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Cable Update (GBPUSD)

  • #394,001
  • Aug 19, 2014 10:10am Aug 19, 2014 10:10am
Quoting Greener
{quote} don' think it is about sentiment, as economy is still improving despite today's presentation. I think exchange rate is just trying to find the right balance before next big rise. It's obvious that hike will occur when major trend is set to south and more prone to fall.
Which would be now ... 7 weeks of huge bearish candles. Make or break. Edit: Well, not the rate hike of course ... but if it will ever move up again, it should be now.
Fix up, trade sharp ...
  • #394,002
  • Aug 19, 2014 10:11am Aug 19, 2014 10:11am
Quoting giveachance
{quote} so you are a astrologer???

Lets see.. maybe but 16592 my buy target is now within sight
  • #394,003
  • Aug 19, 2014 10:12am Aug 19, 2014 10:12am
on monday that quite a fall ,I've had trouble personally changing mortgage
where I was ok before ,but not now

MonAug 1812:01amGBPRightmove HPI m/m-2.9%-0.8%
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,004
  • Aug 19, 2014 10:14am Aug 19, 2014 10:14am
Quoting Fx-gtg
1.65951 is target for bears and entry for pre FOMC bulls

totally agree with you.... 16618 is the first buying area and it extends too 16587 in my opinion but believe it will bottom around 16592.. take out 166 to confirm bearish pressure but will rise from there.. 2nd wave retrace towards 169's/17043 then will try and make a 3rd wave lower low
  • #394,005
  • Aug 19, 2014 10:16am Aug 19, 2014 10:16am
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 70 KB
doji form on this 1 hour small hammer on the 15 ,,,mmmm also were on 23% fib on the weekly pulled 4 trades thank you very much,,lets see if it was right
  • #394,006
  • Aug 19, 2014 10:18am Aug 19, 2014 10:18am
you can read the monthly now and safely say even if it pulls up to open
high prob this is down trend next
not set in stone but were all working with probability one way or other
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD monthly 17 (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,007
  • Aug 19, 2014 10:22am Aug 19, 2014 10:22am
failure to take top of range =
What next ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,008
  • Aug 19, 2014 10:28am Aug 19, 2014 10:28am
Quoting Hickson
{quote} Which would be now ... 7 weeks of huge bearish candles. Make or break. Edit: Well, not the rate hike of course ... but if it will ever move up again, it should be now.
I don't think so...as August/Summer is the only time when USD can be strong...in Autumn Yellen won't leave USD to its own fate when tapering/extra stimulus ends....and UK will play its partner role as usual
  • #394,009
  • Aug 19, 2014 10:28am Aug 19, 2014 10:28am
Quoting Bones
cable is moving as fast north a humanly possible since its going against up momentum ,
Roger That Bones...

I was waiting to get in here, until at least one of my trades worked out,
instead of posting "Junk", in the middle of 'trading.

I'm Looking at catching a Wave-C, "North", for just a 'tad...
Target(s) are only small, __ 1.6622, __ 1.6630, and oh gosh golly: __ 166.44

-But... "We Shall See" on all that!
She is "Beat Up" @the Moment!

Best of All Bones,
And all... I share your bearish, "Sentiment",
-Though i think today's 5-Wave Game may be "Played".

Best of "Pipping" Gang,

Jeff !
Attached Image (click to enlarge)
Click to Enlarge Name: 8_19_2014 GBP_USD Wave Possible Wave_C.png Size: 24 KB
I will work to Objectively Identify my Edges
  • #394,010
  • Aug 19, 2014 10:32am Aug 19, 2014 10:32am
Price just touched 200 Simple MA on monthly chart and lower bollinger band on weekly chart. Two sign that price could move up from here.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot_2014-08-19-23-15-45.png Size: 57 KB
  • #394,011
  • Aug 19, 2014 10:37am Aug 19, 2014 10:37am
Quoting Greener
{quote} I don't think so...as August/Summer is the only time when USD can be strong...in Autumn Yellen won't leave USD to its own fate when tapering/extra stimulus ends....and UK will play its partner role as usual
november will be skipped by boe imo
2015 for both
fed could be first

Seemingly we have perhaps 400 piperz mo down and then a move back up..in theory.
As said earlier, 2y Uk papers need to align to cable bottoming

fomc and uk votes tom
  • #394,012
  • Aug 19, 2014 10:44am Aug 19, 2014 10:44am
Quoting Bones
lets not forget cable only had a few pips over long term range ,up trend within those using fibs to project next high will be disapointed ,in the near term , so range anything can happen all I can say not over high this year more like 700 down than up {quote} {image}

hi bone,

I see USDX 83.00 Area...

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: #USDXDaily.png Size: 50 KB
  • #394,013
  • Aug 19, 2014 10:55am Aug 19, 2014 10:55am
yea nice break I think

Quoting mrhb30jr
{quote} hi bone, I see USDX 83.00 Area... cheers {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,014
  • Aug 19, 2014 11:05am Aug 19, 2014 11:05am
I know most of you know but simple look ,im seeing ,im waiting for strong close ,only then ill be happy
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXDaily 19 2.png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,015
  • Aug 19, 2014 11:05am Aug 19, 2014 11:05am
Quoting 21vs7
{quote} november will be skipped by boe imo 2015 for both fed could be first Seemingly we have perhaps 400 piperz mo down and then a move back up..in theory. As said earlier, 2y Uk papers need to align to cable bottoming fomc and uk votes tom
possibly Boe will skip november but by then cable will be back to 1700 imho... there's also room for a small crash in the stock markets...by October USD will need all support it can get from base currencies...exception could be CAD..but if we get to 1.1 by the end of August I am bullish on UC for 1.12 1.13 by this year
  • #394,016
  • Aug 19, 2014 11:10am Aug 19, 2014 11:10am
looking to see if 6610 confirms the fib then long or on we go to 6602 then 6524 area
  • #394,017
  • Aug 19, 2014 11:19am Aug 19, 2014 11:19am
Look left on weekly chart - 1.6610 could prove to be a support level, considering the steep drop today as well...

What do you think, folks ? I at least opened a long position 1.6609
  • #394,018
  • Aug 19, 2014 11:31am Aug 19, 2014 11:31am
Quoting pkreegi
Look left on weekly chart - 1.6610 could prove to be a support level, considering the steep drop today as well... What do you think, folks ? I at least opened a long position 1.6609
could be a good play just dependent on FOMC minutes.
  • #394,019
  • Aug 19, 2014 11:44am Aug 19, 2014 11:44am
Quoting Greener
{quote} possibly Boe will skip november but by then cable will be back to 1700 imho... there's also room for a small crash in the stock markets...by October USD will need all support it can get from base currencies...exception could be CAD..but if we get to 1.1 by the end of August I am bullish on UC for 1.12 1.13 by this year
could be. not buying this yet. tom stuff will provide more information to decide easier.
was long uc and uch. slow, closed them could be wrong

why you see cad as exception
  • #394,020
  • Aug 19, 2014 11:46am Aug 19, 2014 11:46am
Quoting thegmann
{quote} could be a good play just dependent on FOMC minutes.

Yes I considered that, but if the minutes turn bad, It ables to put a tight SL, doesn't it
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