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Cable Update (GBPUSD)

  • #416,541
  • Jun 17, 2015 3:45am Jun 17, 2015 3:45am
I believe...
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  • #416,542
  • Jun 17, 2015 3:47am Jun 17, 2015 3:47am
Quoting Fx-gtg
Calm down. All cable is doing is visiting old norms. Levels that must have been touch months ago but did not happen.
yes people are starting to get the jitters on many pairs..
i thought 5690 was a strong enough level..5741 now..
  • #416,543
  • Jun 17, 2015 3:56am Jun 17, 2015 3:56am
Quoting navk
I am seeing this in hourly chart. {image}

Quoting mahooo
Sell GU @1.5641 {image}
two losers here shorting the Pound around 1.5650 without any good reason BEFORE the BOE Minutes, now price tanked near 1.5750 and STILL has room to hit 1.58

the first one risk so many 1 lots now ended losing 100 pips, and funny enough without any SL, now without any update in this thread anymore?

so the moral of story: NEVER TRADE BEFORE OR JUST RIGHT BEFORE MAJOR IMPACT NEWS
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  • #416,544
  • Jun 17, 2015 4:07am Jun 17, 2015 4:07am
Quoting 2012mysterio
{quote} yes people are starting to get the jitters on many pairs.. i thought 5690 was a strong enough level..5741 now..
1.5750 without a strong Dollar. Dollar weakness this afternoon puts cable in 1.59xx easily
  • #416,545
  • Jun 17, 2015 4:08am Jun 17, 2015 4:08am
Quoting Hickson
{quote} Hi E, good to see you back. Remember, money cannot buy a healthy body - and mind lol regards
Morning H , lol thanks but i am ok now, it is great not tied to the pc, i have a £1 pip from the break out of 5526 see the old chart and it looks like it respects the fibs i have put in place , next stop 5832 that takes it to tl,, break that then 6200/6400 Mr S and i spoke about 6400 months ago , if you look at my picture which has been there since HDA left as i keep it on file ,
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something to watch is weekly ,there is an old 1st touch tl it has been tested so we need to break it
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thats me, we have a charity event in the village on Saturday and i think i will go help set up the marquees , Regards B
  • #416,546
  • Jun 17, 2015 4:11am Jun 17, 2015 4:11am
Quoting elbert3
{quote} Morning H , lol thanks but i am ok now, it is great not tied to the pc, i have a 1 pip from the break out of 5526 see the old chart and it looks like it respects the fibs i have put in place , next stop 5832 that takes it to tl,, break that then 6200/6400 Mr S and i spoke about 6400 months ago , if you look at my picture which has been there since HDA left as i keep it on file ,{image}{image} something to watch is weekly ,there is an old 1st touch tl it has been tested so we need to break it {image} thats me, we have a charity event in the...
Hi E, glad to hear! Yes, Cable has been on a rally lately. Could be a rate hike in the wings with economy doing well in GB. Gotta run ... unpleasant meetings on the cards today.
Fix up, trade sharp ...
  • #416,547
  • Jun 17, 2015 4:15am Jun 17, 2015 4:15am
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chart is tight, we have day tl breakout,but look left just in case it starts going down here , target above if it gets higher
  • #416,548
  • Jun 17, 2015 5:58am Jun 17, 2015 5:58am
Seem like this pair going up non-stop with/without +ve/-ve news, is it nothing can stop GBP rally now, even FOMC tonight?
  • #416,549
  • Jun 17, 2015 6:13am Jun 17, 2015 6:13am
Nothing goes up forever Not even GBP
  • #416,550
  • Jun 17, 2015 7:07am Jun 17, 2015 7:07am
this is just isolated crazy action , try abort one to take another life , very tough & most unreliable the situation . anyway it's next most desirable target so near 5814 & even can break for 5900+ still will look for short /correction before the try up if can go that time or once for all this correction possible . lets see , just take full precaution in any types of action.5750 also important level now.

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416,551
  • Jun 17, 2015 7:43am Jun 17, 2015 7:43am
Got my trade of the month! I overleveraged but with tight stops. Overall it was 2x2Lot.

Traded retrace from 5753 & 5740 on the pip to 5700... was i fucking ugly ride but out with overall 90pips

I am out. Fuck FOMC
  • #416,552
  • Jun 17, 2015 7:45am Jun 17, 2015 7:45am
Quoting amikaking
{quote} {quote} two losers here shorting the Pound around 1.5650 without any good reason BEFORE the BOE Minutes, now price tanked near 1.5750 and STILL has room to hit 1.58 the first one risk so many 1 lots now ended losing 100 pips, and funny enough without any SL, now without any update in this thread anymore? so the moral of story: NEVER TRADE BEFORE OR JUST RIGHT BEFORE MAJOR IMPACT NEWS {image}
No, I was not not a looser, I am a scalper. Made money and out with ++
Intraday only.
  • #416,553
  • Jun 17, 2015 7:57am Jun 17, 2015 7:57am
OK looks like we had our channel overshoot and it is now either turning down or entering a range for a while. My best guess, given other pairs' price action, is that we're going to have a significant leg down from around here
  • #416,554
  • Jun 17, 2015 7:59am Jun 17, 2015 7:59am
I do not think we are going to take the 1.58 top before taking a dive and bottom-fishing for the next few days. I sure hope this is the case, because I'd like to re-buy this much lower before 1.60
  • #416,555
  • Jun 17, 2015 7:59am Jun 17, 2015 7:59am
i think we wont see a full retrace till FOMC. Just my 2 cents.

I have in my books 5677 as support and 5777 as Resistance.
  • #416,556
  • Edited 8:31am Jun 17, 2015 8:15am | Edited 8:31am
Quoting PipJet
i think we wont see a full retrace till FOMC. Just my 2 cents. I have in my books 5677 as support and 5777 as Resistance.
Timing may be ok & as every has the right to try \for survival gpb likely do everything for the same , otherwise great crush was in expectation for long long time. now almost maturing for the movement or great failure too but at the very base , perhaps after this correction up> go as high as possible .In pic is just one shoulder. what going on fundamentally not know though!! crude oil inventories positive I see but start effect after all US news if any today !
thanks
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416,557
  • Jun 17, 2015 8:55am Jun 17, 2015 8:55am
Looking to sell trade taken at 157 300
  • #416,558
  • Jun 17, 2015 9:39am Jun 17, 2015 9:39am
Quoting fontu
{quote} Timing may be ok & as every has the right to try \for survival gpb likely do everything for the same , otherwise great crush was in expectation for long long time. now almost maturing for the movement or great failure too but at the very base , perhaps after this correction up> go as high as possible .In pic is just one shoulder. what going on fundamentally not know though!! crude oil inventories positive I see but start effect after all US news if any today ! thanks fontu {image}
Yes, that's roughly what I see in the monthly studies as well. An eventual revisit of the historic lows. Big range for a while till the next big leg down
  • #416,559
  • Jun 17, 2015 10:54am Jun 17, 2015 10:54am
Yellen also needs to take focus OFF the FED , ..needs talks of rate hike diminished shift market attention to other shit
  • #416,560
  • Jun 17, 2015 11:19am Jun 17, 2015 11:19am
USD FOMC: Median Fed funds rate 1.625% end-2016 vs 1.875% Mar. est.
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