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Cable Update (GBPUSD)

  • #418,481
  • Aug 19, 2015 7:05am Aug 19, 2015 7:05am
CPI and FOMC minutes
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  • #418,482
  • Aug 19, 2015 7:19am Aug 19, 2015 7:19am
Hello Everyone.

Here is my take on Cable today. It could go down retracing 61.8 to 74.4% of yesterday's move up. Afterwhich it could proceed to breaking that resistance at the top.
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  • #418,483
  • Aug 19, 2015 7:24am Aug 19, 2015 7:24am
.5684 buy stop...
Anything is math!
  • #418,484
  • Aug 19, 2015 7:35am Aug 19, 2015 7:35am
No significant push either ways. Sideways till FOMC minutes.
We might not even get a catalyst today or tomorrow. Lol.

CPI data is marginally positive, good against weak currencies but its not going to do much against another currency that is also strengthening.
Luck shines on the positive.
  • #418,485
  • Aug 19, 2015 7:37am Aug 19, 2015 7:37am
Quoting YvetteTeo
No significant push either ways. Sideways till FOMC minutes. We might not even get a catalyst today or tomorrow. Lol. CPI data is marginally positive, good against weak currencies but its not going to do much against another currency that is also strengthening.
Update: We just touched yesterday's low, can we break it?
Luck shines on the positive.
  • #418,486
  • Aug 19, 2015 7:38am Aug 19, 2015 7:38am
Quoting YvetteTeo
No significant push either ways. Sideways till FOMC minutes. We might not even get a catalyst today or tomorrow. Lol. CPI data is marginally positive, good against weak currencies but its not going to do much against another currency that is also strengthening.
went up to resistance area first ??
  • #418,487
  • Aug 19, 2015 7:38am Aug 19, 2015 7:38am
0.1 Percent hey - now thats put the cat amongst the pigeons..
  • #418,488
  • Aug 19, 2015 7:40am Aug 19, 2015 7:40am
Quoting elbert3
{quote} went up to resistance area first ??
Yes, hit upper triangle trendline/resistance before coming back down. Just another rejection.

Like to hear your view on the current price action. Do you see short or long?
Luck shines on the positive.
  • #418,489
  • Aug 19, 2015 7:44am Aug 19, 2015 7:44am
Quoting YvetteTeo
{quote} Yes, hit upper triangle trendline/resistance before coming back down. Just another rejection.
i have a pennant shaping on the 30 min might use that as scalping tool , expect a false break of it some where
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  • #418,490
  • Aug 19, 2015 7:47am Aug 19, 2015 7:47am
trapped some longs then trapped some shorts sneaky buggers aye

regards damien
  • #418,491
  • Aug 19, 2015 7:53am Aug 19, 2015 7:53am
Here's my triangle, bigger time frame because I seldom scalp.
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Luck shines on the positive.
  • #418,492
  • Aug 19, 2015 8:11am Aug 19, 2015 8:11am
Quoting Kajos2250
{quote} GU D1 GMT+2 .5659 really sensitive! no BE, not really decided, bullish outside bars, buy limit .5638... trend remains, possibility for a real BO... YPP ~6087 is waiting Good luck! {image}
GU H4 GMT+2

buy stop trigger, but i think the lower left buy limit will be triggered too.
the bullish flag is creating...

Good luck!
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Anything is math!
  • #418,493
  • Aug 19, 2015 8:23am Aug 19, 2015 8:23am
I expect big market volatile on FOMC minutes after calm day.
  • #418,494
  • Aug 19, 2015 9:12am Aug 19, 2015 9:12am
5626 then 5607!!!
  • #418,495
  • Aug 19, 2015 9:20am Aug 19, 2015 9:20am
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  • #418,496
  • Aug 19, 2015 9:29am Aug 19, 2015 9:29am
Quoting Dano12
{image}
Ill be looking for buys in the little purple square. AKA the 1.5580 area
  • #418,497
  • Aug 19, 2015 10:21am Aug 19, 2015 10:21am
Quoting SteeP7
{quote} Ill be looking for buys in the little purple square. AKA the 1.5580 area
It's a toss up with what we have coming later today...but a good buying opportunity was just here. Latest 4Hr candle is bouncing off of previous broken resistance.

There is order in what seems to be chaos for this range...the bias is to the bulls right now...it WANTS to go up...but its waiting for the right thing to let it.

The only way you'd get down to that purple square for a buying opportunity would be a very quick move, it would be high risk and candle close would be extremely important, if it doesn't bounce immediately...you'd be looking at one heck of a bearish daily candle.
  • #418,498
  • Aug 19, 2015 10:37am Aug 19, 2015 10:37am
Quoting Syntrader
{quote} It's a toss up with what we have coming later today...but a good buying opportunity was just here. Latest 4Hr candle is bouncing off of previous broken resistance. There is order in what seems to be chaos for this range...the bias is to the bulls right now...it WANTS to go up...but its waiting for the right thing to let it. The only way you'd get down to that purple square for a buying opportunity would be a very quick move, it would be high risk and candle close would be extremely important, if it doesn't bounce immediately...you'd be looking...
nice plan!
Anything is math!
  • #418,499
  • Aug 19, 2015 10:43am Aug 19, 2015 10:43am
Quoting Syntrader
{quote} It's a toss up with what we have coming later today...but a good buying opportunity was just here. Latest 4Hr candle is bouncing off of previous broken resistance. There is order in what seems to be chaos for this range...the bias is to the bulls right now...it WANTS to go up...but its waiting for the right thing to let it. The only way you'd get down to that purple square for a buying opportunity would be a very quick move, it would be high risk and candle close would be extremely important, if it doesn't bounce immediately...you'd be looking...
You are most likely correct. Only thing id be buying right now is EUR
  • #418,500
  • Aug 19, 2015 2:55pm Aug 19, 2015 2:55pm
Flag here, seems to be bullish
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