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Cable Update (GBPUSD)

  • #419,261
  • Sep 10, 2015 5:00am Sep 10, 2015 5:00am
Quoting richer
{quote} if you gather from my recent post, you will see i am confident in the bearish when the price is at 1.57xx, the H1 shows the price need to go the leg of the shark, around 1.516. if the price goes higher than the highest peak of the shark, the highest peak will be at that price, and then it needs to go to the leg again. As I said the price cannot go up further today, so going down is higher probability. Fundamentally, yesterday uk data were very bad, but the price didn't react relatively. Anyway, goodluck to you, {image}
ok thanks for that,, gl to you to, regards E
  • #419,262
  • Sep 10, 2015 5:26am Sep 10, 2015 5:26am
Quoting Kajos2250
{quote} GU H4 GMT+2 last long have got the BE. follow the engulfing, the daily bullish belt hold is in the game. buy limit .5369 sl 40pip... Good Luck! {image}
limit skipped by the spread, if you could get pull the BE before the vote other way leave there!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 41 KB
Anything is math!
  • #419,263
  • Sep 10, 2015 5:43am Sep 10, 2015 5:43am
At the edge of daily down channel. We will know in 20 minutes if it is going to break it!
Attached Image
  • #419,264
  • Sep 10, 2015 5:47am Sep 10, 2015 5:47am
Quoting Nabz
At the edge of daily down channel. We will know in 20 minutes if it is going to break it! {image}
So if the BOE keeps the interest rate we'll see a potential rise in the GBP?
Focus.
  • #419,265
  • Sep 10, 2015 5:49am Sep 10, 2015 5:49am
Sold gbp 1.5395... Sl 1.5430.. Tp open... Sell button
  • #419,266
  • Sep 10, 2015 5:49am Sep 10, 2015 5:49am
Quoting ffmonry
Sold gbp 1.5395... Sl 1.5430.. Tp open... Sell button
Me too Fingers up
  • #419,267
  • Sep 10, 2015 5:51am Sep 10, 2015 5:51am
Quoting Marco-Kanto
{quote} So if the BOE keeps the interest rate we'll see a potential rise in the GBP?
i don't see the logic behind your quote. could you please explain that?
  • #419,268
  • Sep 10, 2015 5:51am Sep 10, 2015 5:51am
Staying short GBPUSD, part of me thinks they will hold rates maybe waif for FOMC but other part thinks they will cut rates due to housing market looking set to decline and manufacturing data not looking so hot either. More importantly the USD which the data later today also to keep in mind.
All posts are my personal opinion
  • #419,269
  • Sep 10, 2015 5:54am Sep 10, 2015 5:54am
Quoting ffmonry
Sold gbp 1.5395... Sl 1.5430.. Tp open... Sell button
Well, if there is unexpected rate hike. Your stoploss won't matter, as in case of bank rate change the gaps can easily exceed 100 pips. Last example is USDCAD.
  • #419,270
  • Sep 10, 2015 5:56am Sep 10, 2015 5:56am
Quoting richer
{quote} i don't see the logic behind your quote. could you please explain that?
I just feel that confidence in the pound will remain if the BOE keeps the interest rate. I think the movement would be more apparent if there was a raise or a lowering of the rate? I'm just asking - pretty new to all of this.
Focus.
  • #419,271
  • Sep 10, 2015 5:56am Sep 10, 2015 5:56am
Quoting Nabz
{quote} Well, if there is unexpected rate hike. Your stoploss won't matter, as in case of bank rate change the gaps can easily exceed 100 pips. Last example is USDCAD.
Speculating no hike. As global market conditions bad. For hike they have to get 5 votes..dont think it will happen this time
  • #419,272
  • Sep 10, 2015 5:57am Sep 10, 2015 5:57am
Quoting ffmonry
{quote} Speculating no hike. As global market conditions bad. For hike they have to get 5 votes..dont think it will happen this time
You sound like there has never been unexpected rate hikes.
  • #419,273
  • Sep 10, 2015 5:58am Sep 10, 2015 5:58am
1.5480/90??
When Scalpers win, I lose and Vice varsa...
  • #419,274
  • Sep 10, 2015 6:01am Sep 10, 2015 6:01am
Quoting Marco-Kanto
{quote} So if the BOE keeps the interest rate we'll see a potential rise in the GBP?
I wish I'd listened to myself.
Focus.
  • #419,275
  • Sep 10, 2015 6:03am Sep 10, 2015 6:03am
today is wed theres very low probability to change the weekly outlook ,for that open to change negative ,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 21 KB
Click to Enlarge Name: gbp USD (DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,276
  • Sep 10, 2015 6:04am Sep 10, 2015 6:04am
Quoting Nabz
{quote} You sound like there has never been unexpected rate hikes.
No hike sl triggered. Out.
  • #419,277
  • Sep 10, 2015 6:08am Sep 10, 2015 6:08am
Well BOE is not as dovish as many think, so the range big 1.515-1.58 range still not broken, and we are going up.

There are some nice levels to play out along the way, got to be exciting!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFH4.png Size: 60 KB
  • #419,278
  • Sep 10, 2015 6:08am Sep 10, 2015 6:08am
w5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 193 KB
  • #419,279
  • Sep 10, 2015 6:09am Sep 10, 2015 6:09am
5440 weekly 10-/20 ema if we pass then 5530 , could be a sell point ,,watch it
  • #419,280
  • Sep 10, 2015 6:13am Sep 10, 2015 6:13am
Quoting elbert3
5440 weekly 10-/20 ema if we pass then 5530 , could be a sell point ,,watch it
I want to try short against 5440 but current H4 candle close in 47 mins, will get some clue from the close of this candle to decide how to go about it.
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