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Cable Update (GBPUSD)

  • #419,961
  • Oct 2, 2015 5:40am Oct 2, 2015 5:40am
NFP in 2 hours, price hovering at 1.5150? What is market trying to pricing?

I got a feeling that Fed will raise rate soon because what FOMC members have been doing recently is talk up the hiking expectation so that when they do hike it will not be a shock. If this is true then cable's decline maybe justified.

I suspect that FOMC is no longer "data dependent" they just need to make sure that market volatility doesnt go viral.
  • #419,962
  • Oct 2, 2015 5:41am Oct 2, 2015 5:41am
Quoting Bones
price has become funky since 23 rd sept (D1) , failure this level by US I'm sticking to my original plan that is side before up,at least to first unconfirmed tl , {quote} {image}
Good chart, price decline has slowed and stalled, we re waiting at this important level for the judgement day coming.
  • #419,963
  • Oct 2, 2015 6:59am Oct 2, 2015 6:59am
Quoting elbert3
{quote} lol you have not read my early posts ,, to long and i have posted the story a few times now, so forgive me for not going over the story again,,,lol regards E
Seems this could be the Elbert bounce from 500
  • #419,964
  • Oct 2, 2015 7:06am Oct 2, 2015 7:06am
Quoting dean1star
{quote} Seems this could be the Elbert bounce from 500
hope so, just looking at the charts and i have been scalping into the long trade on 1 min,, so i just expanded the chart with the 1 min lines on to 1 hour ,and this is what it looks like lol,, try work it out,,lol regards
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  • #419,965
  • Oct 2, 2015 7:33am Oct 2, 2015 7:33am
Quoting Darkforce
Looking at the initial reaction to NFP, dollar sinked to a sour number, don't tell me that market was betting on a good old Octo hiking?!?!
bingo right on my 61 %selling back to 517
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  • #419,966
  • Oct 2, 2015 7:40am Oct 2, 2015 7:40am
looks like the bigger resistance first 524, sell back should be 517 ish
  • #419,967
  • Oct 2, 2015 7:40am Oct 2, 2015 7:40am
its a bullish set up ,over 5200 close ,very likely
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,968
  • Oct 2, 2015 7:42am Oct 2, 2015 7:42am
$ really didn't need this


Quoting Bones
one could argue this NFP is more crucial than most , {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,969
  • Oct 2, 2015 7:44am Oct 2, 2015 7:44am
Quoting elbert3
{quote} bingo right on my 61 %selling back to 517{image}
Good luck, but I think it is a bit risky shorting cable give the double whammy NFP and wage both missed.

Though, this might be short term, and if risk sentiment sours then I can see cable drops on that.

Nevertheless, for all the hawkishness Feds have been BSting about, now there's a slap on their face and time for a reality check. In such a globalised world how can they be thinking that US will survive if rest of the world is collapsing?
  • #419,970
  • Oct 2, 2015 7:45am Oct 2, 2015 7:45am
Quoting Bones
$ really didn't need this {quote} {image}
Double top for USDX then, maybe above 2 is too much for what USD is right now.
  • #419,971
  • Oct 2, 2015 7:48am Oct 2, 2015 7:48am
Quoting Bones
$ really didn't need this {quote} {image}
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10 ema was always a target now test support to confirm doji long would you think ?? bigger resistance 5235 and a box area on my chart
  • #419,972
  • Oct 2, 2015 8:04am Oct 2, 2015 8:04am
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??
  • #419,973
  • Oct 2, 2015 8:27am Oct 2, 2015 8:27am
Turns out, the real winner of this crap NFP, aside JPY, is EURGBP! What a joke.
Attached Image (click to enlarge)
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  • #419,974
  • Oct 2, 2015 8:30am Oct 2, 2015 8:30am
Quoting Darkforce
Turns out, the real winner of this crap NFP, aside JPY, is EURGBP! What a joke. {image}
might even get 516
  • #419,975
  • Oct 2, 2015 8:35am Oct 2, 2015 8:35am
Quoting elbert3
{quote} might even get 516
If EURGBP hourly close above 0.7426 then we might.
  • #419,976
  • Edited 10:20am Oct 2, 2015 10:03am | Edited 10:20am
from the high to the close cable fell 464 pips in 6 days ,if its turning it needs a bit of time ,ideally close bit like that ,as long as its small tho its good enough for me
no confirmation for down

Quoting elbert3
{quote}{image} 10 ema was always a target now test support to confirm doji long would you think ?? bigger resistance 5235 and a box area on my chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 16 KB
Click to Enlarge Name: USD 2(DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,977
  • Oct 2, 2015 10:10am Oct 2, 2015 10:10am
Quoting Bones
from the high to the close cable fell 464 pips in 6 days ,if its turning it needs a bit of time ,ideally close bit like that ,as long as its small tho its good enough for me no confirmation {quote} {image}
i had 2 targets the 61% on my chart then 5320 i thought it might of powered its way to the 2nd one breaking the 200 on the 1 hour so i think 517/60 could could be on if if,,lol we can bounce it there it might be into new trend , its making the usual moves so it could be on ,, lets see ..gl B
  • #419,978
  • Oct 2, 2015 10:19am Oct 2, 2015 10:19am
lets see a sell at 218
  • #419,979
  • Oct 2, 2015 11:04am Oct 2, 2015 11:04am
Attached Image (click to enlarge)
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  • #419,980
  • Oct 2, 2015 11:25am Oct 2, 2015 11:25am
Quoting Darkforce
{quote} If EURGBP hourly close above 0.7426 then we might.
Unfortunately it looks like it bounced off the resistance at 0.7443.
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