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Cable Update (GBPUSD)

  • #422,421
  • Jan 21, 2016 6:10am Jan 21, 2016 6:10am
there something bout britexit , PM Cameron speech
http://news.forexlive.com/!/pound-pu...fears-20160121
what ever it takes
  • #422,422
  • Jan 21, 2016 6:11am Jan 21, 2016 6:11am
Quoting Conscript
{quote} Indeed... but trend gotta reverse somehwere
dont guess,just trade it
  • #422,423
  • Edited 6:32am Jan 21, 2016 6:14am | Edited 6:32am
Quoting Conscript
{quote} Indeed... but trend gotta reverse somehwere
Wait until it does change direction and then you can hop on. Don't stand in front of a freight train and say "it has to go back where it came from." If need be stand on the side of the track and watch it rush by. It will come back and you'll have your chance to ride it then

GREEN pips to one and all.
  • #422,424
  • Jan 21, 2016 6:18am Jan 21, 2016 6:18am
Quoting SmoothTrader
{quote} Wait until it does change direct and then you can hop on. Don't stand in front of a freight train and say "it has to go back where it came from." If need be stand on the side of the track and watch it rush by. It will come back and you'll have your chance to ride it then GREEN pips to one and all.
Nicely said.

And also, pair strong and weak currencies due to policy divergence. I am short GBPJPY for this reason.
Shit Happens
  • #422,425
  • Jan 21, 2016 6:19am Jan 21, 2016 6:19am
Quoting Conscript
{quote} Indeed... but trend gotta reverse somehwere
lol, they always do , much better to let some one elses money turn it tho. Here is what you where fighting for the last day and a half, and now a new daily low gbp and a new daily high in the eurgbp all before the eur interest rate statement .
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  • #422,426
  • Jan 21, 2016 6:44am Jan 21, 2016 6:44am
Daily chart there is no fight , every level worth noting it dropped thru retested it weakly and continued on , yearly open , QuarterlyS1,,,, we just went thru Quarterly S2, 1.40 may be a tough nut to crack , big round number , may find out soon.
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  • #422,427
  • Jan 21, 2016 7:00am Jan 21, 2016 7:00am
little rebound above 1.41xx, seems like 4100- 4120 will be many buyers attracting to coming to be slaughtered again
  • #422,428
  • Jan 21, 2016 7:01am Jan 21, 2016 7:01am
try to see the pattern in daily also H4 cable never make more than 3 bullish candle after 2-3 candle heavy selling again.......good luck
  • #422,429
  • Jan 21, 2016 7:14am Jan 21, 2016 7:14am
no one is buying?
  • #422,430
  • Jan 21, 2016 7:21am Jan 21, 2016 7:21am
4130 (yesterday low) will b interesting place to sell,......
  • #422,431
  • Jan 21, 2016 7:22am Jan 21, 2016 7:22am
Quoting Ken A
no one is buying?
What about you?.....

Buy?...catching falling sword right now....
  • #422,432
  • Jan 21, 2016 7:23am Jan 21, 2016 7:23am
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??
  • #422,433
  • Jan 21, 2016 7:25am Jan 21, 2016 7:25am
Quoting elbert3
{image} ??
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161% did you trade it thou
  • #422,434
  • Jan 21, 2016 7:26am Jan 21, 2016 7:26am
Quoting KucinkGaronk
{quote} What about you?..... Buy?...catching falling sword right now....
Attached Image
  • #422,435
  • Jan 21, 2016 7:32am Jan 21, 2016 7:32am
Quoting Ken A
{quote} {image}
Nice entry
  • #422,436
  • Jan 21, 2016 7:34am Jan 21, 2016 7:34am
this mornings broker email,,

GBPUSD
Bearish below 1.4260.

Societe Generale: ‘Though the data is not as bad as we feared on wages, sterling is not very attractive given the Brexit fears. The market is pricing in no rate increase by the BoE and unless that changes it is going to be very difficult for sterling to haul itself out of this downtrend. There is no reason to be bullish in the short term.’

LCG: ‘Below 1.4250/60, there is possibility of further attempt to 1.4040/1.4000 psychological support. Surpassing 1.4250/60 resistance, a bumpy recovery toward 1.4392 (minor 23.6% on Dec-Jan decline) could be considered. Key resistance is eyed at 1.4500/555 (major 38.2%).’

Market price 1.4165
Bearish case: 1.4250/60 resistance, drop expected to 1.4105 before 1.4040/1.4000.
Bullish case: if 1.4260 surpassed, recovery to 1.4340, 1.4390 before 1.4515 mid-term resistance.
  • #422,437
  • Jan 21, 2016 7:40am Jan 21, 2016 7:40am
Quoting KucinkGaronk
little rebound above 1.41xx, seems like 4100- 4120 will be many buyers attracting to coming to be slaughtered again
I think many buy order around mentioned area killed by fast down spike recently....
  • #422,438
  • Jan 21, 2016 7:47am Jan 21, 2016 7:47am
Quoting elbert3
this mornings broker email,, GBPUSD Bearish below 1.4260. Societe Generale: Though the data is not as bad as we feared on wages, sterling is not very attractive given the Brexit fears. The market is pricing in no rate increase by the BoE and unless that changes it is going to be very difficult for sterling to haul itself out of this downtrend. There is no reason to be bullish in the short term. LCG: Below 1.4250/60, there is possibility of further attempt to 1.4040/1.4000 psychological support. Surpassing 1.4250/60 resistance, a bumpy recovery toward...
The basic question is :
1. If trader become profitable, are brokers happy???
2. Are broker honestly want to help you kindly?
3. What broker expecting from their client....the client happy with all profit or broker happy for more and more deposit ...

Peace mate, I hope your broker is kind and honest...
Regards
  • #422,439
  • Jan 21, 2016 7:53am Jan 21, 2016 7:53am
Quoting Conscript
{quote} Nice entry
I got S/O by Draghi

But EURGBP short is running nicely
  • #422,440
  • Jan 21, 2016 7:54am Jan 21, 2016 7:54am
Quoting KucinkGaronk
{quote} The basic question is : 1. If trader become profitable are brokers happy??? 2. Are broker honestly want to help you kindly? 3. What broker expecting from their client....the client happy with all profit or broker happy for more and more deposit ... Peace mate, I hope your broker is kind and honest... Regards
they all dont give a shi??? if we lose money they just want you to do as many trades as you can , but if you think if,,if one blows an account they lose potential sales,so i like to think they would want you in the game for as long as possible , no trader means no wages for them .regards E
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