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Cable Update (GBPUSD)

  • #422,461
  • Jan 21, 2016 12:08pm Jan 21, 2016 12:08pm
OIL pump on resistance so Gbp UP
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  • #422,462
  • Jan 21, 2016 1:58pm Jan 21, 2016 1:58pm
Quoting digger1
{quote} looking like a bounce here , out of my shorts ,
well done to you to,just in time ,regards E
  • #422,463
  • Jan 21, 2016 3:04pm Jan 21, 2016 3:04pm
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tp and long order on the top, lets see where next
  • #422,464
  • Jan 21, 2016 3:08pm Jan 21, 2016 3:08pm
Quoting elbert3
{image} tp and long order on the top, lets see where next
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interesting the move up is on the 61% and right on resistance on the left, 1 was it just a pullback,2, this could be a major move if it breaks high
  • #422,465
  • Jan 21, 2016 3:23pm Jan 21, 2016 3:23pm
Quoting digger1
{quote} i wouldnt have taken a new trade there for the reasons listed, we are also up against todays r1 and back to the quarterly s2 .yesterdays high in the area too. Not that it wont go eventually but not my area ,i have been closing scalps here tho. E you nailed it lol . {image}
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typical cable move this , false break started
  • #422,466
  • Jan 21, 2016 8:19pm Jan 21, 2016 8:19pm
Quoting elbert3
{quote} {image} typical cable move this , false break started
I have a hard time calling anything false in cable lol, false or real or whatever you call it its just another move you were either in it or out of it lol. Currently gyrating around the quarterly S2 which sits at 1.4213, daily pivot point 4182 with 4163 being yesterdays mid point and the 500 mark of yesterdays trading . If it trades back to there I will be watching for a chance for some longs , support area for me is 4130ish area. fib extensions has good targets on both ends. Bottom side 1.40ish big round number top side the long wick in the circle makes one think there is some unfinished business there around the 1.43 level . Oil holds around the 28.50 to 32 mark a poke to 1.43 in the gbp wouldnt be out of the question, GL all.
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  • #422,467
  • Jan 21, 2016 11:23pm Jan 21, 2016 11:23pm
well 1st scalp trade of the day, gray is 1st 2 hours of trading , using todays open price 1.4218 as the 500 mark , 272 and 618 extensions on the top side my tgt is yesterdays high if we clear the open entry was 4205.
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  • #422,468
  • Jan 22, 2016 12:26am Jan 22, 2016 12:26am
Out of some scalp longs here at previous high of the day.4231 , some runners left
  • #422,469
  • Jan 22, 2016 2:14am Jan 22, 2016 2:14am
Quoting digger1
{quote}I have a hard time calling anything false in cable lol, false or real or whatever you call it its just another move you were either in it or out of it lol. Currently gyrating around the quarterly S2 which sits at 1.4213, daily pivot point 4182 with 4163 being yesterdays mid point and the 500 mark of yesterdays trading . If it trades back to there I will be watching for a chance for some longs , support area for me is 4130ish area. fib extensions has good targets on both ends. Bottom side 1.40ish big round number top side the long wick in...
Morning D, that detailed , thanks , 4240 might be hard but it might jump fast if it can break i might play both was sl 8 pips on either side
  • #422,470
  • Jan 22, 2016 2:19am Jan 22, 2016 2:19am
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fine line if it breaks i have 4320 and tops 4361
  • #422,471
  • Jan 22, 2016 2:31am Jan 22, 2016 2:31am
Morning E,,,,,,,, giddy up little gbp lol
  • #422,472
  • Jan 22, 2016 2:56am Jan 22, 2016 2:56am
Quoting digger1
Morning E,,,,,,,, giddy up little gbp lol
careful now you will be called a spammer ?? lol gl
  • #422,473
  • Jan 22, 2016 3:02am Jan 22, 2016 3:02am
Quoting elbert3
{quote} careful now you will be called a spammer ?? lol gl
Lol, just a dirt farmer with a few head of livestock, my time of year to play in the mkts . Scalp tgt was hit , can it get to R1 before the retail news . Gbpjpy working on breaking above the weekly pivot , eurgbp working on dropping thru the weekly pivot , bout to get fun here lol.
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  • #422,474
  • Jan 22, 2016 3:02am Jan 22, 2016 3:02am
Quoting digger1
Morning E,,,,,,,, giddy up little gbp lol
it might go down before the news for cheaper longs careful
  • #422,475
  • Jan 22, 2016 3:03am Jan 22, 2016 3:03am
Quoting digger1
{quote} Lol, just a dirt farmer with a few head of livestock, my time of year to play in the mkts . Scalp tgt was hit , can it get to R1 before the retail news . Gbpjpy working on breaking above the weekly pivot , eurgbp working on dropping thru the weekly pivot , bout to get fun here lol. {image}
did you buy a new tractor ???
  • #422,476
  • Jan 22, 2016 3:12am Jan 22, 2016 3:12am
Quoting elbert3
{quote} did you buy a new tractor ???
Not yet this year, did buy some more land tho, lol, this may be a combine year
  • #422,477
  • Jan 22, 2016 3:16am Jan 22, 2016 3:16am
my plan
#Trade what you see and not what your think
  • #422,478
  • Jan 22, 2016 3:17am Jan 22, 2016 3:17am
Quoting digger1
{quote} Not yet this year, did buy some more land tho, lol, this may be a combine year
my plan
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#Trade what you see and not what your think
  • #422,479
  • Jan 22, 2016 3:18am Jan 22, 2016 3:18am
this mornings email , but news so trade your own trade

GBPUSD
Bearish below 1.4280.

UBS: ‘Concerns around the risk of Brexit are likely to get more serious as the referendum approaches. This could exacerbate downside pressure on sterling, as could worries over the UK's current account deficit.
Recent years of strong UK demand relative to that in other European countries have seen the persistent trade deficit of the UK grow rapidly, driving the current account deficit to ever higher levels. Dependence on external financing and the risk of capital outflows this generates make potential downside risks to the currency even more acute.’

HSBC Pushes Back BOE Rate Rise to November vs March Previously
‘Pushes back timing saying sharp oil price fall will weigh on inflation; change also reflects greater economic and political uncertainty, HSBC economist Simon Wells writes in client note. Expects a very gradual pace of tightening, with a 25bps rate increase this year and two similar increases in 2017.’

LCG: ‘GBPUSD hit 1.4080 as Draghi hinted for more ECB stimulus. Yet Cable found buyers below 1.41 and is up to 1.4241 in London. Trend and momentum indicators are still comfortably negative and could cap the upside attempts. Resistance is seen at 1.4280 (short-term pivot). Surpassing 1.4280, 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 1.4231
Bearish case: 1.4280 resistance, setback expected to 1.4145 max 1.4040/1.4000.
Bullish case: if 1.4280 surpassed, recovery to 1.4390 before 1.4410 and 1.4515 mid-term resistance.
  • #422,480
  • Jan 22, 2016 3:36am Jan 22, 2016 3:36am
Quoting elbert3
this mornings email , but news so trade your own trade GBPUSD Bearish below 1.4280. UBS: Concerns around the risk of Brexit are likely to get more serious as the referendum approaches. This could exacerbate downside pressure on sterling, as could worries over the UK's current account deficit. Recent years of strong UK demand relative to that in other European countries have seen the persistent trade deficit of the UK grow rapidly, driving the current account deficit to ever higher levels. Dependence on external financing and the risk of capital...

  1. dean1star
  2. Quote
  3. Jan 18, 2016 5:08
  4. Online Now

Buy on Pound Dollar 142 600 into first one hour candle after the open.
Post the chart later on.

Closed on 143 spot for 140 pips.

Opened on Jan 18th.

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