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Cable Update (GBPUSD)

  • #422,641
  • Jan 27, 2016 2:19am Jan 27, 2016 2:19am
Was there any specific fundamental reason for the upmove we saw yesterday afternoon? IMO long term GBP should still be bearish with levels of sub 1.40 still on the table for the coming week(s).
  • #422,642
  • Jan 27, 2016 2:56am Jan 27, 2016 2:56am
I just bought at 1.4290. SL 1.4170 and target 1.4475.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 74 KB
  • #422,643
  • Jan 27, 2016 2:59am Jan 27, 2016 2:59am
Quoting coldvinc
Was there any specific fundamental reason for the upmove we saw yesterday afternoon? IMO long term GBP should still be bearish with levels of sub 1.40 still on the table for the coming week(s).
An extended Stop Hunt on bears, before taking it down. IMO
... I'm not crazy, just Paranoid ...
  • #422,644
  • Jan 27, 2016 3:19am Jan 27, 2016 3:19am
We are right in the middle of the channel, it makes sense for price to be here with less than 8 hours left for the FOMC.

Given the tone of FOMC, we could go higher and lower.

A resting level for the pair to park and wait could be 1.4246 though.
Attached Image (click to enlarge)
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  • #422,645
  • Jan 27, 2016 4:17am Jan 27, 2016 4:17am
check 4318 area
  • #422,646
  • Jan 27, 2016 4:24am Jan 27, 2016 4:24am
Quoting goldfinger
{quote} well said. I am more into job and housing and they are looking good.
Hey can you please elaborate more on jobs and housing section of UK?
These things are not very clear to me. To get a mirror image all the factors should be known.
  • #422,647
  • Jan 27, 2016 4:29am Jan 27, 2016 4:29am
Quoting elbert3
check 4318 area
Ranging between 4290 and 4318, a bit indecisive atm, will need to see NY open to bring some direction.
  • #422,648
  • Jan 27, 2016 4:39am Jan 27, 2016 4:39am
Quoting Darkforce
{quote} Ranging between 4290 and 4318, a bit indecisive atm, will need to see NY open to bring some direction.
dont like the look of the 1 hour chart,1 trade is getting out of shorts , 2 they are getting out of the new longs ,,lol is like the weather report its a bit of both, i think a clear break over that 4318 might be a good base of any long, but today not sure , just trying to scalp a few and get in the right direction of emas, E
  • #422,649
  • Jan 27, 2016 4:40am Jan 27, 2016 4:40am
Quoting darkforce
{quote} ranging between 4290 and 4318, a bit indecisive atm, will need to see ny open to bring some direction.
day candle has no wick at this time ??
  • #422,650
  • Jan 27, 2016 4:46am Jan 27, 2016 4:46am
Attached Image (click to enlarge)
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mess ,into a squeeeeeze
  • #422,651
  • Jan 27, 2016 4:54am Jan 27, 2016 4:54am
Attached Image (click to enlarge)
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BINGO,
  • #422,652
  • Jan 27, 2016 4:54am Jan 27, 2016 4:54am
Quoting elbert3
{quote} dont like the look of the 1 hour chart,1 trade is getting out of shorts , 2 they are getting out of the new longs ,,lol is like the weather report its a bit of both, i think a clear break over that 4318 might be a good base of any long, but today not sure , just trying to scalp a few and get in the right direction of emas, E
1 hour chart says not going down anytime soon, at least not until after FOMC
  • #422,653
  • Jan 27, 2016 5:08am Jan 27, 2016 5:08am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 61 KB
scalp short until it comes back out of that new line
  • #422,654
  • Jan 27, 2016 5:27am Jan 27, 2016 5:27am
Quoting elbert3
{image} scalp short until it comes back out of that new line
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 62 KB
tl might tp here see how it goes
  • #422,655
  • Jan 27, 2016 5:27am Jan 27, 2016 5:27am
Quoting abhilash
I just bought at 1.4290. SL 1.4170 and target 1.4475. {image}

SL moved to BE. Good luck all.
  • #422,656
  • Jan 27, 2016 5:36am Jan 27, 2016 5:36am
1 lot - 58 pips Pay day. Thanks everyone.
  • #422,657
  • Jan 27, 2016 5:52am Jan 27, 2016 5:52am
Quoting Charith
bears @ 4260
Quoting Charith
{quote} bears, again @ 4284
Quoting Charith
{quote} Hedged @ 4300
Exit hedge @ 4350, +50 profit

Things are looking very bearish right now, let see where it takes us.
... I'm not crazy, just Paranoid ...
  • #422,658
  • Jan 27, 2016 5:52am Jan 27, 2016 5:52am
Attached Image (click to enlarge)
Click to Enlarge Name: 1B.png Size: 64 KB
same as before but s/r too
  • #422,659
  • Jan 27, 2016 5:56am Jan 27, 2016 5:56am
massive squeeze out of no where. setup was good for shorts. watch out for eur/gbp. as long as it holds 7592 4260 will again be tested. further move depends on whether euro prints a new high. I guess euro is done for the day till fed.
  • #422,660
  • Jan 27, 2016 5:57am Jan 27, 2016 5:57am
Quoting abhilash
{quote} SL moved to BE. Good luck all.
nice buy. watch out for 4328. it should not be broken. otherwise your long will be tested
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