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Cable Update (GBPUSD)

  • #423,841
  • Feb 10, 2016 3:54am Feb 10, 2016 3:54am
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makes a conflicting story for me here ??
  • #423,842
  • Feb 10, 2016 3:56am Feb 10, 2016 3:56am
Quoting elbert3
{image} makes a conflicting story for me here ??
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just have to play it out, if the boy want it up it will go up
  • #423,843
  • Feb 10, 2016 4:02am Feb 10, 2016 4:02am
Quoting elbert3
{image} makes a conflicting story for me here ??
Wow, the lines... My eyes, Eagh!!!

If I was holding a position, I wouldn't let go of anything until the buy stops above the 1.4515 swing high are cleared. The market wants those...
"Don't fear a bubble until it starts to burst."
  • #423,844
  • Feb 10, 2016 4:05am Feb 10, 2016 4:05am
Quoting dean1star
Think they got bigger moves to make later on for selling so nows the time to buy em. News just fits their agenda as and when they need it. Might be wrong here but 145 400 and i am taking the sell for sure
Because yesterdays R1 and Fridays consolidation at days "high" ?

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I might be wrong , I have been wrong before
  • #423,845
  • Feb 10, 2016 4:05am Feb 10, 2016 4:05am
There are two buy stop pockets in range that people who swept up pounds can offload their positions into... May not happen until the Yellen speech, I would be very surprised if the bulls gave up today without putting in a real push for the orders over these swing highs.

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"Don't fear a bubble until it starts to burst."
  • #423,846
  • Feb 10, 2016 4:14am Feb 10, 2016 4:14am
Quoting meanvel
{quote} Wow, the lines... My eyes, Eagh!!! If I was holding a position, I wouldn't let go of anything until the buy stops above the 1.4515 swing high are cleared. The market wants those...
if you could see what i see acc wise you would not say anything about my lines,,,lol regards
  • #423,847
  • Feb 10, 2016 4:17am Feb 10, 2016 4:17am
4483 should be support bounce if any ??
  • #423,848
  • Feb 10, 2016 4:17am Feb 10, 2016 4:17am
Cable seems up and down at the moment.... I am staying away until things clear out...
  • #423,849
  • Feb 10, 2016 4:18am Feb 10, 2016 4:18am
http://prntscr.com/a1d1c1
  • #423,850
  • Feb 10, 2016 4:22am Feb 10, 2016 4:22am
Quoting Chris Corben
Cable seems up and down at the moment.... I am staying away until things clear out...
That is volatility expansion... It happens every single day and generally peaks in the morning when both NY and EU market sessions are open.

If the market isn't trending strongly... Volatility usually expands both directions. Higher highs and lower lows all day until European markets close is not a unusual pattern at all for currencies.

You can tell we have a very slight uptrend by how the price range is expanding upward slightly.

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"Don't fear a bubble until it starts to burst."
  • #423,851
  • Feb 10, 2016 4:23am Feb 10, 2016 4:23am
Quoting elbert3
4483 should be support bounce if any ??
Why not
And take profit between yesterdays high and R1

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I might be wrong , I have been wrong before
  • #423,852
  • Feb 10, 2016 4:24am Feb 10, 2016 4:24am
Second test on 1.4505 didn't look or feel as convincing to me :/
The first test should have been the entry, if we don't see it push above then oh well opportunity missed, but looks likely to at least test 1.4544
  • #423,853
  • Feb 10, 2016 4:31am Feb 10, 2016 4:31am
Quoting Mandariin
{quote} Why not And take profit between yesterdays high and R1 {image}
near,y there lets see hold or fold ?? regards
  • #423,854
  • Feb 10, 2016 4:39am Feb 10, 2016 4:39am
Quoting elbert3
{quote} near,y there lets see hold or fold ?? regards
I am holding to yesterdays high
I might be wrong , I have been wrong before
  • #423,855
  • Feb 10, 2016 4:40am Feb 10, 2016 4:40am
How is this pair holding high despite the bad manufacturing production data
  • #423,856
  • Feb 10, 2016 4:40am Feb 10, 2016 4:40am
Oh come on make a decision already, third test looks promising, may we now see 1.4544 min
On the second time of testing we didn't see it come as far down, might have some pressure at 1.45149 but after that dont see miuch significance in the way of 1.4590 other than 1.4544, not going to buy this one up there but we shall see,

Note: Of course Yellen is an obstacle
  • #423,857
  • Feb 10, 2016 4:44am Feb 10, 2016 4:44am
Euro scalp closed on 65 pips watching pound dollar rise for next trade.
  • #423,858
  • Feb 10, 2016 4:44am Feb 10, 2016 4:44am
Quoting Mandariin
{quote} I am holding to yesterdays high
just watch the ext now of that low before or it could be back down there
  • #423,859
  • Feb 10, 2016 4:47am Feb 10, 2016 4:47am
Quoting Don96
Note: Of course Yellen is an obstacle
She is no obstacle... She's a great catalyst for triggering the market 100 pips in a direction, or both directions...
"Don't fear a bubble until it starts to burst."
  • #423,860
  • Feb 10, 2016 4:52am Feb 10, 2016 4:52am
Quoting meanvel
{quote} She is no obstacle... She's a great catalyst for triggering the market 100 pips in a direction, or both directions...
Yeah a giant whipsaw is a massive obstacle in my view, but of course gambling on the outcome can be profitable. Also as its a speech who knows whats going to be said, unlikely but large moves and slippage and all that :/ (SNB) always possible
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