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Cable Update (GBPUSD)

  • #429,461
  • Apr 25, 2016 1:57pm Apr 25, 2016 1:57pm
Thanks Ruff,
Just going for retest, will adjust TP as needed, I know my SL
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Come with me if you want to live....
  • #429,462
  • Apr 25, 2016 1:59pm Apr 25, 2016 1:59pm
but overall you are right. we are close to the top, just not quite there yet.
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  • #429,463
  • Apr 25, 2016 2:08pm Apr 25, 2016 2:08pm
dollar is trading @ decent support above WP and also the H4 selling pressure is subsiding, being an underdog I think the greenback holding quite a surprise into the FOMC.

Should we get a hawkish Fed GU will be trading @ 4300 overnight.
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  • #429,464
  • Apr 25, 2016 2:44pm Apr 25, 2016 2:44pm
its inevitable we are going to higher levels at some stage... but before, closes above 1.451x are required... which means certain levels are needed for enough orders to be filled first, like I said before
  • #429,465
  • Apr 25, 2016 2:59pm Apr 25, 2016 2:59pm
skipping the short, will wait for better confirmation
Come with me if you want to live....
  • #429,466
  • Apr 25, 2016 3:24pm Apr 25, 2016 3:24pm
Quoting Don96
You do realise that this has to be taken out for those higher levels... is it not there on other peoples chart or something ? {image}
Hi Don,

Are you expecting it to be difficult to take this level, if so why this one in particular?

Thanks.
  • #429,467
  • Apr 25, 2016 3:26pm Apr 25, 2016 3:26pm
something tells me yellen won't raise rates and the market is pricing it in.
Will look to sell the Yellen spike
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Come with me if you want to live....
  • #429,468
  • Apr 25, 2016 3:33pm Apr 25, 2016 3:33pm
Quoting redbaron1981
{quote} Hi Don, Are you expecting it to be difficult to take this level, if so why this one in particular? Thanks.
​after 1.38xx its the highest high since... and as far as I'm concerned, Obamas nonsense has caused this rally in GBP as market thinks its more likely GBP will stay in? or riding it up for cheapest seats down before vote? who knows. The 1.4454 was taken out only due to the gap since the weekend, now everything for me is a bit frazzled on GU, so if I'm honest I'm probs not the best person to ask on GU views atm... although just been informed on 1.45182 was a normal target level for bulls exactly on fibs.. didn't have it drawn at the time but makes more sense for the move atm, I may have 1.45812 next for normal bull target...time will tell and circumstances will change
  • #429,469
  • Apr 25, 2016 3:38pm Apr 25, 2016 3:38pm
Quoting Ill-b-back
something tells me yellen won't raise rates and the market is pricing it in. Will look to sell the Yellen spike {image}

I actually feel a little embarrassed for you now, dude.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,470
  • Apr 25, 2016 4:30pm Apr 25, 2016 4:30pm
Quoting Magix
{quote} I actually feel a little embarrassed for you now, dude.
It's ok, I'm sure you will get over it. I've spent the last 24 hrs playing your little game but now I'm just bored so after this post you will simply disappear from view for good as if you never existed. But don't let that stop you continuing to rant and rave like a special needs child refusing to take his medication. If it makes you feel any better, you can just pretend I'm still watching ok...?Adiose..
Come with me if you want to live....
  • #429,471
  • Apr 25, 2016 5:12pm Apr 25, 2016 5:12pm
Quoting Ill-b-back
{quote} It's ok, I'm sure you will get over it. I've spent the last 24 hrs playing your little game but now I'm just bored so after this post you will simply disappear from view for good as if you never existed. But don't let that stop you continuing to rant and rave like a special needs child refusing to take his medication. If it makes you feel any better, you can just pretend I'm still watching ok...?Adiose..

I can feel a quivering lip from here.
lol

Pick up a sense of humor, dude. Geez!

(Almost) everybody here knows I'm an asshole, already.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,472
  • Apr 25, 2016 5:18pm Apr 25, 2016 5:18pm
Quoting asgcorp
but overall you are right. we are close to the top, just not quite there yet. {image}
The timing is good for a drop, after 13 days we are hugging the FOMC today.

The questions is how much will it drop.

El-Erian says FOMC will set up a June hike in today's minutes, I believe so, and if so dollar should rise against everything.
  • #429,473
  • Apr 25, 2016 6:17pm Apr 25, 2016 6:17pm
can anyone here confirm about Brexit on June? If confirm, GBP will become stronger currencies than USD.. Bearish just a little pips.. Always Bullish...
  • #429,474
  • Apr 25, 2016 8:14pm Apr 25, 2016 8:14pm
Quoting marching
can anyone here confirm about Brexit on June?



All of the global superpowers hang out at FF...

This should surely Flush them out of their incognito/anonymous nicks!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,475
  • Apr 25, 2016 10:38pm Apr 25, 2016 10:38pm
Quoting marching
can anyone here confirm about Brexit on June? If confirm, GBP will become stronger currencies than USD.. Bearish just a little pips.. Always Bullish...
there are minimum chances of Brexit, as surveys are showing increasing %age of those who wish to stay, Obama's statement also has an impact on remaining in EU
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #429,476
  • Apr 25, 2016 10:50pm Apr 25, 2016 10:50pm
Morning all
Breakout figures are this

UPSIDE: Daily R1 4515 target Daily R2 4665

DOWNSIDE (bias): 20ma on 30min chart 4490 target 4441, possibly weekly PIVOT at 4329
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Forex, awful to watch, AWESOME to play
  • #429,477
  • Edited Apr 26, 2016 12:04am Apr 25, 2016 11:35pm | Edited Apr 26, 2016 12:04am
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  • #429,478
  • Apr 26, 2016 12:07am Apr 26, 2016 12:07am
Quoting Magix
{quote} I can feel a quivering lip from here. lol Pick up a sense of humor, dude. Geez! (Almost) everybody here knows I'm an asshole, already.
  • #429,479
  • Apr 26, 2016 12:25am Apr 26, 2016 12:25am
Quoting PatienceFx
{image} {image}
blundered, reversed positions
  • #429,480
  • Apr 26, 2016 12:33am Apr 26, 2016 12:33am
final leg of the swing higher, but it's just started, push through to 4560-80 and then we shall see.
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