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Cable Update (GBPUSD)

  • #429,481
  • Apr 26, 2016 2:36am Apr 26, 2016 2:36am
Quoting asgcorp
don't know bro my take time is not up yet for the top, fact is we can see more of the same here's H1 just basics here {image}
fairly clean setup on H1 cable does same over and over again when it's in evil push mode.
Attached Image (click to enlarge)
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  • #429,482
  • Apr 26, 2016 2:42am Apr 26, 2016 2:42am
staying long on this one ..
  • #429,483
  • Apr 26, 2016 2:46am Apr 26, 2016 2:46am
Quoting Don96
{quote} I may have 1.45812 next for normal bull target
I'm starting to get quite a few levels round here, this one stands out slightly atm
  • #429,484
  • Apr 26, 2016 3:05am Apr 26, 2016 3:05am
dollar weakness is surprising right now since EUR USD is stuck.
  • #429,485
  • Apr 26, 2016 3:08am Apr 26, 2016 3:08am
one thing I have noticed with big market players, they tend to play with your mind because that is where the money is once they can mess your mind up your trade will be too easy for them to get your small capital ,still making them the big players. stick to your plan whether you lose or win. when you notice you want to change your plan that is when the market goes in your favour but has a trader look at the long time profit and not short one because that how big players play.
  • #429,486
  • Apr 26, 2016 3:22am Apr 26, 2016 3:22am

  1. GBPUSD orders 26 April
    April 26, 2016 Currently 1.4538 after triggering stops to 1.4546 Offers nearby at 1.4550 and more into 1.4600 Expect demand now between 1.4500-20. Keep an eye on EURGBP as always.

  • #429,487
  • Apr 26, 2016 3:31am Apr 26, 2016 3:31am
Quoting PatienceFx
GBPUSD orders 26 April April 26, 2016 Currently 1.4538 after triggering stops to 1.4546 Offers nearby at 1.4550 and more into 1.4600 Expect demand now between 1.4500-20. Keep an eye on EURGBP as always.
all trades closed 4550
  • #429,488
  • Apr 26, 2016 3:50am Apr 26, 2016 3:50am
Quoting Don96
{quote} I'm starting to get quite a few levels round here, this one stands out slightly atm
​swing drawn isn't the clearest for me but 1.4572 may be good for some shorts perhaps/1.4618x
  • #429,489
  • Apr 26, 2016 3:55am Apr 26, 2016 3:55am
Todays Long trades Gbp/Usd[attach]1913748
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  • #429,490
  • Apr 26, 2016 4:06am Apr 26, 2016 4:06am
Quoting asgcorp
final leg of the swing higher, but it's just started, push through to 4560-80 and then we shall see.
I'm waiting at 4587 for first short
Come with me if you want to live....
  • #429,491
  • Apr 26, 2016 4:19am Apr 26, 2016 4:19am
Peace! You don't need to disappear for anybody. You both (Magix and I'll-b-back) have something to contribute to FF. Lol

KP

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..
Do your homework, follow the footprints of smart money
  • #429,492
  • Apr 26, 2016 4:19am Apr 26, 2016 4:19am
Quoting pet
{quote} anyone still bearish on this pair should be very cautious as fresh breath of bullish air keeps flowing in and big possibility to target 1.4547, 1.4871, 1.4930 and prob more, just a few confirmation needed to confirm this, first above 1.4465 will siubmit the motion of strength and display to the bears of the type artillery the bulls have taken to this fight, will update when it is confirmed imho currently looking to start adding more longs with cheap entries as always

before(18th april) and now(today)
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH4(1).png Size: 48 KB
  • #429,493
  • Apr 26, 2016 4:28am Apr 26, 2016 4:28am
Quoting Ill-b-back
{quote} I'm waiting at 4587 for first short
Price action like this makes you wonder if those big boys know something that we don't.

Buy the rumour sell the fact seems to be too easy to be true.
  • #429,494
  • Apr 26, 2016 4:47am Apr 26, 2016 4:47am
Quoting Darkforce
{quote} Price action like this makes you wonder if those big boys know something that we don't. Buy the rumour sell the fact seems to be too easy to be true.
Oh I'm sure they know something we don't, with the fed run by private profit driven banks, how can they not?
I doubt very much there will be a rate rise this week, it would be ludicrous for the market to offer us all such wonderful entries at these dizzy heights. It's just being priced in before the release.
More like no rate rise, a small Yellen spike, then hammer time as Cable policy driven buy orders are soaked up.

That's my thoughts anyway, seen it time and time again on this pair
Come with me if you want to live....
  • #429,495
  • Apr 26, 2016 4:47am Apr 26, 2016 4:47am
Making sense of the market can be difficult. Patience to wait and trade the pa we see on our platform is key.

KP
Do your homework, follow the footprints of smart money
  • #429,496
  • Apr 26, 2016 4:47am Apr 26, 2016 4:47am
Quoting Davit
{quote} stay on sidelines until weds.Best trades are when you can take advantage of extreme volatility. Got nothing going and most likely won't enter the markets until Feds open their cards
this is actually a very solid plan.
  • #429,497
  • Apr 26, 2016 4:51am Apr 26, 2016 4:51am
I totally forgot about the FOMC statement. Again. I already have a long position and I'll likely keep it in open for now, but I might close in the evening. We'll see.
  • #429,498
  • Apr 26, 2016 4:57am Apr 26, 2016 4:57am
Quoting Ill-b-back
{quote} Oh I'm sure they know something we don't, with the fed run by private profit driven banks, how can they not? I doubt very much there will be a rate rise this week, it would be ludicrous for the market to offer us all such wonderful entries at these dizzy heights. It's just being priced in before the release. More like no rate rise, a small Yellen spike, then hammer time as Cable policy driven buy orders are soaked up. That's my thoughts anyway, seen it time and time again on this pair
My thoughts too. I prepare to sell above 1.4550 anyway. But I want to see the statement first.

If Fed provide any clue for a June hike then USD will strengthen just like what happened before Dec 2015. Plus when focus shifts back to GBP side of story, i.e. Brexit and so on, GBP should weaken. This will give us a weaker GBPUSD. Possible another dip below 1.4000
  • #429,499
  • Apr 26, 2016 5:01am Apr 26, 2016 5:01am
Quoting Darkforce
{quote} My thoughts too. I prepare to sell above 1.4550 anyway. But I want to see the statement first. If Fed provide any clue for a June hike then USD will strengthen just like what happened before Dec 2015. Plus when focus shifts back to GBP side of story, i.e. Brexit and so on, GBP should weaken. This will give us a weaker GBPUSD. Possible another dip below 1.4000
Yep, exactly, as long as the rate rise carrot remains on the table, it will be too tempting to miss out
Come with me if you want to live....
  • #429,500
  • Apr 26, 2016 5:02am Apr 26, 2016 5:02am
anyway, I'm off to work for a bit
Come with me if you want to live....
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