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Cable Update (GBPUSD)

  • #431,401
  • May 26, 2016 3:59am May 26, 2016 3:59am
it interesting to see like 146 viewing and only few talking on this forum
  • #431,402
  • May 26, 2016 4:01am May 26, 2016 4:01am
Quoting adetola99
it interesting to see like 146 viewing and only few talking on this forum
happens all the time, I'd wish more would add imput
Don't Leave Money on the Table
  • #431,403
  • May 26, 2016 4:03am May 26, 2016 4:03am
Quoting HaLBot
{quote} I was laughing cause thought you were waiting for the drop and made you happy?
nope, the fucker will get me b.e, I'm waiting for 1.4743
  • #431,404
  • May 26, 2016 4:04am May 26, 2016 4:04am
I'm cautious of this area even as we move into weekly resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 27 KB
Come with me if you want to live....
  • #431,405
  • May 26, 2016 4:12am May 26, 2016 4:12am
Quoting Don96
{quote} nope, the fucker will get me b.e, I'm waiting for 1.4743
any minute now
  • #431,406
  • May 26, 2016 4:12am May 26, 2016 4:12am
which session do you like" Trading Asian and London session ?" I read up an article that says it paid to trade Asian session before moving to your choice trading time because you make more pips.
  • #431,407
  • May 26, 2016 4:14am May 26, 2016 4:14am
Quoting adetola99
which session do you like" Trading Asian and London session ?" I read up an article that says it paid to trade Asian session before moving to your choice trading time because you make more pips.
have a look at the range during asia compared to Europe (UK) or US (NY) and then take a look at when these two overlap....
  • #431,408
  • May 26, 2016 4:15am May 26, 2016 4:15am
Quoting adetola99
which session do you like" Trading Asian and London session ?" I read up an article that says it paid to trade Asian session before moving to your choice trading time because you make more pips.
I think if you trade gbp/jpy you'll make good pips in Asian session but I find gbp/usd better in London and US sessions, also I'm generally working here in Australia during Asian session...
Don't Leave Money on the Table
  • #431,409
  • May 26, 2016 4:16am May 26, 2016 4:16am
Quoting adetola99
which session do you like" Trading Asian and London session ?" I read up an article that says it paid to trade Asian session before moving to your choice trading time because you make more pips.
If I'm to trade this pair - GBP/USD that is - I'd be trading it during the London session, it's most active during that period. Besides, usually I am too sleepy during the Asian session to trade.
  • #431,410
  • May 26, 2016 4:17am May 26, 2016 4:17am
the market in a range now
  • #431,411
  • May 26, 2016 4:17am May 26, 2016 4:17am
market makers are hunting stops, price again goes up
Failure is not failure if you learn from it...
  • #431,412
  • May 26, 2016 4:19am May 26, 2016 4:19am
Quoting adetola99
which session do you like" Trading Asian and London session ?" I read up an article that says it paid to trade Asian session before moving to your choice trading time because you make more pips.
London session all the way for cable, as it's when the bulk of the moves occur, when the pair is the most liquid and when macro data is released. Nothing to be gained from trading the pair during the Asian session, save for the odd exceptional time.
  • #431,413
  • May 26, 2016 4:21am May 26, 2016 4:21am
Fake sell signal again
  • #431,414
  • May 26, 2016 4:22am May 26, 2016 4:22am
Just a long-term view on GU, some supply demand view could justify it.

Regarding UK GDP, it is losing steam, still better than EZ but weaker than US. Obviously these are long-term trends and take 6 month or a year to show itself smoothly. So should not expect a single GDP data change big trends, unless we looking at shorter time frames.

Attached Image (click to enlarge)
Click to Enlarge Name: 20160526 GBPUSD 1d longT trend wave count.png Size: 33 KB
...
  • #431,415
  • May 26, 2016 4:26am May 26, 2016 4:26am
what about AUDUSD ,NZDUSD and USDJPY in Asian session or which pair will you choice for Asian session
  • #431,416
  • May 26, 2016 4:28am May 26, 2016 4:28am
Quoting suneth2
market makers are hunting stops, price again goes up
So think I.
  • #431,417
  • May 26, 2016 4:33am May 26, 2016 4:33am
Quoting suneth2
market makers are hunting stops, price again goes up
that forex trading for you when you win another trader is losing that why is good to always keep your A game tight
  • #431,418
  • May 26, 2016 4:33am May 26, 2016 4:33am
Quoting arasheed
{quote} Are they playing mischief to clear stops and then move forward. The news is not negative?
Maybe you're right arasheed, bulls could win this battle and take it higher again just have to wait and see, I need to have no bias and just trade what's happening.
Don't Leave Money on the Table
  • #431,419
  • May 26, 2016 4:34am May 26, 2016 4:34am
A weak print on the preliminary number for Business Investment, combined with in-line numbers for the rest of the release, was enough to take some of the wind out of this pair's sails.

Remains bullish above the below line.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 117 KB
  • #431,420
  • May 26, 2016 4:40am May 26, 2016 4:40am
Quoting adetola99
{quote} that forex trading for you when you win another trader is losing that why is good to always keep your A game tight
I think it's a bit more complicated than that, I have no problem taking money of of institutions worth 100s of millions or billions, they can give me a little bit of money, won't even miss it as made a up in about 2 seconds worth of interest....LOL
Don't Leave Money on the Table
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