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Cable Update (GBPUSD)

  • #431,601
  • May 31, 2016 12:07am May 31, 2016 12:07am
Long to 1.4665
The only true wisdom is in knowing you know nothing.
  • #431,602
  • May 31, 2016 12:15am May 31, 2016 12:15am
Quoting aarontan
Long to 1.4665
Mehh stopped out -15
The only true wisdom is in knowing you know nothing.
  • #431,603
  • Edited 12:39am May 31, 2016 12:17am | Edited 12:39am
Quoting aarontan
{quote} Mehh stopped out -15
make it back on the retrace....can't imagine this is going to keep falling plus strong support at 4600

I'm long at 4624, nikkei heading north again and eur/gbp of it's highs
Don't Leave Money on the Table
  • #431,604
  • May 31, 2016 1:00am May 31, 2016 1:00am
This could be reason for 140 pip drop....

http://www.fxstreet.com/news/gbp-usd...s-201605310756
Don't Leave Money on the Table
  • #431,605
  • May 31, 2016 1:09am May 31, 2016 1:09am
Quoting HaLBot
This could be reason for 140 pip drop.... http://www.fxstreet.com/news/gbp-usd...s-201605310756
There is no reason explained here...
TE started 6/4/19
  • #431,606
  • May 31, 2016 1:10am May 31, 2016 1:10am
Quoting HaLBot
{quote} make it back on the retrace....can't imagine this is going to keep falling plus strong support at 4600 I'm long at 4624, nikkei heading north again and eur/gbp of it's highs
Bugger forgot it was end of month...I still think it will head higher but everything I thought today has been wrong...LOL
Don't Leave Money on the Table
  • #431,607
  • May 31, 2016 1:11am May 31, 2016 1:11am
Quoting Marz30
{quote} There is no reason explained here...
Spot has surrendered over a cent since overnight tops around 1.4720, coming back to the 1.4600 region following rebalancing month-end flows and some sort of recovery of the US dollar.
Don't Leave Money on the Table
  • #431,608
  • May 31, 2016 1:28am May 31, 2016 1:28am
Quoting HaLBot
{quote} Spot has surrendered over a cent since overnight tops around 1.4720, coming back to the 1.4600 region following rebalancing month-end flows and some sort of recovery of the US dollar.
Thats not the reason it dropped thats just a typical comment by an economist after its happened.
20 Pips a day keeps centerlink away
  • #431,609
  • May 31, 2016 1:29am May 31, 2016 1:29am
Quoting PaulDaemon
{quote} Thats not the reason it dropped thats just a typical comment by an economist after its happened.
NP what is the reason then, bulls exhausted and bears taking advantage?
Don't Leave Money on the Table
  • #431,610
  • May 31, 2016 1:36am May 31, 2016 1:36am
I think we will be going into buy zone in some hour time
  • #431,611
  • May 31, 2016 1:39am May 31, 2016 1:39am
Quoting HaLBot
{quote} NP what is the reason then, bulls exhausted and bears taking advantage?
Cross reference USD with other pairs, I think its got nothing to do with the USD gaining strength today.
20 Pips a day keeps centerlink away
  • #431,612
  • May 31, 2016 1:41am May 31, 2016 1:41am
Quoting PaulDaemon
{quote} Cross reference USD with other pairs, I think its got nothing to do with the USD gaining strength today.
I agree on that score as USD was falling against Yen when that story came out but did think end of month flows had something to do with it?
Don't Leave Money on the Table
  • #431,613
  • May 31, 2016 1:45am May 31, 2016 1:45am
Quoting HaLBot
{quote} I agree on that score as USD was falling against Yen when that story came out but did think end of month flows had something to do with it?
Those annalists just got to say something to make it look like they are doing their job but in reality they know, no more than you or I.
20 Pips a day keeps centerlink away
  • #431,614
  • May 31, 2016 1:47am May 31, 2016 1:47am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM3030.png Size: 53 KB
20 Pips a day keeps centerlink away
  • #431,615
  • May 31, 2016 1:48am May 31, 2016 1:48am
Quoting PaulDaemon
{quote} Those annalists just got to say something to make it look like they are doing their job but in reality they know, no more than you or I.
Don't Leave Money on the Table
  • #431,616
  • May 31, 2016 1:49am May 31, 2016 1:49am
abc 1:1
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4.gif Size: 191 KB
  • #431,617
  • May 31, 2016 1:50am May 31, 2016 1:50am
Quoting pet
{quote} before(18th april) and now(today) {image} {image}

Remember this? I recommended some people to go through my old charts but they said it was too much of a bother, no more spoon-feeding, this business is not for the weak..

Look at the chart below and just extend the top yellow of the channel and see .. viola what do we have here and where is this pair going, well it's always been there before your eyes...

WHEN WAS THIS CHART AND ANALYSIS FIRST POSTED ON FF....LOL

..ENJOY
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily(5).png Size: 43 KB
  • #431,618
  • May 31, 2016 1:54am May 31, 2016 1:54am
Quoting pet
{quote} Remember this? I recommended some people to go through my old charts but they said it was too much of a bother, no more spoon-feeding, this business is not for the weak.. Look at the chart below and just extend the top yellow of the channel and see .. viola what do we have here and where is this pair going, well it's always been there before your eyes... WHEN WAS THIS CHART AND ANALYSIS FIRST POSTED ON FF....LOL ..ENJOY {image}
How do you guys get good at charting? Does it take a lot of practice or is it something you just understand?
Don't Leave Money on the Table
  • #431,619
  • May 31, 2016 2:11am May 31, 2016 2:11am
Eur/Gbp looking like it's just about to fall over.....could be wrong like everything else today

But saying that I've still made money.....
Don't Leave Money on the Table
  • #431,620
  • May 31, 2016 2:30am May 31, 2016 2:30am
Long at 1.4598
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-05-31 at 5.30.05 AM.png Size: 308 KB
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