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Cable Update (GBPUSD)

  • #431,921
  • Jun 6, 2016 12:30pm Jun 6, 2016 12:30pm
Quoting iamawaited
So i chickened out of my USDCAD and AUDUSD Trades and they moved. Maybe a little more patience needed ehn?? Still expecting GU to hit that level 1.477x before a strong downtrend to crash this support 1.435X so we could go lower. Meanwhile i am about to be 300 pips awaited for today.....So far .. so cool. More pips Awaited!!! All my trades are on my Explorer. GL and Happy pippin all.
hey nice one trader and way to go ..
  • #431,922
  • Jun 6, 2016 12:42pm Jun 6, 2016 12:42pm
Cable has changed its direction rapidly, but it may stall at the 1.4500 level.
  • #431,923
  • Jun 6, 2016 1:04pm Jun 6, 2016 1:04pm
I've seen this pattern before ,what would drive it , I have no idea
early days ,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD (DFB).png Size: 29 KB
Click to Enlarge Name: 11 w1 US Dollar Basket (DFB).png Size: 36 KB
Click to Enlarge Name: 11 d1 US Dollar Basket (DFB).png Size: 43 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,924
  • Jun 6, 2016 1:20pm Jun 6, 2016 1:20pm
GU still with room to rise because gap was not filled yet
Attached Image (click to enlarge)
Click to Enlarge Name: gap.JPG Size: 39 KB
"You may say I am a dreamer .... but I am not the only one."
  • #431,925
  • Jun 6, 2016 5:02pm Jun 6, 2016 5:02pm
Quoting guesser
GU still with room to rise because gap was not filled yet {image}

...been chasing that mother pucker since 3am... not sure that the avarage timeframe on gbp/usd gap closing is... maybe you can enlighten me..?
  • #431,926
  • Jun 6, 2016 5:43pm Jun 6, 2016 5:43pm
Quoting Liquidsnake
{quote} ...been chasing that mother pucker since 3am... not sure that the avarage timeframe on gbp/usd gap closing is... maybe you can enlighten me..?
I think normally in a few hours or in the same day ... but not this case.

I think a possible scenario is a down move near 440 (before or after the gap close) and can be a possible good zone for buy some.
But the power in the daily says sell ... in a correction making an uptrend.

Just my view
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gap.JPG Size: 73 KB
Click to Enlarge Name: day.JPG Size: 77 KB
"You may say I am a dreamer .... but I am not the only one."
  • #431,927
  • Jun 6, 2016 5:47pm Jun 6, 2016 5:47pm
Chaneel + Double Bottom
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 40 KB
  • #431,928
  • Jun 6, 2016 6:15pm Jun 6, 2016 6:15pm
New poll out - YouGov

(UK) Latest Brexit poll: 43% for staying in EU, 42% to leave - YouGov Times poll
**NOTE June 5th: (UK) Latest Brexit poll: 41% for staying in EU, 45% to leave - YouGov Times poll

This has reversed current view - from Brexit to Remain

This is positive for Cable

However, Yellen is claiming that rates are going to go up, despite very poor NFP figures and also removed reference to "coming months"

On balance I would have to plump for a positive view on Cable
  • #431,929
  • Jun 6, 2016 10:42pm Jun 6, 2016 10:42pm
Well here is what i THINK.... The essence of this method is to be very aggressive trading what you are only willing to lose. So i open an account, trade it up to three times the size, take out all the profit 2:3 and trade this way. Just my 5 cents. here is the demo account shot.. Profit Factor of 401 ehn??? a work in progress....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1 hd.png Size: 36 KB
Click to Enlarge Name: Capture.PNG Size: 45 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #431,930
  • Jun 6, 2016 11:12pm Jun 6, 2016 11:12pm
what just happened, why the jump in Cable?????
Don't Leave Money on the Table
  • #431,931
  • Edited 11:25pm Jun 6, 2016 11:13pm | Edited 11:25pm
Quoting iamawaited
Well here is what i THINK.... The essence of this method is to be very aggressive trading what you are only willing to lose. So i open an account, trade it up to three times the size, take out all the profit 2:3 and trade this way. Just my 5 cents. here is the demo account shot.. Profit Factor of 401 ehn??? a work in progress.... {image} {image}
So i am already 663 pips awaited for today ehn??? Okay 1.477X calling... That stall level is holding so far as i talked about earlier
Trading Eternal...... Shiny & Chrome!!!!
  • #431,932
  • Jun 6, 2016 11:13pm Jun 6, 2016 11:13pm
Quoting HaLBot
what just happened, why the jump in Cable?????
Carney doesn't love you
L.S./M.F.T.
  • #431,933
  • Jun 6, 2016 11:14pm Jun 6, 2016 11:14pm
Quoting Lsmft
{quote} Carney doesn't love you


Seriously anybody know what just happened?
Don't Leave Money on the Table
  • #431,934
  • Jun 6, 2016 11:15pm Jun 6, 2016 11:15pm
I think just a short squeeze
  • #431,935
  • Jun 6, 2016 11:16pm Jun 6, 2016 11:16pm
Quoting Pooks
I think just a short squeeze
seems like a big move for short squeeze but gap filled now!!!
Don't Leave Money on the Table
  • #431,936
  • Jun 6, 2016 11:20pm Jun 6, 2016 11:20pm
Hahahahahaha! WTF, I had to log in and see if you guys knew something.
  • #431,937
  • Jun 6, 2016 11:22pm Jun 6, 2016 11:22pm
Quoting calderone
Hahahahahaha! WTF, I had to log in and see if you guys knew something.
almost 200 pips move and I kept thinking I should buy in, but being asian session kept putting it of....
Don't Leave Money on the Table
  • #431,938
  • Jun 6, 2016 11:23pm Jun 6, 2016 11:23pm
Quoting HaLBot
{quote} almost 200 pips move and I kept thinking I should buy in, but being asian session kept putting it of....
That will wake you up. Jeez!
  • #431,939
  • Jun 6, 2016 11:25pm Jun 6, 2016 11:25pm
Quoting calderone
Hahahahahaha! WTF, I had to log in and see if you guys knew something.
Yeah, they just decided to end the drama right now rather than drag it out. So they just went ahead and Brexited, to get it over with.... gone, just like that.
  • #431,940
  • Jun 6, 2016 11:28pm Jun 6, 2016 11:28pm
Quoting Ratmach
{quote} Yeah, they just decided to end the drama right now rather than drag it out. So they just went ahead and Brexited, to get it over with.... gone, just like that.
LOL
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