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Cable Update (GBPUSD)

  • #432,001
  • Jun 7, 2016 8:42pm Jun 7, 2016 8:42pm
Cable today Maybe????
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 25 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #432,002
  • Jun 7, 2016 8:44pm Jun 7, 2016 8:44pm
Quoting iamawaited
Cable today Maybe???? {image}
between the target T2 to T3 - IMO
Libenter homines id quod volunt credunt
  • #432,003
  • Jun 7, 2016 9:01pm Jun 7, 2016 9:01pm
Quoting baliprada
{quote} between the target T2 to T3 - IMO
i see it reaching 1.4684 before it retraces downwards then goes up to 1.477X. lets see. if it goes lower i will keep increasing my buying lots.
Trading Eternal...... Shiny & Chrome!!!!
  • #432,004
  • Jun 7, 2016 9:18pm Jun 7, 2016 9:18pm
Quoting iamawaited
{quote} i see it reaching 1.4684 before it retraces downwards then goes up to 1.477X. lets see. if it goes lower i will keep increasing my buying lots.
I also hope to 1.472xx perhaps next few days, market very difficult to predict for the daily, I used to trade pending orders at any particular level, the only difference being the number of lots in each level, avoiding rise or fall dramatically without cause...

Good luck
Libenter homines id quod volunt credunt
  • #432,005
  • Jun 7, 2016 10:54pm Jun 7, 2016 10:54pm
At the moment all time frames up to the Daily chart are looking good for a push higher and if there is a 'risk on' environment in the equity markets we could see a pre UK news rally to the 4630 area or depending on momentum up to yesterdays Asian spike of 4656...
'Risk of' I see it drifting lower but supported by UK news before heading down or if news is positive then on to 4600 and beyond...
As others have commented the Daily 200sma is at 4730...
Don't Leave Money on the Table
  • #432,006
  • Jun 7, 2016 11:39pm Jun 7, 2016 11:39pm
almost all currencies quiet ... hibernation
Libenter homines id quod volunt credunt
  • #432,007
  • Jun 8, 2016 12:17am Jun 8, 2016 12:17am
Will return to the previous reversal area ...?

30Min TF
Attached Image (click to enlarge)
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Libenter homines id quod volunt credunt
  • #432,008
  • Jun 8, 2016 12:28am Jun 8, 2016 12:28am
Medium term 240Min TF

Honestly I still don't know if the GBPUSD will go in the short term or medium term...
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Click to Enlarge Name: GBPUSD-08062016-MT.jpg Size: 62 KB
Libenter homines id quod volunt credunt
  • #432,009
  • Jun 8, 2016 12:47am Jun 8, 2016 12:47am
Quoting baliprada
Medium term 240Min TF Honestly I still don't know if the GBPUSD will go in the short term or medium term... {image}
What's for certain is that in 45 minutes with UK news coming out you'll have your answer...
Don't Leave Money on the Table
  • #432,010
  • Jun 8, 2016 12:54am Jun 8, 2016 12:54am
hati bagi sapa yang dok BUY tu..
GU kemungkinan terjun pi (down to) ke nomok cun 1.4343

ntah betul, tidak
  • #432,011
  • Jun 8, 2016 12:57am Jun 8, 2016 12:57am
Quoting iamawaited
{quote} Missed out again today because of impatience... if it comes down i will increase my buy lots. But for now EJ Martingale Sell?? {image}
betoi dah ni.....
  • #432,012
  • Jun 8, 2016 12:58am Jun 8, 2016 12:58am
Quoting HaLBot
{quote} What's for certain is that in 45 minutes with UK news coming out you'll have your answer...
Based on the chart, I hope the movement some time to come still in the area of short-term, I do not just rely on charts, but also the number of lots in each level (hedging), too much risk for me if I am trading without hedging. My trading based on trends and areas in the chart ....
Libenter homines id quod volunt credunt
  • #432,013
  • Jun 8, 2016 1:00am Jun 8, 2016 1:00am
So what was that sudden drop in price, a fat finger, a long squeeze or just for heck of it....
Don't Leave Money on the Table
  • #432,014
  • Jun 8, 2016 1:01am Jun 8, 2016 1:01am
Quoting Don96
{quote} media controlled - Germany controls the EU - UK fought for independence and from a takeover by Germany in two world wars, now they are letting it happen by remaining in the EU. besides pound since 1973 has done nothing but decline in value, prior to 1973 it was 2.5+ against the dollar, everyone is shitting their pant because they are scared of what MIGHT happen to the EU - domino effect etc, blah blah
One small action is all it takes right

www.youtube.com/watch?v=aqJdtc7CvtM
  • #432,015
  • Jun 8, 2016 1:06am Jun 8, 2016 1:06am
Quoting baliprada
{quote} Based on the chart, I hope the movement some time to come still in the area of short-term, I do not just rely on charts, but also the number of lots in each level (hedging), too much risk for me if I am trading without hedging. My trading based on trends and areas in the chart ....
I don't mind hedging, I do it all the time because I hate being stop hunted but the problem with hedging is it adds layers of decision making to your trading and in a short amount of time can get very complicated.....
Don't Leave Money on the Table
  • #432,016
  • Jun 8, 2016 1:12am Jun 8, 2016 1:12am
Quoting HaLBot
So what was that sudden drop in price, a fat finger, a long squeeze or just for heck of it....
a few examples, I take long 4 lots at 1.40000, short 3 lots at 1.40100 and 1 long at 1.40100, 1.40200 long in one lot, and a short 3 short at 1.40200. if it turns out directions only to 1.40050 continue to fall, I did the opposite position. Of course I had to create a simulation to deal with the situation before I make a pending order
Libenter homines id quod volunt credunt
  • #432,017
  • Jun 8, 2016 1:14am Jun 8, 2016 1:14am
Quoting dean1star
{quote} One small action is all it takes right www.youtube.com/watch?v=aqJdtc7CvtM
good - I hope that big fucker lands on some other stupid fuckers heads
  • #432,018
  • Jun 8, 2016 1:40am Jun 8, 2016 1:40am
Quoting tomie
{quote} betoi dah ni.....
what does that mean???
Trading Eternal...... Shiny & Chrome!!!!
  • #432,019
  • Jun 8, 2016 1:42am Jun 8, 2016 1:42am
The UK figures out just now are outstanding and should send Cable a lot higher, but checking on the news out there some traders rattled by yesterdays big swings are staying on the sidelines....
Don't Leave Money on the Table
  • #432,020
  • Jun 8, 2016 1:45am Jun 8, 2016 1:45am
Positive industrial output surprise in the UK
That reading helped the GBP but obviously the currency is going to be mostly under influence of polls in the nearest future.
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