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Cable Update (GBPUSD)

  • #434,081
  • Jul 5, 2016 11:26am Jul 5, 2016 11:26am
Quoting baldmonk
{quote} ha ha, just tried, pocketed some green pips, thanks, hippiedog... with so much uncertainty, m1 scalping ftw
Ha, excellent.Manipulate the strategy to your liking.I hope you don't kill any accounts trading this style.Green pips.
FREEDOM IS SECURITY.
  • #434,082
  • Jul 5, 2016 11:30am Jul 5, 2016 11:30am
Quoting hippiedog
{quote} Ha, excellent.Manipulate the strategy to your liking.I hope you don't kill any accounts trading this style.Green pips.
im still a very green newbie, did put a s/l on the trade,

also pm on the way
  • #434,083
  • Edited 4:47pm Jul 5, 2016 11:51am | Edited 4:47pm
Quoting Fader123
Cable appears to be off overnight I think Leadsom will get in plus most of the MPs if it goes to a vote in the the C ommons will ratify Brexit PM services out this morning estimate seems a bit high If it's anything like Construction we are in for a bad morning Then Carney a speech I am expecting more of what we had in his last speech with obviously a bias towards the banks So I am not too positive towards Cable this morning It might pull back a bit That's what i think anyway
Thought it might come off
Pullback was after poor PMI services
Then NY traders jumped on Carney s pessimism and sold it further
Might come off during the Asian session after his comment but be careful
BOE telling the world the UK economy is stuffed tends not to fill overseas investors with confidence
  • #434,084
  • Jul 5, 2016 12:02pm Jul 5, 2016 12:02pm
Quoting hippiedog
{quote} 4th position placed 1.30144
Closed all, 58pips profit overall.Today's work done in a few hours.Green pips.
FREEDOM IS SECURITY.
  • #434,085
  • Jul 5, 2016 12:53pm Jul 5, 2016 12:53pm
by keeping your main trade let's say 10 lots when the price looks like it's shorting you scalp in to what looks like a bottom then add your next trade and do the same . When you get to a bottom you find your self cashing in your trades that were left hanging
  • #434,086
  • Jul 5, 2016 3:29pm Jul 5, 2016 3:29pm
Is the bear party over?
M5:
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M15:
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H1:
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Demo only
  • #434,087
  • Jul 5, 2016 4:02pm Jul 5, 2016 4:02pm
GBPUSD took out Brexit lows and made new lows . This was expected and we traded it successfully. There is considerable negative momentum on daily and weekly charts which give strong odds for lower prices which we'll be looking to trade.




As far as how low it could go , we are in unknown territory though from momentum readings a move down to 1.22 over the next 16 weeks is what we are estimating right now.

For immediate trades, look to short bounces in the 1.31 - 1.32 range over the next few days.

Live trades will be available as always in the FX Desk Pro trade explorer
  • #434,088
  • Jul 5, 2016 4:20pm Jul 5, 2016 4:20pm
Quoting Ill-b-back
A retest would be a good sell to 1.3 I think {image}
No retrace, No retrace

Watching fib ext at 1.2712 next common retest area for signs of a bounce
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Come with me if you want to live....
  • #434,089
  • Jul 5, 2016 4:26pm Jul 5, 2016 4:26pm
A look at the monthly chart targets the next trendline support. Maybe 1.2000-1.2200 or thereabouts... depending on when the line comes into play:
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check out my blog: forexmademillionaire dot com
  • #434,090
  • Jul 5, 2016 5:26pm Jul 5, 2016 5:26pm
Quoting Ill-b-back
{quote} No retrace, No retrace Watching fib ext at 1.2712 next common retest area for signs of a bounce {image} {image} {image}
Actually,not holding out much hope for that bounce (not a big one anyway).
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Come with me if you want to live....
  • #434,091
  • Jul 5, 2016 5:30pm Jul 5, 2016 5:30pm
Quoting Geppy
A look at the monthly chart targets the next trendline support. Maybe 1.2000-1.2200 or thereabouts... depending on when the line comes into play: {image}
thx Geppy, you got me thinking
Come with me if you want to live....
  • #434,092
  • Jul 5, 2016 5:43pm Jul 5, 2016 5:43pm
Quoting Andrewacid
https://www.poundsterlinglive.com/us...-credit-suisse Credit Suisse adjusted their 3 month forecast to 1.22. I wonder if by the end of the day we will see 1.3 ...
Looks like it got there.
  • #434,093
  • Jul 5, 2016 5:45pm Jul 5, 2016 5:45pm
Quoting Ill-b-back
{quote} thx Geppy, you got me thinking
True that lover
  • #434,094
  • Jul 5, 2016 5:48pm Jul 5, 2016 5:48pm
Quoting Ill-b-back
{quote} thx Geppy, you got me thinking
That's all I'm here for, brother

Quoting Squiggles
{quote} True that lover
OK, I lie... maybe some lover action too
check out my blog: forexmademillionaire dot com
  • #434,095
  • Jul 5, 2016 5:54pm Jul 5, 2016 5:54pm
Quoting Squiggles
{quote} True that lover
please tell me that was a translator issue....
Come with me if you want to live....
  • #434,096
  • Jul 5, 2016 5:56pm Jul 5, 2016 5:56pm
Quoting Geppy
{quote} That's all I'm here for, brother {quote} OK, I lie... maybe some lover action too
I'll have a quiet word to Sir Squiggles later to sort out any "misunderstandings" lol...
Come with me if you want to live....
  • #434,097
  • Jul 5, 2016 6:02pm Jul 5, 2016 6:02pm
Quoting Ill-b-back
{quote} I'll have a quiet word to Sir Squiggles later to sort out any "misunderstandings" lol...
easy up
  • #434,098
  • Jul 5, 2016 6:09pm Jul 5, 2016 6:09pm
here's how her maj looks in my neck of the woods
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  • #434,099
  • Jul 5, 2016 7:42pm Jul 5, 2016 7:42pm
Quoting Fader123
{quote} Thought it might come off Pullback was after poor PMI services Then NY traders jumped on Carney s pessimism and sold it further Might come off during the Asian session after his comment but be careful BOE telling the world the UK economy is stuffed tends not to fill overseas investors with confidence
Got 50 pips on Asian sell off- thanks Mark
Think limit orders and scalping are called for tomorrow
Good luck
  • #434,100
  • Jul 5, 2016 7:52pm Jul 5, 2016 7:52pm
more on the same topic:

http://www.vox.com/2016/7/5/12098156...n-venn-diagram
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When life gives you lemons, make lemonade
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