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Cable Update (GBPUSD)

  • #434,181
  • Jul 7, 2016 1:46am Jul 7, 2016 1:46am
Aside from bullish corrections, I feel the Pound will suffer for next 12 months down to 1.08s' - 1.07s'...
Come with me if you want to live....
  • #434,182
  • Jul 7, 2016 2:08am Jul 7, 2016 2:08am
Quoting Ill-b-back
Aside from bullish corrections, I feel the Pound will suffer for next 12 months down to 1.08s' - 1.07s'...

Quite agree.
Artist lead and hacks ask for a show of hands.
  • #434,183
  • Jul 7, 2016 2:15am Jul 7, 2016 2:15am
Quoting Bones
half day is a pin ,price is diverging ,one good thing is this is really moving range wise ,my reading data would need to be super good USD for rise given situ Wall Streets odds have reversed since the Brexit vote. Wall Street is betting Brexit will change the minds of the Janet Yellen and the Federal Reserve. The probability of a federal funds rate hike at the Feds next three monthly meetings has collapsed to 0%, and traders are assigning a less than 8% chance of a rate increase at all this year. {image}
Hi man, I have seen that you use prorealtime for forex. I have used it only for stocks.
Shall what has brang you to prefer it to MT4/5 for forex ?

Thank you
  • #434,184
  • Jul 7, 2016 2:43am Jul 7, 2016 2:43am
Quoting Ill-b-back
Aside from bullish corrections, I feel the Pound will suffer for next 12 months down to 1.08s' - 1.07s'...
Agree. We'll see this Brexit. Either down or Up. Mostly down. Probably 1.18.
  • #434,185
  • Jul 7, 2016 2:54am Jul 7, 2016 2:54am
Quoting frx_trader
{quote} Agree. We'll see this Brexit. Either down or Up. Mostly down. Probably 1.18.
I wish I can sell it from the top of everest. So what is the market condition for GU intraday? shall i hold my sell? GBP Manufacturing production could be drop the pound price with USD. Brexit effect will take a years to happen.
Artist lead and hacks ask for a show of hands.
  • #434,186
  • Jul 7, 2016 3:01am Jul 7, 2016 3:01am
Super 3 blastoff
Founder of Sutherland Wave Principle
  • #434,187
  • Jul 7, 2016 3:08am Jul 7, 2016 3:08am
Quoting al_yaqen
{quote} I wish I can sell it from the top of everest. So what is the market condition for GU intraday? shall i hold my sell? GBP Manufacturing production could be drop the pound price with USD. Brexit effect will take a years to happen.
I don't know. But I guess 1.34/35 should be top. And 1.25/24 should be low.

Other than that, it depends on a lot of things.
  • #434,188
  • Jul 7, 2016 3:36am Jul 7, 2016 3:36am
Quoting hippiedog
Good morning everybody. Time to buy some more. Looking for price to close over 10ema on 1H TP 100ema.See where this goes toward freakout Friday. (NFP)
Will consider moving from 1H to 4H should 4H close over Kaufman's adaptive EMA setting 20 I will look for price to continue to Kaufman's adaptive EMA setting 50 on the 4H.Green pips.
Still holding all dailys to TP upper band on Bollinger bands setting 20/1.
FREEDOM IS SECURITY.
  • #434,189
  • Edited 8:08am Jul 7, 2016 3:48am | Edited 8:08am
What do you think about a possible bullish triangle with TP: 1.3120 ?
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  • #434,190
  • Jul 7, 2016 3:50am Jul 7, 2016 3:50am
With good manufacturing and Industrial figures just out I see Cable regaining 3000 and beyond but cable being cable anything can happen....LOL

At the moment buying fuels been exhausted so have to wait and see...
Don't Leave Money on the Table
  • #434,191
  • Jul 7, 2016 3:51am Jul 7, 2016 3:51am
1.30 As the wall. 1.32 passes. If you do not 1.25
  • #434,192
  • Jul 7, 2016 4:00am Jul 7, 2016 4:00am
Looking to sell again in H4 zone:
Attached Image (click to enlarge)
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Fix up, trade sharp ...
  • #434,193
  • Jul 7, 2016 4:11am Jul 7, 2016 4:11am
Quoting Hickson
Looking to sell again in H4 zone: {image}
Hey Hickson

I got a question for you: So your looking to short the Pound at the 3200 area. When I see traders post charts and ideas like that one I always think to myself "Why don't they 'Buy' the market, make 200 pips and then go short when it hits their strike price for shorting the market?".

Is it a case of being a top down trader or are you already buying Pound right now?
Don't Leave Money on the Table
  • #434,194
  • Jul 7, 2016 4:44am Jul 7, 2016 4:44am
Quoting HaLBot
{quote} Hey Hickson I got a question for you: So your looking to short the Pound at the 3200 area. When I see traders post charts and ideas like that one I always think to myself "Why don't they 'Buy' the market, make 200 pips and then go short when it hits their strike price for shorting the market?". Is it a case of being a top down trader or are you already buying Pound right now?
I trade in a similar fashion. For me, certain areas appear excellent trading opportunities (if and/or when) market gets there. IF price gets to Hicksons sell area, I would sell also. BUT, WILL it get there? If it does, will it go there from here? or will market take another 200 pip joy ride south first before deciding to reverse and retest the highlighted resistance area?
Come with me if you want to live....
  • #434,195
  • Jul 7, 2016 4:49am Jul 7, 2016 4:49am
Quoting HaLBot
{quote} Hey Hickson I got a question for you: So your looking to short the Pound at the 3200 area. When I see traders post charts and ideas like that one I always think to myself "Why don't they 'Buy' the market, make 200 pips and then go short when it hits their strike price for shorting the market?". Is it a case of being a top down trader or are you already buying Pound right now?
May I interrupt? It depends on your setup and margin.

1. After brexit the retracement didnt work accordingly for GU. Look at EU after Brexit and look at GU. GU didnt retrace even 50% but EU did. Any bounce from GU will give advantage to sell back from top.

2. Market move respectively to UK and US time. We can see when Euro is open, it will give strength to euro and when US is open dollar will strong. You can see clearly how it form in 1h timeframe.

3. Now is BOE is operating, should consider to buy a bit, and sell back at top.
Artist lead and hacks ask for a show of hands.
  • #434,196
  • Jul 7, 2016 5:32am Jul 7, 2016 5:32am
Quoting Ill-b-back
{quote} I trade in a similar fashion. For me, certain areas appear excellent trading opportunities (if and/or when) market gets there. IF price gets to Hicksons sell area, I would sell also. BUT, WILL it get there? If it does, will it go there from here? or will market take another 200 pip joy ride south first before deciding to reverse and retest the highlighted resistance area?
Cheers M8....
Don't Leave Money on the Table
  • #434,197
  • Jul 7, 2016 5:33am Jul 7, 2016 5:33am
Quoting al_yaqen
{quote} May I interrupt? It depends on your setup and margin. 1. After brexit the retracement didnt work accordingly for GU. Look at EU after Brexit and look at GU. GU didnt retrace even 50% but EU did. Any bounce from GU will give advantage to sell back from top. 2. Market move respectively to UK and US time. We can see when Euro is open, it will give strength to euro and when US is open dollar will strong. You can see clearly how it form in 1h timeframe. 3. Now is BOE is operating, should consider to buy a bit, and sell back at top.
Cheers M8....
Don't Leave Money on the Table
  • #434,198
  • Jul 7, 2016 5:34am Jul 7, 2016 5:34am
come on gb 2992 ish is my watch number and 3002
  • #434,199
  • Jul 7, 2016 5:37am Jul 7, 2016 5:37am
Quoting HaLBot
{quote} Hey Hickson I got a question for you: So your looking to short the Pound at the 3200 area. When I see traders post charts and ideas like that one I always think to myself "Why don't they 'Buy' the market, make 200 pips and then go short when it hits their strike price for shorting the market?". Is it a case of being a top down trader or are you already buying Pound right now?
Hi HaLBot, simply because for me the risk of buying is too high because it could just dive more without ever seeing 1.32 again. So if I want to sell, why should I buy?
Fix up, trade sharp ...
  • #434,200
  • Jul 7, 2016 5:38am Jul 7, 2016 5:38am
Grabbed 119.6 pippa roonies today...


Sell for 5.4
Buy for 40.1
Buy for 37.6
Buy for 36.5

These were all trades I've had on for a couple of days....
Don't Leave Money on the Table
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