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Cable Update (GBPUSD)

  • #434,321
  • Jul 10, 2016 6:53pm Jul 10, 2016 6:53pm
Quoting csc2009
Pound continues to the downside with immediate strong support zone around 1.2780-1.2900, further decline might be expected if break the support zone.
rejection of 1.3 retest last week indicative of a further slide this week I think. Next ext. around 1.2710
Come with me if you want to live....
  • #434,322
  • Jul 10, 2016 9:48pm Jul 10, 2016 9:48pm
Plotting price without time indication in forex suggest that 1.3 level is a good buy target is 1.4
Attached Image (click to enlarge)
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There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #434,323
  • Jul 10, 2016 10:59pm Jul 10, 2016 10:59pm
Attached Image (click to enlarge)
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POUND has short balance and better will be if you will not play against big money. I'm waiting new low and it will have pulse fall
  • #434,324
  • Jul 10, 2016 11:46pm Jul 10, 2016 11:46pm
^^^^^
Exactly, check out GBPUSD position detail, the story is nearly always the same...
Come with me if you want to live....
  • #434,325
  • Jul 11, 2016 12:12am Jul 11, 2016 12:12am
Attached Image (click to enlarge)
Click to Enlarge Name: 11.07.jpg Size: 156 KB

I think Pound in level for open short. Target is new low.
  • #434,326
  • Jul 11, 2016 2:36am Jul 11, 2016 2:36am
Good morning traders! This is my supply / demand zones setup for today's trading. There is a nice volatility on GBP/USD from the beginning of this week, especially when London started trading. Let's see how and where we will bounce today..

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 12 KB

Attached File(s)
File Type: tpl gbpusd-M15_SR.tpl   3 KB | 345 downloads
Acta non verba
  • #434,327
  • Jul 11, 2016 2:53am Jul 11, 2016 2:53am
Quoting Ill-b-back
{quote} A new Government? The coalition were in Government before the election

Ok Ok Ok it's the old government re-elected, I did say incumbent....lol

I'm hoping when I say 'new' that maybe they might have learned something and might be better than what they were but Malcolm is still saying they have a mandate when they almost didn't get there.

I guess what we will get is a government determined to make sure the rich get richer, the poor get homeless and in the pockets of the mining and energy companies forever.......yeeehaaa what a future for Australia!!!
And totally sold out to The Americans, British, Japanese, Chinese etc etc etc etc.......

But the conservatives are not the only ones sold out to overseas interest......Julian Assange once said the Labour Party have been co opted by the CIA since the late 70s.....
Don't Leave Money on the Table
  • #434,328
  • Jul 11, 2016 2:55am Jul 11, 2016 2:55am
Quoting TradingLife
Good morning traders! This is my supply / demand zones setup for today's trading. There is a nice volatility on GBP/USD from the beginning of this week, especially when London started trading. Let's see how and where we will bounce today.. {image} {file}

Bounced off 2849 for 40 pips, but will it regain the 2950 area????? On the hourly it's not looking so good for such a recovery right now...

Nikkei has been going up which has been giving a boost to Cable over the last hour as I see it...
Don't Leave Money on the Table
  • #434,329
  • Jul 11, 2016 3:15am Jul 11, 2016 3:15am
Guessing the order of the day for Cable is 'sell the highs'.....
Don't Leave Money on the Table
  • #434,330
  • Jul 11, 2016 3:46am Jul 11, 2016 3:46am
Note that cable has not broken the low created since July 7 in spite of retests and the momentum downwards has remained weak. This seems to portend that a bullish move is in the offing imho. Trade safe.
Do your homework, follow the footprints of smart money
  • #434,331
  • Jul 11, 2016 3:52am Jul 11, 2016 3:52am
Rumours that Andrea Leadsom is poised to withdraw from the race to become the next leader of the Conservatives and, therefore, the next Prime Minister. Statement expected at 12:15. Sterling has jumped higher on this rumour, as it removes a layer from the huge amount of political uncertainty that exists.
  • #434,332
  • Jul 11, 2016 3:55am Jul 11, 2016 3:55am
Quoting HaLBot
{quote} Bounced off 2849 for 40 pips, but will it regain the 2950 area????? On the hourly it's not looking so good for such a recovery right now... Nikkei has been going up which has been giving a boost to Cable over the last hour as I see it...

I was saying......LOL

Normally I'd hate it being wrong like that but was able to close a short position and now closing in a buy I have on.....so worked out well...

Does anyone know what's been the sudden uptick in Cable??? I'm trying to find out....
Don't Leave Money on the Table
  • #434,333
  • Jul 11, 2016 3:56am Jul 11, 2016 3:56am
Quoting gammase1
Rumours that Andrea Leadsom is poised to withdraw from the race to become the next leader of the Conservatives and, therefore, the next Prime Minister. Statement expected at 12:15. Sterling has jumped higher on this rumour, as it removes a layer from the huge amount of political uncertainty that exists.

Thanks Gammase1...
Don't Leave Money on the Table
  • #434,334
  • Jul 11, 2016 4:04am Jul 11, 2016 4:04am
took profit
  • #434,335
  • Jul 11, 2016 4:05am Jul 11, 2016 4:05am
Quoting gammase1
Rumours that Andrea Leadsom is poised to withdraw from the race to become the next leader of the Conservatives and, therefore, the next Prime Minister. Statement expected at 12:15. Sterling has jumped higher on this rumour, as it removes a layer from the huge amount of political uncertainty that exists.
hello.
Why is so important Andrea Leasdmon ?
  • #434,336
  • Jul 11, 2016 4:15am Jul 11, 2016 4:15am
Quoting 81raffae
{quote} hello. Why is so important Andrea Leasdmon ?
http://www.bbc.com/news/uk-politics-36763208
Don't Leave Money on the Table
  • #434,337
  • Jul 11, 2016 4:26am Jul 11, 2016 4:26am
Quoting artooks
Hi, Can someone help me with gbpaud trade I got caught at 1.7660 with a long postion, when do you think we can see this level again ? Thanks

Now things don't look that bad...with a few more good news stories like the one we just had and them 500 pips will be made back in no time....not that I'm saying it will but in just one day the outlook is better...

I'd suggest you get on the GBP/AUD forum for some tech advise...
Don't Leave Money on the Table
  • #434,338
  • Jul 11, 2016 5:40am Jul 11, 2016 5:40am
It is interesting to see how EURGBP is retesting a resistance zone, which is in confluence with the DP and WP. If the zone is rejected, look for a bearish trade with a profit target around the 0.84520/0.84310 area. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #434,339
  • Jul 11, 2016 5:58am Jul 11, 2016 5:58am
Quoting frx_trader
{quote} Do you see .77, .78 or .80, .82?

With the Aussie I don't see anything because I don't trade it but with my limited knowledge of charting I'll throw this up.....it's not really the forum for it but what do other traders think?
Attached Image (click to enlarge)
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Don't Leave Money on the Table
  • #434,340
  • Jul 11, 2016 6:20am Jul 11, 2016 6:20am
Quoting elbert3
{quote} {image} in conjunction with Anils chart
Agreed, more downside to come with the BoE's rate-cut.
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