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Cable Update (GBPUSD)

  • #435,721
  • Aug 4, 2016 2:05am Aug 4, 2016 2:05am
Quoting braintheboss
I saw forecast is cut rates but if they dont have net exports this action will worst their situation, don't you? GBP lower, imports more expensive...
Yeah but that would boost Mini and RolsRoyce exports. (both of the BMW group .... )
  • #435,722
  • Aug 4, 2016 2:16am Aug 4, 2016 2:16am
Quoting HaLBot
Talking about weak hands controlling the market, a lot of the time during big news events Professional traders are on the sidelines so you do get these sudden erratic moves up and down.....
last month, a lot of analysts/traders said the cut will happen on 14th July, but it didn't. lets wait and see. all eyes on the calendar section at 12:00 :nerd:

if it does get cut, then I will go Low GBP/USD till end of day.
  • #435,723
  • Aug 4, 2016 2:32am Aug 4, 2016 2:32am
Quoting ahmed226
{quote} last month, a lot of analysts/traders said the cut will happen on 14th July, but it didn't. lets wait and see. all eyes on the calendar section at 12:00 :nerd: if it does get cut, then I will go Low GBP/USD till end of day.
If USD data is bad then this "end of the day" could be less absolute.
  • #435,724
  • Aug 4, 2016 2:42am Aug 4, 2016 2:42am
Quoting bshappens
{quote} If USD data is bad then this "end of the day" could be less absolute.
I don't think it will be bad (considering yesterdays ADP). As some smart trader posted here a month ago, if they want to cut they will do it now while half of the economic world is still on vacation. We are again outside of the channel, so be ready for price to spike and (if they cut) to drop like a stone.
  • #435,725
  • Aug 4, 2016 2:46am Aug 4, 2016 2:46am
What do you think of this monthly g/u?
Attached Image (click to enlarge)
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  • #435,726
  • Aug 4, 2016 2:53am Aug 4, 2016 2:53am
Quoting bshappens
What do you think of this monthly g/u? {image}

Go back to page 21784 and you'll see some posts of Bones that are talking about where Cable is heading on a Monthly, Weekly scale with some nice charting....
Don't Leave Money on the Table
  • #435,727
  • Aug 4, 2016 2:54am Aug 4, 2016 2:54am
I suggest anyone to not try to interpret upcoming news, unless you are an investor. The important thing is to know when the news is coming.
Ubi maior minor cessat
  • #435,728
  • Aug 4, 2016 2:58am Aug 4, 2016 2:58am
Quoting Lock
I suggest anyone to not try to interpret upcoming news, unless you are an investor. The important thing is to know when the news is coming.
--- only constant in this world is change ---
  • #435,729
  • Aug 4, 2016 3:08am Aug 4, 2016 3:08am
The market is moving up.... Anyone have anything to say about this?
  • #435,730
  • Aug 4, 2016 3:12am Aug 4, 2016 3:12am
Quoting Lock
{quote} Weak composite low evenutally taken out. A note about current move down: B high is at today Tokyo hb at 3313. It is not a particularly weak level, but we are before news, so watch out.
3313 Taken out. It spent 2 hour and a half to correct it. And we are now above (3 pips) the absolute high of current weekly balance at 33145. Note that current move is the result of an attempted break out from gb session narrow balance. And also that it starts from today open at 32875. Take this information forward.
Ubi maior minor cessat
  • #435,731
  • Aug 4, 2016 3:14am Aug 4, 2016 3:14am
Quoting actionmoney
The market is moving up.... Anyone have anything to say about this?
it is just filling hidden gaps created on 5/15/30min. That move doesn't mean a thing.
  • #435,732
  • Aug 4, 2016 3:15am Aug 4, 2016 3:15am
Quoting mades
{quote} it is just filling hidden gaps created on 5/15/30min. That move doesn't mean a thing.
How could you say it doesn't mean anything when every $ counts!
  • #435,733
  • Aug 4, 2016 3:16am Aug 4, 2016 3:16am
Going to say Carney looked at the situation and like brothers in arms they have decided to play a longer game than the shifty lets do it while everyones on their holidays..
that said it shows that Carney does not dance the tune of the piper. Going to say its still a no.
However having scalped a 100 pips plus some change today - (the daily target) and not trading this .. so i can have a free guess - yes i can hear chickens
  • #435,734
  • Aug 4, 2016 3:17am Aug 4, 2016 3:17am
Quoting actionmoney
The market is moving up.... Anyone have anything to say about this?
BOE possible intervention by cutting rates would be likely coming in the next aprox. 45 mins. Let's see the show
  • #435,735
  • Aug 4, 2016 3:18am Aug 4, 2016 3:18am
Quoting actionmoney
{quote} How could you say it doesn't mean anything when every $ counts!
I'm pretty sure it's not hard to move market now before such an important news as liquidity will be thin.
  • #435,736
  • Aug 4, 2016 3:25am Aug 4, 2016 3:25am
Quoting HaLBot
{quote} Go back to page 21784 and you'll see some posts of Bones that are talking about where Cable is heading on a Monthly, Weekly scale with some nice charting....
Thanks I'll get to it right now. We're closing to a very hot spot right now, or perhaps have already touched it... not to be misinterpreted...this is just another opinion.
  • #435,737
  • Aug 4, 2016 3:26am Aug 4, 2016 3:26am
Quoting bshappens
{quote} Thanks I'll get to it right now. We're closing to a very hot spot right now, or perhaps have already touched it... not to be misinterpreted...this is just another opinion.
It will definitely be hot in 35 minutes......LOL
Don't Leave Money on the Table
  • #435,738
  • Edited 3:45am Aug 4, 2016 3:34am | Edited 3:45am
Quoting Lock
[...] Tokyo high at 33455 is poor high. Yesterday pit session was inside 08.02 pit session.
Now gb session went up to test its yesterday close at 33315. For continuation upwards we want to see price confirming above that level.
If for some reason this breakout will continue upwards, we have a clear weak ref to correct at Tokyo poor high, as said. Then if preUS will open above yesteday pit high at 3339 we will have an initial preUS open gap up.
If this will be confirmed by upcoming pit session we will have a pit gap up.
In this case we will be in a attempted breakout from yesterday pit inside session. If this possible gap will not be retraced then a possible continuation upwards could happen.
This is only one hypothesis.

At the opposite, considering an other hypothesis, if gb attempt up fails, preUS will open without a gap upwards, right inside yesterday pit session. Or, even worse, with a gap lower. In this last case, if that possible gap below will resists, we could revert the current minor trend up, going down to take out the very weak refs. below.

Note also that all this move up started from today open/yes low at 32875.
Ubi maior minor cessat
  • #435,739
  • Aug 4, 2016 3:38am Aug 4, 2016 3:38am
Quoting actionmoney
{quote} How could you say it doesn't mean anything when every $ counts!
Bro... pls don't be offended. "mades" is technically right.
--- only constant in this world is change ---
  • #435,740
  • Aug 4, 2016 3:41am Aug 4, 2016 3:41am
Liquidity is 17% below average at the moment....means a lot of professional traders are on the sidelines....
Don't Leave Money on the Table
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