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Cable Update (GBPUSD)

  • #435,761
  • Aug 4, 2016 6:28am Aug 4, 2016 6:28am
Downside probability is low. The rate cut was somewhat priced in already and the run up towards it was more based on regained trust in the british economy, rather than the possibility of the rate not being cut. Bloomberg already priced in rate cut 100% so downside is really limited and I like to see a bounce instead.
  • #435,762
  • Aug 4, 2016 6:29am Aug 4, 2016 6:29am
we're going to need some more bad news / weakening here to see this push below 1.31xx.. I'd buy off here for 1.333x TP
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #435,763
  • Aug 4, 2016 6:35am Aug 4, 2016 6:35am
3132*
  • #435,764
  • Aug 4, 2016 6:37am Aug 4, 2016 6:37am
Guys don't say you have week hands right now.... 1.3026 could also happen...soon.
  • #435,765
  • Aug 4, 2016 6:39am Aug 4, 2016 6:39am
Quoting FXCyborg
we're going to need some more bad news / weakening here to see this push below 1.31xx.. I'd buy off here for 1.333x TP

I agree downside does seem limited so closed out another short at 3153 for 32 Pips, so for me 91 piperoonies for the day is a good outcome.......my short game is good but to this day still struggle with the long game....Hmmmmmmm
Don't Leave Money on the Table
  • #435,766
  • Aug 4, 2016 6:41am Aug 4, 2016 6:41am
Take a look at this guy and see how much he trade on GBP/USD 3 days ago!!!!

http://www.forexfactory.com/tahirs#acct.94-tab.list
Odd numbers are odd.
  • #435,767
  • Aug 4, 2016 6:43am Aug 4, 2016 6:43am
Quoting Lock
{quote} The second hypothesis seems the correct one...Let's see if the current price level could be confirmed by the upcoming preUS session. 07.29 gb session cluster low at 3151 seems also a possible refs to take out as the 3074 zone for upcoming pit, if gap down confirmed.
GB cluster at 3151 easily taken out.
I closed my shorts even if the 3074 zone is still untouched because I would like to see some retracement before. Also I would like to see the preUS reaction, and how it will evaluate the gap up from 08.01.(32185-32765) That now is going to become a moltipass gap zone.

Please note: I'm not suggesting to close yours. It's obviously a personal decision.
Ubi maior minor cessat
  • #435,768
  • Aug 4, 2016 6:51am Aug 4, 2016 6:51am
for all Shorter!

Inserted Video
  • #435,769
  • Aug 4, 2016 6:54am Aug 4, 2016 6:54am
anyone got a link to the press conference?
  • #435,770
  • Aug 4, 2016 7:00am Aug 4, 2016 7:00am
3143 07.27 pit spike up base and 31454 current 26 days half back could be clearly important refs for upcoming pit session. Note that current move down put all those who were buying from 07.29 underwater.
Ubi maior minor cessat
  • #435,771
  • Aug 4, 2016 7:00am Aug 4, 2016 7:00am
Quoting HaLBot
I see it bounced of 3150 must be strong support there, through that and were heading further south...
u sure the unemployment data of the US wont challenge the gravity fall of GU?
  • #435,772
  • Aug 4, 2016 7:01am Aug 4, 2016 7:01am
So, guys, I think, there is a possibility chance to close the lower gap of 30000-30500 at last.

Best
D.P.

P.S. The target is 23,6% retracement.
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Hunting High and Low
  • #435,773
  • Aug 4, 2016 7:03am Aug 4, 2016 7:03am
Quoting Fadadio
anyone got a link to the press conference?
Yeah the markets didn't like what Carney had to say....


Actually here is some news items but no recording..

http://news.forexlive.com/!/im-not-a...arney-20160804

http://www.fxstreet.com/news/boe-sta...y-201608041157
Attached Image
Don't Leave Money on the Table
  • #435,774
  • Aug 4, 2016 7:07am Aug 4, 2016 7:07am
Quoting Dr.Phoenix
So, guys, I think, there is a possibility chance to close the lower gap of 30000-30500 at last. Best D.P. P.S. The target is 23,6% retracement. {image}
Yes it is absolutely possible. But let's see pit reaction.
Best L.

PS: please note also the immediate exact bounce at 3143 07.27 pit spike up base.

Quoting Lock
3143 07.27 pit spike up base and 31454 current 26 days half back could be clearly important refs for upcoming pit session. Note that current move down put all those who were buying from 07.29 underwater.
Ubi maior minor cessat
  • #435,775
  • Aug 4, 2016 7:11am Aug 4, 2016 7:11am
Quoting yuddy
{quote} u sure the unemployment data of the US wont challenge the gravity fall of GU?
For sure US data out soon could send Cable lower....but right now I think a lot of selling fuels been used up so even if it does head down further it will be slower....
Don't Leave Money on the Table
  • #435,776
  • Aug 4, 2016 7:14am Aug 4, 2016 7:14am
Quoting bithedz
for all Shorter! https://www.youtube.com/watch?v=_T1lgf9XnNI
Cheers M8 great bit of Trance there and the Chicks very easy on the eye....

Inserted Video
Don't Leave Money on the Table
  • #435,777
  • Aug 4, 2016 7:24am Aug 4, 2016 7:24am
Please everyone on here.... Is it possible we hit 1.3270 today again?
  • #435,778
  • Aug 4, 2016 7:26am Aug 4, 2016 7:26am
Quoting actionmoney
Please everyone on here.... Is it possible we hit 1.3270 today again?
i don't think so. But there is a gap to 3250 which would probably be a level everyone would want to short from.
  • #435,779
  • Aug 4, 2016 7:32am Aug 4, 2016 7:32am
Quoting HaLBot
{quote} For sure US data out soon could send Cable lower....but right now I think a lot of selling fuels been used up so even if it does head down further it will be slower....
that could be some bad data for the US, pheww
  • #435,780
  • Aug 4, 2016 7:34am Aug 4, 2016 7:34am
Quoting HaLBot
{quote} Cheers M8 great bit of Trance there and the Chicks very easy on the eye.... https://www.youtube.com/watch?v=40ea07PLCA4
Hahaha

I can't stop listening and watching

Btw We are in the flat zone right now

in-between Average Monthly and Weekly.

Attached Image (click to enlarge)
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