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Cable Update (GBPUSD)

  • #435,961
  • Aug 5, 2016 10:20am Aug 5, 2016 10:20am
Quoting Lock
{quote} Well, here we are. But it is friday and so.. I don't know.
yeah, same here. i reckon u're using fibo retracement too.
  • #435,962
  • Aug 5, 2016 10:20am Aug 5, 2016 10:20am
Quoting Lock
{quote} Well, here we are. But it is friday and so.. I don't know.
I'm starting to get a better understanding of your approach now Locky and some of the pips I made today 35.9 to be exact were because of your input, so thanks M8....
Don't Leave Money on the Table
  • #435,963
  • Aug 5, 2016 10:24am Aug 5, 2016 10:24am
Quoting mamalujo
{quote} yeah, same here. i recon ure using fibo retracement too.
It may seems so but I actually don't. You know, you may find the same results with different summations. For me this is only the top of a previous pit session gap up, so a space that could need some filling by following pit session activity.
Ubi maior minor cessat
  • #435,964
  • Aug 5, 2016 10:25am Aug 5, 2016 10:25am
Quoting HaLBot
{quote} Nice one..... To late over here for me to respond to the markets.....still I'm happy with this weeks trading up 166% for the week and jump straight back in Monday around Euro opening....
Gotta act quick haha, and rock on that's a great week!
  • #435,965
  • Aug 5, 2016 10:26am Aug 5, 2016 10:26am
Quoting HaLBot
{quote} I'm starting to get a better understanding of your approach now Locky and some of the pips I made today 35.9 to be exact were because of your input, so thanks M8....
Well I'm happy about that! You're welcome!

Now I'm off. Have a good weekend, you and all the other traders here.
Ubi maior minor cessat
  • #435,966
  • Aug 5, 2016 10:27am Aug 5, 2016 10:27am
Quoting kuma666
{quote} Gotta act quick haha, and rock on that's a great week!

Cheers...
Don't Leave Money on the Table
  • #435,967
  • Aug 5, 2016 10:28am Aug 5, 2016 10:28am
Quoting HaLBot
{quote} No I am not certain about this, I'm putting it out there so others like yourself can comment and I'll get feedback to become a better trader.... There has been speculation of a rate hike in the US now for months and the Fed has said when conditions are right they will raise rates. So a higher interest rate the more bullish it is for their currency and a lower interest rate means a more bearish outlook. That's the whole reason Cable plummeted yesterday So with Stella NFP figures traders are thinking the Fed will raise rates sooner...

In the short term - ie Monday

My view for Monday- we have the market down circa 300 pips over two days
COT was at its highest short position going into the interest rate decision
At the moment its all these UK traders short covering that is driving it up
Hopefully- the Asian session will drive Sterling down on Sunday night
Will then look to go long Monday - obviously checking price action
On Monday morning - we have manu production - we should beat that
If the market recovers during the week - there are US retail figures due on Friday
As the consumer is really powering the US economy - these could give Cable another thump.

Will be keeping an eye on the news stories - to see if there are any geo-political events that could force things another way-eg: Trump leads Clinton in the polls
  • #435,968
  • Aug 5, 2016 10:29am Aug 5, 2016 10:29am
Quoting Lock
{quote} Well I'm happy about that! You're welcome! Now I'm off. Have a good weekend, you and all the other traders here.

Thanks M8, yeah have a great weekend and to all traders here seeyas....
Don't Leave Money on the Table
  • #435,969
  • Aug 5, 2016 10:33am Aug 5, 2016 10:33am
Will be keeping an eye on the news stories - to see if there are any geo-political events that could force things another way-eg: Trump leads Clinton in the polls....

Goodbye Earth it was nice knowing you while it lasted......Armaggeddon........LOL


Actually Cheers Fader, good analysis...
Don't Leave Money on the Table
  • #435,970
  • Aug 5, 2016 10:41am Aug 5, 2016 10:41am
Quoting HaLBot
Will be keeping an eye on the news stories - to see if there are any geo-political events that could force things another way-eg: Trump leads Clinton in the polls.... Goodbye Earth it was nice knowing you while it lasted......Armaggeddon........LOL Actually Cheers Fader, good analysis...
Lol

Imagine the pips though
  • #435,971
  • Aug 5, 2016 10:47am Aug 5, 2016 10:47am
3049*
  • #435,972
  • Aug 5, 2016 10:50am Aug 5, 2016 10:50am
Genuinely - the worrying thing is that the polls are usually wrong and Clinton leads
The UK voted for Brexit - they got the UK elections wrong
We need to see a huge lead for Clinton in the polls to be certain he is not getting in
The thing is I think she is more nuts than him in some ways
  • #435,973
  • Aug 5, 2016 11:32am Aug 5, 2016 11:32am
ugly ugly day

zero activity beside 45min after news. Zero before, zero after.
  • #435,974
  • Aug 5, 2016 3:31pm Aug 5, 2016 3:31pm
My view of a possible outlook for the USD Index and the impact on the USD pairs..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 85 KB
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #435,975
  • Aug 5, 2016 8:58pm Aug 5, 2016 8:58pm
The week closed with green pips so all is good though I daftly closed my short early on Thursday.

Looking at two levels for the week 1.295 to buy and 1.32243 to short. Unless the market opens below the 1.3 level, I'll revisit the long area.

Trade safely, everyone.
  • #435,976
  • Aug 5, 2016 9:08pm Aug 5, 2016 9:08pm
Quoting ThePipsMkr
The week closed with green pips so all is good though I daftly closed my short early on Thursday. Looking at two levels for the week 1.295 to buy and 1.32243 to short. Unless the market opens below the 1.3 level, I'll revisit the long area. Trade safely, everyone.
That's great to end the week in positive territory, it's what it's all about plus you inspire all of us...

Did that just sound cheesy.... but you know what I mean....lol

You know I think we can all really make some great trades next week, with the help of some good traders on this Thread who's helps been invaluable...
Don't Leave Money on the Table
  • #435,977
  • Aug 5, 2016 9:12pm Aug 5, 2016 9:12pm
Quoting HaLBot
{quote} That's great to end the week in positive territory, it's what it's all about plus you inspire all of us... Did that just sound cheesy.... but you know what I mean....lol
Yes i am also ending my trading week in a positive note. The earnings came for me in the GBPJPY
FXOpen - International True ECN Broker
  • #435,978
  • Aug 5, 2016 9:16pm Aug 5, 2016 9:16pm
Quoting EuroScalper
{quote} Yes i am also ending my trading week in a positive note. The earnings came for me in the GBPJPY
That's great M8...Riding the Dragon

Yeah post NFP I should have jumped on the Dragon too but overall I had a very good week, now looking forward to this coming weeks trading...
Don't Leave Money on the Table
  • #435,979
  • Edited 10:54pm Aug 5, 2016 10:23pm | Edited 10:54pm
GU 4 Hr chart. Range: 1.29 - 1.32. Disclaimer: Trade on your own Risk. Forex Trading is very risky. Be careful.

S/R : 1.28xx/ 1.33xx.
Attached Image (click to enlarge)
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  • #435,980
  • Aug 5, 2016 10:26pm Aug 5, 2016 10:26pm
Quoting HaLBot
{quote} That's great to end the week in positive territory, it's what it's all about plus you inspire all of us... Did that just sound cheesy.... but you know what I mean....lol You know I think we can all really make some great trades next week, with the help of some good traders on this Thread who's helps been invaluable...
Best wishes and good trades to you, Halbot 👍.
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