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Cable Update (GBPUSD)

  • #436,001
  • Aug 8, 2016 4:20am Aug 8, 2016 4:20am
Mate hope this picks up soon otherwise I'm going Bowling....

Can watch it now...

Inserted Video
Don't Leave Money on the Table
  • #436,002
  • Aug 8, 2016 4:22am Aug 8, 2016 4:22am
Quoting HaLBot
{quote} That's interesting, I'm just watching a video on youtube by a good trader, he uses elliot wave and has no problem seeing G/U go to 3710 and even as high as 4200......myself I would not be comfortable setting TP at those levels if I was a swing trader but this guys got loads of experience. He has a buy at 3066 with SL at 2910(I think) He has another buy at 3130 Saying that there is no guarantee he's right.....but after two big drops in two days there could be some selling exhaustion...
Looks to me that it has a little to drop yet. No good news due that could impact on cable today and sentiment is still against it. As a day trader I think its going to get to 3000 or below however waiting for it to get up to 3075/85 before I go short. I also will exit before the end of the day.
Striving for consistency
  • #436,003
  • Aug 8, 2016 4:26am Aug 8, 2016 4:26am
Everyone probably watching the Olympics
  • #436,004
  • Aug 8, 2016 4:28am Aug 8, 2016 4:28am
The range in the last hour has been 16 pips
  • #436,005
  • Aug 8, 2016 4:29am Aug 8, 2016 4:29am
Nice big drop coming up ..

Oh and mind that gap LOL ..
  • #436,006
  • Aug 8, 2016 4:30am Aug 8, 2016 4:30am
Quoting dean1star
Nice big drop coming up .. Oh and mind that gap LOL ..
What gap is that?
Don't Leave Money on the Table
  • #436,007
  • Aug 8, 2016 4:32am Aug 8, 2016 4:32am
looks like a pump and dump market but overall it will be pump. to dump it further from here liquidity and news both are missing
  • #436,008
  • Aug 8, 2016 4:55am Aug 8, 2016 4:55am
got out shorts, dangerous rebound area now
  • #436,009
  • Aug 8, 2016 4:56am Aug 8, 2016 4:56am
I've entered a world of pain with this market today...

Viewer discretion advised....excessive swearing....as only Walter Sobchak can deliver

Inserted Video
Don't Leave Money on the Table
  • #436,010
  • Aug 8, 2016 5:02am Aug 8, 2016 5:02am
Quoting Pip-Miner
got out shorts, dangerous rebound area now
Hey Pip-miner so I can better understand the technicals, what are you looking at that says this is a 'rebound area'????
Don't Leave Money on the Table
  • #436,011
  • Aug 8, 2016 5:08am Aug 8, 2016 5:08am
Inserted Video
trading is simple but is simple is not easy.
  • #436,012
  • Aug 8, 2016 5:09am Aug 8, 2016 5:09am
Quoting HaLBot
I've entered a world of pain with this market today... Viewer discretion advised....excessive swearing....as only Walter Sobchak can deliver https://www.youtube.com/watch?v=6YZ_vBoBoLo
YOu trying to turn this into some kinda facebook vibe or what ..
Just waiting for the whose favourite puppy is this video lol
Btw your mate Lock has he gone already - he did seem a bit stressed out these past few days ..
  • #436,013
  • Aug 8, 2016 5:10am Aug 8, 2016 5:10am
As I understand banks will decide which direction for USD on next day after the NFP. Do you guys think they will go short or long USD today? Will that decide the direction of GBP? Wait and watch...
  • #436,014
  • Aug 8, 2016 5:10am Aug 8, 2016 5:10am
Quoting HaLBot
{quote} Hey Pip-miner so I can better understand the technicals, what are you looking at that says this is a 'rebound area'????
If you look at H4 probably more clearer to you. It is too risky for my current scalper style as prefer short higher levels
  • #436,015
  • Aug 8, 2016 5:13am Aug 8, 2016 5:13am
Quoting dean1star
{quote} YOu trying to turn this into some kinda facebook vibe or what .. Just waiting for the whose puppy is this video lol Btw your mate Lock has he gone already - he did seem a bit stressed out these past few days ..

hahahahahaha.....The Big Lebowski has to be my favourite comedy film of all time

Not sure about Locky he hasn't shown up today, his analysis for day trading is very good, I just wouldn't be able to keep so many facts and figures in my head......truly remarkable
Don't Leave Money on the Table
  • #436,016
  • Aug 8, 2016 5:17am Aug 8, 2016 5:17am
Quoting HaLBot
{quote} hahahahahaha.....The Big Lebowski has to be my favourite comedy film of all time Not sure about Locky he hasn't shown up today, his analysis for day trading is very good, I just wouldn't be able to keep so many facts and figures in my head......truly remarkable
i ma long mate. 3044
  • #436,017
  • Aug 8, 2016 5:20am Aug 8, 2016 5:20am
Quoting HaLBot
{quote} hahahahahaha.....The Big Lebowski has to be my favourite comedy film of all time Not sure about Locky he hasn't shown up today, his analysis for day trading is very good, I just wouldn't be able to keep so many facts and figures in my head......truly remarkable
Totally agreed -
  • #436,018
  • Aug 8, 2016 5:32am Aug 8, 2016 5:32am
313 pips and closed for the day ..
Back tomorrow.
  • #436,019
  • Aug 8, 2016 5:40am Aug 8, 2016 5:40am
Quoting dean1star
313 pips and closed for the day .. Back tomorrow.
  • #436,020
  • Aug 8, 2016 5:44am Aug 8, 2016 5:44am
Quoting Dza101
{quote}
You know DZA, and thanks btw - every so often you can judge a move that seems logical .. usually once a month kinda move, could see it and so took it, when it did not drop around 10 45 am then it seemed move was on .. could stay in sure its on a long move now - but when u see those numbers on your screen then u just take em lol
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