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Cable Update (GBPUSD)

  • #436,081
  • Aug 9, 2016 4:11am Aug 9, 2016 4:11am
Zero intention to rally again. Indexes settings higher highs and all currencies are setting themselves up for more quantitative easing in which GBP is taking the lead.

Trade tip: Short GBPJPY it is about to break it is trading in a range towards the down side.
  • #436,082
  • Aug 9, 2016 4:15am Aug 9, 2016 4:15am
Quoting taciho
Zero intention to rally again. Indexes settings higher highs and all currencies are setting themselves up for more quantitative easing in which GBP is taking the lead. Trade tip: Short GBPJPY it is about to break it is trading in a range towards the down side.
So short from 132.75???? as looks like there is some support there, 3, 30 minute candles bounced from there earlier today....
Don't Leave Money on the Table
  • #436,083
  • Aug 9, 2016 4:18am Aug 9, 2016 4:18am
Quoting HaLBot
{quote} So short from 132.75???? as looks like there is some support there, 3, 30 minute candles bounced from there earlier today....
Yes, I already opened the trade at 133.06, but it is trading in a range between Pivot point S1 and S2 and it keeps bouncing of S2, but when USD JPY sets a new daily lows it will break with relative ease, pushing GBPJPY down to possibly 130 region.
  • #436,084
  • Aug 9, 2016 4:30am Aug 9, 2016 4:30am
wrong thread, use the GBP/JPY thread guys!
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #436,085
  • Aug 9, 2016 4:43am Aug 9, 2016 4:43am
Everyone should watch out for the effect of the USD on the trade by +1 GMT 11:00am.
The news: USD NFIB Small Business Index.... Actual > Forecast = Good for currency;

I believe its effect will be GBP/USD, falling for some more pips.
It may be heading toward SOUTH... 1.2950 OR I MAY BE WRONG.

Just watch out!!!
  • #436,086
  • Aug 9, 2016 4:45am Aug 9, 2016 4:45am
sidelines but would prefer the short over long for a quick one right now
  • #436,087
  • Aug 9, 2016 4:52am Aug 9, 2016 4:52am
Quoting actionmoney
Everyone should watch out for the effect of the USD on the trade by +1 GMT 11:00am. The news: USD NFIB Small Business Index.... Actual > Forecast = Good for currency; I believe its effect will be GBP/USD, falling for some more pips. It may be heading toward SOUTH... 1.2950 OR I MAY BE WRONG. Just watch out!!!
Wrong
  • #436,088
  • Aug 9, 2016 5:04am Aug 9, 2016 5:04am
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Quoting pointlessfor
{quote} Wrong
Any reason for saying he's 'wrong'?

It's always helpful for newbies for a poster to provide a justification for a comment - as it helps others to improve their trading. That's what helped me years' ago when I used to post on these forums, and have other traders post contradictory opinions backed up with their reasoning.
  • #436,089
  • Aug 9, 2016 5:11am Aug 9, 2016 5:11am
Quoting HaLBot
{quote} So short from 132.75???? as looks like there is some support there, 3, 30 minute candles bounced from there earlier today....
Exactly timed with a new daily low of usdjpy, hope you got in mate.

GBP USD also still going down, just to stay ontopic
  • #436,090
  • Aug 9, 2016 5:17am Aug 9, 2016 5:17am
Quoting taciho
{quote} Exactly timed with a new daily low of usdjpy, hope you got in mate. GBP USD also still going down, just to stay ontopic

Good call.....

No I'm not trading today......got home from work over here with a bit of a headache.....better off staying on the sidelines
Don't Leave Money on the Table
  • #436,091
  • Aug 9, 2016 5:19am Aug 9, 2016 5:19am
Quoting Dza101
{quote} Am Short as well waiting for 1.2910 to load more
Quoting ZenNy
{quote} yes bearish but heavily O/S, bears want higher prices, bulls want lower prices, next substantial support at 2850 but this gently pushing down can form another before that, in the mean time best is to enter when others are taking profit in the opposite direction, here at least prices will be pushed up or down enough to swing a kitten..
My position got stopped out for a small profit. Are you guys still in the trade?

Safe trade to you guys man!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd profit statement.png Size: 111 KB
  • #436,092
  • Aug 9, 2016 5:19am Aug 9, 2016 5:19am
Q support here on GU down until 1.2963... waiting for 1.286/7x and 2/3x to go long for 1.41
  • #436,093
  • Aug 9, 2016 5:22am Aug 9, 2016 5:22am
Quoting Don96
Q support here on GU down until 1.2963... waiting for 1.286/7x and 2/3x to go long for 1.41
3040 first
  • #436,094
  • Aug 9, 2016 5:23am Aug 9, 2016 5:23am
Quoting pointlessfor
{quote} 3040 first
?
  • #436,095
  • Aug 9, 2016 5:36am Aug 9, 2016 5:36am
Quoting Don96
{quote} ?
3090 i think today
  • #436,096
  • Aug 9, 2016 5:40am Aug 9, 2016 5:40am
Quoting desmondho
{quote} {quote} My position got stopped out for a small profit. Are you guys still in the trade? Safe trade to you guys man! {image}
I am Still in waiting to see what will happen at 1.2910, if closes below will add,
  • #436,097
  • Aug 9, 2016 5:42am Aug 9, 2016 5:42am
Quoting Dza101
{quote} I am Still in waiting to see what will happen at 1.2910, if closes below will add,
its not closed below. we are going up
  • #436,098
  • Aug 9, 2016 5:44am Aug 9, 2016 5:44am
Quoting desmondho
{quote} {quote} My position got stopped out for a small profit. Are you guys still in the trade? Safe trade to you guys man! {image}
I was in for very little.... got in at the low and covered for 21.4 pips.....was my only trade on it.....I am closing soon...

http://www.forexfactory.com/showthre...13#post9073913

she is dancing between 3011 and 2963......
trading is simple but is simple is not easy.
  • #436,099
  • Aug 9, 2016 5:51am Aug 9, 2016 5:51am
Quoting pointlessfor
{quote} its not closed below. we are going up
that move down look like a unashamed stop hunt right now...
Loser trying to become a winner!
  • #436,100
  • Aug 9, 2016 5:53am Aug 9, 2016 5:53am
Quoting MyOpinion
{quote} that move down look like a unashamed stop hunt right now...
yeah .
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