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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Crooked Hillary doing her economic speech now.
We should see 1.3172 by Monday or Tuesday next week and retrace back to 1.2900
Quoting Makavell
We should see 1.3172 by Monday or Tuesday next week and retrace back to 1.2900
Based on what?
Closed short at +12pips at 1.2960 and placed an order at short at 1.2940 SL 1.2975 TP 1.2870 should cable decide to waken up during the Asian session and dive.
Striving for consistency
Quoting ZenNy
{quote} Charts: 60 and 240 {image} {image}
she died at the extreme....was a good idea to take profit....."you will never go broke......."
trading is simple but is simple is not easy.
will try a long below 2900
Attached Image (click to enlarge)
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MarginTrader All Time Return: na
I need some help understanding what the reasoning for this last 4 short trading opportunities from 3090. Is this along the lines of a wave? or do all trends have a "wave". thanks. been watching and sitting on my hands. but oh well.
Quoting jurek
{quote} Based on what?
me to closed short. Now i wait 1.299x-1300x, and short again!
Am still long from yesterday at 1.295. There were weak attempts to break below that level.

A retrace above the higher 1.3 levels might be weak unless it is able to push above 1.302.

1st TP @ 1.302, 2nd @ 1.3052. If not SL @ +1.
Quoting ThePipsMkr
Am still long from yesterday at 1.295. There were weak attempts to break below that level. A retrace above the higher 1.3 levels might be weak unless it is able to push above 1.302. 1st TP @ 1.302, 2nd @ 1.3052. If not SL @ +1.

Would it it break below 1.2960 again? I'm wondering should I take profit or be greedy and just let it go to see how far it will be
Quoting aarontdang
{quote} Would it it break below 1.2960 again? I'm wondering should I take profit or be greedy and just let it go to see how far it will be
This pair has immediate resistance going long - 1.298, 1.30, 1.302.

I'm unsure of this pair at the moment hence +1.
Quoting Samer1970
{quote} you should master the compounding and DE-compounding systems to live more in the market it is like this i built 2 eas for the above two processes i begin trading as per my one indi if i use it or firect entries without any indi and witout any stop loss once i hit a profit i begin checking my basket of pairs for the highest loser pair for example i won 7 pips in eur/usd lets say 3 usd i check my other pairs and i find that gbp/nzd is floating with outof and but not yet confirmed closed loss of 500 usd than i begin to trade the gbu/nzd counter...
Thank you for the files and further explanation. I'll digest it and try on practice and see if it fits in my trading style and mindset. Have a great week ahead
Any body wants to trade GU on news today?
Quoting She1
Any body wants to trade GU on news today?

Only news in EU ... Not big impact in GBP
Quoting aarontdang
{quote} Only news in EU ... Not big impact in GBP
I wouldn't underestimate Euro news on Cable and what news items have the most effect.

This from forexlive.com re. Euroland News today....

http://news.forexlive.com/!/data-com...2-aug-20160812
Engulfing candle short on the 30 min down to 1.2960 now retracing. looks like we are in for a bumpy day. Long term sentiment down but it may pull back before eventually falling. The question is how high will it get before falling. Keeping a close eye on the 1.3000 level. I would not go long unless there is a clear break though and at that it would be only to grab some pips on the pull back. Short is where I think is the greater probability. However I could be wrong. ?
Striving for consistency
GB pre opening report.

  1. We are now inside yesterday gb session range/value.
  2. 29515 yesterday Pit poor/weak low obviously is a very important level for today.
  3. Curret Tokyo high at 29785 is poor.
  4. Price is up and down major composite POC at 2965 and we are tagging yesterday gb close at 29585

Ubi maior minor cessat
I expect a strong GBP today. Oil has risen a lot the past days and the correlation between GBP and oil used to be pretty high. I expect some moves to the upside because of this.
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GBPUSD in short balance. Target still is 1.28
Quoting Lock
GB pre opening report. We are now inside yesterday gb session range/value. 29515 yesterday Pit poor/weak low obviously is a very important level for today. Curret Tokyo high at 29785 is poor. Price is up and down major composite POC at 2965 and we are tagging yesterday gb close at 29585
Tokyo corrected its own poor low before to close.
GB open inside yesterday gb session/range1 pip above yesterday close at 29585. Initial acceptation of yesterday gb range is expected (29355-3016).
Ubi maior minor cessat
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