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Cable Update (GBPUSD)

  • #436,461
  • Aug 12, 2016 7:52am Aug 12, 2016 7:52am
she hit the nose at yesterday high, bears can see blood.
trading is simple but is simple is not easy.
  • #436,462
  • Aug 12, 2016 7:52am Aug 12, 2016 7:52am
Liquidity 100% above average.....
Don't Leave Money on the Table
  • #436,463
  • Aug 12, 2016 7:54am Aug 12, 2016 7:54am
Quoting pointlessfor
dont think that bulls started. we can see 2926 first
So you now saying price is going to drop. ?
Striving for consistency
  • #436,464
  • Aug 12, 2016 7:55am Aug 12, 2016 7:55am
Quoting Fader123
Those figures are a real shock- looks like retracing
What do you mean Fader????
Don't Leave Money on the Table
  • #436,465
  • Aug 12, 2016 8:01am Aug 12, 2016 8:01am
when i back i say u an entry.
  • #436,466
  • Aug 12, 2016 8:05am Aug 12, 2016 8:05am
these figures should have more impact than this.... its not clearing the resistance..
  • #436,467
  • Aug 12, 2016 8:05am Aug 12, 2016 8:05am
Quoting HaLBot
{quote} What do you mean Fader????

Cable was quite bullish this morning
The with these figures - it rallied further
US Retail sales figures, PPI - all missed expectation - by a fair bit
After certain announcements -and taking sentiment into account- the market will invariably retrace
On retail sales this bad, and taking into account bullish sentiment its usually a circa 50 pip drop
Major annoucements - NFP, GDP interest rates - I would not fade
  • #436,468
  • Aug 12, 2016 8:06am Aug 12, 2016 8:06am
Quoting pointlessfor
when i back i say u an entry.
  • #436,469
  • Aug 12, 2016 8:07am Aug 12, 2016 8:07am
A low started as written 1 pip above yesterday pit unchanged at 12955. Bperiod started 1 pip above yesteray pit half back at 29675. Current C m30 period low is weak at preUS half back 29945. Carry these information forward if you like.
Ubi maior minor cessat
  • #436,470
  • Aug 12, 2016 8:07am Aug 12, 2016 8:07am
Quoting ZenNy
she hit the nose at yesterday high, bears can see blood.
A great classic example of "morning news reversal" by linda b Raschke from street smart pag 135.
trading is simple but is simple is not easy.
  • #436,471
  • Aug 12, 2016 8:12am Aug 12, 2016 8:12am
Quoting Lock
A low started as written 1 pip above yesterday pit unchanged at 12955. Bperiod started 1 pip above yesteray pit half back at 29675. Current C m30 period low is weak at preUS half back 29945. Carry these information forward if you like.
C low corrected at half back but now weak tagging yesterday preUS session high at 29845 (at the pip).

15 minutes to pit open. The game here is about a possible gap higher or not.
Ubi maior minor cessat
  • #436,472
  • Aug 12, 2016 8:21am Aug 12, 2016 8:21am
I'm hoping for another spike up. long @ 12995 stop under 12950. Take half profit at 13077. There are two gaps on 1 min chart @ 13048/13077
Loser trying to become a winner!
  • #436,473
  • Aug 12, 2016 8:22am Aug 12, 2016 8:22am
Quoting HaLBot
Last two weeks I've wanted to kick Eur/Gbp in the nads.....
And my opinion hasn't changed.....should have been good to at least 3070
Don't Leave Money on the Table
  • #436,474
  • Aug 12, 2016 8:23am Aug 12, 2016 8:23am
Quoting MyOpinion
I'm hoping for another spike up. long @ 12995 stop under 12950. Take half profit at 13077.

That's right Prop Traders listen to the Man.......3077!!!!
Don't Leave Money on the Table
  • #436,475
  • Aug 12, 2016 8:24am Aug 12, 2016 8:24am
Quoting MyOpinion
I'm hoping for another spike up. long @ 12995 stop under 12950. Take half profit at 13077.
Imho, take your profit and wait for any other trading opportunity.

KP
Do your homework, follow the footprints of smart money
  • #436,476
  • Aug 12, 2016 8:28am Aug 12, 2016 8:28am
I've now been a member of this forum for a week. I have been give some sound advice and my eyebrows have been raised at some statements. I have heard some replies that have made me laugh. I think we should have a quote of the day or week competition for best metaphor used or best one liner. Halbot's "ha but what year" had me slapping my thighs this morning. Any other gems?...
Striving for consistency
  • #436,477
  • Aug 12, 2016 8:32am Aug 12, 2016 8:32am
Quoting Lock
{quote} C low corrected at half back but now weak tagging yesterday preUS session high at 29845 (at the pip). 15 minutes to pit open. The game here is about a possible gap higher or not.
No gap higher. It opened 1 pip below yesterday pit high. Anyway: let's see if there is acceptation below or above that level (29835) We are now inside yesterday pit gap down.
Ubi maior minor cessat
  • #436,478
  • Aug 12, 2016 8:32am Aug 12, 2016 8:32am
Quoting Wdfx
I've now been a member of this forum for a week. I have been give some sound advice and my eyebrows have been raised at some statements. I have heard some replies that have made me laugh. I think we should have a quote of the day or week competition for best metaphor used or best one liner. Halbot's "ha but what year" had me slapping my thighs this morning. Any other gems?...
Good suggestion m8. Nice to hear that you are making progress with FF. Very good spirit.

KP
Do your homework, follow the footprints of smart money
  • #436,479
  • Aug 12, 2016 8:33am Aug 12, 2016 8:33am
Quoting Wdfx
I've now been a member of this forum for a week. I have been give some sound advice and my eyebrows have been raised at some statements. I have heard some replies that have made me laugh. I think we should have a quote of the day or week competition for best metaphor used or best one liner. Halbot's "ha but what year" had me slapping my thighs this morning. Any other gems?...
Hahahaha....thanks M8 appreciate that...

I wasn't getting stuck into 'Pointlessfor' more a comment on Cables snail pace movement these days and bearish mood...

It's a great idea that.....we definitely have to do it....
Don't Leave Money on the Table
  • #436,480
  • Aug 12, 2016 8:38am Aug 12, 2016 8:38am
Quote of the Day anyone???????
Don't Leave Money on the Table
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