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Cable Update (GBPUSD)

  • #436,501
  • Aug 12, 2016 9:34am Aug 12, 2016 9:34am
Quoting pointlessfor
2926 no. 2932 change
so you thing its buy here now?
  • #436,502
  • Aug 12, 2016 9:36am Aug 12, 2016 9:36am
I thinks Mayly-Mays line is a contender for quote of the day.....LOL

"maybe you are right this pair it curse by darkness maybe give him 5 year to 1.5 again hehe"
Don't Leave Money on the Table
  • #436,503
  • Aug 12, 2016 9:38am Aug 12, 2016 9:38am
Quoting velit
{quote} so you thing its buy here now?
no
  • #436,504
  • Aug 12, 2016 9:41am Aug 12, 2016 9:41am
Quoting pointlessfor
{quote} no
where then?
  • #436,505
  • Aug 12, 2016 9:42am Aug 12, 2016 9:42am
Quoting velit
{quote} where then?
with small sl no entries.
  • #436,506
  • Aug 12, 2016 9:47am Aug 12, 2016 9:47am
Not much in the way of bullish sentiment here - yet
  • #436,507
  • Aug 12, 2016 9:48am Aug 12, 2016 9:48am
well a proof that news don't matter at all. They probably planned this move.
  • #436,508
  • Aug 12, 2016 9:51am Aug 12, 2016 9:51am
Quoting Fader123
Not much in the way of bullish sentiment here - yet
Yeah I thought there would be a bullish move from here back to the 2980 area....
Don't Leave Money on the Table
  • #436,509
  • Aug 12, 2016 9:53am Aug 12, 2016 9:53am
Have bears had their fill?
  • #436,510
  • Aug 12, 2016 9:54am Aug 12, 2016 9:54am
Quoting Lock
{quote} Now if there is continuation downside we could have(as written): 2952 yesterday pit poor low (very probable now) 2925 07.08 pit low tagging a gb close price 2906 preUS low back to back with a previus Tokyo low 28635 little cluster of m30 pit session periods 28495 round number tagged by a GB period [...].
2952 taken out
2925 tagged right now. (And is now very weak)

But watch out, this is friday. We are currently up and down gb 2 sessions bracket low. There is a big composite POC above. And structure above is not good.
Ubi maior minor cessat
  • #436,511
  • Aug 12, 2016 9:56am Aug 12, 2016 9:56am
Quoting mades
well a proof that news don't matter at all. They probably planned this move.
Price moves don't always agree with news. You are safer by looking for the long-term technical direction of the market/pair and wait for impact of news to fuel its momentum. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #436,512
  • Aug 12, 2016 10:01am Aug 12, 2016 10:01am
Good support for bulls. Going long 1.2980. SL 1.2890.
  • #436,513
  • Aug 12, 2016 10:01am Aug 12, 2016 10:01am
Finally looks like that blood sucking pair Eur/Gbp is coming of it's highs and we'll see some bullish movement in Cable....I said Maybe..LOL
Don't Leave Money on the Table
  • #436,514
  • Aug 12, 2016 10:02am Aug 12, 2016 10:02am
Quoting HaLBot
Finally looks like that blood sucking pair Eur/Gbp is coming of it's highs and we'll see some bullish movement in Cable....I said Maybe..LOL
yes
  • #436,515
  • Aug 12, 2016 10:15am Aug 12, 2016 10:15am
whipsawed here. I deserve it. I'm off.
Have a nice trading everyone!
Ubi maior minor cessat
  • #436,516
  • Aug 12, 2016 10:18am Aug 12, 2016 10:18am
Quoting Lock
whipsawed here. I deserve it. I'm off. Have a nice trading everyone!
Cheers Lock...and have a great weekend....
Don't Leave Money on the Table
  • #436,517
  • Aug 12, 2016 10:18am Aug 12, 2016 10:18am
1.293 seems support at the moment

I suppose I have to think to myself - why would I buy the pound on a Friday afternoon

When every FX trader knows that Cables only chance of recovery is based on dovish minutes fro the Fed next week
  • #436,518
  • Aug 12, 2016 10:20am Aug 12, 2016 10:20am
Quoting Fader123
1.293 seems support at the moment I suppose I have to think to myself - why would I buy the pound on a Friday afternoon When every FX trader knows that Cables only chance of recovery is based on dovish minutes fro the Fed next week
Ok its going up- I think

Looks like a rounded bottom
  • #436,519
  • Aug 12, 2016 10:20am Aug 12, 2016 10:20am
Quoting KeenPips
{quote} Price moves don't always agree with news. You are safer by looking for the long-term technical direction of the market/pair and wait for impact of news to fuel its momentum. Trade safe. KP
Actually beside really big news (from CBs) any news is just a trigger for pre-planned movement.
  • #436,520
  • Aug 12, 2016 10:24am Aug 12, 2016 10:24am
weak bull bars - could get caught
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