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Cable Update (GBPUSD)

  • #436,641
  • Aug 15, 2016 7:41am Aug 15, 2016 7:41am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 1550816 4H.JPG Size: 148 KB
Striving for consistency
  • #436,642
  • Aug 15, 2016 7:46am Aug 15, 2016 7:46am
bad news.. reverse effect...
  • #436,643
  • Aug 15, 2016 7:52am Aug 15, 2016 7:52am
i can not understand cable

when usd number at 4:30 is low, by logic, gbp/usd will go north-long
but it went south

why
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #436,644
  • Aug 15, 2016 7:52am Aug 15, 2016 7:52am
what about a 100 pip gap at 1.3600??
  • #436,645
  • Aug 15, 2016 7:53am Aug 15, 2016 7:53am
Quoting Samer1970
i can not understand cable when usd number at 4:30 is low, by logic, gbp/usd will go north-long but it went south why
so that more liquidity generate and market makers eat more...
  • #436,646
  • Aug 15, 2016 7:54am Aug 15, 2016 7:54am
2875 long
  • #436,647
  • Aug 15, 2016 7:54am Aug 15, 2016 7:54am
Quoting pointlessfor
2875 long
2897 first target
  • #436,648
  • Aug 15, 2016 7:55am Aug 15, 2016 7:55am
Quoting Samer1970
i can not understand cable when usd number at 4:30 is low, by logic, gbp/usd will go north-long but it went south why
There is nothing about that news that would really move cable. Only really major or unexpected news move currencies, most of the other movements are either predetermined or technical (like now). Both technical supports were mentioned here several times, one got already hit (.2870).
  • #436,649
  • Aug 15, 2016 7:57am Aug 15, 2016 7:57am
Quoting kk300
what about a 100 pip gap at 1.3600??
What about it? I am looking to day trade. I could be dead by the time it gets back up there
Striving for consistency
  • #436,650
  • Aug 15, 2016 7:58am Aug 15, 2016 7:58am
Quoting Wdfx
{quote} What about it? I am looking to day trade. I could be dead by the time it gets back up there
hahaha..
  • #436,651
  • Aug 15, 2016 7:59am Aug 15, 2016 7:59am
Quoting Wdfx
{quote} What about it? I am looking to day trade. I could be dead by the time it gets back up there
this week will see strong up
  • #436,652
  • Aug 15, 2016 8:01am Aug 15, 2016 8:01am
Inside doji bar just formed on the fifteen minute. Time for a break
Striving for consistency
  • #436,653
  • Aug 15, 2016 8:02am Aug 15, 2016 8:02am
Quoting pointlessfor
{quote} this week will see strong up
I love your optimism pointlessfor
Striving for consistency
  • #436,654
  • Aug 15, 2016 8:02am Aug 15, 2016 8:02am
Quoting pointlessfor
{quote} 2897 first target
SL?
  • #436,655
  • Aug 15, 2016 8:04am Aug 15, 2016 8:04am
Price channels going down
but indicators are oversold on all time frames
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmM15.png Size: 44 KB
  • #436,656
  • Aug 15, 2016 8:05am Aug 15, 2016 8:05am
No high impact news today but BOE has cut rates and printed again. Don't let this be lost on you
Come with me if you want to live....
  • #436,657
  • Aug 15, 2016 8:06am Aug 15, 2016 8:06am
Open sell order at 1.2875 target 1.2852.
We can not learn without pain.
  • #436,658
  • Aug 15, 2016 8:08am Aug 15, 2016 8:08am
Just look at the trade stats detail for gbpusd. It nearly always tells the same story in relation to the trend. The trend is indeed your friend.
Come with me if you want to live....
  • #436,659
  • Aug 15, 2016 8:23am Aug 15, 2016 8:23am
Quoting Samer1970
i can not understand cable when usd number at 4:30 is low, by logic, gbp/usd will go north-long but it went south why

It depends on which one is falling faster!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #436,660
  • Aug 15, 2016 8:25am Aug 15, 2016 8:25am
Quoting Samer1970
i can not understand cable when usd number at 4:30 is low, by logic, gbp/usd will go north-long but it went south why

Well it wasn't just Cable that headed south after news, Euro did same and probably pulled Cable lower....Why? I dun know because even thou it's low impact news it's some sort of bellweather according to forexlive.....
Don't Leave Money on the Table
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