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Cable Update (GBPUSD)

  • #436,781
  • Aug 16, 2016 3:47am Aug 16, 2016 3:47am
Ahhhhhh nice to see some green for a change....and great to see that blood sucking pair E/G getting slammed....lol

Green across the board on Data too....which is pretty amazing after all the doomsayers hammering Cable, yet before Brexit Cable was starting to print some good financial figures...
Don't Leave Money on the Table
  • #436,782
  • Aug 16, 2016 3:48am Aug 16, 2016 3:48am
Quoting pointlessfor
{quote} this one . maybe broker mistake . http://prntscr.com/c6bki6
Had the same thing here, so nice call
  • #436,783
  • Aug 16, 2016 3:49am Aug 16, 2016 3:49am
targeting here.

http://prntscr.com/c6bltu
  • #436,784
  • Aug 16, 2016 3:58am Aug 16, 2016 3:58am
It's been an amazing run for Eur/Gbp hasn't touched the 200ema on multiple time frames since Brexit....
Don't Leave Money on the Table
  • #436,785
  • Aug 16, 2016 4:06am Aug 16, 2016 4:06am
time to set short possitions
  • #436,786
  • Aug 16, 2016 4:08am Aug 16, 2016 4:08am
What was really interesting about this trade is that UK traders dumped Cable - to yesterdays London's 4pm fix price- before rallying it up

This afternoon should be good
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  • #436,787
  • Aug 16, 2016 4:11am Aug 16, 2016 4:11am
Quoting Fader123
What was really interesting about this trade is that UK traders dumped Cable - to yesterdays London's 4pm fix price- before rallying it up This afternoon should be good {image}
Nice pick up..., or do you always factor that in???
Don't Leave Money on the Table
  • #436,788
  • Aug 16, 2016 4:18am Aug 16, 2016 4:18am
This is something I am not used to Cable going north

If the FOMC minutes are dovish - I am expecting US CPI figures - to miss expectations

Main reasons - lower gas prices in US and discounting by retailers
  • #436,789
  • Aug 16, 2016 4:26am Aug 16, 2016 4:26am
Well we got 3 hours before US news, be good if it can get to 3030 before then....
Don't Leave Money on the Table
  • #436,790
  • Aug 16, 2016 4:26am Aug 16, 2016 4:26am
Quoting HaLBot
{quote} Nice pick up..., or do you always factor that in???
Its something to certainly bear in mind
Actually - went long last night and all the data seems to see Cable being long
Purely based on too much strength on dollar- (poor GDP, PPI Services & Retail Sales) a concern
Cable down 500 pips
With the catalyst being CPI today
  • #436,791
  • Aug 16, 2016 4:27am Aug 16, 2016 4:27am
Quoting ttoony
time to set short possitions
Agreed, but I'd wait a bit longer due to strong movement upward and potentially weak US data coming. And I say that as a long term bear. With that said though, ranging is not impossible at this point. We could be in a eur/usd type of scenario until something big happens. Hopefully the drop in the exchange rate will prove beneficial to GBP and the citizens in the UK. Everyone there is hurting bad.
  • #436,792
  • Aug 16, 2016 4:28am Aug 16, 2016 4:28am
Gotta go - meant to be on holiday - wife nagging me to get off the net
good luck
  • #436,793
  • Aug 16, 2016 4:28am Aug 16, 2016 4:28am
Quoting HaLBot
Well we got 3 hours before US news, be good if it can get to 3030 before then....
That would be nice haha
  • #436,794
  • Aug 16, 2016 4:29am Aug 16, 2016 4:29am
Quoting Fader123
Gotta go - meant to be on holiday - wife nagging me to get off the net good luck
Cheers Fader....
Don't Leave Money on the Table
  • #436,795
  • Aug 16, 2016 4:30am Aug 16, 2016 4:30am
Quoting kuma666
{quote} That would be nice haha
Yeah but the second wave is taking longer to get cracking than anticipated...everyones still in shock over UK data.....lol
Don't Leave Money on the Table
  • #436,796
  • Aug 16, 2016 4:34am Aug 16, 2016 4:34am
looking at 1.31x next...

stopped out at 1.2865 from 1.28713 entry...
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  • #436,797
  • Aug 16, 2016 4:36am Aug 16, 2016 4:36am
Quoting HaLBot
{quote} Yeah but the second wave is taking longer to get cracking than anticipated...everyones still in shock over UK data.....lol
Definitely, I think many econ guys/gals saw it coming but everyone else had their minds blown. When you think about it a rise in prices made a lot of sense. That's what made me flip the trade. Lower pound=higher import costs
  • #436,798
  • Aug 16, 2016 4:39am Aug 16, 2016 4:39am
Added another sell order at 1.2972 target 1.2852
We can not learn without pain.
  • #436,799
  • Aug 16, 2016 4:45am Aug 16, 2016 4:45am
Lets see if price can hold above the weekly pivot at 1.2970, next targets would then be 1.3038 and 1.3166.
  • #436,800
  • Aug 16, 2016 4:48am Aug 16, 2016 4:48am
Quoting alonghuman
Added another sell order at 1.2972 target 1.2852
lets burn your acc.,.........................................................................
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