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Cable Update (GBPUSD)

  • #436,821
  • Aug 16, 2016 6:29am Aug 16, 2016 6:29am
Quoting HaLBot
One of the greatest hip hop songs of all time.... https://www.youtube.com/watch?v=ufZq_IQnkAI
who else here is long?
  • #436,822
  • Aug 16, 2016 6:30am Aug 16, 2016 6:30am
Quoting kk300
{quote} who else here is long?
Yep....Long
Don't Leave Money on the Table
  • #436,823
  • Aug 16, 2016 6:31am Aug 16, 2016 6:31am
Quoting kuma666
{quote} That's the hope, I'm shooting for 1.305 myself but there's plenty of room to go past that.
hope has no place in trading game.
  • #436,824
  • Aug 16, 2016 6:31am Aug 16, 2016 6:31am
Quoting HaLBot
{quote} Yep....Long
Same
  • #436,825
  • Edited 6:47am Aug 16, 2016 6:33am | Edited 6:47am
We need someone to go a Billion long to get this over 3000....but the sellers are fighting bad....

Euro hitting a big number doesn't help either....1.1300 and without going over charts I imagine it's an area of resistance...

23rd of June was last time Euro tagged 1.1300.....and that was on a day of the big sell off..Brexit
Don't Leave Money on the Table
  • #436,826
  • Aug 16, 2016 6:36am Aug 16, 2016 6:36am
Quoting mades
{quote} hope has no place in trading game.
You can't predict everything, ask everyone who was long the Franc when they unpegged from the Euro. At our very best, we make well-educated guesses. Nobody makes 100% of their trades for years and years. Everyone takes a loss at one point or another. We all use hope to some degree when we place a trade.
  • #436,827
  • Aug 16, 2016 6:44am Aug 16, 2016 6:44am
#GBPUSD pound @ Res angle 2x1 = 26.25 could have a pause for now... but should continue the uptrend
Attached Image (click to enlarge)
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"W. D. Gann said that time is the most important factor among all things."
  • #436,828
  • Aug 16, 2016 6:45am Aug 16, 2016 6:45am
Been out all morning and as usual missed the action... Stopped out earlier short when I was in a dumb meeting and missed the chance to recover..... I really have to get rid of my other business interests. Now where is it going ? I see it s tested the 1.3000 over the last hour. I suppose we not have to wait for the News out of the US to see if the long continues.
Striving for consistency
  • #436,829
  • Aug 16, 2016 6:46am Aug 16, 2016 6:46am
Quoting HaLBot
We need someone to go a Billion long to get this over 3000....but the sellers are fighting bad.... Euro hitting a big number doesn't help either....1.1300 and without going over charts I imagine it's an area of resistance... 23rd of June was last time Euro tagged 1.1300.....and that was on a day of a big sell off...
I think US data will do it, but we'll see
  • #436,830
  • Aug 16, 2016 6:47am Aug 16, 2016 6:47am
USD news in 45 mins should be a catalyst for a decent move.

If you are long you would like to see a negative CPI result here.
  • #436,831
  • Aug 16, 2016 6:49am Aug 16, 2016 6:49am
Quoting el_duende
USD news in 45 mins should be a catalyst for a decent move. If you are long you would like to see a negative CPI result here.
  • #436,832
  • Aug 16, 2016 6:57am Aug 16, 2016 6:57am
Quoting iamawaited
cable update!! happy pippin cable is begging for 1.286X or lower.. lets see if nature agrees! {image}
GU about to do it now?? Top out action?? lets see!
Trading Eternal...... Shiny & Chrome!!!!
  • #436,833
  • Aug 16, 2016 6:59am Aug 16, 2016 6:59am
Quoting Sammih
{quote} I'm looking at 3058. 3116 also possible in next 48 hrs
sammih is right 3116 i'm very happy but we need to be careful many lot sell eu and buy usd index maybe 1.28xx it easy to come again
  • #436,834
  • Aug 16, 2016 7:03am Aug 16, 2016 7:03am
TP 1 : 1.2990
TP 2 : 1.3050

Long, waiting for the Usd data
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  • #436,835
  • Aug 16, 2016 7:05am Aug 16, 2016 7:05am
everyone is long here so my guess is price will drop if not surprisingly bad data.
  • #436,836
  • Aug 16, 2016 7:09am Aug 16, 2016 7:09am
Quoting mades
everyone is long here so my guess is price will drop if not surprisingly bad data.
Those economic numbers out of UK can't be ignored...
Don't Leave Money on the Table
  • #436,837
  • Aug 16, 2016 7:13am Aug 16, 2016 7:13am
Quoting alonghuman
Added another sell order at 1.2972 target 1.2852
so little breathing space. A 60 pip move north and.......
I'm high on trading, cant you tell?
  • #436,838
  • Aug 16, 2016 7:18am Aug 16, 2016 7:18am
Quoting mades
everyone is long here so my guess is price will drop if not surprisingly bad data.
I dont think thats how it works. You need a better reason than 'everyone is long', so bad data.

I think we will get a 0.1 0r 0.2 and I dont see it affecting price much.
I'm high on trading, cant you tell?
  • #436,839
  • Aug 16, 2016 7:18am Aug 16, 2016 7:18am
few minutes left to decide the fate of pound...
  • #436,840
  • Aug 16, 2016 7:19am Aug 16, 2016 7:19am
Quoting Sammih
{quote} I dont think thats how it works. You need a better reason than 'everyone is long', so bad data. I think we will get a 0.1 0r 0.2 and I dont see it affecting price much.
You don't get the sarcasm. But we'll see. I know how things work (some of them at least). I'm sure price wants to spike up so let it happen.
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