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Cable Update (GBPUSD)

  • #436,861
  • Aug 16, 2016 7:46am Aug 16, 2016 7:46am
Quoting pointlessfor
{quote} gu up up up . dont worry this down move. just target 3000 . and trying long again .. cant find entry now
I think the same, the move was rejected by almost every EMA (except daily).
A good strategy for trading is... the opposite of having a bad strategy.
  • #436,862
  • Aug 16, 2016 7:48am Aug 16, 2016 7:48am
Quoting PowerTrade
{quote} I think the same, the move was rejected by almost every EMA (except daily).
m30 strong triple top. but i think we will visit top again
  • #436,863
  • Aug 16, 2016 7:49am Aug 16, 2016 7:49am
Quoting el_duende
{quote} Not yet but I would expect a shakeout, re-entered a long at 1.2950
Stop hunting you think????
Don't Leave Money on the Table
  • #436,864
  • Aug 16, 2016 7:52am Aug 16, 2016 7:52am
200 EMA 1h rejected
upper channel trendline rejected (5 times on hourly TF)
  • #436,865
  • Aug 16, 2016 7:56am Aug 16, 2016 7:56am
Quoting HaLBot
{quote} Well my opinion is they are still correlated but Eur/Gbp is sucking the life blood outa GBP, every time you get a half decent rally Eur/Gbp buyers are there to spoil the fun...
They probably are... Just my imagination and paranoia
Striving for consistency
  • #436,866
  • Aug 16, 2016 7:57am Aug 16, 2016 7:57am
Quoting mades
200 EMA 1h rejected upper channel trendline rejected (5 times on hourly TF)
I don't want to speak to soon but 20 and 50 emas are holding up well with 5ema well above them...so still biased to upside but we shall see....obviously the Markets liked something about them US figures

Vice Chairman Dudleys speech to do with not getting complacent about interest rate hikes that boosted Dollar.....Bugger had to spoil the fun LOL
Don't Leave Money on the Table
  • #436,867
  • Aug 16, 2016 7:57am Aug 16, 2016 7:57am
Quoting HaLBot
{quote} I don't want to speak to soon but 20 and 50 emas are holding up well with 5ema well above them...so still biased to upside but we shall see....obviously the Markets liked something about them US figures
u thinking good. i am long
  • #436,868
  • Aug 16, 2016 7:58am Aug 16, 2016 7:58am
needs a break through 2945/40 for it to continue to fall
Striving for consistency
  • #436,869
  • Aug 16, 2016 7:59am Aug 16, 2016 7:59am
Quoting Wdfx
needs a break through 2945/40 for it to continue to fall
in your dreams now
  • #436,870
  • Aug 16, 2016 8:00am Aug 16, 2016 8:00am
Quoting HaLBot
{quote} Stop hunting you think????
That is my thinking.

However reports show one of the FED members now actually saying 'approaching time to raise rates' which makes no sense to me. But then they are funnymentals.

Im still long bias.
  • #436,871
  • Aug 16, 2016 8:01am Aug 16, 2016 8:01am
Quoting el_duende
{quote} That is my thinking. However reports show one of the FED members now actually saying 'approaching time to raise rates' which makes no sense to me. But then they are funnymentals. Im still long bias.

That they are, that they are....
Don't Leave Money on the Table
  • #436,872
  • Aug 16, 2016 8:02am Aug 16, 2016 8:02am
Quoting HaLBot
{quote} I don't want to speak to soon but 20 and 50 emas are holding up well with 5ema well above them...so still biased to upside but we shall see....obviously the Markets liked something about them US figures Vice Chairman Dudleys speech to do with not getting complacent about interest rate hikes that boosted Dollar.....Bugger had to spoil the fun LOL
looking at indecision 1h candle, both directions possible now.
  • #436,873
  • Aug 16, 2016 8:02am Aug 16, 2016 8:02am
Quoting mades
{quote} looking at indecision 1h candle, both directions possible now.
only longs possible cos i am long .. hehe
  • #436,874
  • Aug 16, 2016 8:04am Aug 16, 2016 8:04am
consider location gbp v nzd ? ,see d1 close
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP USD H12 (DFB).png Size: 25 KB
Click to Enlarge Name: GBP USD 3 DAY (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #436,875
  • Aug 16, 2016 8:11am Aug 16, 2016 8:11am
Although the GBPUSD is making an upward push atm, the technical situation is mixed. The mood favours the northward tone but the momentum is weak.

KP
Do your homework, follow the footprints of smart money
  • #436,876
  • Aug 16, 2016 8:18am Aug 16, 2016 8:18am
Bouncing off fib levels at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
  • #436,877
  • Aug 16, 2016 8:20am Aug 16, 2016 8:20am
Difficult to judge where it is going next. I am out at present. Looking for entry points at 2980, 3000 or 2945/50 long or short ? I am open minded and depending on the Candles.
Striving for consistency
  • #436,878
  • Aug 16, 2016 8:21am Aug 16, 2016 8:21am
Quoting HaLBot
{quote} Stop hunting you think????
no! stop hunting couldn't be this wide. its happening to USD pairs.
  • #436,879
  • Aug 16, 2016 8:25am Aug 16, 2016 8:25am
Hmmm that Fed member has thrown a spanner in the works
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4f.png Size: 29 KB
  • #436,880
  • Aug 16, 2016 8:59am Aug 16, 2016 8:59am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4H 16082016.JPG Size: 136 KB
Quoting el_duende
Hmmm that Fed member has thrown a spanner in the works {image}
Interesting how the charts look slightly different from different locations. Here's a UK time GBPUSD chart to compare.
Striving for consistency
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