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Cable Update (GBPUSD)

  • #436,941
  • Aug 16, 2016 5:23pm Aug 16, 2016 5:23pm
Quoting skyhok
Medium term short, SL @ top of (iv), target 1.2850 {image}
Nice.. I really appreciate...
  • #436,942
  • Aug 16, 2016 6:02pm Aug 16, 2016 6:02pm
Closed longs and opened Short at 3045, SL at 308
  • #436,943
  • Aug 16, 2016 7:06pm Aug 16, 2016 7:06pm
Quoting kuma666
Closed longs and opened Short at 3045, SL at 308
Wow, exactly the same selling position and SL as well.
Believe what you see instead of what you think!
  • #436,944
  • Aug 16, 2016 7:17pm Aug 16, 2016 7:17pm
Quoting JasmineQu
{quote} Wow, exactly the same selling position and SL as well.
Let's see what happens
  • #436,945
  • Aug 16, 2016 9:54pm Aug 16, 2016 9:54pm
See if we re- test and make a new high today ..
Good luck all you Shorties ..
  • #436,946
  • Aug 16, 2016 10:18pm Aug 16, 2016 10:18pm
Key Cable level today.
Attached Image (click to enlarge)
Click to Enlarge Name: 160817_gbpusd_4hourly.png Size: 31 KB
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  • #436,947
  • Aug 16, 2016 10:37pm Aug 16, 2016 10:37pm
Quoting onlytrading
Hi all, I am new to forex. Can anyone tell me why a slightly higher than expected cpi inflation figure this morning reversed the cable downtread? Surely higher inflation devalues a currency, at least according to every economic article I have ever read.
well I won't dig up my high school econ books from 30 years ago (the last time I studied the subject), but a healthy CPI indicates healthy demand I think, as opposed to deflation which indicates things are in the clappers. With regards to devaluing a currency, my thoughts were that devaluing a currency through the devilish ingenious fiat strategy allowing the printing of sh!t loads is what causes hyperinflation, not the other way around.
http://www.businessinsider.com.au/9-...45-july-1946-1

Just my thoughts anyway as I stay at home channel surfing between the Olympics, Forex Factory and completing my uni assignment
Come with me if you want to live....
  • #436,948
  • Aug 16, 2016 10:50pm Aug 16, 2016 10:50pm
Quoting dean1star
See if we re- test and make a new high today .. Good luck all you Shorties ..
looking long also
Striving for consistency
  • #436,949
  • Aug 16, 2016 10:53pm Aug 16, 2016 10:53pm
Quoting elbert3
Hi Dr would like to see 3212 hope your well regards B
Hi B im fine & u, 32 seems likely this week,  regards Zain
  • #436,950
  • Aug 16, 2016 11:05pm Aug 16, 2016 11:05pm
Quoting Wdfx
{quote} looking long also
How did it go yesterday .. hope you didn't get caught on the up from the news - i usually close on 50 pips or the end of the move if its over 50 pips ..
yesterdays short was touching plus 60 pips so closed it before .. counter move would of been nice .. but you cant get em all right ..
  • #436,951
  • Aug 16, 2016 11:11pm Aug 16, 2016 11:11pm
Quoting dean1star
{quote} How did it go yesterday .. hope you didn't get caught on the up from the news - i usually close on 50 pips or the end of the move if its over 50 pips .. yesterdays short was touching plus 60 pips so closed it before .. counter move would of been nice .. but you cant get em all right ..
I was short before the UK News ... went to a meeting and got stopped out. Recovered part of my position when I came back in after the US news. Overall just slightly down for the day. Hoping for a better one today. I know my challenge is impatience and my entry points.... just experience needed?
Striving for consistency
  • #436,952
  • Aug 16, 2016 11:11pm Aug 16, 2016 11:11pm
today 2986 should hit first before up. i am long 3027
  • #436,953
  • Aug 16, 2016 11:13pm Aug 16, 2016 11:13pm
Quoting Wdfx
{quote} I was short before the UK News ... went to a meeting and got stopped out. Recovered part of my position when I came back in after the US news. Overall just slightly down for the day. Hoping for a better one today. I know my challenge is impatience and my entry points.... just experience needed?
On reflection last night I should have been long we were at a five week low for Cable so at a major resistance point. I just didn't see it yesterday.
Striving for consistency
  • #436,954
  • Aug 16, 2016 11:18pm Aug 16, 2016 11:18pm
50 pips boom done for the day see you tomorrow .. might look to short this move if i were counter trading ..
AND that was like so quick almost a record lol but targets and discipline work together ..
  • #436,955
  • Aug 16, 2016 11:26pm Aug 16, 2016 11:26pm
Quoting dean1star
50 pips boom done for the day see you tomorrow .. might look to short this move if i were counter trading .. AND that was like so quick almost a record lol but targets and discipline work together ..
Cheers have a great day
Striving for consistency
  • #436,956
  • Aug 16, 2016 11:32pm Aug 16, 2016 11:32pm
Attached Image (click to enlarge)
Click to Enlarge Name: 16.08.jpg Size: 153 KB

Pound went more deep that i waited, but it is market and now we can see another plan. Pound will go to good point for open short, but i think, it will be after down movement to 1.29, and then will move to point for short.
  • #436,957
  • Aug 16, 2016 11:35pm Aug 16, 2016 11:35pm
Cable news in 2 hours
TE started 6/4/19
  • #436,958
  • Aug 16, 2016 11:47pm Aug 16, 2016 11:47pm
Hi ALL,

GBPUSD D1 double bottom and Demand D1 area .....

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB


Watching GBPUSD If price break out 1.3098 area should be nice to entry long TP D1 Supply ...
And short entry If break the D1 Demand Area ....

See H1 GBPUSD ..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 38 KB
  • #436,959
  • Aug 17, 2016 1:17am Aug 17, 2016 1:17am
2986 first
  • #436,960
  • Aug 17, 2016 1:18am Aug 17, 2016 1:18am
this should be next Cable Move because EUGBP has not finished the last leg up so here is FORECAST. That last leg must work for us to go up comfortably.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH17.png Size: 21 KB
Click to Enlarge Name: EURGBPH17.png Size: 23 KB
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