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Cable Update (GBPUSD)

  • #436,961
  • Aug 17, 2016 3:22am Aug 17, 2016 3:22am
Quoting pointlessfor
2986 first
i am still long on gu. 3097 looking now
  • #436,962
  • Aug 17, 2016 3:26am Aug 17, 2016 3:26am
Possible down movement with TP 1.2970 / 1.2960

EDIT. trade not opened beacause not triggered
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  • #436,963
  • Aug 17, 2016 3:26am Aug 17, 2016 3:26am
Staying in the sidelines expecting a huge drop or a small pop up! Any impact on labor data will increase Brexit fears
  • #436,964
  • Aug 17, 2016 3:28am Aug 17, 2016 3:28am
Quoting PipMaxzz
Staying in the sidelines expecting a huge drop or a small pop up! Any impact on labor data will increase Brexit fears
Looks like down to me, but we'll see in a couple of minutes
  • #436,965
  • Aug 17, 2016 3:29am Aug 17, 2016 3:29am
1,2,3.....drop

Quoting kuma666
{quote} Looks like down to me, but we'll see in a couple of minutes
  • #436,966
  • Aug 17, 2016 3:30am Aug 17, 2016 3:30am
Quoting kuma666
{quote} Looks like down to me, but we'll see in a couple of minutes
Down we go


Scratch that, closed shorts with small loss
  • #436,967
  • Aug 17, 2016 3:38am Aug 17, 2016 3:38am
Wait for the candles to settle.
Quoting kuma666
{quote} Down we go Scratch that, closed shorts with small loss
  • #436,968
  • Aug 17, 2016 3:38am Aug 17, 2016 3:38am
got this

http://prntscr.com/c6rfjq
  • #436,969
  • Aug 17, 2016 3:44am Aug 17, 2016 3:44am
Apparently this is not the whole Brexit employment details only part of it, next month will give a better picture and the way Cable has reacted says it still has the 'Brexit Blues'
Don't Leave Money on the Table
  • #436,970
  • Aug 17, 2016 3:52am Aug 17, 2016 3:52am
Quoting iamawaited
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. {image} {image}
UPDATE!
GU rushing for sweet spot down there bcos she really wants to go up quickly.
Trading Eternal...... Shiny & Chrome!!!!
  • #436,971
  • Aug 17, 2016 4:00am Aug 17, 2016 4:00am
Quoting iamawaited
{quote} UPDATE! GU rushing for sweet spot down there bcos she really wants to go up quickly.
yeah 2986 my target.
later i will go long
  • #436,972
  • Aug 17, 2016 4:04am Aug 17, 2016 4:04am
some may try longs at 1.2967/1.2955... more patience 1.2888/1.287x also better RR
  • #436,973
  • Aug 17, 2016 4:10am Aug 17, 2016 4:10am
I entered in the retrace and I was stopped out, and it was a huge drop >_<
A good strategy for trading is... the opposite of having a bad strategy.
  • #436,974
  • Aug 17, 2016 4:43am Aug 17, 2016 4:43am
no shorts. thinking 3060 - 3120
  • #436,975
  • Aug 17, 2016 4:49am Aug 17, 2016 4:49am
Quoting Don96
some may try longs at 1.2967/1.2955... more patience 1.2888/1.287x also better RR
1.38 and 1.41 are valid from 1.286x...

could also take shorts from 1.308x
  • #436,976
  • Aug 17, 2016 4:57am Aug 17, 2016 4:57am
I opened another long position, my target is at 1.3070.
  • #436,977
  • Aug 17, 2016 4:58am Aug 17, 2016 4:58am
Quoting Don96
{quote} 1.38 and 1.41 are valid from 1.286x... could also take shorts from 1.308x
I think is better wait for add longs. UDSX seem will have down path in next weeks
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Try don't lose pants never...
  • #436,978
  • Aug 17, 2016 5:01am Aug 17, 2016 5:01am
Quoting braintheboss
{quote} I think is better wait for add longs. UDSX seem will have down path in next weeks {image}
yeah I agree with USD weakness... but pound isn't great either..

1.2967/55 might try some longs for 1.317x target... 1.308x may be R for some short s

in smaller things....
chart has LH on h4... bears may try stay below that H... likewise with bulls to get lower for better entry cheaper seats... its viable, may only give 100 pips..
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  • #436,979
  • Aug 17, 2016 5:06am Aug 17, 2016 5:06am
Quoting Don96
{quote} yeah I agree with USD weakness... but pound isn't great either.. 1.2967/55 might try some longs for 1.317x target... 1.308x may be R for some short s
I readed UK will not leave before 2019. But seem they are gaining time for search excuse for they dont leave. And even EURUSD seem strong last weeks I think GBPUSD have much room for up then EURUSD. If you check EURGBP you will see EUR start to lose power. But its hard know will happens with this so tricky market
Try don't lose pants never...
  • #436,980
  • Aug 17, 2016 5:08am Aug 17, 2016 5:08am
Quoting braintheboss
{quote} I readed UK will not leave before 2019. But seem they are gaining time for search excuse for they dont leave. And even EURUSD seem strong last weeks I think GBPUSD have much room for up then EURUSD. If you check EURGBP you will see EUR start to lose power. But its hard know will happens with this so tricky market
I have EU going higher still, likewise with GU, numbers I post that are close to current price are smaller numbers... I tried long at 1.2871 and was stopped out at 1.2865... that was best entry for me so far... ill wait to see if it gets back down there to go long, FOMC may bring some movement later
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