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Cable Update (GBPUSD)

  • #436,981
  • Aug 17, 2016 5:36am Aug 17, 2016 5:36am
Quoting Bones
its about interest rates I would think but i wouldn't worry about that unless you already have a fundamental mind {quote}
Yes, I have read further and I believe you are correct. However, I also believe that yesterdays data was irrelevant in respect of a case for raising UK interest rates so the huge trend change we seen was an overreaction from longs. As such I used todays further spike up to go short at 13051.
  • #436,982
  • Aug 17, 2016 5:42am Aug 17, 2016 5:42am
Also I believe USD due a short-term rebound on expectations and reality of hawkish minutes from the Fed later, which further strengthens my case for short cable @ 13051.
  • #436,983
  • Aug 17, 2016 5:44am Aug 17, 2016 5:44am
We need a clear break above yesterdays high around 1.3050 before targeting 1.3100
Striving for consistency
  • #436,984
  • Aug 17, 2016 5:52am Aug 17, 2016 5:52am
Quoting Wdfx
We need a clear break above yesterdays high around 1.3050 before targeting 1.3100
Just read my own statement..... I am stating the obvious !!!
Striving for consistency
  • #436,985
  • Aug 17, 2016 6:24am Aug 17, 2016 6:24am
ready . up
  • #436,986
  • Aug 17, 2016 6:27am Aug 17, 2016 6:27am
#GBPUSD pound doing a retrace as expected.... once its over should trend higher.... still waiting on a daily close above 1.3026 to begin pyramid trading.
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #436,987
  • Aug 17, 2016 6:37am Aug 17, 2016 6:37am
on the sidelines at the moment
i would go short if it breaks 1.2980 , long if it brakes 1.3070
  • #436,988
  • Aug 17, 2016 6:39am Aug 17, 2016 6:39am
Quoting Qu|cksilver
Hi, Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
I do not think that as high as 1.19 ,, keep your range between 1,280 -1,390
for today
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.JPG Size: 98 KB
  • #436,989
  • Aug 17, 2016 6:40am Aug 17, 2016 6:40am
i am adding long here.
  • #436,990
  • Aug 17, 2016 6:50am Aug 17, 2016 6:50am
Quoting USDollar
#GBPUSD pound doing a retrace as expected.... once its over should trend higher.... still waiting on a daily close above 1.3026 to begin pyramid trading. {image}

D.P.

P.S. The only thing I should add. There should be enough for the current daily candle to be closed within the upper 1/3 of the previous daily candle (there is no need watching for the 3026 level - however, I understand why you are doing that way).
Hunting High and Low
  • #436,991
  • Aug 17, 2016 6:54am Aug 17, 2016 6:54am
st didn't get past 195 .... yet, might get 1.2967 soon..

lets see if it can get past 1.2995
  • #436,992
  • Aug 17, 2016 7:26am Aug 17, 2016 7:26am
Quoting Don96
st didn't get past 195 .... yet, might get 1.2967 soon.. lets see if it can get past 1.2995
lets see if we can get break 3046
  • #436,993
  • Aug 17, 2016 7:30am Aug 17, 2016 7:30am
Level 1,3 is being bought out...
News might bring us to the lower levels but... might not.

Best
D.P.
Hunting High and Low
  • #436,994
  • Aug 17, 2016 7:30am Aug 17, 2016 7:30am
Quoting pointlessfor
{quote} lets see if we can get break 3046
perhaps ,, but I do not think exceed 1.3700
  • #436,995
  • Aug 17, 2016 7:31am Aug 17, 2016 7:31am
Quoting Dr.Phoenix
Level 1,3 is being bought out... News might bring us to the lower levels but... might not. Best D.P.
not now.
  • #436,996
  • Aug 17, 2016 7:37am Aug 17, 2016 7:37am
Quoting pointlessfor
{quote} not now.
It 's what I hope happens today ,, recalling the minutes of the Fed later today ,,
analysis ,, respecting fibo 61.8 area
Attached Image (click to enlarge)
Click to Enlarge Name: gbp2.JPG Size: 94 KB
  • #436,997
  • Aug 17, 2016 7:49am Aug 17, 2016 7:49am
Quoting michellperez
{quote} It 's what I hope happens today ,, recalling the minutes of the Fed later today ,, analysis ,, respecting fibo 61.8 area {image}
3043 good.
second move dont know now
  • #436,998
  • Aug 17, 2016 8:22am Aug 17, 2016 8:22am
3030 could be res
  • #436,999
  • Aug 17, 2016 8:40am Aug 17, 2016 8:40am
shorts now good
  • #437,000
  • Aug 17, 2016 9:03am Aug 17, 2016 9:03am
Short GU 1.30000 Target 1.2957
Just 20 pips a day to riches
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