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Cable Update (GBPUSD)

  • #437,581
  • Aug 23, 2016 6:18am Aug 23, 2016 6:18am
Quoting Dr.Phoenix
{quote} Why 3280? What is there? Best D.P.
IMHO, the channel resistance
  • #437,582
  • Aug 23, 2016 6:29am Aug 23, 2016 6:29am
Quoting Fx_Anil
{quote} IMHO, the channel resistance
Taken into consideration...

Best
D.P.
Hunting High and Low
  • #437,583
  • Aug 23, 2016 6:40am Aug 23, 2016 6:40am
Quoting iamawaited
Martingale Sellers!!!! Okay buckle up guys lets ride this to the bottom!!!
u sure pounds aint settin a trap for dem sellers?hmmmn, in Fx anytin is possible
  • #437,584
  • Aug 23, 2016 6:51am Aug 23, 2016 6:51am
Quoting yuddy
{quote} u sure pounds aint settin a trap for dem sellers?hmmmn, in Fx anytin is possible
"Bulls make money, bears make money, but hogs and sheep get slaughtered. Whenever the market is open, bulls are buying, bears are selling, hogs and sheep get trampled underfoot....."

I see you are a bear my friend
I'm high on trading, cant you tell?
  • #437,585
  • Edited 7:31am Aug 23, 2016 7:15am | Edited 7:31am
The sharp move up is not expected.

Edited. Take profits are valid. No positions are closed.

D.P.

P.S. Logic is simple. We broke out the monthly pivot, and all the day we has been upper than the monthly pivot, though news could have brought us down. Here the question - why?
Hunting High and Low
  • #437,586
  • Aug 23, 2016 7:43am Aug 23, 2016 7:43am
Come on GU! is it finally breaking down?
Just 20 pips a day to riches
  • #437,587
  • Edited 8:04am Aug 23, 2016 7:51am | Edited 8:04am
Quoting yuddy
{quote} u sure pounds aint settin a trap for dem sellers?hmmmn, in Fx anytin is possible
No traps i am selling martingale style.. it must go down below 3047 first on my chart.. when it gets below i will martingale BUY again from there!!
Oh CAD ... u slimy slippery thing!!
Trading Eternal...... Shiny & Chrome!!!!
  • #437,588
  • Aug 23, 2016 8:08am Aug 23, 2016 8:08am
So, PA is mixed. Yeah, the price can move down before moving up.
Take care trading

Best
D.P.
Hunting High and Low
  • #437,589
  • Aug 23, 2016 8:33am Aug 23, 2016 8:33am
Quoting Sammih
{quote} "Bulls make money, bears make money, but hogs and sheep get slaughtered. Whenever the market is open, bulls are buying, bears are selling, hogs and sheep get trampled underfoot....." I see you are a bear my friend
dollar is king, sir, brexit is still in the air
  • #437,590
  • Aug 23, 2016 8:37am Aug 23, 2016 8:37am
Quoting iamawaited
{quote} No traps i am selling martingale style.. it must go down below 3047 first on my chart.. when it gets below i will martingale BUY again from there!! Oh CAD ... u slimy slippery thing!!
real talk broh,GU home is the pit, but ur emphasis using "must"is quite funny, Lol
  • #437,591
  • Aug 23, 2016 8:38am Aug 23, 2016 8:38am
I've been away for a couple of hours. I note nothing much has changed
Striving for consistency
  • #437,592
  • Aug 23, 2016 8:46am Aug 23, 2016 8:46am
dull market
  • #437,593
  • Aug 23, 2016 8:47am Aug 23, 2016 8:47am
Quoting MXT
dull market
I should just walk away. I tend to try and scalp this market... normally loose
Striving for consistency
  • #437,594
  • Aug 23, 2016 8:53am Aug 23, 2016 8:53am
Quoting Wdfx
{quote} I should just walk away. I tend to try and scalp this market... normally loose
i'm gonna walk away too
  • #437,595
  • Aug 23, 2016 9:17am Aug 23, 2016 9:17am
what about the gap at 3600?
  • #437,596
  • Aug 23, 2016 9:18am Aug 23, 2016 9:18am
Quoting MXT
{quote} i'm gonna walk away too
Have you walked way yet?? I'm still scratchin around.
Striving for consistency
  • #437,597
  • Aug 23, 2016 9:21am Aug 23, 2016 9:21am
Quoting Wdfx
{quote} Have you walked way yet?? I'm still scratchin around.
it's still in that narrow range, let's see if it can break to the upside
  • #437,598
  • Edited 9:35am Aug 23, 2016 9:22am | Edited 9:35am
No news- no moves
Hottest day of the year in London
On Thursday might be some movement
Reckon on balance another miss for Durable Goods
Friday - GDP and Yellen
US GDP is the main one will have an update on this on Friday
Regarding Yellen after looking through everything I think she will be dovish in the short term.
Reckon she might bring these hawks Dudley etc...into line-(she has done it before when they were all talking about raising rates
How can interest rates be raised with weakness in the US economy. GDP, PPI services, all missed expectations and month on month CPI was zero or something like it
Lets not forget the recent FOMC minutes which were typically dovish and were before all these poor prints
Only cons are a lot of Fed memebers have been hawkish and UK doing better
Overall cant see her being hawkish if she is going to be data dependant.
  • #437,599
  • Aug 23, 2016 9:32am Aug 23, 2016 9:32am
Quoting MXT
{quote} it's still in that narrow range, let's see if it can break to the upside
EURUSD more interesting at the moment testing 1.130. Might be a quickie
Striving for consistency
  • #437,600
  • Aug 23, 2016 9:39am Aug 23, 2016 9:39am
Quoting Wdfx
{quote} EURUSD more interesting at the moment testing 1.130. Might be a quickie
yep
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