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Cable Update (GBPUSD)

  • #437,841
  • Aug 25, 2016 9:12am Aug 25, 2016 9:12am
Quoting pointlessfor
long 3213
closed 3202. short 3202
  • #437,842
  • Aug 25, 2016 9:18am Aug 25, 2016 9:18am
Close my long in EG very early, NEW SETUP
  • #437,843
  • Aug 25, 2016 9:19am Aug 25, 2016 9:19am
Here
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  • #437,844
  • Aug 25, 2016 9:40am Aug 25, 2016 9:40am
Bounced around 2nd support e . See it it gets kicked out of bed round 3209 short and short again below 3170
  • #437,845
  • Aug 25, 2016 9:43am Aug 25, 2016 9:43am
I have been short for days. From 30532.

I have been quite stretched for free margin but I have held out for a retrace. Although it has not retraced far enough for an immediate drop I believe that it could fall further after New York lunch.

Cable always seems to have delayed movements after news releases that aren't super important. There has been good news for USD but we see a rise. I think possible that NEW YORK are setting up bull traps. After lunch Its probable to see a big drop down towards 3050 area.

But this is just an opinion folks. GBP is far from its true strength... Has been since 2007. Look at how long its taken to get back to just 1.7000 over the past years.

The lows on GBP are probably here to stay. It could drop to 1 = 1 who knows.

Im staying short for now. Experience tells a story of late moves from New York
  • #437,846
  • Aug 25, 2016 9:57am Aug 25, 2016 9:57am
Yeah the graph did falling off after bearish crab sign confirmed by double top. Then she landed at 100 fibo that created bearish crab sign. By theory, the graph should diving down after good news from USD however seem like she just cant be bother with that news. Thats telling me the bearish wave isn't good enough. Its likely there are the bulls who just sitting down somewhere waiting to be triggered to make another new high probably tomox. So seem like for the next 24hours just scalp session n volatile till Fed Chair Yellen Speaks
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  • #437,847
  • Aug 25, 2016 9:59am Aug 25, 2016 9:59am
Quoting pointlessfor
{quote} closed 3202. short 3202
closed 3191
  • #437,848
  • Aug 25, 2016 10:03am Aug 25, 2016 10:03am
Quoting nafham
Yeah the graph did falling off after bearish crab sign confirmed by double top. Then she landed at 100 fibo that created bearish crab sign. By theory, the graph should diving down after good news from USD however seem like she just cant be bother with that news. Thats telling me the bearish wave isn't good enough. Its likely there are the bulls who just sitting down somewhere waiting to be triggered to make another new high probably tomox. So seem like for the next 24hours just scalp session n volatile till Fed Chair Yellen Speaks {image}
Great insight, but don't you think that 100 fibo could be being tested?
A good strategy for trading is... the opposite of having a bad strategy.
  • #437,849
  • Aug 25, 2016 10:05am Aug 25, 2016 10:05am
Hi Guys, i would go down from now as i mentioned before 2 weeks ago it has reached the 1.32/.3250 area. Now will go down to 1.25/26 area soon.
So be careful while buying GBP/USD on this stage. it looks very very risky.
For long terms traders it's a great opportunity to go short at least till 1.28 1st TP and 2nd TP 1.2650 3rd Tp 1.250
  • #437,850
  • Aug 25, 2016 10:05am Aug 25, 2016 10:05am
[quote=Afarensis;9101922]Close my short, waiting retracement (test trend lines) to enter another short. Divergence in M15 (died cat rebound)

Shorting this on peak of the rebound my sl on be
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  • #437,851
  • Aug 25, 2016 10:06am Aug 25, 2016 10:06am
3182 long
  • #437,852
  • Aug 25, 2016 10:10am Aug 25, 2016 10:10am
Quoting PowerTrade
{quote} Great insight, but don't you think that 100 fibo could be being tested?
Cable has made higher highs every day this week. The question is will it recover today to up around the 1.3270 level or has it run out of steam with the major players waiting for the news tomorrow? I am long at present but considering pulling the trade as I am not far from BE ( should have locked in profits earlier). I Will give it a little while yet.
Striving for consistency
  • #437,853
  • Aug 25, 2016 10:25am Aug 25, 2016 10:25am
Quoting Wdfx
{quote} Cable has made higher highs every day this week. The question is will it recover today to up around the 1.3270 level or has it run out of steam with the major players waiting for the news tomorrow? I am long at present but considering pulling the trade as I am not far from BE ( should have locked in profits earlier). I Will give it a little while yet.
yeah. in the H4 graph shown that she been knocked her head 4 times since BREXIT. She telling me that the next one she could break it through. Seem like tomox is the biggest day of the month. Either spike or dive.
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  • #437,854
  • Aug 25, 2016 10:31am Aug 25, 2016 10:31am
Close my shorts, for the moment scalping only
  • #437,855
  • Aug 25, 2016 10:38am Aug 25, 2016 10:38am
H&S in 4H...
  • #437,856
  • Aug 25, 2016 10:41am Aug 25, 2016 10:41am
Quoting kk300
H&S in 4H...
Eh?? I would be grateful if you would please explain to the numpties amongst us.
Striving for consistency
  • #437,857
  • Edited Aug 26, 2016 10:08am Aug 25, 2016 10:51am | Edited Aug 26, 2016 10:08am
2 daysl move down around 100 pips would like to see 3160 resting time nice Friday
  • #437,858
  • Aug 25, 2016 10:51am Aug 25, 2016 10:51am
Quoting Wdfx
{quote} Eh?? I would be grateful if you would please explain to the numpties amongst us.
Head and shoulders
  • #437,859
  • Aug 25, 2016 11:00am Aug 25, 2016 11:00am
near my lower channel...another retracement maybe
  • #437,860
  • Aug 25, 2016 11:01am Aug 25, 2016 11:01am
Bounces at 1.31700
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