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Cable Update (GBPUSD)

  • #438,261
  • Aug 30, 2016 2:01am Aug 30, 2016 2:01am
I think we go up on cable from here!
  • #438,262
  • Aug 30, 2016 2:04am Aug 30, 2016 2:04am
Quoting hamidabdiyan
I think we go up on cable from here!
....i thik so, too...
  • #438,263
  • Aug 30, 2016 2:06am Aug 30, 2016 2:06am
Quoting salmani-one
{quote} ....i thik so, too...
Cable still looks week thou, a break above 3100 would be nice...
Don't Leave Money on the Table
  • #438,264
  • Aug 30, 2016 2:10am Aug 30, 2016 2:10am
The best time for me to make pips is when I leave things alone. ... Time to walk the dogs.. I expect the pip fairy to have done her stuff by the time I get back and leave me some pixie pips !.

See you all in an hour and a half..

Still long by the way..
Striving for consistency
  • #438,265
  • Aug 30, 2016 2:16am Aug 30, 2016 2:16am
It's interesting that buyers want to come in at 3065.....well it is to me...It's like their defending that level because below there we could head to 3000, so is there an option around 3100 that needs defending?

Guess this answers my question and I expect failure at 3100 where offers are gathered

http://orders.forexlive.com/!/gbpusd...0-aug-20160830
Don't Leave Money on the Table
  • #438,266
  • Aug 30, 2016 2:24am Aug 30, 2016 2:24am
Quoting Don96
{quote} 1.3051 an 1.3037 may be good for longs
Not at charts atm so not sure the strength in these numbers, but they are there...
  • #438,267
  • Aug 30, 2016 2:26am Aug 30, 2016 2:26am
Quoting Don96
{quote} Not at charts atm so not sure the strength in these numbers, but they are there...
Both areas good for buying unless there is a strong push downwards...
Don't Leave Money on the Table
  • #438,268
  • Aug 30, 2016 2:28am Aug 30, 2016 2:28am
Quoting Wdfx
The best time for me to make pips is when I leave things alone. ... Time to walk the dogs.. I expect the pip fairy to have done her stuff by the time I get back and leave me some pixie pips !. See you all in an hour and a half.. Still long by the way..

Good Idea , walking with lovely papys, i think you should walk with your dog more than once in day!
  • #438,269
  • Aug 30, 2016 3:36am Aug 30, 2016 3:36am
I'm back and have locked in a small profit. My patience is being tried. USDJPY is getting near an interesting level (apologies for going off topic)
Striving for consistency
  • #438,270
  • Aug 30, 2016 3:43am Aug 30, 2016 3:43am
Quoting Wdfx
I'm back and have locked in a small profit. My patience is being tried. USDJPY is getting near an interesting level (apologies for going off topic)
From day one of this thread there was no rules stating you couldn't post about other currencies and I see no problem with that especially when an 'off topic' currency can directly affect GBP/USD......
Don't Leave Money on the Table
  • #438,271
  • Aug 30, 2016 3:44am Aug 30, 2016 3:44am
Quoting HaLBot
{quote} From day one of this thread there was no rules stating you couldn't post about other currencies and I see no problem with that especially when an 'off topic' currency can directly affect GBP/USD......
Thanks M8 cable now moving
Striving for consistency
  • #438,272
  • Aug 30, 2016 3:50am Aug 30, 2016 3:50am
Quoting Wdfx
{quote} Thanks M8 cable now moving
And probably 99% of all posts here are to do with gbp/usd....
Don't Leave Money on the Table
  • #438,273
  • Aug 30, 2016 3:51am Aug 30, 2016 3:51am
Are we going to push through 1.3100?
Striving for consistency
  • #438,274
  • Aug 30, 2016 3:54am Aug 30, 2016 3:54am
That little move up is due to US Fed Vice-Chair Stanley Fisher speaking to Bloombergs...will it continue?
Don't Leave Money on the Table
  • #438,275
  • Aug 30, 2016 4:01am Aug 30, 2016 4:01am
Quoting HaLBot
That little move up is due to US Fed Vice-Chair Stanley Fisher speaking to Bloombergs...will it continue?
...maybe, YES!...
  • #438,276
  • Aug 30, 2016 4:10am Aug 30, 2016 4:10am
Quoting salmani-one
{quote} ...maybe, YES!...
...depends on what he is saying...
  • #438,277
  • Aug 30, 2016 4:13am Aug 30, 2016 4:13am
Quoting salmani-one
{quote} ...depends on what he is saying...
In his speech there was lack of talk about imminent rate hike and he mentioned negative rates working for other central banks..

Shame his speech wasn't good for 70 pips....LOL

It has however pushed Cable into more positive territory re. timeframes so hopefully more buyers will jump on board...just have to see
Don't Leave Money on the Table
  • #438,278
  • Aug 30, 2016 4:17am Aug 30, 2016 4:17am
Quoting HaLBot
{quote} In his speech there was lack of talk about imminent rate hike and he mentioned negative rates working for other central banks.. Shame his speech wasn't good for 70 pips....LOL
From what I've picked up his speech was slightly hawkish and the mortgage approval rate out of the UK is down. Shouldn't the currency be going south? Am I missing something?
Striving for consistency
  • #438,279
  • Aug 30, 2016 4:20am Aug 30, 2016 4:20am
Quoting Wdfx
{quote} From what I've picked up his speech was slightly hawkish and the mortgage approval rate out of the UK is down. Shouldn't the currency be going south? Am I missing something?
It's what he didn't say, which was when the US will raise rates also he mentioned negative rates were working for other countries central banks...

Also yes the UK news wasn't that good and Cable headed down to demand area of 3065 and was bought at that level, and then Fisher's speech gave it a bit more buying fuel but I thought Cable was going to 3100 anyway..
Don't Leave Money on the Table
  • #438,280
  • Edited 4:37am Aug 30, 2016 4:24am | Edited 4:37am
long @ 1.3094
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