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Cable Update (GBPUSD)

  • #438,281
  • Aug 30, 2016 6:25am Aug 30, 2016 6:25am
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 It has however pushed Cable into more positive territory re. timeframes so hopefully more buyers will jump on board...just have to see
@HaLBot: maybe you get your 70 pips, me, too....?!
  • #438,282
  • Aug 30, 2016 6:30am Aug 30, 2016 6:30am
Quoting salmani-one
{quote} @HaLBot: maybe you get your 70 pips, me, too....?!

Yes I've made 30 pips today but another 40 would be much better.....could be an interesting US session ahead..
Don't Leave Money on the Table
  • #438,283
  • Aug 30, 2016 6:37am Aug 30, 2016 6:37am
Quoting HaLBot
{quote} Yes I've made 30 pips today but another 40 would be much better.....could be an interesting US session ahead..
...yes I think and hope so for us :-) ....
  • #438,284
  • Aug 30, 2016 6:40am Aug 30, 2016 6:40am
Quoting salmani-one
{quote} ...yes I think and hope so for us :-) ....
...the same at the opposit on eurgbp...
  • #438,285
  • Aug 30, 2016 6:41am Aug 30, 2016 6:41am
Quoting salmani-one
{quote} ...yes I think and hope so for us :-) ....
Also the 5, 15 and 30 minute charts are all in positive territory now and 1 hour starting to get there and must be driven by sell off in Eur/Gbp because Cable was heading up when Eur/Usd was still heading down. Eur/Usd starting to move up now
Don't Leave Money on the Table
  • #438,286
  • Aug 30, 2016 6:42am Aug 30, 2016 6:42am
closed @ 1.3116
  • #438,287
  • Aug 30, 2016 6:42am Aug 30, 2016 6:42am
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..
Now's the time to start thinking about the overall target ..
  • #438,288
  • Aug 30, 2016 6:48am Aug 30, 2016 6:48am
Quoting HaLBot
{quote} Also the 5, 15 and 30 minute charts are all in positive territory now and 1 hour starting to get there and must be driven by sell off in Eur/Gbp because Cable was heading up when Eur/Usd was still heading down. Eur/Usd starting to move up now
... I think and hope, we have more potential to go Long...
Target 1,315
  • #438,289
  • Aug 30, 2016 6:55am Aug 30, 2016 6:55am
Quoting dean1star
{quote} Now's the time to start thinking about the overall target ..
Eh... Yes it got to 1.3114 as per my original target but by then i'd been in and out a few times ... I am up but not as much as I should have been if I'd left it alone... I should just walk the dogs.

I note that it has touched the 100 period moving average at 1.3118 (4 Hour) I think it needs to break 1.3120/25 to get close to the daily ADR high at 1.3157. I'd be happy at 1.3140... How's my thinking... Am I on the right track Dean ?
Striving for consistency
  • #438,290
  • Aug 30, 2016 6:56am Aug 30, 2016 6:56am
Man you have to laugh....apparently US Treasury officials are disappointed that the EU wants Apple to pay their fair share of Tax to Ireland.....we have the same problem here with Multinationals offshoring their tax obligations to Singapore where they pay stuff all and we all suffer here with massive government debt and lack of money to build Schools, Hospitals,Roads etc etc etc etc

So what US Treasury is saying is it's OK for US companies to rip off the rest of the world????
Don't Leave Money on the Table
  • #438,291
  • Aug 30, 2016 7:07am Aug 30, 2016 7:07am
Quoting Wdfx
{quote} Eh... Yes it got to 1.3114 as per my original target but by then i'd been in and out a few times ... I am up but not as much as I should have been if I'd left it alone... I should just walk the dogs. I note that it has touched the 100 period moving average at 1.3118 (4 Hour) I think it needs to break 1.3120/25 to get close to the daily ADR high at 1.3157. I'd be happy at 1.3140... How's my thinking... Am I on the right track Dean ?
Get to the Plot point one and ur almost there - so how do we consider the incidental points to the move, the overall structure to the Direction and wheres the PP2 - 2nd point to be plotted to finalise the move or trade .. we may find a re trace or incidental point too for the target - a kind of flanker if that makes sense and then hopeflly we get that sorted and then your there hombre ..
  • #438,292
  • Aug 30, 2016 7:27am Aug 30, 2016 7:27am
Looks the day up in over back to lower levels
  • #438,293
  • Aug 30, 2016 7:49am Aug 30, 2016 7:49am
...shorties be carefull! is not the end of Long trend!...
  • #438,294
  • Aug 30, 2016 8:11am Aug 30, 2016 8:11am
choppy four hours.. ate all the profit i earned today...
  • #438,295
  • Aug 30, 2016 8:13am Aug 30, 2016 8:13am
.. i think the US Consumer Confidence data will be very important at that Situation...
I think USD will get weaker...
  • #438,296
  • Aug 30, 2016 8:14am Aug 30, 2016 8:14am
Quoting salmani-one
...shorties be carefull! is not the end of Long trend!...
it is moving against EUR/GBP, wish it start moving against USD index, than short
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #438,297
  • Aug 30, 2016 8:14am Aug 30, 2016 8:14am
Quoting salmani-one
.. i think the US Consumer Confidence data will be very important at that Situation... I think USD will get weaker...
Head and shoulder suggest that too in four hours..
  • #438,298
  • Aug 30, 2016 8:25am Aug 30, 2016 8:25am
Buy limit set @ 3080
  • #438,299
  • Aug 30, 2016 8:29am Aug 30, 2016 8:29am
Cable has been the surprise standout currency of the day, apparently rising across the board....I wonder what's driving it?

Possibly it's related to Yen weakness...
Don't Leave Money on the Table
  • #438,300
  • Aug 30, 2016 8:30am Aug 30, 2016 8:30am
Quoting HaLBot
Cable has been the surprise standout currency of the day, apparently rising across the board....I wonder what's driving it?
eur/gbp pair
little bit of sense, little bit of luck
Ktr Return This Month: na
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