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Cable Update (GBPUSD)

  • #438,441
  • Aug 31, 2016 7:24am Aug 31, 2016 7:24am
Quoting pointlessfor
{quote} still holding
....yep...
  • #438,442
  • Aug 31, 2016 7:25am Aug 31, 2016 7:25am
Quoting salmani-one
{quote} ....yep...
..I meant still holding Long....
  • #438,443
  • Aug 31, 2016 7:29am Aug 31, 2016 7:29am
OK so ADR came in 2K above expectations and there is still more US news to come, if we are to see anymore upside in Cable today I think it needs to break back above 3130....
Don't Leave Money on the Table
  • #438,444
  • Aug 31, 2016 7:31am Aug 31, 2016 7:31am
added another...
  • #438,445
  • Aug 31, 2016 7:32am Aug 31, 2016 7:32am
Quoting actionmoney
In (11)eleven minutes @ 1:15pm GMT+1 USD ADP Non-Farm Employment Change 174K179K. I will sell for 25 minutes before the next calendar change the hand of time and still hold on to selling later today. Do not trade like me... Just try to learn from this whole information.
The train has left the station.
  • #438,446
  • Aug 31, 2016 7:37am Aug 31, 2016 7:37am
sl hit..
  • #438,447
  • Aug 31, 2016 7:40am Aug 31, 2016 7:40am
Caught the short and recovering some losses from yesterday. Overall its been a bad week for me after a great week last week....
Striving for consistency
  • #438,448
  • Aug 31, 2016 7:41am Aug 31, 2016 7:41am
Quoting salmani-one
{quote} ..I meant still holding Long....
gbp still down does

http://www.forexfactory.com/showthread.php?t=604930
email me : pipspro88@gmail
  • #438,449
  • Aug 31, 2016 7:42am Aug 31, 2016 7:42am
closed all positions 3099 except one holding from 3141.
  • #438,450
  • Aug 31, 2016 7:42am Aug 31, 2016 7:42am
looking for a clear break through 1.3100 then 13080, 13060 to 13025
Striving for consistency
  • #438,451
  • Aug 31, 2016 7:43am Aug 31, 2016 7:43am
Quoting Wdfx
Caught the short and recovering some losses from yesterday. Overall its been a bad week for me after a great week last week....
For most of us Trading is 3 steps forward and 2 steps back...when you can understand this and not get emotional about it your on the right track..
Don't Leave Money on the Table
  • #438,452
  • Aug 31, 2016 7:44am Aug 31, 2016 7:44am
Quoting HaLBot
OK so ADR came in 2K above expectations and there is still more US news to come, if we are to see anymore upside in Cable today I think it needs to break back above 3130....
We have the following information according to FF and my personal interpretation(conception) of the information.

@ 2:45pm USD Chicago PMI
USD will be High on a Medium impact. Which, will drag the price G/U down on chart and price trend.

@ 3:00pm USD Pending Home Sales m/m 0.7% 0.2%
USD will be High on a Medium impact. Which will dreag the price G/U down on chart and price trend.


@3:30pm USD Crude Oil Inventories 1.1M 2.5M
USD will be High on High impact. Which will drag the price G/U down on chat and price trend much further than previously stated.
  • #438,453
  • Aug 31, 2016 7:46am Aug 31, 2016 7:46am
The price is testing the support level. If the price breaks through the support line at 1.30777 the price will be lowered to the point of 1.30631. If it does not break it will rises to the level of 1.31632.
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  • #438,454
  • Aug 31, 2016 7:47am Aug 31, 2016 7:47am
Quoting actionmoney
{quote} We have the following information according to FF and my personal interpretation(conception) of the information. @ 2:45pm USD Chicago PMI USD will be High on a Medium impact. Which, will drag the price G/U down on chart and price trend. @ 3:00pm USD Pending Home Sales m/m 0.7% 0.2% USD will be High on a Medium impact. Which will dreag the price G/U down on chart and price trend. @3:30pm USD Crude Oil Inventories 1.1M 2.5M USD will be High on High impact. Which will drag the price G/U down on chat and price trend much further than previously...
I agree with all of the above but there has been strong support levels for Cable, notably 3065 that I was watching today and it bounced of there to 3100 but I didn't take the trade because I usually don't trade the Asian session.....

This pullback in Cable could also have to do with end of months money flows out of GBP back into Euro, was more prominent last month because Euro was stronger against Cable.

So once Eur/Gbp hits area of supply Cable could come roaring back, but that's just speculation on my part....
Don't Leave Money on the Table
  • #438,455
  • Aug 31, 2016 7:49am Aug 31, 2016 7:49am
Quoting HaLBot
{quote} For most of us Trading is 3 steps forward and 2 steps back...when you can understand this and not get emotional about it your on the right track..
Cheers M8
Striving for consistency
  • #438,456
  • Aug 31, 2016 7:51am Aug 31, 2016 7:51am
Quoting zefx
{quote} gbp still down does http://www.forexfactory.com/showthread.php?t=604930
...wait an hour, or half an hour...
  • #438,457
  • Aug 31, 2016 7:52am Aug 31, 2016 7:52am
its going 2900 first
  • #438,458
  • Aug 31, 2016 7:54am Aug 31, 2016 7:54am
Quoting HaLBot
{quote} I agree with all of the above but there has been strong support levels for Cable, notably 3065 that I was watching today and it bounced of there to 3100 but I didn't take the trade because I usually don't trade the Asian session..... This pullback in Cable could also have to do with end of months money flows out of GBP back into Euro, was more prominent last month because Euro was stronger against Cable. So once Eur/Gbp hits area of supply Cable could come roaring back, but that's just speculation on my part....
I am trading from Nigeria, and My time is 1:53:50 PM
Wednesday, August 31, 2016
West Africa Time (WAT) +0100 UTC
  • #438,459
  • Aug 31, 2016 7:56am Aug 31, 2016 7:56am
Quoting actionmoney
{quote} I am trading from Nigeria, and My time is 1:53:50 PM Wednesday, August 31, 2016 West Africa Time (WAT) +0100 UTC
Nice one Action, you get to trade Euro/UK session and US session during the day....
Don't Leave Money on the Table
  • #438,460
  • Aug 31, 2016 7:59am Aug 31, 2016 7:59am
closed 3141 position at 3098
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