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Cable Update (GBPUSD)

  • #438,721
  • Sep 2, 2016 2:48am Sep 2, 2016 2:48am
I anticipate weaker construction numbers in 45 mins.
Down to 1.3150 ?
It's a big game.
  • #438,722
  • Sep 2, 2016 2:49am Sep 2, 2016 2:49am
Quoting funzodundee
I anticipate weaker construction numbers in 45 mins. Down to 1.3150 ?
Based on what info?
Striving for consistency
  • #438,723
  • Sep 2, 2016 2:57am Sep 2, 2016 2:57am
Attached Image (click to enlarge)
Click to Enlarge Name: 01.09.jpg Size: 183 KB

GBPUSD now in the saw. I'm waiting one more shot to up, but if price will go short, i take the short on less time-frame.
  • #438,724
  • Sep 2, 2016 2:59am Sep 2, 2016 2:59am
The train is on its move towards north, but for how long can it last.

Please let us enlighten each other on here not just bragging. Share your honest MoneyMakingStrategy with technicalities.
  • #438,725
  • Sep 2, 2016 3:00am Sep 2, 2016 3:00am
Quoting actionmoney
The train is on its move towards north, but for how long can it last. Please let us enlighten each other on here not just bragging. Share your honest MoneyMakingStrategy with technicalities.
you need to get out of the m5 timeframe
  • #438,726
  • Sep 2, 2016 3:10am Sep 2, 2016 3:10am
It seems to be bouncing around the middle of the range cica 1.3275, no clear direction short tern I think until after the news...
Striving for consistency
  • #438,727
  • Sep 2, 2016 3:13am Sep 2, 2016 3:13am
Quoting Don96
{quote} 1st level turned into support.... it gave 30 if anyone took it so wasn't a loser... 2nd level has given 50 so far... again it isn't a loser.... {image}
That looks flag ish or could be cable take back from yesterday . Jump on I think if it shorts . Regards E
  • #438,728
  • Sep 2, 2016 3:20am Sep 2, 2016 3:20am
Quoting Wdfx
{quote} Looks to me like its on a retrace between range 3260 / 3290. I am normally wrong
3220 first
  • #438,729
  • Sep 2, 2016 3:21am Sep 2, 2016 3:21am
Quoting elbert3
{quote} That looks flag ish or could be cable take back from yesterday . Jump on I think if it shorts . Regards E
ill see if it gets to 1.3222, ill try longs there for new highs after brexit... basically im expecting bad data overall today from US....

H1 - h4 looks bullish to me
  • #438,730
  • Sep 2, 2016 3:25am Sep 2, 2016 3:25am
Quoting elbert3
{quote} That looks flag ish or could be cable take back from yesterday . Jump on I think if it shorts . Regards E
Little to play with ,,,,,,,,,,,,buy from weekly pivot 1.3146 area or sell from 1.3390, or do both if they play out lol
  • #438,731
  • Sep 2, 2016 3:33am Sep 2, 2016 3:33am
Am I missing something again?? didn't we just get good news?
Striving for consistency
  • #438,732
  • Sep 2, 2016 3:34am Sep 2, 2016 3:34am
Quoting Wdfx
Am I missing something again?? didn't we just get good news?
its better than expected, but its still contraction not expansion
  • #438,733
  • Sep 2, 2016 3:36am Sep 2, 2016 3:36am
Quoting Don96
{quote} its better than expected, but its still contraction not expansion
Thanks, I should have taken in the full explanation of the PMI, Still learning..
Striving for consistency
  • #438,734
  • Sep 2, 2016 3:41am Sep 2, 2016 3:41am
Quoting Wdfx
{quote} Thanks, I should have taken in the full explanation of the PMI, Still learning..
I'd say you had sellers there waiting to trigger orders as well...it's looking like it will be fairly quiet before NFP so any good news will be muted...

Might still be contraction but still a great print after Brexit
Don't Leave Money on the Table
  • #438,735
  • Sep 2, 2016 3:41am Sep 2, 2016 3:41am
Quoting Don96
{quote} i dont have crystal ball for data... for the basics here is what i have... green for GBP at 9.30 and red for US and this would be a perfect formation.... {image}
yep sure - all depends on NFP, but if data is not overwhelmingly USD bullish , if cable breaks yesterday's high it could be going north, agree with your chart
but it all depends on NFP
  • #438,736
  • Sep 2, 2016 3:41am Sep 2, 2016 3:41am
Any one got any thoughts on sentiment. My view is that it is turning positive. The UK seems to be doing ok in comparison to Europe and the rest of the world. Focus for the next few months will be on the US election. Hence my view is now turning positive for the UK and therefore looking for signs that the trend will turn positive over the next few weeks. Any thoughts?
Striving for consistency
  • #438,737
  • Sep 2, 2016 3:44am Sep 2, 2016 3:44am
Quoting HaLBot
{quote} I'd say you had sellers there waiting to trigger orders as well...it's looking like it will be fairly quiet before NFP so any good news will be muted... Might still be contraction but still a great print after Brexit
Its the gbp , it wont be too quiet, lol
  • #438,738
  • Sep 2, 2016 3:47am Sep 2, 2016 3:47am
along with data today, it will weigh heavily on interest rates... Yellen was hawkish... bank holiday on monday for US, position adjustment and over exaggeration in movement should be expected...

the moves could be BIG
  • #438,739
  • Sep 2, 2016 3:47am Sep 2, 2016 3:47am
Quoting digger1
{quote} Its the gbp , it wont be too quiet, lol

haha yeah that's for sure...quiet day for Cable is a rip roaring day for another currency
Don't Leave Money on the Table
  • #438,740
  • Sep 2, 2016 3:49am Sep 2, 2016 3:49am
still holding shorts. thinking to hold all day
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