Cable Update (GBPUSD)

Quoting Lock

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{quote} ....Consider anyway that the yesterday pit session pool back low is a reference for lower timeframes. So the fact that price tagged it exactly is not a great sign of streanght. It could be considered pretty weak on a longer perspective: so carry this information forward, if you like.

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Quoting Lock

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{quote} Note also that C period low tags exactly yesterday GB close at 3310. And finally note that price went multiple times up and down open price: there is lack of conviction for now.

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Quoting Wdfx

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even although the news is poor the price has hardly moved.

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Quoting HaLBot

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{quote} Yes but the percentages are not that bad....that's my understanding anyway, might knock some wind out of Cables sails though

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Quoting Wdfx

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even although the news is poor the price has hardly moved.

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Quoting Wdfx

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{quote} I have a sell order at 3295, just missed kicking in. Time to walk the dogs

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Quoting HaLBot

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{quote} Hows this..... If you just make 4% a month that's 60% after 12 months...Problem is we tend to stuff things up instead of easy does it..

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Quoting HaLBot

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{quote} Hows this..... If you just make 4% a month that's 60% after 12 months...Problem is we tend to stuff things up instead of easy does it..

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Quoting Sammih

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{quote} I get your point. Unlike you however, I'm bullish on this market, I think 3420 could be hit today. I'm using daily range for the pair to make that estimation, I think the lowest we could get today without turning bearish for the day is 3300. That makes 3400 a real possibility on the upside. {quote} Welcome m8, share your ideas, we'd love to read them I'm bullish today. Here is a fine strategy I sometimes use on break outs. When price breaks out of previous days range, I use the previous day as the range for fib and aim for betwwen 138-161...

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Quoting gezis

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{quote} my math tell me 12mths times 4% 12*4=48%

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Quoting gezis

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{quote} my math tell me 12mths times 4% 12*4=48%

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Quoting Lock

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Now B and D period made a poor low just at a VIP reference. Surely the lack of buying tale could be compensated by the support of the remaining GB gap up and it could go higher from here, but again, this low is very very weak right now. So if you are buying, carry this information forward.

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Quoting andoseg2

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Supply increase. Prior to a fall ? {image} {image}

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Quoting Wdfx

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{quote} I have a sell order at 3295, just missed kicking in. Time to walk the dogs

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Quoting Sammih

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Trade one SL hit. Added Long at 3290. Will abandon ship if price closes below 3278

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