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Cable Update (GBPUSD)

  • #440,061
  • Sep 13, 2016 12:53pm Sep 13, 2016 12:53pm
I think it still channel ,but monthly open has to hold
quick rough guess ,wait for h4 is best
as I always say don't forget that gap !
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #440,062
  • Sep 13, 2016 12:59pm Sep 13, 2016 12:59pm
like this one
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #440,063
  • Sep 13, 2016 1:03pm Sep 13, 2016 1:03pm
US news green at 3200 let's try sell from there but remember that 1 h doji
  • #440,064
  • Sep 13, 2016 1:22pm Sep 13, 2016 1:22pm
Quoting dean1star
{quote} Still short on the Euro USD btw WD - think its got some room to trade under the 112 level - thats my take .. See how the other shorts play on pound dollar by tomorrow. Still Filming out here which is always fun .. cameras, lights and action lol .. Driving over to the Italian Villa later on - the original home of Buster Keaton - Hero or Demi God, both hats fit him perfectly even by today's standards.
Sounds fabulous Dean. Let me know if you need a runner.
Striving for consistency
  • #440,065
  • Sep 13, 2016 2:10pm Sep 13, 2016 2:10pm
Quoting Bones
I think it still channel ,but monthly open has to hold quick rough guess ,wait for h4 is best as I always say don't forget that gap ! {image}
Yeah..

Best
D.P.
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Hunting High and Low
  • #440,066
  • Sep 13, 2016 4:28pm Sep 13, 2016 4:28pm
Where they all gone I hope sl are on trades
  • #440,067
  • Sep 13, 2016 4:49pm Sep 13, 2016 4:49pm
having all a drink after today :-)
  • #440,068
  • Sep 13, 2016 6:49pm Sep 13, 2016 6:49pm
Just a smidge lower I think before looking out for signs of bullish action
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Come with me if you want to live....
  • #440,069
  • Sep 13, 2016 6:50pm Sep 13, 2016 6:50pm
Looking for excuses regarding CPI
It was the Olympics and the holiday season- petrol was low, commodities were off

Looking at reports recently - PMI services rebounded strongly in August as did manufacturing and construction, obviously due in part to the cheap pound
Here is the services report
https://www.markiteconomics.com/Surv...b986ebe0b9931d

Tomorrow is employment and jobs
Looking at jobs- these have had a cracking month in August
https://www.markiteconomics.com/Surv...f623d273dca69d

Wages have gone up for new hires- higher wages will mean higher prices
So I will expect estimates to get beaten.
Also Crude Oil inventories in the US might have shrunk - so that might reign in the dollar
We are at a support level on daily pivots (S2)
So hopefully traders will see that August's CPI was an outlier
A 50% retracement from Tuesdays fall is near an S1 pivot

Taken a small position and have got some orders at around 1.3150 just in case Frankfurt sells cable off in the morning

Lets see how it goes
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  • #440,070
  • Sep 13, 2016 11:11pm Sep 13, 2016 11:11pm
Patiently waited yesterday for the 55 DMA confirmation. Got one, waited for the second touch this morning & went long without any second thought at 1.3170. SL sits at 1.3149 (21 pips) with open target. I think it's worth going long here with a SL marginally below 55 DMA. Risk reward looks astonishing here. What do you think?

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  • #440,071
  • Sep 14, 2016 12:30am Sep 14, 2016 12:30am
Quoting Fader123
Looking for excuses regarding CPI It was the Olympics and the holiday season- petrol was low, commodities were off Looking at reports recently - PMI services rebounded strongly in August as did manufacturing and construction, obviously due in part to the cheap pound Here is the services report https://www.markiteconomics.com/Surv...b986ebe0b9931d Tomorrow is employment and jobs Looking at jobs- these have had a cracking month in August https://www.markiteconomics.com/Surv...f623d273dca69d...
Thanks Fader
Striving for consistency
  • #440,072
  • Sep 14, 2016 12:49am Sep 14, 2016 12:49am
Quoting Forexgain
Patiently waited yesterday for the 55 DMA confirmation. Got one, waited for the second touch this morning & went long without any second thought at 1.3170. SL sits at 1.3149 (21 pips) with open target. I think it's worth going long here with a SL marginally below 55 DMA. Risk reward looks astonishing here. What do you think? {image}
Sounds like a reasonable analysis but it is so difficult to predict where this is going at present. Range overnight 1.3165 / 1.3210. If it breaks 3210 then I would expect it to go up to perhaps 3250/60 below 3165 it may get to 3132 or even 3100. Just now I am just looking for a bounce off 3210. However what do I know...?
Striving for consistency
  • #440,073
  • Sep 14, 2016 1:00am Sep 14, 2016 1:00am
Smashed through the bear flag. I'm liking this for a move back to the lows:
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  • #440,074
  • Sep 14, 2016 1:24am Sep 14, 2016 1:24am
Upper TL holding at the moment, I guess we see some upside if breaks...
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Don't Leave Money on the Table
  • #440,075
  • Sep 14, 2016 1:28am Sep 14, 2016 1:28am
Quoting HaLBot
Upper TL holding at the moment, I guess we see some upside if breaks... {image}
I think 3210 is an important level to watch
Striving for consistency
  • #440,076
  • Sep 14, 2016 1:33am Sep 14, 2016 1:33am
Quoting Wdfx
{quote} I think 3210 is an important level to watch
it push though quickly, will it stay up there?
Striving for consistency
  • #440,077
  • Sep 14, 2016 1:39am Sep 14, 2016 1:39am
Quoting Wdfx
{quote} it push though quickly, will it stay up there?
Could be a rally today, with Eurostoxx 50 futures up....

http://news.forexlive.com/!/eurostox...ading-20160914

I have a buy at 3215 with take profit at 3265.....wanted to get in earlier but had to do some analysis first....
Don't Leave Money on the Table
  • #440,078
  • Sep 14, 2016 1:48am Sep 14, 2016 1:48am
Quoting HaLBot
Upper TL holding at the moment, I guess we see some upside if breaks... {image}
interesting point of view
I'm high on trading, cant you tell?
  • #440,079
  • Sep 14, 2016 1:51am Sep 14, 2016 1:51am
Quoting Sammih
{quote} interesting point of view

Hahahahhahaha.....is that interesting from a good point of view or bad...you got me worried now..
Don't Leave Money on the Table
  • #440,080
  • Sep 14, 2016 1:57am Sep 14, 2016 1:57am
I should have stuck some orders in at 75 last night never mind
At market is doing ok
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