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Cable Update (GBPUSD)

  • #440,681
  • Edited 3:13pm Sep 16, 2016 2:57pm | Edited 3:13pm
I think that this mark down was just to get some orders

Now re-tested
  • #440,682
  • Sep 16, 2016 3:25pm Sep 16, 2016 3:25pm
Just put in 3022 long target 3100 and if it takes back the supports past 3090 look to 3300
  • #440,683
  • Sep 16, 2016 3:31pm Sep 16, 2016 3:31pm
Quoting Fader123
Wonder how many orders were at 1.3000
Look on 1 hour I think that last dip was a false short ? But we have no to wait gone long again on the last dip candle 1 min sl 5 pips under target 3080
  • #440,684
  • Sep 16, 2016 3:37pm Sep 16, 2016 3:37pm
Quoting Marz30
{quote} The reason for GBP weakness here http://www.forexfactory.com/news.php?do=news&id=607288
Mmmmm banks have been well stressed tested Bank of England would of well thought that one out ? Mind you we do have a Canadian in charge ?????????
  • #440,685
  • Sep 16, 2016 3:38pm Sep 16, 2016 3:38pm
Quoting Dr.Zain
{quote} Hi why intrest hike exprctations hitting GBP so heavily???
Hi Dr all good o think you might see the answer in the post . Regards B
  • #440,686
  • Sep 16, 2016 3:44pm Sep 16, 2016 3:44pm
Quoting elbert3
{quote} Look on 1 hour I think that last dip was a false short ? But we have no to wait gone long again on the last dip candle 1 min sl 5 pips under target 3080
Elbert you holding over the weekend
  • #440,687
  • Sep 16, 2016 3:48pm Sep 16, 2016 3:48pm
Long 1.3003, target 1.3670.
Everyone can see the chart, but only a few can actually read it.
  • #440,688
  • Sep 16, 2016 3:53pm Sep 16, 2016 3:53pm
Quoting OnlineAddict
Long 1.3003, target 1.3670.


dont see 1.3 holding atm
  • #440,689
  • Sep 16, 2016 3:54pm Sep 16, 2016 3:54pm
Correction/consolidation will take place Monday and Tuesday probably..

Going long on good chance during that!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #440,690
  • Sep 16, 2016 3:55pm Sep 16, 2016 3:55pm
Quoting Don96
{quote} dont see 1.3 holding atm
Doesn't have to...I can take some drawdown on this trade...I will just let it run and keep moving SL on the way up.
Everyone can see the chart, but only a few can actually read it.
  • #440,691
  • Sep 16, 2016 4:06pm Sep 16, 2016 4:06pm
seems like every man and his dog is long from down here...

WD you about?
  • #440,692
  • Sep 16, 2016 4:09pm Sep 16, 2016 4:09pm
Quoting Don96
seems like every man and his dog is long from down here... WD you about?
Long on G/U.?? I've been there 
Now i won't touch the pound, if they pay me.
Sell recommended of course.
I had a chart 2 months ago I did it for my Euro forecast, but still true
Nice weekend
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Click to Enlarge Name: _201607 gu forecast.JPG Size: 91 KB
Beware of robber banks (RB), bad advisors.
  • #440,693
  • Sep 16, 2016 4:11pm Sep 16, 2016 4:11pm
Quoting Don96
seems like every man and his dog is long from down here... WD you about?

You forgot the men with the cats too lol
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #440,694
  • Sep 16, 2016 4:13pm Sep 16, 2016 4:13pm
Quoting Fader123
{quote} Elbert you holding over the weekend
Yes no problem thou I accumulated a lot of profits even 58 pips after my planed 3116 just watched the last min trade closed below 3000 if you draw r tl on the bottom 12 hour chart it might be a target that 12 hour candle was a big on biggest after the Brit x hope at least it will retrace 50 % of it but we will see my acc is in a good position so not to worry . Regards B ps you had a good run down are you out / flat now E
  • #440,695
  • Sep 16, 2016 4:17pm Sep 16, 2016 4:17pm
Quoting elbert3
{quote} Hi Dr all good o think you might see the answer in the post . Regards B
Just read it!!! Thanks B
  • #440,696
  • Sep 16, 2016 4:48pm Sep 16, 2016 4:48pm
Cable made a tremendous move southward with over 240 pips. Chances are that the trend will continue come next week in the same direction base on the daily chart technical analysis below:
Attached Image (click to enlarge)
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Study and risk taking are the engine & fuel that will propel you to success
  • #440,697
  • Sep 16, 2016 5:00pm Sep 16, 2016 5:00pm
Quoting elbert3
{quote} Yes no problem thou I accumulated a lot of profits even 58 pips after my planed 3116 just watched the last min trade closed below 3000 if you draw r tl on the bottom 12 hour chart it might be a target that 12 hour candle was a big on biggest after the Brit x hope at least it will retrace 50 % of it but we will see my acc is in a good position so not to worry . Regards B ps you had a good run down are you out / flat now E

I try and rely on news, sentiment and technicals to determine day/swing trades
Ideally I like to get something where there has been an exhaustion and a change in sentiment at the top or bottom of a move (using news reports, or released figures)
Part of the problem with news reports is trying to dermine its effect
The impact of the this Phillip Hammond thing is a bit of a concern
http://www.cityam.com/242903/losing-...the-uk-economy
So at the moment - I'm flat
Will have to see what London traders think of this on Monday
At least the news was before the market closed - so it is not a surprise on Sunday night
  • #440,698
  • Sep 16, 2016 5:06pm Sep 16, 2016 5:06pm
Quoting Fader123
{quote} I try and rely on news, sentiment and technicals to determine day/swing trades Ideally I like to get something where there has been an exhaustion and a change in sentiment at the top or bottom of a move (using news reports, or released figures) Part of the problem with news reports is trying to dermine its effect The impact of the this Phillip Hammond thing is a bit of a concern http://www.cityam.com/242903/losing-...the-uk-economy So at the moment - I'm flat Will have to...
Have a look at gjy I think it is that driving it down E
  • #440,699
  • Sep 16, 2016 5:13pm Sep 16, 2016 5:13pm
Quoting elbert3
{quote} Have a look at gjy I think it is that driving it down E
Looks bad elbert- it could bounce
  • #440,700
  • Sep 16, 2016 5:21pm Sep 16, 2016 5:21pm
#GBPUSD love it when a plan comes together..... calculation have been on point these few trades on pound.... taking notes and seeing what is working and not working...
did not expect a sell off this big.... one thing im trying to work on is if the calculation can tell me if the move will be big or not...
I took half off @ 1.3026 and now playing with the house money

anyways kudos to those that are short the pound..

Gann Analysis
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"W. D. Gann said that time is the most important factor among all things."
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