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Cable Update (GBPUSD)

  • #441,021
  • Sep 21, 2016 3:30am Sep 21, 2016 3:30am
Key levels with two different graph.

squeezing in red background triangle

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channel work

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  • #441,022
  • Sep 21, 2016 3:40am Sep 21, 2016 3:40am
One More low from here would be to position.
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  • #441,023
  • Sep 21, 2016 4:06am Sep 21, 2016 4:06am
Ok, the fed season has returned, it's been long awaited, so much chatter about this "hike or no hike "!!!!
Pals what are the scenarios for GU?
Rate hiked = ?
Rate cut =?
No hike =?
Expert analysis would be very appreciated.
  • #441,024
  • Sep 21, 2016 4:07am Sep 21, 2016 4:07am
Whatever happens this G/U pair seems taken oath to go down. Pathetic
You cannot learn better without losing
  • #441,025
  • Sep 21, 2016 4:27am Sep 21, 2016 4:27am
Well I am expecting it to higher today.
  • #441,026
  • Sep 21, 2016 4:30am Sep 21, 2016 4:30am
Regarding the Fed decision, it will all just be speculation. There is arguments for raising rates and keeping them the same. Barclays and BNP have backed the raising rates this September or so they say. Many people think they won't do anything before the election as they don't want to be 'blamed' for effecting the decision. All roads lead to no real decision. I'm not an expert. Just going to wait till it is released before I make my decision.
  • #441,027
  • Sep 21, 2016 4:48am Sep 21, 2016 4:48am
i target 3000
  • #441,028
  • Sep 21, 2016 4:49am Sep 21, 2016 4:49am
Quoting yuddy
Ok, the fed season has returned, it's been long awaited, so much chatter about this "hike or no hike "!!!! Pals what are the scenarios for GU? Rate hiked = ? Rate cut =? No hike =? Expert analysis would be very appreciated.
oh man. i am not expert. but i send you "psychologic Graph"(how is that name ). Rate hike or cut is not important for now till data release. Today some SL should be blown, some TP should be touch. very very important key level 1.3175 recently.

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  • #441,029
  • Edited 5:29am Sep 21, 2016 4:58am | Edited 5:29am
Tp again wait see if 3085 will be a kick over
  • #441,030
  • Sep 21, 2016 5:10am Sep 21, 2016 5:10am
From a political view the Democrats do not want to raise rates just before the election as it will impact stock prices and will cause a selloff.

I think something like 16 out of last 20 presidential elections went the incumbent governments way when stocks were rallying to highs. This holds huge sway with voters.

Is there any wonder Donald Trump has been attacking Yellen to raise rates and not be so 'corrupt'. He wants the stock market to wobble as it will help his campaign just before elections.

FED are in a difficult position as they will affect one candidates campaign.

I wonder how many democrats are on the voting board?
  • #441,031
  • Sep 21, 2016 5:13am Sep 21, 2016 5:13am
target hit.
ok now i see 3400 could go and then go down again and strongly to 2500 .
it can go down straight now . just wait for the confirmation . i also waiting for a flag. so will see. now flat.
  • #441,032
  • Sep 21, 2016 5:18am Sep 21, 2016 5:18am
Quoting el_duende
From a political view the Democrats do not want to raise rates just before the election as it will impact stock prices and will cause a selloff. I think something like 16 out of last 20 presidential elections went the incumbent governments way when stocks were rallying to highs. This holds huge sway with voters. Is there any wonder Donald Trump has been attacking Yellen to raise rates and not be so 'corrupt'. He wants the stock market to wobble as it will help his campaign just before elections. FED are in a difficult position as they will affect...
Similar outlook - would you wish to raise rates before an election ? What purpose could that serve.
December is well positioned for a goal post move into the new year pehaps even after the Inaguration in January.
December could also be seen as a midpoint from election to start of the first 100 days.
How many times have and indeed do the fed move the goal posts.

129 500 see if it gets there ..
  • #441,033
  • Sep 21, 2016 5:36am Sep 21, 2016 5:36am
Quoting P.Action
{quote} oh man. i am not expert. but i send you "psychologic Graph"(how is that name ). Rate hike or cut is not important for now till data release. Today some SL should be blown, some TP should be touch. very very important key level 1.3175 recently. {image} {image}
Thanks PA, Classic chart you gat there. It's still a wait and see thingy, however my view is whipsaws are coming ,and tp and sl are gonna be struck (daz if ur broker don't play pranks on prices.
  • #441,034
  • Sep 21, 2016 5:38am Sep 21, 2016 5:38am
this move still wants 1.375 at a push

1.347 is also there, i may require 1.2911 for that to go long...

now for any wtf moves later... i mentioned 1.26 was a target a while back.. it still is, and if this move bounces here without making a new High it has a good chance of getting there
  • #441,035
  • Sep 21, 2016 5:50am Sep 21, 2016 5:50am
Tend to agree with the above comments - I've got a target at 1.3160 but given we are now at 1.3000 and just shy of a market structure high leading into the US session of an FOMC day - chop and stop hunting is expected
  • #441,036
  • Sep 21, 2016 6:28am Sep 21, 2016 6:28am
Daily Pivot is holding to the pip. If I were trading today Id have had a sell limit at 3000

But the divergence has me scared. A close above 3000 looks likely in next 2 hrs or so
I'm high on trading, cant you tell?
  • #441,037
  • Sep 21, 2016 6:35am Sep 21, 2016 6:35am
i have a sell at 1.29985.
  • #441,038
  • Sep 21, 2016 6:39am Sep 21, 2016 6:39am
Quoting behram
i have a sell at 1.29985.
Thats a good trade, below 2975, you can relax and wait for the announcement.
I'm high on trading, cant you tell?
  • #441,039
  • Sep 21, 2016 6:41am Sep 21, 2016 6:41am
Quoting Sammih
{quote} Thats a good trade, below 2975, you can relax and wait for the announcement.
Fair play if you go into FOMC holding a position in Cable...Relaxed
  • #441,040
  • Sep 21, 2016 6:55am Sep 21, 2016 6:55am
I bet we will see a rate hike...
markets will be surprised...
and the world will be dark ...
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