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Cable Update (GBPUSD)

  • #441,341
  • Sep 26, 2016 2:03am Sep 26, 2016 2:03am
Quoting rusdi
long bulis {image}
75% of traders are going long on GU, the bankers are seeing this move too, ain't you sure this guys may wanna shake off some SL bfor going the logical north? When majority are going a direction, the market want to test their confidence and analytics, guys are you ready for the test?
  • #441,342
  • Sep 26, 2016 2:18am Sep 26, 2016 2:18am
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Pound has a short balance, but now he can go to 1.31 on the best point for open short. After that i will open short.
  • #441,343
  • Sep 26, 2016 2:38am Sep 26, 2016 2:38am
Given the current fribonacci levels and the previous volumes at these prices im seeying a consolidation of bears that are starting to run out of power any reviews about that?
  • #441,344
  • Sep 26, 2016 3:03am Sep 26, 2016 3:03am
129 600 might tempt me for a trade ..
  • #441,345
  • Sep 26, 2016 3:10am Sep 26, 2016 3:10am
Good morning everyone, my bias today is long. I don't see it getting much below Fridays low at 1.2914. but what do I know? Trying to keep to the longer timeframes this week , 4H and daily and also off the forums. I will dip in and out now and again. I cant help myself
Striving for consistency
  • #441,346
  • Sep 26, 2016 3:20am Sep 26, 2016 3:20am
u can buy pound at 1.2900

i saw deutch bank coming..also local try to adapt lower but failed

good luck fankerss
The High Frequency Trader with 10years experience
  • #441,347
  • Edited 3:40am Sep 26, 2016 3:29am | Edited 3:40am
Quoting Wdfx
Good morning everyone, my bias today is long. I don't see it getting much below Fridays low at 1.2914. but what do I know? Trying to keep to the longer timeframes this week , 4H and daily and also off the forums. I will dip in and out now and again. I cant help myself
Interesting call their WD - thinking similar but waiting to catch the move on the way up again ..
would like to see it bounce off the 128 300 zone first .. just an opinion btw .. as 129 600 although a level of interest did not materialise into the 128's must be.
  • #441,348
  • Sep 26, 2016 3:44am Sep 26, 2016 3:44am
Quoting dean1star
{quote} Interesting call their WD - thinking similar but waiting to catch the move on the way up again .. would like to see it bounce off the 128 300 zone first .. just an opinion btw .. as 129 600 although a level of interest did not materialise into the 128's must be.
The question is where is the market going to turn? Old Boris Johnston is getting the blame for the fall on Friday, Theresa May has slapped him down for speaking out of turn, who knows?
Striving for consistency
  • #441,349
  • Sep 26, 2016 3:48am Sep 26, 2016 3:48am
Quoting Wdfx
{quote} The question is where is the market going to turn? Old Boris Johnston is getting the blame for the fall on Friday, Theresa May has slapped him down for speaking out of turn, who knows?
HERE
  • #441,350
  • Sep 26, 2016 3:54am Sep 26, 2016 3:54am
Quoting Don96
{quote} HERE
Hopefully
Striving for consistency
  • #441,351
  • Sep 26, 2016 3:55am Sep 26, 2016 3:55am
Quoting Don96
{quote} those 2 EG numbers i posted... EG hit perfectly at 0.8678... i prefer the higher number, i missed the 1st one... GBP didnt touch 1.2911/2... yet if it does ill add a long {image} {image}
here is 2nd number... best RR out there for me... before a new high anyway... lets see
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  • #441,352
  • Sep 26, 2016 4:01am Sep 26, 2016 4:01am
Anyone checked last week's COT? There is a MASSIVE shift to the bullish side of pound (+28k contracts). Overall net is still short, but this is usually a first sign of reversal.
  • #441,353
  • Sep 26, 2016 4:06am Sep 26, 2016 4:06am
Quoting Ill-b-back
{quote} Rather eloquent KP...
Thanks I'll BB.

KP
Do your homework, follow the footprints of smart money
  • #441,354
  • Sep 26, 2016 4:10am Sep 26, 2016 4:10am
Quoting Scoobidoobi
Don't get carried away on GBPUSD, fundamentals are looking ominous on article 50 and back n forth war of words btw boris johnson Vs EU leaders. 1.2870-1.2998 range expected for start of the week(1-2days) http://www.cnbc.com/2016/09/24/why-b...as-leader.html

told you yday we are not going to break 1.2998(todays high < 1.2988) it remain in tact , GBPUSD is heading towards target 1.2870 (given that 79% of retail traders are long overcrowded, no surprise it keeps falling)
Scoobi doobi doo
  • #441,355
  • Sep 26, 2016 4:17am Sep 26, 2016 4:17am
The next question going through my mind is if there is a double bottom forming either on the 4h or daily chart?? Time will tell
Striving for consistency
  • #441,356
  • Sep 26, 2016 5:04am Sep 26, 2016 5:04am
Quoting Wdfx
The next question going through my mind is if there is a double bottom forming either on the 4h or daily chart?? Time will tell
Lots of traders lining up on the logical long, the bankers may wanna pull some stunts, to sweep longs out of position. Hmmmn
  • #441,357
  • Sep 26, 2016 5:16am Sep 26, 2016 5:16am
Quoting yuddy
{quote} Lots of traders lining up on the logical long, the bankers may wanna pull some stunts, to sweep longs out of position. Hmmmn
Hi, bud! Is there really a logical long on cable atm?


KP
Do your homework, follow the footprints of smart money
  • #441,358
  • Sep 26, 2016 5:20am Sep 26, 2016 5:20am
Seems more logical to long here at these levels rather than short
  • #441,359
  • Sep 26, 2016 5:21am Sep 26, 2016 5:21am
Quoting KeenPips
{quote} Hi, bud! Is there really a logical long on cable atm? KP

I think in the short term...we have 10 year gilt yields up, brent up and dollar index down....so possible breakout to the upside in the short term but capped by 2985...todays Asia high
Unless Eur/Gbp steals the show...
Don't Leave Money on the Table
  • #441,360
  • Sep 26, 2016 5:25am Sep 26, 2016 5:25am
Quoting HaLBot
{quote} I think in the short term...we have 10 year gilt yields up, brent up and dollar index down....so possible breakout to the upside in the short term but capped by 2985...todays Asia high Unless Eur/Gbp steals the show...
Keeping track of cable as any rally or retracement to a quality resistance zone is likely to give a good opportunity for a handsome southward trade.

KP
Do your homework, follow the footprints of smart money
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