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Cable Update (GBPUSD)

  • #441,541
  • Sep 27, 2016 4:50pm Sep 27, 2016 4:50pm
Quoting Bones
no reasoning from either post , I thought the British were the dumb ones ,but then we don't fight to keep carrying lethal weapons ,or have Donald and Hillary {quote}
I explained my reasons last week...I was long biased from 2915-2930, when everybody started to panic and thought GU will drop to 2700. Best time to buy when people panic.
Everyone can see the chart, but only a few can actually read it.
  • #441,542
  • Edited 5:47pm Sep 27, 2016 5:27pm | Edited 5:47pm
either the down tl is true or the support we are on ,
consolidation zone where these things have short life till we break the zone
if monthly close small,positive body gap is target
13145 is my open
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #441,543
  • Sep 27, 2016 7:41pm Sep 27, 2016 7:41pm
As a news trader can't really trade this - as I like news on my side
But here is my take on how I view the market at the moment
Looking at the fundamental side of things - BOE wants to cut rates and Fed is looking at raising them
So overall would expect Cable to fall
Any rallies mean institutional investors step in to sell it again
Against this backdrop lies sentiment- this is really what traders are focusing on - like the US election
At the moment Clinton seems to have done quite well
Also Cable seems to have just gone to tl
And London traders seem to love selling Cable
A couple of things concern me;
a) end of month flows
b) BOE corporate bond buying
c) big support level at 1.2950 ish
d) lack of news
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  • #441,544
  • Sep 27, 2016 9:22pm Sep 27, 2016 9:22pm
what do you think, if I say in TF h4 Head And Shoulders
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  • #441,545
  • Sep 27, 2016 10:43pm Sep 27, 2016 10:43pm
Quoting 4xxxx4
Hi, what will be the target tomorrow of GBP/USD?
If I know it I will place 5 Standarad Lots lots lol.
  • #441,546
  • Sep 27, 2016 11:10pm Sep 27, 2016 11:10pm
Quoting Fader123
As a news trader can't really trade this - as I like news on my side But here is my take on how I view the market at the moment Looking at the fundamental side of things - BOE wants to cut rates and Fed is looking at raising them So overall would expect Cable to fall Any rallies mean institutional investors step in to sell it again Against this backdrop lies sentiment- this is really what traders are focusing on - like the US election At the moment Clinton seems to have done quite well Also Cable seems to have just gone to tl And London traders...
  • #441,547
  • Sep 28, 2016 12:11am Sep 28, 2016 12:11am
This bitch ranges so much every touch of a S or R is a potential reversal.
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Combat crazy markets with crazy trading
  • #441,548
  • Sep 28, 2016 1:41am Sep 28, 2016 1:41am
Quoting Wdfx
Hi all, I know I should but cant help myself. in short at 3019 looking for a retest of the 2977 area. Trade short 3019 SL 3035, TP 2980. Will move my stop to BE when the pair drops below 3000. {image}
Closed my overnight short for a few pips up. Considering where it is going next. My bias is long but could change my mind after the UK open.
Striving for consistency
  • #441,549
  • Sep 28, 2016 1:45am Sep 28, 2016 1:45am
Quoting Wdfx
{quote} Closed my overnight short for a few pips up. Considering where it is going next. My bias is long but could change my mind after the UK open.
EurGBP - You reached your target then .. nice one WD
  • #441,550
  • Edited 2:37am Sep 28, 2016 2:09am | Edited 2:37am
Sad to hear the passing of one of the great Australian Cricketers, Max 'Tangles' Walker after a 2 year battle with cancer aged only 68


He got the nickname 'Tangles' due to is unusual bowling style and played 34 test matches for Australia and took 138 wickets in one of Australia's greatest test eras in the 1970s playing with some of Australia greatest test cricketers, Dennis Lillee(fast Bowler), Rodney Marsh(wicket keeper), Len Thompson (fast bowler) Greg and Ian Chappel(brothers who both Captained and both all rounders) to name just a few.
Players from other countries must have cringed at the thought of coming up against such a formidable line up....

All round great bloke and sad to see him go...
Attached Images
Don't Leave Money on the Table
  • #441,551
  • Sep 28, 2016 2:10am Sep 28, 2016 2:10am
compelling arguments, looks and feel it needs more consolidation,

out of short
Come with me if you want to live....
  • #441,552
  • Sep 28, 2016 2:13am Sep 28, 2016 2:13am
Quoting dean1star
{quote} EurGBP - You reached your target then .. nice one WD
Thanks Dean, considering if it is going to continue to drop or retrace. I think 8575 is an interesting level? Am I on the right track?
Striving for consistency
  • #441,553
  • Sep 28, 2016 2:22am Sep 28, 2016 2:22am
Couple more pics of Max 'Tangles' Walker in action, one of them is the cover of his book...
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Don't Leave Money on the Table
  • #441,554
  • Sep 28, 2016 2:27am Sep 28, 2016 2:27am
Good 3 minute clip of youtube about Maxy Walker...

One of the banners in the crowd reads ' Doug maybe the messiah but Max is God'

Inserted Video
Don't Leave Money on the Table
  • #441,555
  • Sep 28, 2016 2:53am Sep 28, 2016 2:53am
Quoting Fader123
As a news trader can't really trade this - as I like news on my side But here is my take on how I view the market at the moment Looking at the fundamental side of things - BOE wants to cut rates and Fed is looking at raising them So overall would expect Cable to fall Any rallies mean institutional investors step in to sell it again Against this backdrop lies sentiment- this is really what traders are focusing on - like the US election At the moment Clinton seems to have done quite well Also Cable seems to have just gone to tl And London traders...
Nice chart and nice Rant Fader....

Just one thing M8, what happens when BOE buys corporate bonds????
Don't Leave Money on the Table
  • #441,556
  • Sep 28, 2016 2:55am Sep 28, 2016 2:55am
Quoting Wdfx
{quote} Thanks Dean, considering if it is going to continue to drop or retrace. I think 8575 is an interesting level? Am I on the right track?
Expecting some kind of retrace on pound dollar the depth might just be set against the adr - but that said we could drop right back to 129 400 zone even 129. However i am long for the moment.
  • #441,557
  • Sep 28, 2016 2:57am Sep 28, 2016 2:57am
Quoting dean1star
{quote} Expecting some kind of retrace on pound dollar the depth might just be set against the adr - but that said we could drop right back to 129 400 zone even 129. However i am long for the moment.
I'll go short under 2990....
Don't Leave Money on the Table
  • #441,558
  • Sep 28, 2016 2:58am Sep 28, 2016 2:58am
Quoting HaLBot
{quote} Nice chart and nice Rant Fader.... Just one thing M8, what happens when BOE buys corporate bonds????
Thats crazy - i have a company, self employed why dont they prop me up with tax payers money - shows how little our leaders know about how to run an economy
  • #441,559
  • Sep 28, 2016 3:03am Sep 28, 2016 3:03am
Quoting HaLBot
{quote} Nice chart and nice Rant Fader.... Just one thing M8, what happens when BOE buys corporate bonds????
Its a form of quantative easing - primarily to boost the private sector. Corporate bonds might be car makers - rolls royce as an eg - even stuff like thames water which these days are utilities.
Its main aim is to add some weight to the private sector.
Guess you might say they look after their own when they choose too.
Depending on where you lodge of course ..
  • #441,560
  • Sep 28, 2016 3:06am Sep 28, 2016 3:06am
Quoting chiny-fx
{quote} Thats crazy - i have a company, self employed why dont they prop me up with tax payers money - shows how little our leaders know about how to run an economy
Totally agree why are there not schemes for people like you who put the effort into something, and make it work.
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