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Cable Update (GBPUSD)

  • #441,801
  • Sep 29, 2016 5:53am Sep 29, 2016 5:53am
Good numbers from USA however FED member has just said they need to wait for more evidence before a rate hike
  • #441,802
  • Sep 29, 2016 5:53am Sep 29, 2016 5:53am
Quoting Don96
{quote} It's got to get up above that 60 number... For those who wondered why this went up... check hourly, failure to breach latest higher low now making a move towards 60
This might be it's chance
  • #441,803
  • Sep 29, 2016 5:54am Sep 29, 2016 5:54am
Quoting kk300
{quote} yeah.. are you shorting this?

Yes I am short now, as I see it there is nothing now to give Cable some buying fuel but I could be wrong, more data later perhaps...the daily chart tells a picture now too....

Bulls are fighting hard thou...

If this does head south from here one of the reasons could be buying exhaustion due to spike up after OPEC decision during the Asian trading session....All buying fuels been used up..
Don't Leave Money on the Table
  • #441,804
  • Sep 29, 2016 6:00am Sep 29, 2016 6:00am
Quoting HaLBot
{quote} Yes I am short now, as I see it there is nothing now to give Cable some buying fuel but I could be wrong, more data later perhaps...the daily chart tells a picture now too.... Bulls are fighting hard thou...
only two days left for monthly closing... i believe its going down today to come back up tom..
  • #441,805
  • Sep 29, 2016 6:01am Sep 29, 2016 6:01am
Quoting HaLBot
{quote} Yes I am short now, as I see it there is nothing now to give Cable some buying fuel but I could be wrong, more data later perhaps...the daily chart tells a picture now too.... Bulls are fighting hard thou...
The chart is the buying fuel
  • #441,806
  • Sep 29, 2016 6:02am Sep 29, 2016 6:02am
Quoting Don96
{quote} The chart is the buying fuel
fuel lies at 2915 i believe..
  • #441,807
  • Sep 29, 2016 6:05am Sep 29, 2016 6:05am
Quoting Don96
{quote} The chart is the buying fuel
Yeah Don, I'm just trying to make sense of what's happening right now in the market. Positive data for US dollar and Cable starting to head south a bit....

Vpoc at 2997 and hasn't been able to drop lower yet....
Don't Leave Money on the Table
  • #441,808
  • Sep 29, 2016 6:09am Sep 29, 2016 6:09am
I
Quoting kk300
{quote} fuel lies at 2915 i believe..
Have to see... it's been there once, not sure it needs it again... month close tomorrow might bring the fireworks... higher lows so far....

Not at charts... 25 above 83 is 1.3008... it still accepting the move to 1.3095
  • #441,809
  • Sep 29, 2016 6:16am Sep 29, 2016 6:16am
Quoting HaLBot
{quote} Bears are not out of the woods yet....
its bear time, i guess GU knew about this ,hence it took some gains during asia,but no qualms,the bulls are coming back soon,enjoy bears.
  • #441,810
  • Sep 29, 2016 6:17am Sep 29, 2016 6:17am
Quoting yuddy
{quote} its bear time, i guess GU knew about this ,hence it took some gains during asia,but no qualms,the bulls are coming back soon,enjoy bears.
Yuddy as my trading gradually improves I think it's better to be both Bull and Bear and don't carry any bias into the game....
Don't Leave Money on the Table
  • #441,811
  • Sep 29, 2016 6:23am Sep 29, 2016 6:23am
its a bull trap. u know what i mean, just becareful. long is more safer than short
  • #441,812
  • Sep 29, 2016 6:24am Sep 29, 2016 6:24am
started to pray for 1.3043,, will stop praying at 1.2989
  • #441,813
  • Sep 29, 2016 6:26am Sep 29, 2016 6:26am
go short eur/gbp if u scare the fella yellen speaks announce something later.
  • #441,814
  • Sep 29, 2016 6:27am Sep 29, 2016 6:27am
Quoting ruma29
started to pray for 1.3043,, will stop praying at 1.2989
haha... greattt...
  • #441,815
  • Sep 29, 2016 6:35am Sep 29, 2016 6:35am
Quoting ruma29
started to pray for 1.3043,, will stop praying at 1.2989
I know I've said 'Praying' here too but I think this should be a secular Thread and keep praying to yourself.

Also praying implies that you haven't done proper Technical/Fundamental Analysis....

And don't misunderstand me, I'm not having a go at you....I'm talking about the whole thread...
Don't Leave Money on the Table
  • #441,816
  • Sep 29, 2016 6:38am Sep 29, 2016 6:38am
Quoting HaLBot
{quote} I know I've said 'Praying' here too but I think this should be a secular Thread and keep praying to yourself. Also praying implies that you haven't done proper Technical/Fundamental Analysis.... And don't misunderstand me, I'm not having a go at you....I'm talking about the whole thread...
Just incase you had not realised sadly this thread went sometime ago.
  • #441,817
  • Sep 29, 2016 6:39am Sep 29, 2016 6:39am
Quoting HaLBot
{quote} I know I've said 'Praying' here too but I think this should be a secular Thread and keep praying to yourself. Also praying implies that you haven't done proper Technical/Fundamental Analysis.... And don't misunderstand me, I'm not having a go at you....I'm talking about the whole thread...
this means entry somewhere for target 3043 with sl 2989
  • #441,818
  • Sep 29, 2016 6:39am Sep 29, 2016 6:39am
i am still for 2913 target also i think it can go lower
  • #441,819
  • Sep 29, 2016 6:49am Sep 29, 2016 6:49am
Quoting ruma29
started to pray for 1.3043,, will stop praying at 1.2989
still alive,
  • #441,820
  • Sep 29, 2016 6:51am Sep 29, 2016 6:51am
Quoting dean1star
{quote} Just incase you had not realised sadly this thread went sometime ago.
From the start of the thread there were no rules laid down but obviously at some point some great traders got on here and made it what it was...

To get this thread pumping again maybe there needs to be some rules we can all agree on and everyday say at the begining of UK session they get posted. It would bring back the professionalism desperately needed and newer traders will get a better education.
I'm sure it would bring back the good traders....

Gotta say too I respect anyone who wants to trade Gbp/Usd, shows some character......
Don't Leave Money on the Table
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