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Cable Update (GBPUSD)

  • #441,881
  • Sep 29, 2016 2:35pm Sep 29, 2016 2:35pm
Quoting pointlessfor
maybe spike up . but for now we are going down. news down everything is down. 2900 first then i dont know will see. about longs i dont know exactly when it happens. i could be wrong. i play this scenario {image}
Well bulls shld know that dollar is out for a revenge but it's all good for the bulls ,coz they are taking over tmmrrw
  • #441,882
  • Sep 29, 2016 2:36pm Sep 29, 2016 2:36pm
Quoting pointlessfor
maybe spike up . but for now we are going down. news down everything is down. 2900 first then i dont know will see. about longs i dont know exactly when it happens. i could be wrong. i play this scenario {image}
Hey Pointless I don't think you sleep M8....

I like your input thou....
Don't Leave Money on the Table
  • #441,883
  • Sep 29, 2016 2:54pm Sep 29, 2016 2:54pm
Do any of us traders really sleep...? Think about it!
  • #441,884
  • Edited 3:12pm Sep 29, 2016 2:58pm | Edited 3:12pm
not necessarily as it seems ,price is trapped ,current account is key with the open only 175 away but above mid pivot zone which was rejected
this candle can be consolidation def ,but look to open or low
the number we are at is week open
but I can alter the down tl to be exact now 3 point on h12 now
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #441,885
  • Sep 29, 2016 3:24pm Sep 29, 2016 3:24pm
Did 5 trades today. Thought I would give a breakdown

1) + 46 pips on CADJPY-
Reason: was taken just after midnight as I new that Tokyo traders would want to get on in this (after missing announcement- to cut oil production)
And also there was a lot of risk off sentiment over the last week or so. And the Canadian economy is not doing well

2) -10 pips EURCAD- took a loss on this one- perhaps I should have held it.
Reason: after the drop overnight, the CPI figures for the Euro looked strong. Then I started reading some information that indicated that the cut in oil revenue was not all it was cracked up to be. So it made sense- but market did not see that when NY opened. Had I of held it - it could have been 70 pips

3) +22 pips and +14 pips GBPUSD- took these in the morning.
Reason: Basically it was a quiet day. And when its quiet I place limit orders near bank or 00 levels. Price goes towards those levels in general

4) +25 pips EURGBP- Should have got more pips, but there you go.
Reason: for this is that there is a rebate coming to the UK from Germany tomorrow.

So that's about 100 pips for day
  • #441,886
  • Sep 29, 2016 3:29pm Sep 29, 2016 3:29pm
Quoting Fader123
Did 5 trades today. Thought I would give a breakdown 1) + 46 pips on CADJPY- Reason: was taken just after midnight as I new that Tokyo traders would want to get on in this (after missing announcement- to cut oil production) And also there was a lot of risk off sentiment over the last week or so. And the Canadian economy is not doing well 2) -10 pips EURCAD- took a loss on this one- perhaps I should have held it. Reason: after the drop overnight, the CPI figures for the Euro looked strong. Then I started reading some information that indicated that...
  • #441,887
  • Sep 29, 2016 3:46pm Sep 29, 2016 3:46pm
Quoting baldmonk
{quote}
Cheers baldmonk

Only got there through hard work - and lots and lots of research.
Would be good to share the load with some traders though
Good luck
  • #441,888
  • Sep 29, 2016 4:18pm Sep 29, 2016 4:18pm
Quoting Fader123
Did 5 trades today. Thought I would give a breakdown 1) + 46 pips on CADJPY- Reason: was taken just after midnight as I new that Tokyo traders would want to get on in this (after missing announcement- to cut oil production) And also there was a lot of risk off sentiment over the last week or so. And the Canadian economy is not doing well 2) -10 pips EURCAD- took a loss on this one- perhaps I should have held it. Reason: after the drop overnight, the CPI figures for the Euro looked strong. Then I started reading some information that indicated that...
Nicely done.

What impact is this rebate likely to have on EG tomorrow? I have a large short exposure and haven't heard any mention of rebates!
  • #441,889
  • Sep 29, 2016 4:20pm Sep 29, 2016 4:20pm
Quoting Don96
{quote} ill be the first to admit im wrong... ive got another 100 pips to go yet...
i hope not to loose but this pair really will make a new lows and break the 12915
  • #441,890
  • Sep 29, 2016 5:16pm Sep 29, 2016 5:16pm
Quoting HaLBot
{quote} Hey Pointless I don't think you sleep M8.... I like your input thou....
thanks mate. it can go lower then 2900 . i will post if something changed
  • #441,891
  • Sep 29, 2016 5:26pm Sep 29, 2016 5:26pm
Quoting Derivative92
{quote} Nicely done. What impact is this rebate likely to have on EG tomorrow? I have a large short exposure and haven't heard any mention of rebates!


Checked my squawk feed - and its arriving tomorrow.
Basically, the EU send money over to the UK and some months it can create a demand in this pair
It could subside later in the afternoon
The only thing I would say is that we have lots of risk events next week that could provide a more bullish outlook for Sterling
That is assuming we beat expectations
But long term the BOE are looking to cut again Carney and Shafiki have said so recently
Europe seems to be on the mend. It can also act as a safe haven.
Although Draghi sounded dovish recently- he is under pressume to not ease further - just look at the state of the Bundesbank
Also Sabine Lautenschlger seemed to be quite hawkish today
What this means is that in the medium term I think this pair will more likely trend upwards.
  • #441,892
  • Sep 29, 2016 7:02pm Sep 29, 2016 7:02pm
Smooth down

Attached Image (click to enlarge)
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  • #441,893
  • Sep 29, 2016 7:09pm Sep 29, 2016 7:09pm
impossible to argue these fact filled posts

Quoting polonoon
{quote} i hope not to loose but this pair really will make a new lows and break the 12915
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #441,894
  • Edited 9:46pm Sep 29, 2016 9:01pm | Edited 9:46pm
I'm thinking the fundamental view is flawed in some way tho i couldn't say where
till at least it hits the tl
its a major level we are at monthly has printed upper wicks
suppose it could go top of channel again,since no confirm

Quoting Fader123
{quote} Checked my squawk feed - and its arriving tomorrow. Basically, the EU send money over to the UK and some months it can create a demand in this pair It could subside later in the afternoon The only thing I would say is that we have lots of risk events next week that could provide a more bullish outlook for Sterling That is assuming we beat expectations But long term the BOE are looking to cut again Carney and Shafiki have said so recently Europe seems to be on the mend. It can also act as a safe haven. Although Draghi sounded dovish recently-...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 eur GBP (DFB).png Size: 31 KB
Click to Enlarge Name: eur GBP month close (DFB).png Size: 28 KB
Click to Enlarge Name: eur GBP d1 (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #441,895
  • Sep 29, 2016 9:14pm Sep 29, 2016 9:14pm
1 and 4 hr look reactive off the fib support zone and retest
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Come with me if you want to live....
  • #441,896
  • Sep 29, 2016 10:59pm Sep 29, 2016 10:59pm
Quoting Ill-b-back
1 and 4 hr look reactive off the fib support zone and retest {image} {image}
Nice chart, but today is Friday, 2ndly strong us data that wont go away soon until NFP, hence a range is gonna be happening btw 3000 and 28xx.
  • #441,897
  • Sep 29, 2016 11:17pm Sep 29, 2016 11:17pm
Quoting elbert3
Check 4 hour tl
As above 3050 hit top tl so had to short hedge at 3022 see if it makes bottom looking at 2935 tp and long but any sign 1 min change
  • #441,898
  • Sep 29, 2016 11:26pm Sep 29, 2016 11:26pm
Quoting yuddy
{quote} Nice chart, but today is Friday, 2ndly strong us data that wont go away soon until NFP, hence a range is gonna be happening btw 3000 and 28xx.
Hi Yuddy, I wasn't trying to infer any predictive targets or market tone, just posting what I am seeing. People are free to use it as they wish.
Come with me if you want to live....
  • #441,899
  • Sep 29, 2016 11:34pm Sep 29, 2016 11:34pm
Watching 4 hour again nice candles short now tp for now
  • #441,900
  • Sep 29, 2016 11:35pm Sep 29, 2016 11:35pm
Quoting yuddy
{quote} Nice chart, but today is Friday, 2ndly strong us data that wont go away soon until NFP, hence a range is gonna be happening btw 3000 and 28xx.
Maybe one day we get to see you put up a chart too - its not so difficult lol ..
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