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Cable Update (GBPUSD)

  • #442,021
  • Sep 30, 2016 10:50am Sep 30, 2016 10:50am
Quoting polonoon
{quote} Sorry for you loooool

LMAO.....that's funny...
I'm not trying to capture a huge move here, 3000 or 2980 is a nice little pick up for end of week, actually have a couple of long trades still to capture so me Bullish as well....

Also thinking is there anymore upside being Friday? Maybe there is because sometimes Cable can keep going up all afternoon Friday US session and pullback last 30 minutes of the day..
Attached Image
Don't Leave Money on the Table
  • #442,022
  • Sep 30, 2016 11:02am Sep 30, 2016 11:02am
Cable hitting up against decending TL on the 4 hour chart too....

Also you can see confluence of the 50 ema and decending TL
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 31 KB
Don't Leave Money on the Table
  • #442,023
  • Sep 30, 2016 11:04am Sep 30, 2016 11:04am
Quoting dan2boy
{quote} GU is fighting hard upwards... breaking resistance..... have faith in it... this 1.30000 will need to break in order for more movement to 1.30300
nice faith dere
  • #442,024
  • Sep 30, 2016 11:05am Sep 30, 2016 11:05am
Quoting HaLBot
Cable hitting up against decending TL on the 4 hour chart too.... {image}
Probs won't break rhat TL this week, slowly drift down I suppose
  • #442,025
  • Sep 30, 2016 11:09am Sep 30, 2016 11:09am
Quoting Don96
{quote} Probs won't break rhat TL this week, slowly drift down I suppose
Hmmmmmmm not now, I think one of the skills a trader must have is to know when a rally has ended, I'm not saying anything spooky I'm sure others feel this too but suddenly the market feels different, the games over, it's gone quiet....
Don't Leave Money on the Table
  • #442,026
  • Sep 30, 2016 11:11am Sep 30, 2016 11:11am
Quoting HaLBot
{quote} Hmmmmmmm not now, I think one of the skills a trader must have is to know when a rally has ended, I'm not saying anything spooky I'm sure others feel this too but suddenly the market feels different, the games over, it's gone quiet....
The week has been a miserable one, slow and not much movement
  • #442,027
  • Sep 30, 2016 11:13am Sep 30, 2016 11:13am
Quoting Don96
{quote} The week has been a miserable one, slow and not much movement
You have a different trading style to me because I've had a good week...other weeks the market will suit your style better...

If you can capture just 20 pips a day at $5 a pip theres $100 and times that by 250 trading days there's $25000...not to be sneezed at....
Don't Leave Money on the Table
  • #442,028
  • Sep 30, 2016 11:17am Sep 30, 2016 11:17am
Quoting HaLBot
{quote} You have a different trading style to me because I've had a good week...other weeks the market will suit your style better... If you can capture just 20 pips a day at $5 a pip theres $100 and times that by 250 trading days there's $25000...not to be sneezed at....
Yeah I swing, target a large amount with very small stops... although once I get this trade explorers going it's a new style that I'll use for quicker money but bigger risk, small start capital and see how it goes, well done on the week
  • #442,029
  • Sep 30, 2016 11:19am Sep 30, 2016 11:19am
Quoting HaLBot
{quote} You have a different trading style to me because I've had a good week...other weeks the market will suit your style better... If you can capture just 20 pips a day at $5 a pip theres $100 and times that by 250 trading days there's $25000...not to be sneezed at....
Now your sounding like a trader Hal .. others here trade higher than that of course ..
  • #442,030
  • Sep 30, 2016 11:25am Sep 30, 2016 11:25am
Quoting polonoon
{quote} Sorry for you loooool
Hi noon the Pair seeks some support at 2990!!! Todays fundamentals were Positive and no good movement, previously before Brexit, if the News were like today, pair had to rallied 200 to 250 Pips!!! technically might go to 3065 3090.
  • #442,031
  • Sep 30, 2016 11:38am Sep 30, 2016 11:38am
Quoting dean1star
{quote} Now your sounding like a trader Hal .. others here trade higher than that of course ..
Cheers Dean and enjoy your weekend M8.....
Don't Leave Money on the Table
  • #442,032
  • Sep 30, 2016 12:01pm Sep 30, 2016 12:01pm
2970 long scalp. 2990 target
  • #442,033
  • Sep 30, 2016 12:10pm Sep 30, 2016 12:10pm
gbp always dissapoints .... too bad.. try again next week... 1.30680 Target
  • #442,034
  • Sep 30, 2016 12:16pm Sep 30, 2016 12:16pm
Quoting dan2boy
gbp always dissapoints .... too bad.. try again next week... 1.30680 Target
Really? If it goes your way it won't.

KP
Do your homework, follow the footprints of smart money
  • #442,035
  • Sep 30, 2016 12:34pm Sep 30, 2016 12:34pm
been a great month... i am out..
Attached Image
  • #442,036
  • Sep 30, 2016 12:36pm Sep 30, 2016 12:36pm
Quoting yuddy
{quote} and so it is, full scale ranging.
and more range and more range,thats is how its gonna be till nfp, strong dollar data,stong GBP data,equal share of pips,pals,i said since yday.
  • #442,037
  • Sep 30, 2016 12:38pm Sep 30, 2016 12:38pm
Quoting HaLBot
Sorry guys I put a sell on at 3013, it has to head south now.... Tried to get in at 3020 but a bit late to the game.... I will cover ma short if I have too thou...
i guess u swept some pips ,pal
  • #442,038
  • Oct 1, 2016 9:16am Oct 1, 2016 9:16am
Quoting yuddy
{quote} i guess u swept some pips ,pal
Yeah I grabbed 18 pips but should have let it run because I could have ended up with 60 but it was 2.30am over here and just needed to sleep.
Had I set stop loss to say positive 5 pips I was concerned it was gonna head back up before heading down so better to have 18 pips than 5...

Committment of Traders sees Cable add 29K of shorts on Tuesday probably due to US data out this coming week but if things don't go to plan could see some short covering with Cable jumping 200 to 300 pips. Be nice if that happened but don't bet the farm on it..

http://news.forexlive.com/!/cftc-com...aders-20160930
Don't Leave Money on the Table
  • #442,039
  • Edited 9:42am Oct 1, 2016 9:26am | Edited 9:42am
new Q , relatively small
I wouldn't argue cable is in a downtrend ,only while that round number is not respected so much zoomed...its very noteworthy for as things develop
also with UJ around 100 gbp jpy is nearly same number at a significant place
current condition for me is bottom of a Q tight downward channel ,consolidate box on w1,
w1 print tweezer white doji as always look to how we open Monday
Attached Image(s) (click to enlarge)
Click to Enlarge Name: q USD (DFB).png Size: 23 KB
Click to Enlarge Name: 1 w1 USD (DFB).png Size: 16 KB
Click to Enlarge Name: JPY (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,040
  • Oct 1, 2016 9:53am Oct 1, 2016 9:53am
I'm sticking to a very simple fundamental outlook of the devaluing £ will produce better than expected numbers to support until
Brexit details are known.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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