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Cable Update (GBPUSD)

  • #443,321
  • Oct 11, 2016 6:12am Oct 11, 2016 6:12am
Cable short SL
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,322
  • Oct 11, 2016 6:15am Oct 11, 2016 6:15am
America opened and turnaround

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,323
  • Oct 11, 2016 6:16am Oct 11, 2016 6:16am
Quoting Sammih
Im out of my short from 2291 at 2322. My reason for being short is no longer valid. Price has broken out of the channel
Yeah you can see that decending TL suddenly became support....who knows if it will hold????
Don't Leave Money on the Table
  • #443,324
  • Oct 11, 2016 6:19am Oct 11, 2016 6:19am
This just of forexlive.com.....I love the picture of Putin, The Man of Steal and obviously galactic steel.....LOL

http://news.forexlive.com/!/looks-li...ments-20161011
Don't Leave Money on the Table
  • #443,325
  • Oct 11, 2016 6:27am Oct 11, 2016 6:27am
Quoting Ramadas
{quote} You try to think rationally here. But panic is not rational. Or greed - Fed rate hike in Dec has 66% of probability today.
I'm sure myself that the Rate hike will be in December, otherwise they have to wait another two months and most US data supports a rate hike.

And I guess this has been why the Euro has been heading south and aside from Brexit causing Cable to slide as well, but then at US opening the dollar gets sold off just when you think there is going to be more buying....
Don't Leave Money on the Table
  • #443,326
  • Oct 11, 2016 6:29am Oct 11, 2016 6:29am
Quoting HaLBot
{quote} I'm sure myself that the Rate hike will be in December, otherwise they have to wait another two months and most US data supports a rate hike. And I guess this has been why the Euro has been heading south and aside from Brexit causing Cable to slide as well, but then at US opening the dollar gets sold off just when you think there is going to be more buying....
Price doesn't move in straight lines, there must be profit taking
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,327
  • Oct 11, 2016 6:30am Oct 11, 2016 6:30am
Quoting HaLBot
{quote} Yeah you can see that decending TL suddenly became support....who knows if it will hold????
Notice the blue bounce on both declining channels. Im now long to 2380 where I have a sell limit waiting
Attached Image (click to enlarge)
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I'm high on trading, cant you tell?
  • #443,328
  • Oct 11, 2016 6:35am Oct 11, 2016 6:35am
Quoting Sammih
{quote} Notice the blue bounce on both declining channels. Im now long to 2380 where I have a sell limit waiting {image}
Hmmmmmm Yes very strong signal, I knew there would be a bounce at 2250 but I didn't have that second TL on my chart....

Always like the look of your Charts Sammih....very easy to read...
Don't Leave Money on the Table
  • #443,329
  • Oct 11, 2016 6:44am Oct 11, 2016 6:44am
This was 25 pips dent in the hourly level and seems like cable will continue down. Fat cats wanted to gather liquidity from sellers over this level.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,330
  • Oct 11, 2016 6:44am Oct 11, 2016 6:44am
Quoting FastPipn
GU Sell 1.2323 Target 1.2252
Out 1.2303 +20
Just 20 pips a day to riches
  • #443,331
  • Oct 11, 2016 6:58am Oct 11, 2016 6:58am
SL to BE. Will it go to 1.2225 level?

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,332
  • Oct 11, 2016 7:12am Oct 11, 2016 7:12am
Quoting Ramadas
SL to BE. Will it go to 1.2225 level? {image}

Im 330 pips+, and im holding, i think it can touch 1.20, but on usd open it is retracing like 50 pips to 100 pips. so, you can take profits, wait for a retracing and reenter. im jus still holding. next target i think it will be 1.22
Im a Crocodile, Im a Sniper. Patience is everything.
  • #443,333
  • Oct 11, 2016 7:26am Oct 11, 2016 7:26am
Quoting Sammih
{quote} Notice the blue bounce on both declining channels. Im now long to 2380 where I have a sell limit waiting {image}
now i am short mate. 2180 target
  • #443,334
  • Edited 8:19am Oct 11, 2016 7:38am | Edited 8:19am
Considering that in few days there will be Yellen and FOMC I am not sure the market will take a clear direction.
The same is about EurGbp that has opposite correlation with GbpUsd.

I suppose the markets will be blocked in bracket in the following two days

PS: the position that you see has been cancelled
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  • #443,335
  • Oct 11, 2016 7:44am Oct 11, 2016 7:44am
TP hit, I should hold to the hourly level, though. +53

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,336
  • Oct 11, 2016 7:59am Oct 11, 2016 7:59am
Got out at a loss again....... but I was quick on the trigger
Attached Image (click to enlarge)
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I'm high on trading, cant you tell?
  • #443,337
  • Oct 11, 2016 8:03am Oct 11, 2016 8:03am
Quoting Sammih
Got out at a loss again....... but I was quick on the trigger {image}
yes same trade mate . i am holding to 2100 minimum will see
  • #443,338
  • Oct 11, 2016 8:04am Oct 11, 2016 8:04am
I noticed that cable can cross hourly S/R level even 26 pips and then reverse. Like today. Seems like people are putting 25 pips SL on very visible levels.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,339
  • Oct 11, 2016 8:04am Oct 11, 2016 8:04am
Quoting pointlessfor
{quote} yes same trade mate . i am holding to 2100 minimum will see
good luck. If my tp is hit ill just be BE today, good trading
I'm high on trading, cant you tell?
  • #443,340
  • Oct 11, 2016 8:07am Oct 11, 2016 8:07am
Quoting Sammih
{quote} good luck. If my tp is hit ill just be BE today, good trading
2262 sell limit . thinking it can go here soon
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