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Cable Update (GBPUSD)

  • #443,481
  • Oct 12, 2016 3:15am Oct 12, 2016 3:15am
5 DMA is where the fight is on bulls vs bears are not allowing to break 1.2325
Scoobi doobi doo
  • #443,482
  • Oct 12, 2016 3:37am Oct 12, 2016 3:37am
End of story from the night, now the new story: expected hawkish fomc minutes,
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,483
  • Oct 12, 2016 3:41am Oct 12, 2016 3:41am
GBP broke 1.2300 yesterday and fell over 200pps
...Pound is under 1.2300 today again, will it continue south?
MPC Cunliffe is speaking in 30 minutes now,
to testify on the effect of the Brexit on financial services before the Financial Affairs Sub-Committee, in London
......so stand by on pound! mind (if) the high volatility on GBP in 30 min.!
USD really strong, EUR/USD dives again right now!
Member
  • #443,484
  • Oct 12, 2016 3:42am Oct 12, 2016 3:42am
Quoting TudorIoan
GBP broke 1.2300 yesterday and fell over 200pps ...Pound is under 1.2300 today again, will it continue south? MPC Cunliffe is speaking in 30 minutes now, to testify on the effect of the Brexit on financial services before the Financial Affairs Sub-Committee, in London ......so stand by on pound! mind (if) the high volatility on GBP in 30 min.! USD really strong, EUR/USD dives again right now!
FOMC Minutes today US Session will add more to volatility if fed's promise to hike USD rates before end of 2016...
Scoobi doobi doo
  • #443,485
  • Oct 12, 2016 3:45am Oct 12, 2016 3:45am
Quoting Scoobidoobi
{quote} FOMC Minutes today US Session will add more to volatility if fed's promise to hike for before end of 2016...
About 64% estimated probability for a hike "before end of 2016" (30.5% no hike)
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Member
  • #443,486
  • Oct 12, 2016 3:48am Oct 12, 2016 3:48am
I posted this video yesterday in it's full length but I've cropped it to only show this best part which is this woman Raye Chung doing this amazing Mono that lasts a full minute over a bridge. Sensational bit of footage and what you see her doing here is a fraction of her skills, must have been born on a Bike....LOL

First one is the one I cropped and second one is same footage without the music. I love it with the music just fits perfectly and gives it something more...
I hope noone mind me reposting it because it is simply amazing....I must have watched 40 times now...lol

https://www.youtube.com/v/CQ5rSScrOS...ls=1&version=3

Inserted Video
Don't Leave Money on the Table
  • #443,487
  • Oct 12, 2016 4:03am Oct 12, 2016 4:03am
Severe reaction long forming higher low near the level.

Attached Image (click to enlarge)
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TP 2325 again
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,488
  • Oct 12, 2016 4:03am Oct 12, 2016 4:03am
Be careful shorting this today.
Huge amounts of sells recently, some people looking for easy trades, but most probable trend today is bullish in my opinion.

· Probable trend (Bullish): 1.2290
· Bullish take profit target: 1.2441
· Stop loss target: 1.2195
· Alternative trend (Bearish): 1.2195
· Bearish take profit target: 1.2042
  • #443,489
  • Edited 4:16am Oct 12, 2016 4:06am | Edited 4:16am
Do it now , not that easy though , or test the very bottom again or may more perhaps before try for the level up if possible or just crush .watching , take care , bear still favored. should follow eu ( when target goes 300+ pips ) more or less .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #443,490
  • Oct 12, 2016 4:07am Oct 12, 2016 4:07am
LOL, nobody wants to play with options on cable
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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,491
  • Oct 12, 2016 4:07am Oct 12, 2016 4:07am
Quoting Ramadas
Severe reaction long forming higher low near the level. {image} TP 2325 again
But bearish Cuncliffe will bring cable down.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,492
  • Oct 12, 2016 4:08am Oct 12, 2016 4:08am
Attached Image
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,493
  • Oct 12, 2016 4:08am Oct 12, 2016 4:08am
Bank of England (BOE) Monetary Policy Committee (MPC) Member Sir Jon Cunliffe having a little chat at the moment, must be why we have so much volatility right now....
Don't Leave Money on the Table
  • #443,494
  • Oct 12, 2016 4:15am Oct 12, 2016 4:15am
EU heading down with GU.
Attached Image (click to enlarge)
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Combat crazy markets with crazy trading
  • #443,495
  • Oct 12, 2016 4:17am Oct 12, 2016 4:17am
Impressive overnight rebound on GBPUSD as the UK PM Theresa May
agreed that Parliament should vote on her plan for Brexit negotiations with the EU

....but USD is growing stronger, EUR/USD diving,

http://news.forexlive.com/: "BOE's Cunliffe says underlying trend for the pound is still down" ...and MPC Cunliffe doesn't sound promising

Pound pretty ...doomed!
Member
  • #443,496
  • Oct 12, 2016 4:19am Oct 12, 2016 4:19am
Quoting CrazyOz
EU heading down with GU. {image}
may be ok ,300++ pips if .while target goes for 1190.take care . fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #443,497
  • Oct 12, 2016 4:19am Oct 12, 2016 4:19am
Quoting TudorIoan
Impressive overnight rebound on GBPUSD as the UK PM Theresa May agreed that Parliament should vote on her plan for Brexit negotiations with the EU ....but USD is growing stronger, EUR/USD diving, ...and MPC Cunliffe doesn't sound promising Pound pretty ...doomed!
Agreed, I shorted at 1.22983
  • #443,498
  • Oct 12, 2016 4:21am Oct 12, 2016 4:21am
Quoting NorthernFX
{quote} Agreed, I shorted at 1.22983
But on the other hand the flash crash was because of PM May hard brexit stance. If it is not valid anymore, then the move down was overdone. It could reverse a bit.

Reaction to Cunliffe being bearish was not big so far.

If not for dollar strength, cable would be much higher already.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,499
  • Oct 12, 2016 4:32am Oct 12, 2016 4:32am
Quoting Ramadas
{quote} But on the other hand the flash crash was because of PM May hard brexit stance. If it is not valid anymore, then the move down was overdone. It could reverse a bit. Reaction to Cunliffe being bearish was not big so far. If not for dollar strength, cable would be much higher already.
I agree with you also, shorted at that as I thought it was a key level, grabbed 40 pips and now I'm out. I think hard brexit is not as likely as it's being made out to be, I think we will see more comments about soft brexit from now on. Again something like this hasn't happened before so anything could happen.
  • #443,500
  • Oct 12, 2016 4:38am Oct 12, 2016 4:38am
Quoting mades
{quote} yes its crazy dolla/yen buying again.
Dollar Index not at these levels since 25th of July....no wonder Euro and Cable are being hammered along with Brexit..
Don't Leave Money on the Table
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