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Cable Update (GBPUSD)

  • #444,141
  • Oct 20, 2016 3:14am Oct 20, 2016 3:14am
Quoting dean1star
Yesterday evenings bounce of the pivot line kinda suggested an upwards move and as its not hit south yet (the tricky asia drop kinda moves) then the reasoning can only be a logical one at that. The ground may be below but sky we greet you.
greetings could be done after After UK retail data.
  • #444,142
  • Oct 20, 2016 4:08am Oct 20, 2016 4:08am
Aaaand bye-bye
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20161020-110816.png Size: 199 KB
Demo only
  • #444,143
  • Oct 20, 2016 4:09am Oct 20, 2016 4:09am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20161020-110757.png Size: 270 KB
Demo only
  • #444,144
  • Oct 20, 2016 4:14am Oct 20, 2016 4:14am
All these bounces off the 1.22500 area yesterday and today were just not credible. Tuesdays breakout on the M15 just sucked. Wait till 1.22600 is solidely broken. Then shorts from the retouch. Next potential (...) buy area is 1.21900 to 1.21200 but with great care only. Trade light.
Demo only
  • #444,145
  • Oct 20, 2016 4:31am Oct 20, 2016 4:31am
Quoting bg_sunny
Aaaand bye-bye {image}
Nice work there, that must be some heavy dollar account.
  • #444,146
  • Oct 20, 2016 4:39am Oct 20, 2016 4:39am
Quoting yuddy
{quote} Nice work there, that must be some heavy dollar account.
It's a demo. I have staff restrictions (7 days holding period + pre-approval from Compliance needed). But yes, thank you. I 'm happy with it. Started last week with USD 1000 and Balance is now 3250.
At least I can do some demo trading. Otherwise I'd have to stick with low leverage mini futures and the above mentionned restrictions.
Demo only
  • #444,147
  • Oct 20, 2016 6:17am Oct 20, 2016 6:17am
Is there any link to watch Nemat Shafik live conference ? Thanks in advance
  • #444,148
  • Oct 20, 2016 6:26am Oct 20, 2016 6:26am
Quoting a.pipper
Is there any link to watch Nemat Shafik live conference ? Thanks in advance
The best place to watch live conferences of such is the charts, I guess, the chart will help translate their grammar into mkt language, jus a humour there pal. You could try Google, they tend to know almost every street and buildings in cyberspace
  • #444,149
  • Oct 20, 2016 6:35am Oct 20, 2016 6:35am
Quoting yuddy
{quote} The best place to watch live conferences of such is the charts, I guess, the chart will help translate their grammar into mkt language, jus a humour there pal. You could try Google, they tend to know almost every street and buildings in cyberspace
Trying to see things before the market tell them . Tried to google it and also BOE page, seems that wont be streamed ?
  • #444,150
  • Oct 20, 2016 6:43am Oct 20, 2016 6:43am
Quoting kk300
most probable outcome.. price go from here(where currently is) to 2350(find support) then again 2297( which could be tested two or more times )and then free fall... this is what the structure is telling me.
Two things done... Ready for the third one...
  • #444,151
  • Oct 20, 2016 7:18am Oct 20, 2016 7:18am
Quoting mades
{quote} The sheer amount of people here longing and going against the main trend is as usual staggering. Same when price was around 1.29.
It's called The Herd. 

The big banks pay much attention to the little people.
 
Beware of robber banks (RB), bad advisors.
  • #444,152
  • Oct 20, 2016 7:53am Oct 20, 2016 7:53am
Quoting kk300
{quote} Two things done... Ready for the third one...
its done..
  • #444,153
  • Oct 20, 2016 8:26am Oct 20, 2016 8:26am
Quoting Not-KPMG
{quote} It's called The Herd. The big banks pay much attention to the little people. Â
It's almost painful to see things like this

  1. BUY 91% 756.7 Lots
  2. SELL 9% 72.1 Lots

like people wouldn't have 4H+ charts on their platforms.

  • #444,154
  • Oct 20, 2016 9:23am Oct 20, 2016 9:23am
imo the herd can speculate the direction of market just as good as any pro..it's the ego that kills them. When you see huge sentiment one way, it's cause they refuse to close losing trades, and some revenge trade and keep opening trades in losing position. We all been there


But betting on the herd based on their inaccurate forecasting is going to cost you money imo
  • #444,155
  • Oct 20, 2016 9:44am Oct 20, 2016 9:44am
Quoting uncletrumpet
{quote} buy? Short are coming back after this gu has been priced in, the post-cpi release will send it down
the short are back as prophesied, we should kiss 1.2030 soon,
  • #444,156
  • Oct 20, 2016 9:44am Oct 20, 2016 9:44am
Quoting uncletrumpet
{quote} look at the daily TF, weekly TF and the monthly TF that is where we going, bearishness, the deviation to trigger a strong bull is not enough. UK is troubled right now, the sentiments is bearish
it takes a fool to buy cable. till further notice let us short every pullback
  • #444,157
  • Oct 20, 2016 9:48am Oct 20, 2016 9:48am
Quoting mades
{quote} It's almost painful to see things like this BUY 91% 756.7 Lots SELL 9% 72.1 Lots like people wouldn't have 4H+ charts on their platforms.
The dollar is strong marketwide, but these long on GU, I guess it's some faith, it does payoff someday, just hope equity holds that faith up. I have sang severally here that economic news means nothing to investors in the UK, the political situation outweighs that, pals just join the winning stream, technicals won't help now just pure reasoning Politics is in charge of UK Nowww, Huhh!!!!
  • #444,158
  • Oct 20, 2016 9:49am Oct 20, 2016 9:49am
Quoting uncletrumpet
{quote} it takes a fool to buy cable. till further notice let us short every pullback
Every pullback is a blessing. Lol
  • #444,159
  • Oct 20, 2016 9:54am Oct 20, 2016 9:54am
Quoting yuddy
{quote} Every pullback is a blessing. Lol
Shhhh u will scare them and they wont buy it anymore =D

short here also! Waiting for 1.2185
  • #444,160
  • Oct 20, 2016 10:18am Oct 20, 2016 10:18am
maybe approach to 1.2150 and 1.2089, maybe...

trade with ur own estimates..
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