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Cable Update (GBPUSD)

  • #444,541
  • Oct 27, 2016 3:41am Oct 27, 2016 3:41am
Yep, me too..Lever in and scaleout in case of reversal
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  • #444,542
  • Oct 27, 2016 3:47am Oct 27, 2016 3:47am
As per my view for GBPUSD, based upon technical and fundamental status, it seems to be very weak. I am having very pessimistic view on this currency pair. Although, we are seeing small minor rebounds every time it falls and those rebounds give good opportunity to enter in short position for this currency. Right now, 1.20 can provide minor support for this currency pair, but it would not be able to sustain here for much time. And once 1.20 is broken, the next level in my view would be 1.15 and even lower 1.10.
  • #444,543
  • Oct 27, 2016 3:49am Oct 27, 2016 3:49am
Quoting olivia.forex
As per my view for GBPUSD, based upon technical and fundamental status, it seems to be very weak. I am having very pessimistic view on this currency pair. Although, we are seeing small minor rebounds every time it falls and those rebounds give good opportunity to enter in short position for this currency. Right now, 1.20 can provide minor support for this currency pair, but it would not be able to sustain here for much time. And once 1.20 is broken, the next level in my view would be 1.15 and even lower 1.10.
I tend to agree which is why every time I've Long'd it I scaleout and keep building small positions for a Swing - I still see it thumping through 1.20 and look at the current 30 minute candle..
  • #444,544
  • Oct 27, 2016 3:59am Oct 27, 2016 3:59am
market giving me the middle finger...nice

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  • #444,545
  • Oct 27, 2016 4:01am Oct 27, 2016 4:01am
Quoting Ill-b-back
{quote} God struck him after it dropped. As was his own prophesy (Old Testament style) Personally, I'm still bearish {image} {image}
There appear to be 1 or 2 sellers in the market.

Here's hoping they have lots of ammo

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Come with me if you want to live....
  • #444,546
  • Oct 27, 2016 4:07am Oct 27, 2016 4:07am
For day trader like me, these days all its move was f***cking no trust at all, winned some, losed some, in the end of day sum is minus/plus a bit. Any advice bros?
  • #444,547
  • Oct 27, 2016 4:09am Oct 27, 2016 4:09am
its over the top ,in a way I understand his frustration on the one liner actually his charts are very good imo

Quoting Connors
{quote} I am truly ashamed for his attitude. You should know that we don't all think like the same way he does. He should be banned from FF, I hope you reported him.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #444,548
  • Oct 27, 2016 4:10am Oct 27, 2016 4:10am
Quoting Rag2RichesFX
Added some intraday long we should be headed much higher. UC ready for reversal as well. {image}
LONG????
I just saw what i have been looking for for many days. good point to short the cable, bye bulls and welcome back bears
  • #444,549
  • Oct 27, 2016 4:13am Oct 27, 2016 4:13am
Quoting Rag2RichesFX
And of course swing account holding for 1.2450+, mostly locked in. {image}
I don't see any longs. Why??? It's so futile, risky
Â
I made a chart to help you all
Trade safe all.
Â
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Beware of robber banks (RB), bad advisors.
  • #444,550
  • Oct 27, 2016 4:14am Oct 27, 2016 4:14am
Quoting olivia.forex
As per my view for GBPUSD, based upon technical and fundamental status, it seems to be very weak. I am having very pessimistic view on this currency pair. Although, we are seeing small minor rebounds every time it falls and those rebounds give good opportunity to enter in short position for this currency. Right now, 1.20 can provide minor support for this currency pair, but it would not be able to sustain here for much time. And once 1.20 is broken, the next level in my view would be 1.15 and even lower 1.10.
Looking at the chart alone kills, look at the fundamental happenings, the news from UK zone are very bad now, the GDP came out well but compare it to the last GDP release, it was down by 0.2, so UK is not doing well.
well trade what you see or Margin call will teach lessons
  • #444,551
  • Oct 27, 2016 4:14am Oct 27, 2016 4:14am
Quoting Exciter135
For day trader like me, these days all its move was f***cking no trust at all, winned some, losed some, in the end of day sum is minus/plus a bit. Any advice bros?
get a trading plan, and please read more on how to trade, ignorance is doing what we don't know
  • #444,552
  • Oct 27, 2016 4:17am Oct 27, 2016 4:17am
Just take a look at 1.2240, a good level to short, that is an H and S formation there, we can see a close above the high of today, one hour close below, 1.2200 is welcoming more bears onboard
  • #444,553
  • Oct 27, 2016 4:17am Oct 27, 2016 4:17am
Quoting uncletrumpet
{quote} LONG???? I just saw what i have been looking for for many days. good point to short the cable, bye bulls and welcome back bears
People who watching also the fundamentals (not strictly technicals) went bullish on positive UK GDP.
They gave a chance to the GBP bulls although the GDP it's mostly about the past, not about the future (as rates e.g.)
...still a chance for small bullish impulse.
Member
  • #444,554
  • Oct 27, 2016 4:18am Oct 27, 2016 4:18am
Quoting Not-KPMG
{quote} I don't see any longs. Why??? It's so futile, risky I made a chart to help you all Trade safe all. {image}
Real talk broh.
  • #444,555
  • Oct 27, 2016 4:20am Oct 27, 2016 4:20am
at 2500 odd pips the yearly is large for chart ,id argue the move mostly made up 2 days is a pretty ugly trend


Quoting Bones
yea I don't know so much with this yearly this monthly candle will be a bearish in all probability since you had 3 candle consolidation then gap and fall {quote} {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #444,556
  • Oct 27, 2016 4:21am Oct 27, 2016 4:21am
Quoting TudorIoan
{quote} People who watching also the fundamentals (not strictly technicals) went bullish on positive UK GDP. They gave a chance to the GBP bulls although the GDP it's mostly about the past, not about the future (as rates e.g.) ...still a chance for small bullish impulse.
TudorIoan, i need to give you a name, FxSage...cable is about the PAST not the FUTURE PROMISE that are medicine after death
  • #444,557
  • Oct 27, 2016 4:22am Oct 27, 2016 4:22am
Quoting uncletrumpet
Just take a look at 1.2240, a good level to short, that is an H and S formation there, we can see a close above the high of today, one hour close below, 1.2200 is welcoming more bears onboard
That 2250 level, very delicate. However ,the bears are setting up their raid, it's feeding time.. Grrrrrhhhh!!!
  • #444,558
  • Oct 27, 2016 4:24am Oct 27, 2016 4:24am
123 and close thats the plan if we re-visit.
  • #444,559
  • Oct 27, 2016 4:28am Oct 27, 2016 4:28am
Quoting uncletrumpet
{quote} TudorIoan, i need to give you a name, FxSage...cable is about the PAST not the FUTURE PROMISE that are medicine after death
yeah, whatever... it's looking like a bull trap anyway
Member
  • #444,560
  • Oct 27, 2016 4:36am Oct 27, 2016 4:36am
the US advance GDP will give us the direction of how this market will close tomorrow, however, the short are in charge till further notice
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