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Cable Update (GBPUSD)

  • #445,201
  • Nov 8, 2016 2:04am Nov 8, 2016 2:04am
Quoting mrnicecookie
{quote} That means the probability of gbpusd moving higher is very high... the lower it goes, the more you buy...
I meant where is the Div, time frame and against which indi, stochs, macd, rsi what!
  • #445,202
  • Nov 8, 2016 2:14am Nov 8, 2016 2:14am
Quoting ahmedfouad77
{quote} After how many hours you think the count down will end and starting the "fireworks"..!?
24 gmt today. At night it's spikes crack and whips. As digits of the polls are changing .
  • #445,203
  • Nov 8, 2016 2:18am Nov 8, 2016 2:18am
Quoting Dr.Zain
GBP/USD Intraday: Under pressure. The pair recorded a succession of lower tops and lower bottoms since Nov 4, which confirms a negative view. Â As long as 1.2445 holds on the upside, look for a further drop toward 1.2350 and 1.2310 in extension. Above 1.2445, look for further upside with 2500 and.2560.
Well said sir
  • #445,204
  • Nov 8, 2016 2:20am Nov 8, 2016 2:20am
Quoting andexQ
{quote} i'm looking to buy as well but would wait on sideline for a while, reckon that usd hasn't reach its high yet so GU might drop from current level before turn north
After the election, GU won't know the way north
  • #445,205
  • Nov 8, 2016 2:34am Nov 8, 2016 2:34am
Dunno Yuddy,

My dilemma right now is I've taken off profits on this pair through the last wave up and I have an initial Long target above that Mother Bar - I really don't see any technical reason for it not to at least get there. (Yes I sound like a broken record but bigger swings take time to unfold).

So I'm looking at this firing up again without my money on it awaiting a re entry that I may not get.

..There are at least 3 GAPS above that need filling and GU remains off multi year lows - shorts for me would be nothing more than scalp trades and I doubt I'd short with what my charts represent to me.
  • #445,206
  • Nov 8, 2016 2:48am Nov 8, 2016 2:48am
GBP/USD is climbing after forming several spinning top bars on the four hour time frame and rebounding from the support at 1.2380 and under different circumstances I would've opened a long position, but with the US elections looming on the horizon I think I will refrain from any kind of trading.
  • #445,207
  • Nov 8, 2016 2:57am Nov 8, 2016 2:57am
Quoting dianajs
GBP/USD is climbing after forming several spinning top bars on the four hour time frame and rebounding from the support at 1.2380 and under different circumstances I would've opened a long position, but with the US elections looming on the horizon I think I will refrain from any kind of trading.
Could be a very wise move, GU will still be around tomorrow if you'd rather not expose yourself to the chaos that's coming over the next 24 hours.

Personally I'm keeping busy with NZD - if GU drops I'll get involved - if it goes above that mother Bar I've missed that leg...Not the end of the world either way and I don't chase trades.
  • #445,208
  • Nov 8, 2016 3:28am Nov 8, 2016 3:28am
will it break the 50% fib?
Attached Image (click to enlarge)
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #445,209
  • Nov 8, 2016 3:29am Nov 8, 2016 3:29am
Quoting FXClarity
{quote} Could be a very wise move, GU will still be around tomorrow if you'd rather not expose yourself to the chaos that's coming over the next 24 hours. Personally I'm keeping busy with NZD - if GU drops I'll get involved - if it goes above that mother Bar I've missed that leg...Not the end of the world either way and I don't chase trades.
Any good setup in nzd? I thot they are behaving same with GU, the fireworks coming would still affect nzd, so why comfy compared to GU?
  • #445,210
  • Edited 4:08am Nov 8, 2016 3:44am | Edited 4:08am
Previous elections daily 2008 and 2012
Attached Images
FREEDOM IS SECURITY.
  • #445,211
  • Nov 8, 2016 3:48am Nov 8, 2016 3:48am
Current data
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FREEDOM IS SECURITY.
  • #445,212
  • Nov 8, 2016 3:50am Nov 8, 2016 3:50am
Straight foward analysis. Previous two election days were below 10EMA and continued south. Current data above 10EMA.
FREEDOM IS SECURITY.
  • #445,213
  • Nov 8, 2016 3:53am Nov 8, 2016 3:53am
Remain bullish unless close below 10EMA on daily.
FREEDOM IS SECURITY.
  • #445,214
  • Nov 8, 2016 3:55am Nov 8, 2016 3:55am
Quoting yuddy
{quote} Any good setup in nzd? I thot they are behaving same with GU, the fireworks coming would still affect nzd, so why comfy compared to GU?
Fair point - all currencies have some degree of correlation - some more so than others.

I'm trading NZD CAD which is at a level where I'm happy to do business with a potential of a 200 pip move

GBP USD also has a potential for a 200 pip move off its current price but is not at a level where I'm happy to do business right now.

Hence my decision is with NZD with a watchful eye on cable.

The only 'comfy' parameters for any trader in my opinion is in timing a trade at a price where he / she is happy to do business..Much like purchasing any other product or paying for a service.

Hope that makes sense
  • #445,215
  • Nov 8, 2016 3:57am Nov 8, 2016 3:57am
better be on the sideways ,

trading now is russian roulette

Cheers and trade wisely

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #445,216
  • Nov 8, 2016 4:05am Nov 8, 2016 4:05am
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FREEDOM IS SECURITY.
  • #445,217
  • Nov 8, 2016 4:17am Nov 8, 2016 4:17am
Quoting yuddy
{quote} After the election, GU won't know the way north
lol, regardless of election GU won't forget north ... it just a matter of from where
  • #445,218
  • Nov 8, 2016 4:21am Nov 8, 2016 4:21am
Quoting andexQ
{quote} lol, regardless of election GU won't forget north ... it just a matter of from where
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1.2380 ish support key
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #445,219
  • Nov 8, 2016 4:30am Nov 8, 2016 4:30am
Quoting FXClarity
{quote} Fair point - all currencies have some degree of correlation - some more so than others. I'm trading NZD CAD which is at a level where I'm happy to do business with a potential of a 200 pip move GBP USD also has a potential for a 200 pip move off its current price but is not at a level where I'm happy to do business right now. Hence my decision is with NZD with a watchful eye on cable. The only 'comfy' parameters for any trader in my opinion is in timing a trade at a price where he / she is happy to do business..Much like purchasing any other...
Yeah makes clean sense, first off, I appreciate your maturity and articulate points. I thot I was the only one trading NC, woww, what's ur view on NC coz it's at multi year high? Am expecting a downtrend to kick off after ydays pinbar on daily
  • #445,220
  • Nov 8, 2016 4:34am Nov 8, 2016 4:34am
Quoting hippiedog
Current data {image}
In summary, bullish is the view but history is not always a good guide, trade reality not history however ur charts are appreciated, it gives a good option on our daily probability analysis and what -its. Fx is d easiest probability and what if show. ***smiling
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