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Cable Update (GBPUSD)

  • #445,721
  • Nov 23, 2016 6:58am Nov 23, 2016 6:58am
Quoting andexQ
longed.. {image}
We share a similar stop loss, but your entries are better. I also see GBP advancing once this USD strength reduces pre-FED. But we shall see, it's a risky market out there, except if one is USD long from September/October
Greed and impatience are our greatest enemies.
  • #445,722
  • Edited 8:24am Nov 23, 2016 7:02am | Edited 8:24am
The cable has bearish pressure for today but S1 of the Daily PP is holding. Expect to see 2300 and 2250 if Daily PP holds (2450)
short 2392 tp 2250 sl 2455

added short 2426(abt 75 mins later)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1ssd.png Size: 41 KB
I'm high on trading, cant you tell?
  • #445,723
  • Nov 23, 2016 7:13am Nov 23, 2016 7:13am
And hey, don't forget we've still got the U.S. Fed meeting minutes coming out this afternoon, which usually sends the markets zooming off in one direction or another.
Writer, currency trader, madman
  • #445,724
  • Edited 8:48am Nov 23, 2016 7:38am | Edited 8:48am
maybe the danger with this view is whats coming that puts brexit into context ,I would think the Euro sell off really surprise you ?
my guess is the markets very worried about the tide of 'peoples opinion' for Europe , that the brits kicked off with elections looming
Ive always thought its EU that needs to loosen its policy over UK being outright wrong ,eur usd is now at a crunch point
Trade deal with the US looks in danger while UK move up the que possibly
US is more in line with UK overnight
question is who will become isolated in their view in up and coming years

the only way to project price over distance is to be on the right TF ,charts are completely fractal if it works on 1 min it works on 1 month
its mind boggling really

Quoting Toranaga
After Gbp tanked on Brexit, i wrote a email to a friend of me who is a really good and calm trader. As i wrote the email, Gbp/Usd was somewhere about 1.33 and i was in LONG mode willing to risk 5000$, yeah yeah buy buy thats the Chance it will climb now and i will miss the train. He wrote me a lot of stuff and the main point was WAIT !!! And i waited. 3 Months later Gbp tanked again touching historical Lows, now from 1.30 to 1.20. Another 1000 pips. Wow who would expect that ?!? Me not. Now i know more. My Point is: Historical lows are there because...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 eu USD (DFB).png Size: 14 KB
Click to Enlarge Name: 1 year USD (DFB).png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,725
  • Edited 7:59am Nov 23, 2016 7:46am | Edited 7:59am
Quoting Rabax
{quote} We share a similar stop loss, but your entries are better. I also see GBP advancing once this USD strength reduces pre-FED. But we shall see, it's a risky market out there, except if one is USD long from September/October

Well i'm expecting USD topped today and possibly GBP advance as a leader/strongest among other usd pairs but it's risky indeed,
let's toast for us and others who share similar entries..

Attached Image (click to enlarge)
Click to Enlarge Name: drinking_responsibly_000091060287_1600x1000.jpg Size: 833 KB
  • #445,726
  • Nov 23, 2016 8:19am Nov 23, 2016 8:19am
Wow.
That's all I've got - Wow.
Writer, currency trader, madman
  • #445,727
  • Nov 23, 2016 8:27am Nov 23, 2016 8:27am
123 800
123 900

two long positions now letting em run ..
charting later on.
  • #445,728
  • Nov 23, 2016 8:33am Nov 23, 2016 8:33am
What do u think will be the impact of FOMC on GBP USD
  • #445,729
  • Nov 23, 2016 8:47am Nov 23, 2016 8:47am
Very good , So NO answer from these who are buying gbp i ve got the answer from not answering . be aware of buying this pair before FOMC
  • #445,730
  • Nov 23, 2016 8:53am Nov 23, 2016 8:53am
to believe the last w1 you have to see sell orders under the open today is Wednesday
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp USD w1 (DFB).png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,731
  • Nov 23, 2016 8:56am Nov 23, 2016 8:56am
Quoting polonoon
What do u think will be the impact of FOMC on GBP USD
I never try to predict FOMC, other than it nearly always shoots the market in one direction or the other...but I'd lean slightly more in favor of it being bullish for Gbp. Aud, Eur. It could, of course, slam them down, but that would be an awful lot of reversals in one day for Gbp - plus, Eur/Usd and Aud/Usd are still at levels where they've already been pretty hammered today, so I just think it somewhat more likely that they'd get a bounce from it.
But, again, I never try to predict FOMC - I stand aside during that time unless I've already got positions on that are solidly profitable and therefore can afford to take a hit. If I do have open positions, I usually just close my eyes and pray.
Writer, currency trader, madman
  • #445,732
  • Nov 23, 2016 8:59am Nov 23, 2016 8:59am
Quoting polonoon
Very good , So NO answer from these who are buying gbp i ve got the answer from not answering . be aware of buying this pair before FOMC
i already answered your question even before you ask..

Quoting andexQ
my view atm. is on daily GU forming large bullish flag and this large size (around 400 pips) is needed to gather momentum to push 1.3 or higher , and there will be times when bulls are ready we might see extra large white candle on daily, anyway drop below 1.24 from current level should invalidate this view.. maybe something like this, GU - daily {image} added: btw i just realized that if everyone enter longs there it's not gonna happen, lol please don't...
  • #445,733
  • Nov 23, 2016 9:13am Nov 23, 2016 9:13am
Quoting polonoon
What do u think will be the impact of FOMC on GBP USD
Best advice i can offer to you Bubba is close the door behind you on the way out.
  • #445,734
  • Nov 23, 2016 9:44am Nov 23, 2016 9:44am
out of short for -75 pips.
long 2458 sl 40 pips tp +170 pips
I'm high on trading, cant you tell?
  • #445,735
  • Edited 10:00am Nov 23, 2016 9:49am | Edited 10:00am
heres the chart .. 2 trades on long below 000 line

120 pips plus change up and letting em run
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-ifcmarkets-corp.png Size: 87 KB
  • #445,736
  • Nov 23, 2016 10:18am Nov 23, 2016 10:18am
After reading so of the systems on FF thought i would design one myself . Mainly affects Cable and Eugbp

It's called" Come on Sun make us some Pips"

One simple rule
If its in the Sun trade it.

Reasons
There is more to life that staring at a chart or even being on FF for that matter
The Sun is always right
There will always be a large move
It costs less than a subscription to a news feed
Isn't it about time we made some money off Murdock
You can always read through footy afterwards

Some recent trades this week

European negotiator telling Davis he is in for a tough time market dropped 80 pips

May recent speech market rallied 100+ pips

Enjoy
  • #445,737
  • Nov 23, 2016 10:31am Nov 23, 2016 10:31am
Quoting Fader123
After reading so of the systems on FF thought i would design one myself . Mainly affects Cable and Eugbp It's called" Come on Sun make us some Pips" One simple rule If its in the Sun trade it. Reasons There is more to life that staring at a chart or even being on FF for that matter The Sun is always right There will always be a large move It costs less than a subscription to a news feed Isn't it about time we made some money off Murdock You can always read through footy afterwards Some recent trades this week European negotiator telling Davis he...
LOL!!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #445,738
  • Nov 23, 2016 10:58am Nov 23, 2016 10:58am
M15
Attached Image
  • #445,739
  • Nov 23, 2016 11:06am Nov 23, 2016 11:06am
Quoting Fader123
After reading so of the systems on FF thought i would design one myself . Mainly affects Cable and Eugbp It's called" Come on Sun make us some Pips" One simple rule If its in the Sun trade it. Reasons There is more to life that staring at a chart or even being on FF for that matter The Sun is always right There will always be a large move It costs less than a subscription to a news feed Isn't it about time we made some money off Murdock You can always read through footy afterwards Some recent trades this week European negotiator telling Davis he...

Ps: due to the high demand will now be making this a subscription only system
  • #445,740
  • Nov 23, 2016 11:31am Nov 23, 2016 11:31am
Quoting allworldas
M15 {image}
Brilliant!
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