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Cable Update (GBPUSD)

  • #445,961
  • Nov 30, 2016 4:31pm Nov 30, 2016 4:31pm
Quoting _BBKing_
{quote} ...The thing will be confirmed with a move > 1.26 then using as support and blah blah. but at that time, if happens, I will probably already cashed the position
Well, at least that would be a change, if we could ponder whether it's going above 1.2600 or below 1.2500, instead of whether it's going above 1.2500 or below 1.2400.

Longer term - over maybe the next "X" number of months, I wouldn't be surprised to see Gbp/Usd recover at least half of its post-Brexit drop.

Hey, I'm not asking for much - I'd just like to cash out my 1.2050 Gbp/Usd position at about 2.1500, and my 1.5965 Gbp/Aud around 2.5000.
Writer, currency trader, madman
  • #445,962
  • Nov 30, 2016 4:33pm Nov 30, 2016 4:33pm
Quoting MaryJane
The ONLY thing i appreciate about the EU is job migration.. and that didn't change afaik.
Yes true. But does this require a single currency?! I mean, wouldn't it be enough an agreement between members on job migrations, migrations, job laws, laws, etc.... and eventually later starting to think about a centralized currency and banking system?
Looks to me they did things in the opposite way they should have done.

Quoting MaryJane
can you imagine anyone who fits the job?
LOL!
90% of traders use TA, indicators and prediction
  • #445,963
  • Nov 30, 2016 4:37pm Nov 30, 2016 4:37pm
Quoting jbmaverick
{quote} Well, at least that would be a change, if we could ponder whether it's going above 1.2600 or below 1.2500, instead of whether it's going above 1.2500 or below 1.2400. Longer term - over maybe the next "X" number of months, I wouldn't be surprised to see Gbp/Usd recover at least half of its post-Brexit drop. Hey, I'm not asking for much - I'd just like to cash out my 1.2050 Gbp/Usd position at about 2.1500, and my 1.5965 Gbp/Aud around 2.5000.
Great entries indeed!!

Well, tecnically speaking, there is a very nice long multi-year low near 1.28.
and another very attractive area aorund 1.30.

If you see price one day holding these levels as supports... you will probably be allowed to think about cashing near the levels you mention
90% of traders use TA, indicators and prediction
  • #445,964
  • Nov 30, 2016 4:48pm Nov 30, 2016 4:48pm
just to put a chart here n there in case someone will be bothered by chit-chats
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Weekly_snapshot.png Size: 8 KB


BTW --> I'm gonna open a survey to have back old smileys
90% of traders use TA, indicators and prediction
  • #445,965
  • Nov 30, 2016 5:06pm Nov 30, 2016 5:06pm
Quoting _BBKing_
{quote} Great entries indeed!!
Well, they'd be a little greater if they weren't about my 5th attempt to "buy the bottom" in both pairs, but yeah, I'm pretty happy with them at the moment.
At least I practiced good risk management, so none of my previous attempts at getting long cost me more than 10 or 15 pips apiece, and on a few of them I was even able to manage a small profit or get out around breakeven.
I am, however, still trying to figure out why I picked up more Gbp/Usd about every 100 pips up, but I didn't add to my Gbp/Aud position until it was all the way up to 1.6400 - must've been asleep.
Writer, currency trader, madman
  • #445,966
  • Nov 30, 2016 5:08pm Nov 30, 2016 5:08pm
Quoting _BBKing_
just to put a chart here n there in case someone will be bothered by chit-chats {image} BTW --> I'm gonna open a survey to have back old smileys
Okay, could we just go ahead and shoot on up above that candle on the far left?
Writer, currency trader, madman
  • #445,967
  • Nov 30, 2016 5:11pm Nov 30, 2016 5:11pm
Quoting jbmaverick
{quote} Well, they'd be a little greater if they weren't about my 5th attempt to "buy the bottom" in both pairs, but yeah, I'm pretty happy with them at the moment. At least I practiced good risk management, so none of my previous attempts at getting long cost me more than 10 or 15 pips apiece, and on a few of them I was even able to manage a small profit or get out around breakeven. I am, however, still trying to figure out why I picked up more Gbp/Usd about every 100 pips up, but I didn't add to my Gbp/Aud position until it was all the way up...
I started avoiding in wondering things. There are so many happening that would require a lifetime to decide what was the main reason for THAT thing to happen (or not).

Why didn't I buy the GBP / JPY every time I bought the GBP / USD in last 2 weeks?
Why didn't I buy the USD / JPY?
Why didn't I re-buy today the OIL?
Why did I close main longs in GBP / USD < 1.23 && < 1<24?
.....
....
...
buff
90% of traders use TA, indicators and prediction
  • #445,968
  • Nov 30, 2016 5:11pm Nov 30, 2016 5:11pm
Quoting jbmaverick
{quote} Okay, could we just go ahead and shoot on up above that candle on the far left?
that's the plan!
90% of traders use TA, indicators and prediction
  • #445,969
  • Nov 30, 2016 5:12pm Nov 30, 2016 5:12pm
Here's the poll!!
Please.... vote and share.

I will annoy people around until at least a 1000 votes.

www.forexfactory.com/showthread.php?t=619349
90% of traders use TA, indicators and prediction
  • #445,970
  • Nov 30, 2016 5:13pm Nov 30, 2016 5:13pm
guess it cant be easy BB
oils bullish on higher high tf I've posted many times
oil goes up that dose not help inflation problems looming ,BOE next move next year is interest rates up thats my guess


Quoting _BBKing_
{image} The whole web is printing petabytes of pages putting in front of anyone's eye basically few facts: 1. USD is strong really... sounds to me like someone saying "the Macd is overbought in daily chart". 2. BREXIT this word everyf*where around. Will it be the UK the one who will pay more because of leaving the urof*zone? Do you really understand what a currency index actually is? Is the urof*zone really that considerable economy and government allowing to believe its f* currency deserves to be > 1 against the USD? Market didn't want you to buy...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,971
  • Nov 30, 2016 5:15pm Nov 30, 2016 5:15pm
Quoting Bones
guess it cant be easy BB oils bullish on higher high tf I've posted many times oil goes up that dose not help inflation problems looming ,BOE next move next year is interest rates up thats my guess {quote}
love the way oil pushed up today!
Sadly I was out... took anyway the same ride from lower 45 to 48 last week.

Now will be looking for entry again!

Uk rates? uhm.... long way i guess for that. BUt you could be right !
90% of traders use TA, indicators and prediction
  • #445,972
  • Nov 30, 2016 5:16pm Nov 30, 2016 5:16pm
I have this bad habit of trying to pick tops and bottoms on long-term time frames. Daytrading, I'm fine with getting in around anyplace that looks reasonably good, but on long-term, like monthly, charts, I still try to catch major trend changes, something I can ride for a couple of years or so. I've been trying to "sell the top" in Usd/Sgd since 2015 - and hey, if they ever put one in, I just might manage it.
Writer, currency trader, madman
  • #445,973
  • Edited 5:29pm Nov 30, 2016 5:18pm | Edited 5:29pm
I mean the Q
Attached Image (click to enlarge)
Click to Enlarge Name: Oil - Brent Crude (DFB).png Size: 15 KB
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,974
  • Nov 30, 2016 5:21pm Nov 30, 2016 5:21pm
Quoting jbmaverick
I have this bad habit of trying to pick tops and bottoms on long-term time frames. Daytrading, I'm fine with getting in around anyplace that looks reasonably good, but on long-term, like monthly, charts, I still try to catch major trend changes, something I can ride for a couple of years or so. I've been trying to "sell the top" in Usd/Sgd since 2015 - and hey, if they ever put one in, I just might manage it.
Not simple!

Catching a 500 to 800 pips move is already a great goal speaking about majors, or 1200-1500 pips speaking about sexy like gbp aud or gbp nzd.
90% of traders use TA, indicators and prediction
  • #445,975
  • Nov 30, 2016 5:23pm Nov 30, 2016 5:23pm
Quoting Bones
I mean the Q {image}
monthly H&S

Opec agreement confirmed....

LIGHT CRUDE can print 60$ easy
Guess is around 65 in brent
90% of traders use TA, indicators and prediction
  • #445,976
  • Nov 30, 2016 5:24pm Nov 30, 2016 5:24pm
bed time
90% of traders use TA, indicators and prediction
  • #445,977
  • Edited 6:05pm Nov 30, 2016 5:38pm | Edited 6:05pm
don't you know inflation is the new Brexit ,somethings driving gbp
US might have the same problem ,
possibly they might have a saving grace with lower NFP this time ,save face on not carrying out a rise again
I don't think the FED want such a strong $
catch you later

Quoting _BBKing_
{quote} love the way oil pushed up today! Sadly I was out... took anyway the same ride from lower 45 to 48 last week. Now will be looking for entry again! Uk rates? uhm.... long way i guess for that. BUt you could be right !
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #445,978
  • Nov 30, 2016 5:54pm Nov 30, 2016 5:54pm
Quoting _BBKing_
I'm gonna open a survey to have back old smileys
Attached Image
MarginTrader All Time Return: na
  • #445,979
  • Nov 30, 2016 7:58pm Nov 30, 2016 7:58pm
waiting to get some movement north
Risk comes from not knowing what you're doing.
  • #445,980
  • Nov 30, 2016 10:31pm Nov 30, 2016 10:31pm
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