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Cable Update (GBPUSD)

  • #446,201
  • Dec 2, 2016 2:00pm Dec 2, 2016 2:00pm
Quoting user954
{quote} Yes, if you examine our trading style (see the trade explorer), you'll see they are longer duration trades with bigger moves as opposed to scalps. THe context for that range we posted was that we had a nice move down from 1.32 to low 1.20s and we saw lots of comments of people trying to short there and it was a caution for the shorts because we could see that a move to 1.28 was very likely as is what has turned out.
well if anything, I'm not the only one who saw the 1.27-1.28 coming.
I saw it since 1.22 4 weeks ago.
indeed continuosly buying the dip.

I just did not hold lower entries, preferring to cut and reload.
90% of traders use TA, indicators and prediction
  • #446,202
  • Dec 2, 2016 2:01pm Dec 2, 2016 2:01pm
Quoting Bones
I'm serious we at bonesfxbetterthanmostsignalproviders.com.uk advise to look at the open early on also check the posted bonesometer {image}
  • #446,203
  • Dec 2, 2016 2:01pm Dec 2, 2016 2:01pm
Quoting Ill-b-back
{quote} You're ahead of the game BB



or maybe my thoughts are so powerfull to move market in the direction I imagine

90% of traders use TA, indicators and prediction
  • #446,204
  • Dec 2, 2016 2:04pm Dec 2, 2016 2:04pm
Quoting Bones
I'm serious we at bonesfxbetterthanmostsignalproviders.com.uk advise to look at the open early on also check the posted bonesometer {image} {image}

uhmmmmmmmmm
bullish EU?

well... I don't trade it at all, I also have not in the subscribe instruments. I simply hate it.

but... it's just a feeling... we see 0.900 / 1.000 before any consistent move up.
might be wrong, of course.

I promise on saturday late night will open that chart trying to understand if there is a nice level to trade off.
if anything... we are near interesting levels
90% of traders use TA, indicators and prediction
  • #446,205
  • Dec 2, 2016 2:05pm Dec 2, 2016 2:05pm
please,

dont' forget to vote the poll!
www.forexfactory.com/showthread.php?t=619349

90% of traders use TA, indicators and prediction
  • #446,206
  • Dec 2, 2016 2:11pm Dec 2, 2016 2:11pm
dont scare me now ,bb your find usd retrace I'm sure
I'm with you but still have 2 longs on that month chart

Quoting _BBKing_
{quote} or maybe my thoughts are so powerfull to move market in the direction I imagine
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,207
  • Dec 2, 2016 2:18pm Dec 2, 2016 2:18pm
hope I'm not the only one laughing haha

Quoting Don96
{quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,208
  • Dec 2, 2016 2:31pm Dec 2, 2016 2:31pm
Any of you chaps waiting to short?
  • #446,209
  • Dec 2, 2016 2:43pm Dec 2, 2016 2:43pm
Quoting Derivative92
Any of you chaps waiting to short?
Im Still celebrating my long.
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FREEDOM IS SECURITY.
  • #446,210
  • Edited 3:44pm Dec 2, 2016 3:29pm | Edited 3:44pm
Quoting hippiedog
If you are going to say it, DONT BECAUSE I AM WELL AWARE. My set up is: BULLISH: 1st order buy @ 1.268 TP 1.2735 BEARISH: 1st order sell @ 1.2557 TP 1.2502 Which ever trade is triggered first I will cancel the remaining BULLISH OR BEARISH order. Which ever trade is triggered first I will set a 2nd order. BULLISH: 2nd order sell 1.2648 TP 1.2593 BEARISH: 2nd order buy 1.2593 TP 1.2648 I will then just work the pattern Into profit. Close all at TP. Images. Blue lines 1st orders bullish bearish Red lines 2nd orders bullish bearish {image} {image}...
DONE £££££

Well that was hard work.

Like my house cleaner always says, if you are good at something never do it for free...

I love been a trader.
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FREEDOM IS SECURITY.
  • #446,211
  • Dec 2, 2016 3:56pm Dec 2, 2016 3:56pm
Quoting Derivative92
Any of you chaps waiting to short?
Just as soon as it gets to 2.0000.
Writer, currency trader, madman
  • #446,212
  • Dec 2, 2016 4:12pm Dec 2, 2016 4:12pm
Quoting _BBKing_
{quote} or maybe my thoughts are so powerfull to move market in the direction I imagine
Indeed BB love your analysis, very professional, top notch Sir

Have a good weekend..

Come with me if you want to live....
  • #446,213
  • Dec 2, 2016 4:14pm Dec 2, 2016 4:14pm
Quoting Derivative92
Any of you chaps waiting to short?
Yep, but not until 1.3050-1.31 region at least
Come with me if you want to live....
  • #446,214
  • Dec 2, 2016 4:35pm Dec 2, 2016 4:35pm
Quoting Bones
tell you one thing I knew this was the the reaction lol {quote}
Reaction of cable, you mean? Well done. Glad you're doing well.
  • #446,215
  • Dec 2, 2016 5:15pm Dec 2, 2016 5:15pm
A strong session finish for Cable, which has benefited in recent sessions from increased hopes of a softer Brexit, supportive flows on GBPJPY* and EURGBP - with the market showing a strong preference for sterling ahead of the Italian referendum. Next big target on Cable is 1.2790, traded post-referendum on 6 Jul (also the low for July and not breached until October). Technically, the pair still has further potential to the upside.

* yen has been under additional pressure on the back of surge in the price of crude oil, which creates additional yield differential between yen paper and that of other currencies - the BOJ are effectively capping the yield on many JGBs through their targeted bond purchases, whereas Treasury and Gilt yields increase as inflationary pressures tick up).
  • #446,216
  • Dec 2, 2016 11:47pm Dec 2, 2016 11:47pm
Call me crazy... Most people here see a bullish trend. Not me.
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  • #446,217
  • Dec 3, 2016 2:12am Dec 3, 2016 2:12am
Quoting pipsandbits
Call me crazy... Most people here see a bullish trend. Not me. {image}
Crazy

The move is the yellow lines

Kidding

well... what is for sure and clearly seen, is that we are very closed to a possible rejection area, the 1.29 - 1.30 where market started selling GBP based on some factors.
the question in my mind is: are still those factors true? were they true at the time? or was it just panic ?
90% of traders use TA, indicators and prediction
  • #446,218
  • Dec 3, 2016 4:08am Dec 3, 2016 4:08am
Quoting pipsandbits
Call me crazy... Most people here see a bullish trend. Not me. {image}
Well I have tracked this all the way down to the bottom hitting target after target of which I have none left. Now I am getting target signals to the long side so until I see evidence to the contrary I am all the time long.

I agree with BB because I have a resistance level at 1.3089 but the bears have to find a support before they get there which means a pull-back.
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  • #446,219
  • Edited 7:32am Dec 3, 2016 6:42am | Edited 7:32am
I have closed my position at market close ,only I'm looking to next open ,shaven can have 2 meanings for next at this end of the week
since were so close to res I was thinking it could retrace
id think about sell at the upper res line ,below 12500
1.3x regardless
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,220
  • Dec 3, 2016 6:45am Dec 3, 2016 6:45am
So you guess that after italian referendum, that looks that a "NO" will create an hurricane in Europe, and seems the result, it will not affect to GBP against USD?
I doubt.
Anyway now the price at this moment is 1,275 on saturday (+30 pips up).
But tomorrow starts the show.
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