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Cable Update (GBPUSD)

  • #446,541
  • Dec 13, 2016 7:35am Dec 13, 2016 7:35am
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  • #446,542
  • Dec 13, 2016 7:52am Dec 13, 2016 7:52am
My trade from yesterday still running....http://www.forexfactory.com/showthre...10#post9339610
Price is in an uptrend on the 1hr charts, a retracement to the 50 level on the fib has just formed. Expect price to move back up to the 2770 level soon followed by 2950-3000
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I'm high on trading, cant you tell?
  • #446,543
  • Dec 13, 2016 8:47am Dec 13, 2016 8:47am
Quoting Sammih
My trade from yesterday still running....http://www.forexfactory.com/showthre...10#post9339610 Price is in an uptrend on the 1hr charts, a retracement to the 50 level on the fib has just formed. Expect price to move back up to the 2770 level soon followed by 2950-3000 {image}
Id be surprised if it moved much further above 1.277 today. Tomorrow maybe. But then again I've been waiting all day to place a short here, so I'm probably completely biased...
who dares wins
  • #446,544
  • Dec 13, 2016 9:39am Dec 13, 2016 9:39am
What is happening?
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  • #446,545
  • Dec 13, 2016 9:47am Dec 13, 2016 9:47am
no buyers.
  • #446,546
  • Dec 13, 2016 9:47am Dec 13, 2016 9:47am
Quoting marian
What is happening? {image}
No reason needed - just clearing the range one would imagine.
Collecting a few tiny stop losses along the way. Opportunity to cream it and make more $$$'s
Thats my guess anyways.
  • #446,547
  • Dec 13, 2016 9:56am Dec 13, 2016 9:56am
Quoting hippiedog
GBP lovers. I'm taking break today. Consider joining me on my cadchf cadjpy trade. 1H look for impending retracement. I'm in. Taking them both back with sell orders every 20 pips for 20 pip tp. I may even throw on the alligator, teeth or jaws look good. Trust me {image}
DONE AND DONE ££££££
FREEDOM IS SECURITY.
  • #446,548
  • Dec 13, 2016 10:04am Dec 13, 2016 10:04am
Caught that plunge on the 1 min down to 1.26700. Waiting for the retrace and will try for 1.25500 at a higher price.
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  • #446,549
  • Dec 13, 2016 10:13am Dec 13, 2016 10:13am
Quoting jusstin911
My View and Plan to trade the coming week... Note: Price may retest 1.26928 area or do as I have instructed in my chart below ... Please share your thoughts as well,, 'We Can All Make This Pip PAY' {image}
prolly time to revert back to my view and watch the 1.0731 price for resistance
  • #446,550
  • Dec 13, 2016 11:28am Dec 13, 2016 11:28am
olla amygo
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+
  • #446,551
  • Dec 13, 2016 1:03pm Dec 13, 2016 1:03pm
Quoting marian
What is happening? {image}

Looks to me as though collecting some order from yesterdays 4pm fix
  • #446,552
  • Dec 13, 2016 7:49pm Dec 13, 2016 7:49pm
I thought price would have done a total non sense flat move near 1.27 or eventually some slight down.
back to 1.2650 now .

Lckily I had no long running.
Good for those who caught the move.

tomorrow volatility will appear, and clear some levels
will not be my favorite environment so I will stay away and come back later.

good luck every one
90% of traders use TA, indicators and prediction
  • #446,553
  • Edited 11:42pm Dec 13, 2016 11:00pm | Edited 11:42pm
Quoting Fx_Anil
Two-year high CPI seems fueling GBPUSD towards 1.2790 - 1.2800 region but less upside likely beyond that. {image}
And what will you say when it soon enough gets back over 1.34?

Unlike anyone else, I publicly opined about GU levels BEFORE the drop. That post is here ... http://www.forexfactory.com/showthre...52#post8983552

Everything was within a few tens of pips , except that 1.22 dropped out, but recovered to establish a 1.22 base (monthly).

Should cable hold above 1.28, it's reversing. Brexit has given it the first chance in 40 years to finally go 'home' to its average levels. And the only folks who'll say otherwise are the financial institutions, the left wing press and various media commentators who have no idea as to how to ascertain support and resistance.
  • #446,554
  • Dec 14, 2016 12:11am Dec 14, 2016 12:11am
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  • #446,555
  • Dec 14, 2016 12:18am Dec 14, 2016 12:18am
Quoting dean1star
100 pips closed first long from 126. Second long position letting it run see if they take out the high point .. {image}
Nice trade. Opened same position.
Risk comes from not knowing what you're doing.
  • #446,556
  • Edited 1:00am Dec 14, 2016 12:25am | Edited 1:00am
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FREEDOM IS SECURITY.
  • #446,557
  • Dec 14, 2016 12:39am Dec 14, 2016 12:39am
Quoting Noors
This is what I see... {image}
http://www.forexfactory.com/attachme...4&d=1481622879

Look at that rejection from minor resistance
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  • #446,558
  • Dec 14, 2016 1:01am Dec 14, 2016 1:01am
16/12/14 WEDNESDAY 08:00+1GMT (edited untill 08:10)
EARLY MORNING REPORT
Ubi maior minor cessat
  • #446,559
  • Dec 14, 2016 3:40am Dec 14, 2016 3:40am
Quoting Lock
16/12/14 WEDNESDAY 08:00+1GMT (edited untill 08:10) EARLY MORNING REPORT
Early morning report? Maybe one day you'll work out that the planet is round
  • #446,560
  • Dec 14, 2016 3:46am Dec 14, 2016 3:46am
Quoting Mpt
{quote} ...the planet is round

someone could find A LOT of reasons to tell you it is not

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