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Cable Update (GBPUSD)

  • #446,561
  • Dec 14, 2016 3:46am Dec 14, 2016 3:46am
Today is the mother of all news, the world largest banking system and economy is about to make( or pretend to make) the most critical economic and financial decision. Charts gonna get into hyper spikes(eu is good at that). Some ppl say stay out of the way of a mad bull, some would challenge the beast. What is ur decision pals today,Stay out or ride to riches? Lol
  • #446,562
  • Dec 14, 2016 4:02am Dec 14, 2016 4:02am
Quoting yuddy
Today is the mother of all news, the world largest banking system and economy is about to make( or pretend to make) the most critical economic and financial decision. Charts gonna get into hyper spikes(eu is good at that). Some ppl say stay out of the way of a mad bull, some would challenge the beast. What is ur decision pals today,Stay out or ride to riches? Lol
I will leave charts 3 hours before the event. Reason: I have some things to do overnight.
But anyway if I had not, I would be here waiting to see if a price of my instruments will hit a specific area to try buy or sell it.

Nothing predicting, thinking or stuff like that. I leave that to the specialists able to react very quick based on the FOMC report.

Btw, most of the people will be looking to the interest rates numbers ---->
Hopefully things will be in line, otherwise there will be some very sad accounts tomorrow
90% of traders use TA, indicators and prediction
  • #446,563
  • Dec 14, 2016 4:22am Dec 14, 2016 4:22am
Quoting yuddy
Today is the mother of all news, the world largest banking system and economy is about to make( or pretend to make) the most critical economic and financial decision. Charts gonna get into hyper spikes(eu is good at that). Some ppl say stay out of the way of a mad bull, some would challenge the beast. What is ur decision pals today,Stay out or ride to riches? Lol
For me I already made a few pips so less inclined to participate in this madness LOL! actually, the news starts a little late for my liking...if it was happening earlier then I would certainly be watching like a sniper & pouncing like a tiger LOL!
who dares wins
  • #446,564
  • Dec 14, 2016 4:29am Dec 14, 2016 4:29am
Quoting _BBKing_
{quote} I will leave charts 3 hours before the event. Reason: I have some things to do overnight. But anyway if I had not, I would be here waiting to see if a price of my instruments will hit a specific area to try buy or sell it. Nothing predicting, thinking or stuff like that. I leave that to the specialists able to react very quick based on the FOMC report. Btw, most of the people will be looking to the interest rates numbers ----> Hopefully things will be in line, otherwise there will be some very sad accounts tomorrow
Lol,spikes is just gonna be the threat to some high skill scalpers here. I suggest a two ways pending order of 30pips. Its sure 60pips today.
  • #446,565
  • Dec 14, 2016 4:48am Dec 14, 2016 4:48am
Quoting Mpt
{quote} 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...

I do respect your analysis Though, I personally believe the pair is less likely to breach 1.3100 around H1 2017. Anyways, we must concentrate on today's FOMC now
  • #446,566
  • Dec 14, 2016 4:55am Dec 14, 2016 4:55am
Just for education and actionable intel,Pls Pals whats is the effect of a rate hike on GU and no hike as well? Analyses are highly appreciated.
  • #446,567
  • Dec 14, 2016 5:00am Dec 14, 2016 5:00am
Quoting Fx_Anil
{quote} I do respect your analysis Though, I personally believe the pair is less likely to breach 1.3100 around H1 2017. Anyways, we must concentrate on today's FOMC now
Thank you for your comment. IMHO, any recovery may be slow, very slow. BUT, I still reckon it returns over some 4 ish years to at least its historical norms. Eventually 2 becomes the base and the last 40 yrs fades off as a bad memory.
  • #446,568
  • Dec 14, 2016 6:41am Dec 14, 2016 6:41am
Quoting yuddy
{quote} I suggest a two ways pending order of 30pips. Its sure 60pips today.
In that case you have to care about slippage, spreads widening, where to SL and where to take profits. The risk is to buy the top and sell the low and being stopped out on both. Or eventually one of the two orders.

The thing is not simple: one has to understand what are the implications in todays fomc release, and when it will be published, acting properly. This is not something one can do by reloading the calendar page and buy if green sell if red. No matter the data, market is focused in many possible things coming from the fomc and even a confirmation of interest hike, which is completely priced in $ btw, could send Gu straight into 1.28 area and higher. I would say 1.30 area for the week.

Else, there could be a no change in interest rates but market smelling something more important, and you will find cable down into 1.24 then till 1.22.
90% of traders use TA, indicators and prediction
  • #446,570
  • Dec 14, 2016 7:27am Dec 14, 2016 7:27am
This pair is preparing for a perfect H&S on the 4h for the fed
  • #446,571
  • Dec 14, 2016 8:01am Dec 14, 2016 8:01am
Hm.
Attached Image (click to enlarge)
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  • #446,572
  • Dec 14, 2016 8:25am Dec 14, 2016 8:25am
please show a chart I'm not sure what you mean but consider the rules of that pattern

Quoting Windstrown
This pair is preparing for a perfect H&S on the 4h for the fed
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,573
  • Dec 14, 2016 8:50am Dec 14, 2016 8:50am
Quoting Bones
please show a chart I'm not sure what you mean but consider the rules of that pattern {quote}
appeared also in my chart
Attached Image (click to enlarge)
Click to Enlarge Name: bo.png Size: 94 KB
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  • #446,574
  • Dec 14, 2016 8:54am Dec 14, 2016 8:54am
Quoting _BBKing_
{quote} appeared also in my chart {image}
Or a 1-2-3 pattern
  • #446,575
  • Dec 14, 2016 8:56am Dec 14, 2016 8:56am

I'm struggling with that pattern
maybe its just me I do see consolidation

Quoting _BBKing_
{quote} appeared also in my chart
{image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 30 KB
Click to Enlarge Name: USD2 (DFB).png Size: 40 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,576
  • Dec 14, 2016 9:10am Dec 14, 2016 9:10am
Quoting Mpt
{quote} 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...
Guess you became billionaire then, knowing in advance where price would have gone.


anyway, the key areas to watch imo in actual structure are the 1.30 and the 1.22
but of course, as long as people will keep watching where price is now and what the ema or macd is showing, or reading those specialist analysis found in the web, you will find very few people understanding what is really going on around these actual levels.

yes the 1.28 is important but definetly the whole move down to lows, started into 1.29 area while the 1.29 - 1.35 range is something more related with brexit vote. I mean, if for whatever reason market will decide that brexit is not negative for UK and the Pound, the 1.35 will be broken. As long as the actual situation keeps the same, 1.29 - 1.35 range is definetly 1 step forward. Finally, 1.29 area (1.30 round) is atm a possible top-range.

note: not considering above, what could be the effects of $ in the cross. I mean, until 1.30 $ pressure is not much affecting pound. but this would change if /once above that area ..
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  • #446,577
  • Dec 14, 2016 9:12am Dec 14, 2016 9:12am
Quoting Bones
I'm struggling with that pattern maybe its just me I do see consolidation {quote} {image} {image}
Hi Bone,

My view is 1.2830 Area is the nice place to looking for short entry ....

Here is The Chart GBPUSD H4 ..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 51 KB


Cheers
  • #446,578
  • Dec 14, 2016 9:17am Dec 14, 2016 9:17am
Quoting Bones
I'm struggling with that pattern maybe its just me I do see consolidation {quote} {image} {image}
yes consolidation, distribution ... that is IMO.
90% of traders use TA, indicators and prediction
  • #446,579
  • Dec 14, 2016 9:24am Dec 14, 2016 9:24am
Quoting Mpt
{quote} Early morning report? Maybe one day you'll work out that the planet is round
Maybe you will notice that I wrote +1GMT in order to let smart people to understand the time I'm referring to. Best L.
Ubi maior minor cessat
  • #446,580
  • Dec 14, 2016 9:25am Dec 14, 2016 9:25am
yeah I agree there's a wide band of potential heart- ache for gbp
only I don't see bears controlling this just yet

Quoting mrhb30jr
{quote} Hi Bone, My view is 1.2830 Area is the nice place to looking for short entry .... Here is The Chart GBPUSD H4 .. {image} Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp USD (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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