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Cable Update (GBPUSD)

  • #446,601
  • Dec 14, 2016 1:56pm Dec 14, 2016 1:56pm
Quoting Derivative92
{quote} I think we might still be grinding down until into the new year. This is my futures chart if anyone is interested: {image}
Waiting to see how price reacts at 1.25500 for further confirmation
  • #446,602
  • Dec 14, 2016 2:00pm Dec 14, 2016 2:00pm
Quoting jbmaverick
However, short-term, somebody certainly could have picked up a quick 80-90 pips if they'd sold right around 1.2700, so that would have been a superb day trade. Still, I'm just happy to have made a few tuppence going the other way, and happier still that my long-term Gbp/Usd and Gbp/Aud trades haven't even been seriously threatened.
That was the plan two up to 127 from 126 and one down from 127 to the low of tomorrow..
  • #446,603
  • Dec 14, 2016 2:10pm Dec 14, 2016 2:10pm
Quoting Derivative92
{quote} I think we might still be grinding down until into the new year. This is my futures chart if anyone is interested: {image}
Deriv - You might be right, but my thinking on end-of-year is that most people/institutions that will be closing out long-term trades for year end settlement are probably short - which would mean the balance of year-end trading would be short covering.
Again, we'll see.
Writer, currency trader, madman
  • #446,604
  • Dec 14, 2016 2:15pm Dec 14, 2016 2:15pm
Quoting jbmaverick
{quote} Deriv - You might be right, but my thinking on end-of-year is that most people/institutions that will be closing out long-term trades for year end settlement are probably short - which would mean the balance of year-end trading would be short covering. Again, we'll see.
Good point. It'll be interesting to see where cable starts the NY off at.
  • #446,605
  • Dec 14, 2016 2:29pm Dec 14, 2016 2:29pm
Quoting Derivative92
{quote} Good point. It'll be interesting to see where cable starts the NY off at.
Well, my long-term profits hinge on it never seeing the south side of 1.2050 again.

For those of you who may want to be brave bulls, I noticed that 1.2580 is right about on the 100 MA on the 4-hour chart, and also looks like a fairly good support area based on the recent past. Ya might just buy the bottom...orrrr, you might get bitch-slapped. Seriously, it does look like there's a good chance of the market catching a floor somewhere between here and 1.2550, and I almost think 1.2550 looks like just too obvious a buy-in point, so you might not get to see it - might stop at 1.2560-70.
Writer, currency trader, madman
  • #446,606
  • Dec 14, 2016 2:32pm Dec 14, 2016 2:32pm
Quoting hippiedog
{quote} DONE {image}
Two birds one stone.... Lucky me
Attached Images
FREEDOM IS SECURITY.
  • #446,607
  • Dec 14, 2016 2:35pm Dec 14, 2016 2:35pm
Quoting hippiedog
{quote} Two birds one stone.... Lucky me {image} {image}
You sly dog!
  • #446,608
  • Dec 14, 2016 2:50pm Dec 14, 2016 2:50pm
Quoting Derivative92
{quote} Waiting to see how price reacts at 1.25500 for further confirmation
Another short added here.
  • #446,609
  • Dec 14, 2016 3:24pm Dec 14, 2016 3:24pm
Quoting Derivative92
{quote} You sly dog!
Cheers bud.

Gotta respect the levels today.

Didn't take this 3rd leg. Shoulda coulda woulda

Seeya tomorrow lads and ladets.

Good luck.
Attached Image
FREEDOM IS SECURITY.
  • #446,610
  • Dec 14, 2016 4:56pm Dec 14, 2016 4:56pm
160 pips short now closed - reload tomorrow am ..
  • #446,611
  • Dec 14, 2016 11:21pm Dec 14, 2016 11:21pm
Quoting dean1star
160 pips short now closed - reload tomorrow am ..
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #446,612
  • Edited 1:57am Dec 15, 2016 1:28am | Edited 1:57am
Quoting dean1star
160 pips short now closed - reload tomorrow am ..
Reloading! Just entered a buy position, SL 20 pips, targeting around 30-40pips.
Learn something new everyday.
  • #446,613
  • Dec 15, 2016 2:02am Dec 15, 2016 2:02am
16/12/15 08:49+1GMT (edited untill 08:58)
EARLY MORNING REPORT
Ubi maior minor cessat
  • #446,614
  • Dec 15, 2016 2:17am Dec 15, 2016 2:17am
Quoting Tpak
{quote}
More room for improvement lol Tpak ..
  • #446,615
  • Dec 15, 2016 2:19am Dec 15, 2016 2:19am
Quoting Elinagw
{quote} Reloading! Just entered a buy position, SL 20 pips, targeting around 30-40pips.
Think you got that one Elinagw .. tricky trade though
  • #446,616
  • Dec 15, 2016 2:34am Dec 15, 2016 2:34am
GBPUSD crashed following FED's decision to increase interest rates. Investors turn their attention towards the BOE monetary policy decision. The pair currently trades at 1.25493.
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LIVE account login: 888000229 Inv pword: HpLk5uQ
  • #446,617
  • Dec 15, 2016 3:05am Dec 15, 2016 3:05am
Quoting dean1star
{quote} Think you got that one Elinagw .. tricky trade though
Yes I got but was close!!
Learn something new everyday.
  • #446,618
  • Dec 15, 2016 3:37am Dec 15, 2016 3:37am
not finish

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  • #446,619
  • Dec 15, 2016 5:28am Dec 15, 2016 5:28am
Interesting little drop.
Throgh the rising trend line from October '15, through the 38.2 Fib and approaching the 200 ema on the 4hr.
Let's see if it has the balls to break 2500 . . . (and stay there)
  • #446,620
  • Dec 15, 2016 5:33am Dec 15, 2016 5:33am
Quoting Devonsent
Interesting little drop. Throgh the rising trend line from October '15, through the 38.2 Fib and approaching the 200 ema on the 4hr. Let's see if it has the balls to break 2500 . . . (and stay there)
Depends on the rate decision I imagine, will see shortly.
who dares wins
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