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Cable Update (GBPUSD)

  • #447,361
  • Jan 17, 2017 11:38am Jan 17, 2017 11:38am
yea you're right
Quoting Toranaga
And here we go again... After a jump from 1.20 to near 1.24 in a day, i would be careful with long positions. IF Cable make it over 1.24 and stays there THEN you could think about a long. IF...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,362
  • Jan 17, 2017 11:45am Jan 17, 2017 11:45am
wait for the pull back its bullish lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,363
  • Jan 17, 2017 11:59am Jan 17, 2017 11:59am
Quoting Bones
wait for the pull back its bullish lol
Looks like hammer and doji form on 1 hour Bomes can't tell from iPhone though . 225 jump at this time so one would expect something to happen here . B
  • #447,364
  • Jan 17, 2017 11:59am Jan 17, 2017 11:59am
Either way,

Cable is, since the Brexit, the coolest pair in the Forex Universe.

Give me more. Volatility and crazy moves

What will happen tomorrow, hmmmmm..
How to opt out annoying user signatures ??
  • #447,365
  • Jan 17, 2017 1:31pm Jan 17, 2017 1:31pm
I would say that for what I see market accepted quite well what came out today about brexit and future possible developments.
If later during the year the whole thing will keep being confirmed, destination for cable is IMO to recover the whole down move caused by brexit fears, so meaning we could see 1.50 printed again in prices.

I'm considering a large point of view, probably 2018! Many other factors will be accountable... So not certainly calling for a buy now to target there! I mean that in next months we might start considering to see an uptrend drawn in charts.
90% of traders use TA, indicators and prediction
  • #447,366
  • Jan 17, 2017 1:51pm Jan 17, 2017 1:51pm
Quoting Aleksbuk
{quote} yeah? ok, but it came to my first profit target! 17.01.png;2143185 {image}
Yep, nice call Aleksbuk, congratulations!
I also got a buy signal on the GBP/AUD around 3 AM (EST).
  • #447,367
  • Jan 17, 2017 2:52pm Jan 17, 2017 2:52pm
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  • #447,368
  • Jan 17, 2017 4:07pm Jan 17, 2017 4:07pm
Quoting elbert3
2434 ????thats day dt ??
20 pips off
  • #447,369
  • Jan 17, 2017 4:39pm Jan 17, 2017 4:39pm
The cable should now pullback to 1.2300 (at least), short at 1.24 (strong resistance area), 50 pip stop.
  • #447,370
  • Jan 17, 2017 5:26pm Jan 17, 2017 5:26pm
Quoting bpaul
As the U.S. Election is only 6 weeks away, can't we expect this hiking of USD from now onwards , which can leads all the currency pairs down until November
Hi I use capital spreads . E
  • #447,371
  • Jan 17, 2017 5:29pm Jan 17, 2017 5:29pm
May paint a quite clear picture, Pound rebound after her speech, aiming 1.2500 region. But uncertainty remains, I still expect Pound remains under pressure for the coming month.
  • #447,372
  • Jan 17, 2017 6:03pm Jan 17, 2017 6:03pm
Quoting csc2009
May paint a quite clear picture, Pound rebound after her speech, aiming 1.2500 region. But uncertainty remains, I still expect Pound remains under pressure for the coming month.
Some profit-taking activity is going to take place that's for sure, at least in the short term...
  • #447,373
  • Jan 17, 2017 6:53pm Jan 17, 2017 6:53pm
Yep, pullback time, Asian traders who woke up 300 pips richer are now cashing their chips...
  • #447,374
  • Jan 17, 2017 8:15pm Jan 17, 2017 8:15pm
Quoting Mr Breakout
The cable should now pullback to 1.2300 (at least), short at 1.24 (strong resistance area), 50 pip stop.
50 pips in the bag. 50 more pips and I will call it a day.
  • #447,375
  • Jan 17, 2017 11:07pm Jan 17, 2017 11:07pm
British Pound traders looking for even more volatility and price action should perhaps concentrate on the GBP/CAD and the GBP/AUD tomorrow (January 18).

With the very important Bank of Canada Rate Decision report due at 10 AM EST and the Australian Employment numbers (7:30 PM EST), these two pairs should move
a great deal.

Personally I prefer the GBP/AUD, on a good day this beast can bring up to 200 pips or more in a matter of minutes, if the trader is on the right side of the market.

Good luck.
  • #447,376
  • Jan 17, 2017 11:21pm Jan 17, 2017 11:21pm
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  • #447,377
  • Jan 17, 2017 11:36pm Jan 17, 2017 11:36pm
Calling the Pounds bluff?

We could be range bound until brexit negotiations end.

When will that be????

Fkuc me.....
Come with me if you want to live....
  • #447,378
  • Jan 18, 2017 12:28am Jan 18, 2017 12:28am
Quoting elbert3
{quote} Hi I use capital spreads . E
Morning res target hit over night auto tp and short . Looking at 2330 2300 2256
  • #447,379
  • Jan 18, 2017 12:59am Jan 18, 2017 12:59am
In but not sure play it safe
  • #447,380
  • Jan 18, 2017 1:07am Jan 18, 2017 1:07am
in coming months Trump and May will rock trading...trump's tweeter....
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