Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#450,301
Feb 26, 2017 12:48pm Feb 26, 2017 12:48pm

Fader123
Joined Feb 2016 | Status: Trader | 1,018 Posts

Fair bit of bad news kicking around on the pound

1) End of month flows
2) BOE member saying that the UK is in for a tough time in the long term
3) Government still does not appear to have lawyers to deal with Brexit negotiations (Bloomberg)

Just a shame that the pound came off on Friday.
Though struggling to be bullish on the dollar at the moment. Might have to look at GJ.

#450,302
Feb 26, 2017 1:19pm Feb 26, 2017 1:19pm

MXT
Joined Dec 2005 | Status: Trader | 2,857 Posts

cable still looking bearish imho - we'll see if it breaks 1.2400

#450,303
Feb 26, 2017 1:43pm Feb 26, 2017 1:43pm

asgcorp
Joined Feb 2014 | Status: trading bank levels | 8,143 Posts

pre-market 2480

#450,304
Feb 26, 2017 2:41pm Feb 26, 2017 2:41pm

Luzbay
| Joined Mar 2015 | Status: Trader | 700 Posts

Quoting asgcorp

Disliked

pre-market 2480

Ignored

For anyone else that wants to keep an eye on pre market --

https://www.bloomberg.com/quote/GBPUSD:CUR

#450,305
Feb 26, 2017 4:52pm Feb 26, 2017 4:52pm

Mr Breakout
Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts

Quoting asgcorp

Disliked

pre-market 2480

Ignored

What FX broker?

On the FXCM data feed for example it went as high as 2474 on the bid.

#450,306
Feb 26, 2017 4:59pm Feb 26, 2017 4:59pm

MXT
Joined Dec 2005 | Status: Trader | 2,857 Posts

friday's low already broken

if it breaks 1.2400 this baby is gonna go south

#450,307
Feb 26, 2017 5:02pm Feb 26, 2017 5:02pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

Quoting Mr Breakout

Disliked

{quote} What FX broker? On the FXCM data feed for example it went as high as 2474 on the bid.

Ignored

are you still using fxcm's data feed? lol so am I, thankfully I pulled my money in november though...

#450,308
Feb 26, 2017 5:04pm Feb 26, 2017 5:04pm

Mr Breakout
Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts

Quoting MXT

Disliked

friday's low already broken if it breaks 1.2400 this baby is gonna go south

Ignored

Remember that every Sunday the market has to do some "reset" movements before moving the "correct" way.

Cannot say more, sorry...

#450,309
Feb 26, 2017 5:08pm Feb 26, 2017 5:08pm

MXT
Joined Dec 2005 | Status: Trader | 2,857 Posts

Quoting Mr Breakout

Disliked

{quote} Remember that every Sunday the market has to do some "reset" movements before moving the "correct" way. Cannot say more, sorry...

Ignored

gotcha my good buddy

#450,310
Feb 26, 2017 5:10pm Feb 26, 2017 5:10pm

Mr Breakout
Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts

Quoting cyguy

Disliked

{quote} are you still using fxcm's data feed? .

Ignored

Yep still using the fantastic FXCM Marketscope charting software.

I mean nothing even comes close to that software (especially for day-traders like me) period.

#450,311
Feb 26, 2017 5:16pm Feb 26, 2017 5:16pm

Mr Breakout
Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts

Quoting MXT

Disliked

{quote} gotcha my good buddy

Ignored

Next probable move: 1.2480 first then down.

#450,312
Feb 26, 2017 5:21pm Feb 26, 2017 5:21pm

MXT
Joined Dec 2005 | Status: Trader | 2,857 Posts

Quoting Mr Breakout

Disliked

{quote} Next probable move: 1.2480 first then down.

Ignored

nice , you know what i like best of your statement ? the 2nd part , the DOWN part

big short coming and i won't miss it

#450,313
Feb 26, 2017 5:27pm Feb 26, 2017 5:27pm

Mr Breakout
Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts

Quoting MXT

Disliked

{quote} nice , you know what i like best of your statement ? the 2nd part , the DOWN part big short coming and i won't miss it

Ignored

I hear you my friend.

However, keep in mind that there is some serious support at the 1.2400ish level (see 1h chart below), so let's see...

Attached Image (click to enlarge)

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#450,314
Feb 26, 2017 5:31pm Feb 26, 2017 5:31pm

Fader123
Joined Feb 2016 | Status: Trader | 1,018 Posts

Quoting Fader123

Disliked

Fair bit of bad news kicking around on the pound 1) End of month flows 2) BOE member saying that the UK is in for a tough time in the long term 3) Government still does not appear to have lawyers to deal with Brexit negotiations (Bloomberg) Just a shame that the pound came off on Friday. Though struggling to be bullish on the dollar at the moment. Might have to look at GJ.

Ignored

Love news like this

#450,315
Feb 26, 2017 5:40pm Feb 26, 2017 5:40pm

MXT
Joined Dec 2005 | Status: Trader | 2,857 Posts

Quoting Mr Breakout

Disliked

{quote} I hear you my friend. However, keep in mind that there is some serious support at the 1.2400ish level (see 1h chart below), so let's see... {image}

Ignored

yep - same support i'm looking at and it's already been taken out

#450,316
Feb 26, 2017 5:41pm Feb 26, 2017 5:41pm

cyguy
| Joined Dec 2014 | Status: Crazy prospector | 378 Posts

Quoting Mr Breakout

Disliked

{quote} Yep still using the fantastic FXCM Marketscope charting software. I mean nothing even comes close to that software (especially for day-traders like me) period.

Ignored

Totally agree, the next closest software that I was impressed with is ninja trader, but im not about to drop 1k usd for it at this moment.. lol

#450,317
Feb 26, 2017 5:47pm Feb 26, 2017 5:47pm

kurtis
| Joined Jan 2017 | Status: Trader | 5 Posts

Took a risk and went long at 1.24115. Looking to make 25-40 pips.

#450,318
Feb 26, 2017 6:30pm Feb 26, 2017 6:30pm

Mr Breakout
Joined May 2011 | Status: Making money 1 pip at a time. | 2,150 Posts

Quoting cyguy

Disliked

{quote} Totally agree, the next closest software that I was impressed with is ninja trader, but im not about to drop 1k usd for it at this moment.. lol

Ignored