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Cable Update (GBPUSD)

  • #450,981
  • Mar 15, 2017 8:50pm Mar 15, 2017 8:50pm
Dont think Im seeing what your referring to E,,,, trendline guru I am not lol.
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  • #450,982
  • Mar 15, 2017 9:02pm Mar 15, 2017 9:02pm
Monthly I still see this eventually, hard to turn a ship around on a dime .
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  • #450,983
  • Mar 15, 2017 9:27pm Mar 15, 2017 9:27pm
exited all shorts at 2266,,,,,,,,, yesterdays cam breakout tgt of H4 to H5, gave up a little on a couple early ones but larger posistions from last weeks high more than covered the little loss . Did buy a few small positions but am thinking there could be better prices to buy at in the green box ,,,,,, but ya never know on these breakouts,,, any how hope everyone makes a bundle , I am posting to much and missing a few trades in other pairs and that f$ I mean screws with my bottom line lol, good luck all .
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  • #450,984
  • Edited 1:59am Mar 16, 2017 12:39am | Edited 1:59am
Quoting MarianneOslo
{quote} Look at the Charts and see the turing points. 15 january abouth RSI 30 USD/GBP 19,76 1 Feb RSI 70 USD/GPB 1.2705. 26 february RSI 70 1.2575. 14.03 RSI 20 121.09. I agree very much with Torangas post. This pair is unpredictable. It is better with the 10 pips on the euro/USD. There are also strange movements when we see change in positions. I think we saw a turning point today in this pair. With this I mean short term. News can trigger more downside but i should retrace to above 1.23. It is just the same situation now as when the currency...

My goal was 1.23 and a little above last weeks high. It stopped at 1.2307. I took a break from this yday. Just bought again 1.2265 since my bank have buy signal from 1.2260. I am out if this goes under 1.2260. I am not risking anything. The election result is bad news for the UK and isolation but we could see one more retrace in what I belive is change in position from short to long. But lets see

Out already at 1.2276. Will have a rest from this I think and buisy working today.

Some news also coming from UK today. I am certain it will be no rate hike today. They will need a weak GBP for the export but it could make i voialtil toaday.

For those who is interested there is also a rate desision in the NOK today. It did decline 3 % due to the oil decline in only 14 days. No rate dedution can make the NOK rise at least 1 % at 10 today but many forex companies have big spreads in this.If the oil price also is coming up one can quickly get 2 % in this. It is also date for taxpayment 1 april where foreign Companies buy NOK to pay the oiltax.


From FF
GBP/USD: Neutral: In a higher 1.2150/1.2370 range.
GBP hit a high of 1.2308 yesterday, a few pips above the expected 1.2100/1.2300 consolidation range. While the undertone has improved with the strong daily closing, it is too early to expect a sustained rally. That said, the current upmove has room to extend higher but at this stage, we view any GBP strength as part of a 1.2150/1.2370 consolidation range (higher than the 1.2100/1.2300 expected previously
  • #450,985
  • Edited 2:11am Mar 16, 2017 12:54am | Edited 2:11am
Quoting pipsy7
{quote} ------- hi Marianne , u made $$$ on ur longs g/u , I kept my shorts + took a few more

hi pipsy 7 Nice following you trustable guy. Those who were short and suddenly long after 1 % rise is not that thrustworthy. It means nothing telling that one is long after the rise. You told that you reached Your short target at ca 1,2125 while others showed how it would decline to 1.20 after a decline of 1% in 15 minutes.
  • #450,986
  • Mar 16, 2017 3:04am Mar 16, 2017 3:04am
unlike eu , it may continue up for 1.2350 providing 1.2256 intact . take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #450,987
  • Mar 16, 2017 3:04am Mar 16, 2017 3:04am
Quoting pipsy7
{quote} ------- TP4 @20677 = imho ATM = {image} {image}
-------
I hav 2 Blieve in my syst. No matter what !
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da n0o0b + $hit_Disturber
  • #450,988
  • Mar 16, 2017 3:07am Mar 16, 2017 3:07am
Statistics of recent 36 releases of GB Bank Rate decisions/ US Jobless claims (same day, 2 exceptions) in the past 3 years.
Upper Chart: Daily volatility (Daily high - Daily low), on avg. 138pips volatility than 123pips in normal days.
Lower Chart: Two trading days' performance (in pips) following the rate decisions, 8 out of 36 times is up.


craftsman

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  • #450,989
  • Mar 16, 2017 3:38am Mar 16, 2017 3:38am
17/03/16 WEDNESDAY 09:32+1GMT
MORNING REPORT
Ubi maior minor cessat
  • #450,990
  • Mar 16, 2017 4:20am Mar 16, 2017 4:20am
Current look on this pair is making my eyes wet... I knew that decline was not going to last...

Nevermind, I hope that others have got many green pips.
"Don't lose your cool, and you will fare well".
  • #450,991
  • Mar 16, 2017 5:15am Mar 16, 2017 5:15am
Strong line
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  • #450,992
  • Mar 16, 2017 6:40am Mar 16, 2017 6:40am
Potential rally to 1.2350. What are your thoughts?
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  • #450,993
  • Mar 16, 2017 7:11am Mar 16, 2017 7:11am
FLY & FLY
  • #450,994
  • Mar 16, 2017 7:26am Mar 16, 2017 7:26am
Quoting Sintein
Strong line {image}
If you put s tl on the top what do you get regards E
  • #450,995
  • Mar 16, 2017 7:28am Mar 16, 2017 7:28am
2362 and 2385 4 hour resistance for now
  • #450,996
  • Mar 16, 2017 7:30am Mar 16, 2017 7:30am
Quoting MyOpinion
{quote} Took my stops finally but i'm not convinced so have re-entered long at 1.2135 stops 1.2032 take profit 1.2365. Thankfully took some profit from 1.2165 to 1.222.
Moved profit taking to 1.2375 , will be very interested to see what happens in that area ( assuming it gets there).
Loser trying to become a winner!
  • #450,997
  • Mar 16, 2017 7:33am Mar 16, 2017 7:33am
Quoting houtiantan
Potential rally to 1.2350. What are your thoughts? {image}
Obviously your 1st question answered , potential for more , spots marked , wouldnt think it would do it in a strait shot , but it is the gbp lol, will see if it tests the quarterly open and bounces , looks beyond that atm tho.
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  • #450,998
  • Mar 16, 2017 7:37am Mar 16, 2017 7:37am
Quoting digger1
{quote} Obviously your 1st question answered , potential for more , spots marked , wouldnt think it would do it in a strait shot , but it is the gbp lol, will see if it tests the quarterly open and bounces , looks beyond that atm tho. {image}
Question is was it bottom so glad I swapped over . Regards B
  • #450,999
  • Edited 7:52am Mar 16, 2017 7:40am | Edited 7:52am
Cable work great!

it's just beginning,

maybe need 3 - 4 week!

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and tea
  • #451,000
  • Mar 16, 2017 7:41am Mar 16, 2017 7:41am
Quoting digger1
{quote}Oh I had my longs from yesterdays open , and what orders got filled on the breakout shown earlier , they didnt all get filled now my shorts from last weeks high are paying lol,,,,,,,,,,,,buuuuut , will be out of most here pretty quick, will watch the 50% level of this pop up to try some longs , 2240ish , 2255 ish . reasons posted , stochs are in the process of crossing on my daily ,,doubt it goes all the way back to the breakout point , but a deep one would be better for a crack at the quarterly open and the 50% level of the move down . {image}...
If it takes out above numbers which it is trying on 62 for now 2408 would be a good pt ..B
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