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Cable Update (GBPUSD)

  • #451,041
  • Mar 16, 2017 6:53pm Mar 16, 2017 6:53pm
Quoting Nala66
I don't know what all you folks are referencing, all I see is a series of measured moves. There is only so much money involved and this simply swings from one hand to another or zero sum if you like. All that is required is to watch the side of the break and a specific triangle formation plots the AB = CD for you. There is no more mumbo - jumbo to it that that. In other words there is a formation phase (loading) and an execution phase. Speculating during a formation phase is a risky business and many people lose money trying to outguess the outcome....
Today I eat the sandwich meat and all with a cup of tea and a Bourbon biscuit .. Lol regards E
  • #451,042
  • Mar 16, 2017 6:59pm Mar 16, 2017 6:59pm
Taken 2345 target 2360 and hold it
  • #451,043
  • Mar 16, 2017 7:11pm Mar 16, 2017 7:11pm
Yep I am all the time long also but only scalping the easy money.
  • #451,044
  • Mar 16, 2017 10:14pm Mar 16, 2017 10:14pm
Quoting Crown
{quote} May need to hold for couple more weeks! I hope for strong continuation! {image}
let market decide or let dance with market?

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Quoting Desrisusanti
{quote} luarrr biasa

biasa diluar
  • #451,045
  • Mar 16, 2017 10:29pm Mar 16, 2017 10:29pm
story always remain, absolutely have 2 choice, Buy or Sell

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good nite!

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  • #451,046
  • Mar 16, 2017 11:18pm Mar 16, 2017 11:18pm
1.24 looks like an area to look for reasons to sell
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Come with me if you want to live....
  • #451,047
  • Mar 17, 2017 1:03am Mar 17, 2017 1:03am
GBP ends below 1.2260 by end of today’s NY session.
One Day U Will Miss me!
  • #451,048
  • Mar 17, 2017 1:21am Mar 17, 2017 1:21am
Quoting aliqazi
GBP ends below 1.2260 by end of todays NY session.
How did you come up with that idea?
  • #451,049
  • Mar 17, 2017 2:10am Mar 17, 2017 2:10am
2347 back to 2371 now 2370 back to 2351 and see what then
  • #451,050
  • Mar 17, 2017 2:20am Mar 17, 2017 2:20am
Quoting elbert3
2347 back to 2371 now 2370 back to 2351 and see what then
Just in time is it total rejection
  • #451,051
  • Mar 17, 2017 2:26am Mar 17, 2017 2:26am
2308 unless something pops up so carefull fib 2242 and 2374
  • #451,052
  • Mar 17, 2017 2:31am Mar 17, 2017 2:31am
17/03/17 FRIDAY 08:30+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #451,053
  • Mar 17, 2017 3:20am Mar 17, 2017 3:20am
The week turned out to be very positive for the Sterling. GBP/USD reached a high of 1.2378, but i think Art 50 triggering will put out the fire.
  • #451,054
  • Mar 17, 2017 3:48am Mar 17, 2017 3:48am
Looks like it wants 2408
  • #451,055
  • Mar 17, 2017 4:12am Mar 17, 2017 4:12am
definitely didnt want below quarterly open lol,,,, should get thru that average by the looks ,,,, could be on its way back to the neckline of the H & S pattern it sold off from, cheers all
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  • #451,056
  • Mar 17, 2017 4:16am Mar 17, 2017 4:16am
Seems like up to 1.2450ish shouldn't be a problem , but there is some tough resistance above that. Probably dreaming but cant help but think could see 1.2530 today with G20.
Loser trying to become a winner!
  • #451,057
  • Mar 17, 2017 4:24am Mar 17, 2017 4:24am
Quoting Nala66
Looks like it wants 2408
When it gets there could see fast move up to 2440 area then retest of breakout . Will watch in case that comes off . E
  • #451,058
  • Mar 17, 2017 4:31am Mar 17, 2017 4:31am
Quoting elbert3
{quote} When it gets there could see fast move up to 2440 area then retest of breakout . Will watch in case that comes off . E
The GBP is cheap vs most currencies and also since the intention of breaking out of the eu the economy has not suffered at all.
  • #451,059
  • Mar 17, 2017 5:09am Mar 17, 2017 5:09am
According to my chart Cable has risen 20 pips this month, so far. Cable still trading within the October 2016 monthly candle range and with the political situation confused and in terms of trading, choppy, I'm looking at numbers like 1.25, and March ?? for Article 50 to be invoked.

Anything between those numbers is vague and difficult to trade. I like to see trades off the hourly chart, during London and New York sessions and not usually on a Friday. I will only trade in the direction of the daily trend. This is what works for me after 10+ years of trading.

We are currently (right now) bumping into the lows of February's weekly candles. Not exactly bullish, in my view. An interesting gamble would be to short off these levels, low margin. I don't gamble, though.
Gone to a better place
  • #451,060
  • Mar 17, 2017 5:29am Mar 17, 2017 5:29am
Oh yes, meant to add - today is Friday so some longs will be closed today for weekend...
Gone to a better place
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