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Cable Update (GBPUSD)

  • #451,061
  • Mar 17, 2017 5:35am Mar 17, 2017 5:35am
Quoting smikester
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.
We are also above the October highs, so not exactly bearish either.
  • #451,062
  • Mar 17, 2017 5:44am Mar 17, 2017 5:44am
Quoting aliqazi
GBP ends below 1.2260 by end of todays NY session.
also expecting the same
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #451,063
  • Mar 17, 2017 5:48am Mar 17, 2017 5:48am
Quoting Nala66
{quote} We are also above the October highs, so not exactly bearish either.

The high for October was 1.2940, 30 pips above the open. Are you looking at the Gbp/Usd chart?
Gone to a better place
  • #451,064
  • Mar 17, 2017 5:52am Mar 17, 2017 5:52am
Quoting Ill-b-back
1.24 looks like an area to look for reasons to sell {image}
3 daily bulls into the zone and I reckon it's Bullsh!te

Resistance/fibs/D-50sma/4hr-200sma might be coming into play.

would love to see a close below 2290 today for weekly rejection
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 22 KB
Come with me if you want to live....
  • #451,065
  • Mar 17, 2017 6:00am Mar 17, 2017 6:00am
Quoting Tpak
{quote} also expecting the same
Currently at 1.238 thats 1099 pips? ??

How did u come up with this
  • #451,066
  • Mar 17, 2017 6:03am Mar 17, 2017 6:03am
Quoting smikester
{quote} The high for October was 1.2940, 30 pips above the open. Are you looking at the Gbp/Usd chart?
I am talking of the October grouping, if you want to be so specific then the 19th October. However all this has nothing whatsoever to do with today where we have broken above the average and the bears have failed to make a lower average.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB
  • #451,067
  • Mar 17, 2017 6:08am Mar 17, 2017 6:08am
Quoting jpcashflow
{quote} Currently at 1.238 thats 1099 pips? ?? How did u come up with this
you mean 120 pips

1.2380 - 1.2260 = 120 pips
Come with me if you want to live....
  • #451,068
  • Mar 17, 2017 6:18am Mar 17, 2017 6:18am
Looks like we are about to test the daily open @ 1.2355. May be a bounce here. If there isn't, a bearish day in store.
Gone to a better place
  • #451,069
  • Mar 17, 2017 6:28am Mar 17, 2017 6:28am
Ooops! Picked up some of my pending orders.
Gone to a better place
  • #451,070
  • Mar 17, 2017 6:43am Mar 17, 2017 6:43am
We now seem to be testing the open from below.
Gone to a better place
  • #451,071
  • Mar 17, 2017 6:48am Mar 17, 2017 6:48am
Too much news from UK and EU area.

First, ECB's Comment about rates then SNP member's comment about having a Scot referendum and now Ex-politician comment about delaying referendum.. Woah, loving it...

EDIT: Couple of more news, ECB's Angeloni comment and French opinion poll
Losers Hope, Winners Believe
  • #451,072
  • Mar 17, 2017 7:00am Mar 17, 2017 7:00am
All closed at break even. Let New York decide what to do with this puppy.
Gone to a better place
  • #451,073
  • Mar 17, 2017 7:10am Mar 17, 2017 7:10am
Time will tell Nathan
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB
  • #451,074
  • Mar 17, 2017 7:50am Mar 17, 2017 7:50am
I've got a short on GBPUSD, with a TP at 1.2315. I think it's time for the tide to turn.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-03-17 at 8.48.10 PM.png Size: 191 KB
  • #451,075
  • Mar 17, 2017 8:33am Mar 17, 2017 8:33am
Here is a daily chart with some simple stuff on it:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd170317d1.JPG Size: 108 KB
Gone to a better place
  • #451,076
  • Mar 17, 2017 8:38am Mar 17, 2017 8:38am
Quoting houtiantan
I've got a short on GBPUSD, with a TP at 1.2315. I think it's time for the tide to turn. {image}
Mine is 1.2330, but i am beginning to worry, it can spike up, really no clear signal.
  • #451,077
  • Mar 17, 2017 9:07am Mar 17, 2017 9:07am
Quoting smikester
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...
Referring to this post, not the best pair to trade at the moment.
Gone to a better place
  • #451,078
  • Mar 17, 2017 9:29am Mar 17, 2017 9:29am
Quoting lissazi
{quote} Mine is 1.2330, but i am beginning to worry, it can spike up, really no clear signal.
Just closed my short. Staying out of the markets till next week.

We could very well be seeing a long term weakness in USD.
  • #451,079
  • Edited 10:27am Mar 17, 2017 10:11am | Edited 10:27am
4 hour chart the tails look like it wants to rocket ??
  • #451,080
  • Mar 17, 2017 10:51am Mar 17, 2017 10:51am
FWIW =
Attached Image (click to enlarge)
Click to Enlarge Name: merkel.png Size: 5 KB
da n0o0b + $hit_Disturber
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