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Cable Update (GBPUSD)

  • #451,201
  • Mar 22, 2017 7:21am Mar 22, 2017 7:21am
not quite there yet,,,,,,, look for it to trade thru that trend line and get a higher low 1st,,,,,, getting into somethings that may make it bounce ,,,,double bottom thru the trend line ,,,,,,,,watch and make sure it don just make a little bear flag pattern trading back up to the neck line if and when it does bounce ,,, may be near yesterdays mid point got to run ,,trade safe all
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  • #451,202
  • Mar 22, 2017 10:13am Mar 22, 2017 10:13am
time to get long under today's low, should see minimum 1.2535 today
Loser trying to become a winner!
  • #451,203
  • Mar 22, 2017 12:16pm Mar 22, 2017 12:16pm
Quoting MyOpinion
time to get long under today's low, should see minimum 1.2535 today
seems to be struggling to clear 1.2480 though.
  • #451,204
  • Mar 22, 2017 12:41pm Mar 22, 2017 12:41pm
GU still maintain to north....
  • #451,205
  • Mar 23, 2017 2:54am Mar 23, 2017 2:54am
Good morning traders. After yesterday's sad events at Westminster let's hope the haters will not fan the flames and will show due respect to those who died and were injured or affected in any way by the incident.

The show must go on: 09:30 today Retail Sales. Very important number for the UK. My opinion is recorded here and here is a chart:

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and there we have a perfect scenario for a news trade. If we get significant numbers, there could be a good move.
Gone to a better place
  • #451,206
  • Mar 23, 2017 3:03am Mar 23, 2017 3:03am
Looking like a retracement in the cards ,, will probably be working the short side down to the weekly pivot area ,do have a few scattered between 1.25 and 1.2510 atm, will see what happens .. few areas it will have to chew thru.
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  • #451,207
  • Mar 23, 2017 3:12am Mar 23, 2017 3:12am
as mentioned some red tagged news could change the whole outlook ,,, lots of upside tgts also ,,trade safe all
  • #451,208
  • Mar 23, 2017 4:32am Mar 23, 2017 4:32am
buy buy buy with stops under 1.2460, i think we see 1.26.
Loser trying to become a winner!
  • #451,209
  • Mar 23, 2017 4:57am Mar 23, 2017 4:57am
Quoting MyOpinion
buy buy buy with stops under 1.2460, i think we see 1.26.
you will be much better off waiting and looking to see if it goes back to that level before you buy buy buy,,,,,,,just saying lol
  • #451,210
  • Mar 23, 2017 4:59am Mar 23, 2017 4:59am
if it goes back to that level it will be under the days open and the news will have been a good spike sellers where waiting for ,,,,,if you bought after the news and got filled at the top,,,,,,, wouldnt let it drift much past pre news levels before you got out
  • #451,211
  • Mar 23, 2017 5:02am Mar 23, 2017 5:02am
Quoting MyOpinion
buy buy buy with stops under 1.2460, i think we see 1.26.
Sterling is still under pressure following yesterday's terror attacks @ the Westminster Bridge. Buying interest after UK retail sales did not long life.
Sterling needs breakout of 2572/85.
  • #451,212
  • Mar 23, 2017 5:05am Mar 23, 2017 5:05am
This pair looks still bullish and I don't see any pressure due to terrorist attack. In fact, the pair recovered super fast yesterday following the events in London.
  • #451,213
  • Mar 23, 2017 5:12am Mar 23, 2017 5:12am
Quoting mades
This pair looks still bullish and I don't see any pressure due to terrorist attack. In fact, the pair recovered super fast yesterday following the events in London.
Recovered very fast but Death Toll News came very late!!! If Sterling is not under pressure it should have rallied at least 100 pips following Super Retail Sales.
  • #451,214
  • Mar 23, 2017 5:13am Mar 23, 2017 5:13am
Quoting Dr.Zain
{quote} Sterling is still under pressure following yesterday's terror attacks @ the Westminster Bridge. Buying interest after UK retail sales did not long life. Sterling needs breakout of 2572/85.
yea, pressure from some where ,,,,,, the way the gbp usually works with news like that it would have already been been 100 pips higher , the fact that it isint should at the very least cause a little caution I would think
  • #451,215
  • Mar 23, 2017 5:28am Mar 23, 2017 5:28am
Quoting Dr.Zain
{quote} Recovered very fast but Death Toll News came very late!!! If Sterling is not under pressure it should have rallied at least 100 pips following Super Retail Sales.
sorry didnt see you 100 pip quote before I posted lol, Been an hour since the news and no new hourly high as of yet,, not a good indication of a mkt being bought up,,,,,,,,, just saying
  • #451,216
  • Mar 23, 2017 5:40am Mar 23, 2017 5:40am
[quote=digger1;9699781]{quote} sorry didnt see you 100 pip quote before I posted lol, Been an hour since the news and no new hourly high as of yet,, not a
hello,
there is a very nice supply zone at daily 2535 /75. There is mo surety obviously but if price goes there then selling could be a good option. Till then its a waiting game, that is just my opinion. Purely based on charts.
  • #451,217
  • Mar 23, 2017 5:46am Mar 23, 2017 5:46am
Quoting digger1
{quote} yea, pressure from some where ,,,,,, the way the gbp usually works with news like that it would have already been been 100 pips higher , the fact that it isint should at the very least cause a little caution I would think
Very surprised hasn't tested 1.2535-1.2580 range yet suggests maybe this is a fake up move. No trade is certain but charts and longer term view of cable tell me this is no brainer long. Lets see what happens!
Loser trying to become a winner!
  • #451,218
  • Mar 23, 2017 6:03am Mar 23, 2017 6:03am
Bought at 1.2505. Looking to see a rise to 1.2525 as target followed by 1.2545.
  • #451,219
  • Mar 23, 2017 6:24am Mar 23, 2017 6:24am
well, selling 2513 looking for yesterdays low
  • #451,220
  • Mar 23, 2017 6:29am Mar 23, 2017 6:29am
the 1st tgt would obviously be todays low
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