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Cable Update (GBPUSD)

  • #452,081
  • Apr 18, 2017 4:04am Apr 18, 2017 4:04am
Shorted at 2590 looking for 2560. I still have a level at 2490, will it get hit today?! Let's see
  • #452,082
  • Apr 18, 2017 4:42am Apr 18, 2017 4:42am
closed second long for 152 pips
wait and watch time suspect the PM speech at 11.15 is on a Political level perhaps even already known my many in the know, if it were totally ground breaking then the whole news world would not be waiting they would be reporting.
  • #452,083
  • Apr 18, 2017 5:13am Apr 18, 2017 5:13am
Everyone who wanted to stay in europe will now consider to vote against the conservatives lets not forget it was a close call for and against - so it wont be a walk in the park for May - esp if lib dems and labour want to stay in the European zone then for sure they will get the European voters who want to stay in.
  • #452,084
  • Apr 18, 2017 5:14am Apr 18, 2017 5:14am
Quoting dean1star
Dangerous speech from May everyone who wanted to stay in europe will now consider to vote against the conservatives lets not forget it was a close call for and against - so it wont be a walk in the park for May - esp if lib dems and labour want to stay in the European zone.
It should be an easy walk in the park for May, with Labour 21 points behind in the polls - otherwise she wouldn't take such a gamble.

She will need to get parliament approval for this proposed date, given the restrictions of the Fixed-terms Parliament Act. This approval shouldn't be an issue, given Labour, under Corbyn, have previously indicated they would welcome an early election.
  • #452,085
  • Apr 18, 2017 5:19am Apr 18, 2017 5:19am
Quoting gammase1
{quote} It should be an easy walk in the park for May, with Labour 21 points behind in the polls - otherwise she wouldn't take such a gamble. She will need to get parliament approval for this proposed date, given the restrictions of the Fixed-terms Parliament Act. This approval shouldn't be an issue, given Labour, under Corbyn, have previously indicated they would welcome an early election.
Likewise Not convinced with you opinion either there but hey lets wait and see shall we .. if you read my post correctly you would understand the meaning better..
  • #452,086
  • Apr 18, 2017 5:25am Apr 18, 2017 5:25am
Quoting dean1star
210 pips closed long position pound dollar. second long position letting it run for a higher close. euro usd long postions also letting them run for higher close.
Hope all is well ,,,,, yea it finally made it to the 200 on the daily ,,,, closed what I had there for longs ,,,,,,, I do have a few shorts from 2601 and 2603 1st tgt area on chart ,, see what happens if and when it gets there , will see what happens hope all here are doing well ,,,,,,busy time of year for me so cant keep up as well as Id like one level to keep in mind is the quarterly roll 2545 ,,,,,,if it dont get and stay below that will be out of longs and reassess when I can cheers all .
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  • #452,087
  • Apr 18, 2017 5:33am Apr 18, 2017 5:33am
After TM & On-going Brexit fears
Cable seems to be a dead short down to the 1.15 level at least till everything calms.
  • #452,088
  • Apr 18, 2017 6:01am Apr 18, 2017 6:01am
Short from 1.2650 with TP@ 1.2590. Will add new shorts from 1.2670/90. Dont know how far it can go, but my SL will be @1.2710. Lets see what happens. Dont know how good news was for UK.
  • #452,089
  • Apr 18, 2017 6:02am Apr 18, 2017 6:02am
Quoting bithedz
Here we go, cable tested last week high! big problem waiting Cable yellow +0.5 and Aqua +1.0 {image} finding leg to kick her ass {image}
Finally took some profits off the board this morning!
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  • #452,090
  • Apr 18, 2017 6:05am Apr 18, 2017 6:05am
I wont say trader or traders but some people around here who shout before a PM news statement to go short on this pair as the four hour has closed and price is down really need to consider if they are either fit for trading purposes or they need to do something else with their life. You know who you are and yes shame on you. What they should of said was wait to go short after Wall st have their say as they are still breaking the trump move even higher. I closed my trade with the view to wait and watch so will wait to short when the time is right and untill then watching. You dont need to be a scientist to see the stats are down in the forum and wondering why seems to be easy.
  • #452,091
  • Apr 18, 2017 6:31am Apr 18, 2017 6:31am
Any drop would be a good purchase
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Come with me if you want to live....
  • #452,092
  • Apr 18, 2017 7:04am Apr 18, 2017 7:04am
SO it makes 127 after all did mention last night lol but hey 350 pips on this up move is plenty pips banked.
In on the 10th April.
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  • #452,093
  • Apr 18, 2017 7:41am Apr 18, 2017 7:41am
Quoting mrhb30jr
Nice short GU on the next level 1.27xx ...
Hi All
GBPUSD continue going up rejection short from 1.27xx, price has been recover sell to 1.25 this afternoon,
and continue pullback with strong momentum, and what i see 1.27 level will break out to be continue the next level at 1.29xx area

this is my view ,....

Here is M5 Chart
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H4 Chart
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D1 Chart Strong S/R Area
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Cheers
  • #452,094
  • Apr 18, 2017 7:47am Apr 18, 2017 7:47am
Quoting dean1star
SO it makes 127 after all did mention last night lol but hey 350 pips on this up move is plenty pips banked. In on the 10th April. {image}
Hello dean,
Do you trade Eurgbp. I see a major buy on the daily chart. But am i seeing things or does this has merit. Whats your view..??
  • #452,095
  • Apr 18, 2017 7:54am Apr 18, 2017 7:54am
Quoting mrhb30jr
{quote} Hi All GBPUSD continue going up rejection short from 1.27xx, price has been recover sell to 1.25 this afternoon, and continue pullback with strong momentum, and what i see 1.27 level will break out to be continue the next level at 1.29xx area this is my view ,.... Here is M5 Chart {image} H4 Chart {image} D1 Chart Strong S/R Area {image} Cheers

Now Price go thru 1.27 point ...
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  • #452,096
  • Apr 18, 2017 8:21am Apr 18, 2017 8:21am
Quoting NMZee
{quote} Hello dean, Do you trade Eurgbp. I see a major buy on the daily chart. But am i seeing things or does this has merit. Whats your view..??
Interesting question NMZEE from my previous experience on EurGbp i have found it has a planatery pull surrounding it not literally but its not just as simple as saying one pair corresponds with the other sure pound dollar has its pull or sway but i found it to be a higher time frame pair to trade, 4 hours gives a good guide i had it in a buy zone but would be carrying the trade after the PM speech this morning , in simplicity i find two pairs enough to trade - pound dollar and euro dollar, if this helps. Btw i have in the past been caught on the EURGBP so these days just focus on two pairs. Helps with ones sanity not that theres much left lol ..

See the trend line on the chart thats marking the buy zone on EURGBP - that said waiting now for the pound dollar to get a short in but i dont see it today .. once i get a short signal on pound dollar then i would go back to look at EurGBp and not before other wise uncertainty comes into the game and you end up guessing trades which is no fun whatsoever. The blue line and from price today shows the potential buy zone that was there.
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  • #452,097
  • Apr 18, 2017 8:28am Apr 18, 2017 8:28am
1.2770 will be interesting ..
  • #452,098
  • Apr 18, 2017 8:30am Apr 18, 2017 8:30am
Hope dec 2016 high can hold 1.2780…
Self discipline It is a practice
  • #452,099
  • Apr 18, 2017 8:32am Apr 18, 2017 8:32am
GBP/USD moved above the 200-day SMA for the first time since the historic Brexit to hit an over 2-month high. The pair surged through the 1.26 handle following Theresa May’s unexpected move to call for a general election on June 8.
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LIVE account login: 888000229 Inv pword: HpLk5uQ
  • #452,100
  • Apr 18, 2017 8:58am Apr 18, 2017 8:58am
....(,'')....
- = hold = -
...(",)....

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