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Cable Update (GBPUSD)

  • #452,121
  • Apr 18, 2017 1:13pm Apr 18, 2017 1:13pm
it will still go up???
  • #452,122
  • Apr 18, 2017 1:17pm Apr 18, 2017 1:17pm
As the market is stil volatile, anyone is on long/short now
  • #452,123
  • Apr 18, 2017 1:19pm Apr 18, 2017 1:19pm
Dollar been down since 6/4/17
  • #452,124
  • Apr 18, 2017 1:30pm Apr 18, 2017 1:30pm
Quoting louieevans
it will still go up???
After 400 pips today.

Sure.

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  • #452,125
  • Apr 18, 2017 1:41pm Apr 18, 2017 1:41pm
Quoting Toranaga
{quote} After 400 pips today. Sure.
  • #452,126
  • Apr 18, 2017 1:41pm Apr 18, 2017 1:41pm
really???
  • #452,127
  • Apr 18, 2017 1:45pm Apr 18, 2017 1:45pm
Quoting elbert3
{quote} I would like target to be 10 ema on monthly chart
Anybody check monthly 10 ema ??
  • #452,128
  • Apr 18, 2017 1:57pm Apr 18, 2017 1:57pm
There was a 15 mim tl that I targeted 2770 and pulled the trade to look for short but if you look it shot up ??? And confirmed out at the top part of the line ?? Did not know what was going on today until I came home . I hope somebody made a few £££ now you have to watch the price is along way from the 4 hour tl . So it will 1 wait till 10 ema catches up on 4 hour . Or it will tick down slow and then you find your in a short move down big time . 2605 is support I would say . Dig where you in ???
  • #452,129
  • Apr 18, 2017 1:59pm Apr 18, 2017 1:59pm
wow, this thing exploded on all crosses
Don't Worry Be Happy
  • #452,130
  • Apr 18, 2017 2:02pm Apr 18, 2017 2:02pm
No shorts for me, there isn't any sign of weakness yet and far to risky! Be careful shorting!!
  • #452,131
  • Apr 18, 2017 2:07pm Apr 18, 2017 2:07pm
hahaha, all the speculators who tried to short the pound this week got spanked out of the market
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Don't Worry Be Happy
  • #452,132
  • Apr 18, 2017 2:15pm Apr 18, 2017 2:15pm
Quoting MrPresident
hahaha, all the speculators who tried to short the pound this week got spanked out of the market {image}
Why didnt you posted that yesterday ??

Afterwards we are all smarter !!

Fail.
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  • #452,133
  • Apr 18, 2017 2:16pm Apr 18, 2017 2:16pm
Quoting Toranaga
{quote} Why didnt you posted that yesterday ?? Afterward we are all smarter !! Fail.
no, but i posted it last week and i said that the GBP would explode on crosses and then it did

look at my history
Don't Worry Be Happy
  • #452,134
  • Apr 18, 2017 2:25pm Apr 18, 2017 2:25pm
Last week. Cool. Just give me 2-3 hours to find it, between other 500 posts.

he he he..

The only reason GBP spiked today is because of the announcement !!

And pump !!

And if COT showed is last week, then only because they knew more than we atm.

So please, dont be boastful, we are all on the same side.

Greets,

T.
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  • #452,135
  • Apr 18, 2017 2:59pm Apr 18, 2017 2:59pm
Quoting Toranaga
Last week. Cool. Just give me 2-3 hours to find it, between other 500 posts. he he he.. The only reason GBP spiked today is because of the announcement !! And pump !! And if COT showed is last week, then only because they knew more than we atm. So please, dont be boastful, we are all on the same side. Greets, T.
COT was showing a divergence between the short and long positions for some time and it reached extreme levels. There was a build up of record level short GBP positions and then the market turned. All of the banks were speculating that the GBP would drop and even Goldman Sachs said that this pair would go down to 1.20 or lower in a "hard Brexit".
Don't Worry Be Happy
  • #452,136
  • Apr 18, 2017 3:04pm Apr 18, 2017 3:04pm
Any shorts from here worse case 2245 but that would still keep it in a up Trans as long as that does not fail the tl
  • #452,137
  • Apr 18, 2017 3:50pm Apr 18, 2017 3:50pm
Long break should be 3355 close gap
  • #452,138
  • Apr 19, 2017 1:27am Apr 19, 2017 1:27am
Quoting elbert3
Any shorts from here worse case 2245 but that would still keep it in a up Trans as long as that does not fail the tl
Morning 2839 was short target 2760 area 2608 2 nd target cable don't like giving that many pips away . If 2760 area is a bounce then look to yesterday high and 3355 possible
  • #452,139
  • Apr 19, 2017 1:31am Apr 19, 2017 1:31am
Just a note 2520 area was support and then 2950 so it told us it can break that support . Just a note !!
  • #452,140
  • Edited 2:24am Apr 19, 2017 2:07am | Edited 2:24am
could get a retreat from here to some weekly support for breakout retest before another leg up to 3037 area.

EDIT: Temporary push this week up to 3037 area first might be more logical before a potential retreat.
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