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Cable Update (GBPUSD)

  • #452,661
  • May 18, 2017 5:36am May 18, 2017 5:36am
Quoting Nala66
I have 3057 as the 5 minute target
agree, have some R at 3050/55...might cap it, looking for long scalps, but prolly not gonna get a chance today...
Look Sharp/Trade Tight
  • #452,662
  • May 18, 2017 7:45am May 18, 2017 7:45am
long until at least 1.3030
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Don't Worry Be Happy
  • #452,663
  • May 18, 2017 11:13am May 18, 2017 11:13am
Hi everyone, im new to the forum. May i ask if it is possible for the cable to go back to 1.2930 or even 2920 in short term?
  • #452,664
  • May 18, 2017 12:41pm May 18, 2017 12:41pm
Quoting seruka
Hi everyone, im new to the forum. May i ask if it is possible for the cable to go back to 1.2930 or even 2920 in short term?

There was your 1.2920 ! What happened ? What is this crazy spike?
  • #452,665
  • May 18, 2017 12:43pm May 18, 2017 12:43pm
Quoting Danvelvet33
{quote} There was your 1.2920 ! What happened ? What is this crazy spike?
https://www.fxstreet.com/news/feds-m...n-201705181734
  • #452,666
  • May 18, 2017 12:48pm May 18, 2017 12:48pm
Quoting Danvelvet33
{quote} There was your 1.2920 ! What happened ? What is this crazy spike?
No news to talk of? 90 pip drop in one minute! It has bounced back 50% but still quite a move.
  • #452,667
  • May 18, 2017 12:49pm May 18, 2017 12:49pm
Quoting sk966
{quote} https://www.fxstreet.com/news/feds-m...n-201705181734
Thank you!
  • #452,668
  • May 18, 2017 12:50pm May 18, 2017 12:50pm
Quoting seruka
Hi everyone, im new to the forum. May i ask if it is possible for the cable to go back to 1.2930 or even 2920 in short term?
Yes!
  • #452,669
  • May 18, 2017 12:51pm May 18, 2017 12:51pm
That was one crazy move, good that i have closed all my longs earlier!

hard to tell if it'll continue up or change direction!
  • #452,670
  • May 18, 2017 12:59pm May 18, 2017 12:59pm
Quoting fxmasterdxb
That was one crazy move, good that i have closed all my longs earlier! hard to tell if it'll continue up or change direction!
USD is strong against Yen and Euro so expect further downside on the GBP myself?
  • #452,671
  • May 18, 2017 1:09pm May 18, 2017 1:09pm
Lets see how it plays stayed short on this pair.
also Shorted Euro - usd at 111 400 see how they run.

Pound dollar no target set as of yet.

If it breaks this high then for sure gonna re-load short.
Attached Image (click to enlarge)
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  • #452,672
  • May 18, 2017 1:54pm May 18, 2017 1:54pm
Quoting fxmasterdxb
That was one crazy move, good that i have closed all my longs earlier! hard to tell if it'll continue up or change direction!
2760 will negate the upside move!!!
  • #452,673
  • May 18, 2017 1:57pm May 18, 2017 1:57pm
Quoting Danvelvet33
{quote} There was your 1.2920 ! What happened ? What is this crazy spike?
Fat Finger or Stop Hunt, This is 3rd Flash Trade since Oct!!!
  • #452,674
  • May 18, 2017 3:00pm May 18, 2017 3:00pm
Quoting Ill-b-back
I'm thinking we have another 70 odd pips north to 3022-3030 region before we get a temp halt to bullish proceedings. {image}
Ok then,

What's next IBB you smart ar@e??

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Come with me if you want to live....
  • #452,675
  • May 18, 2017 3:14pm May 18, 2017 3:14pm
My area of interest below to look for PA reasons to long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 25 KB
Come with me if you want to live....
  • #452,676
  • May 18, 2017 3:21pm May 18, 2017 3:21pm
Quoting Dr.Zain
{quote} Fat Finger or Stop Hunt, This is 3rd Flash Trade since Oct!!!
That was only a tinny forerunner imo. And showed how vulnerable and fragile the Cable is.

Im expecting a nice big flash crash in the next few months and loading up shorts on every peak

glta
How to opt out annoying user signatures ??
  • #452,677
  • May 18, 2017 6:00pm May 18, 2017 6:00pm
What on Earth did you guys do to the cable while I was asleep. It started off with good intentions and crashed from the top instead of making the breakout. This sort of stuff makes a mockery of long term trading and supports my attitude of taking 20 pips a day and quitting.

The GBP is still trending upwards but making a sloppy job of it with these choppy moves.
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  • #452,678
  • May 18, 2017 6:10pm May 18, 2017 6:10pm
Cable couldn't remain above 1.3000 level, increase the chance of further decline, immediate support can be found around 1.2900/1.2880 zone.
  • #452,679
  • May 18, 2017 6:24pm May 18, 2017 6:24pm
Quoting csc2009
Cable couldn't remain above 1.3000 level, increase the chance of further decline, immediate support can be found around 1.2900/1.2880 zone.
Well I don't know how that figures..We could also say the bears are failing to make lower lows on the daily indicating a continued up move.

As for the support you speak of you don't mention the time frame you are looking at. Support on the daily is way down at 249
  • #452,680
  • Edited 7:59pm May 18, 2017 7:19pm | Edited 7:59pm
Quoting Ill-b-back
My area of interest below to look for PA reasons to long {image} {image}
But, it IS tempting to short for a bit
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 24 KB
Come with me if you want to live....
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