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Cable Update (GBPUSD)

Long at 1.29526
Quoting riclater211
{quote} Still waiting for price to get out of this range. - Ric {image}
Very simple and informative !.Thanks
sell strength in falling markets, and buy weakness in rising markets.
Quoting mikeeating
{quote} {quote} you guys seemed quite sure that it would drop, was it because the lower levels hadn't been tested yet?
Nothing is sure , but after several attempts that failed to break up on friday , it was logic that the berrish trend will continue.
I took under advice another 2 things that i look for .
First , the dx holds himself above significant price 97.075 for a few days before .
And the s&p was about to drop , and i think that there is slight correlation between him and the gu
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don't try to tell the market where to go , let him tell you
Quoting mikeeating
{quote} {quote} you guys seemed quite sure that it would drop, was it because the lower levels hadn't been tested yet?
for today, I have buy limit in GU at 2921, 2911, 2902.5
Intra day only.
Quoting navk
{quote} for today, I have buy limit in GU at 2921, 2911, 2902.5
My Buy Limit on 1.2900
TP 100pips on 1.3000
SL 50pips on 1.2850


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gu h1+30
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don't try to tell the market where to go , let him tell you
Shorting in at 1.2960
Play it by beer!!!
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to err is human
Quoting elbert3
Stick to the plan . Doji s are better on a tl and or a s/r line there is change but where ? The games a foot Watson
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3 pips off at this time
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to on 11 positions
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the question .. hold or fold and or go long on the possible doji candle .. or hedge and reload higher ..
Quoting Theoak
Shorting in at 1.2960
Winner +21 pips
Play it by beer!!!
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day chart . Might be worth planning the extension move
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draw in your tl on the two bottom levels to see if it possibly breaks in to a lower level but always look left .
Quoting Theoak
{quote} Winner +21 pips
Back in short 1.28957
Play it by beer!!!
Quoting Theoak
{quote} Back in short 1.28957
Winner + 6pips
Play it by beer!!!
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the 1 hour break might be the stronger resistance now to any possible bounce of 2907 for any possible scalp trade . That's enough from me today . Good luck all
Just another note .watch any push down to 2880 area for the news . I have buys at that level
Nothing is guaranteed at 1.28830. We may have sideways of price action as the area is a horizontal support on the D1 time frame but we cant't be sure of a northward (bullish) turnaround. We may even have a bearish break-down of the area.

Trade safe.

KP
Do your homework, follow the footprints of smart money
Quoting navk
{quote} for today, I have buy limit in GU at 2921, 2911, 2902.5
buy limits did not get hit.
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Intra day only.
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