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Cable Update (GBPUSD)

  • #453,241
  • Jun 22, 2017 9:51am Jun 22, 2017 9:51am
Favoring a move towards 12750 or above...... seems like there are a few targets there to fill.
Guess shorts will be back in once those numbers around there are hit.
  • #453,242
  • Jun 22, 2017 9:58am Jun 22, 2017 9:58am
Are they going to leave breakout to Asians?
  • #453,243
  • Jun 22, 2017 12:11pm Jun 22, 2017 12:11pm
1.2673 then 1.2684 very high prob targets GL
  • #453,244
  • Jun 22, 2017 2:40pm Jun 22, 2017 2:40pm
Quoting josh11
1.2673 then 1.2684 very high prob targets GL
both hit
  • #453,245
  • Edited Jun 23, 2017 12:30am Jun 22, 2017 11:46pm | Edited Jun 23, 2017 12:30am
165 pips closed on both longs .. think it will go higher but that was the trade.
  • #453,246
  • Jun 23, 2017 12:07am Jun 23, 2017 12:07am
270 was the triangle target level
  • #453,247
  • Jun 23, 2017 12:25am Jun 23, 2017 12:25am
Inserted Video
  • #453,248
  • Jun 23, 2017 1:06am Jun 23, 2017 1:06am
Attached Image (click to enlarge)
Click to Enlarge Name: 35.png Size: 17 KB
This is not investment/trading advise. Will not hold accountable for loss
  • #453,249
  • Jun 23, 2017 1:59am Jun 23, 2017 1:59am
Looks like shorts are almost ready to pounce...... 1.2730 or more seems to be the price they need.

Shorted 1.2735, target probably 200-300 pips below...... going to take a while but hopefully it gets there.

Cheers everybody.
  • #453,250
  • Jun 23, 2017 2:47am Jun 23, 2017 2:47am
Welcome to dull and impotent as always London session
  • #453,251
  • Jun 23, 2017 2:55am Jun 23, 2017 2:55am
holding my short from 1.2700 stop 1.2760
Letting losses run is the most serious mistake made by most investors.
  • #453,252
  • Jun 23, 2017 4:31am Jun 23, 2017 4:31am
This is getting tricky now, doesn't look like there is any huge dump at around 1.2735 level. Next level is around 1.2770 upwards.
Now it seems another possible setup is for the pair to bounce at around 1.2670 level for 1.2770 or it attempts 1.2770 and upwards from here before diving down.

Guess i need to revisit the charts...... something is missing from the jigsaw. Puzzling..... maybe somebody reading this have ideas to share.

Cheers.
  • #453,253
  • Jun 23, 2017 5:33am Jun 23, 2017 5:33am
Quoting 10cents
This is getting tricky now, doesn't look like there is any huge dump at around 1.2735 level. Next level is around 1.2770 upwards. Now it seems another possible setup is for the pair to bounce at around 1.2670 level for 1.2770 or it attempts 1.2770 and upwards from here before diving down. Guess i need to revisit the charts...... something is missing from the jigsaw. Puzzling..... maybe somebody reading this have ideas to share. Cheers.
1.3
  • #453,254
  • Jun 23, 2017 5:41am Jun 23, 2017 5:41am
Quoting 10cents
This is getting tricky now, doesn't look like there is any huge dump at around 1.2735 level. Next level is around 1.2770 upwards. Now it seems another possible setup is for the pair to bounce at around 1.2670 level for 1.2770 or it attempts 1.2770 and upwards from here before diving down. Guess i need to revisit the charts...... something is missing from the jigsaw. Puzzling..... maybe somebody reading this have ideas to share. Cheers.
where do you get these levels .....1.2770 out of curiosity i looked at several charts from daily to hourly and i dont see any 1.2770 SIGNIFICANT level. maybe is a level because you bought there in the past?
The risk is what gives value to an investment.
  • #453,255
  • Jun 23, 2017 5:49am Jun 23, 2017 5:49am
The price moves up to point 1,28070. And I think that it will reach this point and go down to the point of 1.26881. And probably will go lower to the point of 1.26352.
Attached Image (click to enlarge)
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  • #453,256
  • Jun 23, 2017 5:50am Jun 23, 2017 5:50am
Quoting 3cent
{quote} where do you get these levels .....1.2770 out of curiosity i looked at several charts from daily to hourly and i dont see any 1.2770 SIGNIFICANT level. maybe is a level because you bought there in the past?

Hello 3cent, this is your junior 10cents

I can't really confirm if 1.2770 is a key level, might be wrong on that number. If it isn't valid then the numbers below make more sense. Anyway i don't plan to add any more shorts just in case it does get to 1.2770.
  • #453,257
  • Jun 23, 2017 5:51am Jun 23, 2017 5:51am
Quoting alayinizAMK
{quote} 1.3

Seems too far away....... i'm leaning towards the numbers below 1.26.
  • #453,258
  • Jun 23, 2017 6:03am Jun 23, 2017 6:03am
Good to see so many thoughts being posted tonight. It is often a bit quiet in here.

I am seeing the next major resistance to over come is at around 1.27519 from back on the 20th of June (my charts are in Sydney time so may be slightly different date for others.

I have a couple of longs open one from 1.26857 and one from 1.27299, so I would like to see it get to the old resistance, but will keep a close eye and close out if necessary before it gets there.
  • #453,259
  • Jun 23, 2017 6:42am Jun 23, 2017 6:42am
127 250 short see how it plays esp on a Friday
  • #453,260
  • Jun 23, 2017 6:50am Jun 23, 2017 6:50am
Hi,

I'm posting here again what was my GBP/USD forecast at the beginning of the week:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD46.JPEG Size: 121 KB


This is how it looks now:

Attached Image (click to enlarge)
Click to Enlarge Name: forex61.JPG Size: 123 KB



Regards,
1GoodTrade
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