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Cable Update (GBPUSD)

  • #456,041
  • Oct 25, 2017 9:11am Oct 25, 2017 9:11am
Quoting Snowden
Tempted long 230 for 250 if it makes it back
Just taken that trade now...
  • #456,042
  • Oct 25, 2017 10:30am Oct 25, 2017 10:30am
see what happens with swing GBP is bullish in an upward channel

Quoting giveachance
{quote} yes but shorts are rewarded for the past 24 months in cable as against longs and one data does not make cable go to 1.40
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  • #456,043
  • Oct 25, 2017 10:30am Oct 25, 2017 10:30am
my point is you can not sell on today no way
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  • #456,044
  • Oct 25, 2017 10:32am Oct 25, 2017 10:32am
whatever price you get now if I wanted to short id get tomorrow or later
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  • #456,045
  • Oct 25, 2017 10:34am Oct 25, 2017 10:34am
its 122 pips up right now on my day

Quoting giveachance
{quote} yes but shorts are rewarded for the past 24 months in cable as against longs and one data does not make cable go to 1.40
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2017-10-25_16-34-54.png Size: 41 KB
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  • #456,046
  • Oct 25, 2017 10:35am Oct 25, 2017 10:35am
eu is better
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  • #456,047
  • Oct 25, 2017 10:35am Oct 25, 2017 10:35am
Quoting Bones
its 122 pips up right now on my day {quote}
agreed but today was something out of the woods. tomorrow is a different day. 122 pips up does not change the trend
  • #456,048
  • Oct 25, 2017 10:45am Oct 25, 2017 10:45am
what tf
its in an uptrend ,eu down going forward

Quoting giveachance
{quote} agreed but today was something out of the woods. tomorrow is a different day. 122 pips up does not change the trend
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  • #456,049
  • Oct 25, 2017 10:50am Oct 25, 2017 10:50am
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  • #456,050
  • Oct 25, 2017 10:54am Oct 25, 2017 10:54am
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  • #456,051
  • Oct 25, 2017 10:57am Oct 25, 2017 10:57am
Good observation. Only scalpers will bother about such a spike in a sideways market condition more so when the bigger picture is in the opposite direction.

Trade safe and prosper.

KP

Quoting giveachance
{quote} agreed but today was something out of the woods. tomorrow is a different day. 122 pips up does not change the trend
Do your homework, follow the footprints of smart money
  • #456,052
  • Oct 25, 2017 11:01am Oct 25, 2017 11:01am
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Quoting KeenPips
Good observation. Only scalpers will bother about such a spike in a sideways market condition more so when the bigger picture is in the opposite direction. Trade safe and prosper. KP {quote}
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  • #456,053
  • Oct 25, 2017 11:03am Oct 25, 2017 11:03am
downtrend or range at best above the last high is a no way situ without lower
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  • #456,054
  • Oct 25, 2017 11:11am Oct 25, 2017 11:11am
the trend holds that your interested in
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Click to Enlarge Name: cable Screenshot 2017-10-25_17-10-19.png Size: 103 KB
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  • #456,055
  • Oct 25, 2017 12:35pm Oct 25, 2017 12:35pm
https://dailypriceaction.com/daily-s...ef30f2528c8a92
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Click to Enlarge Name: daily price Screenshot 2017-10-25_18-34-19.png Size: 100 KB
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  • #456,056
  • Oct 25, 2017 4:34pm Oct 25, 2017 4:34pm
Short GBP/USD tp hit
instagram: stepbystepforex
  • #456,057
  • Oct 25, 2017 5:24pm Oct 25, 2017 5:24pm
so the conclusion
I can tell you with high prob where it's not going, and that's below the box h4
very likely to go higher the number
13307 odd could be an issue this week
+130 pips as I type

Quoting Bones
122 pips up it's against forex law over 100 is very risky behaviour on the day=cable {quote}
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  • #456,058
  • Oct 26, 2017 1:02am Oct 26, 2017 1:02am
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  • #456,059
  • Oct 26, 2017 2:27am Oct 26, 2017 2:27am
gonna consider 3170 for some longs...and 3348 for shorts...
Look Sharp/Trade Tight
  • #456,060
  • Oct 26, 2017 2:37am Oct 26, 2017 2:37am
GBP/JPY is looking like a good short once eur/jpy breaks 134.28 area
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Olu