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Cable Update (GBPUSD)

  • #456,501
  • Nov 22, 2017 8:14am Nov 22, 2017 8:14am
Quoting fxmasterdxb
GU is on the verge of breaking the resistance today and flying all the way to 1.3290 initially and 1.3340 ultimately. I expect the first target to be touched today and second either today or tomorrow.
first target reached
  • #456,502
  • Edited 9:15am Nov 22, 2017 8:58am | Edited 9:15am
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Time : London (Winter)
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #456,503
  • Nov 22, 2017 9:19am Nov 22, 2017 9:19am
Quoting elbert3
{image} day chart possible higher tl to 3310 area so 2 possibility trades
Hedged into short at 3290
  • #456,504
  • Nov 22, 2017 11:11am Nov 22, 2017 11:11am
Bingo 3310 let's see here try to get pp close on the 5 min
  • #456,505
  • Nov 22, 2017 11:47am Nov 22, 2017 11:47am
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Time : London (Winter)
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #456,506
  • Nov 22, 2017 11:47am Nov 22, 2017 11:47am
Short at 3322 should see a bounce here, GL
  • #456,507
  • Nov 22, 2017 1:38pm Nov 22, 2017 1:38pm
Hi,

Cable has broken through the upper boundary of the Monthly IB of 1.32912 and the price seems to be closed upper this level.
If the price does not come back to the Monthly IB area of 30692-32912 tomorrow and is supported at the area of 32793-32912, cable will go higher then.
The latest area is of strong support.

Best
D.P.
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Hunting High and Low
  • #456,508
  • Nov 22, 2017 1:50pm Nov 22, 2017 1:50pm
No sign of any type of correction yet
  • #456,509
  • Nov 22, 2017 2:01pm Nov 22, 2017 2:01pm
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mmmmm
  • #456,510
  • Nov 22, 2017 2:16pm Nov 22, 2017 2:16pm
Just wonder if the pound value will be lowered to improve exports ???
  • #456,511
  • Nov 22, 2017 8:06pm Nov 22, 2017 8:06pm
Quoting fxmasterdxb
GU is on the verge of breaking the resistance today and flying all the way to 1.3290 initially and 1.3340 ultimately. I expect the first target to be touched today and second either today or tomorrow.
my target 2 was almost reached (missed by 3.5 pips) decided to close manually at 1.3330. I will not long anytime soon as i need to say some decent retrace with a clear support forming around a level (two or three times rejection in 15 mins scale) before entering the market again
  • #456,512
  • Nov 22, 2017 10:13pm Nov 22, 2017 10:13pm
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  • #456,513
  • Nov 23, 2017 6:40am Nov 23, 2017 6:40am
Took its time but just trying 5 lots entry was 3310stop 3316
  • #456,514
  • Nov 23, 2017 8:03am Nov 23, 2017 8:03am
update . all is well.
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  • #456,515
  • Nov 23, 2017 9:54am Nov 23, 2017 9:54am
GBP/USD is climbing steady this week. I think the trend have more power in itself.
  • #456,516
  • Nov 23, 2017 11:45am Nov 23, 2017 11:45am
Quoting elbert3
Took its time but just trying 5 lots entry was 3310stop 3316
Moving the stop to 3313 and added same stop
  • #456,517
  • Nov 23, 2017 11:47am Nov 23, 2017 11:47am
Quoting arigoldman
GBP/USD is climbing steady this week. I think the trend have more power in itself.
Really....
in this THIN THIN market.
waoo.
i am on sell Pound will never buy until Brexit negotiations is under control, and remember Divorce is Divorce not matter what.
it can never be same,
and please check my old post about the Brexit . i hope it will help.
Good luck with your trades,
but me i am selling heavy very to be honest
1.3320
and will be looking for at least 1.3200
its was just $ weakness which drove Pound higher but in reality UK is still faced with many Tuff decisions in the Brexit bill..
so big boys are not buying Pound they are waiting for the bill to be clear then we will see where it goes ..
Don't compare your Trades with Others
  • #456,518
  • Nov 23, 2017 12:10pm Nov 23, 2017 12:10pm
Quoting DubaiFX
{quote} Really.... in this THIN THIN market. waoo. i am on sell Pound will never buy until Brexit negotiations is under control, and remember Divorce is Divorce not matter what. it can never be same, and please check my old post about the Brexit . i hope it will help. Good luck with your trades, but me i am selling heavy very to be honest 1.3320 and will be looking for at least 1.3200 its was just $ weakness which drove Pound higher but in reality UK is still faced with many Tuff decisions in the Brexit bill.. so big boys are not buying Pound they...
I AGREE WITH YOU AND I ALWAYS try sell from top .look left 4h 4,5 candle now may be eating bulls ..lol
Say something meaningful or Silence!!
  • #456,519
  • Nov 23, 2017 1:58pm Nov 23, 2017 1:58pm
Quoting DubaiFX
{quote} Really.... in this THIN THIN market. waoo. i am on sell Pound will never buy until Brexit negotiations is under control, and remember Divorce is Divorce not matter what. it can never be same, and please check my old post about the Brexit . i hope it will help. Good luck with your trades, but me i am selling heavy very to be honest 1.3320 and will be looking for at least 1.3200 its was just $ weakness which drove Pound higher but in reality UK is still faced with many Tuff decisions in the Brexit bill.. so big...
Don't we just love statements like this, even my wallet is smiling.

Brexit is old news get over it. There has been a ton of movement since and heaps of profit opportunities in either direction, price has remained in a 3 cent range for the past 7 weeks or so. However it has been trading above its average now for 32 weeks steadily climbing. No sign of any change in that as yet.

Doesn't matter what the so called big boys are doing, the charts have the true information. If you think big boys don't trade both ways the same as mere mortals, you are nuts. To put all your eggs in one direction is just one big gamble and has nothing whatsoever to do with trading.

Show us your evidence for only shorting... words count for nothing.
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  • #456,520
  • Nov 23, 2017 9:53pm Nov 23, 2017 9:53pm
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