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Cable Update (GBPUSD)

  • #456,841
  • Dec 8, 2017 6:27am Dec 8, 2017 6:27am
Quoting Rowad
{quote} thx my friend hope it will go there
it will get there. Unfortunately have to use a wide stop due to high volatility (NFP).
  • #456,842
  • Dec 8, 2017 6:57am Dec 8, 2017 6:57am
Quoting asgcorp
{quote} it will get there. Unfortunately have to use a wide stop due to high volatility (NFP).
hi asgcorp, i realise that what you point out at times are really crucial, just wanna know what makes u think GBPCHF will drop? thanks man, appreciate the help
fortis fortuna adiuvat
  • #456,843
  • Dec 8, 2017 7:08am Dec 8, 2017 7:08am
Quoting Macpher
{quote} hi asgcorp, i realise that what you point out at times are really crucial, just wanna know what makes u think GBPCHF will drop? thanks man, appreciate the help
USDCHF hitting overhead supply - had a strong run this week into NFP - upside likely limited. GBPUSD - see above - bearish pattern setup. Combined - ideal GBPCHF short trade setup. GU pre-empted Brexit news with the latest move, but no deal data was released ahead of NFP = likely weak into close Friday.
  • #456,844
  • Dec 8, 2017 7:55am Dec 8, 2017 7:55am
Quoting asgcorp
{quote} see attached {image}
exit +61.
  • #456,845
  • Dec 8, 2017 8:06am Dec 8, 2017 8:06am
The price moved down to the point of 1.33882. And I think, if it passes through it, it will go down to the point of 1.33268. However, there is a belief that the price will go up to the point of 1.35423.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4.png Size: 30 KB
  • #456,846
  • Dec 8, 2017 8:23am Dec 8, 2017 8:23am
Attempting a long scalp on GU 1hr
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 51 KB
We Can
  • #456,847
  • Dec 8, 2017 8:23am Dec 8, 2017 8:23am
Good move on the cable lately.
  • #456,848
  • Dec 8, 2017 9:09am Dec 8, 2017 9:09am
Quoting Rowad
{quote} thx my friend hope it will go there
this is great
  • #456,849
  • Dec 8, 2017 9:12am Dec 8, 2017 9:12am
Quoting james4real
{quote} this is great
not as good as it was supposed to be. USDCHF @ support, GBPCHF stuck for now (unfortunately).
  • #456,850
  • Dec 8, 2017 9:17am Dec 8, 2017 9:17am
Quoting asgcorp
key level for bulls to defend - 3450-55. If bulls defend this (most likely) it's good for another push higher today.
As noted previously today, 3450-55 was the key level. Bulls defended it once but bears took over upon second re-test. That's why we sold off.
  • #456,851
  • Edited 10:08am Dec 8, 2017 9:37am | Edited 10:08am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - 39.PNG Size: 103 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - 40.PNG Size: 105 KB
Time : London (Winter)
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #456,852
  • Dec 8, 2017 9:42am Dec 8, 2017 9:42am
Quoting asgcorp
{quote} As noted previously today, 3450-55 was the key level. Bulls defended it once but bears took over upon second re-test. That's why we sold off.
re-shorted GBP CHF here. Stops @ 3350. target 3200.
  • #456,853
  • Dec 8, 2017 10:35am Dec 8, 2017 10:35am
Quoting asgcorp
{quote} re-shorted GBP CHF here. Stops @ 3350. target 3200.
just lost 1000 USD today
  • #456,854
  • Dec 8, 2017 11:31am Dec 8, 2017 11:31am
Quoting asgcorp
{quote} re-shorted GBP CHF here. Stops @ 3350. target 3200.
Do u think it still going down??
  • #456,855
  • Dec 8, 2017 11:32am Dec 8, 2017 11:32am
Quoting asgcorp
{quote} re-shorted GBP CHF here. Stops @ 3350. target 3200.
exit flat.
  • #456,856
  • Dec 8, 2017 11:32am Dec 8, 2017 11:32am
Quoting honesttrader
{quote} just lost 1000 USD today
First trade was +62 points second trade was -10. total of 50.
  • #456,857
  • Dec 8, 2017 11:35am Dec 8, 2017 11:35am
Quoting honesttrader
{quote} just lost 1000 USD today
don't go over leveraged into GBPUSD / GBPCHF trades. High volatility. That's why I use wide stops. Don't risk more than 1-2% on those trades.
  • #456,858
  • Dec 8, 2017 11:36am Dec 8, 2017 11:36am
Quoting honesttrader
{quote} just lost 1000 USD today
keep track of posts in my thread. I will be posting entries in EURUSD // USDCHF soon (today/Monday).
  • #456,859
  • Dec 8, 2017 11:54am Dec 8, 2017 11:54am
Quoting asgcorp
{quote} keep track of posts in my thread. I will be posting entries in EURUSD // USDCHF soon (today/Monday).
ok i will. i have subscribed to you but since i am a junior member, i cannot communicate or post quickly. my posts are delayed since the are manually moderated.
  • #456,860
  • Dec 8, 2017 11:56am Dec 8, 2017 11:56am
original trade was good for 60+ points.
Attached Image
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