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Cable Update (GBPUSD)

  • #456,961
  • Dec 12, 2017 8:18am Dec 12, 2017 8:18am
for now H4 clearly says that upside is locked, lower print required.
  • #456,962
  • Dec 12, 2017 8:38am Dec 12, 2017 8:38am
Quoting MoneyFocus
{quote} GBP always give very rough rides, I've learnt to hold on tight, sometimes for dear life, but hey, they said it's not the end that matters, it's the journey, or something like that right? I don't know, look at my status, should shed some clue.
Hehe - I see!

Yes true. Mostly trade against - so getting used to the rough rides. Trade well, sir!
We Can
  • #456,963
  • Dec 12, 2017 8:42am Dec 12, 2017 8:42am
Quoting asgcorp
for now H4 clearly says that upside is locked, lower print required.
Good day, Asgcorp

Reading your posts with interest. Clearly knowledgeable. A good understanding of price action.
We Can
  • #456,964
  • Dec 12, 2017 9:07am Dec 12, 2017 9:07am
Quoting Marco-Kanto
{quote}Patience is a key attribute to trading.
+++

I'd rather miss a trade than enter in a wrong spot.
  • #456,965
  • Dec 12, 2017 9:10am Dec 12, 2017 9:10am
Quoting KingOSwing
{quote} Good day, Asgcorp Reading your posts with interest. Clearly knowledgeable. A good understanding of price action.
thank you. I'm watching the crosses cause I have a bunch of pending orders in all GU crosses. More weakness before reversal very likely.
  • #456,966
  • Edited 10:11am Dec 12, 2017 9:52am | Edited 10:11am
Good day,

15 min setting up long. 30 min still not ideal. 1hr not ideal. 4hr setting up long. We do however have some dollar weakness across 30 min and 1hr - so do not think we will drastically drop from here. Then start ticking up. But this is only my opinion. I am starting long position building again. But slowly...

How can I put this... almost ranging with a bearish bias overall?
We Can
  • #456,967
  • Dec 12, 2017 10:03am Dec 12, 2017 10:03am
lol. make up your mind already, dummy!
Attached Image
  • #456,968
  • Dec 12, 2017 12:46pm Dec 12, 2017 12:46pm
Quoting asgcorp
{quote} how's your good buddy Don doing? Last time I checked he took off with someone's money. Everything's good?
Lol
  • #456,969
  • Dec 12, 2017 1:21pm Dec 12, 2017 1:21pm
My current condition after waiting for EUR and GBP to get stronger against USD.

https://i.imgur.com/DNsXXq9.jpg
  • #456,970
  • Dec 12, 2017 1:28pm Dec 12, 2017 1:28pm
Quoting asgcorp
lol. make up your mind already, dummy! {image}
I am be the second dummy !

I had to ignore you and other mates, becouse my phone was ringing all day for notifications !

I read you in any case ! ! ! !

Have a nice evening mate
S.
  • #456,971
  • Dec 12, 2017 1:33pm Dec 12, 2017 1:33pm
Quoting honesttrader
My current condition after waiting for EUR and GBP to get stronger against USD. {image}
I'm with you buddy, on cable, not EU.
Attached Image
  • #456,972
  • Dec 12, 2017 1:55pm Dec 12, 2017 1:55pm
Expecting very strong GU rest of the week after we hit close to 3260-80 early this Wednesday. A massive push for 3550-3600 incoming. Remember, good things take time fellas!
  • #456,973
  • Dec 12, 2017 2:10pm Dec 12, 2017 2:10pm
Quoting asgcorp
Expecting very strong GU rest of the week after we hit close to 3260-80 early this Wednesday. A massive push for 3550-3600 incoming. Remember, good things take time fellas!
you will enter now for long or you will wait to 3260-80??
  • #456,974
  • Dec 12, 2017 2:26pm Dec 12, 2017 2:26pm
Quoting Rowad
{quote} you will enter now for long or you will wait to 3260-80??
I've put in pending buy orders.

calc your lot size and split it say into 4-8 equal parts and put a batch of pending buy orders in range of 3250-3270. so you have some @ 3250 / 3255 / 3260 etc etc.

big reversal is coming.
  • #456,975
  • Dec 12, 2017 2:27pm Dec 12, 2017 2:27pm
Data tmrw (US Dollar) is 90% priced in, I expect somewhat of a pop in the dollar and a big reversal. GU should benefit big time.
  • #456,976
  • Dec 12, 2017 2:31pm Dec 12, 2017 2:31pm
I figure bulls have to print a new high above recent highs (3550) to keep GBPUSD in bull mode. So probably a new high close to 3600 is a new target for the bulls.
  • #456,977
  • Dec 12, 2017 2:36pm Dec 12, 2017 2:36pm
Quoting asgcorp
I figure bulls have to print a new high above recent highs (3550) to keep GBPUSD in bull mode. So probably a new high close to 3600 is a new target for the bulls.
what about EURUSD?
  • #456,978
  • Dec 12, 2017 2:38pm Dec 12, 2017 2:38pm
Quoting honesttrader
{quote} what about EURUSD?
EURUSD is following the pattern I've posted a while ago. Target not hit yet. Still in bear mode until 1660-80.
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  • #456,979
  • Dec 12, 2017 2:40pm Dec 12, 2017 2:40pm
Quoting honesttrader
{quote} what about EURUSD?
Don't waste your time on EURUSD. GBPUSD is much better / clean technical setup. It's been in uptrend / under accumulation. Recent pullback from the highs will attract more buyers.
  • #456,980
  • Dec 12, 2017 2:43pm Dec 12, 2017 2:43pm
GU daily. Bulls will defend this area tmrw, 0% probability that we close on Wednesday below 3260.
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