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Cable Update (GBPUSD)

  • #456,981
  • Dec 12, 2017 3:17pm Dec 12, 2017 3:17pm
Quoting honesttrader
Whats happening with GBPUSD... its downhill... is there any news that can push it up to 1.34?
Of course it is down. Why up??
First horrible Brexit.
Second the 1.35 resistance.
Stock, dollar up...
UK no hike for next 5 years...
No deal....
Leaked news with OBVIOUS sell bias BEFORE....

Why long it??? Because a pathetic "news" says 3.14159??
Fat bankers knew this yesterday!!!!

There's no place for honest traders in pound, Aussie...
Sorry for the pun NOT

See last night:
Quoting Not-KPMG
{quote} Long??? Oh boy.
The "news" for 9:30 has been leaked and are bad. It's as obvious as it gets. Sold already and adding after the usual stop hunt (about London open).
Target 1.3260 then 3040 Trade safe!!!
News!!! Hahaha
Maybe not bad, but Robber price action is textbook stealing ....

Quoting Not-KPMG
{quote} The V (down spike) is not correction. It's the trend setter.
The NEWS was leaked long ago, yesterday etc, so TP happened and now attracting buyers....
You know what follows!!!!
Boom down
I understand pound ,but don't trade it. Avoid crooks.

Yet it pains me, I'll spend time explaining obvious facts and RB manipulation ....
...and not one like or thank you.

So I'll stop bothering with pound and it's traders . Why waste time.
I have few great friends to trade with, and make $$$.

Bye.
Beware of robber banks (RB), bad advisors.
  • #456,982
  • Dec 12, 2017 4:13pm Dec 12, 2017 4:13pm
Quoting asgcorp
One thing is for certain - don't even try to short it next week. Good luck fellas. PS: I will publish a trade setup on GBP CHF in my thread on Sunday.
Either make your mind up or shut up. You are just clogging the emails with utter rubbish.
  • #456,983
  • Dec 12, 2017 4:18pm Dec 12, 2017 4:18pm
Last night at the start of the New York open I posted Volatility Response Model (VRM) predictions for weekly and daily support levels for GBPUSD in post #456903. Here are the 30 minute mid-value charts of the results. All times are GMT-4. Top chart shows the weekly predicted levels. Bottom chart shows the daily predicted levels. The channel you see is formed with two EMA of 4 and 7.

The GBPUSD started bearish below the key VRM level 1.3362 which is the centre of the VRM long term trend channel. The market tried twice to break through this level and failed. Until the market breaks through this level, the market is bearish on the long term. On the daily chart there are key bounces off daily VRM levels.

Descriptions of the VRM and the format presented each evening here on forexfactory can be found in the two attached files.

Predictions for 13 December to follow shortly in next post.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-12-GBPUSD.png Size: 142 KB
Attached File(s)
File Type: pdf charts-01.pdf   187 KB | 276 downloads
File Type: pdf vrm-05.pdf   427 KB | 272 downloads
  • #456,984
  • Dec 12, 2017 4:21pm Dec 12, 2017 4:21pm
Some pple listen to you but don't post too offen, I'm one of them. Shorted just after the news even when it was positive...GBP do not obey the laws of trading (if there is any) that I know. Thanks

Quoting Not-KPMG
{quote} Of course it is down. Why up?? First horrible Brexit. Second the 1.35 resistance. Stock, dollar up... UK no hike for next 5 years... No deal.... Leaked news with OBVIOUS sell bias BEFORE.... Why long it??? Because a pathetic "news" says 3.14159?? Fat bankers knew this yesterday!!!! There's no place for honest traders in pound, Aussie... Sorry for the pun NOT See last night: {quote} Maybe not bad, but Robber price action is textbook stealing .... {quote} I understand...
It's not how much U make, but how much U keep
  • #456,985
  • Dec 12, 2017 4:25pm Dec 12, 2017 4:25pm
Quoting asgcorp
{quote} 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.
dont you think its better to enter into gbpchf or gbpaud tomorrow since there are many red news for usd?
  • #456,986
  • Dec 12, 2017 5:26pm Dec 12, 2017 5:26pm
Here are the VRM predicted levels for GBPUSD starting after the New York close tonight and finishing tomorrow 5 pm New York time. I will upload charts at the New York close to show what happened.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.PNG Size: 60 KB
  • #456,987
  • Dec 12, 2017 6:05pm Dec 12, 2017 6:05pm
EG prob has close to 100 pips north to go,

then looking to long GU & short EG for mega pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 28 KB
Come with me if you want to live....
  • #456,988
  • Dec 12, 2017 7:23pm Dec 12, 2017 7:23pm
Good day,

Closed longs taken for a very small profit. 1hr chart may see us going lower for a few pips. I am scalping short as from 1.3320 first for a few pips - may then go long again a little later.
We Can
  • #456,989
  • Dec 12, 2017 9:26pm Dec 12, 2017 9:26pm
Quoting KingOSwing
Good day, Closed longs taken for a very small profit. 1hr chart may see us going lower for a few pips. I am scalping short as from 1.3320 first for a few pips - may then go long again a little later.
Good day,

Closed short for a small loss. Will look to go long again.
We Can
  • #456,990
  • Dec 12, 2017 9:33pm Dec 12, 2017 9:33pm
Quoting asgcorp
{quote} 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.
Glad to see you on the bulls side again.

Cheers.
  • #456,991
  • Dec 12, 2017 9:43pm Dec 12, 2017 9:43pm
Quoting MoneyFocus
{quote} Glad to see you on the bulls side again. Cheers.
hope its will go lower to trigger long
green pips 2 all
just for a cup of coffee...
  • #456,992
  • Dec 12, 2017 9:45pm Dec 12, 2017 9:45pm
currently waiting on 1.32 to go long. I have a short on 1.33 so hopefully 1.32 is reached
  • #456,993
  • Dec 12, 2017 11:16pm Dec 12, 2017 11:16pm
this move lower feels weird, looks weird too...and only one decent bear bar under 1.3330 thus far...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 48 KB
Look Sharp/Trade Tight
  • #456,994
  • Dec 12, 2017 11:17pm Dec 12, 2017 11:17pm
Here is my breakout strategy analysis. Strong 800+ pip move coming from consolidation pennant breakout at triangle base support line, upper target 1.40 ish then consolidation between 1.36 and 1.40 for a while till next trade setup
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 84 KB
  • #456,995
  • Dec 12, 2017 11:51pm Dec 12, 2017 11:51pm
Inserted Video
  • #456,996
  • Dec 12, 2017 11:59pm Dec 12, 2017 11:59pm
No more enough volume in gbpusd cause most of the traders moved to BTC trading I was watching it last six months I noticed something different in gbpusd chart
  • #456,997
  • Dec 13, 2017 2:33am Dec 13, 2017 2:33am
This amazing great big move that everyone is talking about. DO you really think market makers are just going let everyone jump on board the train - you really think thats the case - they gonna make it so fcking easy for you and every retail trader, well seeing as its so well known even in the press the planned move IF ANY will not be what you expect as nothing in this game is easy and the talk about this move is becoming too easy .. 800 pip move coming, big reversal on its way yardi yardi yardi .. check the move on the last uk BOE rate increase no so long ago even my local newspaper with a circulation of 100 had the news right go and check the move and that was the first rise since what 2008 in the uk? USA might raise it quarter percent and really thats no big fcking deal?
  • #456,998
  • Dec 13, 2017 2:49am Dec 13, 2017 2:49am
Quoting dean1star
This amazing great big move that everyone is talking about. DO you really think market makers are just going let everyone jump on board the train - you really think thats the case - they gonna make it so fcking easy for you and every retail trader, well seeing as its so well known even in the press the planned move IF ANY will not be what you expect as nothing in this game is easy and the talk about this move is becoming too easy .. 800 pip move coming, big reversal on its way yardi yardi yardi .. check the move on the last uk BOE rate increase...
i have the same feeling now after waiting for the big move for two days now... but i seriously wish it happens
  • #456,999
  • Edited 3:36am Dec 13, 2017 3:11am | Edited 3:36am
At tis point of the game, technical analysis does not matter much.

Short @06:36..... 1,33300 No SL ! TP .... will decide at the moment !

Just before, be prepared for a big StopLoss hunting as usual.

Good luck all
S.

P.S. I am only 50% sure. Please, I do not suggest anyone to trade without SL . If I due it, does not mean that it is the correct way.
Trade safe !
  • #457,000
  • Dec 13, 2017 3:42am Dec 13, 2017 3:42am
Quoting simpit
At tis point of the game, technical analysis does not matter much. Short @06:36..... 1,33300 No SL ! TP .... will decide at the moment ! Just before, be prepared for a big StopLoss hunting as usual. Good luck all S. P.S. I am only 50% sure. Please, I do not suggest anyone to trade without SL . If I due it, does not mean that it is the correct way. Trade safe !

i'm short at 3347. no SL. entered abt an hour ago i guess.
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