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Cable Update (GBPUSD)

  • #463,001
  • Jul 27, 2018 1:35am Jul 27, 2018 1:35am
Quoting aa4fx
I bought again 3109 Without looking much, I'll go in the buy side and I could see 09 -> 46 -> (77) -> 55 / news time -> 99 or 11 ... will see
I am staying in this numbers, .... Unless I close the current buy, my next buy might be below 3067 or 3041 where I have two old sell.
  • #463,002
  • Jul 27, 2018 1:42am Jul 27, 2018 1:42am
Quoting elbert3
{quote} As above 2945 could still be the target before any long term longs hedge into any longs if if it gets 3050
As above the trades went n the right direction might see lower EU and gu could follow ! As for now watch to see if the day chart will confirm by way of a db or watch the low break for 2900 area .. good luck guys .. and watch that stress lol
  • #463,003
  • Jul 27, 2018 2:12am Jul 27, 2018 2:12am
Pretty slow huh! Been stuck at this 3101 average for 12 hours or so now.
  • #463,004
  • Jul 27, 2018 2:24am Jul 27, 2018 2:24am
Ascending channel on M30, hence long from 1.3104, target 1.3190, SL 1.3090.
  • #463,005
  • Jul 27, 2018 2:30am Jul 27, 2018 2:30am
And there we go :-)
  • #463,006
  • Jul 27, 2018 3:18am Jul 27, 2018 3:18am
SHORTING GBP/USD

As of this moment, the pair is facing resistance at 1.31132 level. Today, the outlook for the pair is negative, meaning it will fall. I a sure that it will move down to 1.30854 level. A break below this level will induce more selling which will take it to 1.30365 level. Also, i'm counting on trump that GDP data will be favorable for USD.

Also, indicators like MACD and CCI are favoring bearish move
on the upside, resistance levels are at 1.31132, 1.31366 and 1.31589
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.PNG Size: 113 KB
  • #463,007
  • Jul 27, 2018 3:20am Jul 27, 2018 3:20am
Something is wrong with the bulls, ... it could make sense to go around 1.3050 (not 3155) and from there to spike up.

(A good reason would be to give me the chance to close the existing sells .)
  • #463,008
  • Jul 27, 2018 3:27am Jul 27, 2018 3:27am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD.TRADE.jpg Size: 63 KB
to err is human
  • #463,009
  • Jul 27, 2018 3:30am Jul 27, 2018 3:30am
shorts..
3115,3105.3100
just for a cup of coffee...
  • #463,010
  • Jul 27, 2018 3:34am Jul 27, 2018 3:34am
I bought 3098 ...
  • #463,011
  • Edited 4:24am Jul 27, 2018 4:00am | Edited 4:24am
Quoting akim0895
shorts.. 3115,3105.3100
close 3100 & 3105 for small profit
lets 3115 run sL 3113
long 3095(close -+0)
just for a cup of coffee...
  • #463,012
  • Jul 27, 2018 4:10am Jul 27, 2018 4:10am
Quoting elbert3
{quote} As above the trades went n the right direction might see lower EU and gu could follow ! As for now watch to see if the day chart will confirm by way of a db or watch the low break for 2900 area .. good luck guys .. and watch that stress lol
hey long time. how u doing
Intraday only.
  • #463,013
  • Jul 27, 2018 4:11am Jul 27, 2018 4:11am
GBPUSD is trading below the key resistance level 1.31156, after breakdown of rising wedge pattern in a technical 4-hour chart. I expect the bearish momentum to continue for next trading hours, pair would get first support at 1.30828 and if it sustains below this level, then it will take second support at 1.30692. Further mounting pressure will force the pair to fall till level of 1.30136 after sustenance below third support at 1.30544.

If it breaches the resistance level, then it could face hurdle at second resistance level 1.31328 and may witness a climb till level of 1.31631 after breaching third resistance at 1.31489
Attached Image (click to enlarge)
Click to Enlarge Name: 27 July GBPUSD.PNG Size: 81 KB
  • #463,014
  • Jul 27, 2018 4:37am Jul 27, 2018 4:37am
Quoting akim0895
{quote} close 3100 & 3105 for small profit lets 3115 run sL 3113 long 3095(close -+0)
close short
waiting want to open long later
just for a cup of coffee...
  • #463,015
  • Jul 27, 2018 4:40am Jul 27, 2018 4:40am
The trader I was watching on the leader board has gone from being number 1 to completely dropping off below 99TH.

That says it all about hanging on to losing trades for too long and worst still adding to those losing positions.

The trader kept selling as price continued to climb losing most of the capital, then started to buy as the price was coming down getting cleaned out.

If you feel you must add to losing trades something is wrong with your system and the train will get you eventually.
  • #463,016
  • Jul 27, 2018 4:49am Jul 27, 2018 4:49am
Quoting aa4fx
I bought 3098 ...
I finally bought 3087 ... now I'm locked, 2sell/2buy, I should be right in one direction
I tend to give more credit to the buy side.
  • #463,017
  • Jul 27, 2018 4:53am Jul 27, 2018 4:53am
hold my shorts at least to S2

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #463,018
  • Jul 27, 2018 5:07am Jul 27, 2018 5:07am
Faring around 1.31 for the week with nothing exciting.
  • #463,019
  • Jul 27, 2018 5:19am Jul 27, 2018 5:19am
Quoting navk
{quote} hey long time. how u doing
ok nav thanks I had a small hiccup lol see you pm . Regards B
  • #463,020
  • Jul 27, 2018 5:37am Jul 27, 2018 5:37am
Looking around 3070 area for a bounce if so it could see 3120 if that goes it would take out the mas I use so we could look to 3200 break then 3500 for a loner hold . But that looks a bit of a hard call right now .. 3070 break could see 3030 possible bounce area again there . The fail look to db on the 1 hour chart break that 2825 area
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