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Cable Update (GBPUSD)

  • #464,861
  • Sep 14, 2018 12:08am Sep 14, 2018 12:08am
Quoting Trade-G
1.3151 is where its gunning
Most probably going to 3135!!!
  • #464,862
  • Sep 14, 2018 2:01am Sep 14, 2018 2:01am
Same target region 3135-3162
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  • #464,863
  • Sep 14, 2018 2:12am Sep 14, 2018 2:12am
buy gbp 1.3200 is coming today.
  • #464,864
  • Sep 14, 2018 2:19am Sep 14, 2018 2:19am
Hourly have to break 3103 for downside else it should go up
  • #464,865
  • Sep 14, 2018 2:20am Sep 14, 2018 2:20am
Quoting ffmonry
buy gbp 1.3200 is coming today.
Well anything is possible in forex

But at this point price can burst either side and the chances are 50/50, especially with a speach in few hours

So either way I will advice that we wait for the break in either direction, after which we can enter trades in that direction on correction moves

My opinion though

Tell will tell
  • #464,866
  • Sep 14, 2018 2:50am Sep 14, 2018 2:50am
Quoting Obaforex
{quote} Well anything is possible in forex But at this point price can burst either side and the chances are 50/50, especially with a speach in few hours So either way I will advice that we wait for the break in either direction, after which we can enter trades in that direction on correction moves My opinion though Tell will tell
Good advice... please let me know which pullback entry you will be entering... will join you
  • #464,867
  • Sep 14, 2018 3:30am Sep 14, 2018 3:30am
Quoting Obaforex
{quote} Well anything is possible in forex But at this point price can burst either side and the chances are 50/50, especially with a speach in few hours So either way I will advice that we wait for the break in either direction, after which we can enter trades in that direction on correction moves My opinion though Tell will tell
Its not going down and maintaining at present level so we can easily move upside. Green pips are there up
  • #464,868
  • Sep 14, 2018 3:43am Sep 14, 2018 3:43am
Quoting ffmonry
{quote} Its not going down and maintaining at present level so we can easily move upside. Green pips are there up
Quite true, its been trying to complete the bearish setup but, it just don't give up bulls. Hence it will gun 3151 or it might zoom down suddenly.
  • #464,869
  • Sep 14, 2018 4:08am Sep 14, 2018 4:08am
the idea is to read where the major orders are ,
where did the big players step in,
thats where peoples visions come from its just not free to do literally whatever it wants its going to hit resting orders and there based on history

on the chart I see a uptrend in a downtrend and a bearish Quarterly giving heads up to the winner
also the pretty price higher and the not so pretty as what it is fighting now
so to go higher than the high without doubt- something the banks don't think will happen
will happen


Quoting squidster85
{quote} I dont understand how people here can say if it closes above this candle or that candle it will go up. That is not how big banks or professional traders trade? For each trade as the market plays out there is a probability its not a fictitious number its a number based on probability. If the current candle closes above x candle there is a probability of x% that the market will go even higher. If you are just basing it on gut feeling and other patterns it is all guessing. Thats my opinion.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #464,870
  • Sep 14, 2018 4:15am Sep 14, 2018 4:15am
Quoting Countp
{quote} Omo oba, please inform your brethren when entry. e ku ise
Nothing on cable for now (still waiting)

But I bought the correction on EURUSD, still have some pending orders to fill too as price slipped away a little while placing orders

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  • #464,871
  • Sep 14, 2018 4:27am Sep 14, 2018 4:27am
I won't be surprised if Carney's speech in a few minutes is a non-event. For Cable, the fundies today lie with Brexit and President Trump; certainly not the British economy
  • #464,872
  • Sep 14, 2018 5:04am Sep 14, 2018 5:04am
A little pullback from here would not surprise me, but tough to short this really, plus a lot of headline risk....good luck all, have a good weekend...
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Look Sharp/Trade Tight
  • #464,873
  • Sep 14, 2018 5:30am Sep 14, 2018 5:30am
Quoting Obaforex
{quote} Nothing on cable for now (still waiting) But I bought the correction on EURUSD, still have some pending orders to fill too as price slipped away a little while placing orders {image}
Exit this for -6 pips each the upward move seem to have lost steam, so waiting till i get better entry setups
  • #464,874
  • Sep 14, 2018 5:32am Sep 14, 2018 5:32am
Quoting Bones
the idea is to read where the major orders are , where did the big players step in, thats where peoples visions come from its just not free to do literally whatever it wants its going to hit resting orders and there based on history on the chart I see a uptrend in a downtrend and a bearish Quarterly giving heads up to the winner also the pretty price higher and the not so pretty as what it is fighting now so to go higher than the high without doubt- something the banks don't think will happen will happen {quote} {image}
there are only about top 16 liquid provider. As of now 33% of the liquidity is being provided by just ONE LP for cable.
Forex is unregulated market, which means the leader of LP can buy as much as they want without impacting the price, and then increase the price as they are the majority in providing liquidity. When the price is moving, its the followers or second,third LP that are selling based on the bid/ask prices provided by the main LP. So candle business doesnt work anymore in my opinion, as there is too much noise in the markets and algo trading is based on more advanced methods than looking at if the candle closed above this candle and that candle. That is ancient technique and if it did work everyone would be rich.
  • #464,875
  • Sep 14, 2018 5:35am Sep 14, 2018 5:35am
Quoting Dr.Zain
{quote} Most probably going to 3135!!!
It seems the pair closes below 3135 today!!!! BOE Gov's speech did nott move the pair even!!!
  • #464,876
  • Sep 14, 2018 5:49am Sep 14, 2018 5:49am
Quoting Nala66
All looks perfectly normal to me?? {image}
Having hit this target on the 5m chart I look to the 1 hour and see that the next break upwards is to the 3180 level.

I still see no reason to short other than a possible scalp.

To me it is not worth getting into a trade at this late stage.
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  • #464,877
  • Sep 14, 2018 6:56am Sep 14, 2018 6:56am
Quoting aa4fx
{quote} out @ 1.3055 there is an upper number, 1.3134, that I don't to see it if I'm in.
Quoting aa4fx
gbpusd, you could spike better ... the pending sell I have a 3134 not touched, ... maybe one more attempt?
if only I could not deviate much from initial numbers ... but OK, let the pound fall now so that I could exit the remaining trades...
  • #464,878
  • Sep 14, 2018 7:20am Sep 14, 2018 7:20am
Quoting Trade-G
{quote} Good advice... please let me know which pullback entry you will be entering... will join you
Now my sell setup is complete and I sold, though news in few minutes is still a challenge but I will take my chances with that.
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  • #464,879
  • Sep 14, 2018 7:26am Sep 14, 2018 7:26am
Just open buy with 50 pips TP when the spike happen, TP got hit in seconds. Sometimes you get lucky......
That which does not kill us makes us stronger
  • #464,880
  • Sep 14, 2018 7:30am Sep 14, 2018 7:30am
Quoting Obaforex
{quote} Now my sell setup is complete and I sold, though news in few minutes is still a challenge but I will take my chances with that. {image}
Hit my stop, f**king price manipulation
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