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Cable Update (GBPUSD)

  • #473,321
  • Jan 7, 2019 11:43am Jan 7, 2019 11:43am
Almost a no profit day, moreover seeing a different picture, update

https://www.forexfactory.com/showthr...9#post11854879
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,322
  • Jan 7, 2019 11:51am Jan 7, 2019 11:51am
Quoting Not-KPMG
{quote} Reminded me of EurChf debacle just 4 years ago. These thieves 30-50-70% drop depending on what scamming broker you got
Maybe Jordan knew someone who could put in a "tiny" short for him back then ...
Fix up, trade sharp ...
  • #473,323
  • Jan 7, 2019 2:12pm Jan 7, 2019 2:12pm
Mrs Mays plans for brexit will be shot down this week in parliament
Attached Image (click to enlarge)
Click to Enlarge Name: DF02D8A2-7B58-4E6F-9FD0-7A68915E48C1.png Size: 198 KB
  • #473,324
  • Jan 7, 2019 5:32pm Jan 7, 2019 5:32pm
Quoting Neil0163
Mrs Mays plans for brexit will be shot down this week in parliament {image}
Got a feeling so...
Come with me if you want to live....
  • #473,325
  • Edited 10:46pm Jan 7, 2019 10:20pm | Edited 10:46pm
Quoting fontu
Almost a no profit day, moreover seeing a different picture, update https://www.forexfactory.com/showthr...9#post11854879
not that bad perhaps , usdx can tank in one direct wave or two so accommodate in both but most conservative approaches.
update
https://www.forexfactory.com/showthr...1#post11856041
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,326
  • Jan 7, 2019 10:27pm Jan 7, 2019 10:27pm
Hello

Trade plan is to build short from here - 4hr chart. More upside possible first - but should then come back to allow for profit to be taken. Starting with 0.1lot - second entry will be 0.2 lots, then 0.4 if needed. Please do not let this influence you. Trade your own.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 53 KB
Fly in formation
  • #473,327
  • Jan 7, 2019 10:54pm Jan 7, 2019 10:54pm
Quoting Hickson
{quote} There is no impossible in the markets, that is impossible ...
Amen.

With Mary Poppins running the brexit campaign.... it is really simple: look up in the sky, you will see her on her broom blocking out the Sun. At this time you know you can safely short the GU; if she is not blocking the sun at the point in time then you know you can safely short the GU.
  • #473,328
  • Jan 7, 2019 10:57pm Jan 7, 2019 10:57pm
Quoting TheJoker
{quote} Amen. With Mary Poppins running the brexit campaign.... it is really simple: look up in the sky, you will see her on her broom blocking out the Sun. At this time you know you can safely short the GU; if she is not blocking the sun at the point in time then you know you can safely short the GU.
Focus.
  • #473,329
  • Jan 7, 2019 11:10pm Jan 7, 2019 11:10pm
Quoting TheJoker
{quote} Amen. With Mary Poppins running the brexit campaign.... it is really simple: look up in the sky, you will see her on her broom blocking out the Sun. At this time you know you can safely short the GU; if she is not blocking the sun at the point in time then you know you can safely short the GU.
lol ... Well, I might just wait for the move when I can embark relatively safe on the next station .. I'll skip the engine and safety tests with living people on the train ... could get messy and nobody can predict what will happen ...
Fix up, trade sharp ...
  • #473,330
  • Jan 7, 2019 11:16pm Jan 7, 2019 11:16pm
wtf just happend lol
  • #473,331
  • Jan 7, 2019 11:20pm Jan 7, 2019 11:20pm
Quoting TheJoker
wtf just happend lol
Yeah huh. Banks are robbing us again
  • #473,332
  • Jan 7, 2019 11:22pm Jan 7, 2019 11:22pm
Put on a buy trade @ 1.2767 just b4 this little spike up with take profit at 26.91 and almost immediately it spiked for a quick fire 24 pips......ahhhhhhh if only all trades were like that....

Fact... I don't recall last time it happened so quickly and easily...
Don't Leave Money on the Table
  • #473,333
  • Jan 7, 2019 11:22pm Jan 7, 2019 11:22pm
Quoting TheJoker
wtf just happend lol
Down boy
Janus Return Today: 5.5%
  • #473,334
  • Jan 7, 2019 11:24pm Jan 7, 2019 11:24pm
Quoting TheJoker
wtf just happend lol
No more Mary Poppins jokes from now; it seems to have pissed her off.
Time to come back down Mary, I'm sorry.
  • #473,335
  • Jan 7, 2019 11:31pm Jan 7, 2019 11:31pm
Quoting HaLBot
Put on a buy trade @ 1.2767 just b4 this little spike up with take profit at 26.91 and almost immediately it spiked for a quick fire 24 pips......ahhhhhhh if only all trades were like that.... Fact... I don't recall last time it happened so quickly and easily...
This could be the reason for the spike up....

https://www.forexlive.com/news/!/ire...kstop-20190108
Don't Leave Money on the Table
  • #473,336
  • Jan 7, 2019 11:39pm Jan 7, 2019 11:39pm
Quoting HaLBot
Put on a buy trade @ 1.2767 just b4 this little spike up with take profit at 26.91 and almost immediately it spiked for a quick fire 24 pips......ahhhhhhh if only all trades were like that.... Fact... I don't recall last time it happened so quickly and easily...
indeed!
Not even a news event to go with it, seems it was just a slingshot off the eu.
  • #473,337
  • Jan 7, 2019 11:44pm Jan 7, 2019 11:44pm
Okay bought in again at 1.2766 with TP @ 1.2792

If it does head north again might move TP to 1.2814

Reason for taking another buy trade after pull back is what my broker calls 'using up fuel' so in this case with the pullback there has been a lot of 'selling fuel' used up so as long as there is not some negative news come out thinking it should again head towards 1.2800
Don't Leave Money on the Table
  • #473,338
  • Jan 8, 2019 12:01am Jan 8, 2019 12:01am
Quoting HaLBot
Okay bought in again at 1.2766 with TP @ 1.2792 If it does head north again might move TP to 1.2814 Reason for taking another buy trade after pull back is what my broker calls 'using up fuel' so in this case with the pullback there has been a lot of 'selling fuel' used up so as long as there is not some negative news come out thinking it should again head towards 1.2800
Be careful that spike was a stop hunt to trap buyers if it heads back to 1.28 the market makers will be letting trapped buyers get out around break even.....which they more than likely won’t
  • #473,339
  • Jan 8, 2019 12:07am Jan 8, 2019 12:07am
Quoting Neil0163
{quote} Be careful that spike was a stop hunt to trap buyers if it heads back to 1.28 the market makers will be letting trapped buyers get out around break even.....which they more than likely won’t
Thanks for the heads up....

1.2750 area would have been the better buy area (short term resistance yesterdays trading) but atm over 1.2750 and were heading north imho....

But please no one trade of my opinions.....LOL
Don't Leave Money on the Table
  • #473,340
  • Jan 8, 2019 1:06am Jan 8, 2019 1:06am
Quoting Scalla
Hello Trade plan is to build short from here - 4hr chart. More upside possible first - but should then come back to allow for profit to be taken. Starting with 0.1lot - second entry will be 0.2 lots, then 0.4 if needed. Please do not let this influence you. Trade your own. {image}
Price may very well go for 128.40ish first. Will be waiting there for another scalp short.
Fly in formation
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