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Cable Update (GBPUSD)

  • #473,341
  • Jan 8, 2019 3:08am Jan 8, 2019 3:08am
Okay I closed @ 1.2780 for 37 pips total, I don't want to stick around for it to get to the 1.2800 area as I spent yesterday evening going nowhere trading so giving myself the night off(night time here in the land of OZ)

8 pips for 6 hours trading is not a good use of time....
Don't Leave Money on the Table
  • #473,342
  • Jan 8, 2019 3:15am Jan 8, 2019 3:15am
Quoting HaLBot
Okay I closed @ 1.2780 for 37 pips total, I don't want to stick around for it to get to the 1.2800 area as I spent yesterday evening going nowhere trading so giving myself the night off(night time here in the land of OZ) 8 pips for 6 hours trading is not a good use of time....
That's a 17% increase on a small account but I don't trade just 1 to 2% of my equity....never have and most likely never will, it all depends on what you feel comfortable trading and I do use a stop loss in case there is a sudden move against my direction
Don't Leave Money on the Table
  • #473,343
  • Jan 8, 2019 3:55am Jan 8, 2019 3:55am
This is the reasoning behind taking a couple of buy trades today, price is above the 20, 50, 100 and 200 MAs on the hourly chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 Jan 8.png Size: 36 KB
Don't Leave Money on the Table
  • #473,344
  • Jan 8, 2019 4:16am Jan 8, 2019 4:16am
An interesting bullish scenario, especially considering the $ isn't getting any love...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
Come with me if you want to live....
  • #473,345
  • Edited 9:54am Jan 8, 2019 7:29am | Edited 9:54am
perfect test 2736 , waiting it breaks for 2720- 08 to test & perhaps breaks 2694 for next support 2606 /2586 before bull action again for 2838 /2926 if possible , optimal level may be 2655 . waiting good play , this pair may go some more up to ready for brexit around 2838/2926 as before analysis . Take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 43 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 43 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,346
  • Jan 8, 2019 7:32am Jan 8, 2019 7:32am
Quoting Ill-b-back
An interesting bullish scenario, especially considering the $ isn't getting any love... {image}
Well, we must change our mind as traders. Up or down, who cares ... let the May circus give a direction, then trade the techs is my plan ...
Fix up, trade sharp ...
  • #473,347
  • Jan 8, 2019 8:19am Jan 8, 2019 8:19am
Well, that was an intense 30min! Looks like it is calming down now.
  • #473,348
  • Jan 8, 2019 8:25am Jan 8, 2019 8:25am
Quoting TheJoker
Well, that was an intense 30min! Looks like it is calming down now.
Did I say "calming down"?...looks like auto spell check did not correctly say "coming down"! HERE WE GO AGAIN!
  • #473,349
  • Jan 8, 2019 8:31am Jan 8, 2019 8:31am
Quoting TheJoker
{quote} Did I say "calming down"?...looks like auto spell check did not correctly say "coming down"! HERE WE GO AGAIN!
1.27 might be in the cards if 1.2730 breaks quickly ...
Fix up, trade sharp ...
  • #473,350
  • Jan 8, 2019 9:02am Jan 8, 2019 9:02am
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}
Glad this one worked out. Happy trading!
Fly in formation
  • #473,351
  • Jan 8, 2019 11:25am Jan 8, 2019 11:25am
Quoting Neil0163
Mrs Mays plans for brexit will be shot down this week in parliament {image}

Clock work
  • #473,352
  • Jan 8, 2019 12:05pm Jan 8, 2019 12:05pm
Quoting Hickson
{quote} Well, we must change our mind as traders. Up or down, who cares ... let the May circus give a direction, then trade the techs is my plan ...
  • #473,353
  • Jan 8, 2019 12:06pm Jan 8, 2019 12:06pm
Any predictions on what is going to happen tonight?
I *think* Trump may actually announce a state of emergency. What do you think this would do to the cable?
  • #473,354
  • Jan 8, 2019 12:08pm Jan 8, 2019 12:08pm
Quoting elbert3
{quote}
Hi E, happy new year to you, hope you're well bud ...
Fix up, trade sharp ...
  • #473,355
  • Edited 1:51pm Jan 8, 2019 1:22pm | Edited 1:51pm
Quoting TheJoker
Any predictions on what is going to happen tonight? I *think* Trump may actually announce a state of emergency. What do you think this would do to the cable?
No prediction about Trump, but watching for 2694 breaks or not, breaks for lower targets and not may jump to higher targets of 2814/38+/2926 are all brexit tanking levels, go up as far as possible to ready great shock and after shock.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,356
  • Jan 8, 2019 2:16pm Jan 8, 2019 2:16pm
Quoting Hickson
{quote} Well, we must change our mind as traders. Up or down, who cares ... let the May circus give a direction, then trade the techs is my plan ...
We could twaddle around here until end of March.
If UK bails with no deal, I expect an enormous run up before the final deadline just like 2016.
Come with me if you want to live....
  • #473,357
  • Jan 8, 2019 2:39pm Jan 8, 2019 2:39pm
Quoting Ill-b-back
{quote} We could twaddle around here until end of March. If UK bails with no deal, I expect an enormous run up before the final deadline just like 2016.
Why do you think a no deal would drive it up?
Fix up, trade sharp ...
  • #473,358
  • Jan 8, 2019 3:27pm Jan 8, 2019 3:27pm
Quoting Hickson
{quote} Why do you think a no deal would drive it up?
Before the deadline. To get as many stops and buyers sucked in as possible before enormous drop. I think all kinds of lies and misinformation will be hitting the media.

In 2016, pound gained 1000 pips in 1 WEEK and AGAINST the trend before final leave vote declared and the huge drop.
Unheard of for this pair.
I expect similar occurence between now and March but probably not to same extent.
Come with me if you want to live....
  • #473,359
  • Jan 8, 2019 4:21pm Jan 8, 2019 4:21pm
below its tl with a bearish d1
weekly is false, monthly broke the bottom already

Quoting Ill-b-back
{quote} Before the deadline. To get as many stops and buyers sucked in as possible before enormous drop. I think all kinds of lies and misinformation will be hitting the media. In 2016, pound gained 1000 pips in 1 WEEK and AGAINST the trend before final leave vote declared and the huge drop. Unheard of for this pair. I expect similar occurence between now and March but probably not to same extent.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,360
  • Edited 4:43pm Jan 8, 2019 4:22pm | Edited 4:43pm
125 did hold only time will tell
the rules apparently after the fact
close above is hold no matter what
not take it by a 100 or more some feeds
On-site guru & also FF member's' psychiatrist, when not drinking tea
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