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Cable Update (GBPUSD)

  • #473,981
  • Jan 24, 2019 1:04am Jan 24, 2019 1:04am
Quoting Mayly-May
I don't have order in hand sell here it safe or not
IMO, yes.
  • #473,982
  • Jan 24, 2019 1:40am Jan 24, 2019 1:40am
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retrace
  • #473,983
  • Jan 24, 2019 1:44am Jan 24, 2019 1:44am
Quoting JimmyC
Cable Daily. I note some exuberance on the bullish side, good luck lads. -Price has traded above the 200 sma, for at least an ok bullish break. Some caution to the upside Price appears to be trading in a descending channel Notable overhead resistance is on the oblique descending line Another similar speed bump would seem present 1.3266xx In most general terms, I would be cautious neither bull nor bear. (I have no position on cable). Good luck, trade safe. ~J {image}
And bounce. Maybe down to test the 200?

Attached Image


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  • #473,984
  • Jan 24, 2019 2:01am Jan 24, 2019 2:01am
It could go lower but 1.3032 is where I'll be placing a buy order if looking good for more upside in early trading, continues lower then buy in around 1.3000, dependent on Euro news imho

As not very good with sell orders missed the oppotunity just now for 30 odd pips....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 23 Jan 2019.png Size: 37 KB
Don't Leave Money on the Table
  • #473,985
  • Jan 24, 2019 2:01am Jan 24, 2019 2:01am
Quoting JimmyC
{quote} And bounce. Maybe down to test the 200? {image} {image}
Hi Jimmy, hope you are good. Nice charts.
Fix up, trade sharp ...
  • #473,986
  • Jan 24, 2019 2:07am Jan 24, 2019 2:07am
Hi All,

It's above R2 monhtly Pivot. Today (or tomorrow), it reaches the 1.29700 price and 1.2900 is a reasonable target for the beginning of next month.
  • #473,987
  • Jan 24, 2019 2:28am Jan 24, 2019 2:28am
Quoting TEntropy
{quote} Be careful. The probability of the next day being red or green is 50/50 regardless of past. Sure 4 days in a row doesn't happen that often, but the probability of the 4th day being green from the 3rd day is 50/50.

We are not flipping a coin here
  • #473,988
  • Jan 24, 2019 2:32am Jan 24, 2019 2:32am
Little late but buy at 1.3045

wanted to buy @ 1.3032 but held off due to news...
Don't Leave Money on the Table
  • #473,989
  • Jan 24, 2019 2:39am Jan 24, 2019 2:39am
Quoting JimmyC
{quote} And bounce. Maybe down to test the 200? {image} {image}
Yep, I reckon that's the buy zone (or just a smidge lower)
Come with me if you want to live....
  • #473,990
  • Jan 24, 2019 3:49am Jan 24, 2019 3:49am
EUR/GBP at weekly, monthly support.. if this does not hold, then cable could go to 3050s , who knows
  • #473,991
  • Jan 24, 2019 4:32am Jan 24, 2019 4:32am
Quoting kazachokings
EUR/GBP at weekly, monthly support.. if this does not hold, then cable could go to 3050s , who knows
Euro @ 1.1338 support too, if breaks Cable will be dragged down as well, if holds yes I can see it climbing back over 1.3050....

Maybe all negative news for Euro priced in now???

If breaks 1.1338 could see quite a fall for Euro....
Don't Leave Money on the Table
  • #473,992
  • Jan 24, 2019 4:45am Jan 24, 2019 4:45am
Quoting HaLBot
{quote} Euro @ 1.1338 support too, if breaks Cable will be dragged down as well, if holds yes I can see it climbing back over 1.3050.... Maybe all negative news for Euro priced in now??? If breaks 1.1338 could see quite a fall for Euro....
Only God knows We need them EUR/GBP, EUR/USD and cable to synchronize so we can see a nice move
  • #473,993
  • Jan 24, 2019 4:49am Jan 24, 2019 4:49am
Quoting kazachokings
{quote} Only God knows We need them EUR/GBP, EUR/USD and cable to synchronize so we can see a nice move
I don't think God(who ever that is) trades complex financial instruments, so doesn't know either.....LOL

Euro is getting closer and closer to 1.1338, be a nice short if it breaks, or could be a bear trap......
Don't Leave Money on the Table
  • #473,994
  • Jan 24, 2019 4:51am Jan 24, 2019 4:51am
good buy below its most recent low 3027 and hold very long
POSTMASTER
  • #473,995
  • Jan 24, 2019 5:08am Jan 24, 2019 5:08am
Option expiries today could be keeping a cap on price movement, notable one on GBP @ 1.3000
Call option they are going to want price to remain above 1.3000, put option below

https://www.forexlive.com/orders/!/f...y-cut-20190124
Don't Leave Money on the Table
  • #473,996
  • Jan 24, 2019 5:40am Jan 24, 2019 5:40am
Quoting Robinhood1
good buy below its most recent low 3027 and hold very long
I could not answer your questioning my post. Had to go out a moment. You were saying?? By the way, cannot see your post quoting mine
POSTMASTER
  • #473,997
  • Jan 24, 2019 5:40am Jan 24, 2019 5:40am
Quoting Robinhood1
{quote} I could not answer your questioning my post. Had to go out a moment. You were saying?? By the way, cannot see your post quoting mine
Did you delete it?
POSTMASTER
  • #473,998
  • Jan 24, 2019 5:42am Jan 24, 2019 5:42am
Quoting Robinhood1
{quote} Did you delete it?
Mr Halbot
POSTMASTER
  • #473,999
  • Jan 24, 2019 5:44am Jan 24, 2019 5:44am
Quoting Robinhood1
{quote} Mr Halbot
Yes I deleted it....
what I said was if you buy now below 1.3027 you expect it to climb?
Don't Leave Money on the Table
  • #474,000
  • Jan 24, 2019 5:52am Jan 24, 2019 5:52am
Quoting HaLBot
{quote} Yes I deleted it.... what I said was if you buy now below 1.3027 you expect it to climb?
Do you question everyone´s post? i don´t. I might check to see if you do. Are my post an inconvenience for you mr Broker?
POSTMASTER
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