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Cable Update (GBPUSD)

  • #474,001
  • Jan 24, 2019 5:54am Jan 24, 2019 5:54am
Quoting Robinhood1
{quote} 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?
I don't intend to offend just asking an innocent question, that's it
Don't Leave Money on the Table
  • #474,002
  • Jan 24, 2019 5:54am Jan 24, 2019 5:54am
Quoting HaLBot
{quote} Yes I deleted it.... what I said was if you buy now below 1.3027 you expect it to climb?
you know i said very long. My first language is Spanish but i try to make myself clear in english. It is a trade for me not for you or anyone else
POSTMASTER
  • #474,003
  • Jan 24, 2019 5:56am Jan 24, 2019 5:56am
Quoting HaLBot
{quote} I don't intend to offend just asking an innocent question, that's it
Which is your intention then?
POSTMASTER
  • #474,004
  • Jan 24, 2019 5:57am Jan 24, 2019 5:57am
Quoting Robinhood1
{quote} Which is your intention then?
I am here to make money not to pass an examen. Maybe you can tell us what the market is going to do since you are so suprised to go long
POSTMASTER
  • #474,005
  • Jan 24, 2019 6:01am Jan 24, 2019 6:01am
Quoting Robinhood1
{quote} Which is your intention then?
I'm asking because I'd like to understand your reasoning there????

I have 2 longs atm 1.3024 and 1.3045 so I think it's going up, also with option expiries in the market I believe Cable is being supported to not drop to 1.3000 but could be wrong on that score, the option expiry could be a put option.....
Not a broker, just retail trader
Don't Leave Money on the Table
  • #474,006
  • Jan 24, 2019 6:04am Jan 24, 2019 6:04am
Quoting HaLBot
{quote} I'm asking because I'd like to understand your reasoning there???? I have 2 longs atm 1.3024 and 1.3045 so I think it's going up, also with option expiries in the market I believe Cable is being supported to not drop to 1.3000 but could be wrong on that score, the option expiry could be a put option..... Not a broker, just retai trader
We could all be wrong and if youn said you were short i could maybe understand your questioning. We are on the same boat so if you decided its long and i did lets move on and hopefully be right. Cheers
POSTMASTER
  • #474,007
  • Jan 24, 2019 6:05am Jan 24, 2019 6:05am
Quoting MrPresident
{quote} What is your analysis?
Always extremely difficult to do four consecutive days of buying. In addition, weekly range also already attained @1.3093.
Data + Stat + Risk/Emotions Management
  • #474,008
  • Jan 24, 2019 6:08am Jan 24, 2019 6:08am
Quoting HaLBot
{quote} I'm asking because I'd like to understand your reasoning there???? I have 2 longs atm 1.3024 and 1.3045 so I think it's going up, also with option expiries in the market I believe Cable is being supported to not drop to 1.3000 but could be wrong on that score, the option expiry could be a put option..... Not a broker, just retail trader
Barclays also believes it could go to 1.32/33 in the near future
  • #474,009
  • Jan 24, 2019 6:17am Jan 24, 2019 6:17am
Quoting HaLBot
{quote} I'm asking because I'd like to understand your reasoning there???? I have 2 longs atm 1.3024 and 1.3045 so I think it's going up, also with option expiries in the market I believe Cable is being supported to not drop to 1.3000 but could be wrong on that score, the option expiry could be a put option..... Not a broker, just retail trader
Why would you go long when todays trend is down.. Yeah, the major trend is up, been up for couple days but so what.. moreover, do you even check what the EUR/GBP is doing ? because it looks to me it hit a weekly, montly support, tested and bouneced back. Nice bullish candle in the 1 hour .. but yeah, this is forex so one breaking news and price can revers pretty fast.
  • #474,010
  • Jan 24, 2019 6:18am Jan 24, 2019 6:18am
Quoting Suj
{quote} Barclays also believes it could go to 1.32/33 in the near future
Yes there are quite a few financial houses saying similar things as No Deal Brexit looks like it's of the table now, could pull back to under 1.3000 in the short term thou
Don't Leave Money on the Table
  • #474,011
  • Jan 24, 2019 6:21am Jan 24, 2019 6:21am
Quoting HaLBot
{quote} Yes there are quite a few financial houses saying similar things as No Deal Brexit looks like it's of the table now, could pull back to under 1.3000 in the short term thou
but it looks tricky with GBP. are you thinking of buying back around 1.2980 levels?
  • #474,012
  • Jan 24, 2019 6:22am Jan 24, 2019 6:22am
Quoting kazachokings
{quote} Why would you go long when todays trend is down.. Yeah, the major trend is up, been up for couple days but so what.. moreover, do you even check what the EUR/GBP is doing ? because it looks to me it hit a weekly, montly support, tested and bouneced back. Nice bullish candle in the 1 hour .. but yeah, this is forex so one breaking news and price can revers pretty fast.
I just missed my closing that's all, not concerned really where price goes, I'm looking to capture a 30 pip move on the day somewhere to make my 5%, if I can.....
Some say 5% a day is not possible but won't know if I don't try....but even a weekly gain of 1% is awesome
Don't Leave Money on the Table
  • #474,013
  • Jan 24, 2019 6:24am Jan 24, 2019 6:24am
Quoting HaLBot
{quote} I just missed my closing that's all, not concerned really where price goes, I'm looking to capture a 30 pip move on the day somewhere to make my 5%, if I can..... Some say 5% a day is not possible but won't know if I don't try....but even a weekly gain of 1% is awesome
We got some news coming in 20 min, there should be some big moves so watch out
  • #474,014
  • Jan 24, 2019 6:26am Jan 24, 2019 6:26am
I think we are in corrective Wave A.
I expect a pullback near EMA 20 H4 to Point B.
At B I sell short.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.rH1.png Size: 35 KB
  • #474,015
  • Jan 24, 2019 6:27am Jan 24, 2019 6:27am
Quoting Suj
{quote} but it looks tricky with GBP. are you thinking of buying back around 1.2980 levels?
That looks like a good area to buy, I have a trendline going thru there from a previous post but make sure you do your own analysis...
Don't Leave Money on the Table
  • #474,016
  • Jan 24, 2019 6:32am Jan 24, 2019 6:32am
Quoting kazachokings
{quote} We got some news coming in 20 min, there should be some big moves so watch out
ECB wants to normalise rates so be interesting what they do but there's been a heck of a lot of negative data come out recently so hard to imagine a raising of rates today, traders will be looking at Mario's press conference later for direction.....
Dovish or Hawkish!!!
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  • #474,017
  • Jan 24, 2019 6:41am Jan 24, 2019 6:41am
Quoting kazachokings
{quote} We got some news coming in 20 min, there should be some big moves so watch out
you mean back to bulls?
  • #474,018
  • Jan 24, 2019 6:49am Jan 24, 2019 6:49am
Quoting kazachokings
{quote} Why would you go long when todays trend is down.. Yeah, the major trend is up, been up for couple days but so what.. moreover, do you even check what the EUR/GBP is doing ? because it looks to me it hit a weekly, montly support, tested and bouneced back. Nice bullish candle in the 1 hour .. but yeah, this is forex so one breaking news and price can revers pretty fast.
I'm 20 pips away from my buy and not concerned as Cable takes no time at all to cover 20 pips, I'll feel pressured if Cable starts dropping closer to 1.3015 then will have to look at doing something if I haven't already
Also closed 1.3024 just b4 news for small profit
1.3032 is acting as resistance now
Don't Leave Money on the Table
  • #474,019
  • Jan 24, 2019 7:09am Jan 24, 2019 7:09am
Quoting HaLBot
{quote} I'm 20 pips away from my buy and not concerned as Cable takes no time at all to cover 20 pips, I'll feel pressured if Cable starts dropping closer to 1.3015 then will have to look at doing something if I haven't already Also closed 1.3024 just b4 news for small profit 1.3032 is acting as resistance now
the resistance can be broken. its not far away.lets see what the gbp does by end of day
  • #474,020
  • Jan 24, 2019 7:10am Jan 24, 2019 7:10am
Quoting Suj
{quote} the resistance can be broken. its not far away.lets see what the gbp does by end of day
We have Mario Dragi's conference in 20 minutes, that might shake up things either way....
Don't Leave Money on the Table
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