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Cable Update (GBPUSD)

  • #474,061
  • Jan 24, 2019 1:12pm Jan 24, 2019 1:12pm
Quoting kazachokings
But then again, it might close the 4 h candle below the trendline and we still good

at this point I'm good either way...if it goes up a bit more I'll call it a day and go have a cocktail..if not I'll still have the cocktail...lol!!!
  • #474,062
  • Edited 1:39pm Jan 24, 2019 1:21pm | Edited 1:39pm
...Hoppefullly, Its topping..,can go higher to test the 3 previous tops on daily..
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  • #474,063
  • Jan 24, 2019 1:36pm Jan 24, 2019 1:36pm
Quoting xandi
It will not pass! Hoppefullly, Its topping..so tricky this moment..sl above this top, more trending up if this fail, 3210 mayve at sight if this fail.* {image} {image}

do you have a short position on this pair?
  • #474,064
  • Jan 24, 2019 1:44pm Jan 24, 2019 1:44pm
Quoting petehnm
{quote} do you have a short position on this pair?
Yap, bad wrong wrongly trade from below! now hope of recovery the mooving*
  • #474,065
  • Jan 24, 2019 1:49pm Jan 24, 2019 1:49pm
Quoting xandi
{quote} Yap, bad wrong wrongly trade from below! now hope of recovery the mooving*
Good luck to you friend..I also have a position but mine is at the top of the last hour candle..whereveryou got in I hope we get back there..
  • #474,066
  • Jan 24, 2019 1:51pm Jan 24, 2019 1:51pm
Quoting HaLBot
{quote} Remember were trading the US session now.....could go higher I'm tipping around 1.3060
I get to know where Cable is going pretty well as Gbp/Usd is the only pair I trade....if there's consensus in the market that Cable is heading higher then it'll be well supported....
If Cable was going to drop below 1.3000 it would have done so during London session that's why I wasn't concerned my buy @ 1.3045 wouldn't be hit...
Attached Image (click to enlarge)
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Don't Leave Money on the Table
  • #474,067
  • Jan 24, 2019 1:52pm Jan 24, 2019 1:52pm
Price wants to test the 3 tops 3220 maximum...hoppefully we have some retracement now, before that possibility, if price action leads to that way...
  • #474,068
  • Jan 24, 2019 2:07pm Jan 24, 2019 2:07pm
So far this month there has been an almost 700 pip move up in Cable!!!!
Last time that happened was January 2018....
Don't Leave Money on the Table
  • #474,069
  • Jan 24, 2019 3:28pm Jan 24, 2019 3:28pm
Quoting petehnm
{quote} Good luck to you friend..I also have a position but mine is at the top of the last hour candle..whereveryou got in I hope we get back there..

well, that was a quick loss .. I'm done this pair has no meaning as to what is going on or at least none that I can understand.
  • #474,070
  • Jan 24, 2019 3:50pm Jan 24, 2019 3:50pm
what caused that spike?

stop hunt much....lol
  • #474,071
  • Jan 24, 2019 4:01pm Jan 24, 2019 4:01pm
Quoting elbert3
{quote} Hi if I knew that I would be a millionaire. I try not to guess I play it very much as I see it moving , together with the emas tl and so on . As you must have your own guides as you have been here a long time ..are you a full time trader may I ask ? At this time on your 5 min chart you see it trending short . But it bounced 3017 area so question is that today's support? If it's heading back to 3045 that's about the tl hit .. but if you see now at 3045 area it might stop and then go back down it would be magical if I said 2200 hours tonight...
You see you need a full plan up or down . If you read it now it makes sense
  • #474,072
  • Jan 24, 2019 4:02pm Jan 24, 2019 4:02pm
Quoting petehnm
what caused that spike? stop hunt much....lol
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might be this
  • #474,073
  • Jan 24, 2019 4:03pm Jan 24, 2019 4:03pm
Quoting elbert3
{quote} You see you need a full plan up or down . If you read it now it makes sense

no doubt..good call...I didn't listen but good call...lol
  • #474,074
  • Jan 24, 2019 4:10pm Jan 24, 2019 4:10pm
Quoting elbert3
{quote} {image} might be this

sounds like it could've been it. these days anything for an excuse for the big boys to screw the little guy...lol
  • #474,075
  • Jan 24, 2019 4:11pm Jan 24, 2019 4:11pm
It broke that 5 min tl at about 3045 so that bounce at 3017 was the boys not letting back to that 2950 bottom tl .si3045 area could be a breakout confirm trade and to go long again to 3450 as posted a couple of days ago . But again play it as you see it
  • #474,076
  • Jan 24, 2019 4:20pm Jan 24, 2019 4:20pm
Quoting petehnm
{quote} no doubt..good call...I didn't listen but good call...lol
That weekly bounce was the one that was played by the bigger players . If you tl that bottom weekly tails you see it . So question was in or is it their plan to take it to 3700 area followed by 4200 I was thinking in my plan months ago that it could be the case . I did post I was going to be buying at at 2550 but I never did I was just following it down at the time and never hedged into that full !! But hay hot deals are all over this thing . The thing to look for as posted is a possible monthly cross over 10 and 20 ema that for my would be buy the dips big lots to wait for it - and we will see carney move the rate and the pound to -6500 . The big bad news could fu... k that plan and kill the pound to 2000 and eu to 0700 area mmmm something to think on
  • #474,077
  • Jan 24, 2019 4:21pm Jan 24, 2019 4:21pm
Quoting elbert3
It broke that 5 min tl at about 3045 so that bounce at 3017 was the boys not letting back to that 2950 bottom tl .si3045 area could be a breakout confirm trade and to go long again to 3450 as posted a couple of days ago . But again play it as you see it
that actually sounds good but I'm done for the week..I'll see how the week begins next week ..good luck to you though..I wouldn't put it past them to take all their profits on Friday an see this beast drop a close to 200pips.
  • #474,078
  • Jan 24, 2019 4:22pm Jan 24, 2019 4:22pm
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break out 1
  • #474,079
  • Jan 24, 2019 4:42pm Jan 24, 2019 4:42pm
Quoting Robinhood1
good buy below its most recent low 3027 and hold very long
closed long. A fairly big retrace could be on its way
POSTMASTER
  • #474,080
  • Jan 24, 2019 4:46pm Jan 24, 2019 4:46pm
Quoting Robinhood1
{quote} closed long. A fairly big retrace could be on its way
I'm waiting for what will happen after May's Brexit Plan B is voted on to trade this pair

if it gets rejected, then there will probably be a dump again for me to buy from a lower price

https://www.telegraph.co.uk/politics...liament-vote1/
Don't Worry Be Happy
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