Cable Update (GBPUSD)

I only see you attacking this Guy.. you are better then this.. behave and help others in this thread

And where did Henry go??

Waiting to buy in at support 1.2790

big down move today the bounce dint reallyy help looks like someone has been hammering it hard

Hey All,

Minor trend line was broken today. I placed a trade box in. Now it is a wait and see if price makes it. Next week is Yearly CPI and monthly Retail Sales, both of which i think will disappoint, may help push price down.

- Ric

Elbert3 Awesome analysis to the T

Hats off old school fine trader
I caught alot of pips both ways

Looking to sell on rallies

Only long from 1.2550 area unless fundamentals change drastically

I posted a while ago .... but at 2550 and I was and it worked . But then the sell was there so we sold and posted the numbers . Ugh the know at this time I am not sure where it will go . 1 bounce off that monthly wick doji !!!! 2 doji will fail so price will go lower . 2770 2650 . But long term traders are buying into the pound at this time . So the traders with big accounts can afford to do so . Scalers will get caught but scalpers who know the game will be safe . Look beyond the real time trade if if your account can stand a big move .fridays coming and it's middle of the month . 3 . Price could now move sideways. So long and short traders could be safe until price will line up on your emas for that break out . Watch 20 emas on the bigger time charts as we know and I posted the move the big boys like 29 ema . I will check my pc over the weekend to find a better view of what we all are looking for . FX takes no prisoners. You trade plan should include your get out of jail plan . Remember if you save some money you can trade again . If you risk all of your money you have to find more to top your acc . FX WILL ... WILL make a fool out of you . If you can't afford to lose it don't trade it .. night guys .E

This cable is currently wiping all shorts. I am waiting patiently to buy at 1.12 for a 1000 pips reward, it will get there within 3 months, till then i am no longer trading this pair

risk aversion still dominated, usd yen will be strong. so gu will get lower and lower, gu targeting 1.2785 and then 1.2685

D1
H1, for start , we need to get above ema h&s

Lost all hopes on this pair so tricky

Short in at 1.2847

Cable will still down till next week. Or maybe till end of month... Suggest to short

Looking at the month chart we can see rejection resistance was off the 20 ema .if price breaks down then 2770 area and max 2580 to its lower tl . So are we seeing tl attraction ??? Also above we have a false break wick at 1.400 to 1.4350 this will be filled . When ?? If I knew that we would be worth millions ...and it looks like price needs to break 3180 area at this time to get into that possibility. How ever that will change the lower into the triangle it might go . That's on the monthly . If anybody would like to share their thoughts on that then great .

2880 is resistance I would think as a potential trade figure to work to or from

Winner 21 pips

GBP index shows an almost end to the bears ..... Buyers luring in the dark!!

took long GU from 2843 to 2820. Target 2880 to 2900

Took Long Size 5 @1.2824 SL @1.2820 , If this is not going my way than i shall leave GU for a while

I do not keep stop loss for my trades.

If you wish to keep stop, then ideally Stop should be 2800