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Cable Update (GBPUSD)

I think 1.348000 it's good price for buyer as a stop level and I still belive 1.350000 still good place for reverse. Enjoy.
Quoting Nd10
{quote} Yes I agree. I'm keenly watching 1.34 area to see if it holds. Then exit the sells with minimal losses and sell higher probably around 1.355 area. Target remains 1.32 to 1.30 unless it is invalidated. Wow you anticipate 1.19. That will be a heavy blow for pounds

what makes u think it can get to 1.355?
Quoting JimmyC
{quote} Hey Buddy !!! You still alive

Hey bro, yes lol

How are u?
I want to stand in front of this Freight train. Please don't try this at home. I'm using just a small portion of my profit today.

Long 3477.
SL: 50 pips
TP: 20 pips.

Really bad R:R.

Reasons for the trade:
A. Daily support 3 is here at 3475.
B. The usually average range of 100 pips will be met at 3465. Hopefully it holds.
C. My gut tells me to wait but a certain method I am testing out says I should jump in. Let me trust math this time.

Reasons not to take the trade
A. Mondays usually move in just one direction so this could easily hit my stop.
Quoting Jolita
{quote} You can trade if you are professional account holder or via exchange, also an option via broker registered outside UK, CFD trading.
Im with admiral I actually have an option to trade it but I just not sure how the spread lot size thing works
1.3437 is support
gu is a good one right now since thw weekly has just rotated down now...so a big trend could be starting.
Quoting nAVIN2007
{quote} Im with admiral I actually have an option to trade it but I just not sure how the spread lot size thing works
Spread is huge.

Just dont buy yet, will sink further.
For Gold, as per prof. chartist Carter Braxton Worth recommendation - buy, buy, buy until 1950. Need to find good entry.

@CarterBWorth is one to follow
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Yeah... one-way traffic. Monday.
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yes yes yes
Quoting Yngwie
My prediction 3570, if not reverse then 3670 then downfall 3160 then 2750
My prediction 3 weeks ago. 3570 done 3670 done next 3160
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
Wow, what a Monday. 2xR loss today. Will let the dust settle and see what we can do tomorrow.
Quoting mysterio
Wow, what a Monday. 2xR loss today. Will let the dust settle and see what we can do tomorrow.
You will make it back x10!
Quoting Mitiblotch
Yeah... one-way traffic. Monday.
One day you are going to have to show me your perfect setup. if we were playing baseball you would be a legend
EU is on...
Appears to be headed to the 1.3430 liquidity level. see what it does there. Big trend is down. now
Crazy Dowv30 going to 33k
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Quoting Mitiblotch
{quote} You will make it back x10!
hmm yea redemption is always around the corner in forex as long as you keep your head

Forget about the dxy break and retest anyway its going for the equal highs on daily, the move down on CPI was manipulation.

Area for a retrace on GU is 1.3415-40, for me
Quoting Robinhood1
My scenario. Short term: possible around 1.3905 and down being first target around 1.3019. 1.4004 cannot be broken as it was 1.4248īs retracement. Long term unless it crashes: around 1.1538 and from there will reverse breaking 1.4248 high. {image}
did not beleive it would go down this much but if it breaks below 13484, even just one pip, then its the same scenario except the reversal lies a bit higher at around the mithycal 13983.

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