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Cable Update (GBPUSD)

  • #414,481
  • May 1, 2015 12:24am May 1, 2015 12:24am
I think its highly likely that we will see a fairly strong GBP sell off on the run up to the general election next week, particularly
If the polls continue to show that we are unlikely to see a new Conservative government.
It's a big game.
  • #414,482
  • May 1, 2015 12:39am May 1, 2015 12:39am
Quoting Kajos2250
{quote} GU H8 GMT+2 last limit triggered, the nearest target the untouched .55... maybe ~5580 tomorrow, not to left for next week Good luck! {image}
Morning K. i have ordered 5366 buy order takes us back over all my emas on 5 min sl will be 5330 target open, might see 5580/ 5858/' 6100 , below sell order 5295 sl 33 could see 5250 5171 ,,,
  • #414,483
  • May 1, 2015 1:13am May 1, 2015 1:13am
Quoting funzodundee
I think its highly likely that we will see a fairly strong GBP sell off on the run up to the general election next week, particularly If the polls continue to show that we are unlikely to see a new Conservative government.
Pitty, Conservative gov would mean stronger GBP. If you say Labour is the front runner, we'll have to watch for down trend next week!
  • #414,484
  • May 1, 2015 1:34am May 1, 2015 1:34am
Need to see if a drop below 1.5300 is bought into, confirming ascending trend-line support. Confirmation would confirm the possibilities of an up-move back towards 1.5400-10 resistance area.
Break below would provide opportunity to initiate fresh short-positions for near-term downward trajectory.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH401052015.png Size: 9 KB
  • #414,485
  • May 1, 2015 1:46am May 1, 2015 1:46am
SL 5290

https://charts.mql5.com/7/709/gbpusd...ts-limited.png
  • #414,486
  • May 1, 2015 2:55am May 1, 2015 2:55am
Broke out of the range after sharp reversal ... pump baby, pump!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 8 KB
Fix up, trade sharp ...
  • #414,487
  • May 1, 2015 2:58am May 1, 2015 2:58am
bought eur/gbp sl:7290. this is still sensitive to data and I don't like the way it fell yesterday. euro is much more stubborn
  • #414,488
  • May 1, 2015 3:02am May 1, 2015 3:02am
Quoting Hickson
Broke out of the range after sharp reversal ... pump baby, pump! {image}
pump baby pump???? and then dump for 200 pips
  • #414,489
  • May 1, 2015 3:03am May 1, 2015 3:03am
Quoting giveachance
{quote} pump baby pump???? and then dump for 200 pips

Whatever the market wants ...
Fix up, trade sharp ...
  • #414,490
  • May 1, 2015 3:04am May 1, 2015 3:04am
Quoting giveachance
{quote} pump baby pump???? and then dump for 200 pips
yh..bt the question is this damn pair always act oppsite side after news release
  • #414,491
  • May 1, 2015 3:06am May 1, 2015 3:06am
Quoting sumumax
{quote} yh..bt the question is this damn pair always act oppsite side after news release
it usually reacts 5-10 mins before the news. so watch the action in 10 mins. that will give you a sense of what today's data is. I think it will be pathetic to say the least or in line
  • #414,492
  • May 1, 2015 3:08am May 1, 2015 3:08am
in this leg up market has the potential to see 1.5620 ..............1.618 retracement

https://www.tradingview.com/x/rQxNXVr2/

BREAK OUT OF DOUBLE TOP HIGHS ONE CAN BUY TO TARGET 1.5620

OR ONE CAN BUY @1.5360 .......RESISTANCE TURNED SUPPORT LEVEL( RICHARD WYCKOFF LOGIC)
  • #414,493
  • May 1, 2015 3:10am May 1, 2015 3:10am
Quoting koppa
in this leg up market has the potential to see 1.5620 ..............1.618 retracement https://www.tradingview.com/x/rQxNXVr2/ BREAK OUT OF DOUBLE TOP HIGHS ONE CAN BUY TO TARGET 1.5620 OR ONE CAN BUY @1.5360 .......RESISTANCE TURNED SUPPORT LEVEL( RICHARD WYCKOFF LOGIC)
lol
  • #414,494
  • May 1, 2015 3:23am May 1, 2015 3:23am
Quoting HareshBM
Need to see if a drop below 1.5300 is bought into, confirming ascending trend-line support. Confirmation would confirm the possibilities of an up-move back towards 1.5400-10 resistance area. Break below would provide opportunity to initiate fresh short-positions for near-term downward trajectory. {image}
Now seems unlikely to clear 1.5400 mark and start drifting lower to test sub-1.5300 mark support.
  • #414,495
  • May 1, 2015 3:31am May 1, 2015 3:31am
warning was given
  • #414,496
  • May 1, 2015 3:33am May 1, 2015 3:33am
Quoting giveachance
warning was given
Someone sent you order flows? Cannot complain about winning 2 cents on s/o lol
Fix up, trade sharp ...
  • #414,497
  • May 1, 2015 3:34am May 1, 2015 3:34am
Quoting Hickson
{quote} Someone sent you order flows? Cannot complain about winning 2 cents on s/o lol
don't forget i have more white hair than you.keep on buying eur/gbp
  • #414,498
  • May 1, 2015 3:37am May 1, 2015 3:37am
Quoting giveachance
{quote} don't forget i have more white hair than you.keep on buying eur/gbp
In 2015 there are lots of cosmetical methods if one does not like it ...
Fix up, trade sharp ...
  • #414,499
  • May 1, 2015 3:42am May 1, 2015 3:42am
Took a quick long here bullish for today
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 48 KB
  • #414,500
  • May 1, 2015 3:43am May 1, 2015 3:43am
Quoting bulltrader13
Took a quick long here bullish for today {image}
?????
Fix up, trade sharp ...
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