Cable Update (GBPUSD)

Hello DubaiFX and everybody

everybody has a point of you, nobody knows where the market will go for sure. Its all about probabilities. I am still very bearish on that pair. The reason the cable went to 1.52 is because was staying on the support level 1.5116- 1.5128 for so long and did not have the power to break below. Now is going higher so when the time for drop comes it will have enough strength to break that level (1.51) It may goes all the way to 1.5246, which is 38% on Fibo on 4h chart. I personally dont think so it will go that far, but never know. Anyway even if its go there its a selling opportunity, its a election week in uk, everybody knows that, uncertainty in the goverment makes the currency weak( EUR - GREECE) There is NO fundamental reason why the cable will go up. There is NO technical reason why should go up as well( I dont think I need to post the weekly chart, evrybody can see it)The big boys are just playing their game, I am just trying to help here and like I said its just a point of view, but I think its a solid one.
Thank you and good luck

Thank you for your insightful ideas. I surely will pay attention at these levels!

now do we buy the dips ?? long over the high

hello DUBAIFX

I just read your post from May 3, 2015 22:12 , its awsome, 100% agree.
Thanks for sharing , much appreciated !!!

Thank You Loislim appreciated brother,

as i said before once there is a saying "" The Glass is Half Empty "" everyone sees things their way and unfortunately there is one problem here which i love to say

Please Pay attention to what i am saying because its fact that Many forex traders Most of them i can say for sure 90% retail traders when they are in a position most of them cannot control the facts even if they know inside that they are wrong the Biggest Mistake they do is that for example If you are on SELL GBPUSD most trader's mistake is that they search internet and try to find something which will satisfy their inner need to believe that they are on right side and Pound will drop, that is our Subconscious Mind which do tricks on our Conscious mind, and eventually you will find an article written by an analyst saying pound will drop, or some thread where people are selling that gives trader the satisfaction on their position and most of them hold on to that and wait and wait and sometimes they fall into Bloody Brokers and Analysts trap, believe me its all business sometimes hedge funds even banks and believe me sometimes GOVT also is involved because you if you are not selling then how they will buy and how they will shake the market and will Grab all your Money?? believe me i know because some times we were asked to do the same i swear guys, but i never did others do for money, but i don't like to be a part of the game where millions of traders will loose money and big players will make millions, that is how forex works
"" some one's loss is Your Profit "" forex is Zero Sum Game Right?? everyone knows that!! that means if you are selling then someone is Buying what you are selling
its all Demand and Supply, when Demand Falls Currency weakens, and When supply is weak or demand is high then currency gets Stronger,
and believe me in Currency market there always will be Demand and Supply the whole thing is like a rabbit hole you never know where are you going until you get there,
i am not saying i am Perfect no one is in Forex, its all about Percentage so if i am right 80% of the time then total will be 60% not 80% Because i loose 2 times that will minus 2 times profit also and that loss will be even 00, and i will be left with 60% Net profit.

as i said before its all about Math, do it right and you will soon find out what the hell big players do and why the hell their portfolio jumps every year and no loss even if they make 10% every year. think about it, why banks don't loose, out of 200 hedge Funds with at least 1 Billion$ in assets only 4 Loses yearly and from past 5 years i never say more than 7% loss in a year which they recover next year and move on,
Good Luck to you all, please be careful guys i just try for retail traders to think outside the box and see why most traders lose and the fact is they do some lose in a month and some in a year believe me i have seen Real traders who made money in first few months and then start losing, anyways the big Question of all is why big Players like top 10 Hedge Funds in US barely loose a little sometimes and some never lose, they sometimes make 10% Yearly and even i saw 5% Yearly profit i swear i can show you also Authentic by Barclays Bank, why they win 90% of the time just try to find out and if you did believe me you got Golden Chicken and you will take golden eggs for the rest of your life, it is not easy to do, BUT NOTHING IS IMPOSSIBLE i believe do you??.
and if someone do find out how to actually make money for long term like 3-4 year in a row Constant profit then you can live your life on forex earnings for the rest of your life which is almost everyone's Dream right??? be your own boss?? trade whenever you like??
for that to happen you need to learn the Secrets Of Forex which is Many and Big Boys try to make sure that it never Gets out, but a smart man can learn from just watching.
Sorry for the Long Speech Guys, i just hope that it maybe be helpful to someone even one person if tried to control his mind i will be very glad that my time has not wasted.
Good Luck to you All.
GOD BLESS US ALL.

GU H8 GMT+2

after some intrested volatility i hope the correction is over showed by bullish pinbar and the engulfing at MPP ~5138...
buy limit .5150, lets see next days...
~5580 is waiting

Good luck!

YES>>>>>>

Hello Lioslim and everybody,

well you might be right for time being let me tell you how if you look short term Fundamentals,
construction PMI declined to 54.2 in April 2015 from 57.8 in March 2015 ,
this shows construction sector activity expanded at the slowest pace in almost 19 Months because i have all the previous data.
just pointing out how Big Players are Seeing things and the FACT is " this is only the uncertainty about the election has reduced construction firms Fear to start new projects, and also ongoing projects also delayed"

i do agree UK’s manufacturing PMI for April released on Friday, the decline in the construction is slowdown in the UK growth. but ONLY ONE MONTH CANNOT RULE OUT PAST 5 MONTHS OR 19 MONTHS FOR THAT MATTER ""
There is something what Most Traders Don't understand ( NO DISRESPECT) The Long Term Effect on Currency, Traders here ( NO OFFENCE) shows Weekly Charts, do they even realize that if you want to trade Weekly chart (Great) but like other charts for Example 1H chart which most traders do, do they realize that for their target to reach some time it takes 4-5 and some times 7 candles Normally say 4-5 hours or 7 Hours to hit your target, now lets see WEEKLY CHART, if you are Looking at Weekly chart then you trade weekly chart and trade on weekly chart if it takes lets say 4 candles to hit your target that is WHOLE MONTH, do even Retail Traders wait for that long for their target to hit?????

ask yourself when was the last time you waited 1 months to hit your target and i am not talking about RED or NEGATIVE PIPS i am Talking about GREEN when you are in PROFIT can you wait for 1 month to get 400 pips???? and please no demo account i am talking about Live accounts, there are not many traders who have stomach to wait for 1 month when they are in PROFIT, because its simple you want to grab your profit, and it is good but talking about WEEKLY chart and cannot wait because when you see you are in +100 and then you see SMALL CHARTS reversing even you know that it will come back but most traders cannot wait to LOSE their PROFIT and close the Position, Just my Point GUYS,
But another Fact is that When Traders are in RED NEGATIVE PIPS waoo they hold their positions for Months in hope that it will become positive right???
anyways lets talk about Tomorrow,
The British service sector PMI will decline as well, that will support your short term sell good for you bro,
but that will be very good for us to buy Pound Cheaper also.
Remember i said before also 2 times see the POUND AFTER THE ELECTIONS,
and CHECK my old post where i mentioned that After the FOMC market will shift to Elections and that will be where our Sell will hit the Targets, and it did, and my last sell was 1.5380, it went more then that "" that was the GAME of Big Players to Grab as Much Buyers as they can and After that Pound Fell like hell right??? ""
i mentioned it 2 days before FOMC, the QUESTION should be how Did i Knew, lets forget about that,

and one more thing
MARK MY WORDS,
1: BELIEVE ME I AM LOOKING AT WEEKLY CHART AND ALL IT SHOWS ME IS 1.57 LEVEL BROTHER
2: one day Before the GENERAL ELECTION POUND WILL BE HURT, THAT IS HOW THEY WILL GRAB SELLERS, BELIEVE IT OR NOT, BUT YOU WILL SEE SOON ENOUGH.
WELL I AM TALKING HERE ABOUT YOUR SELL AND I KNOW YOU MAYBE RIGHT ABOUT SELLING FOR SHORT TERM NO MORE THAN A WEEK AND AFTER 18TH MAY I KNOW MOST OF YOU WILL BE TALKING ABOUT BUY AND BUY ONLY SAME LIKE BEFORE THE FOMC ALMOST EVERY ONE DID
THEN I WILL TALK ABOUT MY TARGET LEVELS, I AM IN NO HURRY MY FRIEND JUST WAITING PATIENTLY.

Good Luck to you all
and please forgive me if i hurt anyone's feelings i didn't meant that i promise you guys
Thank You,

Difficult to up more than 40 pips before Services PMI

https://charts.mql5.com/7/749/gbpusd...ts-limited.png

testing the high now see other tc , see what there saying

Just My Review

the idea was long thinking

Added another ( ALMOST FINAL TODAY ) target remember there is USD ADP also today after GBP's Services PMI
https://charts.mql5.com/7/751/gbpusd...ts-limited.png

SL HUNTING

In fact, a move back above 1.5200 was not expected. Hence, higher possibilities of a reversal back below 1.5150 level, possibly to 1.5120.

supports 5213 5185/63. then could be 5030 ?? see if they hold before news, for me still buy the dip long order on the high

i made 130 pips in 24 hours

£100 A PIP,, GREAT,,