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Cable Update (GBPUSD)

  • #414,901
  • May 11, 2015 7:44am May 11, 2015 7:44am
Hi all,

Was wondering if I could have some advise. I've got $190000 sitting in an Escrow account, and unfortunately I missed the boat on the recent low of 1.48. Is there anything in the pipeline that could swing the current exchange rate from 1.54 down to say 1.50? Or is it likely to hit 1.55 and climb higher? I need to convert this money in the next four weeks at an absolute maximum, so trying to figure out what the funk I should... hold out and take a risk, or cash in now.
  • #414,902
  • May 11, 2015 8:11am May 11, 2015 8:11am
Quoting Kajos2250
{quote} Nice counts!!! i dont know really, i usually do not count, but i would be happy for streched green 5, the green 3 already can not be the shortest by your count
Green 3 is not the shortest but we also have elongated waves 5
  • #414,903
  • May 11, 2015 8:14am May 11, 2015 8:14am
Quoting USDvsGBP
Hi all, Was wondering if I could have some advise. I've got $190000 sitting in an Escrow account, and unfortunately I missed the boat on the recent low of 1.48. Is there anything in the pipeline that could swing the current exchange rate from 1.54 down to say 1.50? Or is it likely to hit 1.55 and climb higher? I need to convert this money in the next four weeks at an absolute maximum, so trying to figure out what the funk I should... hold out and take a risk, or cash in now.
is that you Dell Boy ??
  • #414,904
  • May 11, 2015 8:20am May 11, 2015 8:20am
i sold GU 1.5520 full margin with stop loss 20point...


profit at 15284
  • #414,905
  • May 11, 2015 8:20am May 11, 2015 8:20am
Quoting sakisf
{image}
Almost to the top before the turn (arrows went upside down ).
Attached Image (click to enlarge)
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  • #414,906
  • May 11, 2015 8:22am May 11, 2015 8:22am
5512 off ,, too long order over the top thou, but it looks like it wants a break and go short
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  • #414,907
  • May 11, 2015 8:29am May 11, 2015 8:29am
Attached Image (click to enlarge)
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tops ??? long over see the day chart,watch 5485 tl , if it goes
  • #414,908
  • May 11, 2015 8:36am May 11, 2015 8:36am
Attached Image (click to enlarge)
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  • #414,909
  • May 11, 2015 8:51am May 11, 2015 8:51am
Quoting Nfp
i sold GU 1.5520 full margin with stop loss 20point... profit at 15284
SL too tight, it went thru 1.5540. Feb 26th resistance at around 1.5549.
The only winner is the one who survive the longest...
  • #414,910
  • May 11, 2015 9:06am May 11, 2015 9:06am
atm now....
  • #414,911
  • May 11, 2015 9:11am May 11, 2015 9:11am
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had to jump back in,, debating now
  • #414,912
  • May 11, 2015 9:17am May 11, 2015 9:17am
Attached Image (click to enlarge)
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  • #414,913
  • May 11, 2015 9:23am May 11, 2015 9:23am
Quoting Dano12
{image}
lol i think if it moves down only pull back ???
  • #414,914
  • May 11, 2015 9:24am May 11, 2015 9:24am
Quoting cspip
{quote} Prolly see 1.4820 again...............but its upto you..........
I guess like everything, if we knew the answer we'd be rich. Lots of reports coming out this week from what I can gather, so could be turbulent?
  • #414,915
  • May 11, 2015 9:59am May 11, 2015 9:59am
Quoting elbert3
{quote} lol i think if it moves down only pull back ???

strong resistance
Attached Image (click to enlarge)
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  • #414,916
  • May 11, 2015 10:08am May 11, 2015 10:08am
Quoting Dano12
{quote} strong resistance {image}
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bar-stewards i pp on the green candle which i thought was going to fly and it came back and took me out,, , last candle might be confirm a bearish move down sell order 5539 , and just sold 5564 sl on 5575 off out so not a big lot,,
  • #414,917
  • Edited 10:43am May 11, 2015 10:22am | Edited 10:43am
5 normal waves but wave 4 was quite large, and not excluded from the wave 5 can be extended


They came to tp - now begin observations divergence
Attached Image(s) (click to enlarge)
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  • #414,918
  • May 11, 2015 10:40am May 11, 2015 10:40am
Quoting DubaiFX
{quote} as i said 1.57 is all i see but be very careful here Guys (Some People Might Play you and they always do, Because they know that most of Retail Traders are Greedy to make more and more profit that is how they win in Long Term) i told you guys that 1.57 is coming and i said a week well they did it before as long as we are in right direction its all good, IF I WERE YOU I WILL WAIT FOR 1.5320 and will start buying again, Just heard some Whispering but my advise is still good believe me, i just made 200 pips and that is much more then enough...
as i said before i still see 1.57
so lets analyze today's move it was good, but in my experience if i look at a currency i look @ at least 5-6 pairs then i decide if Pound is going to be strong or not and then i choose 1 pair to trade,
anyways if i were you i will wait for pullback and 1.60-1.61 max will be end of medium term trend before we see 1.66 we may see 600 pips from 1.61 if reached till June, that was Long term analysis and mark my words and my levels you will see them check my posts from past 7 years you will see the pattern,
so lets see today Pound is getting Stronger but faster than we thought and that is not a very good thing believe me good but not for long term major currency should move slow and steady fast moves are usually reversed unexpected, Pull Backs you guys call them right?? anyways that is not what we want, so if i were you i will wait for 1.5400 level to go Long.
just my analysis,
BTW be careful of you are Selling too because you never know when there will be pull back.
i am staying away from Pound for 2 days at least and then i will come back i have nearly 21 other pairs i can trade with out Pound,
but the best was GBPJPY Hands Up. really good move 600 pips.


anyways
Don't compare your Trades with Others
  • #414,919
  • May 11, 2015 11:03am May 11, 2015 11:03am
It doesn't looks like strong resistance..
  • #414,920
  • May 11, 2015 11:09am May 11, 2015 11:09am
Quoting karolisl
It doesn't looks like strong resistance..
easy 1.5600 15620
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