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Cable Update (GBPUSD)

  • #415,461
  • May 20, 2015 1:39pm May 20, 2015 1:39pm
Quoting elbert3
{quote} still in that 4 hour trend buy the dip ?? 5632 5800 5870 5900
sure...
  • #415,462
  • May 20, 2015 1:45pm May 20, 2015 1:45pm
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bounced of tl
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  • #415,463
  • May 20, 2015 1:47pm May 20, 2015 1:47pm
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watch for short signs
  • #415,464
  • May 20, 2015 1:54pm May 20, 2015 1:54pm
Quoting elbert3
http://imageshack.website/e/Liw9-SSw3.jpg{image} watch for short signs
I sure hope it holds!!
  • #415,465
  • May 20, 2015 1:58pm May 20, 2015 1:58pm
Quoting JamesBr
{quote} I sure hope it holds!!
my to i bought just before the bottom so in a good place 5525 not sure of rejection there ?? might take a while i might even pull it at 40, then wait if it goes there ,, 30 min chart looks good too,
  • #415,466
  • May 20, 2015 2:05pm May 20, 2015 2:05pm
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??? break out top ?? trade over the emas not to far thou,,
  • #415,467
  • May 20, 2015 2:27pm May 20, 2015 2:27pm
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  • #415,468
  • May 20, 2015 2:30pm May 20, 2015 2:30pm
Buy GU ..Sl 5510 ...

take profit 5950
  • #415,469
  • May 20, 2015 2:34pm May 20, 2015 2:34pm
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this one bothers be,, could see double bottom??? is it false out ?? big one thou. but then are we loading to take out that spike,, ,, thats me flat till later,, had enough only guessing we are right in the middle,, any body else have opinions ,, or am i talking to myself?? lol 5566 is not broke clean if you look at the above 30 min
  • #415,470
  • May 20, 2015 2:34pm May 20, 2015 2:34pm
Quoting Dr.Zain
{quote} respectfully its 079 or 089!!!!

oh god....my mistake...

07900
  • #415,471
  • May 20, 2015 2:37pm May 20, 2015 2:37pm
Quoting Nfp
Buy GU ..Sl 5510 ... take profit 5950
mmm like the target it is whats top trend line , i think i will long order 5575 and sl 5550 and come back later and a sell on the bottom break ..thats it off for a large wine
  • #415,472
  • May 20, 2015 2:41pm May 20, 2015 2:41pm
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???
  • #415,473
  • May 20, 2015 3:16pm May 20, 2015 3:16pm
Quoting elbert3
{image} this one bothers be,, could see double bottom??? is it false out ?? big one thou. but then are we loading to take out that spike,, ,, thats me flat till later,, had enough only guessing we are right in the middle,, any body else have opinions ,, or am i talking to myself?? lol 5566 is not broke clean if you look at the above 30 min
Im holding onto my longs for now although not full of confidence. Looked to me like we had a break from the h4 support, whats your thoughts elbert?
  • #415,474
  • May 20, 2015 4:24pm May 20, 2015 4:24pm
Quoting Sublevel
{quote} Im holding onto my longs for now although not full of confidence. Looked to me like we had a break from the h4 support, whats your thoughts elbert?
Hi Sublevel,

Realistically, it could go either way, but there is a setup developing for a further movement down. The alligator (24, 13, 12) has crossed on H4 and a rising wedge has formed, suggesting this could happen.

And yes, the pivot-support has been broken (with closes) and a classic 'snake' pattern is running it's course around it, also indicating a down movement.

In your favour is the fact that price is still just above the 200sma on the daily.
  • #415,475
  • May 20, 2015 4:37pm May 20, 2015 4:37pm
Quoting elbert3
{quote} still in that 4 hour trend buy the dip ?? 5632 5800 5870 5900 watch the 5 min top, ?? what you think let it settle ??
if now is the wave 4 is not B after breaking trend line it more down
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  • #415,476
  • May 20, 2015 7:22pm May 20, 2015 7:22pm
GBPUSD strategy today....
.
Inserted Video
  • #415,477
  • May 20, 2015 7:35pm May 20, 2015 7:35pm
Sellers are pushing down at 1.5552, I will buy a break above this level, protecting (breakeven) at 1.5576
  • #415,478
  • Edited May 21, 2015 12:01am May 20, 2015 11:43pm | Edited May 21, 2015 12:01am
Quoting Kang_Gun
GBPUSD strategy today.... . https://www.youtube.com/watch?v=9YrxmPd5hiI
Dear Master KG,

My apalogize, Sir. That's Video so Small make can't watch Clear...



Salam GGH !
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Always looking the GREAT, never left GOOD Point...
  • #415,479
  • May 20, 2015 11:56pm May 20, 2015 11:56pm
Feels a bit eerie now.

The TL was broken, but no convincing reversal candles.

The longer it stays below 1.5560-1.5570, the more likely another leg down will come, 5200 maybe too stretched this week, but 5391 is realistic.
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  • #415,480
  • May 21, 2015 12:37am May 21, 2015 12:37am
Quoting Darkforce
Feels a bit eerie now. The TL was broken, but no convincing reversal candles. The longer it stays below 1.5560-1.5570, the more likely another leg down will come, 5200 maybe too stretched this week, but 5391 is realistic. {image} {image}
Morning, yes i can agree with that,, it breaks with a long wick only to be filled after a down move to find buyers 5558 on the 5 min is looking like thats holding so it could see bottom tl,, but staying above 5500, 15 min consolidation with 5 emas now , break will or should be a biggish move showing short term direction ,, 1 we se it break ist touch tl then spike up but not break, so we will keep this tl for future as price will go there if it goes long ,
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now add 2nd tl touch so if short break this is where i will look to buy or sell,, lets see if this happens,, it has to,, but which way,,Regards E
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