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Cable Update (GBPUSD)

  • #416,561
  • Jun 17, 2015 1:23pm Jun 17, 2015 1:23pm
1,61 fib done
Attached Image (click to enlarge)
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  • #416,562
  • Jun 17, 2015 1:25pm Jun 17, 2015 1:25pm
Quoting Dano12
1,61 fib done
and what do you think now, up or down?
  • #416,563
  • Jun 17, 2015 1:27pm Jun 17, 2015 1:27pm
Quoting garmin12
{quote} and what do you think now, up or down?
we are waiting for grandma words and rhetoric Maybe I'll stop hunt over 1,580
  • #416,564
  • Jun 17, 2015 1:41pm Jun 17, 2015 1:41pm
Loaded my shorts at various rates above 1.5775 and will be targeting 1.5380 in the coming week or so.
  • #416,565
  • Jun 17, 2015 2:21pm Jun 17, 2015 2:21pm
Quoting pipsdotpk
Loaded my shorts at various rates above 1.5775 and will be targeting 1.5380 in the coming week or so.

50 fib
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  • #416,566
  • Jun 17, 2015 2:32pm Jun 17, 2015 2:32pm
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  • #416,567
  • Jun 17, 2015 3:46pm Jun 17, 2015 3:46pm
Quoting pipsdotpk
Loaded my shorts at various rates above 1.5775 and will be targeting 1.5380 in the coming week or so.

You think GU will come back down to 1.5380 in the next couple of weeks?
  • #416,568
  • Jun 17, 2015 3:57pm Jun 17, 2015 3:57pm
Quoting Dano12
{quote} 50 fib {image}
Dano after checking your chart, I am very tempted to change my TP to even capturing more pips
  • #416,569
  • Jun 17, 2015 4:44pm Jun 17, 2015 4:44pm
Quoting Asm25
{quote} You think GU will come back down to 1.5380 in the next couple of weeks?
Asm25, 1.5380 is my initial target but it might even slide further down, as Dano and others have suggested.
  • #416,570
  • Jun 17, 2015 5:19pm Jun 17, 2015 5:19pm
Quoting pipsdotpk
{quote} Dano after checking your chart, I am very tempted to change my TP to even capturing more pips
After breaking the resistance changed the designation probably doing now 5 in 3orC so now finishing 3orC
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  • #416,571
  • Jun 17, 2015 6:02pm Jun 17, 2015 6:02pm
Yes Dano, that is definitely a possibility, but I trade price cycles and dont scalp, My sl aint tight, so I plan on holding them unless otherwise.
  • #416,572
  • Jun 17, 2015 7:18pm Jun 17, 2015 7:18pm
5930 is the destination or it will stay at 5760 if retrace.
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  • #416,573
  • Jun 17, 2015 8:53pm Jun 17, 2015 8:53pm
Quoting 2012mysterio
{quote} Hey Steve, yes we all hear you. Sometimes techs and fundis are both out the window.. forex is UNPREDICTABLE.. like a wild animal.. anyone denying this, has not been in the markets long enough. The best seasoned traders will lose trades at some point, when everything points to otherwise. It keep us alive and doing well, when we practice good money management and control. the 'big boys' you hear people talking about here sometimes, also suffer huge fuck ups. look how much big banks can lose in trades. diff with them, is they have huge amounts...
Thanks for the post. At times like these it's good to know I'm not alone. I had originally hoped to make a living out of trading but now I have serious doubts. One really needs serious capital to make it work. The vagaries of the Forex market are astounding. The only thing I can do is reduce lot volumes and identify weak points in the way I trade.
  • #416,574
  • Jun 17, 2015 9:36pm Jun 17, 2015 9:36pm
1.587 can be the maximum for now. expecting 1.557 next. the assumption is based on weekly fibo.
  • #416,575
  • Jun 17, 2015 9:40pm Jun 17, 2015 9:40pm
Quoting mehedi529
1.587 can be the maximum for now. expecting 1.557 next. the assumption is based on weekly fibo.
Yes, gbp keep surprising us with its crazy bull, hope today's retail sales will pull it down and trend reverse
  • #416,576
  • Jun 17, 2015 10:09pm Jun 17, 2015 10:09pm
weekend rally may end at any of these lines., economical reports will rule ...
Attached Image (click to enlarge)
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  • #416,577
  • Jun 18, 2015 12:48am Jun 18, 2015 12:48am
Quoting kiyo
{quote} Yes, gbp keep surprising us with its crazy bull, hope today's retail sales will pull it down and trend reverse
Look, Fibo not always work. By my analysis it works 55% in waves. So the last example was the wave 5088-5815 and it faking didnt work cause it retraced to 88% and then it go back to 5840. Got it? Those who long at 38,51 and 61% was f..ed.

As i told few days ago read my comment the tred is up and dont try to sell. It s better to wait next week cause you will know the high of this week.
I cant tell you why its my strategy long way to tell.
  • #416,578
  • Jun 18, 2015 12:53am Jun 18, 2015 12:53am
Wait next week as minimum. cause now its too late to long and not time to sell. I gess many shorted 5700 yesterday and what? Do you like the mass of train?
I think 6000 it good price to look a correction wave. starting from 6000.,6050 it not bad level to get easy 200 pips. Maybe 5900 but not this week. Next week 5900. Yes. 5900 next week you can try to sell SL 5970
  • #416,579
  • Jun 18, 2015 1:20am Jun 18, 2015 1:20am
Quoting Trader88q
Wait next week as minimum. cause now its too late to long and not time to sell. I gess many shorted 5700 yesterday and what? Do you like the mass of train? I think 6000 it good price to look a correction wave. starting from 6000.,6050 it not bad level to get easy 200 pips. Maybe 5900 but not this week. Next week 5900. Yes. 5900 next week you can try to sell SL 5970
You are under assumption that 59 is next.Kind of doubted since I anticipate poor retail sales sending this to 5750-57 before any move to 59
As always market is king.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #416,580
  • Edited 1:59am Jun 18, 2015 1:38am | Edited 1:59am
Quoting ItsAtrap
{quote} Yes, that's roughly what I see in the monthly studies as well. An eventual revisit of the historic lows. Big range for a while till the next big leg down
Anyway this crazy as was in strong bull > got life again breaking 5814 & so strength up remain intact & may easily text next level of it's targets 5935\50 to even 6250 this turn( keeping afloat 5650/75). 5935\50 can be swing/leg high for as low as 5300 next. bulky head may to drop more though .anyway more tests to new high possible & or test again before the failure .correct more up & down & ranges greatly increased thereafter.
Monthly close this month will look for 5590/arround.
Take care ,
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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