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Cable Update (GBPUSD)

  • #418,541
  • Aug 20, 2015 7:03am Aug 20, 2015 7:03am
Quoting elbert3
{quote} i have a pennant shaping on the 30 min might use that as scalping tool , expect a false break of it some where{image}
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how was that then auto tp and long ,
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just back fro eye hospital all good , see if it breaks out now and takes the top, or we get rejection and break the bottom
  • #418,542
  • Aug 20, 2015 7:05am Aug 20, 2015 7:05am
Quoting Dr.Zain
5626 then 5607!!!
nice one Dr ,, E
  • #418,543
  • Aug 20, 2015 7:05am Aug 20, 2015 7:05am
Quoting richer
{quote} thanks for your given luck, i just hold for a while, a few pip is enough
YOu got it HOmbre, glad u got some of those pips
  • #418,544
  • Aug 20, 2015 7:06am Aug 20, 2015 7:06am
Quoting rambo12
Rambo is back ...i will be looking to sell this monster near 1.5720-730 SL 1.5780 above targets 1.55-54-53-52 ..drop from 1.5930 seems bearish flag and .testing the broken TL and also EUGBP looking for up ...so ..unless it trades above 1.5730 ..still bearish

hahaha ..when Rambo says short this monster ..its starts bleeding ....looking for a bounce then sell more shorts ....this week 1.555 n 1.53 next week .. dollar bottom is near 95.50
  • #418,545
  • Aug 20, 2015 7:08am Aug 20, 2015 7:08am
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watch s/r now for this trade close
  • #418,546
  • Aug 20, 2015 7:13am Aug 20, 2015 7:13am
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hedging here could see 5685 ,,tea time .
  • #418,547
  • Aug 20, 2015 7:20am Aug 20, 2015 7:20am
My money are on 5700+, it did the classic touch, reject, bounce a lot lower, gather strength.... usually it at least pops out after this especially since the FOMC move was already covered back and forth. It has all the conditions, well except if the US news are exceptionally good to throw the USD index back into bullish mode tho i doubt it can recover today even so.

Wait and see... i traded the approach to 5700 so many times now it feels like i`m stuck in some kind of loop.
  • #418,548
  • Aug 20, 2015 7:47am Aug 20, 2015 7:47am
my target around 5715, green area.
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  • #418,549
  • Aug 20, 2015 7:48am Aug 20, 2015 7:48am
Quoting alexandru987
My money are on 5700+, it did the classic touch, reject, bounce a lot lower, gather strength.... usually it at least pops out after this especially since the FOMC move was already covered back and forth. It has all the conditions, well except if the US news are exceptionally good to throw the USD index back into bullish mode tho i doubt it can recover today even so. Wait and see... i traded the approach to 5700 so many times now it feels like i`m stuck in some kind of loop.
Best time for range trading, though I think its coming to an end which I means *I emphasise* a move either way is coming. Yes it might continue ranging for a week or 2, but keep your stoplosses in check.​

And it still has more space for shorts if it continues to range. Better on the risk reward ratio.
Luck shines on the positive.
  • #418,550
  • Aug 20, 2015 8:15am Aug 20, 2015 8:15am
Quoting YvetteTeo
{quote} Best time for range trading, though I think its coming to an end which I means *I emphasise* a move either way is coming. Yes it might continue ranging for a week or 2, but keep your stoplosses in check.​ And it still has more space for shorts if it continues to range. Better on the risk reward ratio.
still has support 5595 is area that did not get hit, , you know when you get a feeling that it might be upto something,,lol like that 30 min false out you know its going to do it, normally it takes out the high but not sure today, regards note might sell at 5680 ,
  • #418,551
  • Aug 20, 2015 8:26am Aug 20, 2015 8:26am
Already in long at 1.5650. When cable eventually takes out 1.5716, its going to be a violent surge upwards
  • #418,552
  • Aug 20, 2015 8:31am Aug 20, 2015 8:31am
fight fight
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  • #418,553
  • Aug 20, 2015 8:33am Aug 20, 2015 8:33am
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put the fibs in look how it hits the numbers , ext on, cover the base just before next news from USA
  • #418,554
  • Aug 20, 2015 8:39am Aug 20, 2015 8:39am
We had mixed up Monday , take the profit Tuesday will we see wild Wednesday ..lol
  • #418,555
  • Aug 20, 2015 8:50am Aug 20, 2015 8:50am
Quoting elbert3
{quote} still has support 5595 is area that did not get hit, , you know when you get a feeling that it might be upto something,,lol like that 30 min false out you know its going to do it, normally it takes out the high but not sure today, regards note might sell at 5680 ,
Man, thats the price I would be selling too, but it looks like the buyer momentum still strong right now. what might be your SL placement? care to share?
o_o
  • #418,556
  • Edited 9:15am Aug 20, 2015 8:57am | Edited 9:15am
Well the USD index is at the support... if it goes lower the GPB will go higher, if not.... back lower we go... we`ll see in 3 minutes.

EDIT: The manufacturing index should be in the green... depends by how much.

EDIT2: So, R1 to S2 to central pivot then back to S1.... where its bouncing... not sure if they have the power to push it all the way up there past the R1 but its shaping up to stay over the PP for tomorrow and can continue up as there are no more USD or GBP news this week so no distractions.

Hope you all got at least some of the moves generated by the pivot bounces.
  • #418,557
  • Aug 20, 2015 9:26am Aug 20, 2015 9:26am
Quoting Algorerythmn
{quote} Hey Maks sure your enjoying the island fun out there but wondering if you stayed in from the other day ..
Hi! No, I closed early, took few pips though. I was expecting GPB will move towards 1.58. Now I'm holding long. Will monitor the price action, maybe will keep it to 1.5925-40.
  • #418,558
  • Aug 20, 2015 9:43am Aug 20, 2015 9:43am
I love violent moves when I'm on the correct side.
Quoting Makavell
Already in long at 1.5650. When cable eventually takes out 1.5716, its going to be a violent surge upwards
  • #418,559
  • Aug 20, 2015 10:12am Aug 20, 2015 10:12am
Maybe a retest of .5650?
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  • #418,560
  • Aug 20, 2015 10:35am Aug 20, 2015 10:35am
gbp/aud sitting on strong support
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