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Cable Update (GBPUSD)

  • #421,621
  • Dec 2, 2015 4:36am Dec 2, 2015 4:36am
Quoting MarkChew
{quote} Thinking of selling the EURUSD too

EUR:

Dont forget to cover your position, if the price rise above SL , setup nulified :

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Money moves the market, not an indicator.
  • #421,622
  • Dec 2, 2015 4:42am Dec 2, 2015 4:42am
Quoting andoseg2
{quote} Update long term : {image} {quote} {image}
yes indeed, GBPUSD might be headed lower and test 1.4930 support area.
On a decisive break below 1.4900 mark, I could see it dropping back towards 1.4750-40 strong support tested earlier during the first quarter of 2015.
  • #421,623
  • Dec 2, 2015 5:18am Dec 2, 2015 5:18am
close my short with little gain (pyramid).

ok
  • #421,624
  • Dec 2, 2015 5:29am Dec 2, 2015 5:29am
Quoting MarkoTrd
close my short with little gain (pyramid). ok
pyramid contrarian of course.

Follow a trend don't work , you now.
  • #421,625
  • Dec 2, 2015 9:04am Dec 2, 2015 9:04am
anyone notice that trend line support + divergence
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Stay Foolish , Stay Hungry
  • #421,626
  • Dec 2, 2015 9:08am Dec 2, 2015 9:08am
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  • #421,627
  • Dec 2, 2015 9:49am Dec 2, 2015 9:49am
started buying. 3 longs at this moment.
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As Above, So Below
  • #421,628
  • Dec 2, 2015 9:53am Dec 2, 2015 9:53am
I'll keep my shorts open until it reaches 1.4860.
  • #421,629
  • Dec 3, 2015 12:14am Dec 3, 2015 12:14am
Quoting HareshBM
{quote} yes indeed, GBPUSD might be headed lower and test 1.4930 support area. On a decisive break below 1.4900 mark, I could see it dropping back towards 1.4750-40 strong support tested earlier during the first quarter of 2015.
What's up next for GBPUSD?
Waiting for today's PMI figure to be released. The pair could either break or bounce off the current support levels just to give traders an opportunity to initiate fresh short positions.
  • #421,630
  • Dec 3, 2015 1:09am Dec 3, 2015 1:09am
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  • #421,631
  • Dec 3, 2015 1:28am Dec 3, 2015 1:28am
Today we will have Fed's Yellen testimonials before the Congress or some of its Committees to explain the current economic situation and the policies applied to improve it.

Might give some clues when the rate hike will happen, I’m voting this month so it might shake the cross GBP/USD.
  • #421,632
  • Dec 3, 2015 1:33am Dec 3, 2015 1:33am
Lol, good data and down she goes
  • #421,633
  • Dec 3, 2015 1:34am Dec 3, 2015 1:34am
Wave 5 on 1 h
  • #421,634
  • Dec 3, 2015 1:36am Dec 3, 2015 1:36am
Quoting Pokerkid7174
Lol, good data and down she goes
I'll point to the obvious and let you draw your own conclusions.
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  • #421,635
  • Dec 3, 2015 1:42am Dec 3, 2015 1:42am
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  • #421,636
  • Dec 3, 2015 1:44am Dec 3, 2015 1:44am
Hi Dano12

What is your graph showing? Are we going to see a break of 1.4950?
  • #421,637
  • Edited 2:22am Dec 3, 2015 2:03am | Edited 2:22am
Quoting alz
Hi Dano12 What is your graph showing? Are we going to see a break of 1.4950?
if break 1,4956
you should see the zigzag correction if break 1,4956
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  • #421,638
  • Dec 3, 2015 2:31am Dec 3, 2015 2:31am
Thanks Dano.
  • #421,639
  • Dec 3, 2015 5:28am Dec 3, 2015 5:28am
GBP abc done
  • #421,640
  • Dec 3, 2015 5:57am Dec 3, 2015 5:57am
Quoting tashkent
started buying. 3 longs at this moment. {image}
closed the longs at 5034
As Above, So Below
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