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Cable Update (GBPUSD)

  • #422,101
  • Jan 11, 2016 5:44pm Jan 11, 2016 5:44pm
Last night at 14393 was the bottom. Trend is now turning up.
  • #422,102
  • Jan 11, 2016 8:12pm Jan 11, 2016 8:12pm
Hello.

What yall think the target for the cable?

I guess the price will test the the minimal price of may-jun 2010.
  • #422,103
  • Jan 11, 2016 8:51pm Jan 11, 2016 8:51pm
The GBPUSD stays consolidated between the 1.4500 as support and the 1.4600 as resistance. The bearish trend is still and place and the pair may continue dropping to the 1.4400 level.
  • #422,104
  • Jan 11, 2016 9:48pm Jan 11, 2016 9:48pm
my plan for GBP/USD Today 12/01/2016
Attached Image
#Trade what you see and not what your think
  • #422,105
  • Jan 12, 2016 2:38am Jan 12, 2016 2:38am
Quoting openyoureyes
{quote} which one? no news + no data release = low volume ... PA reversal = no breakout {image}
The colour full dots and stars on your chart sir..
  • #422,106
  • Jan 12, 2016 5:02am Jan 12, 2016 5:02am
support on week
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_W.gif Size: 239 KB
  • #422,107
  • Jan 12, 2016 5:06am Jan 12, 2016 5:06am
It missed daily pivot 1.4560 by 1.4 pips and entry by 0.4
  • #422,108
  • Jan 12, 2016 5:13am Jan 12, 2016 5:13am
My target is 1.4277 ....
Position sizing, risk & phycology management are real definition of trading
  • #422,109
  • Jan 12, 2016 5:25am Jan 12, 2016 5:25am
Bad data from UK has caused a big sell off
TE started 6/4/19
  • #422,110
  • Jan 12, 2016 5:30am Jan 12, 2016 5:30am
I think it might even reach 1.4250.
  • #422,111
  • Jan 12, 2016 5:45am Jan 12, 2016 5:45am
today done.
Attached Image (click to enlarge)
Click to Enlarge Name: done 12.png Size: 13 KB
#Trade what you see and not what your think
  • #422,112
  • Jan 12, 2016 6:18am Jan 12, 2016 6:18am
4H support at around 1.4413 hit 1.4415 before bouncing 10 pips, break could see 1.4380 - tp 1.4385-all im interested in
  • #422,113
  • Jan 12, 2016 6:37am Jan 12, 2016 6:37am
let's see what's gonna happen at 1.4340
  • #422,114
  • Jan 12, 2016 6:43am Jan 12, 2016 6:43am
buying at 4415 sl 4389 tp 4500 lets dance
  • #422,115
  • Jan 12, 2016 7:36am Jan 12, 2016 7:36am
Long at 1.4418
Focus.
  • #422,116
  • Jan 12, 2016 7:55am Jan 12, 2016 7:55am
Quoting Marco-Kanto
Long at 1.4418
Carney up soon , definitely wiggle room to the upside one would think.
  • #422,117
  • Jan 12, 2016 8:09am Jan 12, 2016 8:09am
Quoting digger1
{quote} Carney up soon , definitely wiggle room to the upside one would think.
I'd forgotten about Carney!! Should I hold.... hmmmm
Focus.
  • #422,118
  • Jan 12, 2016 8:10am Jan 12, 2016 8:10am
Lowest since 2010...
  • #422,119
  • Jan 12, 2016 8:12am Jan 12, 2016 8:12am
Quoting Marco-Kanto
{quote} I'd forgotten about Carney!! Should I hold.... hmmmm
Close out, you must be 12 or so pips up and thats better than 1% down so :/ but up to you of course
  • #422,120
  • Jan 12, 2016 8:13am Jan 12, 2016 8:13am
Quoting Don96
{quote} Close out, you must be 12 or so pips up and thats better than 1% down so :/ but up to you of course
Sound advice. Closed.

My initial thoughts were that Carney will have spent all morning having his speech rewritten to force some strength into sterling after this mornings tumble. I took the safe option. We'll see.
Focus.
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