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Cable Update (GBPUSD)

  • #424,881
  • Feb 22, 2016 3:34am Feb 22, 2016 3:34am
Quoting Blackopal
{quote} If you listen closely enough you can usually find the answer to your questions without asking.
Usually is not the same as always
  • #424,882
  • Feb 22, 2016 3:38am Feb 22, 2016 3:38am
Quoting dragon88
this gap wont be filled, shorts on pullbacks is the better trade
  • #424,883
  • Feb 22, 2016 3:40am Feb 22, 2016 3:40am
Quoting dean1star
{quote} Usually is not the same as always

True. I probably do things the hard way too often. Sometimes a slower way to learn, but the lesson sticks better.
  • #424,884
  • Feb 22, 2016 3:43am Feb 22, 2016 3:43am
going long here at 1.4123
  • #424,885
  • Feb 22, 2016 3:43am Feb 22, 2016 3:43am
Quoting Blackopal
{quote} True. I probably do things the hard way too often. Sometimes a slower way to learn, but the lesson sticks better.
Well said ..
  • #424,886
  • Feb 22, 2016 3:59am Feb 22, 2016 3:59am
I can see a hammer on the 5 min chart - is this the signal to trade? Or is this too small of an indicator on the 5 min chart?
  • #424,887
  • Feb 22, 2016 3:59am Feb 22, 2016 3:59am
Quoting profx
going long here at 1.4123
sl = 1.4085, tp = 1.4159
  • #424,888
  • Feb 22, 2016 4:02am Feb 22, 2016 4:02am
Have a look on monthly candle it looks like says that will drop more and more and furher and further. And I think it is more possible because of month last trading week.
  • #424,889
  • Feb 22, 2016 4:04am Feb 22, 2016 4:04am
Quoting profx
{quote} sl = 1.4085, tp = 1.4159
sl =1.4083
  • #424,890
  • Edited 4:42am Feb 22, 2016 4:09am | Edited 4:42am
#GBPUSD That is why you can't rush into position long on pound just because PA was bullish on Friday..... you have to have rules.
So I waited for PA to confirm, and to our surprise you can see the Sunday open how Neg it was..... plus below the 2x1 = Bears have control,
Now will pound do a 2x bottom and then trend higher, or crack the 1-21-16 low 1.4079 and continue downward..... we shall see
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2-22-16.png Size: 64 KB
"W. D. Gann said that time is the most important factor among all things."
  • #424,891
  • Feb 22, 2016 4:14am Feb 22, 2016 4:14am
Quoting USDollar
#GBPUSD That is why you can't rush into position long on pound just because PA was bullish on Friday..... you have to have rules. So I waited for PA to confirm, and to our surprise you can see the Sunday open how Neg it was..... plus below the 2x1 = Bears have control Now will pound do a 2x bottom and then trend higher, or crack the 1-21-16 low 1.4079 and continue downward..... we shall see {image}

that low at 140 790 thats the question if they break it still a good position to play from ..
  • #424,892
  • Feb 22, 2016 4:18am Feb 22, 2016 4:18am
Had my lesson today, jump too quick and put 2 long position lose more than 100 pips in less than 2 hour
Letting losses run is the most serious mistake made by most investors.
  • #424,893
  • Feb 22, 2016 4:19am Feb 22, 2016 4:19am
Do not trade against trend by tying to catch the upward trend, there is still no evidence and confirmations of trend reverse, so stay aside or enter on short with careful on retraces.
  • #424,894
  • Feb 22, 2016 4:20am Feb 22, 2016 4:20am
Quoting amonshi
Had my lesson today, jump too quick and put 2 long position lose more than 100 pips in less than 2 hour
Feel for you hope they were small lots .. looking to buy back just dont have the signal yet
  • #424,895
  • Feb 22, 2016 4:20am Feb 22, 2016 4:20am
Quoting dean1star
{quote} that low at 140 790 thats the question if they break it still a good position to play from ..
Deano, typical if this bastard doesn't get through 1.41000 and retraces, also moved my SL on my other two shorts way too tight :'(​
Attached Image (click to enlarge)
Click to Enlarge Name: LOL at GBP.png Size: 29 KB
  • #424,896
  • Feb 22, 2016 4:25am Feb 22, 2016 4:25am
Bulls needed !! You can go and hide under 1.4079 I’m quite sure its perfectly safe.
Attached Image (click to enlarge)
Click to Enlarge Name: all_good.png Size: 23 KB
  • #424,897
  • Feb 22, 2016 4:34am Feb 22, 2016 4:34am
Quoting Don96
{quote} Deano, typical if this bastard doesn't get through 1.41000 and retraces, also moved my SL on my other two shorts way too tight :'(​ {image}
For sure Don but you know you got more chance of it making it back through if it does break -
  • #424,898
  • Feb 22, 2016 4:40am Feb 22, 2016 4:40am
Quoting profx
{quote} sl =1.4083
quick -50 pips
  • #424,899
  • Feb 22, 2016 5:03am Feb 22, 2016 5:03am
#GBPUSD moment of truth will it continue or base out and trend higher......
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2-22-16.png Size: 27 KB
"W. D. Gann said that time is the most important factor among all things."
  • #424,900
  • Feb 22, 2016 5:06am Feb 22, 2016 5:06am
buy limit 1.4035, sl = 1.4015, tp = 1.4095, expires in 1hr
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