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Cable Update (GBPUSD)

  • #425,301
  • Feb 25, 2016 3:22am Feb 25, 2016 3:22am
Quoting Ll1979
{quote} buy low (1,3900 area) sell high or play the possible break of 1,3877 (still thinking there is room for a dive to monthly support 1,3683) R:R ratios at these levels are decent
yeh u got that same feeling it aint over on the down trend yet .. seems like more algo programs buying rather than buyers coming in ..
  • #425,302
  • Feb 25, 2016 3:23am Feb 25, 2016 3:23am
GDP will set the tone
  • #425,303
  • Feb 25, 2016 3:25am Feb 25, 2016 3:25am
long gbpchf
  • #425,304
  • Feb 25, 2016 3:31am Feb 25, 2016 3:31am
Quoting dean1star
{quote} closed early on a loss - shame on me - still 800 pips up on the month - combo of euro and pound on the dollar - double my target so no complaints .. wise to wait till after the gdp for UK thats if there is any gdp left lol ..
Not bad 800 pips, I did 200 yesterday and closed out shorts early on GBP/USD, U/J I had a tp at 111.050 and look at the low of yesterday LMAOO. Gold messed me around a bit yesterday :s and yeah but it might come out good just to pull this thing up a bit
  • #425,305
  • Feb 25, 2016 3:31am Feb 25, 2016 3:31am
Quoting goldfinger
long gbpchf
GDP is as expected but Prelim Business Investment q/q is very bad. I'm not convinced that a bottom has formed just yet.
Of course I'm biased with my short GBPCHF at + 300 pips with my short
  • #425,306
  • Feb 25, 2016 3:34am Feb 25, 2016 3:34am
and on that note, could be looking at that consolidating low from 00 to 77
  • #425,307
  • Feb 25, 2016 3:40am Feb 25, 2016 3:40am
Quoting dean1star
{quote} yeh u got that same feeling it aint over on the down trend yet .. seems like more algo programs buying rather than buyers coming in ..
only i wish i had a pending order on 1,3900 a walk to the fridge and the moment is gone
persistence and determination alone are omnipotent
  • #425,308
  • Feb 25, 2016 3:42am Feb 25, 2016 3:42am
Doubt ill be in until after the US news at 1.30 UK time, choppy until then, might see that 1.3960 level again before then
  • #425,309
  • Feb 25, 2016 3:46am Feb 25, 2016 3:46am
gbpchf needs break 1.3850 then easy 50 pips break of 1.3920 would be hard but good upside.
  • #425,310
  • Feb 25, 2016 4:15am Feb 25, 2016 4:15am
Very interesting article and one of my reasons to buy gold instead of trading uk stocks or GBP against other pairs. please read



https://www.bullionvault.com/gold-ne...exit-022220162
Attached Image
  • #425,311
  • Feb 25, 2016 4:24am Feb 25, 2016 4:24am
Quoting dean1star
{quote} yeh u got that same feeling it aint over on the down trend yet .. seems like more algo programs buying rather than buyers coming in ..
Asia session low showing up - I didn't take either though
  • #425,312
  • Feb 25, 2016 5:23am Feb 25, 2016 5:23am
Quoting Ill-b-back
anyone else seeing 4065 next or am I jumping the gun here
I am watching the channel, morning session is too quiet, waiting for next session to see if there's any sign of breaking up, plus US new might be the fuel.

Weekly if we retrace the current candle, then the area around 4065 will be first target.
Attached Image(s) (click to enlarge)
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  • #425,313
  • Feb 25, 2016 5:33am Feb 25, 2016 5:33am
H4 view
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #425,314
  • Feb 25, 2016 5:53am Feb 25, 2016 5:53am
Quoting Don96
{quote} Not bad 800 pips, I did 200 yesterday and closed out shorts early on GBP/USD, U/J I had a tp at 111.050 and look at the low of yesterday LMAOO. Gold messed me around a bit yesterday :s and yeah but it might come out good just to pull this thing up a bit
Nice one
making pips and then keeping em hey - two totally different things lol
  • #425,315
  • Feb 25, 2016 5:54am Feb 25, 2016 5:54am
Quoting Ll1979
H4 view {image}
Bet that lows going to be re tested ..
  • #425,316
  • Feb 25, 2016 5:58am Feb 25, 2016 5:58am
Quoting dean1star
{quote} Bet that lows going to be re tested ..
but the question remains when
persistence and determination alone are omnipotent
  • #425,317
  • Feb 25, 2016 5:59am Feb 25, 2016 5:59am
Quoting USDollar
{quote} 24th is here and what a day...... lets see how the pound PA starts the next candle
Good morning , I am a new here and I was following ur analysis for GU , you are very good , and I want ask you to help me to exit my long position in GBPUSD long time ago with a huge loss , could u help me to trade this position sell/buy to reduce my loss.
thank you
  • #425,318
  • Feb 25, 2016 6:07am Feb 25, 2016 6:07am
Quoting dean1star
{quote} Bet that lows going to be re tested ..
I hope so, have a short position from 1.3960​
Letting losses run is the most serious mistake made by most investors.
  • #425,319
  • Feb 25, 2016 6:10am Feb 25, 2016 6:10am
Quoting amonshi
{quote} I hope so, have a short position from 1.3960​
The pair might retrace back to 1.4000 but the bearish trend is still valid, I don't see why it wouldn't start falling again afterward.
  • #425,320
  • Feb 25, 2016 6:12am Feb 25, 2016 6:12am
quick scalp should have stayed in it longer
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
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