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Cable Update (GBPUSD)

  • #425,821
  • Mar 6, 2016 7:36am Mar 6, 2016 7:36am
I am not huge MA fan but do like 34Ma for trend direction.
Notice GU did not break 34 yet and so far down trend is closely followed by 34MA
I am hands free for now.Like to see test of lows for long position building.
40-39 would be nice
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In trading, you have to be defensive and aggressive at the same time
  • #425,822
  • Mar 6, 2016 7:39am Mar 6, 2016 7:39am
longer shot daily.Put boxes where bounces occurred and they occurred consistently.
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In trading, you have to be defensive and aggressive at the same time
  • #425,823
  • Mar 6, 2016 7:45am Mar 6, 2016 7:45am
Quoting Davit
longer shot daily.Put boxes where bounces occurred and they occurred consistently.
Davit, thanks for a clean review on D1 chart. On your chart below TDI notice divergence to confirm 3850 as a mid-term bottom on GU.
  • #425,824
  • Mar 6, 2016 8:04am Mar 6, 2016 8:04am
Quoting asgcorp
{quote} Davit, thanks for a clean review on D1 chart. On your chart below TDI notice divergence to confirm 3850 as a mid-term bottom on GU.
Thanks A
USD is still strong.Job report was very good and only negative was wage growth but seriously we have been stagnate on wage increase since 1965
That was overreaction.Look
Having said above markets are driven by emotions and sentiment dominates.If USD bulls take control again DT will continue since Brexit is still a factor.
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In trading, you have to be defensive and aggressive at the same time
  • #425,825
  • Mar 6, 2016 8:19am Mar 6, 2016 8:19am
Davit you are absolutely right here, USD bulls are still waiting for a right moment, in fact a bullish flag pattern on D1 clearly seen.
Having said that wti/brent also seem to be breaking out / possible change of trend. which could support GU bulls. So it's kinda mixed right now.
  • #425,826
  • Mar 6, 2016 8:24am Mar 6, 2016 8:24am
Quoting asgcorp
Davit you are absolutely right here, USD bulls are still waiting for a right moment, in fact a bullish flag pattern on D1 clearly seen. Having said that wti/brent also seem to be breaking out / possible change of trend. which could support GU bulls. So it's kinda mixed right now.
When I say USD bulls it means Price go lower.They sell GU.Just to clarify.
In trading, you have to be defensive and aggressive at the same time
  • #425,827
  • Mar 6, 2016 8:47am Mar 6, 2016 8:47am
1.4355-1.4405 will be the bounce back, close the gap before going down. Or maybe I can be wrong.
  • #425,828
  • Mar 6, 2016 9:12am Mar 6, 2016 9:12am
Davit, overall, imo, we got a potential shark pattern setup in play on GU. ))) Let's wait and see what happens next.
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  • #425,829
  • Mar 6, 2016 9:27am Mar 6, 2016 9:27am
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  • #425,830
  • Mar 6, 2016 10:40am Mar 6, 2016 10:40am
on a side note did you guys see diaz choke out mcgregor in UFC? Very unpredictable outcome.
  • #425,831
  • Mar 6, 2016 10:53am Mar 6, 2016 10:53am
The BoE made no changes at last months policy meeting and economic projections, point to no rate rises until 2017. The BoE predict that inflation which is currently below zero, would only move above 2 percent in two years' time. Rates have already moved up in the US and look set to rise further, while rate rises in the UK are over a year away. In addition, the fears over UK exit from euro zone will continue to see it capped on any rallies back to resistance.
  • #425,832
  • Mar 6, 2016 10:58am Mar 6, 2016 10:58am
no comment
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  • #425,833
  • Mar 6, 2016 11:18am Mar 6, 2016 11:18am
Quoting Motiv8
1.4355-1.4405 will be the bounce back, close the gap before going down. Or maybe I can be wrong.
Agreed As Market always tries to fill the Gap on first hand!!!11
  • #425,834
  • Edited 12:51pm Mar 6, 2016 12:15pm | Edited 12:51pm
I like your thought process ,tho could be these 2 set ups are not equal,seems really odd situ

Quoting asgcorp
no comment {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #425,835
  • Mar 6, 2016 1:05pm Mar 6, 2016 1:05pm
tradingview got some nice clean chart on GU, see this one here. It's good to know that some traders are not blind at least.

https://www.tradingview.com/chart/GB...chart-pattern/
  • #425,836
  • Mar 6, 2016 1:16pm Mar 6, 2016 1:16pm
Quoting asgcorp
on a side note did you guys see diaz choke out mcgregor in UFC? Very unpredictable outcome.
​what a result, that jumped up little shit got what he needed
  • #425,837
  • Mar 6, 2016 1:20pm Mar 6, 2016 1:20pm
Quoting jsk3010
{quote} ​what a result, that jumped up little shit got what he needed
whos' the little shit? I think McGregor is a great fighter, but he got his guard down, pretty much Diaz does look out of shape, still 25 pounds did eventually overpower McGregor, Diaz still got hammered also, his face looking more like a ribeye steak.
  • #425,838
  • Mar 6, 2016 1:26pm Mar 6, 2016 1:26pm
he is a great fighter, his success has gone to his head though. maybe out of shape but still does triathlons for fun.​
  • #425,839
  • Mar 6, 2016 1:30pm Mar 6, 2016 1:30pm
Quoting jsk3010
he is a great fighter, his success has gone to his head though. maybe out of shape but still does triathlons for fun.​
agreed completely here, mcgregor is wearing a 100K+ audemars piguet watch, which is kinda running on thin ice. Needs to get a seiko/casio watch then maybe his winning streak can improve.
  • #425,840
  • Mar 6, 2016 1:34pm Mar 6, 2016 1:34pm
4217 open bounce from support and fill a lets say 10 pip gap then onto the gap from last week .? Howzat
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