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Cable Update (GBPUSD)

  • #426,021
  • Mar 10, 2016 12:46am Mar 10, 2016 12:46am
Quoting tuty1311
{quote} good morning , did you long now
not yet no - waiting to go long - waiting for the currency to break 142 and lower then looking for a buy position.
  • #426,022
  • Mar 10, 2016 12:48am Mar 10, 2016 12:48am
Quoting dean1star
{quote} not yet no - waiting to go long - waiting for the currency to break 142 and lower then looking for a buy position.
what is the entry point you are looking for? , thanks
  • #426,023
  • Edited 1:24am Mar 10, 2016 1:09am | Edited 1:24am
Good morning all,

How does 1.4180 look to everyone, for a buy? Or are you expecting to be able to get in lower than that?

Happy Thursday.

EDIT - upon review of charts, I am unsure as to whether buying is the right thing to do right now (unless we get a present from Draghi), because my charts look like their heading down on technicals. Let's play the waiting game.
  • #426,024
  • Mar 10, 2016 1:40am Mar 10, 2016 1:40am
Quoting Luzbay
Good morning all, How does 1.4180 look to everyone, for a buy? Or are you expecting to be able to get in lower than that? Happy Thursday. EDIT - upon review of charts, I am unsure as to whether buying is the right thing to do right now (unless we get a present from Draghi), because my charts look like their heading down on technicals. Let's play the waiting game.
waiting for lower so 141 500 zone but looks like later on in the day if it goes ..but that could change in a few hours lets see
  • #426,025
  • Mar 10, 2016 1:45am Mar 10, 2016 1:45am
Quoting Kajos2250
{quote} GU H4 GMT+2 last used bearish belthold target reached, without trigger. left the pending there, later can be effective, as retest of YPS1. carry on the conservative entry for last bearis marubozu, sell limit .4061, invalidation close above ~4158. targeting ~3900... good luck! {image}
GU D1 GMT+2

last limit stopped, previous triggered.
it seems to me the bullish correction is approaching to the end by the inside bars.
prepareing for BO sell stop .4162, invalidation close above ~4285.
targeting ~.4000 first and maybe the YPS2~3712...

good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 48 KB
Anything is math!
  • #426,026
  • Mar 10, 2016 5:08am Mar 10, 2016 5:08am
Caught last nights sell closed at 141 995 - before the target at 141 900 (from 142 300)
missed this mornings long was waiting for it just was not in my radar zone so now waiting for a short - watching the high of asia to see if it gets taken out.
  • #426,027
  • Mar 10, 2016 5:20am Mar 10, 2016 5:20am
could be we have fib support with mini breakout retest
sidelined out to see what Draghi does

At times his speeches' really move this pair.

Other times it stands still while Euro goes apesh!t

off to bed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 30 KB
Click to Enlarge Name: GBPUSDH4.png Size: 36 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 26 KB
Come with me if you want to live....
  • #426,028
  • Mar 10, 2016 5:44am Mar 10, 2016 5:44am
Is cable working its way down?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFH4.png Size: 51 KB
  • #426,029
  • Mar 10, 2016 7:15am Mar 10, 2016 7:15am
Major support seems clearly broken, GBP may be down to 14137 if breaks that 14100
Failure is not failure if you learn from it...
  • #426,030
  • Mar 10, 2016 7:37am Mar 10, 2016 7:37am
Quoting Darkforce
Is cable working its way down? {image}
Watch 1.4117, for long, or short at break
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFH4.png Size: 52 KB
  • #426,031
  • Edited 8:39am Mar 10, 2016 8:26am | Edited 8:39am
days like these when u hang onto your hat and bang em hard (pips) ..
whatever happened to bulls and bears defending their positions and fighting back like crazy ..
let me introduce everyone to mr and mrs algo - rythmn - set to a range to confuse the hellout of you.
141 500 and buying em back
  • #426,032
  • Mar 10, 2016 8:40am Mar 10, 2016 8:40am
GBPUSD is still in the morning range, the news spike seems to be fakey, still waiting for the breakout.
  • #426,033
  • Mar 10, 2016 8:42am Mar 10, 2016 8:42am
Quoting Darkforce
GBPUSD is still in the morning range, the news spike seems to be fakey, still waiting for the breakout.
going for a short end of the day with a target which might bounce of the fibs around 141 500 - 141 200 area or in between
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-oanda-division4.png Size: 59 KB
  • #426,034
  • Mar 10, 2016 8:53am Mar 10, 2016 8:53am
Quoting dean1star
days like these when u hang onto your hat and bang em hard (pips) .. whatever happened to bulls and bears defending their positions and fighting back like crazy
They all flatlined...
Make your losses in demo. Earn your profits live.
  • #426,035
  • Mar 10, 2016 9:20am Mar 10, 2016 9:20am
Quoting Forexia
{quote} They all flatlined...
shorted at 143 position one of two
  • #426,036
  • Mar 10, 2016 9:42am Mar 10, 2016 9:42am
Quoting dean1star
{quote} shorted at 143 position one of two
your TP?
  • #426,037
  • Mar 10, 2016 9:55am Mar 10, 2016 9:55am
Quoting EinsWaltz
{quote} your TP?
142 is the target aim - stop loss in place.
  • #426,038
  • Mar 10, 2016 10:08am Mar 10, 2016 10:08am
What is your stop loss
Quoting dean1star
{quote} 142 is the target aim - stop loss in place.
  • #426,039
  • Mar 10, 2016 10:19am Mar 10, 2016 10:19am
Quoting dean1star
{quote} shorted at 143 position one of two
I have moved on from this cable that's going nowhere. After having lost 70 pips and paid about $100 just in commissions, I am done with this currency. It can rot in hell for all I care!!

Good luck with your trades! And watch out for the Brexit volatility if and when it happens in June.
Make your losses in demo. Earn your profits live.
  • #426,040
  • Mar 10, 2016 10:28am Mar 10, 2016 10:28am
Quoting dean1star
{quote} 142 is the target aim - stop loss in place.
4284 looks good support!!!
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