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Cable Update (GBPUSD)

  • #426,641
  • Mar 24, 2016 6:33am Mar 24, 2016 6:33am
potential EW count on GU with targets.
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  • #426,642
  • Mar 24, 2016 6:44am Mar 24, 2016 6:44am
daily double top pattern on EURUSD another reason why I took EURGBP short. Too much excitement around EUR USD going to 1.2 I figure it's still locked in range and going to 1.08
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  • #426,643
  • Mar 24, 2016 6:48am Mar 24, 2016 6:48am
pivot point rejection on H1
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persistence and determination alone are omnipotent
  • #426,644
  • Mar 24, 2016 6:53am Mar 24, 2016 6:53am
Investors have bet more than £11 billion on Brexit crushing the pound
  • #426,645
  • Mar 24, 2016 6:58am Mar 24, 2016 6:58am
Quoting sameerbiz
made the biggest mistake listen to some peoples i closed my 3 lots long position and was waiting to go down 3960 but it went up like i wanted i wished i never listen to peoples
Do your own analysis, people share ideas here only and follow those ideas you're convinced with

If you listen to people, like professionals (expected to know more than us regular traders) last week there was a report about possible cable rally in thin markets and easter but the opposite completely has happened. Yea, listen to people but apply your own logic and see if it agree.
  • #426,646
  • Mar 24, 2016 6:58am Mar 24, 2016 6:58am
What will be the result of US final GDP in GU ? This news will release tomarrow , Friday
  • #426,647
  • Mar 24, 2016 6:59am Mar 24, 2016 6:59am
Quoting midouch
{quote} Do your own analysis, people share ideas here only and follow those ideas you're convinced with If you listen to people, like professionals (expected to know more than us regular traders) last week there was a report about possible cable rally in thin markets and easter but the opposite completely has happened. Yea, listen to people but apply your own logic and see if it agree.
+++
  • #426,648
  • Mar 24, 2016 7:01am Mar 24, 2016 7:01am
For instance I waited for this trade (EURGBP short) the whole week, was pissed off I didn't catch the move down on GBP USD, now I'm a happy camper. You have to stick to your own gameplan.
  • #426,649
  • Mar 24, 2016 7:44am Mar 24, 2016 7:44am
Hi Friends,

Looks like it will Rebound and break the M Pivot to the upside.

Your Views
  • #426,650
  • Mar 24, 2016 8:54am Mar 24, 2016 8:54am
no clear indication of long yet, might have given previous day retracement
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #426,651
  • Mar 24, 2016 8:58am Mar 24, 2016 8:58am
fucked up day today. go up go down what a time waster.
  • #426,652
  • Mar 24, 2016 9:01am Mar 24, 2016 9:01am
#GBPUSD Short 1.4136 / SL 1.4172 / c 1.3960 my longs have not been working out.... only could mean one thing Im on the wrong side lol..

1.3960 is my Target to the downside let see how it pans out
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"W. D. Gann said that time is the most important factor among all things."
  • #426,653
  • Mar 24, 2016 9:03am Mar 24, 2016 9:03am
Quoting asgcorp
fucked up day today. go up go down what a time waster.
thats what market is all about, it wont go as per ur wish each time
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #426,654
  • Mar 24, 2016 9:06am Mar 24, 2016 9:06am
Quoting Tpak
{quote} thats what market is all about, it wont go as per ur wish each time
yeah yeah that's true come back tmrw see what up no big deal
  • #426,655
  • Edited Mar 25, 2016 3:35am Mar 24, 2016 9:11am | Edited Mar 25, 2016 3:35am
GBP/USD Outlook Update 24/03/2016

EMA 5 crossed SMA 8, H4 candle closed.

  1. Trend D (EMA 200) - DOWN
  2. Speed D (EMA 55 / EMA 21) - DOWN
  3. Momentum D (SMA 8/EMA 5) - DOWN
  4. Momentum H4 (SMA 8/EMA 5) - UP

  1. Bias D/H4 (EMA 55/21, High and Low, Trendline) - LONG
  2. Entry H4 (SMA 8/EMA 5, RSI) - BUY

Also I am looking at an inverted hammer on the H4 which could indicate a reversal.
Not expecting a lot more movement for the day. Possible doji forming on the D chart, or even better a hanging man which would signal a reversal.
Hopefully "Good Friday" tomorrow and in the pips!

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What's that smell? ---- I smell money!
  • #426,656
  • Mar 24, 2016 9:13am Mar 24, 2016 9:13am
Quoting USDollar
#GBPUSD Short 1.4136 / SL 1.4172 / c 1.3960 my longs have not been working out.... only could mean one thing Im on the wrong side lol.. 1.3960 is my Target to the downside let see how it pans out {image}
wow almost same position
I'm short @1.41346 [email protected] [email protected]
Don't trust me. I'm still newbie
  • #426,657
  • Mar 24, 2016 9:13am Mar 24, 2016 9:13am
short on pound dollar letting second trade run from 141 345

scalped and closed first trade for 20 pips -

markets seem in tight movement mode today -

staying short one last trade pound dollar 140 500 target
  • #426,658
  • Mar 24, 2016 9:19am Mar 24, 2016 9:19am
lacklustre start to the US session probably not helping things, dows moved little since opening, maybe because of Easter?
Don't Leave Money on the Table
  • #426,659
  • Mar 24, 2016 9:22am Mar 24, 2016 9:22am
Quoting dean1star
short on pound dollar letting second trade run from 141 345 scalped and closed first trade for 20 pips - markets seem in tight movement mode today - staying short one last trade pound dollar 140 500 target
exactly tight as hell. Tmrw also banking holidays. Come back here on Monday.

Overall looks like the move today north lacks followthrough, as someone pointed correctly previously we got rejected @ DP today. So probably still go more south, looking @ 3960 as support and see if pound can (finally) catch some bid there. Until then.
  • #426,660
  • Mar 24, 2016 9:23am Mar 24, 2016 9:23am
took a long EURUSD anticipating on break trendline

support:
fib 38.2
pp D S1
trendline

risking +/-22 pips
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persistence and determination alone are omnipotent
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