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Cable Update (GBPUSD)

  • #427,161
  • Apr 1, 2016 8:49am Apr 1, 2016 8:49am
Sorry Don96, didn't mean to offend anyone, just giving a different perspective on trading. Say the word, and I won't post again
  • #427,162
  • Apr 1, 2016 8:52am Apr 1, 2016 8:52am
Quoting nealpek
Sorry Don96, didn't mean to offend anyone, just giving a different perspective on trading. Say the word, and I won't post again
eh? I wasn't having a go at you at all buddy...
  • #427,163
  • Apr 1, 2016 8:54am Apr 1, 2016 8:54am
Sorry for the confusion, thought it was directed at me...Happy trading!
  • #427,164
  • Apr 1, 2016 8:57am Apr 1, 2016 8:57am
Because its Friday(don't like keeping positions over weekend, I am moving target to first area. Maybe gets there today! We'll see...
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  • #427,165
  • Apr 1, 2016 8:58am Apr 1, 2016 8:58am
I still have shorts open and my target is at 1.4120, although I think it might reach 1.4100.
  • #427,166
  • Apr 1, 2016 9:01am Apr 1, 2016 9:01am
looking for a possible entry at zone below
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persistence and determination alone are omnipotent
  • #427,167
  • Apr 1, 2016 9:02am Apr 1, 2016 9:02am
Stops are contained in an area, not just 1 single number. If it gets close to your "area", don't be greedy, bank your profits. There will always be another trade..
Boy it looks hungry to fall!!
  • #427,168
  • Apr 1, 2016 9:05am Apr 1, 2016 9:05am
Wouldn't think of entering long until that 1.4120 clump is swept. Plus the bigger fish below at the 1.4050 level. Be careful!!
  • #427,169
  • Apr 1, 2016 9:08am Apr 1, 2016 9:08am
Quoting nealpek
Wouldn't think of entering long until that 1.4120 clump is swept. Plus the bigger fish below at the 1.4050 level. Be careful!!
I​ think every one is looking for that 1.4050 level to be tested before longs, some a little earlier, I just think they may require, or would be sensible to have stops large enough to cover this... I posted the levels I'm waiting for sometime last week
  • #427,170
  • Apr 1, 2016 9:09am Apr 1, 2016 9:09am
might get there today...
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  • #427,171
  • Apr 1, 2016 9:16am Apr 1, 2016 9:16am
The "money" has no problem absorbing all that is down there at the 1.4050. My short bias will change only after this level is completely swept and surpassed. Then I would be looking for a change in direction...
  • #427,172
  • Apr 1, 2016 9:22am Apr 1, 2016 9:22am
consolidation before continuing south 1.4200 area now become strong resistance, after buyers coming, it will going down again
  • #427,173
  • Apr 1, 2016 9:33am Apr 1, 2016 9:33am
If I was thoroughly greedy, I would "sweep or cleanup" until the 1.3905ish clump below and to the left. But that's just me
  • #427,174
  • Apr 1, 2016 9:35am Apr 1, 2016 9:35am
we have possibility weekly candle will be close as bearish candle. perfect sign for bear..., 1.4000 next week, let see
  • #427,175
  • Apr 1, 2016 9:39am Apr 1, 2016 9:39am
Quoting traderblah
The head of head & shoulders pattern 18 March was the top of an ABC correction followed by wave 1 down and wave 2 up. The wave 3 down had completed 3 waves hitting Ichimoku spanb52 on the 4 hour chart. The wave 4 up completed at Ichimoku spanb52 on the 1 hour chart. Looking for 14180 span a26 to complete wave 5 within the much larger wave 3 with eventual target 13812. Reaching bottom of the 20 year h&s a bounce perhaps but possibly down to 70 cents
Maybe a bit lower to 14165 before small correction and then continuing to 13812
  • #427,176
  • Edited 9:59am Apr 1, 2016 9:48am | Edited 9:59am
short at 1.4192 resistance zone..., SL = 1.4225
  • #427,177
  • Apr 1, 2016 10:17am Apr 1, 2016 10:17am
Heavy volume in the last hours from futures chart. Most of the stops from the previous volume is tucked into the 1.4120ish area, which is why it makes a good short term target.
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  • #427,178
  • Apr 1, 2016 10:41am Apr 1, 2016 10:41am
Hope you all enjoyed my somewhat different way of trading the markets. Seems completely illogical and retarded, but I have found it to be most reliable.
Nice weekend everyone!
  • #427,179
  • Apr 1, 2016 11:24am Apr 1, 2016 11:24am
Short term view - sell opportunity with Head&Shoulders * always use aggresive risk management*

1.37 minimum target where profit from covering action should be locked :

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Money moves the market, not an indicator.
  • #427,180
  • Apr 1, 2016 11:30am Apr 1, 2016 11:30am
Here is my view and how I am gonna play it:

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