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Cable Update (GBPUSD)

  • #428,541
  • Apr 15, 2016 5:25pm Apr 15, 2016 5:25pm
Quoting Ill-b-back
EU daily hinting at support on the weekly breakout retest
This is what I mean
retesting monthly support and 1st monthly close in March above 23.6 fib
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Come with me if you want to live....
  • #428,542
  • Apr 15, 2016 5:48pm Apr 15, 2016 5:48pm
Quoting She1
{quote} "cut loosers fast and let the winning trades run" i did exactly that in this week, and i lost a lot! i used to trade with no stops, may be that was better...
Very sad, did you make pips from the cad trade demonstrated at least , that had a return of over 300 pips.
  • #428,543
  • Apr 15, 2016 5:55pm Apr 15, 2016 5:55pm
Quoting Don96
I wonder if we have 1.3962x next, if 1.4233x holds, its got a shot.. I'm probably wrong​
coincidence target 2 for this lies almost dead on the bottom :/ 1.383x
  • #428,544
  • Apr 15, 2016 5:57pm Apr 15, 2016 5:57pm
Quoting Makavell
{quote} Call me crazy but im revising my target for GU from 1.3400 to 1.3000 if 1.4256 is not breached and we revisit 1.4105 as is currently. already in from 1.4250
id have to see 1.4570-1.4620 before these... how did you get them?​
  • #428,545
  • Apr 15, 2016 11:59pm Apr 15, 2016 11:59pm
Quoting Pip-Miner
{quote} Very sad, did you make pips from the cad trade demonstrated at least , that had a return of over 300 pips.
I was trading gu and it was almost sideway past week
  • #428,546
  • Apr 16, 2016 1:54am Apr 16, 2016 1:54am
upgrading my target north on GBPUSD to 4520 this month. There is definately resistance to clear on the way, including MP and QP, however my revised take upon checking the volume data is that we have pretty strong volume build up on the bull side and a clear sequence of higher lows to support the move to 4460 and ultimately to 4520.

Does that mean that 3960 is unrealistic on downside? No. We do 4460-4520 first then we will flip short and reach 3940-80 early May.

Right now clear shift to bull mode, once we clear MP and close above bull will gain momentum.

PS: also the current low in GU in April is 4000 +-10 points. AMR is 550 points last 8 months averaged. This gives a projection of the high @ 4550. fyi.
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  • #428,547
  • Apr 16, 2016 3:10am Apr 16, 2016 3:10am
bull engulfer GBPCHF weekly @ psych level, this is a strong reversal signal. strong signal for GU also.
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  • #428,548
  • Apr 16, 2016 3:52am Apr 16, 2016 3:52am
Quoting Bones
eu has a real problem to break res from that location,and def not upper res high of wick anytime soon {image}
Nice chart, Bones.

Very clean; what's not to like?

Happy weekend all.
  • #428,549
  • Edited 4:45am Apr 16, 2016 4:28am | Edited 4:45am
7 day is a better looking chart to me its closed ,,careful of res going into week ,


Quoting asgcorp
bull engulfer GBPCHF weekly @ psych level, this is a strong reversal signal. strong signal for GU also. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,550
  • Apr 16, 2016 4:36am Apr 16, 2016 4:36am
beat me too it
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #428,551
  • Apr 16, 2016 4:50am Apr 16, 2016 4:50am
that's all valid still you are missing that price on weekly engulfed bearish candle @ 50% of A to B.

bottomline: do whatever works best for you. ))) I went long with a tight stop @ 4170.
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  • #428,552
  • Edited 6:28am Apr 16, 2016 4:51am | Edited 6:28am
downward channel is a common feature of the £
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,553
  • Apr 16, 2016 4:54am Apr 16, 2016 4:54am
also can't really argue the rejection on EUR USD weekly chart @ 1460 that's a pretty heavy 3 top formation.
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  • #428,554
  • Apr 16, 2016 4:56am Apr 16, 2016 4:56am
one way GBP USD strength could be manifested is not necessarily through USD weakness, it could be euro weakness - euro down - EUR GBP down - USD CHF up - GBP CHF up - GBP USD up via EG going down and GCHF going up.
  • #428,555
  • Apr 16, 2016 5:00am Apr 16, 2016 5:00am
Quoting Bones
downward channel is a common feature of the {image}
that's true but still only to some extent. 193 - 117 = 76 / 2 = 38 then 193 - 38 = 155. we are exactly @ 50%.
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  • #428,556
  • Apr 16, 2016 5:06am Apr 16, 2016 5:06am
supplementary to the above daily correlations atm on GBPUSD
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  • #428,557
  • Edited 5:40am Apr 16, 2016 5:11am | Edited 5:40am
gbp jpy is clearer its def bearish ,that monthly has failed ,its purpose is to test res unless res goes
this is super high risk doji ,I think all I'm saying is you need a confirm of that weekly as the previous have failed with equal solid pa w1 ,essentially lower tf move to tl


Quoting asgcorp
{quote} that's true but still only to some extent. 193 - 117 = 76 / 2 = 38 then 193 - 38 = 155. we are exactly @ 50%. {image}
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #428,558
  • Apr 16, 2016 5:13am Apr 16, 2016 5:13am
dejavu 2015 GBP USD.
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  • #428,559
  • Apr 16, 2016 7:31am Apr 16, 2016 7:31am
Quoting Bones
gbp jpy is clearer its def bearish ,that monthly has failed ,its purpose is to test res unless res goes this is super high risk doji ,I think all I'm saying is you need a confirm of that weekly as the previous have failed with equal solid pa w1 ,essentially lower tf move to tl {quote} {image} {image} {image} {image}
Hey Bones,
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #428,560
  • Apr 16, 2016 8:26am Apr 16, 2016 8:26am
hi guys

is there any idea for GU for mondey? up or down?
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