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Cable Update (GBPUSD)

  • #429,321
  • Apr 24, 2016 3:25pm Apr 24, 2016 3:25pm
Quoting Don96
{quote} I mean what is the link between EU and GU... if euro is weak it doesn't mean that pound is... GBP will rise regardless if it has strength, it doesn't require other currencies to be strong as well... mainly because it is only UK that uses GBP... Euro funder relies on a lot of countries and its stability is weaker... if that's what you mean by depends on EU
Currencies move depending countries business. When China down Eur is affected because they have strong relationship in business. Same with UK. UK get more profit of Europe than Europe of UK. If Europe go bad, UK is affected too. But all currencies have some range levels can go in opposite without break this rule...
Try don't lose pants never...
  • #429,322
  • Apr 24, 2016 3:26pm Apr 24, 2016 3:26pm
Quoting Don96
{quote} I may try 1.448xx
May, its Sunday and looks like it might get there right on open, stops will be tight and the worst that can happen is s/o... will see stops about 30p
  • #429,323
  • Apr 24, 2016 3:29pm Apr 24, 2016 3:29pm
Quoting braintheboss
{quote} Currencies move depending countries business. When China down Eur is affected because they have strong relationship in business. Same with UK. UK get more profit of Europe than Europe of UK. If Europe go bad, UK is affected too. But all currencies have some range levels can go in opposite without break this rule...
yeah I understand the concept of trade... but in terms of the price on the charts... they aren't directly correlated... investment into and out of the country/interest rates etc etc are one of the main drives for price movement, it isn't just collection of retailers and massive corporations that move the market... one being more favourable to hold than the other, pound can be strong while euro weak in comparison to USD
  • #429,324
  • Apr 24, 2016 3:31pm Apr 24, 2016 3:31pm
there is no EU / GU correlation. period. GU pre-market gap up +80. EU is flat.
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  • #429,325
  • Apr 24, 2016 3:41pm Apr 24, 2016 3:41pm
Barrack Obama's statement could prove to weigh heavily on the outcome of Brexit and ultimately the GBP... not sure where or why 10 years has come from but anyway... it may provide some GBP strength in the run up to vote...
  • #429,326
  • Apr 24, 2016 3:43pm Apr 24, 2016 3:43pm
GU tough pusher in terms of gaps, not many gaps that size, so definately buying dips if any last time in 2013 this gap was a runner for 200 points.
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  • #429,327
  • Apr 24, 2016 3:44pm Apr 24, 2016 3:44pm
location of the gap is also important here
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  • #429,328
  • Apr 24, 2016 4:14pm Apr 24, 2016 4:14pm
If M30 candle closes above the bullish channel then I'm going long till next resistance.
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  • #429,329
  • Apr 24, 2016 4:18pm Apr 24, 2016 4:18pm
wait for the gap fill be patient it's not going anywhere before LO )))
  • #429,330
  • Apr 24, 2016 4:18pm Apr 24, 2016 4:18pm
Quoting asgcorp
location of the gap is also important here {image}

On the other side of things...

If one was looking for a loading zone by way of a "Hidden Gap", pretty easy pick'ns on the daily, hey Ruf?

That is of course, unless we see a straight shot to the moon...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,331
  • Apr 24, 2016 4:20pm Apr 24, 2016 4:20pm
yeah let's see what we get pretty sure we won't get much before LO
  • #429,332
  • Apr 24, 2016 4:21pm Apr 24, 2016 4:21pm
Quoting asgcorp
yeah let's see what we get pretty sure we won't get much before LO

Ditto that, my brother.

Ditto that.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,333
  • Apr 24, 2016 4:23pm Apr 24, 2016 4:23pm
Quoting asgcorp
yeah let's see what we get pretty sure we won't get much before LO

remind me to just just the hell up next time you post

But seriously, what messed up PA is this?

It's Forex X-Files, the truth is out there
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Come with me if you want to live....
  • #429,334
  • Apr 24, 2016 4:24pm Apr 24, 2016 4:24pm
Quoting asgcorp
wait for the gap fill be patient it's not going anywhere before LO )))
Agreed. On second thoughts I will wait for re-test before long position anyhows. If it goes long, what do you think it can rally too?
  • #429,335
  • Apr 24, 2016 4:26pm Apr 24, 2016 4:26pm
Quoting trademb
{quote} Agreed. On second thoughts I will wait for re-test before long position anyhows. If it goes long, what do you think it can rally too?
pin risk reversal area for GU is 4560-4600 right now.

PS: some heavy options strikes are @ 4600 this week
  • #429,336
  • Apr 24, 2016 4:28pm Apr 24, 2016 4:28pm
Quoting Ill-b-back
{quote} remind me to just just the hell up next time you post But seriously, what messed up PA is this? It's Forex X-Files, the truth is out there {image} {image}
hey bro no idea what's up )) I was planning to buy lower @ 4390 now it's a mess, I'll buy @ gap fill / re-test.

Though the strong weekly close was a clear indication of further upside, that's why I posted previously that open/close was very bullish in GU last week.
  • #429,337
  • Apr 24, 2016 4:31pm Apr 24, 2016 4:31pm
Quoting asgcorp
{quote} hey bro no idea what's up )) I was planning to buy lower @ 4390 now it's a mess, I'll buy @ gap fill / re-test. Though the strong weekly close was a clear indication of further upside, that's why I posted previously that open/close was very bullish in GU last week.
Yea, I thought it was going to retrace down to support, but wtf..

I got 4563, 4630, 4682 targets off the TL retest
Come with me if you want to live....
  • #429,338
  • Apr 24, 2016 4:33pm Apr 24, 2016 4:33pm
4580 price will touch this line almost 90% guaranteed 4600 is overshoot this week, overall 4560-4600 it's over for GU upside this week, pre-FOMC it's up, post-FOMC it's back to 4300. In fact that's my exact plan - long gap fill and short 4580 touch.
  • #429,339
  • Apr 24, 2016 4:37pm Apr 24, 2016 4:37pm
ok until LO time for a
  • #429,340
  • Apr 24, 2016 4:45pm Apr 24, 2016 4:45pm
You do realise that this has to be taken out for those higher levels...

is it not there on other peoples chart or something ?
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