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Cable Update (GBPUSD)

  • #430,061
  • Apr 29, 2016 8:43am Apr 29, 2016 8:43am
Quoting redbaron1981
{quote} How long have you been trading for Don? Are you retail or pro?
Do I look/sound like a pro ?

If it helps I'm about to be spanked in the ass for shorting gold
  • #430,062
  • Apr 29, 2016 8:48am Apr 29, 2016 8:48am
Quoting arasheed
{quote} Watch for at least 1.4660
The Cable reached 1.4650
It will further go up ?
  • #430,063
  • Apr 29, 2016 8:50am Apr 29, 2016 8:50am
Quoting Don96
{quote} Do I look/sound like a pro ? If it helps I'm about to be spanked in the ass for shorting gold
Never mind My Target will be 228
  • #430,064
  • Apr 29, 2016 9:07am Apr 29, 2016 9:07am
Quoting arasheed
{quote} The Cable reached 1.4650 It will further go up ?
yes usd had weak data so there might be change to 4800 next week
  • #430,065
  • Apr 29, 2016 9:11am Apr 29, 2016 9:11am
Quoting DifferTrader
{quote} yes usd had weak data so there might be change to 4800 next week
Yes a Plausible reason.
  • #430,066
  • Apr 29, 2016 9:14am Apr 29, 2016 9:14am
has been some solid strength in eur/gbp today keeping a lid on gbp
Don't Leave Money on the Table
  • #430,067
  • Apr 29, 2016 9:18am Apr 29, 2016 9:18am
Quoting arasheed
{quote} Never mind My Target will be 228
???
  • #430,068
  • Apr 29, 2016 9:20am Apr 29, 2016 9:20am
Where is elbert?
Any option expired today?
  • #430,069
  • Apr 29, 2016 9:21am Apr 29, 2016 9:21am
Quoting Don96
{quote} 128
EJ Target
  • #430,070
  • Apr 29, 2016 9:21am Apr 29, 2016 9:21am
Quoting arasheed
{quote} EJ Target
122.8?
  • #430,071
  • Apr 29, 2016 9:22am Apr 29, 2016 9:22am
what we see now is a a battle between bears and bulls, bulls trying to push for a week/month close above 1.4670 (which should trigger some fireworks if happens) and bears trying to fight it to secure their SLs, im staying on the sidelines waiting for one party to sluaghter the other to join their party
  • #430,072
  • Apr 29, 2016 9:23am Apr 29, 2016 9:23am
Quoting Don96
{quote} 122.8?
EU going for third and final zone before 1.5
Attached Image (click to enlarge)
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  • #430,073
  • Apr 29, 2016 9:24am Apr 29, 2016 9:24am
GBP has retraced about 50 Pips??
Where it is going?
  • #430,074
  • Apr 29, 2016 9:30am Apr 29, 2016 9:30am
Quoting arasheed
GBP has retraced about 50 Pips?? Where it is going?
​To 1.45800
Just 20 pips a day to riches
  • #430,075
  • Apr 29, 2016 9:38am Apr 29, 2016 9:38am
Quoting FastPipn
{quote} ​To 1.45800
It retraces and than it goes up above previous high.
  • #430,076
  • Apr 29, 2016 9:51am Apr 29, 2016 9:51am
out, looks like shite
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
Come with me if you want to live....
  • #430,077
  • Apr 29, 2016 10:03am Apr 29, 2016 10:03am
Quoting trademb
Sticking long {image}
i did tell ya ;-)
  • #430,078
  • Apr 29, 2016 10:09am Apr 29, 2016 10:09am
A rising wedge after an uptrend is usually a bearish reversal pattern.
I'm thinking on closing my long position before the weekend, unless it breaks..

A sell stop below the wedge would be something to look at on monday.
This would be exactly after the 5 - fib time zone.
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Click to Enlarge Name: Screenshot1.png Size: 86 KB
What's that smell? ---- I smell money!
  • #430,079
  • Apr 29, 2016 10:15am Apr 29, 2016 10:15am
i know i had goofed up in europe session with those longs, but glad i stuck to them

i could have added lower but i avoided that

TP is 4887 and 5086

Attached Image
  • #430,080
  • Apr 29, 2016 10:15am Apr 29, 2016 10:15am
Quoting fxmasterdxb
what we see now is a a battle between bears and bulls, bulls trying to push for a week/month close above 1.4670 (which should trigger some fireworks if happens) and bears trying to fight it to secure their SLs, im staying on the sidelines waiting for one party to sluaghter the other to join their party
and congrats to the bulls i hopped on the train @ 1.4650 and will unload @ 1.470
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