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Cable Update (GBPUSD)

  • #430,481
  • May 4, 2016 6:27am May 4, 2016 6:27am
Quoting KeenPips
{quote} If you're scalping. Otherwise, the daily outlook is bearish. KP
https://encrypted-tbn2.gstatic.com/i...SId5_D_fadm9o2
Don't Leave Money on the Table
  • #430,482
  • May 4, 2016 6:35am May 4, 2016 6:35am
#GBPUSD Scalp trade Long 1.4475 / SL 1.4460 / C 1.4523 = 45D pound is on the weaker side below 45D..... but could get above it very quick so tight stops or trailing stops
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"W. D. Gann said that time is the most important factor among all things."
  • #430,483
  • May 4, 2016 6:37am May 4, 2016 6:37am
Quoting niubee
{quote} CMIIW. I just draw trendline on daily timeframe. The price @1.4501. Possibility to bounce up from there?
45D is like a 50% fibo it could draw in buyers or seller depends on the trend.... in this case it cracked right thru it... but could re-test it from below... so stay on watch
"W. D. Gann said that time is the most important factor among all things."
  • #430,484
  • May 4, 2016 6:50am May 4, 2016 6:50am
Quoting HaLBot
{quote} {image}
Do your homework, follow the footprints of smart money
  • #430,485
  • May 4, 2016 7:21am May 4, 2016 7:21am
#GBPUSD locking in $$$$ covered @ 1.4533
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"W. D. Gann said that time is the most important factor among all things."
  • #430,486
  • May 4, 2016 7:37am May 4, 2016 7:37am
#GBPUSD short 1.4528 / C 1.4450
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"W. D. Gann said that time is the most important factor among all things."
  • #430,487
  • May 4, 2016 8:01am May 4, 2016 8:01am
In my opinion the pair will test 1.4470 again, and if it breaks below that level it will reach 1.4400. Either way, I have shorts for the moment.
  • #430,488
  • May 4, 2016 9:26am May 4, 2016 9:26am
its more or less depends on crude price , crude price going down so its also goes down and fastly after 7 minutes
  • #430,489
  • May 4, 2016 10:17am May 4, 2016 10:17am
​1.442x / 1.438x may give some a shot at 1.51 min
  • #430,490
  • May 4, 2016 10:26am May 4, 2016 10:26am
#GBPUSD couple of more Target to the downside, pyramid style trading will start once we crack 1.4450..... trailing stop cause it could get wild
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"W. D. Gann said that time is the most important factor among all things."
  • #430,491
  • May 4, 2016 10:27am May 4, 2016 10:27am
why are people so confident it will do down even more? What if its just a 38.2%/50% retrace then back up?

Just asking as i'm interested to understand? I have no idea what way it will go but what indications have you seen that implies a bearish move incoming at 1.4470 level?
  • #430,492
  • May 4, 2016 10:56am May 4, 2016 10:56am
Quoting suneth2
Seems hard to break 1.4470
wait & see until the week end...
  • #430,493
  • May 4, 2016 11:05am May 4, 2016 11:05am
Done for today, close negative but in the big picture still looking good getting to learn more on risk management and is improving my trade day by day big picture matter in trading
  • #430,494
  • May 4, 2016 11:59am May 4, 2016 11:59am
Hello everyone.

My thoughts on a top down analysis of GBP/USD for a longer term trader using daily entries.

Best wishes
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Be careful what you think because your thoughts run your life..Solomon
  • #430,495
  • May 4, 2016 12:02pm May 4, 2016 12:02pm
Good analysis. Trade safe.

Quoting Akt
Hello everyone. My thoughts on a top down analysis of GBP/USD for a longer term trader using daily entries. Best wishes {image}{image}{image}
Do your homework, follow the footprints of smart money
  • #430,496
  • May 4, 2016 12:08pm May 4, 2016 12:08pm
Hello everyone, going off GBPUSD for a bit.

Please forgive the digression. I post this to show that the S&D methodology is applicable to all markets.

i posted this trade on my tradingview.com chat "trading institutional order flow". It is in the public domain.

here are the before and after posts.

best wishes
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Be careful what you think because your thoughts run your life..Solomon
  • #430,497
  • May 4, 2016 12:09pm May 4, 2016 12:09pm
Quoting trademb
why are people so confident it will do down even more? What if its just a 38.2%/50% retrace then back up? Just asking as i'm interested to understand? I have no idea what way it will go but what indications have you seen that implies a bearish move incoming at 1.4470 level?
USD index? GBP index? they have a part to play, as do supply and demand, PA... indicators aren't the be all and end all. otherwise we would all be rich
  • #430,498
  • May 4, 2016 12:29pm May 4, 2016 12:29pm
Hello everyone.

Speaking of referencing the dollar for trades on the majors, allow me to show an example of how I use it in my analysis.
I start with an assessment of the dollar every day and week.

I hope this helps

best wishes
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Be careful what you think because your thoughts run your life..Solomon
  • #430,499
  • May 4, 2016 12:33pm May 4, 2016 12:33pm
Quoting Akt
Hello everyone. Speaking of referencing the dollar for trades on the majors, allow me to show an example of how I use it in my analysis. I start with an assessment of the dollar every day and week. I hope this helps best wishes{image}
now there is something worth noting , wouldn't mind seeing your view on these start of everyday
  • #430,500
  • May 4, 2016 12:45pm May 4, 2016 12:45pm
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time to go up ??
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