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Cable Update (GBPUSD)

  • #430,621
  • May 7, 2016 10:03am May 7, 2016 10:03am
Quoting dean1star
{quote} For sure it will end in tears these things always do - look at corbyn now labours leader .. he had his warhole moment, milliband too, Duncan smith also its just a game you can call it democracy other people call it a game .. same conclusion it will end in tears same with Trump should he get into the white house .. first 100 days and then the stories and broken promises will appear .. same old same as - just different names and faces. Media, Press rules over everything now, logical of course. www.youtube.com/watch?v=1XKFQVJlmZY...
You are right. It is a stark reality.
  • #430,622
  • May 7, 2016 1:21pm May 7, 2016 1:21pm
Quoting asgcorp
rapefugees
Words like this are disgusting and simply tells what kind of person you are.....
  • #430,623
  • May 7, 2016 2:39pm May 7, 2016 2:39pm
Expecting some more downmove.
  • #430,624
  • May 7, 2016 2:47pm May 7, 2016 2:47pm
Quoting asgcorp
exactly. This also means more rapefugees would be welcome in UK. The life off the wellfare package sure is sweet. Then again you don't expect them to work off the misereable wages, right?
I am shocked what kind of feeling you have uttered, I did not expect such a word from an assumed decent person like you???
  • #430,625
  • May 7, 2016 3:05pm May 7, 2016 3:05pm
Quoting arasheed
{quote} I am shocked what kind of feeling you have uttered, I did not expect such a word from an assumed decent person like you???
​its the infliction of terror and threat that is powering most peoples thoughts on the whole subject, And probably why the UK is 50/50 on whether to leave or stay, i mean I know what the odds would be if there wasn't such a huge influx of illegal/migrants entering into our country to take advantage of benefits and disrespect the law/try to implement their own. i mean it may be a reflection on the minority. but who really knows. where are the stats to prove what is going on?

its a shocking situation where infliction of terror and threat is causing people to think the way they do about certain types/groups of people, but then its certain people within those groups that are giving the reputation that everyone hates. its selfish on those peoples behalf, but what expectation is there, i mean look at Merkel, she opened the borders and havoc has broke lose... why should people of the UK/Germany/France /Belgium live in that fear their whole lives? but then why should the people of the countries suffering from wars live in fear in their own countries? its a tough decision for some i suppose.
and this probably isn't the right place to discuss it
  • #430,626
  • May 7, 2016 9:27pm May 7, 2016 9:27pm
Consolidating on a 5th leg wave v up.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #430,627
  • May 8, 2016 4:19am May 8, 2016 4:19am
Im having a little loss right now, but I think Ill close the deal with profit.
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  • #430,628
  • May 8, 2016 4:28am May 8, 2016 4:28am
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It's a big game.
  • #430,629
  • May 8, 2016 4:32am May 8, 2016 4:32am
Quoting funzodundee
{image}
1.38 ?
It's a big game.
  • #430,630
  • May 8, 2016 12:10pm May 8, 2016 12:10pm
hey everyone, here's what I'm seeing in GBP/USD this week. Curious what others are thinking.

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check out my blog: forexmademillionaire dot com
  • #430,631
  • May 8, 2016 12:17pm May 8, 2016 12:17pm
Hi, much likely going southwards. Perhaps, you should've used the weekly chart instead or in addition imho.

KP

Quoting Geppy
hey everyone, here's what I'm seeing in GBP/USD this week. Curious what others are thinking. {image}
Do your homework, follow the footprints of smart money
  • #430,632
  • May 8, 2016 12:26pm May 8, 2016 12:26pm
Quoting KeenPips
Hi, much likely going southwards. Perhaps, you should've used the weekly chart instead or in addition imho. KP {quote}
I have looked at the weekly. There's not much difference there if you ask me besides the fact we've been in a downtrend. But that doesn't mean it can't reverse or pullback significantly as the daily is indicating potential for.

If you care to post any analysis based on the weekly I'd be happy to see it.
check out my blog: forexmademillionaire dot com
  • #430,633
  • May 8, 2016 12:31pm May 8, 2016 12:31pm
Same, only that when you used 'weekly', it would've been more appropriate you show the weekly chart too instead of daily. Yes, no guarantee that nothing can't change. Lol

Quoting Geppy
{quote} I have looked at the weekly. There's not much difference there if you ask me besides the fact we've been in a downtrend. But that doesn't mean it can't reverse or pullback significantly as the daily is indicating potential for. If you care to post any analysis based on the weekly I'd be happy to see it.
Do your homework, follow the footprints of smart money
  • #430,634
  • May 8, 2016 1:19pm May 8, 2016 1:19pm
Evening.


It all comes down to the timeframe... I primarily trade off the 2m in the direction of the 30m...
So for me it's rather bearish.
However statistically speaking the length of the 4h downswing is reaching it's end. (Something to keep in mind)

Cheers,
Tom
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  • #430,635
  • May 8, 2016 1:44pm May 8, 2016 1:44pm
#GBPUSD I'm flat on pound, covered @ 1.4320
Out of all my short... if my calculations are correct pound could trend higher... Friday could be a pivot swing low.... will be watching Sunday open.
"W. D. Gann said that time is the most important factor among all things."
  • #430,636
  • May 8, 2016 1:57pm May 8, 2016 1:57pm
Lets see where we get the turn on cable.
Pound dollar followed with Euro Dollar.
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  • #430,637
  • May 8, 2016 3:29pm May 8, 2016 3:29pm
Quoting Geppy
hey everyone, here's what I'm seeing in GBP/USD this week. Curious what others are thinking. {image}
Nice, but I'm still biased to short GBP. But its a bit of a hard call on this one.
  • #430,638
  • May 8, 2016 7:24pm May 8, 2016 7:24pm
Quoting Ph03n1x
Evening. It all comes down to the timeframe... I primarily trade off the 2m in the direction of the 30m... So for me it's rather bearish. However statistically speaking the length of the 4h downswing is reaching it's end. (Something to keep in mind) Cheers, Tom {image}
Hi Tom

Curious what's those vertical spectrum on your posted chart n if mention-able, what strategy you use?

Regards
...
  • #430,639
  • May 8, 2016 10:34pm May 8, 2016 10:34pm
GBPUSD H4 and DAILY show up for today ???
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  • #430,640
  • May 8, 2016 11:49pm May 8, 2016 11:49pm
going long with a 10 pip trailing on a competition account, tp should be 1.4500

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