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Cable Update (GBPUSD)

  • #433,661
  • Jun 28, 2016 7:27am Jun 28, 2016 7:27am
Isn't Brexit the reason to pull down the GBP but how come over 80% of trader still buying GBP shouldn't they be looking for selling?
Odd numbers are odd.
  • #433,662
  • Jun 28, 2016 7:28am Jun 28, 2016 7:28am
Quoting rapidace
Isn't Brexit the reason to pull down the GBP but how come over 80% of trader still buying GBP shouldn't they be looking for selling?
They are holding with loss. Probably long term trader looking for profit in future.
You cannot learn better without losing
  • #433,663
  • Jun 28, 2016 7:38am Jun 28, 2016 7:38am
Quoting forexings
{quote} They are holding with loss. Probably long term trader looking for profit in future.
Oh you're right.

GBP/USD Long:
Avg Entry: 1.4248
Avg Trade Return: -4.3%
Avg Trade Duration: 15 Weeks.

Wow, they have been holding this tough.

I'm selling GBP/USD now but I'm deep worry because it went up hill without a trace of catching the knife.

Any insight?
Odd numbers are odd.
  • #433,664
  • Jun 28, 2016 7:42am Jun 28, 2016 7:42am
13385 is preUS poor high
Ubi maior minor cessat
  • #433,665
  • Jun 28, 2016 7:46am Jun 28, 2016 7:46am
Quoting hippiedog
Minions, prepare to buy. {image}
Tadaaa....... 👏
FREEDOM IS SECURITY.
  • #433,666
  • Jun 28, 2016 7:46am Jun 28, 2016 7:46am
Quoting Lock
13385 is preUS poor high
it was..

now we have 13450 and yes gb high at 13474
Ubi maior minor cessat
  • #433,667
  • Jun 28, 2016 7:49am Jun 28, 2016 7:49am
Quoting hippiedog
{quote} Tadaaa....... ��



....but watch out: very very bad structure below.
Ubi maior minor cessat
  • #433,668
  • Jun 28, 2016 7:50am Jun 28, 2016 7:50am
Quoting Lock
{quote}
Thanks 👍
Will do. Will close bearish from envelopes otherwise holding.Great posts lock 👍
FREEDOM IS SECURITY.
  • #433,669
  • Jun 28, 2016 7:55am Jun 28, 2016 7:55am
Quoting hippiedog
{quote} Thanks 👍 Will do. Will close bearish from envelopes otherwise holding.Great posts lock 👍

Well thanks to you!

last visual update:

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 109 KB
Ubi maior minor cessat
  • #433,670
  • Jun 28, 2016 8:11am Jun 28, 2016 8:11am
Quoting rapidace
Isn't Brexit the reason to pull down the GBP but how come over 80% of trader still buying GBP shouldn't they be looking for selling?
They are scalpers. The main market mode is bearish.
Do your homework, follow the footprints of smart money
  • #433,671
  • Jun 28, 2016 8:11am Jun 28, 2016 8:11am
Quoting Lock
{quote} Well thanks to you! last visual update: {image}
I don't usually post because I am very wary of what people here are posting and "predicting".

But I can make no sense out of your image. Can barely see price action and there are tons of words, boxes, lines and colours that don't tell anything.

Maybe this is profitable for you. But I would think that it's extremely misleading and bad for people looking for some guidance here.

I guess you will probably say that I don't even post anything, I should have no rights to comment on your image. That's fine, really. The ones who are doing well, really have no reason to post anything here and be a "prophet" of sorts
A 1 pip gain is better than a 1 pip loss.
  • #433,672
  • Jun 28, 2016 8:15am Jun 28, 2016 8:15am
Quoting aeternum
{quote} I don't usually post because I am very wary of what people here are posting and "predicting".... I guess you will probably say that I don't even post anything, I should have no rights to comment on your image. That's fine, really. The ones who are doing well, really have no reason to post anything here and be a "prophet" of sorts
Forget about guru-posts! Trade your platform and what you see; predictions/opinions only count when you act on them. Take whatever you feel work for you from FF and share what you feel like sharing.

KP
Do your homework, follow the footprints of smart money
  • #433,673
  • Jun 28, 2016 8:15am Jun 28, 2016 8:15am
Quoting aeternum
{quote} I don't usually post because I am very wary of what people here are posting and "predicting". But I can make no sense out of your image. Can barely see price action and there are tons of words, boxes, lines and colours that don't tell anything. Maybe this is profitable for you. But I would think that it's extremely misleading and bad for people looking for some guidance here. I guess you will probably say that I don't even post anything, I should have no rights to comment on your image. That's fine, really. The ones who are doing...
Aeternum this is a community forum?
My advice to you is to ask Lock about his images Rather than presume, presumption and information are two different things.This is not school aeternum, people should ask a question if they find something difficult but there rarely are any. So ERM... You know. Back to work. Cheers.
FREEDOM IS SECURITY.
  • #433,674
  • Jun 28, 2016 8:21am Jun 28, 2016 8:21am
Quoting rapidace
{quote} Oh you're right. GBP/USD Long: Avg Entry: 1.4248 Avg Trade Return: -4.3% Avg Trade Duration: 15 Weeks. Wow, they have been holding this tough. I'm selling GBP/USD now but I'm deep worry because it went up hill without a trace of catching the knife. Any insight?
You cannot expect hundreds pips drop everyday. After a record blow a minor retracement is normal. Use fibo
You cannot learn better without losing
  • #433,675
  • Jun 28, 2016 8:28am Jun 28, 2016 8:28am
honestly i think lock provides useful market commentary, i just don't know what he is trying to say!!

so far i gathered the following: weak hands are retail traders, easily destroyed by strong hands/institutions, so if a structure is built upon weak hands, it's not stable....
  • #433,676
  • Jun 28, 2016 8:31am Jun 28, 2016 8:31am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB


GU Eyes on prize?

Should expect much pending buy order at 1.3500
The only true wisdom is in knowing you know nothing.
  • #433,677
  • Jun 28, 2016 8:40am Jun 28, 2016 8:40am
Hi Dean id be careful $ is super bullish ,especially any interest rate rise likely delayed if it was ever to happen.
for $ to go higher this month I would think is a problem, which may well feed into next month

Quoting dean1star
Nearing the end of the Monthly candle, so waiting for a drop on this play. NFP next week should create some action. Considering also that an up move might coincide with the new monthly candle to continue the move. Staying Short. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXMonthly.png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,678
  • Jun 28, 2016 8:42am Jun 28, 2016 8:42am
Quoting elbert3
{image} any try has to have a sl on it at this time 1 min chart
Was that a good entry or not . Come on gb
  • #433,679
  • Jun 28, 2016 8:46am Jun 28, 2016 8:46am
Id suggest you don't see free fall ,like you may have thought ,although could well hit lower ,monthly close is very important

Quoting Bones
yea I have lower before ,its bearish under that last D1 zone ,but I wonder if we see free fall ,location is continuation with possible problems its unusual situ month + 6 month this Fri {quote} {image} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 15 gbp USD (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #433,680
  • Jun 28, 2016 8:50am Jun 28, 2016 8:50am
Quoting elbert3
{quote} Was that a good entry or not . Come on gb
Yup, I was watching your post yesterday. You still in? 👏
I'm holding on 1H looking to go higher timeframe, not 100% sure yet though. 1H good enough for now though.👍
FREEDOM IS SECURITY.
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