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Cable Update (GBPUSD)

  • #434,221
  • Jul 7, 2016 11:23am Jul 7, 2016 11:23am
Quoting Devart
{quote} what are the levels of your SL and TP ?
3045 was the top and now 2901 was to be a new long I see I wrote it wrong then 3070 but I also have 3 long term longs to the gap . Plus I have a over night buy at 3050 regards
  • #434,222
  • Jul 7, 2016 11:30am Jul 7, 2016 11:30am
2980 target first sl 2900
  • #434,223
  • Jul 7, 2016 11:35am Jul 7, 2016 11:35am
Quoting hippiedog
5min chart. Buying at close over 5EMA TP 100EMA.
1st position placed 1.292
FREEDOM IS SECURITY.
  • #434,224
  • Jul 7, 2016 11:40am Jul 7, 2016 11:40am
Sweet martingale BUY spot coming up on GU and i am using EGBP as confirmation. Happy pipping.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH1t.png Size: 37 KB
Click to Enlarge Name: GBPUSDH1.png Size: 29 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #434,225
  • Jul 7, 2016 11:49am Jul 7, 2016 11:49am
this scalp could be a fail 2870 will be the next number if it does . Sorry but on my iPhone not to easy
  • #434,226
  • Jul 7, 2016 11:57am Jul 7, 2016 11:57am
Quoting iamawaited
Sweet martingale BUY spot coming up on GU and i am using EGBP as confirmation. Happy pipping. {image} {image}
You're using ping pong strategy?
  • #434,227
  • Edited 6:56pm Jul 7, 2016 12:35pm | Edited 6:56pm
Quoting hippiedog
{quote} 1st position placed 1.292
2nd position placed 1.2896
Edit: TP targets hit.
FREEDOM IS SECURITY.
  • #434,228
  • Jul 7, 2016 2:00pm Jul 7, 2016 2:00pm
hammer dojo on the day chart looking pos ??
  • #434,229
  • Jul 7, 2016 2:54pm Jul 7, 2016 2:54pm
Quoting She1
{quote} You're using ping pong strategy?
Nope... Just showing SR levels and where price will unfailingly bounce from. The last chart I posted I predicted the EGBP move once it hits that level it should go down. If it goes higher I will martingale SELL. If GU goes lower I will martingale the BUY Goodluck!!.
Trading Eternal...... Shiny & Chrome!!!!
  • #434,230
  • Jul 7, 2016 9:57pm Jul 7, 2016 9:57pm
The GBPUSD is very direction less at the moment, most likely waiting for NFP to take a clear direction. Support is still at the 1.2800 level.
  • #434,231
  • Jul 7, 2016 10:33pm Jul 7, 2016 10:33pm
Quoting iamawaited
Sweet martingale BUY spot coming up on GU and i am using EGBP as confirmation. Happy pipping. {image} {image}
Higher Potential Buy Zone??
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1cbl.png Size: 30 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #434,232
  • Jul 7, 2016 10:47pm Jul 7, 2016 10:47pm
I know all of u would be busy in your trading.i have lost $400 in past three days and my account with Octafx has been blown up by a sharp decline in GBPUSD.any how i was examining the charts and i was amazed to see ONE THING.
my print screen which show that EUROGBP and GBPUSD .my point of concern is that
EUROGBP is the the true mirror copy of GBPUSD in every regard like spread,volume and even in direction. how can it be possibe that 5 out 7 traders open trades in
GBPUSD at perticular time but despite that out come is shocking"A true mirror copy "
Attached Image (click to enlarge)
Click to Enlarge Name: print screen.jpg Size: 455 KB
  • #434,233
  • Jul 7, 2016 11:15pm Jul 7, 2016 11:15pm
Quoting kuki
I know all of u would be busy in your trading.i have lost $400 in past three days and my account with Octafx has been blown up by a sharp decline in GBPUSD.any how i was examining the charts and i was amazed to see ONE THING. my print screen which show that EUROGBP and GBPUSD .my point of concern is that EUROGBP is the the true mirror copy of GBPUSD in every regard like spread,volume and even in direction. how can it be possibe that 5 out 7 traders open trades in GBPUSD at perticular time but despite that out come is shocking"A true mirror copy...
i would think most of the big trades are managed by computer programs. so it wouldn't be surprising that these two pairs are closely correlated. the computer looks into cable's movement and instantaneously decided to buy/sell on the other pair.
  • #434,234
  • Jul 7, 2016 11:24pm Jul 7, 2016 11:24pm
Quoting baldmonk
{quote} i would think most of the big trades are managed by computer programs. so it wouldn't be surprising that these two pairs are closely correlated.
not closely rather perfectly if one show v15 then at the same time other also show the same volume without a minute delay but in opposite direction(buy/sell).
Quoting baldmonk
{quote}the computer looks into cable's movement and instantaneously decided to buy/sell on the other pair.
but it can not control the traders.decision to buy or sell at a particular point is in the control of traders.
  • #434,235
  • Jul 7, 2016 11:46pm Jul 7, 2016 11:46pm
So whats up for today? Expert please advise.
Artist lead and hacks ask for a show of hands.
  • #434,236
  • Jul 8, 2016 12:24am Jul 8, 2016 12:24am
Quoting arasheed
GU dragging lower entered Sell at 1.29348
Tp taken at 1.28846 Now GB is up atm 1.29416
  • #434,237
  • Jul 8, 2016 12:44am Jul 8, 2016 12:44am
Quoting kuki
I know all of u would be busy in your trading.i have lost $400 in past three days and my account with Octafx has been blown up by a sharp decline in GBPUSD.any how i was examining the charts and i was amazed to see ONE THING. my print screen which show that EUROGBP and GBPUSD .my point of concern is that EUROGBP is the the true mirror copy of GBPUSD in every regard like spread,volume and even in direction. how can it be possibe that 5 out 7 traders open trades in GBPUSD at perticular time but despite that out come is shocking"A true mirror copy...
There is some truth into this after the brexit drop it shows another great comparison.
Attached Images
  • #434,238
  • Jul 8, 2016 1:08am Jul 8, 2016 1:08am
What gb is waiting for is a big trade deal with outside the eu ? Giving confidence to the pound , I am in hotel at this time on my phone so no charts what is the day chart saying ?
  • #434,239
  • Jul 8, 2016 1:13am Jul 8, 2016 1:13am
Attached Image (click to enlarge)
Click to Enlarge Name: 08.07.jpg Size: 112 KB

The best point for open short still will be on 1.3180. But, when price had tried above 1.30 yesterday, the GBPUSD found resistance. If that seller will in play today too, more probably that we will not see price above yesterday maximum. I think we can try open short now, and put little stop, or, if price will go higher, open short on 1.3180.
  • #434,240
  • Jul 8, 2016 1:17am Jul 8, 2016 1:17am
See if it retests the 128 750 area ..
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