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Cable Update (GBPUSD)

  • #436,021
  • Aug 8, 2016 6:11am Aug 8, 2016 6:11am
Quoting HaLBot
{quote} That's interesting, I'm just watching a video on youtube by a good trader, he uses elliot wave and has no problem seeing G/U go to 3710 and even as high as 4200......myself I would not be comfortable setting TP at those levels if I was a swing trader but this guys got loads of experience. He has a buy at 3066 with SL at 2910(I think) He has another buy at 3130 Saying that there is no guarantee he's right.....but after two big drops in two days there could be some selling exhaustion...
Interested in Elliott wave counting! Can you kindly pass a link to the clip?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #436,022
  • Aug 8, 2016 6:13am Aug 8, 2016 6:13am
#GBPUSD got stopped out on pound, for now I'm on the sidelines.... pound below th 45D still showing signs of weakness. will wait for the next setup
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #436,023
  • Aug 8, 2016 6:18am Aug 8, 2016 6:18am
Quoting baherhosni
{quote} Interested in Elliott wave counting! Can you kindly pass a link to the clip?

The ART of trading by Petar_Serbia

It's a FF forum, I'm not into Elliott wave myself, it could be something I look at in the future but the Guy is a commercial member so must know his trading....The chart is on his latest page
Don't Leave Money on the Table
  • #436,024
  • Aug 8, 2016 6:25am Aug 8, 2016 6:25am
Quoting ZenNy
https://www.youtube.com/watch?v=2xZEJvDlOlg
Ahhhhhhhh Zenny 'Rake' is brilliant......just cracks me up sometime, the rest of the world just doesn't know what it's missing
Don't Leave Money on the Table
  • #436,025
  • Aug 8, 2016 6:29am Aug 8, 2016 6:29am
This looked like a pump and dump. Trapping some longs and stopping out shorts. Downtrend still intact.
  • #436,026
  • Aug 8, 2016 6:44am Aug 8, 2016 6:44am
Quoting taciho
This looked like a pump and dump. Trapping some longs and stopping out shorts. Downtrend still intact.

Not arguing with you there, would have to print some pretty big numbers and then maintain them to break out of this down trend.
Don't Leave Money on the Table
  • #436,027
  • Aug 8, 2016 6:57am Aug 8, 2016 6:57am
Quoting HaLBot
{quote} The ART of trading by Petar_Serbia It's a FF forum, I'm not into Elliott wave myself, it could be something I look at in the future but the Guy is a commercial member so must know his trading....The chart is on his latest page

Thanks a bunch my friend..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #436,028
  • Aug 8, 2016 8:05am Aug 8, 2016 8:05am
Quoting USDollar
#GBPUSD got stopped out on pound, for now I'm on the sidelines.... pound below th 45D still showing signs of weakness. will wait for the next setup {image}
Good work
  • #436,029
  • Aug 8, 2016 8:13am Aug 8, 2016 8:13am
Quoting USDollar
#GBPUSD got stopped out on pound, for now I'm on the sidelines.... pound below th 45D still showing signs of weakness. will wait for the next setup {image}
There has been a little slight outbreak heading towards North; but its not trustworthy.
  • #436,030
  • Aug 8, 2016 8:23am Aug 8, 2016 8:23am
Quoting actionmoney
{quote} There has been a little slight outbreak heading towards North; but its not trustworthy.
Yes at the moment I think it would have to break 3050 for more upside...
Don't Leave Money on the Table
  • #436,031
  • Aug 8, 2016 8:30am Aug 8, 2016 8:30am
Its fun and exciting taking risk, but a calculated some

Learning the technicality of trading currently and it appears we would still be heading South today based on the TREND line and the NEWS.

News first: +1 GMT 1:30pm CAD Building Permits m/m
Actual > Forecast = Good for currency; Gave about -5.5%
If anyone notice the effect of the above news on the trend: you'd notice it dragged toward south within the period of 13:45-15:55 we had two apparent falling hills

Now the Tech: The trend line moved downward and made a falling hill above at the exact time:

Secondly: +1GMT 3:00pmUSD Labor Market Conditions Index m/m
Actual > Forecast = Good for currency;

The third falling hill will appear within the range 16:05-16:20 OR IT MAY BRING OUT A CORRECTION LINE AT 1.3030.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 43 KB
  • #436,032
  • Aug 8, 2016 8:32am Aug 8, 2016 8:32am
im on floating..hope this goes up soon..
  • #436,033
  • Aug 8, 2016 8:34am Aug 8, 2016 8:34am
Common you CAD....
But that line getting tapped!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1j.png Size: 29 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #436,034
  • Aug 8, 2016 8:47am Aug 8, 2016 8:47am
Quoting actionmoney
{quote} There has been a little slight outbreak heading towards North; but its not trustworthy.

Now it's looking like it'll head higher....no guarantees though....LOL
Don't Leave Money on the Table
  • #436,035
  • Aug 8, 2016 8:56am Aug 8, 2016 8:56am
Quoting iamawaited
Common you CAD.... But that line getting tapped!!!! {image}
You are correct, it seems we are set to have a flat & correction line and then move towards north.
  • #436,036
  • Aug 8, 2016 9:26am Aug 8, 2016 9:26am
Quoting iamawaited
Common you CAD.... But that line getting tapped!!!! {image}
  • #436,037
  • Aug 8, 2016 9:29am Aug 8, 2016 9:29am
Quoting HaLBot
{quote} Now it's looking like it'll head higher....no guarantees though....LOL
Getting ready to load em up again ..
  • #436,038
  • Aug 8, 2016 9:37am Aug 8, 2016 9:37am
Quoting dean1star
{quote} Getting ready to load em up again ..
So Mate you really think it's gonna push higher again for another 30 odd pips??
Don't Leave Money on the Table
  • #436,039
  • Aug 8, 2016 9:41am Aug 8, 2016 9:41am
Quoting HaLBot
{quote} So Mate you really think it's gonna push higher again for another 30 odd pips??
IS it breaking support or bouncing ..

130 600 if it makes it
give or take
  • #436,040
  • Aug 8, 2016 9:41am Aug 8, 2016 9:41am
Quoting dean1star
{quote} IS it breaking support or bouncing .. 130 600 if it makes it give or take
Yeah nice little trade......
Don't Leave Money on the Table
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