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Cable Update (GBPUSD)

  • #436,121
  • Aug 9, 2016 9:29am Aug 9, 2016 9:29am
The price may go higher but the odds are lesser for bears.Although liquidity are fading so 10 pips tp would do.I'll recommend using the 5 min parabolic sar as my bear entry wait for the dots to appear above the 5 mins candlestick then I'll trigger my 10-30 pips entry SL 20 pips.Good luck
  • #436,122
  • Aug 9, 2016 9:31am Aug 9, 2016 9:31am
Quoting Mayly-May
{quote} how much to going up sir?
no target,follow the trend.
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he, alone, was to blame for his losses in the zero-sum game
  • #436,123
  • Aug 9, 2016 9:47am Aug 9, 2016 9:47am
Ar... downing 😧 posible to 1.31 or not?
  • #436,124
  • Aug 9, 2016 9:49am Aug 9, 2016 9:49am
Quoting USDollar
#GBPUSD pound is getting close to a swing pivot low in the next few days.... keep an eye on today and 8-10,11,12 for a swing bottom. but if it takes out 1.2797 it could go lower which would VOID the pattern all together.... but if it does a swing low and you want less risk, wait for pound to take out 1.3026 and have a Daily close above it to go long..... {image}

I like this arc tool very much!! I don't think this is MetaTrader right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #436,125
  • Aug 9, 2016 10:11am Aug 9, 2016 10:11am
Just opened a sell entry in the gbpcad sold at 1.7047 SL 7067 tp 7017
  • #436,126
  • Aug 9, 2016 10:17am Aug 9, 2016 10:17am
my forecast GU
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  • #436,127
  • Aug 9, 2016 10:26am Aug 9, 2016 10:26am
Quoting KeenPips
{quote} Why would you buy now on 'could close...' when the technicals on HTFs and fundamentals are screaming go southwards? Any upward move in the circumstance should be seen as corrective imho. Trade safe. KP
Simple your technicals are not my technicals
he, alone, was to blame for his losses in the zero-sum game
  • #436,128
  • Aug 9, 2016 10:40am Aug 9, 2016 10:40am
Quoting comoestas
{quote} Simple your technicals are not my technicals
Agreed. Different strokes but asking traders to buy now or close shorts didn't assume that others may use 'technicals' different from yours. No hurts
Do your homework, follow the footprints of smart money
  • #436,129
  • Aug 9, 2016 10:47am Aug 9, 2016 10:47am
Quoting comoestas
{quote} Simple your technicals are not my technicals
yes 3100
  • #436,130
  • Aug 9, 2016 11:10am Aug 9, 2016 11:10am
Quoting KeenPips
{quote} Agreed. Different strokes but asking traders to buy now or close shorts didn't assume that others may use 'technicals' different from yours. No hurts
i fixed that. thanks
.i'M Going long now, and I'M closing all my shorts.
he, alone, was to blame for his losses in the zero-sum game
  • #436,131
  • Aug 9, 2016 11:12am Aug 9, 2016 11:12am
Quoting comoestas
{quote} i fixed that. thanks .i'M Going long now, and I'M closing all my shorts.
Good spirit.
Do your homework, follow the footprints of smart money
  • #436,132
  • Aug 9, 2016 11:24am Aug 9, 2016 11:24am
Quoting Mayly-May
Ar... downing 😧 posible to 1.31 or not?
yes
  • #436,133
  • Aug 9, 2016 11:35am Aug 9, 2016 11:35am
Quoting baherhosni
{quote} I like this arc tool very much!! I don't think this is MetaTrader right?
no it is not meta, I call it Gann Grid, but its gunner 24
"W. D. Gann said that time is the most important factor among all things."
  • #436,134
  • Aug 9, 2016 11:38am Aug 9, 2016 11:38am
Bulls need to move this back to 13040-13070 levels or risks going bearish again. Must be some nice stops under today's low @ 12955
Loser trying to become a winner!
  • #436,135
  • Aug 9, 2016 4:25pm Aug 9, 2016 4:25pm
Quoting HaLBot
Looks like Eur/Gbp is starting to rollover.... {image}
not yet me think....maybe at 8579 or 8626
trading is simple but is simple is not easy.
  • #436,136
  • Aug 10, 2016 1:30am Aug 10, 2016 1:30am
Putting in market orders (expire within the day and will revisit) instead of watching it fluctuate based on my week analysis:

Short @ 1.3165
Long @ 1.2957

A probable short scalp and smaller lot @ 1.3087
  • #436,137
  • Aug 10, 2016 1:48am Aug 10, 2016 1:48am
Attached Image (click to enlarge)
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Pound did one more down movement yesterday, as we was waited. And now this rollback which was at night is normal thing for new down move, and I think we will see movement to 1.29 today.
  • #436,138
  • Aug 10, 2016 2:02am Aug 10, 2016 2:02am
Quoting Aleksbuk
{image} Pound did one more down movement yesterday, as we was waited. And now this rollback which was at night is normal thing for new down move, and I think we will see movement to 1.29 today.
wrong. 3300 correct
  • #436,139
  • Aug 10, 2016 2:14am Aug 10, 2016 2:14am
The rise in Cable and Euro late US session and Asian session is due to broad based Dollar sell off according to an article in fxstreet.com
Don't Leave Money on the Table
  • #436,140
  • Aug 10, 2016 2:25am Aug 10, 2016 2:25am
Quoting pointlessfor
{quote} wrong. 3300 correct
Wow, expecting a 300 pip move up, not that it couldn't but id settle for taking out to days high then to the weekly pivot for today
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