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Cable Update (GBPUSD)

  • #436,521
  • Aug 12, 2016 10:25am Aug 12, 2016 10:25am
Yes folks it wasn't my imagination....the blood sucking pair really is getting sold off at the moment....it is not an illusion, but how long can this miracle last for???
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 72 KB
Don't Leave Money on the Table
  • #436,522
  • Aug 12, 2016 10:26am Aug 12, 2016 10:26am
Quoting mades
{quote} Actually beside really big news (from CBs) any news is just a trigger for pre-planned movement.
Do your homework, follow the footprints of smart money
  • #436,523
  • Aug 12, 2016 10:40am Aug 12, 2016 10:40am
trend line is being tested...
  • #436,524
  • Aug 12, 2016 10:50am Aug 12, 2016 10:50am
From what I gather - "Retail Prices" poor performance was due to discounting and lower petrol prices
Seems that headline figures - show one thing - but when you look passed that -it shows a different story
  • #436,525
  • Aug 12, 2016 11:06am Aug 12, 2016 11:06am
I think price will go 1.2855.Its just my opinion.
We can not learn without pain.
  • #436,526
  • Aug 12, 2016 11:26am Aug 12, 2016 11:26am
Quoting pointlessfor
{quote} wrong. 3020 first
getting close to 1.2911
"W. D. Gann said that time is the most important factor among all things."
  • #436,527
  • Aug 12, 2016 11:31am Aug 12, 2016 11:31am
Just back at my computer and guess what I am 82 pips up on GBPUSD. Perhaps that is the secret leave it alone. Mrs Wdfx about to drag me out for a curry. I've moved my stop. I'll have a peek again when I come back - Mrs Wdfx's words of advice to me - "take the profits and don't make the pips squeak !! lets go for a curry"
Striving for consistency
  • #436,528
  • Aug 12, 2016 11:40am Aug 12, 2016 11:40am
Quoting USDollar
{quote} getting close to 1.2911
GU on monday might be above 1.30 forming a gap of more than 150 pips
Forex
  • #436,529
  • Aug 12, 2016 11:44am Aug 12, 2016 11:44am
Doji forming on the 15min. I'm off for a curry
Striving for consistency
  • #436,530
  • Aug 12, 2016 11:47am Aug 12, 2016 11:47am
Quoting USDollar
{quote} getting close to 1.2911
So your saying you expect a bounce from this level going up by at least 100 pips??

Actually I now remember the earlier post with the chart analysis on it....

I would like to be that confident but in this market atm I'm finding it difficult to see Cable heading back up....hope I'm wrong and there's some strength return to the pound so up moves aren't halted so quickly....
Don't Leave Money on the Table
  • #436,531
  • Aug 12, 2016 12:03pm Aug 12, 2016 12:03pm
Quoting Wdfx
Doji forming on the 15min. I'm off for a curry
That should get you post of the week .. reality ..
  • #436,532
  • Aug 12, 2016 12:07pm Aug 12, 2016 12:07pm
Quoting dean1star
{quote} That should get you post of the week .. reality ..

LOL....that is a good one, I'll vote for that..
Don't Leave Money on the Table
  • #436,533
  • Aug 12, 2016 12:10pm Aug 12, 2016 12:10pm
Quoting Don96
Q support here on GU down until 1.2963... waiting for 1.286/7x and 2/3x to go long for 1.41
Still waiting in 1.286/7 tried a small long here at 1.2918
  • #436,534
  • Aug 12, 2016 12:20pm Aug 12, 2016 12:20pm
Before I go I would have to say this has to be the most perfect head and shoulders pattern of any chart ever.......Daily U/J and I'm sure theres a lot of traders noting this.....might be good for bounce next week???
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 77 KB
Don't Leave Money on the Table
  • #436,535
  • Aug 12, 2016 12:27pm Aug 12, 2016 12:27pm
Quoting HaLBot
{quote} So your saying you expect a bounce from this level going up by at least 100 pips?? Actually I now remember the earlier post with the chart analysis on it.... I would like to be that confident but in this market atm I'm finding it difficult to see Cable heading back up....hope I'm wrong and there's some strength return to the pound so up moves aren't halted so quickly....
if my calculation are correct and timing cycle is on point...... 1.2911 should hold and it should be a pivot swing low.... we shall see!
"W. D. Gann said that time is the most important factor among all things."
  • #436,536
  • Aug 12, 2016 12:41pm Aug 12, 2016 12:41pm
#GBPUSD Long pound 1.2911 / SL 1.2879 / C 1.3309
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #436,537
  • Aug 12, 2016 12:43pm Aug 12, 2016 12:43pm
Quoting Don96
{quote} Still waiting in 1.286/7 tried a small long here at 1.2918
The Don has returned .. been away counting all his monies ,,
  • #436,538
  • Aug 12, 2016 1:28pm Aug 12, 2016 1:28pm
Quoting HaLBot
Before I go I would have to say this has to be the most perfect head and shoulders pattern of any chart ever.......Daily U/J and I'm sure theres a lot of traders noting this.....might be good for bounce next week??? {image}
I have to say I caught +68 pips un the USDJPY yesterday (see 15 min chart enclosed) and was watching the wedge forming however missed it during the US news today. Needless to say if I had been watching it I would probably have gone long at got stopped out. Apologies for going off topic again.

Attached Image (click to enlarge)
Click to Enlarge Name: 120816 USDJPY.JPG Size: 130 KB
Striving for consistency
  • #436,539
  • Aug 12, 2016 1:47pm Aug 12, 2016 1:47pm
Good luck everyone - off on holiday for a week
  • #436,540
  • Aug 12, 2016 2:00pm Aug 12, 2016 2:00pm
Quoting USDollar
#GBPUSD Long pound 1.2911 / SL 1.2879 / C 1.3309 {image}
good one. should be ok
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