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Cable Update (GBPUSD)

  • #437,621
  • Aug 23, 2016 10:21pm Aug 23, 2016 10:21pm
Quoting FastPipn
GU short 1.31813 Target 1.31473
Why are you short right at strong support?
  • #437,622
  • Aug 23, 2016 11:07pm Aug 23, 2016 11:07pm
Today more longs comming... will see. no trades yet
short 1325 tp 1315
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 57 KB
  • #437,623
  • Aug 23, 2016 11:21pm Aug 23, 2016 11:21pm
Credit to here: https://www.tradingview.com/chart/GB...hf3juO-GBPUSD/
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 230 KB
  • #437,624
  • Aug 23, 2016 11:30pm Aug 23, 2016 11:30pm
Quoting Dr.Phoenix
{quote} Taken into consideration... Best D.P.
Thanks
  • #437,625
  • Aug 23, 2016 11:43pm Aug 23, 2016 11:43pm
Quoting yuddy
{quote} dollar is king, sir, brexit is still in the air
Im currently bullish.Firm. One day up and my conviction is super strong.
I'm high on trading, cant you tell?
  • #437,626
  • Aug 24, 2016 12:10am Aug 24, 2016 12:10am
If anyone ever noticed, the bearish crab pattern just completed. I attached in the photo what bearish crab pattern is to those who doesn't know about this pattern. The graph already broke the stubborn support 1380 and next support is last week's high range (1360-1370). Target? God know where it is
Attached Image (click to enlarge)
Click to Enlarge Name: Slide1.JPG Size: 184 KB
  • #437,627
  • Aug 24, 2016 12:37am Aug 24, 2016 12:37am
Quoting nafham
If anyone ever noticed, the bearish crab pattern just completed. I attached in the photo what bearish crab pattern is to those who doesn't know about this pattern. The graph already broke the stubborn support 1380 and next support is last week's high range (1360-1370). Target? God know where it is {image}
Aha hmm nice. But for me looks too complicated.
What I see is my sell signal: bearish divergence and double top on H4.
Shorts placed @1.3175, SL 1.3300. First target 1.3030 (may be revised).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB
buying tops / selling bottoms
  • #437,628
  • Aug 24, 2016 12:58am Aug 24, 2016 12:58am
Quoting voty
{quote} Aha hmm nice. But for me looks too complicated. What I see is my sell signal: bearish divergence and double top on H4. Shorts placed @1.3175, SL 1.3300. First target 1.3030 (may be revised). {image}
I've been waiting for this, I hope not to be sleeping if it develops. Volume decreased seriously on last top. I don't wanna place a sell stop in case it is filled by a weak movement
A good strategy for trading is... the opposite of having a bad strategy.
  • #437,629
  • Edited 1:19am Aug 24, 2016 1:07am | Edited 1:19am
Quoting Fx_Anil
{quote} Thanks
Anil, I have found confirmation for your thoughts. And, Yes, If we break the upper levels up to 3252, we will hit the upper limit mentioned immanently.
I have found what we have the hidden gap of 3175-3280 (!) unfilled daily. We are marking time right at the low of this huge hidden gap. Now I understand why we could not have overcome this huge gap yesterday. There was no power to go through it.

Best
D.P.
Hunting High and Low
  • #437,630
  • Aug 24, 2016 1:19am Aug 24, 2016 1:19am
Quoting nafham
Seem like its beautifully created double top here. With strong divergence signs shown, the graph might falling down tomox. Just need keep on eyes on stubborn support at 1375-1385. {image}
Great job! Got my green pips! What about TP? My is 1.3145, but don't know - take what got or wait.
  • #437,631
  • Aug 24, 2016 1:32am Aug 24, 2016 1:32am
Attached Image (click to enlarge)
Click to Enlarge Name: 24.08.jpg Size: 167 KB

Pound can make one more long movement and just after that go to 1.29. But, we have important zone, and if it will not protected, for long it will dangerous. You can see that zone in little square
  • #437,632
  • Aug 24, 2016 1:35am Aug 24, 2016 1:35am
Quoting Dream_trader
{quote} Great job! Got my green pips! What about TP? My is 1.3145, but don't know - take what got or wait.
well done. TP 3135 sound good or even back to below 3100. Again, I hardly to set specific TP. Most of the time it base on what the latest signs shows. Graphs always changes all the time. As I always remind everyone, no one ever know where the graph will go. Everyone just predicting base on their own analysis and calculation. Sometime we right, sometime we wrong. So what we could do is to open and close the positions at the right time whenever we could.
  • #437,633
  • Aug 24, 2016 1:36am Aug 24, 2016 1:36am
Quoting Fx_Anil
{quote} Thanks
Morning A possible back 3060 your61% I have a 23% there regards B
  • #437,634
  • Aug 24, 2016 1:40am Aug 24, 2016 1:40am
Quoting voty
{quote} Aha hmm nice. But for me looks too complicated. What I see is my sell signal: bearish divergence and double top on H4. Shorts placed @1.3175, SL 1.3300. First target 1.3030 (may be revised). {image}
I know. I hardly to share my thought in here. Dont know why lately I am too generous
Maybe because I want give a highlight and make other traders another thought about what is the possibility and perhaps make them study more about the price action topics. Just want to encourage everyone to be knowledgeable traders. Not a gamblers.
  • #437,635
  • Aug 24, 2016 1:45am Aug 24, 2016 1:45am
Quoting yuddy
{quote} real talk broh,GU home is the pit, but ur emphasis using "must"is quite funny, Lol
Lol.... I also said on my chart too! if it goes higher i increase sell lots
Trading Eternal...... Shiny & Chrome!!!!
  • #437,636
  • Aug 24, 2016 1:55am Aug 24, 2016 1:55am
Quoting elbert3
{quote} Morning A possible back 3060 your61% I have a 23% there regards B
Agree with you E, As always
  • #437,637
  • Aug 24, 2016 1:56am Aug 24, 2016 1:56am
Quoting Dr.Phoenix
{quote} Anil, I have found confirmation for your thoughts. And, Yes, If we break the upper levels up to 3252, we will hit the upper limit mentioned immanently. I have found what we have the hidden gap of 3175-3280 (!) unfilled daily. We are marking time right at the low of this huge hidden gap. Now I understand why we could not have overcome this huge gap yesterday. There was no power to go through it. Best D.P.
Awesome points Dr.Phoenix. All Noted, I wish to see GBPUSD testing 1.3000 magnet again.
  • #437,638
  • Aug 24, 2016 1:59am Aug 24, 2016 1:59am
I agree and thought similarly - not about gap or anything like that... only to the degree that 'we did not have enough power' to go higher but would in due course and before/if ever any great sinkage - I am permanently - basically - bullish the pound -
Quoting Dr.Phoenix
{quote} Anil, I have found confirmation for your thoughts. And, Yes, If we break the upper levels up to 3252, we will hit the upper limit mentioned immanently. I have found what we have the hidden gap of 3175-3280 (!) unfilled daily. We are marking time right at the low of this huge hidden gap. Now I understand why we could not have overcome this huge gap yesterday. There was no power to go through it. Best D.P.
  • #437,639
  • Aug 24, 2016 2:00am Aug 24, 2016 2:00am
Market right on support at 1.3167. Buy?
I'm high on trading, cant you tell?
  • #437,640
  • Aug 24, 2016 2:11am Aug 24, 2016 2:11am
Quoting Sammih
Market right on support at 1.3167. Buy?
my obs is to sell from 3180s
little bit of sense, little bit of luck
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