Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#437,841
Aug 25, 2016 9:12am Aug 25, 2016 9:12am

pointlessfor
Joined Mar 2016 | Status: Trader | 1,612 Posts

Quoting pointlessfor

Disliked

long 3213

Ignored

closed 3202. short 3202

#437,842
Aug 25, 2016 9:18am Aug 25, 2016 9:18am

Afarensis
| Joined May 2012 | Status: Trader | 489 Posts

Close my long in EG very early, NEW SETUP

#437,843
Aug 25, 2016 9:19am Aug 25, 2016 9:19am

Afarensis
| Joined May 2012 | Status: Trader | 489 Posts

Here

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#437,844
Aug 25, 2016 9:40am Aug 25, 2016 9:40am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Bounced around 2nd support e . See it it gets kicked out of bed round 3209 short and short again below 3170

#437,845
Aug 25, 2016 9:43am Aug 25, 2016 9:43am

AntonioC
| Joined Mar 2016 | Status: Trader | 1 Post

I have been short for days. From 30532.

I have been quite stretched for free margin but I have held out for a retrace. Although it has not retraced far enough for an immediate drop I believe that it could fall further after New York lunch.

Cable always seems to have delayed movements after news releases that aren't super important. There has been good news for USD but we see a rise. I think possible that NEW YORK are setting up bull traps. After lunch Its probable to see a big drop down towards 3050 area.

But this is just an opinion folks. GBP is far from its true strength... Has been since 2007. Look at how long its taken to get back to just 1.7000 over the past years.

The lows on GBP are probably here to stay. It could drop to 1 = 1 who knows.

Im staying short for now. Experience tells a story of late moves from New York

#437,846
Aug 25, 2016 9:57am Aug 25, 2016 9:57am

nafham
Joined Dec 2013 | Status: Trader | 73 Posts

Yeah the graph did falling off after bearish crab sign confirmed by double top. Then she landed at 100 fibo that created bearish crab sign. By theory, the graph should diving down after good news from USD however seem like she just cant be bother with that news. Thats telling me the bearish wave isn't good enough. Its likely there are the bulls who just sitting down somewhere waiting to be triggered to make another new high probably tomox. So seem like for the next 24hours just scalp session n volatile till Fed Chair Yellen Speaks

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#437,847
Aug 25, 2016 9:59am Aug 25, 2016 9:59am

pointlessfor
Joined Mar 2016 | Status: Trader | 1,612 Posts

Quoting pointlessfor

Disliked

{quote} closed 3202. short 3202

Ignored

closed 3191

#437,848
Aug 25, 2016 10:03am Aug 25, 2016 10:03am

PowerTrade
| Joined May 2015 | Status: Trader | 374 Posts

Quoting nafham

Disliked

Yeah the graph did falling off after bearish crab sign confirmed by double top. Then she landed at 100 fibo that created bearish crab sign. By theory, the graph should diving down after good news from USD however seem like she just cant be bother with that news. Thats telling me the bearish wave isn't good enough. Its likely there are the bulls who just sitting down somewhere waiting to be triggered to make another new high probably tomox. So seem like for the next 24hours just scalp session n volatile till Fed Chair Yellen Speaks {image}

Ignored

Great insight, but don't you think that 100 fibo could be being tested?

A good strategy for trading is... the opposite of having a bad strategy.

#437,849
Aug 25, 2016 10:05am Aug 25, 2016 10:05am

Daaimali1512
| Joined May 2016 | Status: Trader | 134 Posts

Hi Guys, i would go down from now as i mentioned before 2 weeks ago it has reached the 1.32/.3250 area. Now will go down to 1.25/26 area soon.
So be careful while buying GBP/USD on this stage. it looks very very risky.
For long terms traders it's a great opportunity to go short at least till 1.28 1st TP and 2nd TP 1.2650 3rd Tp 1.250

#437,850
Aug 25, 2016 10:05am Aug 25, 2016 10:05am

Afarensis
| Joined May 2012 | Status: Trader | 489 Posts

[quote=Afarensis;9101922]Close my short, waiting retracement (test trend lines) to enter another short. Divergence in M15 (died cat rebound)

Shorting this on peak of the rebound my sl on be

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#437,851
Aug 25, 2016 10:06am Aug 25, 2016 10:06am

pointlessfor
Joined Mar 2016 | Status: Trader | 1,612 Posts

3182 long

#437,852
Aug 25, 2016 10:10am Aug 25, 2016 10:10am

Wdfx
| Joined Aug 2016 | Status: Trader | 667 Posts

Quoting PowerTrade

Disliked

{quote} Great insight, but don't you think that 100 fibo could be being tested?

Ignored

Cable has made higher highs every day this week. The question is will it recover today to up around the 1.3270 level or has it run out of steam with the major players waiting for the news tomorrow? I am long at present but considering pulling the trade as I am not far from BE ( should have locked in profits earlier). I Will give it a little while yet.

Striving for consistency

#437,853
Aug 25, 2016 10:25am Aug 25, 2016 10:25am

nafham
Joined Dec 2013 | Status: Trader | 73 Posts

Quoting Wdfx

Disliked

{quote} Cable has made higher highs every day this week. The question is will it recover today to up around the 1.3270 level or has it run out of steam with the major players waiting for the news tomorrow? I am long at present but considering pulling the trade as I am not far from BE ( should have locked in profits earlier). I Will give it a little while yet.

Ignored

yeah. in the H4 graph shown that she been knocked her head 4 times since BREXIT. She telling me that the next one she could break it through. Seem like tomox is the biggest day of the month. Either spike or dive.