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Cable Update (GBPUSD)

  • #438,101
  • Aug 26, 2016 1:11pm Aug 26, 2016 1:11pm
Quoting Temujin
{quote} The media set up a Dovish Fed perfectly only to be more HAWKISH in reality. I escaped that trade and went long USD/JPY. The recent UK data showed no Brexit impact and that propelled the pound off of the 130 area support level but with the rate cut, a ton of QE every month and the more hawkish leaning US FED the longer term trend on GBP/USD is down, down, down to 1.28 at least. SHORT now from 1.3176. .
yes . i am short from 3188. 3035 target
  • #438,102
  • Aug 26, 2016 1:16pm Aug 26, 2016 1:16pm
you can see ,buy into this weekly is risky ,information on w1 before it closed ,D1 was liable to fail

Quoting Bones
i show you what I mean ,to hit target you have to change the weekly ,including open {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 eur GBP (DFB).png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,103
  • Aug 26, 2016 1:22pm Aug 26, 2016 1:22pm
here my analyse
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 47 KB
  • #438,104
  • Aug 26, 2016 1:31pm Aug 26, 2016 1:31pm
power of pretty shooting star ,

Quoting Bones
x {image}
Attached Image (click to enlarge)
Click to Enlarge Name: d1 eur usd USD (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,105
  • Aug 26, 2016 1:35pm Aug 26, 2016 1:35pm
Quoting kk300
shorted @1.3270
How did you know that you could short at that level for sure? I mean it broke previous high and it could continue to go up further.
  • #438,106
  • Aug 26, 2016 1:39pm Aug 26, 2016 1:39pm
Quoting Bones
you can see ,buy into this weekly is risky ,information on w1 before it closed ,D1 was liable to fail {quote} {image}
Yes, no broke my key point yet, i am out of this trade
  • #438,107
  • Aug 26, 2016 2:24pm Aug 26, 2016 2:24pm
Long @ 31230, T/P1 @ 33250, T/P2 @ 33520

Best
D.P.
Hunting High and Low
  • #438,108
  • Aug 26, 2016 2:25pm Aug 26, 2016 2:25pm
hi there - notice that the gbp jpy pair did find its day low as far as I can see, during London. from observation all gbp pairs generally meaning most of the time bar central bank jerking us around like they always do - all gbp pairs will make their high or low during Frankfurt open through first 2-3 hours of London. gbp usd today didn't bec of the central bank.

I will be reposting this to make sure people see it. I am in Hawaii and it is impossible to trade from here except with this method, and get sleep, and remain sane.

this isn't vanity that I reposted bec I have been deluged with stress and job until I quit, and when I quit I needed to find something that would work FOR ME. I want to make sure others see it bec I think it will help them - that's my entire motivation - I don't think others will necessarily read the entire gbp usd thread to catch up

this method requires you know how to analyze what you are seeing during that window and through experience anyone can
  • #438,109
  • Aug 26, 2016 2:26pm Aug 26, 2016 2:26pm
yea I noticed ,I thought that was good ,a good trade

Quoting Afarensis
{quote} Yes, no broke my key point yet, i am out of this trade
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,110
  • Aug 26, 2016 2:32pm Aug 26, 2016 2:32pm
Quoting aarontdang
{quote} Great weeks !!!!!! 😍😍😍😍😍 wish every week was like this .... {image}
Great week!

But you have leave open some trades...why?!
  • #438,111
  • Aug 26, 2016 2:50pm Aug 26, 2016 2:50pm
Quoting MarkoTrd
{quote} Great week! But you have leave open some trades...why?!


I was greedy... and didn't have stop loss
I was trying to have fun ....You can't have fun with $$$$
Learn big lesson again ...I always have stoploss for the whole week...
Stupid me ... Hopefully I learned this lesson ....use stoploss and play small ...
End up with Profit of $6,700 for the week ... handle multiple accounts are hard...
gonna combine into single one, so can take loss based on movement quicker
  • #438,112
  • Aug 26, 2016 3:02pm Aug 26, 2016 3:02pm
Quoting Dr.Phoenix
Long @ 31230, T/P1 @ 33250, T/P2 @ 33520 Best D.P.
Catch the train
Let the market come to you, patience is the key !
  • #438,113
  • Aug 26, 2016 3:02pm Aug 26, 2016 3:02pm
Quoting voty
{quote} Hmm nice, so barely missed stop during the peaks (30 pips away from 130 pips SL). Now kissing my entry level 1.3175. I've reloaded more shorts during the move against me so currently sitting on some nice profit and tempted to close them... 1st target revised to @1.3135, 2nd is @1.3050 and 3rd @1.2900. All three slightly above Fibonacci levels 61.8, 100 and 161.8 from the last move. {image}
I've closed all my shorts around 1.3150. Probably too soon as I think we are heading down to reach my TP2 and TP3 eventually in the following weeks...
I critically looked on the trade and the first entry was a total disaster, I should have never open at this time.
Also some profit on EU, AU, NU shorts. All closed. I feel a bit over trading lately, will take some break next week.
buying tops / selling bottoms
  • #438,114
  • Aug 26, 2016 3:06pm Aug 26, 2016 3:06pm
Quoting smokjr
{quote} Catch the train
The next 2-3 days will show.
But now I am still bullish.
Targets are still valid.

Best
D.P.
Hunting High and Low
  • #438,115
  • Aug 26, 2016 3:14pm Aug 26, 2016 3:14pm
Quoting Dr.Phoenix
Long @ 31230, T/P1 @ 33250, T/P2 @ 33520 Best D.P.
Your longs should be ok depends on how much is your trade and your acc size . Gl regards E
  • #438,116
  • Aug 26, 2016 3:15pm Aug 26, 2016 3:15pm
Quoting Dr.Phoenix
{quote} The next 2-3 days will show. But now I am still bullish. Targets are still valid. Best D.P.
Look at my post to Anil
  • #438,117
  • Aug 26, 2016 3:18pm Aug 26, 2016 3:18pm
Quoting voty
{quote} I've closed all my shorts around 1.3150. Probably too soon as I think we are heading down to reach my TP2 and TP3 eventually in the following weeks... I critically looked on the trade and the first entry was a total disaster, I should have never open at this time. Also some profit on EU, AU, NU shorts. All closed. I feel a bit over trading lately, will take some break next week.
Adding a chart for clarity:
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-08-26 19_30-[GBPUSD,H1]- close.png Size: 25 KB
buying tops / selling bottoms
  • #438,118
  • Aug 26, 2016 3:25pm Aug 26, 2016 3:25pm
http://www.wheresmystop.com/TradingtheNews3.html
  • #438,119
  • Aug 26, 2016 3:32pm Aug 26, 2016 3:32pm
tade plan for gbp jpy ,I'm already long ,you may find next is a bullish open,otherwise buy off that doji high previous ,add usd jpy coming up off big round number,
cable I'm not sure other than I think will find support
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 plan JPY (DFB).png Size: 27 KB
Click to Enlarge Name: usd JPY (DFB).png Size: 28 KB
Click to Enlarge Name: gbp JPY d1 use (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,120
  • Aug 26, 2016 3:46pm Aug 26, 2016 3:46pm
Quoting elbert3
{quote} Look at my post to Anil
Do you mean you were saying about the unfilled hidden gap of 3057 and higher?
If Yes, I saw it, It is possible.

Best
D.P.
Hunting High and Low
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