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Cable Update (GBPUSD)

  • #438,161
  • Aug 28, 2016 5:59pm Aug 28, 2016 5:59pm
Gbp/Usd has recovered from a small gap down, the immediate support level can be found around 1.3100 level, break below it could mean further decline.
  • #438,162
  • Aug 28, 2016 8:08pm Aug 28, 2016 8:08pm
Quoting Don96
larger 1.3068/44 for longs on GU... better RR looking at 1.2911/1.2888 hopefully we get down there this week... i still have 1.24x as a bear target minimal without 1.35xx being beaten, 1.2841 1.274/5 are last longs i will have... tight stops and largest lot size i was waiting for 1.331/1.334 to go short, they didnt come so i am not in.... larger stilll i have 1.20x being met it may become invalid, will post when it sets up
Following you on this journey .. or is it an adventure lol ..
  • #438,163
  • Aug 29, 2016 1:14am Aug 29, 2016 1:14am
Attached Image (click to enlarge)
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Pound has good potential to down movement.
Almost all of past week it was above 1.32 and that can make good resistance level. Today i'm waiting test that resistance then and start movement to 1.29
  • #438,164
  • Aug 29, 2016 1:33am Aug 29, 2016 1:33am
GBP USD down, the next target is 1.3020

Then we'll see
Attached Image (click to enlarge)
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  • #438,165
  • Aug 29, 2016 3:02am Aug 29, 2016 3:02am
See where its at by the end of the Day ..
Attached Image (click to enlarge)
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  • #438,166
  • Aug 29, 2016 5:43am Aug 29, 2016 5:43am
Good morning everyone.... Where is cable going today?
My thoughts are that it is going down but may get a bounce at 3080 before continuing down through 3040 to 3005
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4H 290816.JPG Size: 217 KB
Striving for consistency
  • #438,167
  • Aug 29, 2016 6:00am Aug 29, 2016 6:00am
Quoting Wdfx
Good morning everyone.... Where is cable going today? My thoughts are that it is going down but may get a bounce at 3080 before continuing down through 3040 to 3005 {image}
Looking to go short somewhere between 3100/3110 sl above 3130. lets see if it gets back up there.
Striving for consistency
  • #438,168
  • Aug 29, 2016 6:05am Aug 29, 2016 6:05am
It should go further south until data release.

notice divergence
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-29 at 14.04.02.png Size: 115 KB
  • #438,169
  • Aug 29, 2016 6:06am Aug 29, 2016 6:06am
Quoting Don96
larger 1.3068/44 for longs on GU... better RR looking at 1.2911/1.2888 hopefully we get down there this week... i still have 1.24x as a bear target minimal without 1.35xx being beaten, 1.2841 1.274/5 are last longs i will have... tight stops and largest lot size i was waiting for 1.331/1.334 to go short, they didnt come so i am not in.... larger stilll i have 1.20x being met it may become invalid, will post when it sets up
ill take them, it may bring 1.347x/4x

..71/47 are the same number
  • #438,170
  • Aug 29, 2016 6:10am Aug 29, 2016 6:10am
further down for me,
don't know about your charts

hold shorts
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-29 at 14.09.26.png Size: 107 KB
  • #438,171
  • Aug 29, 2016 6:31am Aug 29, 2016 6:31am
yay

breakout

hold shorts
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-29 at 14.31.09.png Size: 106 KB
  • #438,172
  • Aug 29, 2016 6:48am Aug 29, 2016 6:48am
You know what to do....right.





Do not be greedy and always ready to learn.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ECONOMIC CALENDAR FOR TODAY..png Size: 231 KB
  • #438,173
  • Aug 29, 2016 6:54am Aug 29, 2016 6:54am
I have a short on this pair, my target is at 1.3020, but I think it will likely fall lower than that level.
  • #438,174
  • Aug 29, 2016 6:55am Aug 29, 2016 6:55am
Quoting actionmoney
You know what to do....right. Do not be greedy and always ready to learn. {image} {image}
Thanks for this
Striving for consistency
  • #438,175
  • Aug 29, 2016 7:00am Aug 29, 2016 7:00am
Quoting Wdfx
{quote} Thanks for this
You are welcome.



Trade carefully.
  • #438,176
  • Aug 29, 2016 7:06am Aug 29, 2016 7:06am
easy as one two three
Attached Image (click to enlarge)
Click to Enlarge Name: cable1h290816.png Size: 129 KB
twitter: @gettoefl
  • #438,177
  • Aug 29, 2016 7:12am Aug 29, 2016 7:12am
Data release soon.

Don't be greedy
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  • #438,178
  • Aug 29, 2016 7:14am Aug 29, 2016 7:14am
Quoting james1254
I have a short on this pair, my target is at 1.3020, but I think it will likely fall lower than that level.
Good call

If you follow Elliot Wave principle then there will be a pull back now, afterwhich this should happen ......
Attached Image (click to enlarge)
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  • #438,179
  • Aug 29, 2016 7:28am Aug 29, 2016 7:28am
towards 2870?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 17 KB
trading is simple but is simple is not easy.
  • #438,180
  • Aug 29, 2016 7:29am Aug 29, 2016 7:29am
532 Pips, shorts now closed.

See how it plays out next 24 hours to go long
Might be 48 hours lets see
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-ifcmarkets-corp.png Size: 99 KB
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