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Cable Update (GBPUSD)

  • #438,201
  • Aug 29, 2016 8:56am Aug 29, 2016 8:56am
Quoting Wdfx
Looks like I may have given it the kiss of death (or should I say life..) I'm short. looking for it to go south again.
agreed,
rejection above ichi cloud.


(unlike NZD)

I'm short short G/NZ

long-term trade.
Attached Image(s) (click to enlarge)
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  • #438,202
  • Aug 29, 2016 9:03am Aug 29, 2016 9:03am
1.308x didn't break
confirmed reversal for me

G/NZ doing GREAT

take a look

breakout soon
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-29 at 17.03.04.png Size: 78 KB
  • #438,203
  • Edited 9:26am Aug 29, 2016 9:11am | Edited 9:26am
I managed to unscrew myself from a long position on cable from 1.32
by using the compounding technique with counter trend buys all through the way down from Friday.

pro-trend trades are more profitable but get less fun for a contrarian thinker that would burn himself out without understanding and managing psyche and proper risk and money management skills
  • #438,204
  • Aug 29, 2016 9:18am Aug 29, 2016 9:18am
long @ 3063
  • #438,205
  • Aug 29, 2016 9:45am Aug 29, 2016 9:45am
here comes big boys..
  • #438,206
  • Aug 29, 2016 9:55am Aug 29, 2016 9:55am
Update my chart up-down-up (imo)
Attached Image (click to enlarge)
Click to Enlarge Name: gu15m29082016.png Size: 60 KB
  • #438,207
  • Aug 29, 2016 9:57am Aug 29, 2016 9:57am
volume coming in like hell....
  • #438,208
  • Aug 29, 2016 10:05am Aug 29, 2016 10:05am
...the usd-index....
  • #438,209
  • Aug 29, 2016 10:10am Aug 29, 2016 10:10am
http://www.fxstreet.de.com/charts/usdollar-index/
  • #438,210
  • Aug 29, 2016 10:11am Aug 29, 2016 10:11am
http://www.fxstreet.de.com/charts/usdollar-index/
  • #438,211
  • Aug 29, 2016 10:12am Aug 29, 2016 10:12am
Quoting actionmoney
{quote} In 1h 18m GU will fall some more, which is not bad if you catch some few pips.
1 hour 56 now has the train left the station ?
  • #438,212
  • Aug 29, 2016 10:23am Aug 29, 2016 10:23am
buying until 3170...
  • #438,213
  • Aug 29, 2016 10:31am Aug 29, 2016 10:31am
Quoting salmani-one
...the usd-index....
something like this
Attached Image (click to enlarge)
Click to Enlarge Name: dxy15m29082016.png Size: 47 KB
  • #438,214
  • Aug 29, 2016 10:35am Aug 29, 2016 10:35am
Quoting elbert3
{quote} 1 hour 56 now has the train left the station ?
Stoking it with some coal.
  • #438,215
  • Aug 29, 2016 10:47am Aug 29, 2016 10:47am
Quoting rythmrig
{quote} Stoking it with some coal.
Let's hope it's full steam ahead lol
  • #438,216
  • Aug 29, 2016 11:03am Aug 29, 2016 11:03am
Quoting Afarensis
{quote} something like this {image}
...YEP....
  • #438,217
  • Aug 29, 2016 11:10am Aug 29, 2016 11:10am
Quoting salmani-one
{quote} ...YEP....
The USDX is a good indicator for GBPUSD too....
  • #438,218
  • Aug 29, 2016 11:30am Aug 29, 2016 11:30am
The low for the day is 1.3059. Is it going to get lower?
Striving for consistency
  • #438,219
  • Aug 29, 2016 12:53pm Aug 29, 2016 12:53pm
Quoting Wdfx
The low for the day is 1.3059. Is it going to get lower?
Might re-test during asia or into uk open.
  • #438,220
  • Aug 29, 2016 12:55pm Aug 29, 2016 12:55pm
#GBPUSD took a quick scalp on pound short @ 1.3130 / C @ 1.3070...... I'm still not convinced that it will go lower...... there are planetary cycle that are in conflict with other cycle.... so I'm playing it safe.... as for now the MM cycle are stronger.... but you never know ​
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"W. D. Gann said that time is the most important factor among all things."
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