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Cable Update (GBPUSD)

  • #438,581
  • Edited 5:52am Sep 1, 2016 5:18am | Edited 5:52am
Quoting Don96
watching 1.3265
Not bad
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  • #438,582
  • Sep 1, 2016 5:20am Sep 1, 2016 5:20am
Quoting dean1star
{quote} True can't say you didnt have the trade long from 3 days ago at 130 800 base position via the ADR ..
True, my inexperience shows. I need to do some more swatting up on this indicator.

Now for the next question.... Is it going to get up to 3275/80 or will it retrace??
Striving for consistency
  • #438,583
  • Sep 1, 2016 5:21am Sep 1, 2016 5:21am
A picture

Best
D.P.
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Hunting High and Low
  • #438,584
  • Sep 1, 2016 5:22am Sep 1, 2016 5:22am
Quoting digger1
{quote} Dont know if ya ever master it , ya just get better at managing it , that and the gbpaud is bout like juggling flaming bowling pins standing on keg of dynamite in an earthquake ,,,, it leaves scars lol
Leaves Scars.......

Say hello to my little friend.....Gbp/Jpy

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Don't Leave Money on the Table
  • #438,585
  • Sep 1, 2016 5:40am Sep 1, 2016 5:40am
cup formation... handle ahead...
  • #438,586
  • Sep 1, 2016 6:05am Sep 1, 2016 6:05am
sell @ 3255 and 3244.. lets see if we can retrace to 3220,3195 or 3160.. those are the targets..
  • #438,587
  • Sep 1, 2016 6:06am Sep 1, 2016 6:06am
Quoting kk300
cup formation... handle ahead...
I am actually thinking we just finished the handle from a bigger cup (look at the cup formed from 3-25 August)...
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  • #438,588
  • Sep 1, 2016 6:07am Sep 1, 2016 6:07am
Quoting Wdfx
Guess what everyone..... I was out walking the dogs. Had a long order on at 1:3130 missed it by 2 pips... sometimes you can be too clever. I need a smack on the head.
Thought you're following up the trade after quoting my post that you got few pips. Currently someone is trying to hack my pc, the forexfactory webpage keep bringing up a javascript pop-up, which is making it difficult to use FF. Don't know what i've done to deserve such.
  • #438,589
  • Sep 1, 2016 6:10am Sep 1, 2016 6:10am
Quoting kostas1
{quote} I am actually thinking we just finished the handle from a bigger cup (look at the cup formed from 3-25 August)... {image}
  • #438,590
  • Sep 1, 2016 6:13am Sep 1, 2016 6:13am
Quoting kostas1
{quote} I am actually thinking we just finished the handle from a bigger cup (look at the cup formed from 3-25 August)... {image}
yeah that could be as well..
  • #438,591
  • Sep 1, 2016 6:13am Sep 1, 2016 6:13am
Quoting actionmoney
{quote} Thought you're following up the trade after quoting my post that you got few pips. Currently someone is trying to hack my pc, the forexfactory webpage keep bringing up a javascript pop-up, which is making it difficult to use FF. Don't know what i've done to deserve such.
I was going to go long but though I would grab a few pips before hand... Your post, as well as others convinced who were all going long me to change. I just got my entry point wrong by 2 pips. It is very frustration sometimes ...
Striving for consistency
  • #438,592
  • Sep 1, 2016 6:14am Sep 1, 2016 6:14am
Quoting kostas1
{quote} I am actually thinking we just finished the handle from a bigger cup (look at the cup formed from 3-25 August)... {image}
Absolutely correct: The trend is heading south soon. Let's say in 2-3hrs from now the handle will be formed. lol
  • #438,593
  • Sep 1, 2016 6:16am Sep 1, 2016 6:16am
hmm looks flag formed. ok more up comming. 3300 - 3455 should be ok
after small retrace to 3220 thinking
  • #438,594
  • Sep 1, 2016 6:24am Sep 1, 2016 6:24am
Quoting pointlessfor
hmm looks flag formed. ok more up comming. 3300 - 3455 should be ok after small retrace to 3220 thinking
It's possible but the train will still head south. There is nothing bad in having a round trip. Enter on the way to north and drop @North bus-stop to Re-enter @North heading back south. Pips gathering along the road. Just saying...
  • #438,595
  • Sep 1, 2016 6:31am Sep 1, 2016 6:31am
looks to me like we are heading to 1.344, perhaps today, probs tomorrow
  • #438,596
  • Sep 1, 2016 6:56am Sep 1, 2016 6:56am
Quoting actionmoney
{quote} Absolutely correct: The trend is heading south soon. Let's say in 2-3hrs from now the handle will be formed. lol
I just think your not taking into account some very important fundamental news that's just come out. We haven't had a bullish spike like that in some time and it's because of a Stella Markit Manufacturing PMI for August and that needs to be factored in when making decisions to trade.
If Brekit was having such a negative impact on the British economy then the reading should have been somewhere around 45 so that says to Traders the economy isn't in such bad shape therefore be crazy to sell the Pound when others come in and buy it....

Yes, trade Technically but understand what Fundamentals do...
Don't Leave Money on the Table
  • #438,597
  • Sep 1, 2016 7:01am Sep 1, 2016 7:01am
Quoting actionmoney
{quote} Absolutely correct: The trend is heading south soon. Let's say in 2-3hrs from now the handle will be formed. lol
I am new in trading, please will you explain what mean trend is heading south soon ?? what it means ?? Thanks
  • #438,598
  • Sep 1, 2016 7:02am Sep 1, 2016 7:02am
Sell GBPUSD 132.64 pending.
  • #438,599
  • Sep 1, 2016 7:05am Sep 1, 2016 7:05am
Quoting earlroy63
Sell GBPUSD 132.64 pending.
on that price i will buy
  • #438,600
  • Sep 1, 2016 7:06am Sep 1, 2016 7:06am
#GBPUSD pound so far is showing bullish PA..... liking what I see...... I chose to follow planetary cycle over price and time cycle and its paying off......Rock On
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"W. D. Gann said that time is the most important factor among all things."
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