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Cable Update (GBPUSD)

  • #439,781
  • Sep 12, 2016 9:08am Sep 12, 2016 9:08am
Quoting lolik79
{quote} a lot of opinion about this pair,,,, and thats the one is mine.. and its my swing to go up above 1.33xx

60 pips more to go...
  • #439,782
  • Sep 12, 2016 9:09am Sep 12, 2016 9:09am
Has anyone else noted this, "price seems to have the most action around the last few minutes to the top of the hour"?
I'm high on trading, cant you tell?
  • #439,783
  • Sep 12, 2016 9:12am Sep 12, 2016 9:12am
Quoting lolik79
1.3250 it is,,, then go back up to where its come from.... 1.3370

60 pips more to go.... and then taking short..
  • #439,784
  • Sep 12, 2016 9:13am Sep 12, 2016 9:13am
Quoting yuddy
{quote} 3145 is the bus stop, get ur diving suits ready, the whole FX nation are bearish today and tommorrow.
I never get married to positions. I can change my opinion in an instant.

I have this motto that I say to myself every morning, (stolen from a certain book)

"Good Morning. My name is Sammih, and I am a loser. I have it in me to do serious financial damage to my account"


It puts me on my toes and does not allow me to get over confident with my set ups
I'm high on trading, cant you tell?
  • #439,785
  • Sep 12, 2016 9:17am Sep 12, 2016 9:17am
Quoting Sammih
{quote} I never get married to positions. I can change my opinion in an instant. I have this motto that I say to myself every morning, (stolen from a certain book) "Good Morning. My name is Sammih, and I am a loser. I have it in me to do serious financial damage to my account" It puts me on my toes and does not allow me to get over confident with my set ups
  • #439,786
  • Sep 12, 2016 9:17am Sep 12, 2016 9:17am
Price is at 61% retracement of last wave, I might accumulate some more pounds if price closes above this level
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH461.png Size: 49 KB
I'm high on trading, cant you tell?
  • #439,787
  • Sep 12, 2016 9:22am Sep 12, 2016 9:22am
Quoting Sammih
Price is at 61% retracement of last wave, I might accumulate some more pounds if price closes above this level {image}

agree...
  • #439,788
  • Sep 12, 2016 9:23am Sep 12, 2016 9:23am
A little note: if the move down from tuesday high was liquidation, what you are currently seeing is short covering. Look at the single pips of A period. This is crearly emotional. (for now) So let's see if C period is able to test B period high and eventually remain above it or not.
Ubi maior minor cessat
  • #439,789
  • Sep 12, 2016 9:32am Sep 12, 2016 9:32am
Quoting Lock
A little note: if the move down from tuesday high was liquidation, what you are currently seeing is short covering. Look at the single pips of A period. This is crearly emotional. (for now) So let's see if C period is able to test B period high and eventually remain above it or not.
Friday preUS high at 3326 tested once. It is now weak.Because the test was only a pip above it. Anway the entire liquidation of Friday US session has been corrected now. Let's see if it is able to do the same thing for thursday.
Ubi maior minor cessat
  • #439,790
  • Sep 12, 2016 9:43am Sep 12, 2016 9:43am
Quoting lolik79
{quote} a lot of opinion about this pair,,,, and thats the one is mine.. and its my swing to go up above 1.33xx
Nice call M8
I'm high on trading, cant you tell?
  • #439,791
  • Sep 12, 2016 9:54am Sep 12, 2016 9:54am
Quoting Sammih
Slight divergence {image}
this week 3486 i think
  • #439,792
  • Sep 12, 2016 10:03am Sep 12, 2016 10:03am
would be very interesting if price is at 1.3280 in an hour...
  • #439,793
  • Sep 12, 2016 10:04am Sep 12, 2016 10:04am
Quoting Lock
A little note: if the move down from tuesday high was liquidation, what you are currently seeing is short covering. Look at the single pips of A period. This is crearly emotional. (for now) So let's see if C period is able to test B period high and eventually remain above it or not.
So price went up in short covering mode, leaving behind a lot of single pips in the A-B periods, tested Friday preUS high, found nothing (for now) and went down to correct the single pips, right to the well known 3300 round zone just above the main POC. From here, if it retraces back upwards it will be weak. If instead it will go down some more (below the POC) it could from there make a new stronger attempt up. But it can also decide to remain, as written, around here. In this case we could have an other "P" shaped profile for today pit session, meaning clearly, short covering. Now current d period low is hb of the pit session and round number 3300. So it is very weak.
All this does not mean that price cannot go higher form here. The important thing is to know what is going on and who are the participants ruling this market.
Ubi maior minor cessat
  • #439,794
  • Sep 12, 2016 10:07am Sep 12, 2016 10:07am
Quoting pointlessfor
{quote} this week 3486 i think
I think that level will be hit, maybe 100 pips more

Added long at 3305
I'm high on trading, cant you tell?
  • #439,795
  • Sep 12, 2016 10:18am Sep 12, 2016 10:18am
I have a long too. The pair broke above the resistance trendline of the bearish move to the downside that started on 6th September after forming a double bottom above the support at 1.3240. I think we can expect it to reach at least 1.3400.
  • #439,796
  • Sep 12, 2016 10:26am Sep 12, 2016 10:26am
Quoting Sammih
{quote} I think that level will be hit, maybe 100 pips more Added long at 3305

time to sleep now... let the market decide for tomorrow...
good night everyone....
  • #439,797
  • Sep 12, 2016 10:28am Sep 12, 2016 10:28am
Quoting dianajs
I have a long too. The pair broke above the resistance trendline of the bearish move to the downside that started on 6th September after forming a double bottom above the support at 1.3240. I think we can expect it to reach at least 1.3400.
Agreed. Today's possible range, I suppose
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH13320.png Size: 39 KB
I'm high on trading, cant you tell?
  • #439,798
  • Sep 12, 2016 10:29am Sep 12, 2016 10:29am
#GBPUSD pound could rally but will be short lived..... 1.3325 strong hold for now.... still on the sidelines waiting for the right time to buy
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #439,799
  • Sep 12, 2016 10:32am Sep 12, 2016 10:32am
Quoting Sammih
{quote} In the Book reminiscences of a stock broker, he says that if he'd rather not be short, then he'd rather be long. Its not always like that with the markets but in this case, since 3305 was your SL, do you now change view to long or is this a better selling area? This has always been a problem for me with tight stops, I need someone with some experience. I use 50 pip stops, and about 50% of the time, price reverses back to win.
It always seems to happen when I go out with the dogs!!

Stopped out but back in short at 3305 --
Striving for consistency
  • #439,800
  • Sep 12, 2016 10:37am Sep 12, 2016 10:37am
Quoting Sammih
{quote} I think that level will be hit, maybe 100 pips more Added long at 3305
Apparently you don't believe in Bollinger Bands (BB). 3305 is at mid-BB/H4 from south. In most of the cases, a 50 pip drop from here is normal. If it wouldn't the candle patterns will direct. In effect, it's somewhat early to declare longs from here.
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