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Cable Update (GBPUSD)

  • #442,241
  • Oct 3, 2016 1:16pm Oct 3, 2016 1:16pm
Quoting Wdfx
{quote} I'm long too. In at 2850
UK PMI data was good earlier so this could be an up into ASIA and then UK takes it back tomorrow on price action following this low.
A possible scenario of course if your long that is.

129 zone might just confirm a poss return to 130 zone. Prior to NFP 130 might sit well on price before NFP
All probabilities of course. Nothing ever guaranteed esp with this pair.
  • #442,242
  • Oct 3, 2016 1:18pm Oct 3, 2016 1:18pm
Quoting Sammih
there are no absolutes in the market, but unless price breaks above 1.3(magenta line - it took all of three months to break these trendlines) in next 48hrs, a sell with a tp of 1.27 looks good. and whats this with crowd mentality? whatever happened to trading what you see? {image}
I see a strong reversal (bull) candle on the 4h from a major level of support at 2828
Striving for consistency
  • #442,243
  • Oct 3, 2016 1:20pm Oct 3, 2016 1:20pm
Quoting hamidabdiyan
i am long too from 49 and 72 lets see what happen and these traders long too {image}
Sell GBPUSD 1.2868
TP 1.2500(+368)
SL 1.297(-102)
I'm high on trading, cant you tell?
  • #442,244
  • Oct 3, 2016 1:25pm Oct 3, 2016 1:25pm
i think this is these days is end of bearish on pond maybe go some lower with a quick shadow but market go back
  • #442,245
  • Oct 3, 2016 1:27pm Oct 3, 2016 1:27pm
might...might...might...might
  • #442,246
  • Oct 3, 2016 1:28pm Oct 3, 2016 1:28pm
Quoting Wdfx
{quote} I see a strong reversal (bull) candle on the 4h from a major level of support at 2828
that candle looks very bullish. but the context! I mean, not unlsess you are scalping for a few pips, the context is too bearish. but if you are right, there is over 1000 pips to be made being bullish, but be ready to jump ship at the first sign of danger. look at your chart, from the 30mins chart to the yearly chart, its all too bearish to ignore.

ill tell you this, those who try to pick tops and bottoms have to be ready to be wrong countless times so that they are right once.

those who follow the trend, will stay with the trend for as long as possible and will have to give up about 40% of the move; 20% when its turning and 20% when it turns again.

there is absolutely no way to catch 100% of the move. We could both see things differently and still end up profitable. its all a matter of conviction with your system and your discipline to follow it through the losses.
I'm high on trading, cant you tell?
  • #442,247
  • Oct 3, 2016 1:31pm Oct 3, 2016 1:31pm
Quoting hamidabdiyan
i think this is these days is end of bearish on pond maybe go some lower with a quick shadow but market go back
its quite possible, whats your analysis. i mean, why do you think so?
I'm high on trading, cant you tell?
  • #442,248
  • Oct 3, 2016 1:34pm Oct 3, 2016 1:34pm
With the recent changes in the posting format, I hope quality posts will return or be seen on most of the threads.

KP
Do your homework, follow the footprints of smart money
  • #442,249
  • Oct 3, 2016 1:34pm Oct 3, 2016 1:34pm
With the recent changes in the posting format, I hope quality posts will return to or be seen on most of the threads.

KP
Do your homework, follow the footprints of smart money
  • #442,250
  • Oct 3, 2016 1:38pm Oct 3, 2016 1:38pm
Picked up some more longs @ 1.2825
"W. D. Gann said that time is the most important factor among all things."
  • #442,251
  • Oct 3, 2016 1:41pm Oct 3, 2016 1:41pm
if 1.2900 break in weekly time we can go down but i think we go up and its not happen

be careful
Attached Image (click to enlarge)
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  • #442,252
  • Oct 3, 2016 1:44pm Oct 3, 2016 1:44pm
Being long on GU is like picking up pennies in front of a train.
A good trade is a long trade not taken. Just short the crap out if on every up move.

Attached Image (click to enlarge)
Click to Enlarge Name: maxresdefault.jpg Size: 160 KB
Please add more indicators, I still see the real price! Thanks!
  • #442,253
  • Oct 3, 2016 2:11pm Oct 3, 2016 2:11pm
Quoting Crackpot
Being long on GU is like picking up pennies in front of a train. A good trade is a long trade not taken. Just short the crap out if on every up move. {image}
The trend is your friend until the bend in the end, it's not always a bend sometimes it's a point, points hurt more than a bend
  • #442,254
  • Oct 3, 2016 2:13pm Oct 3, 2016 2:13pm
Quoting Sammih
{quote} that candle looks very bullish. but the context! I mean, not unlsess you are scalping for a few pips, the context is too bearish. but if you are right, there is over 1000 pips to be made being bullish, but be ready to jump ship at the first sign of danger. look at your chart, from the 30mins chart to the yearly chart, its all too bearish to ignore. ill tell you this, those who try to pick tops and bottoms have to be ready to be wrong countless times so that they are right once. those who follow the trend, will stay with the trend for as...
If I look post brexit vote I see cable ranging somewhere between 1.35xx and 1.28xx. I see that we are at the bottom of that range at present. I would not confirm long yet until I see higher lows and higher highs. This may be some time off. Sentiment would suggest that Cable is going to fall further as USD interest rates are projected to rise post election and brexit will be initiated in the spring. I am looking at a short term window of a few days. At present I see cable going up. I may see something different tomorrow. I am probably wrong
Striving for consistency
  • #442,255
  • Oct 3, 2016 2:15pm Oct 3, 2016 2:15pm
Quoting Wdfx
{quote} If I look post brexit vote I see cable ranging somewhere between 1.35xx and 1.28xx. I see that we are at the bottom of that range at present. I would not confirm long yet until I see higher lows and higher highs. This may be some time off. Sentiment would suggest that Cable is going to fall further as USD interest rates are projected to rise post election and brexit will be initiated in the spring. I am looking at a short term window of a few days. At present I see cable going up. I may see something different tomorrow. I am probably wrong...
Cool post there WD - but the thing is when your wrong you say so which is rare as most people around here love to put up a trade when it makes it but when not they stay silent hoping no one notices .. or their prediction fails again they stay quiet .. sign of the times .i guess . staying long now till wednesday.
  • #442,256
  • Oct 3, 2016 2:49pm Oct 3, 2016 2:49pm
Buy the big dips for me the gap will close one day but small accounts will close if you don't scalp trade the shorts too they just pay for the stock your holding this could see 2700 areas and even the confirmation of the Britx move down
  • #442,257
  • Oct 3, 2016 2:50pm Oct 3, 2016 2:50pm
Any fresh short entries right here could be a dangerous play (imo) but who knows how far a trend will go...


There is a post Brexit gap, unfinished business at 1.3160 and Sunday open gap on my charts still to fill..clearly a downtrend but is it reaching exhaustion?

For me the mid timeframes are suggesting this may be the case and I've added into longs.

1st target 1.2920 (the easier part)
2nd target 1.3160 (more work involved)
  • #442,258
  • Oct 3, 2016 3:16pm Oct 3, 2016 3:16pm
Quoting dean1star
{quote} Cool post there WD - but the thing is when your wrong you say so which is rare as most people around here love to put up a trade when it makes it but when not they stay silent hoping no one notices .. or their prediction fails again they stay quiet .. sign of the times .i guess . staying long now till wednesday.
Cheers Dean. I am on this forum to learn and not to prove that I am a great trader. Hopefully I will contribute at times as well.
Striving for consistency
  • #442,259
  • Oct 3, 2016 3:18pm Oct 3, 2016 3:18pm
If if . If that candle patten is an inverted flag then the numbers 1.100 ???????? Really let's hope not
  • #442,260
  • Oct 3, 2016 3:21pm Oct 3, 2016 3:21pm
Quoting FXClarity
Any fresh short entries right here could be a dangerous play (imo) but who knows how far a trend will go... There is a post Brexit gap, unfinished business at 1.3160 and Sunday open gap on my charts still to fill..clearly a downtrend but is it reaching exhaustion? For me the mid timeframes are suggesting this may be the case and I've added into longs. 1st target 1.2920 (the easier part) 2nd target 1.3160 (more work involved)
There is a far higher gap and this might sound crazy 1.6400 has to be a very long term number to watch when the tren changed
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