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Cable Update (GBPUSD)

  • #442,701
  • Oct 6, 2016 8:26am Oct 6, 2016 8:26am
2600 - 2590 i see bounce. maybe reverso will see.
  • #442,702
  • Edited 8:38am Oct 6, 2016 8:28am | Edited 8:38am
Long 1.26366, SL -9 pips. We have reached monthly channel low.
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  • #442,703
  • Oct 6, 2016 8:28am Oct 6, 2016 8:28am
Quoting pointlessfor
{quote} well done mate. mine is still holding. 2611
I'm high on trading, cant you tell?
  • #442,704
  • Oct 6, 2016 8:32am Oct 6, 2016 8:32am
Quoting Don96
top and bottom white lines are minimal targets for both sides... lower than the red line more likely invalidates top white line target... vice versa... I already posted good place to long from 1.2870 at the start of week... better place is 1.283x, ill have biggest longs from there to target 1.38 minimum 1.41 at a stretch {image}
its the 1.2410 that has prevailed... 1.2570 is another min target for bears... i dont expect US to increase IR, maybe December, elections too close, they will find excuses


now lets see on this long...
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  • #442,705
  • Oct 6, 2016 8:40am Oct 6, 2016 8:40am
GU Short 1.2650 Target 1.2620
Just 20 pips a day to riches
  • #442,706
  • Oct 6, 2016 8:43am Oct 6, 2016 8:43am
Quoting FastPipn
GU Short 1.2650 Target 1.2620
Nope, up we go. Monthly channel low has been triggered.
  • #442,707
  • Oct 6, 2016 8:45am Oct 6, 2016 8:45am
Quoting Nabz
{quote} Nope, up we go. Monthly channel low has been triggered.
Sure, look at weekly - it will turn into bullish pin bar, right?
Please add more indicators, I still see the real price! Thanks!
  • #442,708
  • Oct 6, 2016 8:46am Oct 6, 2016 8:46am
EUR/GBP and GBP/CHF both have hit their major daily trendlines today. My main postions are short E/G.

However G/U I have decided the following longs to target 1.31 then hopefully add to my postion as we go.

1st long @ 126.25

2nd order @ 1.2590.

See what happens risk/reward is huge

edit - I still believe we are due a 61.8% correction as I previously posted.
  • #442,709
  • Oct 6, 2016 8:47am Oct 6, 2016 8:47am
Quoting Nabz
{quote} Nope, up we go. Monthly channel low has been triggered.
As ussualy Gu move up than fall more deep
  • #442,710
  • Oct 6, 2016 8:52am Oct 6, 2016 8:52am
Quoting el_duende
{quote} What happened to the smart money and your sources?
Patience, smart money accumulate
Make money by doing the opposite of Giveachance aka loser
  • #442,711
  • Oct 6, 2016 8:58am Oct 6, 2016 8:58am
Quoting nessus94
{quote} Patience, smart money accumulate
I hope so as it would benefit my postion
  • #442,712
  • Oct 6, 2016 8:59am Oct 6, 2016 8:59am
Quoting Crackpot
{quote} Sure, look at weekly - it will turn into bullish pin bar, right?
Not likely, but bounces upward should be expected in this range, unless it breaks this channel, in that case. We are heading to parity zone.
  • #442,713
  • Oct 6, 2016 9:01am Oct 6, 2016 9:01am
Bigger buyers are there, getting ready
Make money by doing the opposite of Giveachance aka loser
  • #442,714
  • Oct 6, 2016 9:02am Oct 6, 2016 9:02am
Quoting nessus94
Bigger buyers are there, getting ready
how would you be able to tell that
  • #442,715
  • Oct 6, 2016 9:05am Oct 6, 2016 9:05am
Quoting Don96
{quote} how would you be able to tell that

maybe he is the one of the bigger buyer..
  • #442,716
  • Oct 6, 2016 9:09am Oct 6, 2016 9:09am
Quoting lolik79
{quote} maybe he is the one of the bigger buyer..
His dad is the director of HSBC bank
  • #442,717
  • Oct 6, 2016 9:13am Oct 6, 2016 9:13am
pound approaching strong .

will go long with stop loss around 1.2550
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  • #442,718
  • Oct 6, 2016 9:14am Oct 6, 2016 9:14am
Quoting Don96
{quote} how would you be able to tell that

Volume analysis dude
Make money by doing the opposite of Giveachance aka loser
  • #442,719
  • Oct 6, 2016 9:14am Oct 6, 2016 9:14am
Quoting el_duende
{quote} His dad is the director of HSBC bank

I wish
Make money by doing the opposite of Giveachance aka loser
  • #442,720
  • Oct 6, 2016 9:14am Oct 6, 2016 9:14am
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