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Cable Update (GBPUSD)

  • #443,661
  • Oct 13, 2016 12:49pm Oct 13, 2016 12:49pm
Quoting Scoobidoobi
{quote} Like your RR 1:2 trade but 98% your stop will be taken out as bears will take control selling any rally < 1.2325
Yes, if no strength up, I will close position before midnight CET. We will see what Asia will do. Not every day ADR must be met.

Fundamentally this is reaction to parliament having a vote on UK strategy and seems like some people think GBP is oversold. On Oanda cheat cheet you can see big interest in shorting 1.23. But these are retail players, I will have to see reaction to 1.23, but historically there was no reaction really. But to 1.2325 yes.

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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #443,662
  • Oct 13, 2016 12:51pm Oct 13, 2016 12:51pm
Can be low to 2232?
  • #443,663
  • Oct 13, 2016 12:58pm Oct 13, 2016 12:58pm
Inserted Video
  • #443,664
  • Oct 13, 2016 12:59pm Oct 13, 2016 12:59pm
Quoting 4xxxx4
Can be low to 2232?
i am waiting 2213 to go long.
  • #443,665
  • Oct 13, 2016 1:01pm Oct 13, 2016 1:01pm
Quoting SadiaQureshi
{quote} If 4 Hrs candle close above 2210 will you be going long ???
the daily TF, the weekly TF and the monthly is tell what we shall eventually go....down, down, down 1.2040 is coming soon
  • #443,666
  • Oct 13, 2016 1:01pm Oct 13, 2016 1:01pm
Quoting Scoobidoobi
{quote} Bears not over for long time, they will give bulls some hope before sinking to new lows below weekly low 1.2088 with another headline "Therasa May rejects some proposal for article 50 blah blah..." in thin trading conditions... Fed gonna raise rates end of Nov 2016 post US elections Vs BOE talking about more QE to stimulate economy in Nov + Brexit confusion ongoing tussle UK vs EU USD stronger than > GBP . fading any gbp rally is the best option.
we should not be deceived, gbp will sink link a stone in the pond
  • #443,667
  • Oct 13, 2016 1:18pm Oct 13, 2016 1:18pm
Quoting uncletrumpet
{quote} we should not be deceived, gbp will sink link a stone in the pond
i think it's fair to say that it already has..
  • #443,668
  • Oct 13, 2016 1:25pm Oct 13, 2016 1:25pm
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #443,669
  • Oct 13, 2016 1:58pm Oct 13, 2016 1:58pm
Quoting pointlessfor
{quote} yes could go 2950 easy . from here. i have one long from 2180 . will see
 
Sure  
Buy more
 
Did you mean 1.12950?
Beware of robber banks (RB), bad advisors.
  • #443,670
  • Oct 13, 2016 2:06pm Oct 13, 2016 2:06pm
Hi Sammih ,
Do you expect it to move 2300 to 2400?
  • #443,671
  • Oct 13, 2016 2:35pm Oct 13, 2016 2:35pm
Quoting Sammih
Possible play in action {image}
don't do that...please
  • #443,672
  • Oct 13, 2016 3:16pm Oct 13, 2016 3:16pm
GBPUSD, current 1.2246, || direction down to 1.22 (just guessing)
  • #443,673
  • Oct 13, 2016 4:17pm Oct 13, 2016 4:17pm
Looking at 2250 as base camp after 2100 was not hit to that it higher ? Still hoping with my no 4 chart for now . The big payoff is 2670 area
  • #443,674
  • Oct 13, 2016 5:07pm Oct 13, 2016 5:07pm
Quoting elbert3
Looking at 2250 as base camp after 2100 was not hit to that it higher ? Still hoping with my no 4 chart for now . The big payoff is 2670 area
Now it looks like a top ? We go with the flow keep an eye on this here fail then below 2000 is a possible
  • #443,675
  • Oct 13, 2016 5:45pm Oct 13, 2016 5:45pm
I still think down..

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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #443,676
  • Oct 13, 2016 5:47pm Oct 13, 2016 5:47pm
i like your chart and your prediction about GBP/USD ... and i am with you i am holding my short till 1.18 - 1.15
Quoting Almo2312
I still think down.. {image}
Its not about the money, its about the game, the game between people.
  • #443,677
  • Oct 13, 2016 5:48pm Oct 13, 2016 5:48pm
Quoting Suvorov
https://youtu.be/UhnI2T0AWNE
Nice drawing skill
  • #443,678
  • Oct 13, 2016 6:08pm Oct 13, 2016 6:08pm
Quoting elbert3
Looking at 2250 as base camp after 2100 was not hit to that it higher ? Still hoping with my no 4 chart for now . The big payoff is 2670 area
Yes, I've got those levels too and also one at 1.3160 - sadly (for me) the 'Flash Crash' has me 8% down this month so I must be extra vigilant with any entries here and this is where the challenge currently sits...Namely where to start building back into a Long swing position when there is still a so far down to test the FC low..?

My gut instinct tells me 1.200 is there to be tested with several brokers having that area marked as a low - whilst other brokers go way deeper.

This is how I'm seeing it right now..and if we launch straight up from here - it will be without my money..
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  • #443,679
  • Oct 13, 2016 7:12pm Oct 13, 2016 7:12pm
May I get a book title or two so I can try and carry on a conversation in this Forum!
  • #443,680
  • Oct 13, 2016 8:02pm Oct 13, 2016 8:02pm
This is how the market works. I warned a position SW at 1.22500 before. It is down slightly from this position. This is attracting sell orders before going to 1.23250. The information on my chart says that if it goes up 1.22500 again to make sure 1.23250 if no we will see a down.
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