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Cable Update (GBPUSD)

  • #445,301
  • Nov 9, 2016 4:23am Nov 9, 2016 4:23am
Quoting FXClarity
{quote} Could be a very wise move, GU will still be around tomorrow if you'd rather not expose yourself to the chaos that's coming over the next 24 hours. Personally I'm keeping busy with NZD - if GU drops I'll get involved - if it goes above that mother Bar I've missed that leg...Not the end of the world either way and I don't chase trades.
I mostly just sat back and watched the chaos unfold. And it was a good idea, because now GBP/USD is back where it was yesterday, despite the high volatility.
  • #445,302
  • Edited 5:07am Nov 9, 2016 4:24am | Edited 5:07am
Quoting hippiedog
I can see 1.2532 as TP from here or below. I am just sitting on the sideline though. Not trading this week.
Done
FREEDOM IS SECURITY.
  • #445,303
  • Nov 9, 2016 4:34am Nov 9, 2016 4:34am
month
Attached Image (click to enlarge)
Click to Enlarge Name: 1 USD month (DFB).png Size: 38 KB
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  • #445,304
  • Nov 9, 2016 5:28am Nov 9, 2016 5:28am
Quoting Nala66
{quote} This is interesting I just plotted the monthly chart to get a handle on the coming year and it looks like we have hit the bottom. Months are too far away for my trading. Maybe someone else has got something similar with a different method {image}
GU would still maintain it's north drive until rate change news, however it's gonna be win win for bulls and bears.
  • #445,305
  • Nov 9, 2016 6:11am Nov 9, 2016 6:11am
Quoting yuddy
{quote} GU would still maintain it's north drive until rate change news, however it's gonna be win win for bulls and bears.
Yeah, its all just gone very sloppy though hasn't it...If you were short you'd probably stay short and if long probably stay Long..Right now is a bit no mans land (imo).

The elections effect has all been a bit pedestrian really...After Brexit and the Flash Crash it seems rather lame. Mind you, perhaps that wasn't such a bad thing.

I've sadly witnessed several traders blow up this year..The markets in 2016 have been a rather odd affair.
  • #445,306
  • Nov 9, 2016 6:13am Nov 9, 2016 6:13am
Quoting dianajs
{quote} I mostly just sat back and watched the chaos unfold. And it was a good idea, because now GBP/USD is back where it was yesterday, despite the high volatility.
Nothing at all wrong with that and all counts as valuable experience in every traders development.

Observing whilst flat allows greater objectivity for most of us.
  • #445,307
  • Nov 9, 2016 6:25am Nov 9, 2016 6:25am
7:15 =1.24 15 Why to me it s clear that the upmove is over...??? We had such a tremendous show in E./$ and BP was unable to immitate. Just managed to close the gap. Both reversals are very decisive imo.....
A move below 1.23 50 will be the strawberry on the cake .
  • #445,308
  • Nov 9, 2016 7:13am Nov 9, 2016 7:13am
Quoting F.g
7:15 =1.24 15 Why to me it s clear that the upmove is over...??? We had such a tremendous show in E./$ and BP was unable to immitate. Just managed to close the gap. Both reversals are very decisive imo..... A move below 1.23 50 will be the strawberry on the cake .
chop chop train

i prefer the south

[email protected]
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #445,309
  • Nov 9, 2016 8:17am Nov 9, 2016 8:17am
This and last week is the perfect example that

you can read Forum posts, but never ever believe or get influenced by others. NEVER !!

Trust only your analysis equal who and what the other say. !!

Try to understand what they want to say, consider it, learn from them, BUT make your own decisions !!!

And if you dont know what to do, then screw it and dont trade it.

Since 00 Am i banked 962 pips only for today. Not to count last week
from where i shortet at the peak, while 90% others dreamt about 1.26 - 1.28
backed of wishful thinking !! (?)

I really dont want to boast, im just so happy.
I had 2 really hard weeks and thats is the reward now.

I 'gambled' high done great analysis every day,
had short trades open over the elections, and.. i WON !

Greets.

Mucho Happy Toranaga San !!

ps. It was a small lot size, so i still cant retire
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  • #445,310
  • Nov 9, 2016 8:35am Nov 9, 2016 8:35am
Congrats! Good point regarding trading your own analysis and making your own trading decisions.

KP

Quoting Toranaga
This and last week is the perfect example that you can read Forum posts, but never ever believe or get influenced by others. NEVER !! Trust only your analysis equal who and what the other say. !! Try to understand what they want to say, consider it, learn from them, BUT make your own decisions !!! And if you dont know what to do, then screw it and dont trade it....i banked 962 pips only for today....I really dont want to boast, im just so happy. I had 2 really hard weeks and thats is the reward now...
Do your homework, follow the footprints of smart money
  • #445,311
  • Nov 9, 2016 8:54am Nov 9, 2016 8:54am
Quoting Dr.Zain
GBP/USD Intraday: Under pressure. The pair recorded a succession of lower tops and lower bottoms since Nov 4, which confirms a negative view. As long as 1.2445 holds on the upside, look for a further drop toward 1.2350 and 1.2310 in extension. Above 1.2445, look for further upside with 2500 and.2560.
GBP/USD keeps the neutral outlook and is expected to trade within 1.2250 and 1.2550 in the next weeks.
  • #445,312
  • Nov 9, 2016 9:06am Nov 9, 2016 9:06am
Quoting Dr.Zain
{quote} GBP/USD keeps the neutral outlook and is expected to trade within 1.2250 and 1.2550 in the next weeks.
It's welcome to do so.for now GU is under the weather of brexit and policies of Yellen and co NOT Mr Trump. So speculation is as it were even pre election .bring them coming pals.
  • #445,313
  • Nov 9, 2016 9:42am Nov 9, 2016 9:42am
cable super strong this afternoon (2nd after dollar), eur completely tanking .. hm.
  • #445,314
  • Nov 9, 2016 9:57am Nov 9, 2016 9:57am
Btw. Breaking News.

Our new President just started working.

Here is his first interview with HCs (former) PR Advisor.

Inserted Video


Go Trump Go !!!
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  • #445,315
  • Nov 9, 2016 10:01am Nov 9, 2016 10:01am
Is the oil report not good for dollar, why is GU flying high?
  • #445,316
  • Nov 9, 2016 10:19am Nov 9, 2016 10:19am
Quoting yuddy
Is the oil report not good for dollar, why is GU flying high?
frenzy market ..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #445,317
  • Nov 9, 2016 10:22am Nov 9, 2016 10:22am
well done America ,the right decision guess you have to put up with the 'oh so right bright' experts too
look forward to the elections next year EU will be worried today
the people are not happy thats what this is all about

on a side note Tump will be better UK too

Quoting Bones
not a lot of change in 14 days ,have to see how we open ,Tuesday new month flash wick has held back moves to downside ,but failure to capitalise on that wick has held buyers 2 week is doji after wick ,prob not enough on its own to feel overly bullish thinking about gaps USD I have looked into Clinton and Trump seems to me the most distasteful is Clinton by a long way could well be a surprise on the horizon ,USDX gives insight into the ugly nature cable trend spending considerable portion of year in side mode {quote} {image} {image} {image} {image}...
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  • #445,318
  • Nov 9, 2016 10:29am Nov 9, 2016 10:29am
An update.
Ubi maior minor cessat
  • #445,319
  • Nov 9, 2016 10:33am Nov 9, 2016 10:33am
usdx went all the way to the bottom of its channel ,Trumps s level speech seemed to spark the rally
but that high is not easy

Quoting Bones
not a lot of change in 14 days ,have to see how we open ,Tuesday new month flash wick has held back moves to downside ,but failure to capitalise on that wick has held buyers 2 week is doji after wick ,prob not enough on its own to feel overly bullish thinking about gaps USD I have looked into Clinton and Trump seems to me the most distasteful is Clinton by a long way could well be a surprise on the horizon ,USDX gives insight into the ugly nature cable trend spending considerable portion of year in side mode {quote} {image} {image} {image} {image}...
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  • #445,320
  • Nov 9, 2016 10:59am Nov 9, 2016 10:59am
Asia loses it's gains in just 6hrs,phewwww. GJ over 600pips since Asian session
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