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Cable Update (GBPUSD)

  • #445,801
  • Nov 28, 2016 3:53am Nov 28, 2016 3:53am
Quoting Derivative92
Targeting 1.22500 {image}
Could be. I closed my position too early. Just less than 5min action.
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  • #445,802
  • Nov 28, 2016 4:03am Nov 28, 2016 4:03am
Quoting pipsandbits
{quote} Could be. I closed my position too early. Just less than 5min action. {image}
Profit is profit though! Do you think we'll see a retrace and continuation or a more aggressive continuation downside?
  • #445,803
  • Nov 28, 2016 4:05am Nov 28, 2016 4:05am
123 800 if it bounces but lets see
  • #445,804
  • Nov 28, 2016 4:21am Nov 28, 2016 4:21am
Quoting Derivative92
{quote} Profit is profit though! Do you think we'll see a retrace and continuation or a more aggressive continuation downside?
Until NY session I see the price stuck (1,245/1,243). Later I think the price will continue downtrend after a small retracement (1,2486/1,2466)
  • #445,805
  • Nov 28, 2016 4:30am Nov 28, 2016 4:30am
Price moves to the point of 1.23684 and may come down to the point of 1.22500. And I guess that the price will return to the channel at 1.24755.
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  • #445,806
  • Nov 28, 2016 4:32am Nov 28, 2016 4:32am
Quoting pipsandbits
{quote} Until NY session I see the price stuck (1,245/1,243). Later I think the price will continue downtrend after a small retracement (1,2486/1,2466)
Yep then lower
after all NY gotta have a piece of this pie
- so they buy back then dump it lower together ..
  • #445,807
  • Nov 28, 2016 4:33am Nov 28, 2016 4:33am
Quoting pipsandbits
{quote} Until NY session I see the price stuck (1,245/1,243). Later I think the price will continue downtrend after a small retracement (1,2486/1,2466)
Something like this.
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  • #445,808
  • Nov 28, 2016 5:06am Nov 28, 2016 5:06am
PA became really choppy at these levels.
What is clear to me is that
1- the 1.25 still shows inhability for bulls to breake higher whatever the reason
2- possibilities to go back to 1.2390 are increasing.

let's see if this 1.2420-1.2430 will contain the move down....

Attached Image (click to enlarge)
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  • #445,809
  • Nov 28, 2016 5:13am Nov 28, 2016 5:13am
have you closed your longs
Quoting dean1star
123 800 if it bounces but lets see
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #445,810
  • Nov 28, 2016 5:22am Nov 28, 2016 5:22am
Quoting Tpak
have you closed your longs {quote}
i cant close them the system works on the principle of a trade makes it or it gets stopped out
this instance is wait and see - and its time of the year with some pips left over so can risk some of them .. it looks like 123 is the aim if there is no bounce and imagine it will be a drop with minimal buy backs till 123 but lets see

down 20 pips in this moment TPAK
  • #445,811
  • Nov 28, 2016 5:42am Nov 28, 2016 5:42am
Quoting dean1star
{quote} i cant close them the system works on the principle of a trade makes it or it gets stopped out this instance is wait and see - and its time of the year with some pips left over so can risk some of them .. it looks like 123 is the aim if there is no bounce and imagine it will be a drop with minimal buy backs till 123 but lets see down 20 pips in this moment TPAK
wel, thats always good to go with your plan, but my chart looks for a possible bounce from 2350 area if trend line holds, otherwise may drop much lower
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #445,812
  • Nov 28, 2016 6:11am Nov 28, 2016 6:11am
Quoting Tpak
{quote} wel, thats always good to go with your plan, but my chart looks for a possible bounce from 2350 area if trend line holds, otherwise may drop much lower
Looking at under 123 now see how it plays .. around 122 800
will look to re-load if we get that far
  • #445,813
  • Nov 28, 2016 6:12am Nov 28, 2016 6:12am
November opening area is around 1.2230 - 1.2253

Would not exclude a 3 days downtrend to get there or even lower.

1.2360/90 should give some reaction.

But still nothing for what I see
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  • #445,814
  • Nov 28, 2016 6:19am Nov 28, 2016 6:19am
bought some 2396

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  • #445,815
  • Nov 28, 2016 6:28am Nov 28, 2016 6:28am
Quoting _BBKing_
bought some 2396 {image}
not much reaction...
will hold but ready to cut
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  • #445,816
  • Nov 28, 2016 6:44am Nov 28, 2016 6:44am
The GBP/USD pair came under fresh selling pressure over the last four hoursl, broken itd support which located at 1.2430 might be heading 2350 even deep.
  • #445,817
  • Nov 28, 2016 6:45am Nov 28, 2016 6:45am
Quoting _BBKing_
{quote} not much reaction... will hold but ready to cut


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  • #445,818
  • Nov 28, 2016 6:59am Nov 28, 2016 6:59am
Quoting _BBKing_
{quote} {image}
out -4

will wait a bit to see what is around this level.
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  • #445,819
  • Nov 28, 2016 7:14am Nov 28, 2016 7:14am
Quoting _BBKing_
{quote} out -4 will wait a bit to see what is around this level.
yes I did reload 1 pip lower @2395. SL now @BE
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  • #445,820
  • Nov 28, 2016 7:18am Nov 28, 2016 7:18am
Quoting _BBKing_
{quote} yes I did reload 1 pip lower @2395. SL now @BE {image}
2390-2400 new support?
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