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Cable Update (GBPUSD)

  • #446,001
  • Dec 1, 2016 5:01am Dec 1, 2016 5:01am
Quoting Derivative92
{quote} Exactly the same for me but I went for 2/3rds of my usual! Hindsight, eh!
I know - I'm totally kicking myself. Oh well, at least we turned a profit, right? - Although I expect the market to at least test the 1.2600 level, I went ahead and cashed out at 1.2589 - didn't want to risk having to sit here a few hours longer suffering through a possible retrace to 1.2550.
Writer, currency trader, madman
  • #446,002
  • Dec 1, 2016 5:02am Dec 1, 2016 5:02am
1.2680/1.27 has some resistance.. let's see..
When Scalpers win, I lose and Vice varsa...
  • #446,003
  • Dec 1, 2016 5:03am Dec 1, 2016 5:03am
Quoting Derivative92
{quote} Took profit, done for the day, didn't trust those last 15 pips. I think we'll see a retrace of that push and then further advance tomorrow before some selling.
when I said few hours I was about to write "few minutes" but would not sound too much bullish biased.

itchiy finger was about to sell @2580
avoided and prefered to let it run

looks like it's having her revenge right now.
90% of traders use TA, indicators and prediction
  • #446,004
  • Dec 1, 2016 5:04am Dec 1, 2016 5:04am
Quoting jbmaverick
Patting myself on the back with one hand for buying at 1.2512 (daily pivot R1 line)...slapping myself in the face with the other hand for only buying half as many lots as I usually daytrade. I was just chicken, thinking, "Oh, come on, it can't be this easy". WRONG - sometimes it CAN be that easy.
same here
I bought every dip in last weeks for a very strong size.

till yesterday when for some reasons entered shy.
luckily added today on the dip.

let's see where goes
90% of traders use TA, indicators and prediction
  • #446,005
  • Dec 1, 2016 5:07am Dec 1, 2016 5:07am
Quoting pipshaman
I've missed the buy. Guys, where do you see a good support to buy again or a good resistance to sell? Thanks and all the best!
this is pre nfp overdrive, carefully setting positions for bears, if not today then tommorrow. at the moment carefully timing where to snipe this bull, it jus got into the kill zone!! pals get ur sniper rifle ready bull in kill zone !!!
  • #446,006
  • Dec 1, 2016 5:08am Dec 1, 2016 5:08am
Quoting _BBKing_
{quote} ...itchiy finger was about to sell @2580 avoided and prefered to let it run....
Wise decision. If you were a bear selling at 1.2550, you just got bitch-slapped by the market...If you were a bear selling at 1.2500, you're probably suicidal by now.

1.2620 is the daily pivot R3, so it may stall out and retrace some from here - but I'd be really wary of selling this market at any level at the moment. My mom always told me not to jump in front of speeding trains.
Writer, currency trader, madman
  • #446,007
  • Dec 1, 2016 5:08am Dec 1, 2016 5:08am
Quoting jbmaverick
{quote} I know - I'm totally kicking myself. Oh well, at least we turned a profit, right? - Although I expect the market to at least test the 1.2600 level, I went ahead and cashed out at 1.2589 - didn't want to risk having to sit here a few hours longer suffering through a possible retrace to 1.2550.
Same at 1.25850. You're a braver man than me.
  • #446,008
  • Dec 1, 2016 5:16am Dec 1, 2016 5:16am
Let's put this way:
if this is the release of that 1month accumulation between 1.2380 and 1.2550..... price will explode up to at least 1.27 area before calming down.

if it is "just a move" ... we will see it back to 1.25 before day ends.

I move my stop @be in higher entry. we never know what's next.
90% of traders use TA, indicators and prediction
  • #446,009
  • Dec 1, 2016 5:20am Dec 1, 2016 5:20am
Quoting yuddy
{quote} this is pre nfp overdrive, carefully setting positions for bears, if not today then tommorrow. at the moment carefully timing where to snipe this bull, it jus got into the kill zone!! pals get ur sniper rifle ready bull in kill zone !!!
ooops!!! this is the oil rally blah blah reasons,hmmmn,this bull might get another reason to go higher. but so early in london session, some hundred plus pips have been bagged by bulls,huhhhh!!!
  • #446,010
  • Dec 1, 2016 5:20am Dec 1, 2016 5:20am
Meanwhile please ... vote

http://www.forexfactory.com/showthread.php?t=619349
90% of traders use TA, indicators and prediction
  • #446,011
  • Dec 1, 2016 5:24am Dec 1, 2016 5:24am
I'm not claiming to be a prophet here, but if your trading idea for the day was to buy at the daily pivot point around 1.2460...you might be waiting awhile before you see that order filled.
Writer, currency trader, madman
  • #446,012
  • Dec 1, 2016 5:31am Dec 1, 2016 5:31am
One can now clearly see yesterday's plunge to 1.2420 as the classic Gbp/Usd fakeout to the downside before doing a rocket shot.
Just thankful to God that I'm long from much lower, so I wasn't close to being scared out.
Writer, currency trader, madman
  • #446,013
  • Dec 1, 2016 5:38am Dec 1, 2016 5:38am
This bull move is really a surprise. I was selling because I thought it's gonna be bear today. Luckily I set trailing stop and being cashed out with small pips. Better than getting busted. Congrats for the bullers today.
  • #446,014
  • Dec 1, 2016 5:41am Dec 1, 2016 5:41am
Quoting luck002
This bull move is really a surprise. I was selling because I thought it's gonna be bear today. Luckily I set trailing stop and being cashed out with small pips. Better than getting busted. Congrats for the bullers today.
Hey, anyone who's never been hugely surprised by Gbp/Usd...hasn't been trading it very long.
Writer, currency trader, madman
  • #446,015
  • Dec 1, 2016 5:42am Dec 1, 2016 5:42am
SHS done and som pull back
Attached Image (click to enlarge)
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  • #446,016
  • Dec 1, 2016 6:04am Dec 1, 2016 6:04am
before you open a sell after 100 pip north I can help you out
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,017
  • Dec 1, 2016 6:04am Dec 1, 2016 6:04am
Quoting yuddy
{quote} this is pre nfp overdrive, carefully setting positions for bears, if not today then tommorrow. at the moment carefully timing where to snipe this bull, it jus got into the kill zone!! pals get ur sniper rifle ready bull in kill zone !!!
Very GBP-supportive comments from Brexit minister, David Davis, talking up a soft exit, with the possibility mooted of the UK paying a fee to retain full access to the single market.
  • #446,018
  • Dec 1, 2016 6:05am Dec 1, 2016 6:05am
the previous open is a bear problem

Quoting Bones
ok see how this puppy opens {quote} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,019
  • Dec 1, 2016 6:14am Dec 1, 2016 6:14am
h12 v h1 you cant see it

Quoting Bones
ok see how this puppy opens {quote} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 USD (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,020
  • Dec 1, 2016 6:29am Dec 1, 2016 6:29am
guess you been recovering after the vote leave

Quoting gammase1
{quote} Very GBP-supportive comments from Brexit minister, David Davis, talking up a soft exit, with the possibility mooted of the UK paying a fee to retain full access to the single market.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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