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Cable Update (GBPUSD)

  • #446,481
  • Dec 12, 2016 3:19am Dec 12, 2016 3:19am
resistance at 2614 seems to be holding for now, still expecting to see 2500 soon
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  • #446,482
  • Dec 12, 2016 5:09am Dec 12, 2016 5:09am
Long 126 - from the 9th Dec.
Chart copy ..
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  • #446,483
  • Dec 12, 2016 6:15am Dec 12, 2016 6:15am
61% fibo and trend line resistance
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  • #446,484
  • Dec 12, 2016 6:19am Dec 12, 2016 6:19am
2614 has given way...
long entry to upper trendline
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  • #446,485
  • Dec 12, 2016 6:34am Dec 12, 2016 6:34am
Shorting potential not so far away but staying long for a short while.
  • #446,486
  • Dec 12, 2016 7:02am Dec 12, 2016 7:02am
still long,
  • #446,487
  • Dec 12, 2016 7:22am Dec 12, 2016 7:22am
only sell !!!
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  • #446,488
  • Dec 12, 2016 7:25am Dec 12, 2016 7:25am
Quoting adalis
only sell !!! {image}
TRAP.
  • #446,489
  • Dec 12, 2016 7:27am Dec 12, 2016 7:27am
Quoting MarkoTrd
{quote} TRAP.

Yes trap for buyers
  • #446,490
  • Dec 12, 2016 7:39am Dec 12, 2016 7:39am
Quoting adalis
{quote} Yes trap for buyers
short time (1-2 monthly) maybe...
  • #446,491
  • Dec 12, 2016 7:49am Dec 12, 2016 7:49am
I'm for a continuation upward.
Tight SL and will move @BE pretty soon (also not really a great entry). Wouldn't be a smart approach letting any long in case of move down from here.
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  • #446,492
  • Dec 12, 2016 7:53am Dec 12, 2016 7:53am
Quoting _BBKing_
I'm for a continuation upward. Tight SL and will move @BE pretty soon (also not really a great entry). Wouldn't be a smart approach letting any long in case of move down from here. {image}
out 50% @2652 (cutted higher entry)
now SL is BE + 10

no matter where it goes, I'm anyway safe.
Target 2740 but will be looking closely in case we meet 2680-2700 area.
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  • #446,493
  • Dec 12, 2016 8:14am Dec 12, 2016 8:14am
Is this thing finally moving to the 1.29?

Atm I increased my TP @1.2790
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  • #446,494
  • Dec 12, 2016 8:18am Dec 12, 2016 8:18am
Quoting MarkoTrd
{quote} short time (1-2 monthly) maybe...
close long, flat now :-)
  • #446,495
  • Dec 12, 2016 8:22am Dec 12, 2016 8:22am
Quoting _BBKing_
Is this thing finally moving to the 1.29? Atm I increased my TP @1.2790
What changed significant in the last days (since last week) that led you to this conclusion ??
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  • #446,496
  • Dec 12, 2016 8:23am Dec 12, 2016 8:23am
Quoting _BBKing_
{quote} out 50% @2652 (cutted higher entry) now SL is BE + 10 no matter where it goes, I'm anyway safe. Target 2740 but will be looking closely in case we meet 2680-2700 area.
"anyway safe" is a good position to be in. I was pretty much right with you on this. Bought it early, in the Sydney session, at 1.2575 - closed half at 1.2635, then bought it right back at 1.2625 - closed out everything except a very small position, and my long-term longs, at 1.2656.
Also scooped up some Gbp/Aud at 1.6850.

If I hadn't already made my money for the day, I'd consider a small short position here just looking for a retrace to maybe 1.2620-1.2600, but I'm not risking it at this point - just don't need to risk taking a loss and cutting into what was pretty much an easy money win for the day.
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  • #446,497
  • Dec 12, 2016 8:23am Dec 12, 2016 8:23am
Quoting Toranaga
{quote} What changed significant in the last days (since last week) that led you to this conclusion ??
I just see price behavior not exactly moving down nor pulling back from any of the resistances found between 1.2560 and actual rate 1.2670
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  • #446,498
  • Dec 12, 2016 8:27am Dec 12, 2016 8:27am
Quoting jbmaverick
{quote} "anyway safe" is a good position to be in. I was pretty much right with you on this. Bought it early, in the Sydney session, at 1.2575 - closed half at 1.2635, then bought it right back at 1.2625 - closed out everything except a very small position, and my long-term longs, at 1.2656. Also scooped up some Gbp/Aud at 1.6850. If I hadn't already made my money for the day, I'd consider a small short position here just looking for a retrace to maybe 1.2620-1.2600, but I'm not risking it at this point - just don't need to risk taking a loss and...
yes I do always try to catch the "safe" way mostly when the position is heavy enough to allow me.
Of course I would like to hold 100% of size when price goes in my favour, but this can happen or not.
So best way is a tight stop, and move at BE asap.
I prefer losing few pips and see price turning in previous way, than losing a lot of pips and see price turning in previous way.

you got great entry btw!
I saw it in the morning but I prefered leaving it for some hours!
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  • #446,499
  • Dec 12, 2016 8:30am Dec 12, 2016 8:30am
Quoting Toranaga
{quote} What changed significant in the last days (since last week) that led you to this conclusion ??
also... mine is not a conclusion... was asking ideas of those 70-90 people viewing the page
as said, i will be ready to close anywhere in case of 2680-2700 area will be visited.
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  • #446,500
  • Dec 12, 2016 9:03am Dec 12, 2016 9:03am
Quoting _BBKing_
I'm for a continuation upward. Tight SL and will move @BE pretty soon (also not really a great entry). Wouldn't be a smart approach letting any long in case of move down from here. {image}
moved SL @ entry +1
overall a BE + 18 on the position.

leaving to its destiny till tokyo opening time when I will be back on charts.

good luck everyone
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