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Cable Update (GBPUSD)

  • #446,801
  • Dec 22, 2016 10:41am Dec 22, 2016 10:41am
Quoting Derivative92
{quote} Hope that helps you understand my logic! {image}
Watching this area for longs now
  • #446,802
  • Dec 22, 2016 11:24am Dec 22, 2016 11:24am
morning open
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+
  • #446,803
  • Dec 22, 2016 2:11pm Dec 22, 2016 2:11pm
Quoting Ill-b-back
{quote} ba ha ha ha, tricked again {image}
taken out the 2301 low, now looking for bullish signs from the grey

In line with the Institutional Forex Credo of maximum damage


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Come with me if you want to live....
  • #446,804
  • Dec 22, 2016 2:51pm Dec 22, 2016 2:51pm
would it open gap up morning > what d ya guys think
Think Think Think.
  • #446,805
  • Dec 22, 2016 3:06pm Dec 22, 2016 3:06pm
Quoting Derivative92
{quote} Watching this area for longs now
If you look at my post 446792 you will see two horizontal black lines... These are the range levels and we are now sitting exactly on the lower one for the past 2.5 hours.

I don't have a clue which way this is going to go now because all the targets have been hit.
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  • #446,806
  • Dec 22, 2016 5:42pm Dec 22, 2016 5:42pm
the overall setup is not really good .. and we are almost xmas time + end of year shakes..
but i'm thinking to buy.

eventually a move up can happen to reach back into 1.24 area.
that would not mean reversal, just possibility to move stops @BE or cut some profits to reload the position near these levels with a small advantage..

question is about SL.
tight or large?
tight = a spike will fuckout. and I expect spikes at these levels rather than / before any clean move
large = misinterpretation of the current situation.

once decided where to stop it, I will get in, and reload lower in case of stop out.
could mean looking the trade in profits for 40pips then stop @be for some 3-4 or more times.

supports: 1.2290 - 1.2250 - 1.2200 - 1.21area etc..
target: 1.2950.
90% of traders use TA, indicators and prediction
  • #446,807
  • Dec 22, 2016 8:43pm Dec 22, 2016 8:43pm
GBPUSD going down stronger than ever in every chart almost...

Attached Image
It is the dust where you came from & it is the dust where you shall return
  • #446,808
  • Dec 22, 2016 10:01pm Dec 22, 2016 10:01pm
Quoting infernal199
GBPUSD going down stronger than ever in every chart almost... {image}
Â
The moment everyone starts saying 'go down' , then it shoots up and vice-versa. This is how forex market works.
Â
  • #446,809
  • Dec 22, 2016 10:12pm Dec 22, 2016 10:12pm
Quoting Forexgain
{quote} The moment everyone starts saying 'go down' , then it shoots up and vice-versa. This is how forex market works.
not for a while.... already crossed support line a while ago perhaps a new low will begin soon enough... but in any case, Forex market is like weather any thing can happen at any time

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It is the dust where you came from & it is the dust where you shall return
  • #446,810
  • Dec 23, 2016 12:24am Dec 23, 2016 12:24am
Inserted Video
  • #446,811
  • Dec 23, 2016 1:21am Dec 23, 2016 1:21am
Quoting Elinagw
beginning to be oversold. I was short, just exited 80% of the orders. Moved SL=+5pips. Target 1.22694.
Target reached,closed. Waiting for next opportunity.
Learn something new everyday.
  • #446,812
  • Dec 23, 2016 1:41am Dec 23, 2016 1:41am
Is it just me or is there really just low volatility today?
Patience and Discipline, these are the Holy Grail.
  • #446,813
  • Dec 23, 2016 1:46am Dec 23, 2016 1:46am
Quoting marcnathan88
Is it just me or is there really just low volatility today?
Japanese holiday
Don't trust me. I'm still newbie
  • #446,814
  • Dec 23, 2016 1:47am Dec 23, 2016 1:47am
Quoting infernal199
GBPUSD going down stronger than ever in every chart almost... {image}
Somehow it has broken 1.23000. A strong support at this time. It could be going down stronger indeed. Will just have to see what it's doing for the day.
Patience and Discipline, these are the Holy Grail.
  • #446,815
  • Dec 23, 2016 2:01am Dec 23, 2016 2:01am
Quoting marcnathan88
{quote} Somehow it has broken 1.23000. A strong support at this time. It could be going down stronger indeed. Will just have to see what it's doing for the day.
yap... but most prolly nothing will happen today, instead storm coming from next week at the beginning!
It is the dust where you came from & it is the dust where you shall return
  • #446,816
  • Dec 23, 2016 2:12am Dec 23, 2016 2:12am
Quoting infernal199
{quote} yap... but most prolly nothing will happen today, instead storm coming from next week at the beginning!
Well I guess volatility is low today. Whatever that storm is hope I can make some good pips out of it.
Patience and Discipline, these are the Holy Grail.
  • #446,817
  • Dec 23, 2016 2:15am Dec 23, 2016 2:15am
Quoting niubee
{quote} Japanese holiday
Thanks for the heads up. Guess I just have to sit it out for today and wait till next week.
Patience and Discipline, these are the Holy Grail.
  • #446,818
  • Dec 23, 2016 2:36am Dec 23, 2016 2:36am
Went short - targeting 22382.
Learn something new everyday.
  • #446,819
  • Dec 23, 2016 2:52am Dec 23, 2016 2:52am
final tp here hope i reach today or monday 1,2203
  • #446,820
  • Dec 23, 2016 3:02am Dec 23, 2016 3:02am
Quoting Windstrown
final tp here hope i reach today or monday 1,2203
It is possible - let's wait and see. My final tp is 22199.
Learn something new everyday.
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