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Cable Update (GBPUSD)

  • #448,321
  • Jan 29, 2017 11:27am Jan 29, 2017 11:27am
Each to their own, chaps.

Results first, method second.

Where do you guys think cable will open tonight?
  • #448,322
  • Jan 29, 2017 11:38am Jan 29, 2017 11:38am
Quoting Luzbay
Where do you guys think cable will open tonight?
I would say 1.2570, then some consolidation then down it goes...
Yep yep yep, that's it...
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  • #448,323
  • Jan 29, 2017 11:46am Jan 29, 2017 11:46am
Quoting Luzbay
My current thoughts on the week ahead for GBPUSD are as follows -- Open approximately where we closed on Friday - no big gaps. Price to bounce around without much range until a rise to the 1.2575 area and then a fall to 1.2415. I have no open positions as I type these thoughts, but I'll try and get in a short at around the 1.257 area, if price goes as above. Does anyone else have thoughts on the pair, for the week ahead?
My thoughts (almost) exactly!
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  • #448,324
  • Jan 29, 2017 11:52am Jan 29, 2017 11:52am
Quoting Luzbay
{quote} My thoughts (almost) exactly! {image}
Hahahaha, you are a funny guy Luzbay

Inserted Video
  • #448,325
  • Jan 29, 2017 11:59am Jan 29, 2017 11:59am
I must admit, I feel really good about the markets this week.

For once, I've been able to spent a good amount of time, reflect and plan over the weekend - so I'm raring to get going this week.

It's going to be a hot one!!
  • #448,326
  • Jan 29, 2017 12:07pm Jan 29, 2017 12:07pm
Quoting Mr Breakout
{quote} I would say 1.2570, then some consolidation then down it goes... Yep yep yep, that's it... {image}
Yep, just what I expected, the cable just gapped up to 1.2570 on the FXCM trading station.

Now let's see...
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  • #448,327
  • Jan 29, 2017 12:09pm Jan 29, 2017 12:09pm
Quoting Mr Breakout
{quote} Yep, just what I expected, the cable just gapped up to 1.2570 on the FXCM trading station. Now let's see... {image}
Very interesting.

We are suspiciously close to this action with our analysis - tread carefully!

Either that, or we've absolutely nailed it! Ha ha.
  • #448,328
  • Jan 29, 2017 12:19pm Jan 29, 2017 12:19pm
Quoting Luzbay
Either that, or we've absolutely nailed it! Ha ha.
Hahahaha yes, I hear you.

However, let's not pop the champagne yet, those greedy market makers will now start playing games and "adjust" their books, they love to do that during the Asian session...

In fact each time I post a trade suggestion on Forex Factory, they say : "Hey look, Mr Breakout is up to something, let's shake him out a little"

Just kidding, good luck Luzbay.
  • #448,329
  • Jan 29, 2017 12:23pm Jan 29, 2017 12:23pm
Quoting Mr Breakout
{quote} Hahahaha https://www.youtube.com/watch?v=r_DwZfyXAXI
so cool , great scene
  • #448,330
  • Jan 29, 2017 12:33pm Jan 29, 2017 12:33pm
Quoting Mr Breakout
{quote} Hahahaha yes, I hear you. However, let's not pop the champagne yet, those greedy market makers will now start playing games and "adjust" their books, they love to do that during the Asian session... In fact each time I post a trade suggestion on Forex Factory, they say : "Hey look, Mr Breakout is up to something, let's shake him out a little" Just kidding, good luck Luzbay.
Cheers, you too!

I'm going to stay up a little later than usual tonight to see what the action is like, but I'm really excited for the week on this pair.
  • #448,331
  • Jan 29, 2017 12:44pm Jan 29, 2017 12:44pm
Ugh, every fucking time. I short something it gaps higher, I long it, it's the other way around. I'm short Pound from 1.2548. What an excellent way to start the week. A nice big position in red.
  • #448,332
  • Jan 29, 2017 12:48pm Jan 29, 2017 12:48pm
we are in rejection level
EG

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Cable? in my another post.
  • #448,333
  • Jan 29, 2017 12:50pm Jan 29, 2017 12:50pm
Quoting coldvinc
Ugh, every fucking time. I short something it gaps higher, I long it, it's the other way around. I'm short Pound from 1.2548. What an excellent way to start the week. A nice big position in red.
I appreciate that my comment is a bit 'barn door - horse bolted', but I never hold positions over the weekend (for this reason), unless they are very healthily in profit and I'm confident of the continued direction.

What's your SL? I'm no pro, but I'm going to short GBP once the markets open up, if it's still around this level. You might just have to hang in there (on the basis you still believe being short is the right trade).

Good luck.
  • #448,334
  • Jan 29, 2017 12:58pm Jan 29, 2017 12:58pm
Quoting coldvinc
Ugh, every fucking time. I short something it gaps higher, I long it, it's the other way around. I'm short Pound from 1.2548. What an excellent way to start the week. A nice big position in red.
Don't worry too much, it 's just the Asian spread and a lot of noise, GBP/USD will come down in a few hours (at least it has to close the gap....)
  • #448,335
  • Jan 29, 2017 12:59pm Jan 29, 2017 12:59pm
Quoting coldvinc
Ugh, every fucking time. I short something it gaps higher, I long it, it's the other way around. I'm short Pound from 1.2548. What an excellent way to start the week. A nice big position in red.
This is Trump
  • #448,336
  • Jan 29, 2017 1:11pm Jan 29, 2017 1:11pm
Quoting polonoon
{quote} This is Trump
Nah, it's just that on Sundays the first move is usually fake, unless the trend is really, REALLY strong...
  • #448,337
  • Jan 29, 2017 1:23pm Jan 29, 2017 1:23pm
Quoting coldvinc
Ugh, every fucking time. I short something it gaps higher, I long it, it's the other way around. I'm short Pound from 1.2548. What an excellent way to start the week. A nice big position in red.
Maybe the chart make you confuse, the price will going up and down, but the fact is that the chart is always moving right. jk Have a good trade this week!
Risk comes from not knowing what you're doing.
  • #448,338
  • Jan 29, 2017 1:37pm Jan 29, 2017 1:37pm
Using the alligator on heikin I will be only watching the daily for possible retrace to lips teeth or jaw.
How ever the weekly and monthly are both exacting a bottom up trade.

I also have set the cup and handle/inverted cup and handle.

The only retrace prior to any expected strong bullish weekly monthly I see is on this 30 inverted cup and handle formation under way.

Other wise I remain bullish on heiken ashi + alligator


http://www.forexfactory.com/showthre...66#post9494366
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  • #448,339
  • Jan 29, 2017 1:42pm Jan 29, 2017 1:42pm
Short term and swing traders should keep in mind that a breakout (to the downside) is still in progress...
(1 h chart from Friday below):
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  • #448,340
  • Jan 29, 2017 1:48pm Jan 29, 2017 1:48pm
I'd take this!
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