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Cable Update (GBPUSD)

  • #448,361
  • Jan 29, 2017 2:44pm Jan 29, 2017 2:44pm
Quoting Mr Breakout
{quote} Now you are talking
But as you say it could go high first
  • #448,362
  • Jan 29, 2017 2:46pm Jan 29, 2017 2:46pm
Quoting Luzbay
OK, money where my mouth is. I managed to get in very quickly when there was just a 1.0 spread - I'll take that on this pair. Entry @ 1.25681 SL @ 1.26209 TP @ flexible I'm currently targeting 1.24373, but I'll adjust it depending on how the trade goes. Here we go!
I would sl on the gap high
  • #448,363
  • Jan 29, 2017 2:49pm Jan 29, 2017 2:49pm
Quoting elbert3
{quote} I would sl on the gap high
Which one are you looking at? I'm looking at my H4 and H1 charts, but a gap isn't jumping out at me.

Thanks!
  • #448,364
  • Jan 29, 2017 2:50pm Jan 29, 2017 2:50pm
Nice bounce and GAP TL break off support
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Come with me if you want to live....
  • #448,365
  • Jan 29, 2017 2:51pm Jan 29, 2017 2:51pm
It is interesting to note that most traders on this thread are currently bullish on the cable because, once again, we just love to buy things at a low price.

Other traders simply buy because they believe that the upside potential is much much more important than the downside potential ("Hey, how much lower can the cable go anyway?).
  • #448,366
  • Jan 29, 2017 2:54pm Jan 29, 2017 2:54pm
Quoting Mr Breakout
It is interesting to note that most traders on this thread are currently bullish on the cable because, once again, we just love to buy things at a low price. Other traders simply buy because they believe that the upside potential is much much more important than the downside potential ("Hey, how much lower can the cable go anyway?).
 
1.20 these days... or less
One more set of good numbers - parity
 
Not an advise.  I just provide perspective. 
Beware of robber banks (RB), bad advisors.
  • #448,367
  • Jan 29, 2017 3:00pm Jan 29, 2017 3:00pm
Quoting Not-KPMG
One more set of good numbers - parity
Pound going to parity with the US dollar is indeed a real possibility...
  • #448,368
  • Jan 29, 2017 3:00pm Jan 29, 2017 3:00pm
Quoting Mr Breakout
It is interesting to note that most traders on this thread are currently bullish on the cable because, once again, we just love to buy things at a low price. Other traders simply buy because they believe that the upside potential is much much more important than the downside potential ("Hey, how much lower can the cable go anyway?).
you are shallow minded are't you

its a gam of probabilities... in usual circumstances, my probabilities of having a winning buy at 1.20 1.23 are higher than having a winning sell...

with same stop and same TP...

like i said, usually i have 5 - 20 pip SL and TP 100+, on cable i would TP 1k +

having said that i had a 4 pip sL on UJ at 115.35
  • #448,369
  • Jan 29, 2017 3:01pm Jan 29, 2017 3:01pm
Quoting Don96
{quote} you are shallow minded are't you
If you say so.
  • #448,370
  • Jan 29, 2017 3:02pm Jan 29, 2017 3:02pm
Quoting Mr Breakout
It is interesting to note that most traders on this thread are currently bullish on the cable because, once again, we just love to buy things at a low price.
lol...it aint so low on my chart...
Look Sharp/Trade Tight
  • #448,371
  • Jan 29, 2017 3:04pm Jan 29, 2017 3:04pm
Short GBP/USD 1.2560, 35 pip stop.
Let's go.
  • #448,372
  • Jan 29, 2017 3:09pm Jan 29, 2017 3:09pm
Quoting Not-KPMG
{quote} 1.20 these days... or less One more set of good numbers - parity Not an advise. I just provide perspective.
So what you're saying is that 1.2673 is the absolute high and that we will see 1.20 from that level?
  • #448,373
  • Jan 29, 2017 3:18pm Jan 29, 2017 3:18pm
Quoting Stillearnin
{quote} So what you're saying is that 1.2673 is the absolute high and that we will see 1.20 from that level?
I'm guessing this is one of the following --

1. Rhetorical question
2. Making a point
3. About to blow your account up
  • #448,374
  • Jan 29, 2017 3:19pm Jan 29, 2017 3:19pm
Quoting Luzbay
{quote} I'm guessing this is one of the following -- 1. Rhetorical question 2. Making a point 3. About to blow your account up
  • #448,375
  • Jan 29, 2017 3:22pm Jan 29, 2017 3:22pm
Quoting Stillearnin
{quote}
  • #448,376
  • Jan 29, 2017 3:25pm Jan 29, 2017 3:25pm
Bull trap?
  • #448,377
  • Jan 29, 2017 3:27pm Jan 29, 2017 3:27pm
gbpnzd high for monday 17313 or17336
  • #448,378
  • Jan 29, 2017 3:35pm Jan 29, 2017 3:35pm
Quoting Mr Breakout
Short GBP/USD 1.2560, 35 pip stop.
Stopped out, I was looking at the wrong time frame
No problem, I will wait for the next "bus".
  • #448,379
  • Jan 29, 2017 3:38pm Jan 29, 2017 3:38pm
Quoting wafiq
gbpnzd high for monday 17313 or17336
or this way>>>it may not let 11sma mid go over 17313 or 17336 on 5 minutes chart
  • #448,380
  • Jan 29, 2017 3:41pm Jan 29, 2017 3:41pm
Quoting Luzbay
Bull trap?
Of course, the cable is now pulling its usual ziz-zag routine, it will hit the uptrend line first and then go down, just to get the weak hands out of the way.
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 170 KB
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