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Cable Update (GBPUSD)

  • #448,421
  • Jan 30, 2017 2:27am Jan 30, 2017 2:27am
Quoting Luzbay
It doesn't look like a bounce, to me..
In addition, USDJPY and USDCHF are looking healthy / bullish to me, which reinforces my bearish view (short term, at least).
  • #448,422
  • Jan 30, 2017 3:01am Jan 30, 2017 3:01am
well we got a little action to start...nice
Look Sharp/Trade Tight
  • #448,423
  • Jan 30, 2017 3:22am Jan 30, 2017 3:22am
Quoting navk
2540, 2525, 2490.
Even further to 2460!!!!!

Quoting PayTheLimit
{quote} So whats your plan?
Following you!!! 2460 Seems Buy Area!!!!
  • #448,424
  • Jan 30, 2017 3:25am Jan 30, 2017 3:25am
Quoting Dr.Zain
{quote} Even further to 2460!!!!!
Still lot more down. But I will limit my risk to 2490. This number should hold for a retracement up to 2600 or even 2650 . Thereafter selling is the plan.
Intraday only.
  • #448,425
  • Jan 30, 2017 3:30am Jan 30, 2017 3:30am
Quoting Dr.Zain
{quote} Following you!!! 2460 Seems Buy Area!!!!
it feels like we will get a chance at it...good luck
Look Sharp/Trade Tight
  • #448,426
  • Jan 30, 2017 3:41am Jan 30, 2017 3:41am
Quoting Luzbay
{quote} Darn! You win some, you lose some (well, I guess you still won here!). No one ever went broke taking a profit. That's the way I'd look at it (with a slightly regretful expression on my face!).
would't have mattered anyway, i would have been stopped break-even
  • #448,427
  • Jan 30, 2017 3:45am Jan 30, 2017 3:45am
Quoting Don96
{quote} would't have mattered anyway, i would have been stopped break-even
what are you trying next in cable dude?
Look Sharp/Trade Tight
  • #448,428
  • Jan 30, 2017 3:48am Jan 30, 2017 3:48am
I closed my short from 1.25733 (I averaged up) at 1.25155.

Waiting for a retrace to perhaps 1.2534/40 and, of my charts still look bearish, go short again.

For me, the pair is still absolutely in bearish mode, it's just a case of picking my spot.
  • #448,429
  • Jan 30, 2017 3:53am Jan 30, 2017 3:53am
Quoting PayTheLimit
{quote} what are you trying next in cable dude?
1.2485 for 40-50 if weekly is to close higher than previous week, here is usually a good spot to buy... as is/was 1.2521 - after that its all of these
http://www.forexfactory.com/attachme...2&d=1485640575 - there are some more levels on weekly but my chart would become plastered in levels and i would need to choose levels closely instead of taking all - although when i do get in im after HIGH very high

IF EU drops significantly (which i believe it will - i mean into 1.05x this week) then i will be happy to take every level + more on GU to get a runner - looking at RR of 1:50 +
  • #448,430
  • Jan 30, 2017 3:53am Jan 30, 2017 3:53am
Quoting Luzbay
I closed my short from 1.25733 (I averaged up) at 1.25155. Waiting for a retrace to perhaps 1.2534/40 and, of my charts still look bearish, go short again. For me, the pair is still absolutely in bearish mode, it's just a case of picking my spot.
It's also probably worth saying that I'm not hell bent on getting back into the market immediately, I'd rather stalk the pair for a while and then choose my moment.
  • #448,431
  • Jan 30, 2017 4:43am Jan 30, 2017 4:43am
Acknowledging current price action, I'm going to wait to see if 1.2570/80 is reached before taking any action.
  • #448,432
  • Jan 30, 2017 5:52am Jan 30, 2017 5:52am
Quoting iamawaited
{quote} i will be back when we are at 1.24 .. next week hopefully! so i martingale short till 1.24.. bye
looking like the frog splash might get to 1.21... hmmmm.. Not so fast Cable.. SPLASH!!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #448,433
  • Jan 30, 2017 6:21am Jan 30, 2017 6:21am
maybe in short term GBPUSD getting strong in down trend however, it still has its UP trend in longer term

Daily Technical Analysis - Investopedia

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It is the dust where you came from & it is the dust where you shall return
  • #448,434
  • Jan 30, 2017 7:02am Jan 30, 2017 7:02am
weekly plan area

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  • #448,435
  • Jan 30, 2017 7:07am Jan 30, 2017 7:07am
1.2490 is important reference but it has been taged , will be difficult for it to hold, next important point will be 1.2450
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #448,436
  • Jan 30, 2017 7:26am Jan 30, 2017 7:26am
waiting to see what price does at 1.2426...
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Trading Eternal...... Shiny & Chrome!!!!
  • #448,437
  • Jan 30, 2017 7:28am Jan 30, 2017 7:28am
Quoting Don96
{quote} 1.2485 for 40-50 if weekly is to close higher than previous week, here is usually a good spot to buy... as is/was 1.2521 - after that its all of these http://www.forexfactory.com/attachme...2&d=1485640575 - there are some more levels on weekly but my chart would become plastered in levels and i would need to choose levels closely instead of taking all - although when i do get in im after HIGH very high IF EU drops significantly (which i believe it will - i mean into 1.05x this week) then i...
missed by 5 - i missed this on the left hand side - level may/probably a dud now
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  • #448,438
  • Jan 30, 2017 7:34am Jan 30, 2017 7:34am
Quoting navk
2540, 2525, 2490.
One of my number held.
Intraday only.
  • #448,439
  • Edited 7:55am Jan 30, 2017 7:38am | Edited 7:55am
yea, I'm cancelling my 1.2465 bids, they should have been filled on that break, I'll have to take another look at that area later...got my 143.15 bids filled in GJ however, so that's something, risking the low for now...

edit..I'm out
Look Sharp/Trade Tight
  • #448,440
  • Jan 30, 2017 8:28am Jan 30, 2017 8:28am
after europe close may be ny reverse all today back.
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