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Cable Update (GBPUSD)

  • #448,561
  • Jan 31, 2017 5:01am Jan 31, 2017 5:01am
Bought at 2438 tp at 2450
  • #448,562
  • Jan 31, 2017 5:15am Jan 31, 2017 5:15am
Quoting iamawaited
waiting to see what price does at 1.2426... {image}
Quoting iamawaited
{quote} Just added more selling to EU and one more sell to GU.... Going for new low on Eu and trying to test out 1.2426 on GU.
So GU is testing the 1.2426 level and i have closed out all shorts with sweet profits. i have been martingale selling EU going for 1.0617.. that sounds like a new Low on EU for me! Meanwhile on GU i cannot say where it is going now but since i am locked on short for EU i expect it to go down more.. BYE!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 36 KB
Trading Eternal...... Shiny & Chrome!!!!
  • #448,563
  • Jan 31, 2017 5:33am Jan 31, 2017 5:33am
Looks like the idea is working that this trendline from the up breakout is tested again:
https://www.mql5.com/en/charts/65056...tional-limited
  • #448,564
  • Jan 31, 2017 6:18am Jan 31, 2017 6:18am
Short again GBP/USD 1.2466 Stop 1.2486 target 1.2415
It's a big game.
  • #448,565
  • Jan 31, 2017 6:41am Jan 31, 2017 6:41am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
Short again 1.2485 stop 1.2500 tp 1.2380
  • #448,566
  • Jan 31, 2017 6:43am Jan 31, 2017 6:43am
Quoting funzodundee
Short again GBP/USD 1.2466 Stop 1.2486 target 1.2415
OOT
It's a big game.
  • #448,567
  • Jan 31, 2017 6:43am Jan 31, 2017 6:43am
I'm definitely on the sidelines for now.

Market is moving willy nilly!
  • #448,568
  • Jan 31, 2017 6:57am Jan 31, 2017 6:57am
Quoting Bones
The Bank of England is now “very likely” to improve its economic forecast next month, Mr Carney said as he said he was “surprised” that the economic slowdown that he forecast has not materialised. http://www.telegraph.co.uk/news/2017...k-carney-says/
Which means of course the Pound will continue dropping tomorrow and further into the month.

Just to clarify, my post is not a reflection of your analysis or view, not at all, but rather of my distrust of the BOE man who historically has had the uncanny ability to make pound positive comments at market tops and negative comments at market bottoms.
Come with me if you want to live....
  • #448,569
  • Jan 31, 2017 7:07am Jan 31, 2017 7:07am
Quoting Luzbay
I'm definitely on the sidelines for now. Market is moving willy nilly!
you jumped out of the EU Sell??? i am in full throttle added more at the top.. i am targeting 1.0617 as i said earlier.. lets see how it pans out. for GU.. i am seeing 1.21 from here.. but all focused on EU for now wont add more again if it goes up .. all focused on targets.
Trading Eternal...... Shiny & Chrome!!!!
  • #448,570
  • Jan 31, 2017 7:27am Jan 31, 2017 7:27am
Price is rolling with the bear down to the point of 1.24532. However, I assume that the price moves back up to the point of 1.25143.
Attached Image (click to enlarge)
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  • #448,571
  • Jan 31, 2017 7:40am Jan 31, 2017 7:40am
From my previous post this is how these levels have played out... I mentioned that if we head south price needs to break F then retest E,D before entering short.

The red box represents a south move after consolidation phase.
The yellow box was the break.
The blue box is where we enter short after several retests have been made.
Attached Image (click to enlarge)
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  • #448,572
  • Jan 31, 2017 7:42am Jan 31, 2017 7:42am
Quoting Noors
From my previous post this is how these levels have played out... I mentioned that if we head south price needs to break F then retest E,D before entering short. The red box represents a south move after consolidation phase. The yellow box was the break. The blue box is where we enter short after several retests have been made. {image}
what do you do now, whats the next play?
Look Sharp/Trade Tight
  • #448,573
  • Jan 31, 2017 7:49am Jan 31, 2017 7:49am
Quoting PayTheLimit
{quote} what do you do now, whats the next play?
Well my TP was the 24295 level I could enter short at the F level now but I'd rather wait and see how the F level holds and what it means. I've collected enough pips for today so I wait until I have new levels to play with. This setup was planned for couple days now and executed pretty well.

Time for me to hit the sack.. We shall see what brings us tomorrow!

Peace and Love
  • #448,574
  • Jan 31, 2017 8:17am Jan 31, 2017 8:17am
Let's try short again 2488
  • #448,575
  • Jan 31, 2017 8:23am Jan 31, 2017 8:23am
Quoting PayTheLimit
well that 1.2540/45 level looks like a nice place to lay some cheese down, so that something... {image}
I'm working offers 1.2547/48/49 now, just spotted something a bit sneakier...will risk 20 on em...prolly gonna get hairy we go up that way now...
Look Sharp/Trade Tight
  • #448,576
  • Jan 31, 2017 8:23am Jan 31, 2017 8:23am
Quoting elbert3
Let's try short again 2488
hold off on that E
  • #448,577
  • Jan 31, 2017 8:27am Jan 31, 2017 8:27am
Big move, then retrace... my fav trade
Risk comes from not knowing what you're doing.
  • #448,578
  • Jan 31, 2017 8:30am Jan 31, 2017 8:30am
Quoting elbert3
Let's try short again 2488
Very good bounce off the quarterly pivot , one might think there was some buyers waiting there , lol
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 482 KB
  • #448,579
  • Jan 31, 2017 8:38am Jan 31, 2017 8:38am
If it gets chewed back thru this weekly pivot at 1.2528 , should be back to 1.26 by the end of new york session
  • #448,580
  • Jan 31, 2017 8:39am Jan 31, 2017 8:39am
Big if but stranger things have happened lol
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