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Cable Update (GBPUSD)

  • #449,781
  • Feb 16, 2017 11:03am Feb 16, 2017 11:03am
Quoting PayTheLimit
some decent GJ support near 141.65, think I'll try it for a flip...
couldn't make it work...
Look Sharp/Trade Tight
  • #449,782
  • Feb 16, 2017 11:06am Feb 16, 2017 11:06am
wow ..heavy seller
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Made in Malaysia <3
  • #449,783
  • Feb 16, 2017 11:18am Feb 16, 2017 11:18am
For a while I thought my long had a shot at hitting 1.2540. Now, not so sure. The only thing I can see is Ms. May made an announcement.
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  • #449,784
  • Feb 16, 2017 11:23am Feb 16, 2017 11:23am
fucking EG//trade of the day

gonna try 140.75 in GJ if we get there...
Look Sharp/Trade Tight
  • #449,785
  • Feb 16, 2017 11:25am Feb 16, 2017 11:25am
Quoting Dr.Zain
{quote} Very good morning B, the pair retested 2515 & seems retreats today toward 2460 area imo. Regards Dr Zain
Yeh Retreated to 2460!!!
  • #449,786
  • Feb 16, 2017 11:34am Feb 16, 2017 11:34am
It's my fault for buying the Pound. I should know better. Too bad I trade alone. I could use a good smack upside the head.
  • #449,787
  • Feb 16, 2017 11:39am Feb 16, 2017 11:39am
Quoting bobby2
It's my fault for buying the Pound. I should know better. Too bad I trade alone. I could use a good smack upside the head.
its ok my friend...just plan what we should do if market againts us..

no one is correct..the best trader is when he had the best information what other cant see
Made in Malaysia <3
  • #449,788
  • Feb 16, 2017 12:09pm Feb 16, 2017 12:09pm
Quoting DonMalaya
{quote} its ok my friend...just plan what we should do if market againts us.. no one is correct..the best trader is when he had the best information what other cant see
  • #449,789
  • Feb 16, 2017 12:13pm Feb 16, 2017 12:13pm
Quoting MyOpinion
There's a chance 1.2436 could hold here. I still favor move down to 1.2222 before back up to 1.28+ but this could be it if moves up now.
At one point up 80 pips with only 10 pip stop now looks like turned bear and set to breakeven at 1.2445.
Loser trying to become a winner!
  • #449,790
  • Feb 16, 2017 1:02pm Feb 16, 2017 1:02pm
Quoting Dr.Zain
{quote} Yeh Retreated to 2460!!!
Yes that 2472 number watch day candle body close ???
  • #449,791
  • Edited Feb 17, 2017 1:54am Feb 16, 2017 1:38pm | Edited Feb 17, 2017 1:54am
Attached Image
Pride always comes before destruction.... -Proverbs 16:18
  • #449,792
  • Feb 16, 2017 1:48pm Feb 16, 2017 1:48pm
Quoting elbert3
{quote} Yes that 2472 number watch day candle body close ???
Yes I see it!!!!! It's closing way above it!!!
  • #449,793
  • Feb 16, 2017 2:56pm Feb 16, 2017 2:56pm
Quoting bobby2
It's my fault for buying the Pound. I should know better. Too bad I trade alone. I could use a good smack upside the head.
 
SMAACK
Here's a smack.
 
While i dislike pound fake moves etc, if you want to sell now is the time   1.2488-98
 
 
Beware of robber banks (RB), bad advisors.
  • #449,794
  • Feb 16, 2017 3:23pm Feb 16, 2017 3:23pm
Quoting Expo33
{image}
Ha ha ha,
Picture says it all
Come with me if you want to live....
  • #449,795
  • Feb 16, 2017 3:26pm Feb 16, 2017 3:26pm
still an inside week, thus far..
Look Sharp/Trade Tight
  • #449,796
  • Feb 16, 2017 3:27pm Feb 16, 2017 3:27pm
Quoting Not-KPMG
{quote} SMAACK Here's a smack. While i dislike pound fake moves etc, if you want to sell now is the time 1.2488-98
Ahhhh, now I feel better. Thanks Not-K I got lucky and got all but 10 pips of it back on the trip back to 1.25000. But it was still a bad trade on my part. I have my rules, one of which is, "Don't enter unless ALL conditions are met." One was not. I jumped the gun, PLUS GU was at a pretty solid resistance level. 'Nuff said.

Thanks for the sell tip. But I wouldn't touch the pound anymore today even with your money
  • #449,797
  • Edited 4:32pm Feb 16, 2017 4:12pm | Edited 4:32pm
Quoting fxdeductions
My deductions NFP XXXUSD any bear news is game. Cup and handle on 5 minute under construction TP @ 1.2595 Using the recent bear move on the 5 minute chart, should the area of consolidation on the 5 minute become a break to the bear the Fibonacci has definitive areas sitting almost approximately with demand. I remain bullish, I believe any bear move will be short lived at areas of demand or Fibonacci levels. http://www.forexfactory.com/showthre...27#post9495127 {image} {image} {image}
UPDATE:

target remains @ 1.2595

With consideration to demand areas in img in http http://www.forexfactory.com/attachme...6&d=1486119882
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  • #449,798
  • Feb 16, 2017 4:23pm Feb 16, 2017 4:23pm
unch on the week too....dumb cable
Look Sharp/Trade Tight
  • #449,799
  • Feb 16, 2017 5:09pm Feb 16, 2017 5:09pm
some R in EG, maybe I use it for a clue...
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Look Sharp/Trade Tight
  • #449,800
  • Edited Feb 17, 2017 4:06am Feb 16, 2017 8:27pm | Edited Feb 17, 2017 4:06am
The pair just broke above its 50-period (Red) moving average and is challenging the 20-period one. A support has formed around 2460, which should limit the downside move. As long as 2460 is holding on the downside, look a er rebound to 2515and even 2525/40. Below 2460, look for a return to 2440 and 2410.
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