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Cable Update (GBPUSD)

  • #450,221
  • Feb 23, 2017 11:23pm Feb 23, 2017 11:23pm
Quoting readpiple
long gpbusd at 1.2552... looking for a quick fifty pip TP.
Copying my trade, eh...?
  • #450,222
  • Feb 23, 2017 11:27pm Feb 23, 2017 11:27pm
Quoting PayTheLimit
{quote} lol, that post is from 2006 man....
Facts are facts.
  • #450,223
  • Feb 23, 2017 11:32pm Feb 23, 2017 11:32pm
25 pip range for the last 12 hours, GBP/USD is going to explode any minute now...
  • #450,224
  • Feb 23, 2017 11:33pm Feb 23, 2017 11:33pm
Quoting Mr Breakout
{quote} Facts are facts.
sure, old facts...
Look Sharp/Trade Tight
  • #450,225
  • Feb 23, 2017 11:34pm Feb 23, 2017 11:34pm
Quoting Mr Breakout
25 pip range for the last 12 hours, GBP/USD is going to explode any minute now...
yes, but why up? cause we are trending up? whats you seeing....
Look Sharp/Trade Tight
  • #450,226
  • Feb 23, 2017 11:35pm Feb 23, 2017 11:35pm
Quoting PayTheLimit
{quote} sure, old facts...
The law of gravity is "old" fact too, so?
  • #450,227
  • Feb 23, 2017 11:37pm Feb 23, 2017 11:37pm
Quoting Mr Breakout
{quote} Copying my trade, eh...?

just here for the pips
  • #450,228
  • Feb 23, 2017 11:38pm Feb 23, 2017 11:38pm
Quoting PayTheLimit
{quote} yes, but why up? cause we are trending up? whats you seeing....
The most probable move is up.

When a currency moves in a big way and stays at the top of the move for an extended period of time, it usually resumes its movement in the same direction.
  • #450,229
  • Feb 23, 2017 11:39pm Feb 23, 2017 11:39pm
Quoting Mr Breakout
{quote} The law of gravity is "old" fact too, so?
yup, we can beat it now....

Quoting Mr Breakout
{quote} The most probable move is up. When a currency moves in a big way and stays at the top of the move for an extended period of time, it usually resumes its movement in the same direction.
ok Mr. B, I was just wondering what you was seeing...myself I'd like to see a pullback to buy...good luck
Look Sharp/Trade Tight
  • #450,230
  • Feb 23, 2017 11:43pm Feb 23, 2017 11:43pm
I see a bull flag I guess, if I was a sneaky bastard, I'd bid near 2532, with a tight SL...but I'm not...

otherwise I'd bid 2480...
Look Sharp/Trade Tight
  • #450,231
  • Feb 23, 2017 11:45pm Feb 23, 2017 11:45pm
Quoting PayTheLimit
.myself I'd like to see a pullback to buy...good luck
This time the cable is in no mood for pullbacks I am afraid...

Good luck too, although luck has very little to do with successful trading.
  • #450,232
  • Feb 23, 2017 11:51pm Feb 23, 2017 11:51pm
Traders looking for big action should consider trading the GBP/CAD.

With the important Canadian Consumer Price Index due at 8:30 AM EST today (plus the price action of the cable itself), it's going to be hot hot hot...
  • #450,233
  • Feb 24, 2017 12:00am Feb 24, 2017 12:00am
Quoting PayTheLimit
. otherwise I'd bid 2480...
Nah, a pullback to that level would render the current uptrend more than suspicious, unless we have a complete reversal of course.
  • #450,234
  • Feb 24, 2017 12:19am Feb 24, 2017 12:19am
Quoting Mr Breakout
{quote} Nah, a pullback to that level would render the current uptrend more than suspicious, unless we have a complete reversal of course.
not sure what you mean about suspicious, but I like it...anyway, I prefer we go higher first anyway...and perhaps I'll see a new level somewhere for a less suspicious pull back....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 70 KB
Look Sharp/Trade Tight
  • #450,235
  • Feb 24, 2017 12:20am Feb 24, 2017 12:20am
Come on cable, go to 1.2580 and then 1.2600, what's the matter with you?
  • #450,236
  • Feb 24, 2017 12:21am Feb 24, 2017 12:21am
bidding 2532 just became even sneakier now...
Look Sharp/Trade Tight
  • #450,237
  • Feb 24, 2017 12:24am Feb 24, 2017 12:24am
Quoting PayTheLimit
{quote} not sure what you mean about suspicious, but I like it...
It means that serious, powerful trends do not retrace 50% of more and then resume their uptrend.
Most of the time they don't even reach the 23.8% fib.
  • #450,238
  • Feb 24, 2017 12:25am Feb 24, 2017 12:25am
Quoting Mr Breakout
Come on cable, go to 1.2580 and then 1.2600, what's the matter with you?
I'm thinking 5 pip tap under 1.26.
trading GoldH4, EuroH1, and PoundH1 Futures and FX skype:fxtraderpro1
  • #450,239
  • Feb 24, 2017 12:26am Feb 24, 2017 12:26am
Quoting Mr Breakout
{quote} It means that serious, powerful trends do not retrace 50% of more and then resume their uptrend. Most of the time they don't even reach the 23.8% fib.
ah..I see...I can see some logic to that, sure....
Look Sharp/Trade Tight
  • #450,240
  • Feb 24, 2017 12:28am Feb 24, 2017 12:28am
Quoting carguychase
{quote} I'm thinking 5 pip tap under 1.26.
Good thinking...
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