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Cable Update (GBPUSD)

  • #451,501
  • Mar 31, 2017 11:40am Mar 31, 2017 11:40am
bullish H4 inverted H&S posted elsewhere before this move nice ride took profits not holding into the weekend will likely look to fade later. will push much higher in April.
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  • #451,502
  • Mar 31, 2017 11:44am Mar 31, 2017 11:44am
Quoting digger1
{quote} keep your dukes up ,,,,
Thanks Haven't taken the loss yet as sl not yet hit, although I am sure it might be hit soon, not a big loss anyway since I was short at 2522.
  • #451,503
  • Mar 31, 2017 12:02pm Mar 31, 2017 12:02pm
3 days of trading ,,,,,,, a pattern pointed out a few posts above ,,,,,, this is just a smaller time frame where the fight between buyers and sellers were carried out ,,,weekly pivot being the line in the sand,,,,,,,, the classic resistance turned support ,,,,now the buy pattern has popped it back up where longer chart patterns will kick in .. next week,,,,,, all new quarterly levels and the battle will continue ,,,,,,,, the patterns still work ,,,,,, its just picking which side is winning and wht was used for the line in the sand ,,,,,and on what time frame. cheers all
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  • #451,504
  • Mar 31, 2017 12:10pm Mar 31, 2017 12:10pm
Quoting elbert3
Short again 2461 to 2453 and might hold see what happens around there 2420 short target 2555 long target anything above or below the targets go the way it moved that's me off to my site gl
Long day 2549 well well carefull around here I have that on a 1 hour tl so watch any sell patterns it could drop being Friday
  • #451,505
  • Mar 31, 2017 12:11pm Mar 31, 2017 12:11pm
Quoting digger1
3 days of trading ,,,,,,, a pattern pointed out a few posts above ,,,,,, this is just a smaller time frame where the fight between buyers and sellers were carried out ,,,weekly pivot being the line in the sand,,,,,,,, the classic resistance turned support ,,,,now the buy pattern has popped it back up where longer chart patterns will kick in .. next week,,,,,, all new quarterly levels and the battle will continue ,,,,,,,, the patterns still work ,,,,,, its just picking which side is winning and wht was used for the line in the sand ,,,,,and on what...
Hi Dig you can see that trending pattern I just posted about . Just going to catch up on the posts B
  • #451,506
  • Mar 31, 2017 12:21pm Mar 31, 2017 12:21pm
Quoting elbert3
{quote} Hi Dig you can see that trending pattern I just posted about . Just going to catch up on the posts B
trying to keep up with every scenario at a quarters end lol,,,,,,,, a little room top side ,,,,,,,,,, a lot of room down side
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  • #451,507
  • Mar 31, 2017 12:24pm Mar 31, 2017 12:24pm
Quoting digger1
{quote}trying to keep up with every scenario at a quarters end lol,,,,,,,, a little room top side ,,,,,,,,,, a lot of room down side {image}
Jumped in 2526 target past that hold on it could strip out the days move
  • #451,508
  • Mar 31, 2017 12:34pm Mar 31, 2017 12:34pm
Quoting elbert3
{quote} Jumped in 2526 target past that hold on it could strip out the days move
I just closed everything at last weeks high,,, been a good week ,,,,,good month ,,,, Ill start figuring again next week lol
  • #451,509
  • Mar 31, 2017 1:01pm Mar 31, 2017 1:01pm
Quoting digger1
{quote} I just closed everything at last weeks high,,, been a good week ,,,,,good month ,,,, Ill start figuring again next week lol
Well done same here had some good numbers but one needs to keep it up
  • #451,510
  • Mar 31, 2017 1:04pm Mar 31, 2017 1:04pm
Gut feeling short 2533top 4 pips target anything that looks good lol
  • #451,511
  • Mar 31, 2017 1:05pm Mar 31, 2017 1:05pm
Quoting digger1
{quote} well,,,, your sides hurt from laughing ?
Not too bad...made a tidy profit... of course, I'm laughing
  • #451,512
  • Mar 31, 2017 1:54pm Mar 31, 2017 1:54pm
gap down over weekend = completely unthinkable top is in place
gap up over weekend = long awaited visit to 1.28 is possible
no movement over weekend = 45% chance of a slight dip followed by a 90% likely bullish impulse
me posting this = the world will try it's hardest to prove me wrong

So therefore a 1/4 and decent RR for some decent profit in a short position with tight stop losses over the weekend to accompany a half ratio of long with a tight sl as well will = profit.
  • #451,513
  • Mar 31, 2017 2:05pm Mar 31, 2017 2:05pm
Let's get ready to .....?
  • #451,514
  • Mar 31, 2017 3:34pm Mar 31, 2017 3:34pm
You can never be 100% but looks like a bottom to me, they might stop hunt it, I've seen crazier things so go easy on the leverage but looking good in my opinion. This was the week the pound was meant to crash and not only did it survive it is finishing positive.
Loser trying to become a winner!
  • #451,515
  • Mar 31, 2017 3:41pm Mar 31, 2017 3:41pm
Well theres BoE MPC member Haldane speech Saturday. Opened a short and keeping it over weekend.
  • #451,516
  • Mar 31, 2017 4:38pm Mar 31, 2017 4:38pm
Quoting MyOpinion
You can never be 100% but looks like a bottom to me, they might stop hunt it, I've seen crazier things so go easy on the leverage but looking good in my opinion. This was the week the pound was meant to crash and not only did it survive it is finishing positive.
Yes it stopped out below that 2426 and went up to 2550
  • #451,517
  • Mar 31, 2017 5:00pm Mar 31, 2017 5:00pm
Quoting elbert3
Short again 2461 to 2453 and might hold see what happens around there 2420 short target 2555 long target anything above or below the targets go the way it moved that's me off to my site gl
The long target was 1 pip out but I never got that far . It proves you should trade with confidence if you see it trade it . Longer target of it breaks would be 2765
  • #451,518
  • Mar 31, 2017 7:35pm Mar 31, 2017 7:35pm
IMHO, it's just trade level Plan, not suggestion to BUY and SELL
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Happy Weekend!
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  • #451,519
  • Apr 1, 2017 4:13am Apr 1, 2017 4:13am
Weekend analysis shows I currently have a target of 2708 on the 15 min chart. We'll see come Monday.
  • #451,520
  • Apr 1, 2017 11:01am Apr 1, 2017 11:01am
Quoting Nala66
Weekend analysis shows I currently have a target of 2708 on the 15 min chart. We'll see come Monday.
Would say there is a decent chance ,,,,,,,,may be a bit of hassle working thru last weeks high at 2614 ,,,,, I think the previous high at 2774 may eventually get tagged ,,,,,probably wont be a strait shot ,,,,weekly chart Has a projection of 3115 ,,,,,, take some time for sure ,,but the flag projections have a way of being met,,,,,, Really longer term big resistance would be a little above that yet for me as my weekly chart shows ,,,,,,,,, sure these levels or points seem meaningless to some as how they relate to day trading or shorter term swing trades ,,,,,but in looking at short term charts constantly,,,,,,, its real easy not to see the trees for the forest as they say or as my bud E says,,,, look left then right ,,,,,,, the little flag patterns and H&S all can give you clues for the bigger picture. ((( think the traders that were eyeballing a projection just before the brexit drop made any money ,,,,, think boris was one of them))))) there is some projections to the downside yet also something to keep in mind
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