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Cable Update (GBPUSD)

  • #451,601
  • Apr 4, 2017 3:30am Apr 4, 2017 3:30am
Quoting Mr.Dan
If tomorrows high impact news negative then lower we go.
Well it was negative and more down expected.
  • #451,602
  • Apr 4, 2017 3:41am Apr 4, 2017 3:41am
I just hope we don't close below the daily EMA else we are just making lower highs and higher lows like the bouncing ball.
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  • #451,603
  • Apr 4, 2017 3:44am Apr 4, 2017 3:44am
Quoting Mr.Dan
{quote} Well it was negative and more down expected.
Yes, but I will preferable like to wait for a correction to 1.2455 to short if that happens
  • #451,604
  • Apr 4, 2017 3:46am Apr 4, 2017 3:46am
Quoting Mr.Dan
{quote} Well it was negative and more down expected.

The News were as expected. The weaker GPB will in the future improve the housing sector as money will be placed i UK than outside UK due to the low GPB. It is probably to early to see any result of this. On the other hand it the negative due to BREXIT and Foreign Companies moves out of UK .
  • #451,605
  • Apr 4, 2017 3:54am Apr 4, 2017 3:54am
Let's go to 2540
  • #451,606
  • Apr 4, 2017 3:55am Apr 4, 2017 3:55am
Quoting fontu
anyway big lots are always a risk at whatever small pips & confirmed analysed are there . fontu {image}
I never said anything about big lots. Whether you have a 40 pip stop or a 5 pip stop both risk anything from 1% to max of 5%. Obviously at 5 pips the lot size is greater (not big). There are far more opportunities to make 10 pips than there are to make 80.

I was referring to people who add to losing trades compounding their problems in the hope of a turnaround. This may work 99 out of 100 trades but the 1 loser wipes out the account.

Short stops teach the discipline to watch and wait for higher probability trades of which there are many to be had.
  • #451,607
  • Apr 4, 2017 4:02am Apr 4, 2017 4:02am
Quoting elbert3
Let's go to 2540
Yay.......for that....☺
  • #451,608
  • Apr 4, 2017 4:06am Apr 4, 2017 4:06am
Quoting elbert3
Let's go to 2540
Howeverrr, it needs to go through 2450 first and then 2490....green data could have helped.
  • #451,609
  • Apr 4, 2017 4:11am Apr 4, 2017 4:11am
Quoting NMZee
{quote} Howeverrr, it needs to go through 2450 first and then 2490....green data could have helped.
True we play it as we see it regards E
  • #451,610
  • Apr 4, 2017 4:12am Apr 4, 2017 4:12am
Quoting Nala66
{quote} I never said anything about big lots. Whether you have a 40 pip stop or a 5 pip stop both risk anything from 1% to max of 5%. Obviously at 5 pips the lot size is greater (not big). There are far more opportunities to make 10 pips than there are to make 80. I was referring to people who add to losing trades compounding their problems in the hope of a turnaround. This may work 99 out of 100 trades but the 1 loser wipes out the account. Short stops teach the discipline to watch and wait for higher probability trades of which there are many...
  • #451,611
  • Apr 4, 2017 4:16am Apr 4, 2017 4:16am
Quoting NMZee
{quote} Howeverrr, it needs to go through 2450 first and then 2490
Maybe not, it may just by-pass those number altogether
  • #451,612
  • Apr 4, 2017 4:19am Apr 4, 2017 4:19am
Quoting Nala66
{quote} Maybe not, it may just by-pass those number altogether
  • #451,613
  • Apr 4, 2017 4:40am Apr 4, 2017 4:40am
Remembering those the days when technullogy was so much slower and a huge bar would just pop up on the screen.
  • #451,614
  • Apr 4, 2017 4:45am Apr 4, 2017 4:45am
Quoting Nala66
Remembering those the days when technullogy was so much slower and a huge bar would just pop up on the screen.
Err...umm...No, not really. But if it everhappens i will be Having an unpleasant chat with my broker.
  • #451,615
  • Apr 4, 2017 5:04am Apr 4, 2017 5:04am
Quoting kk300
{quote} I took profit at 2430
Well done sorry I missed your post Regards E
  • #451,616
  • Apr 4, 2017 5:06am Apr 4, 2017 5:06am
Quoting elbert3
See if 2446 adds to 2460 for a big lot order and onto 2475 . And 5 min tl is now in place so we watch the line in case it breaks . But on this one take care for db on that 2420 judging by the last moves it could be quick . So that's the today plan
Big lot done is it onward now ? Buy the dip 55
  • #451,617
  • Apr 4, 2017 5:15am Apr 4, 2017 5:15am
I am not sure of this, we seem to be bouncing at the 75% level of the previous 4 hr bar and the underside of the EMA level
  • #451,618
  • Apr 4, 2017 5:17am Apr 4, 2017 5:17am
Quoting MarianneOslo
{quote} The News were as expected. The weaker GPB will in the future improve the housing sector as money will be placed i UK than outside UK due to the low GPB. It is probably to early to see any result of this. On the other hand it the negative due to BREXIT and Foreign Companies moves out of UK .
Interesting. I see same for GBP as longer term it is building up some strength (going down) to attract in more investors. And Foreign Companies don`t have to move out of UK just production have to take place in UK.

This is just how i see UK in near future, should test lower than 1.19 and then go in for longer time bull trend.

Dan.
  • #451,619
  • Apr 4, 2017 5:22am Apr 4, 2017 5:22am
Gulp! This would give me a target of 1.23555 from a 1 hour triangle
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  • #451,620
  • Apr 4, 2017 5:33am Apr 4, 2017 5:33am
Quoting Mr.Dan
{quote} Interesting. I see same for GBP as longer term it is building up some strength (going down) to attract in more investors. And Foreign Companies don`t have to move out of UK just production have to take place in UK. This is just how i see UK in near future, should test lower than 1.19 and then go in for longer time bull trend. Dan.
Dan the UK has massive foreign investments returning a fortune. Here is just a little bit of it...
http://www.abc.net.au/news/2016-09-0...rmland/7820854
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