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Cable Update (GBPUSD)

  • #451,921
  • Apr 9, 2017 2:30pm Apr 9, 2017 2:30pm
Commercial smart money has a greater net long position compared to the non commercial speculators. It looks like this pair will be supported at these levels and move up.
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Don't Worry Be Happy
  • #451,922
  • Apr 9, 2017 3:55pm Apr 9, 2017 3:55pm
Quoting MrPresident
Commercial smart money has a greater net long position compared to the non commercial speculators. It looks like this pair will be supported at these levels and move up. {image}
Commercials are ones that actually use the commodity or cash being traded they hedge their positions so there is not big fluctuations in what their costs are when they actually need it ,,,,,,,non commercial specs are the ones that trade it to make a little something they are always opposite each other ,,,,,,,,,if they are at extremes to each other or if they flip sides as in one goes to net short while the other goes net long or vice versa is the way ya read that ,,,,,,,fun to keep track of sounds good but for the most part already reflected in price by time that info is out,,, was a lot more useful back in the day,,,,, as in when you had to call a broker to place a trade
  • #451,923
  • Apr 9, 2017 4:43pm Apr 9, 2017 4:43pm
Looking at the news releases tomorrow we're going to suffer a painfully slow day until Yellen speaks in the evening
  • #451,924
  • Apr 9, 2017 6:23pm Apr 9, 2017 6:23pm
Quoting Derivative92
Looking at the news releases tomorrow we're going to suffer a painfully slow day until Yellen speaks in the evening
sometimes a slow day is good.. Predictable.. ride the waves
  • #451,925
  • Apr 9, 2017 6:31pm Apr 9, 2017 6:31pm
Hi all. another week starts with the lead up to the Easter holidays and my 1 hr chart is showing little evidence of anything.

I see we are hovering within two pips of the target as we await the arrival of the EMA catching up.

2362 is the target and this is also the 50% retracement of the swing low to high which is also the level of the last EMA swing.

I would sit on the fence now and wait for another setup to emerge.
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  • #451,926
  • Edited 1:24am Apr 10, 2017 12:46am | Edited 1:24am
Most possible continue bear after correction try to limit 1.2410/11 + for 1.12340/2240 next stop to get the decision next. take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #451,927
  • Apr 10, 2017 4:18am Apr 10, 2017 4:18am
Quoting fontu
Most possible continue bear after correction try to limit 1.2410/11 + for 1.12340/2240 next stop to get the decision next. take care , fontu {image}
Yes I agree with u, my trade idea at the moment is quite similar, I expect a retest of Friday low after correction to around 1.2405. This will likely be the trade range for today as I do not expect price to break Friday low today although that's possible
  • #451,928
  • Apr 10, 2017 5:25am Apr 10, 2017 5:25am
The price tested the support line earlier. And now we can observe the movement to the support line at 1,23670 point. If the bear breaks the support line, it will continue to move down to 1.23362 point. If the bull proves to be stronger, the price will move up to the point of 1.24525.
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  • #451,929
  • Apr 10, 2017 8:33am Apr 10, 2017 8:33am
Price is currently moving up @1.2411 at the moment ...Highly tempting to take a LONG, but I don't really trust it ..SUPPLY might just drop it below 1.2400 AGAIN ..
  • #451,930
  • Apr 10, 2017 8:33am Apr 10, 2017 8:33am
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in the middle of maintenance position!


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quiet!
  • #451,931
  • Apr 10, 2017 9:30am Apr 10, 2017 9:30am
Taking a short from here to 1.22855.

Quoting Derivative92
Taking a short from here to 1.22855.
.
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  • #451,932
  • Apr 10, 2017 9:34am Apr 10, 2017 9:34am
dollar index just bumped into support, so im with you. a bit modest target with 2360, extension to 2306.

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  • #451,933
  • Apr 10, 2017 11:00pm Apr 10, 2017 11:00pm
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Bearish divergence on the 1HR Timeframe.
Sellers about to take control over European session.
This is not investment/trading advise. Will not hold accountable for loss
  • #451,934
  • Apr 11, 2017 1:49am Apr 11, 2017 1:49am
Shorted... Soon It will plunge down ... High probability Trade Setup
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Markets are Irrational
  • #451,935
  • Apr 11, 2017 1:54am Apr 11, 2017 1:54am
I'm thinking a retest of 2480 area today would be logical
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Come with me if you want to live....
  • #451,936
  • Apr 11, 2017 3:43am Apr 11, 2017 3:43am
come on back to the track!

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Really miss Indonesia!
  • #451,937
  • Apr 11, 2017 4:18am Apr 11, 2017 4:18am
Quoting Ill-b-back
I'm thinking a retest of 2480 area today would be logical {image} {image}
If it breaks and hold 243x them we may very easily see 246x and 248x. That 243x is proving to be strong R.
  • #451,938
  • Apr 11, 2017 4:29am Apr 11, 2017 4:29am
Quoting Derivative92
Taking a short from here to 1.22855. {quote} . {image}
Hmmmmm in that 15 minute chart. You have to face atleast 2 very strong demand zones. If you have enough margin, min 1000 pips then that would take care of gyration and why stop at 2280. Aim for 2100....!!!!
  • #451,939
  • Apr 11, 2017 4:34am Apr 11, 2017 4:34am
Quoting NMZee
{quote} If it breaks and hold 243x them we may very easily see 246x and 248x. That 243x is proving to be strong R.
Any one in a short position should closely watch 2335. Price action here would be crucial for contnuation of decline or a 150 ish pips breather.
  • #451,940
  • Apr 11, 2017 5:35am Apr 11, 2017 5:35am
Long GU

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