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Cable Update (GBPUSD)

  • #452,181
  • Apr 20, 2017 4:50pm Apr 20, 2017 4:50pm
Quoting digger1
{quote} Hey E , hope your doing well bud ,,,,,,,, took a bath on them for a while , but still holding the shorts from the daily 200 sma ,,,,,,,,,, hedged longs up too the weekly resistence then took a big swing short there lol,,,,,,,all, good in the hood ,,,,,,, could see this settling back down to last weeks high or near there ,,,,,, lots of stuff that could get used for support in that area ,,,,,,daily 200sma ( Little blue box), last weeks high etc ,,,1st order of business would be to wipe out the 4 hour lows at 2770 ish ,,,,,,dukes up lets get...
Hi Dig . Yes that 2777 area posted was a good short fro 2839 then hit it long and hedged 2806 took the profit and now 1 short holding 2806 entry that was the hedge and at one time massive lose being supported by the longs . I was going to sell at 2839 but never took the trade .going to bed soon and will stick sl on the trade might be 2840 but let's see . Regards E
  • #452,182
  • Apr 21, 2017 12:32am Apr 21, 2017 12:32am
Hi Guys I'm back.

I see that the G shot through the 4hr target of 2737 and went on to take out 3 of the daily targets to boot.

These daily targets took over 117 days to setup and execute, they must have waited until I took a holiday.

The next resistance on the 4 hr is at 3242, on the daily it is 3090. However the daily has broken out of a massive triangle with a target distance of 1.4019 (Don't hold your breath for that one it took 159 days to setup)

The key is that the bulls have finally made their minds up to take of the reversal targets 3 down and 1 to go at 1.306.
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  • #452,183
  • Apr 21, 2017 12:39am Apr 21, 2017 12:39am
I also see on the daily that the current average is about to break the previous at 2546 so I guess price will try to hang high for a while to let the average do its thing.
  • #452,184
  • Apr 21, 2017 1:03am Apr 21, 2017 1:03am
Quoting Nala66
Hi Guys I'm back. I see that the G shot through the 4hr target of 2737 and went on to take out 3 of the daily targets to boot. These daily targets took over 117 days to setup and execute, they must have waited until I took a holiday. The next resistance on the 4 hr is at 3242, on the daily it is 3090. However the daily has broken out of a massive triangle with a target distance of 1.4019 (Don't hold your breath for that one it took 159 days to setup) The key is that the bulls have finally made their minds up to take of the reversal targets 3 down...
Howdy, hope ya had a good trip man ,,,,
  • #452,185
  • Apr 21, 2017 1:09am Apr 21, 2017 1:09am
Quoting digger1
{quote} Howdy, hope ya had a good trip man ,,,,
Yes thanks D fabulous weather all week. I see the market waited until I was away, hope you got a few pips from that big move.
  • #452,186
  • Apr 21, 2017 1:12am Apr 21, 2017 1:12am
Quoting Nala66
{quote} Yes thanks D fabulous weather all week. I see the market waited until I was away, hope you got a few pips from that big move.
Yea , turned out okay ,,,,,,sold the daily 200sma got averaged out with some profit but still pisses me off when that happens lol,,,,,,,yep if your away or close a trade because it dont look like it was gonna do much thats when it cranks for sure , ha,,,,,, good vacation is worth missing a few trades tho glad it was good man,,,,Im on a rain vacation lol,,,,,,couple inches kinda put the spring work at a stand still
  • #452,187
  • Apr 21, 2017 3:27am Apr 21, 2017 3:27am
This morning why do I get the feeling we will be looking to short off these "dizzy heights". Looking for either brilliant long or slightly lacklustre short trades
Gone to a better place
  • #452,188
  • Apr 21, 2017 4:42am Apr 21, 2017 4:42am
Will stick to just scalping today, think it's gonna be a choppy day GL
  • #452,189
  • Apr 21, 2017 4:50am Apr 21, 2017 4:50am
Cable going down to 1.2730: Thx to Citi for precise levels. You're all the greatest. #C
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"Diversification is an excuse for a lack of talent" ~FXC
  • #452,190
  • Edited 5:59am Apr 21, 2017 5:44am | Edited 5:59am
Short mode near on this pair - looking at 3 short positions over the next 7 - 10 days.

127 200 - 127 400 seems to be the entry zone which is usually the low point of the initial move so expect i higher from there for sure - no chart now as in middle of filming.

Lots of talk on the French Elections over here so will chart later if poss ..
  • #452,191
  • Apr 21, 2017 6:34am Apr 21, 2017 6:34am
We broke the year high Tuesday, because of an election announcement. Will it stick? And what disappointing retail sales though. I will be guided more by Usd sentiment. Numbers to watch closely: 1.2774; 1.2791; 1.28.

If Cable can trade above 1.28 for a few days this will be bullish. If any of the three numbers above are rejected, shorts are in play.
Gone to a better place
  • #452,192
  • Apr 21, 2017 7:41am Apr 21, 2017 7:41am
Quick scalp at 2793 short
  • #452,193
  • Apr 21, 2017 8:06am Apr 21, 2017 8:06am
Quoting Ill-b-back
I wonder if this play out is on the cards this week? Will prob need some more shock news {image} {image}
current buying power, but above not to play out this week
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  • #452,194
  • Apr 21, 2017 9:05am Apr 21, 2017 9:05am
Quoting josh11
Quick scalp at 2793 short

Grab +10, done for the week GL guys
  • #452,195
  • Apr 22, 2017 1:38am Apr 22, 2017 1:38am
Morning . Looking at 2833 target and possible ??? Possible short to 2555. . Break above 28337 then it should see that last week high.
  • #452,196
  • Apr 22, 2017 8:22am Apr 22, 2017 8:22am
There is a possibility for cable to consolidate its current gains. But since tomorrow is the 1st round of the French election it can happen anything as this can be the catalyst for some volatility in case there is some big surprises if Le Pen mange to be in the 1st place by a considerable vote turnout.

The main strategy remains for GBP/USD to have another attempt to break above last week high of 1.2905 and get closer to the big round number 1.3000, but any rally should quickly fade away and send cable back inside its range. Simply saying I'm expecting more range.


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best regards
  • #452,197
  • Apr 22, 2017 9:30am Apr 22, 2017 9:30am
Daily and weekly.
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  • #452,198
  • Apr 23, 2017 7:31am Apr 23, 2017 7:31am
Good week for the Sterling. Maybe consolidation can be expected in the coming week and a slight correction to the downside before bulls attempt to go higher.
  • #452,199
  • Apr 23, 2017 5:24pm Apr 23, 2017 5:24pm
It seems consolidation continues, the pair stay within the range between 1.2750 to 1.2860. In order to further gains, Pound needs to break above 1.29 level.
  • #452,200
  • Apr 24, 2017 1:40am Apr 24, 2017 1:40am
Lower to continue higher - logical approach.
127 300 short zone target 126 000
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