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Cable Update (GBPUSD)

  • #452,321
  • May 1, 2017 5:44am May 1, 2017 5:44am
Quoting josh11
{quote} I am a scalper, so this is my short term view GL
Ya for me i dont Scalp anymore i do long term Trades
my SL is 1.28861 and Tp depends 15 to 30 pips will run away
  • #452,322
  • May 1, 2017 6:27am May 1, 2017 6:27am
Quoting josh11
Taking a short here at 2934 GL
Closed for + 20 pips
  • #452,323
  • May 1, 2017 6:28am May 1, 2017 6:28am
Quoting josh11
{quote} Closed for + 20 pips
Nice trade and nice entry. I think you could have ridden that for longer, but I guess it depends on your strategy and time frames
  • #452,324
  • May 1, 2017 8:38am May 1, 2017 8:38am
Though nearby bull target 1.300 not far still wait for buy deep for next test to the targets , I mean 1.2600 areas, will wait for it .Take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #452,325
  • May 1, 2017 10:18am May 1, 2017 10:18am
Quoting fontu
Though nearby bull target 1.300 not far still wait for buy deep for next test to the targets , I mean 1.2600 areas, will wait for it .Take care , fontu {image}
I'm currently a seller of cable, but in an ideal world (and using current charts) I'd look to buy at 1.2630. However, if price action was bearish around this level, I'd look to continue with my short position(s).
  • #452,326
  • May 1, 2017 2:32pm May 1, 2017 2:32pm
I'm short 0.5 lots at 1.29327.

Now we appear to have broken near term resistance of 1.29053, I'm looking to hold until 1.28086. This appears to be a 'safe' take profit zone, in that it should reach this level before, potentially, retracing.
  • #452,327
  • May 1, 2017 9:41pm May 1, 2017 9:41pm
Quoting hippiedog
Tomorrows Prelim GDP q/q?????? red numbers on 21st without a lower close prior next leading GBP pair. Any future high without a retest will be a fakey. I still remain bullish on monthly as candle of the year. This is short term forecast prior tomorrows gdp. Watch the fakey. SECRET SAUCE THAT FAKEY Also eurnzd opportunity TP below TL {image} {image} {image}
Still watching GBPUSD

EURNZD DONE £££££
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FREEDOM IS SECURITY.
  • #452,328
  • May 1, 2017 10:09pm May 1, 2017 10:09pm
Yesterday we saw price make a 50% retracement.

Now we need to see the GBP find support above the EMA and then we should see it take out the resistance at 1.2977
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  • #452,329
  • May 1, 2017 10:25pm May 1, 2017 10:25pm
Quoting Nala66
Yesterday we saw price make a 50% retracement. Now we need to see the GBP find support above the EMA and then we should see it take out the resistance at 1.2977 {image}
Hey nala

I threw on the CCI for the 200 20 cross and i am waiting for 0.00 OR MAYBE NEGATIVE 100 200 now....

there be support somewhere in 0.00 -100 -200

I remain bullish but dip required or it a fakey for me.

Dont see much CCI on this thread, thought id bring it to the floor for everybody attention..

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FREEDOM IS SECURITY.
  • #452,330
  • May 1, 2017 10:41pm May 1, 2017 10:41pm
I only use the 26 EMA because it represents the waterline of the RSI and MACD. This is important to be able to find where the bears or bulls find support. Later the support levels become resistance targets.

With the EMA I only compare it to the past EMA level i.e. bump to bump this tells us if the market is strong in any direction.
  • #452,331
  • May 1, 2017 10:42pm May 1, 2017 10:42pm
Quoting hippiedog
tomorrows prelim gdp q/q?????? Red numbers on 21st without a lower close prior next leading gbp pair. Any future high without a retest will be a fakey. I still remain bullish on monthly as candle of the year. This is short term forecast prior tomorrows gdp. Watch the fakey. Secret sauce that fakey Also eurnzd opportunity tp below tl {image} {image} {image}

hence secret sauce that fakey...

Yall welcome to my cci wisdom, thow yall better get your mits of my secret sauce....

You aint havin that..
FREEDOM IS SECURITY.
  • #452,332
  • May 1, 2017 10:47pm May 1, 2017 10:47pm
Quoting Nala66
I only use the 26 EMA because it represents the waterline of the RSI and MACD. This is important to be able to find where the bears or bulls find support. Later the support levels become resistance targets. With the EMA I only compare it to the past EMA level i.e. bump to bump this tells us if the market is strong in any direction.
FREEDOM IS SECURITY.
  • #452,333
  • May 1, 2017 10:49pm May 1, 2017 10:49pm
To use the CCI effectively you need to also use the Bollinger Bands, they work in tandem.
  • #452,334
  • May 1, 2017 10:52pm May 1, 2017 10:52pm
Quoting Nala66
To use the CCI effectively you need to also use the Bollinger Bands, they work in tandem.
TADAA
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FREEDOM IS SECURITY.
  • #452,335
  • May 1, 2017 11:17pm May 1, 2017 11:17pm
Here is a typical trade setup using the CCI and BB.

You should change your CCI back to the default 14 or things don't make any sense.
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  • #452,336
  • Edited May 2, 2017 12:24am May 1, 2017 11:41pm | Edited May 2, 2017 12:24am
CCI can be used for variety of uses, such as divergence, hedging etc but if using bollingers i find best settings 100/2 with CCI 20 give the best results...

you would have gotten stopped out.

where as this is a an excellent trade.

Enter the dip follow the trend..

stop friendly.

0.000 negative 100 negative 200
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FREEDOM IS SECURITY.
  • #452,337
  • May 1, 2017 11:47pm May 1, 2017 11:47pm
Quoting PayTheLimit
I'm in the bull camp also, and 1.2820/25 seems like a decent support to lean on today... {image}
will try bidding here again today...
Look Sharp/Trade Tight
  • #452,338
  • May 1, 2017 11:48pm May 1, 2017 11:48pm
Quoting hippiedog
{quote} Hey nala I threw on the CCI for the 200 20 cross and i am waiting for 0.00 OR MAYBE NEGATIVE 100 200 now.... there be support somewhere in 0.00 -100 -200 I remain bullish but dip required or it a fakey for me. Dont see much CCI on this thread, thought id bring it to the floor for everybody attention.. {image}
hence find support 0.000 negative 100 negative 200
FREEDOM IS SECURITY.
  • #452,339
  • May 1, 2017 11:56pm May 1, 2017 11:56pm
[quote=hippiedog;9817736] you would have gotten stopped out. /quote]

Sorry but that was a 56 pip gain, not loss.

Mind you I would not have taken this because I don't use this for setups at all.
  • #452,340
  • May 2, 2017 1:16am May 2, 2017 1:16am
Quoting Ill-b-back
{quote} target area above Weekly also looks bullish to me. Curious as to (rationale) for a 400-500, even 1000 pip drop. Something tells me there will be no explanation provided... {image} {image}
I think down a few for the Pound to Puppy Dog central
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Come with me if you want to live....
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