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Cable Update (GBPUSD)

  • #452,421
  • May 4, 2017 4:37am May 4, 2017 4:37am
Quoting Nala66
I just got back home and the Bulls are on fire making better than a 50% retracement and looking like they are going for the 75% which is the resistance. {image}
Yes never took any long on that one this is the 3 rd try 2895 and 2903 see if it confirms my break number or its hedge time
  • #452,422
  • May 4, 2017 4:47am May 4, 2017 4:47am
Quoting Nala66
I just got back home and the Bulls are on fire making better than a 50% retracement and looking like they are going for the 75% which is the resistance. {image}
4 hour 50 ema saved the day again I did not even check it out
  • #452,423
  • May 4, 2017 4:56am May 4, 2017 4:56am
Today is a bullish day on gbpusd
  • #452,424
  • May 4, 2017 9:30am May 4, 2017 9:30am
Come of gu get down
  • #452,425
  • May 4, 2017 12:35pm May 4, 2017 12:35pm
Whilst they are small peaks and troughs, lower highs and lower lows are definitely forming on the H4 chart.

Add that to the very clear divergence and it looks like a case of 'if' and not 'when'.

EDIT - I just realised that I attached totally the wrong screenshot. Now updated.
Attached Image (click to enlarge)
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  • #452,426
  • May 4, 2017 2:39pm May 4, 2017 2:39pm
May be not looks like hedge time here 5 hits now on the 5 min chart boom or down heads or tails 2923
  • #452,427
  • May 4, 2017 3:03pm May 4, 2017 3:03pm
trying to short from 1.2950 because i am feeling good
Don't Worry Be Happy
  • #452,428
  • May 4, 2017 3:07pm May 4, 2017 3:07pm
Quoting MrPresident
trying to short from 1.2950 because i am feeling good
\Already short at 1.2926 do you think it was too early
Think Think Think.
  • #452,429
  • May 4, 2017 3:16pm May 4, 2017 3:16pm
Quoting elbert3
Come of gu get down
trying short 1.2950...yesterday hight
My hedge open two days is killing me ... I do not know how to close it without a loss
  • #452,430
  • May 4, 2017 3:47pm May 4, 2017 3:47pm
Quoting kik
{quote} trying short 1.2950...yesterday hight My hedge open two days is killing me ... I do not know how to close it without a loss
Failed again
  • #452,431
  • May 4, 2017 3:51pm May 4, 2017 3:51pm
Quoting kik
{quote} trying short 1.2950...yesterday hight My hedge open two days is killing me ... I do not know how to close it without a loss
Under myself because of not hedging 2903 watching gbj for a top fail also
  • #452,432
  • May 4, 2017 5:13pm May 4, 2017 5:13pm
Holding.
Attached Image (click to enlarge)
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Lord Forex
  • #452,433
  • May 4, 2017 5:29pm May 4, 2017 5:29pm
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}
Out of long before market close.
Structure still well in tact and I don't think that monthly hammer is going to give up easily.
Buying dips as they occur. 1.3070 a good first target
Come with me if you want to live....
  • #452,434
  • May 4, 2017 5:57pm May 4, 2017 5:57pm
Quoting Ill-b-back
{quote} Out of long before market close. Structure still well in tact and I don't think that monthly hammer is going to give up easily. Buying dips as they occur. 1.3070 a good first target
Don't forget the French erections may flatten the market or send it into a spin.
  • #452,435
  • May 4, 2017 6:16pm May 4, 2017 6:16pm
Quoting Nala66
{quote} Don't forget the French erections may flatten the market or send it into a spin.
Maybe Buy the Rumor, Sell the News ...
  • #452,436
  • May 4, 2017 6:17pm May 4, 2017 6:17pm
So what do we see today.

Well we are back exactly in the same situation as of Monday. The bulls have again found support and are still trying to break that average high. Price can stall for a while to allow that EMA to catch up but then we still need to see that big pushing bar which we failed to get on Monday.
Attached Image (click to enlarge)
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  • #452,437
  • May 4, 2017 6:19pm May 4, 2017 6:19pm
Quoting Nala66
{quote} Don't forget the French erections may flatten the market or send it into a spin.
Howdy bud , hope all is well, been tough sledding trying to short this as of yet lol,,,,,,,,was thinking a poke down to 2740 ish area before a pop buuut got tired of scrambling to keep shorts in the money so cut them all at todays lows,,(quarterly R1 ),,,,,,, and took a few longs Ill see if these can do anything ha,,,,, havent quite met the 1st projection on the daily and the last little projection on the daily puts price at the monthly projection which just happens to be the quarterly R2 almost to the pip ( is projecting like profiling,,,lol) think the feds no hike may just have been the Viagra the gbp needed for the french er or elections I mean pop to finish off this up move ,, time will tell,,,,,,,, gotta get it over with the summer doldrums are approaching fast cheers all.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #452,438
  • May 4, 2017 6:21pm May 4, 2017 6:21pm
PS a little pop above this weeks open 2945ish be careful with shorts
  • #452,439
  • May 4, 2017 6:32pm May 4, 2017 6:32pm
Quoting digger1
{quote}Howdy bud , hope all is well, been tough sledding trying to short this as of yet lol,,,,,,,,was thinking a poke down to 2740 ish area before a pop buuut got tired of scrambling to keep shorts in the money so cut them all at todays lows,,(quarterly R1 ),,,,,,, and took a few longs Ill see if these can do anything ha,,,,, havent quite met the 1st projection on the daily and the last little projection on the daily puts price at the monthly projection which just happens to be the quarterly R2 almost to the pip ( is projecting like profiling,,,lol)...
Yep I don't think I could trade under your US restrictions, it would drive me crazy.

They do say that the during the US summer the market drops off a tad but that has never made any difference to me.

I see the daily a bit different from you and wouldn't even bother looking at a weekly (too far away for my tastes)
Attached Image (click to enlarge)
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  • #452,440
  • May 4, 2017 7:56pm May 4, 2017 7:56pm
Quoting Nala66
{quote} Don't forget the French erections may flatten the market or send it into a spin.
Yep, I'm counting on some volatility. Why I closed out in profit before the weekend crazy moves
Come with me if you want to live....
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