Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#452,701
May 19, 2017 9:44am May 19, 2017 9:44am

Marianne
Joined Apr 2014 | Status: Trader | 1,094 Posts

Quoting elbert3

Disliked

Just about to leave a quick look 4 hour yesterday move 61% I have 2984 ish

Ignored

Do you remember the big drop before the change of position at the area around 2250? Can we witness the same situation now the drop yday might be change of position from bull to BEAR? What do you think? Strange movements change of positions. If it would be the same as last time we would have another spike up and a big drop?

#452,702
May 19, 2017 9:46am May 19, 2017 9:46am

MrPresident
Joined Apr 2017 | Status: trying to make money | 3,341 Posts

Quoting Marianne

Disliked

{quote} Do you remember the big drop before the change of position at the area around 2250? Can we witness the same situation now the drop yday might be change of position from bull to BEAR? What do you think? Strange movements change of positions. If it would be the same as last time we would have another spike up and a big drop?

Ignored

need to have a wide stop and then just buy/sell the spike

these spikes always go to the major support and resistance levels and this can be about 100-150 pips

Don't Worry Be Happy

#452,703
May 19, 2017 9:49am May 19, 2017 9:49am

Marianne
Joined Apr 2014 | Status: Trader | 1,094 Posts

Quoting MrPresident

Disliked

{quote} need to have a wide stop and then just buy/sell the spike these spikes always go to the major support and resistance levels and this can be about 100-150 pips

Ignored

To me it looks the same pattern as at 2215 when it turned up. Think the big drop was a warning sign yesterday

#452,704
May 19, 2017 12:23pm May 19, 2017 12:23pm

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Quoting Marianne

Disliked

{quote} Do you remember the big drop before the change of position at the area around 2250? Can we witness the same situation now the drop yday might be change of position from bull to BEAR? What do you think? Strange movements change of positions. If it would be the same as last time we would have another spike up and a big drop?

Ignored

Just at a dinner do . And had a sneaky look so the wife don't see me and 4 hour doji ??? Have to go in case I get caught lol hic

#452,705
May 19, 2017 2:43pm May 19, 2017 2:43pm

baldmonk
| Joined Mar 2016 | Status: Trader | 152 Posts

Quoting Toranaga

Disliked

FYI. That is exactly what i thinking about. Im interested in long term shorting Cable. We could and maybe will reach 1.35 in the next weeks but imo only to be able to short more from there. Quote. The whole article is is simple understandable written but very interesting. {quote}[/i] Whole article here: https://www.fxstreet.com/news/gbp-us...k-201705191210...

Ignored

wholeheartedly agree with this piece. this cable rally brought on by PM May and political tantrum targeting big T is a bit overdone. but the market is never wrong and can certainly last longer than my account....

#452,706
May 21, 2017 1:34pm May 21, 2017 1:34pm

arigoldman
| Joined Oct 2014 | Status: Trader | 915 Posts

Very good move last week. I'm expecting the upside trend to continue in the next.

#452,707
May 21, 2017 1:41pm May 21, 2017 1:41pm

okshop
Joined Mar 2017 | Status: Impeccable | 2,829 Posts

Not sure if the recent US new will have any impact on the trend

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Self discipline It is a practice

#452,708
May 21, 2017 6:10pm May 21, 2017 6:10pm

Nala66
Joined Mar 2016 | Status: Trader | 6,378 Posts

On the 1 hour...The GBP is still trading above its average and has now managed to find support at 1.299 which should allow it to take out the resistance at 1.3039.

The next resistance is at 1.3210

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#452,709
May 21, 2017 7:17pm May 21, 2017 7:17pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

We are in the zone.

Looking for a retreat to 2960ish for a 100+ pip run up

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Come with me if you want to live....

#452,710
May 21, 2017 9:12pm May 21, 2017 9:12pm

zhouxx0088
| Joined Nov 2016 | Status: This is the sea of learning | 93 Posts

Quoting Forexgain

Disliked

My chart says, we are about to see a clear break of 1.30 level today (or this week). Going with my charts & betting heavily on it {image}

Ignored

Hi, my friend, I've been here all weekend......

#452,711
May 22, 2017 12:13am May 22, 2017 12:13am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

not that bad areas to play keeping targets at top 1,3180/3220 while correction chances 1.2815- 2615 remain intact though ignoring recently.so be flexible in action . Take care , fontu
Remember though gu is so bullish but 1.3480 areas remain great pull back to continue down great too. so 1.3220 0r some more can be good stop for bull, to watch for any crush next .

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#452,712
May 22, 2017 1:01am May 22, 2017 1:01am

Aleksbuk
Joined Jun 2016 | Status: Trader | 3,004 Posts

Inserted Video

#452,713
May 22, 2017 2:17am May 22, 2017 2:17am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

Morning we have a gap to fill but how where and when is the question did it find support or are we gong low until election. This could cud be one of them gaps where traders with out a rule could open a big lot long trade only to find it goes down and down and down . So in the words of Fontu , let's take care out there https://m.youtube.com/watch?v=Jmg86CRBBtw

#452,714
May 22, 2017 2:39am May 22, 2017 2:39am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Don't think too much about it, don't get to complicated, resist multiple options.
Follow your charts

Come with me if you want to live....

#452,715
May 22, 2017 2:47am May 22, 2017 2:47am

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Quoting Ill-b-back

Disliked

Don't think too much about it, don't get to complicated, resist multiple options. Follow your charts

Ignored

true ,follow what comes up without any fight at this level , go upto 1.2900 without any harm , if breaks 1.2888 then may to sure test 1.2846 & may ultimately breaks 1.2820 towards 1.2754 breaks( minimum if not insane ) ++ before next up start again. so step by step or get out , may not once for all . Take care again. fontu

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#452,716
May 22, 2017 7:41am May 22, 2017 7:41am

MrPresident
Joined Apr 2017 | Status: trying to make money | 3,341 Posts

if the daily closes above 1.3050, then this pair will be more bullish towards 1.35

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Don't Worry Be Happy

#452,717
May 22, 2017 7:54am May 22, 2017 7:54am

baldmonk
| Joined Mar 2016 | Status: Trader | 152 Posts

Quoting elbert3

Disliked

Morning we have a gap to fill but how where and when is the question did it find support or are we gong low until election. This could cud be one of them gaps where traders with out a rule could open a big lot long trade only to find it goes down and down and down . So in the words of Fontu , let's take care out there https://m.youtube.com/watch?v=Jmg86CRBBtw

Ignored

thanks elbert3

#452,718
May 22, 2017 8:47am May 22, 2017 8:47am

Zakhar13
| Joined Aug 2016 | Status: Trader | 258 Posts

The price continues to move up to the point of 1.30567. However, I believe that the price may drop to the point of 1.29683. And test the support line.

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