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Cable Update (GBPUSD)

  • #453,021
  • Jun 12, 2017 7:40am Jun 12, 2017 7:40am
After the fall last week. Pound tested the support and now passing through the support rushed down to the point of 1.26352. And it is possible to fall lower to the point of 1.25139. However, I guess after reaching point 1.26352, the price will turn around and move to the 1.26937 point. Where the price is likely to return to the channel and move up to point 1,28021.
Attached Image (click to enlarge)
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  • #453,022
  • Jun 12, 2017 7:43am Jun 12, 2017 7:43am
For now GBP/USD remains very bearish and it will likely test once again the last low it reached after the election at 1.2634.
  • #453,023
  • Jun 12, 2017 8:01am Jun 12, 2017 8:01am
Quoting james1254
For now GBP/USD remains very bearish and it will likely test once again the last low it reached after the election at 1.2634.
And after testing Election's Low may go South further to 2500!!!
  • #453,024
  • Jun 12, 2017 8:22am Jun 12, 2017 8:22am
All I see is that its reaching down for 1.25 at least and pretty sure it would test even further down to 1.23 before going back up.
  • #453,025
  • Jun 12, 2017 5:09pm Jun 12, 2017 5:09pm
Quoting DwainUK
All I see is that its reaching down for 1.25 at least and pretty sure it would test even further down to 1.23 before going back up.
Sooo conservative figures

I heard May will kick some more ass. Davis,... David....Hunt... whatever. Total mess!! Trying to save.....err.....face.

BoJo, backStabo coming again to play

Big fun, bread and circuses.!!!
June2016 all over!!!!

Sell pound but after tomorrow's news - they may stage nice spikes tonight!!!

I just read more news - May will see Macaron, Merkel, some DUP woman, shadow, whatever, wherever...
Just imagine the MESS that's coming.
All with M!!!!!

Here's another news for another M...... 
the big M

And may sell pound for 1.10 finally?? or what?
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Beware of robber banks (RB), bad advisors.
  • #453,026
  • Jun 12, 2017 6:37pm Jun 12, 2017 6:37pm
For me this is a wait and see situation... Looking at the daily chart it is difficult to tell if the bulls or bears are going to take the ball and run with it.
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  • #453,027
  • Jun 12, 2017 7:39pm Jun 12, 2017 7:39pm
Looking at structure and PA, I think any stabs north are a good sell, as it was yesterday
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #453,028
  • Edited 1:43am Jun 13, 2017 1:17am | Edited 1:43am
hope it can hold d bottom & soon test 1.2779/2802/26.lets see & take care for all actions . fontu
Tilting head to straight try , one last try no the least though> little bigger picture .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #453,029
  • Jun 13, 2017 3:41am Jun 13, 2017 3:41am
Hello traders,

I would like to show my trade on GBPAUD, entry taken this morning some minutes ago.

The chart is bellow with the explanations.

A nice day to all of you,

Ioan
Attached Image (click to enlarge)
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  • #453,030
  • Jun 13, 2017 5:56am Jun 13, 2017 5:56am
Quote
Hello traders,

I would like to show my trade on GBPAUD, entry taken this morning some minutes ago.

The chart is bellow with the explanations.

A nice day to all of you,

Ioan

I'm sorry... I don't trade GBPAUD.
  • #453,031
  • Edited 6:54am Jun 13, 2017 6:40am | Edited 6:54am
62 pips on the up move closed
30 pips spot on the euro gbp reverse move.
92 pips done for the day.
time for a swim

surprised is if it doesnt go higher but hey traded a heavy lot size so good to be done ..
  • #453,032
  • Jun 13, 2017 6:40am Jun 13, 2017 6:40am
Trading of my phone today, took a buy a little to early but it is paying off now! Seems like the 61.8 fib level on the 1 hour amd 4 hour chart is broken, next up: 1.277x.

Stoploss moved very close to current price to avoid losing too much if it turns within the next 25 minutes. If this 1 hour candle closes above the fib level 61.8 price will definitely push up a bit more!!

Green pips to all
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  • #453,033
  • Jun 13, 2017 6:48am Jun 13, 2017 6:48am
Quoting ioni72
Hello traders, I would like to show my trade on GBPAUD, entry taken this morning some minutes ago. The chart is bellow with the explanations. A nice day to all of you, Ioan {image}
Hey Trader nice one, see you think about your trades too .. just wondering what the oscilator is above the volume one?
  • #453,034
  • Jun 13, 2017 6:53am Jun 13, 2017 6:53am
I am hoping I have not gone short too soon, but I am short from 1.27285. It looks like it is struggling to get above resistance of ~1.27320. Has hit it three times over the last hour
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  • #453,035
  • Jun 13, 2017 7:01am Jun 13, 2017 7:01am
Quoting dean1star
{quote} Hey Trader nice one, see you think about your trades too .. just wondering what the oscilator is above the volume one?
Hi Dean1star,

Momentum with a small changement to send an alert by pop-up window when the indicator hit a certain level.

Do you want it?
  • #453,036
  • Jun 13, 2017 9:00am Jun 13, 2017 9:00am
Quoting Dr.Zain
{quote} And after testing Election's Low may go South further to 2500!!!
GBP/USD did retest the support at 1.2634 and formed a double bottom at that level before bouncing off from it. Next target is likely at 1.2750 - 1.2760.
  • #453,037
  • Jun 13, 2017 9:10am Jun 13, 2017 9:10am
Hi ioni72, Can you share your momentum indicator? Thanks.
Quoting ioni72
{quote} Hi Dean1star, Momentum with a small changement to send an alert by pop-up window when the indicator hit a certain level. Do you want it?
SVT refer to mql5 link
  • #453,038
  • Jun 13, 2017 9:33am Jun 13, 2017 9:33am
Quoting ioni72
{quote} Hi Dean1star, Momentum with a small changement to send an alert by pop-up window when the indicator hit a certain level. Do you want it?
Ioni thanks that would be really good.
  • #453,039
  • Jun 13, 2017 11:30am Jun 13, 2017 11:30am
I would have never thought we'd get such a nice pop to the upside ...considering nothing has really changed in the UK..seems like it's even gotten a little worse..I was going to scalp a small long last night but thought it wouldn't be worth the effort..That's what I get for thinking....lol..now just wondering how high it'll go..considering a short around the 1.2765 area...
  • #453,040
  • Jun 13, 2017 11:40am Jun 13, 2017 11:40am
Quoting petehnm
I would have never thought we'd get such a nice pop to the upside ...considering nothing has really changed in the UK..seems like it's even gotten a little worse..I was going to scalp a small long last night but thought it wouldn't be worth the effort..That's what I get for thinking....lol..now just wondering how high it'll go..considering a short around the 1.2765 area...
I have a pending sell limit there 2, hope it get’s fill GL
Self discipline It is a practice
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