gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Very much long right now at 1.45409. You might wanna......

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Old May 4, 2016, 6:07am   #61
j.n
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j.n started this thread Very much long right now at 1.45409. You might wanna...
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Old May 4, 2016, 1:40pm   #62
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The pair bounced off the support at 1.4470, which is EMA89 on the four-hour time frame, but I don't think this is the end to the move to the downside. In my opinion GBP/USD would test the support one more time at least, and if it breaks below it it will continue falling towards 1.4400.
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Old May 4, 2016, 7:04pm   #63
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j.n started this thread I'm adding on 3 more.
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Old May 5, 2016, 2:11pm   #64
Joined Dec 2015
The support at 1.4470 proved to be pretty strong and the pair bounced off of it again. I think it will likely continue climbing towards 1.4560 again.
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Old May 5, 2016, 10:11pm   #65
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Gbpusd

The drop on the GBPUSD seems to be losing some steam, the bullish trend is still in place and the pair may go back up.
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Old May 6, 2016, 3:41pm   #66
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Quote:
Originally Posted by j.n View Post
Got my 1.46000! Good spot to sell here fokes.
Quote:
Originally Posted by j.n View Post
You could get short for an easy ... errr .... 300 pips and I don't think it would give you too much trouble. BUT - there's so many little guys to make money on in between, almost not worth tying up your money for it.
And there's your easy ... errr ... 300 pips if you sold at 1.46000 like I said. That was too easy.

Hm... every single trade I've posted has won.

I'm going to add 5 more to my current long here at 1.44465

You might wanna
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Old May 7, 2016, 8:49pm   #67
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Maybe a little more to the down side.
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Old May 9, 2016, 6:18pm   #68
j.n
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Originally Posted by arigoldman View Post
Maybe a little more to the down side.
Yea, I think this is about it. I'm holding on to my longs. Got a good little tease last night, but I should close in the green sometime this week.

This is a really good spot to get long (at a much better price than I did) for about 140 points, more or less.

^Edit: just (always) make sure you give yourself room to the downside. Don't over-leverage. This is a larg(er) trade and might take some time... but again, I think the low is priced in right now.
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Old May 10, 2016, 12:25pm   #69
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The pair is moving between the support at 1.4400 and and the resistance at 1.4470, we'll have to see which one of these levels it will break below or above for range to end. Right now it's a little unclear what direction the pair will take.
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Old May 10, 2016, 5:27pm   #70
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Gbpusd

The GBPUSD bounces to the upside from the 1.4400 and from the 55 day EMA. The 1.4500 level may act as its next resistance.
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Old May 12, 2016, 2:33pm   #71
j.n
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j.n started this thread Here's where you exit that long. I'm out at 1.45217.

Last edited by j.n; May 12, 2016 at 2:45pm.
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Old May 12, 2016, 2:45pm   #72
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j.n started this thread If I'm exiting my long, might as well get short @ 1.45222
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Old May 12, 2016, 4:04pm   #73
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If I'm exiting my long, might as well get short @ 1.45222
Covering here at 1.44948
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Old May 17, 2016, 10:50am   #74
Joined Dec 2015
GBP/USD is testing the resistance at 1.4500 again, I think it will break above it. If it does, next target will be around 1.4650 - 1.4660.
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Old May 17, 2016, 3:02pm   #75
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I don't think bears are done yet.
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