gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Short 10 @ 1.43686...

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Old Mar 29, 2016, 6:05pm   #1
j.n
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gbp/usd

Short 10 @ 1.43686
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Old Mar 29, 2016, 6:55pm   #2
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j.n started this thread Another 10 here at 1.43885
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Old Mar 29, 2016, 7:10pm   #3
 
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I predicted it would reach the 1.44-1.45 a few days ago.
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Originally Posted by hhiusa View Post
I will be long in this position for the forseeable future. I think the GBPUSD will climb to somewhere around 1.44-1.45 again. The GBP is the only currency that I could see that strengthened today. I think the pound is strengthening because the writing is on the wall about the failed European experiment; henceforth called the FEE by me. They do love their fees and taxes.
I bought it at 1.40890
+291
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Old Mar 30, 2016, 12:46pm   #4
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I think it's about to reverse.
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Old Mar 30, 2016, 3:56pm   #5
 
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It finally went past 1.44. That's is 300+.
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Old Mar 30, 2016, 5:21pm   #6
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j.n started this thread I did another 10 at 1.4444, covered it at 1.43812
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Old Mar 30, 2016, 5:22pm   #7
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Originally Posted by hhiusa View Post
It finally went past 1.44. That's is 300+.
Nice trade!
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Old Apr 1, 2016, 4:51am   #8
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j.n started this thread Long here at 1.43300
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Old Apr 1, 2016, 7:31am   #9
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j.n started this thread That was too easy. I'm out @ 1.43583 for a cool 28 pips
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Old Apr 1, 2016, 2:44pm   #10
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I think the pair will continue falling towards 1.4150 at least
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Old Apr 2, 2016, 12:37pm   #11
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Originally Posted by j.n View Post
That was too easy. I'm out @ 1.43583 for a cool 28 pips
I think after Friday data US Dollar will receive more bulls attention, so I guess shorting GBP/USD is a good idea for next week.
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Old Apr 2, 2016, 2:41pm   #12
j.n
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j.n started this thread I see it up to about 1.46000, but that's definitely longer term. If it opens near where it closed yesterday, you could buy and probably eek out about 40 points, short term. I'm definitely looking to buy if Friday's lows are tested.
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Old Apr 2, 2016, 11:13pm   #13
 
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If I should guess and don't have too...

crawl up somewhere above 50; maybe 70?
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Old Apr 4, 2016, 10:20am   #14
 
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cable5.4.png

Bearish on cable
The 1 hour chart on GBPUSD shows price returning to the middle Bollinger Band after the strong move down on Friday. It has failed to close above the middle band with a very bearish candle closing at 10am UK time. I'm looking to sell if it moves below the low of this candle.
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Old Apr 4, 2016, 10:25am   #15
 
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Yup I agree short term
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