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Cable Update (GBPUSD)

  • #417,721
  • Jul 29, 2015 12:22pm Jul 29, 2015 12:22pm
Wouldn't surprise me Algo, my point is, this release isn't going to change the landscape of the forex world ! Whichever way it goes its a spike and then a continuation of what we've been seeing, thats usually how I've seen things unfold. Iv decided to stay out of the market until things settle after the release.
  • #417,722
  • Jul 29, 2015 12:34pm Jul 29, 2015 12:34pm
hi guys, is this a valid railroad track reversal on the 4hr chart?
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  • #417,723
  • Jul 29, 2015 12:39pm Jul 29, 2015 12:39pm
Quoting kingofmicro
{quote} overbought ? my long term bias long. absolutely ... GBP INDEX WEEKLY CHART {image}
Long term, yes. But it felt like today's drop was necessary. It may even drop more. Fundamentally, you wouldn't buy anything else, but right there's no reason for it to rise without a pullback IMO.
  • #417,724
  • Jul 29, 2015 12:43pm Jul 29, 2015 12:43pm
Quoting MrTrendy
hi guys, is this a valid railroad track reversal on the 4hr chart?{image}
Trendy I see your trading from the UK, not sure what chart package your using but I could find no Bearish engulfing on my 4H, there was however an inverted hammer.

will try to post up my chart
  • #417,725
  • Jul 29, 2015 12:45pm Jul 29, 2015 12:45pm
Quoting mrfigure
Wouldn't surprise me Algo, my point is, this release isn't going to change the landscape of the forex world ! Whichever way it goes its a spike and then a continuation of what we've been seeing, thats usually how I've seen things unfold. Iv decided to stay out of the market until things settle after the release.
Your totally right of course what goes around always comes back again - took a position sell at 156 500 either way if it goes higher it will come back round and lower sure you know the game as much as i mr F -
  • #417,726
  • Jul 29, 2015 12:49pm Jul 29, 2015 12:49pm
sharp pullback from present dly high, 76.4% 5586-5689/38.2% 5488-5689 at the pullback low...so, what will the fed do to it ?

best wishes
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it's all gone a bit........
  • #417,727
  • Jul 29, 2015 12:52pm Jul 29, 2015 12:52pm
if it hits up at 156 then 2nd sell position to be taken ..
  • #417,728
  • Jul 29, 2015 12:53pm Jul 29, 2015 12:53pm
Quoting mrfigure
{quote} Trendy I see your trading from the UK, not sure what chart package your using but I could find no Bearish engulfing on my 4H, there was however an inverted hammer. will try to post up my chart
thanks mate
  • #417,729
  • Jul 29, 2015 1:22pm Jul 29, 2015 1:22pm
after fomc, still flat. i am wait
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  • #417,730
  • Jul 29, 2015 1:32pm Jul 29, 2015 1:32pm
Quoting Algorerythmn
if it hits up at 156 then 2nd sell position to be taken ..
did not watch the move , but in 5633 auto , did it go up or down first do you know ??? sunshine lol
  • #417,731
  • Jul 29, 2015 1:42pm Jul 29, 2015 1:42pm
Quoting elbert3
{quote} did not watch the move , but in 5633 auto , did it go up or down first do you know ??? sunshine lol
It went up first to 156 500 as near as -
seems to be the high if one is correct first candle under the high on the one hour chart too -
  • #417,732
  • Jul 29, 2015 1:42pm Jul 29, 2015 1:42pm
Quoting MrTrendy
{quote} thanks mate
Trendy this is the H4 of cable from the same time period, this is the IG index pro real time chart from IT finance. What are you using ?
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  • #417,733
  • Jul 29, 2015 1:43pm Jul 29, 2015 1:43pm
Quoting elbert3
{quote} Yes i saw your chart well done , so where now , regards just hit that tl that i put up tp,, short order 5600 , and lets see 5633 area to short also,, no longs for now until i see whats going on, gl E
as above see what happens see chart
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if it goooooes 5540/30 it this 4 hour candle shows a false move down then up, we will see 6400, sounds crazy , i hope it does not , pp on 5622
  • #417,734
  • Jul 29, 2015 1:44pm Jul 29, 2015 1:44pm
dollar index h1
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  • #417,735
  • Jul 29, 2015 1:49pm Jul 29, 2015 1:49pm
Quoting Std-uk
Pending order Short @ 1.5670
Hit [email protected] while busy at work.

Expect move up next week.
  • #417,736
  • Jul 29, 2015 1:52pm Jul 29, 2015 1:52pm
Buy
Stake
Level
Buy 21 at 1.56527
Hedging
Cancelled
Good for day
Date/Time

Contingent Orders
thats me all safe for now, wine time
Attached Image
  • #417,737
  • Jul 29, 2015 5:06pm Jul 29, 2015 5:06pm
Quoting Kajos2250
{quote} Buy stop triggered, previous got BE...
GU D1 GMT+2

booking some loss again.
nice bearish pin bar on the wrong place, wrong time...
failed bullish belthold, bearish engulfing, next is failed bearish pin
stay on the long side until new MN1, but to the next daily close!
bears at .5638 are waiting us!
buy limit .5582, buy stop .5638.
next level .5712, risk 1...

Good Luck
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Anything is math!
  • #417,738
  • Jul 29, 2015 5:23pm Jul 29, 2015 5:23pm
Quoting Kajos2250
{quote} GU D1 GMT+2 booking some loss again. nice bearish pin bar on the wrong place, wrong time... failed bullish belthold, bearish engulfing, next is failed bearish pin stay on the long side until new MN1, but to the next daily close! bears at .5638 are waiting us! buy limit .5582, buy stop .5638. next level .5712, risk 1... Good Luck {image}
bull would enjoy a good ride if daily could close above 1.5640 but the game has changed. shorts above 1.5610 looking good
Attached Image
As Above, So Below
  • #417,739
  • Jul 29, 2015 5:28pm Jul 29, 2015 5:28pm
Quoting tashkent
{quote} bull would enjoy a good ride if daily could close above 1.5640 but the game has changed. shorts above 1.5610 looking good {image}
i see. need the liquidity. the game is not over just begins
Anything is math!
  • #417,740
  • Jul 29, 2015 9:47pm Jul 29, 2015 9:47pm
?
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