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Cable Update (GBPUSD)

  • #458,661
  • Mar 21, 2018 6:13am Mar 21, 2018 6:13am
could be that's true

Quoting Tsar
The Formation 3 (Last) Candle looks interesting ! Cable for Next Month will be... The Bullish Trend continues Or will changes to Bearish {image}

Quoting Bones
while thats a bearish looking monthly id be careful what the shaven means , on the way down it gapped under that level {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,662
  • Edited 6:28am Mar 21, 2018 6:18am | Edited 6:28am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: 2005 GBPUSD-4-hours.png Size: 45 KB
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  • #458,663
  • Mar 21, 2018 7:04am Mar 21, 2018 7:04am
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  • #458,664
  • Mar 21, 2018 7:28am Mar 21, 2018 7:28am
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  • #458,665
  • Mar 21, 2018 7:29am Mar 21, 2018 7:29am
Quoting Mr.N
Hey all This is what I see in the GBPUSD Red engulfing candle at 8H chart that get a low 1H chart last bollinger band price need to fall to the trendline to test him and maybe to make new low to the engulfing candle Any way GBPNZD is look the must good trade now in the market (price make sneak attack above Daily chart last Bollinger band) So its a good short for 300 pips target GL HF {image}

Price very close to take profit 1 ... GBPNZD also start to fall
  • #458,666
  • Mar 21, 2018 7:43am Mar 21, 2018 7:43am
Attached Image (click to enlarge)
Click to Enlarge Name: 2010 GBPUSD-Daily.png Size: 46 KB
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  • #458,667
  • Mar 21, 2018 8:19am Mar 21, 2018 8:19am
Attached Image (click to enlarge)
Click to Enlarge Name: 2010 GBPUSD-1-hour.png Size: 38 KB
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  • #458,668
  • Mar 21, 2018 8:48am Mar 21, 2018 8:48am
Quoting ItsAtrap
Hello Cable traders. I have been waiting for opportunity to re-enter long Cable but it took several days of waiting. Finally, I got a tradeable set-up on March 9th. Been long since then. Today's large bullish move allows me to move my SL to near entry level. I post my tactic below, on the daily chart. The trend remains strongly bullish GBP, JPY, EUR, bearish USD I am no longer long Gilts. I exited for small profit. I see govt bond yields as still having upside potential. That includes US treasuries. So their prices will probably continue sliding...

Good afternoon from a sunny London. I'm still long Cable. SL still at just below my entry level. If the market doesn't reverse and gives us another long bullish daily candle, I will move SL to exactly break-even.

Also still short U/JPY, EUR/GBP
  • #458,669
  • Mar 21, 2018 9:04am Mar 21, 2018 9:04am
no way , not today
Quoting Mr.N
{quote} Price very close to take profit 1 ... GBPNZD also start to fall
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  • #458,670
  • Mar 21, 2018 9:07am Mar 21, 2018 9:07am
Attached Image (click to enlarge)
Click to Enlarge Name: 2020 GBPNZD-Daily.png Size: 28 KB
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  • #458,671
  • Mar 21, 2018 9:32am Mar 21, 2018 9:32am
Quoting Bones
{image}{image}
Today... All News Reported is Support for Bullish
GBP News is Positive Reported
USD News is Negative Reported

It just Wait FOMC News later...
We already know the Leakage of that's News

Cable in H4 Chart will try Broke the Price 1.40885 as Resistance.
After Broken, she has Clean Up previous Bearish Candle.

And the Next go Daily Chart, Price 1.4100 as Key point (Calculation by 2 Body Crosses) and Above in Price 1.41458
Always looking the GREAT, never left GOOD Point...
  • #458,672
  • Mar 21, 2018 9:49am Mar 21, 2018 9:49am
whats the $ news
Quoting Tsar
{quote} Today... All News Reported is Support for Bullish GBP News is Positive Reported USD News is Negative Reported It just Wait FOMC News later... We already know the Leakage of that's News Cable in H4 Chart will try Broke the Price 1.40885 as Resistance. After Broken, she has Clean Up previous Bearish Candle. And the Next go Daily Chart, Price 1.4100 as Key point (Calculation by 2 Body Crosses) and Above in Price 1.41458
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  • #458,673
  • Mar 21, 2018 9:52am Mar 21, 2018 9:52am
Attached Image (click to enlarge)
Click to Enlarge Name: 01 USDLFXDaily.png Size: 19 KB
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  • #458,674
  • Mar 21, 2018 9:56am Mar 21, 2018 9:56am
End of GBPCHF 13 blue daily candle rally today in my opinion
I have short from 1.3416

See pic
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf rally.jpg Size: 146 KB
  • #458,675
  • Mar 21, 2018 10:42am Mar 21, 2018 10:42am
Quoting Bones
{image}
See this last Bollinger Band line is not coming every day , its strong like moving average 300


Yea its can make a surprise but its will be big one , I see this setup many years and its have a good win rate .


Any want its only my opinion

* you can see my 3 shorts in the horizontals lines
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.jpg Size: 140 KB
  • #458,676
  • Mar 21, 2018 1:49pm Mar 21, 2018 1:49pm
today won't be a reversal I doubt target this week very much

Quoting Mr.N
{quote} See this last Bollinger Band line is not coming every day , its strong like moving average 300 Yea its can make a surprise but its will be big one , I see this setup many years and its have a good win rate . Any want its only my opinion * you can see my 3 shorts in the horizontals lines {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,677
  • Mar 21, 2018 1:54pm Mar 21, 2018 1:54pm
im saying that using same principle as usd
Attached Image (click to enlarge)
Click to Enlarge Name: 01USDLFXDaily.png Size: 15 KB
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  • #458,678
  • Mar 21, 2018 2:49pm Mar 21, 2018 2:49pm
A beautiful ride north eh.
All targets hit, 720 pips + change.



lol...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 24 KB
Come with me if you want to live....
  • #458,679
  • Mar 21, 2018 4:39pm Mar 21, 2018 4:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: 2050 -GBPUSD-1-hour.png Size: 41 KB

Quoting Bones
{image}
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  • #458,680
  • Mar 21, 2018 6:44pm Mar 21, 2018 6:44pm
At long last, some 24 days, the 4072 resistance was taken out. Now my upper level of interest is the 4232 resistance but there could be lots of wriggles as the snake makes its way.

Notice how the bulls have left 4 unbroken supports behind thus far. This alone tells us that taking shorts is a much more risky business than taking the much more profitable longs.

Indeed catching the impulse bars (those that move the average to a higher level) pay the best reward in the shortest possible time and a timely exit at their respective tops saves a lot of time spent wasted in the retrace. The tops would be indicated by hitting a resistance level. The more the distance to these resistance levels the better the profits. The resistance levels are where the bears previously found support.

Remember the name of the game is to keep making HH and HL averages so when we see evidence of this changing we would then consider the shorting options unless you like to take the odd scalp short. I prefer to take the dips and trade long in an uptrend and hedge where required.

For me 100 pips represents a 100% increase in my account so I can comfortably do this each week and pay myself at the end of the month.

This is why I have very tight stops and can often double the account in one day, as happened yesterday. However 20 pips a day is an easy do and is why you see a 20 pip box on my 1 hour chart ( I made it black filled below)

Taking the inference from the 1 hour chart and looking for the entry on the 1 min or 5 min, 20 pips is soon reached. Sure we can let the trade run if there is evidence of it doing so and make up for any losses we may have had or indeed quit trading for the week. Even on a relatively quiet day 20 pips is still highly probable whereas 100 pips is not so forth coming.
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