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Cable Update (GBPUSD)

  • #460,181
  • May 8, 2018 1:33am May 8, 2018 1:33am
Quoting Neil0163
Still holding long positions from last week after re-entering
the weekly chart is not ready for buy I see!
i have to buy at good place for short time maybe 1H or 4H In my idea
A little beginner trader since 2006
  • #460,182
  • May 8, 2018 1:35am May 8, 2018 1:35am
Quoting funzodundee
I WOULD STAY SHORT GBP/USD UNTIL THE STOP-losses BELOW 1.3455 ARE CLEARED. SELL GBPUSD AT 1.3578. TARGET 1.3455
sold from 1.3578 it would be nice
A little beginner trader since 2006
  • #460,183
  • May 8, 2018 1:40am May 8, 2018 1:40am
Seems to find support at previous day high
  • #460,184
  • May 8, 2018 1:41am May 8, 2018 1:41am
Quoting Trade-G
Seems to find support at previous day high
Which is also the last upswing on the M1 at 50%
  • #460,185
  • May 8, 2018 1:54am May 8, 2018 1:54am
Quoting Nala66
{quote} Actually I would love to hear about your criteria required for a trade to exist and I am sure others would be also.
I use Support and resistance for entries I as well consider market reaction towards levels. I consider how the market Retrace too for entries. I use trend lines for exits Sometimes I set Targets in terms of pips, other times I exit at SR levels. Above all I only trade The top 3 time frames i.e Daily, Weekly, Monthly only
In trading,you got 3 options, Be bullish,bearish, or stay out
  • #460,186
  • May 8, 2018 1:55am May 8, 2018 1:55am
I have 1.3572 as s/r atm, volume pos for now
All charts/ideas based on UK time zone
  • #460,187
  • May 8, 2018 2:07am May 8, 2018 2:07am
Quoting sponge
I have 1.3572 as s/r atm, volume pos for now
What do you mean, care to explain?
  • #460,188
  • May 8, 2018 2:10am May 8, 2018 2:10am
As of today, the market seems not yet ready for bulls. If you are selling, do not be long term yet, have small targets. The market is stuck between weekly and Monthly SR
In trading,you got 3 options, Be bullish,bearish, or stay out
  • #460,189
  • May 8, 2018 2:16am May 8, 2018 2:16am
Hello Friends, I am new to forex market and learning everyday. First of all, thank you all for your reviews and analysis who taught me many things. I have done some R&D regarding fundamental analysis and SELL GBPUSD pair on 27/03/2018 (i.e 2 mnths before) at 1.4153 and still after 2 months my trade is going on. Have lot size of 0.02 and looking for more downfall. I would like all of your's guidance and hope I will improve myself everyday.
Thanks to all of you.
  • #460,190
  • May 8, 2018 2:38am May 8, 2018 2:38am
Quoting Trade-G
{quote} What do you mean, care to explain?
1.3572 is where I calculate support and resistance to be, at the moment it has turned into resistance. I measure tick volume on all time frames it was positive at that time but has gone negitive now.
All charts/ideas based on UK time zone
  • #460,191
  • Edited 3:05am May 8, 2018 2:48am | Edited 3:05am
Quoting hippiedog
{quote} It's slow good. https://youtu.be/WhLt62pPj4M {image} {image} {image} {image}
Another day in paradise. Could be S2 today, banks are just landscaping the vault with a bulldozer currently.

Quoting baldmonk
{quote} Could be too soon to tell. Was UK banking holiday. Liquidity is sparse. Will be clear in a couple of hours
Hey man.

Agree just a lot of back and forth right now.
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FREEDOM IS SECURITY.
  • #460,192
  • May 8, 2018 2:54am May 8, 2018 2:54am
Dollar index
chart pattern with supply and demand can’t see too much more downward movement paitience is key
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  • #460,193
  • May 8, 2018 2:54am May 8, 2018 2:54am
For what it's worth my next support line is at 1.3528 positive volume is at 1.3544 which was yesterdays pivot I think.

Early days with this system it's not the usual so take it with a pinch of salt
All charts/ideas based on UK time zone
  • #460,194
  • May 8, 2018 3:12am May 8, 2018 3:12am
Looks like a positive div on the M5
  • #460,195
  • May 8, 2018 3:35am May 8, 2018 3:35am
H4 does not look good for bulls
  • #460,196
  • May 8, 2018 3:37am May 8, 2018 3:37am
Looking at 1.3395
  • #460,197
  • May 8, 2018 4:08am May 8, 2018 4:08am
I've been avoiding cable lately i'm just not on the ball with it atm

Ive entered a speculative long at 1.3498 looking for 1.3548. Looking for a pullback to the previous S/R level. 5 to 1 R/R.
  • #460,198
  • May 8, 2018 4:14am May 8, 2018 4:14am
Quoting el_duende
I've been avoiding cable lately i'm just not on the ball with it atm Ive entered a speculative long at 1.3498 looking for 1.3548. Looking for a pullback to the previous S/R level. 5 to 1 R/R.
This Cable is not easy to trade
  • #460,199
  • May 8, 2018 4:16am May 8, 2018 4:16am
Hope it breaks this downtrend line for a upswing
  • #460,200
  • May 8, 2018 4:20am May 8, 2018 4:20am
Quoting Trade-G
Hope it breaks this downtrend line for a upswing
you should not have to fight the trend!
Anything is math!
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