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Cable Update (GBPUSD)

  • #460,241
  • May 8, 2018 11:12am May 8, 2018 11:12am
4 hour 3590 area is 10 ema do we watch that and 3600 to the 20 ema 368 to 3720 would be next .. if only if remember play it as you see it
  • #460,242
  • May 8, 2018 11:13am May 8, 2018 11:13am
Quoting el_duende
$ weakness across the board as people worry about Trump
What's also odd is that there is JPY weakness across the board, too (usually the flight to safety).

Hmm...
  • #460,243
  • May 8, 2018 11:21am May 8, 2018 11:21am
Yesterday the bulls were buying at the pivot, the market fell below today so they bought more from the scared bears or they brought the market back up to off load yesterdays buying without loss. 1.3544 is key now Hope we get a happy ending to my little story
All charts/ideas based on UK time zone
  • #460,244
  • May 8, 2018 11:25am May 8, 2018 11:25am
It looks to me money starting to appear in Commodity Currencies betting on sanctions in Iran

CAD, AUD ,NZD

GBP with potential rate hike this week is the strongest currency atm (5 min measure) so will make gains.

Final word with Trump.
  • #460,245
  • May 8, 2018 11:28am May 8, 2018 11:28am
Quoting hippiedog
{quote} Hi mate I will take a good look at this. Thanks for sharing I'm all for mtf indicators. Is there anything more needed to know about it?
Look at my euraud long trade. Typical example.

15 min chart. I opened long at :

12/26/9 ( 15min MACD ) bullish cross. + 12/26/ 9 MACD ( 4 hr divergence )

21/55 ema cross.
Attached Image (click to enlarge)
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Intraday only.
  • #460,246
  • May 8, 2018 11:28am May 8, 2018 11:28am
Quoting el_duende
It looks to me money starting to appear in Commodity Currencies betting on sanctions in Iran CAD, AUD ,NZD GBP with potential rate hike this week is the strongest currency atm (5 min measure) so will make gains. Final word with Trump.
no rate hike this week for BOE too early for Carney .. with the turmoil still with Brexit and really is the uk economy that strong 0.25 percent would do what? appease the markets and who would benefit savers not a chance they are last in the que to be handed down too .. housing market not so sure about .. but i hear its quiet in some places a down trend like this one factors in many things .. but sure the vote will favour one soon.
  • #460,247
  • May 8, 2018 11:30am May 8, 2018 11:30am
Quoting hippiedog
{quote} Appreciate that mate. I will divulge it over the next few days. First look, looks good. Thanks again.
You will get a long entry in GU.

This move is just impact.

This will retrace down to give you an entry.
Intraday only.
  • #460,248
  • May 8, 2018 11:32am May 8, 2018 11:32am
I agree don't expect the hike.

However IMO there is value in buying GBP on the run up to Thursday. Purely speculating on the 20% chance of a hike is worthwhile.
  • #460,249
  • May 8, 2018 11:40am May 8, 2018 11:40am
Quoting tiborf71
I have a bullish gartley pattern.h1 I bought 1.35080 I know not all patterns are successful, this is part of a series.
I closed, 1.3550
  • #460,250
  • May 8, 2018 11:41am May 8, 2018 11:41am
Quoting tiborf71
{quote} I closed, 1.3550
Nice trade
  • #460,251
  • May 8, 2018 11:44am May 8, 2018 11:44am
Quoting tiborf71
{quote} I closed, 1.3550
restored balance, series.
  • #460,252
  • May 8, 2018 12:02pm May 8, 2018 12:02pm
Quoting el_duende
{quote} Nice trade
Thanks
I wish you good luck.
  • #460,253
  • Edited 12:49pm May 8, 2018 12:25pm | Edited 12:49pm
Quoting hippiedog
{quote} Trump speaks later today so with uncertainty ahead I would think that price will soon retrace to todays pivot GMT as this is GBP. {image} {image}
Profit taken
Now can all the buyers get in line please. There's a mountain ahead and we are going to the top.

Quoting hippiedog
Another consideration is that price has not hit pivot 2 weeks running, and we are now in week 3. With any uncertainty a pivot can be considered 1: a starting line, 2: a correction. What doesn't happen this week, I would be extremely confident of happening next week. We shall see. {image} {image}
Pivot please.
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FREEDOM IS SECURITY.
  • #460,254
  • Edited 1:29pm May 8, 2018 1:12pm | Edited 1:29pm
Gambling todays winnings. TP 1.36 stop 1.349
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Attached Image
FREEDOM IS SECURITY.
  • #460,255
  • May 8, 2018 1:35pm May 8, 2018 1:35pm
Quoting hippiedog
Gambling todays winnings. TP 1.36 stop 1.349 {image} {image} {image} {image}
Your set up is not a gamble.

I would prefer the price to close above 1.3556 by NY close.

You might get more than 100 pips.
Intraday only.
  • #460,256
  • May 8, 2018 1:46pm May 8, 2018 1:46pm
Quoting navk
{quote} Your set up is not a gamble. I would prefer the price to close above 1.3556 by NY close. You might get more than 100 pips.
Cheers bud, hope so. Really need a day of tomorrow.
Put in an exta one for no guts no glory
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FREEDOM IS SECURITY.
  • #460,257
  • Edited 3:47pm May 8, 2018 3:33pm | Edited 3:47pm
Tomorrow
Long position one of three

.
  • #460,258
  • May 8, 2018 4:21pm May 8, 2018 4:21pm
My entries today will be between 1.3530 - 1.3500.

Stop 1.3480
Intraday only.
  • #460,259
  • May 8, 2018 5:22pm May 8, 2018 5:22pm
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lollots of thoughts going on here
  • #460,260
  • May 8, 2018 5:54pm May 8, 2018 5:54pm
I can't be bullish
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