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Cable Update (GBPUSD)

  • #460,501
  • Edited 12:12pm May 14, 2018 7:02am | Edited 12:12pm
Thereafter, the drop would be contained ABOVE 1.3550. / 40.
Intraday only.
  • #460,502
  • May 14, 2018 9:42am May 14, 2018 9:42am
Quoting navk
Thereafter, the drop would be contained ABOVE 1.3650. / 40.
Is your target still valid?
  • #460,503
  • May 14, 2018 10:07am May 14, 2018 10:07am
Quoting Trade-G
{quote} Is your target still valid?
1.3540 is acting like pivot.

If it falls below, then it is not valid. It is like stop loss for Tuesday or entry point.

And it is only my view for my trades. Others view can be different.
Intraday only.
  • #460,504
  • May 14, 2018 6:45pm May 14, 2018 6:45pm
By seeing the NY close price, the PA could be between 1.3600 to 1.3500 today.
Intraday only.
  • #460,505
  • May 14, 2018 9:16pm May 14, 2018 9:16pm
I must admit, my own signal is far from clear but from what I see, bulls have a reason to get it (at least for now).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 27 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 26 KB
Come with me if you want to live....
  • #460,506
  • May 14, 2018 9:53pm May 14, 2018 9:53pm
Quoting Expo33
Have been working on a new intraday technique. Thought I'd share a small GU setup here. Using median lines (regular forks and Schiff version) with a 24EMA on a 15 minute chart to try and model price. In this case it gives me a long signal @ 1.3566. Risking 15 pips for 30. My brain hurts when I look at this: {image} My brain feels better when I look at this: (only thing on chart is the 24EMA and a Schiff median line set) {image}

Hi E, any logic why are you using period 24?

I think period 4 for Hourly, 16 for Four Hourly, 96 for Daily is better fit for streamlining the moving average set
  • #460,507
  • May 14, 2018 10:03pm May 14, 2018 10:03pm
Quoting SweetRevenge
{quote} Hi E, any logic why are you using period 24? I think period 4 for Hourly, 16 for Four Hourly, 96 for Daily is better fit for streamlining the moving average set
I would say the logic is more based in the median lines than it is in the actual EMA period. I just started visually testing one pair at a time using the 24EMA on the 15 minute time frame only.
Pride always comes before destruction.... -Proverbs 16:18
  • #460,508
  • May 14, 2018 10:21pm May 14, 2018 10:21pm
Quoting Expo33
{quote} I would say the logic is more based in the median lines than it is in the actual EMA period. I just started visually testing one pair at a time using the 24EMA on the 15 minute time frame only.
Okay, thanks
  • #460,509
  • May 15, 2018 12:55am May 15, 2018 12:55am
Quoting Expo33
{quote} Stopped out. Looks like Asian session had sushi and egg rolls for lunch and decided to have a little US dollar for dessert. On to the next potentially successful trade. Cheerio (British accent included)
the state has been ranging since last week.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 15_05_2018 , 12_54_31.png Size: 32 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 15_05_2018 , 12_56_59.png Size: 40 KB
  • #460,510
  • May 15, 2018 12:57am May 15, 2018 12:57am
GBPUSD can give to us good resistance on the bottom of it range. With confirmation we can open long. target for long will be new maximum of this range.
Attached Image (click to enlarge)
Click to Enlarge Name: 15.05.jpg Size: 161 KB
  • #460,511
  • May 15, 2018 1:06am May 15, 2018 1:06am
Oh well back to 1.3544

UK news out 9:30
All charts/ideas based on UK time zone
  • #460,512
  • May 15, 2018 1:49am May 15, 2018 1:49am
Quoting navk
{quote} 1.3540 is acting like pivot. If it falls below, then it is not valid. It is like stop loss for Tuesday or entry point. And it is only my view for my trades. Others view can be different.
1.3540 acts like pivot as I said previously. If broken, then 1.3500.
Intraday only.
  • #460,513
  • May 15, 2018 2:10am May 15, 2018 2:10am
Quoting navk
{quote} 1.3540 acts like pivot as I said previously. If broken, then 1.3500.
Its the weekly pivot
  • #460,514
  • May 15, 2018 2:13am May 15, 2018 2:13am
Have sold GA now. Will buy GU later in NY
Intraday only.
  • #460,515
  • May 15, 2018 2:27am May 15, 2018 2:27am
Quoting navk
Have sold GA now. Will buy GU later in NY
closed. Will wait for UK news event for direction.
Intraday only.
  • #460,516
  • May 15, 2018 4:38am May 15, 2018 4:38am
I believe this week will have significant volatility. I suggest to sell the cable @ 1.3557 with tp 1.3507 sl: 1.3590
  • #460,517
  • May 15, 2018 4:39am May 15, 2018 4:39am
Oh my, this is a ranging market between 3600 and 4800

Now back to wp area.... finding this pair difficult to trade right now

Missing nala's chart to see if there is any prospective signal :3
  • #460,518
  • May 15, 2018 4:40am May 15, 2018 4:40am
Quoting TheWealth
I believe this week will have significant volatility. I suggest to sell the cable @ 1.3557 with tp 1.3507 sl: 1.3590
Mmmm based on..?
  • #460,519
  • May 15, 2018 5:24am May 15, 2018 5:24am
Quoting tunamelt
{quote} Mmmm based on..?
If you trade Bolinger Bands (BB), it coincides with mid BB and low BB on H4. Note, however, that BB on H4 is consolidating at the moment
  • #460,520
  • May 15, 2018 7:30am May 15, 2018 7:30am
Quoting Bydyke
{quote} If you trade Bolinger Bands (BB), it coincides with mid BB and low BB on H4. Note, however, that BB on H4 is consolidating at the moment
Oh, BB not my setup.

Thanks guys for sharing your views ^^
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