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Cable Update (GBPUSD)

  • #460,941
  • Jun 11, 2018 11:49am Jun 11, 2018 11:49am
Quoting navk
{quote} Closed my longs, started to sell.
closed my shorts too.

Will now look to long .
Intraday only.
  • #460,942
  • Jun 11, 2018 11:49am Jun 11, 2018 11:49am
Quoting destroyer69
{quote} o/b, o/s? Open buy open sell?
overbought/oversold.
Intraday only.
  • #460,943
  • Edited 7:32pm Jun 11, 2018 3:56pm | Edited 7:32pm
Quoting Ill-b-back
Yep, 1.33 makes sense. However, watchout for a daily close back above 3380 {image} {image} {image}
yes, have seen that. 1.3300 makes sense to me too.

My plan today to sell on top.
Or buy around 1.3300 !!!
Intraday only.
  • #460,944
  • Jun 11, 2018 7:52pm Jun 11, 2018 7:52pm
Quoting Ill-b-back
Yep, 1.33 makes sense. However, watchout for a daily close back above 3380 {image} {image} {image}
It tried, but failed at the last hour hurdle
Come with me if you want to live....
  • #460,945
  • Jun 11, 2018 10:16pm Jun 11, 2018 10:16pm
Given the power of the previous 2 monthly candles, I have doubts 1.33 is safe
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 22 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 27 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 24 KB
Click to Enlarge Name: GBPUSDH4.png Size: 29 KB
Come with me if you want to live....
  • #460,946
  • Jun 11, 2018 10:23pm Jun 11, 2018 10:23pm
Quoting Ill-b-back
Given the power of the previous 2 monthly candles, I have doubts 1.33 is safe {image} {image} {image} {image}
This is summer.

Monthly candle should be safe.
Intraday only.
  • #460,947
  • Jun 11, 2018 10:44pm Jun 11, 2018 10:44pm
Quoting navk
{quote} This is summer. Monthly candle should be safe.
But there is an awful lot going on.
It is no ordinary summer
Come with me if you want to live....
  • #460,948
  • Jun 11, 2018 11:01pm Jun 11, 2018 11:01pm
Quoting navk
{quote} This is summer. Monthly candle should be safe.
SAFE! Like the same bar two years ago ran almost 2000 pips.
  • #460,949
  • Jun 12, 2018 1:10am Jun 12, 2018 1:10am
Quoting masudsardar
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: ff.jpg Size: 85 KB
to err is human
  • #460,950
  • Jun 12, 2018 1:17am Jun 12, 2018 1:17am
Bearish close below 1.3390 driven by news, more news out today.
All charts/ideas based on UK time zone
  • #460,951
  • Jun 12, 2018 2:17am Jun 12, 2018 2:17am
Some longer frame fib's around 3370/80
All charts/ideas based on UK time zone
  • #460,952
  • Jun 12, 2018 2:59am Jun 12, 2018 2:59am
so was that move up ahead of news someone in the know or a trap to take it back down again
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 42 KB
  • #460,953
  • Jun 12, 2018 3:08am Jun 12, 2018 3:08am
Two scalps done at 30 each one was yesterdays counter trend move doubled up this morning
on pound dollar and euro usd was a good 40 pip move on the up from start of asia so done for the day

100 pips plus some small change this time no big deal in the scope of markets and players but hey the smaller trades are out there..
  • #460,954
  • Jun 12, 2018 3:14am Jun 12, 2018 3:14am
and heres the Dxy H1, decent volume
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 41 KB
  • #460,955
  • Jun 12, 2018 3:15am Jun 12, 2018 3:15am
Looks like the bulls ain't out of it yet, 1.3390 still the key level

Interesting move is it predicting some good news?

I think a lot of pro's were in at 1.3390 so it had to come back to let them out without loss or keep ramping it up
All charts/ideas based on UK time zone
  • #460,956
  • Jun 12, 2018 3:43am Jun 12, 2018 3:43am
These are the levels that I'm looking at, at the moment.

On the sidelines and waiting for PA to determine next move.
Attached Image (click to enlarge)
Click to Enlarge Name: Tx16n.png Size: 48 KB
  • #460,957
  • Jun 12, 2018 4:02am Jun 12, 2018 4:02am
Quoting Ill-b-back
Given the power of the previous 2 monthly candles, I have doubts 1.33 is safe {image} {image} {image} {image}
At this point in time, looks like a stop hunt to me.
See how this 4hr closes in 1min.
Come with me if you want to live....
  • #460,958
  • Jun 12, 2018 4:06am Jun 12, 2018 4:06am
Quoting Ill-b-back
{quote} At this point in time, looks like a stop hunt to me. See how this 4hr closes in 1min.
I agree with you.

I'm targeting just above 1.33 and then reassess.

We'll see..!
  • #460,959
  • Jun 12, 2018 5:03am Jun 12, 2018 5:03am
O/B sell trades :

3405,3415,3425,3435,3445,3455.

Just 1 trade triggered until now.
Intraday only.
  • #460,960
  • Jun 12, 2018 5:23am Jun 12, 2018 5:23am
Quoting navk
O/B sell trades : 3405,3415,3425,3435,3445,3455. Just 1 trade triggered until now.
Not very comfortable with this sell limits. Canceling them.

The one which got triggered has been closed with + 10.

will decide after US CPI.
Intraday only.
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