Cable Update (GBPUSD)

SDLEN!

ideas for targets?
i already targeted a sell stop.....
i let another one to go for a while

Nice drop....it's time to move SL.., happy trading to all !

why i didn't pick a short in gold?

i always do!
money is money!

Took off 1/3 of my position short from 6077 at +50

next 1/3rd will come off at 5980


last 1/3rd ill allow to ride

if we breake 6000 now...
strongly possible to breake daily bearish flag!

Alhamdulillah.. I am done with trading the news +34 pips

Closed with 80 pips profit. Great end of the week!!!

if there is a breakout on 1.6005 I'll Short for 70 pips TP.. Let see now

51.3 the print and another contraction toward that critical 50 level ! market reacts accordingly..this is what I see re 1hr current near-term now. Daily S1 is @/around 5969

G/L

I am stuck in GBP and my acount is below 400 $.
i buy gbp in 6127 on two week before. still stuck in it.
Please help me what to do??

2 TP hit - 6047 & 6016 at now standby for buy stop and sell stop. sell stop 5997 tp 5981 . buy stop 6122 tp 6144. go to shopping now.

the 6000 is definately critical...we may flag here till LC for a potential break...

very good entry! told you!!!
i would really like to be able to pick positions near peaks n hold it!

i need price to breake 6000 with this h1 candle to let me hold my position.
let's see

Yeay... + 40 pip

Hey folks, its been ages ive posted in here, now here's my dilemma, from my charts and a fresh trend on the 4H shows a possible bounce reversal that hasn't occured up until now... now if the 4H closes above this trendline and holds, im expecting this to go up , dunno where yet but ill keep updated...
Reason why im particularly interested in this trendline is because of the 2 EMA's (purple EMA5 crossing above yellow EMA14)crossing which is a bullish signal but the longer term trend is a bear (shown by the Red SMA 144 being below SMA 169)...
if this trend holds well it'll be a good potential to long and expect a bounce up...

got a bonus as i exited my short trade as the drop was more than i expected. waiting to enter my new Long gave me an opportunity to Buy from a lower level

update
as i see the chart. divergence is still absent at the 1min and 5 min chart. exited long position at the top of 1min stochs. waiting for new Long entry as price goes lower still

update
LONG from 1.6002 and 1.5996

update
buying at the 2 levels above was only based on price divergence with oscillators on the 1min and 5min charts. but these are still way above todays daily support 1 level at 1.5969.
i would probably add at s1 if it gets there.

if this plays out like one of the textbook elliott wave 4. price may reach 1.6084 before coming down to search for divergence on the 15min chart . there is a possibilty that only then will price return to the upside. waves take long to develop. the actual price printout will prove this assumptions wrong. just something to think about.

if i am wrong, then price will keep going down


might exit @ 1.6028 for w4 getting to the previous w4 of smaller degree.

will likely take my chances on my Long now as divergence visible til 5min chart plus macd on 5min chart may need to complete to zero before another leg down on the 5min chart so a new divergence may print out on the 15min chart.

exited a bit early @ 1.6004 for a small profit. waiting for new entry near daily s1 @ 1.5969

update
sold @ 1.6026 TP 1.5990

Limit Buy order @ 1.5980 TP set @ 1.6040 before the daily pivot. am out now. 1022 GMT

update
just got home. had the opportunity to watch my target missed by just 1 pip. have adjusted TP to 1.5970 and ready for manual exit.

have removed Limit BUY order but thinking of actually entering a Long trade @ 1.5970 level right above the 1.5969 daily s1.

watching this trade turn minus a few pips. reason why i am still holding thise is because 4 hr stochastics is still pointing down plus what I see as current lack in divergence for price to turn bullish again.

News helped))) Thx.