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Cable Update - Continued 105 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

Why So Serious ?
Quoting FXMindset
At My Chart & In My Eyes Not Yet
not euphoria follower
Quoting iqyu5an
Why So Serious ?
Ah ~ 沉闷
Wish You Have a Wonderful Idul Fitri yo
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If there was easy money lying around,no one would be forcing it into your
ah ....


Quoting FXMindset
Ah ~ 沉闷
Wish You Have a Wonderful Idul Fitri yo
not euphoria follower
Gbp/Usd Buy at 1.5615/20 then 1.5690/95 then 1.5640/45, sell at 1.5855/60 then 1.5885/90 then 1.5930/35

Gbp/Usd This pair is on daily downtrend, retracement at 1.5775/80, break is to 1.5845/50, above would change trend direction toward the above sell signals, while on the downside to target the above buy signals
Quoting wormboy
This downmove came as a no surprise at all. There was never going to be a 600-800 pips jump back up without any confirmation, the HTF last week printed a black marubozu, which indicates sellers are in full control & that continuation is always a likelihood. Our job, was to pick the best possible trade level to short from.
Nearest support now lies at 5640. And like you said, apart from scalping, buying is very risky & only a weekly reversal pattern will make me change my bearish view.
Good luck to you.
As suggested last week, the larger trend is still bearish due to the weekly candle. Nothing has changed & unless scalping, I'd stay away from trying to build counter long positions.

Good luck.
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Attached Image
Thank You
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The finest tool in the world still needs a MAN who KNOWS how to use it.
Wormboy is correct. If you see a quick move up, it will most likely be stop hunting, and will get hammered at some point.
jpy holiday. Stocks are under pressure in early Asian markets so far.

Risk is off for now.
taking a little quick profit here on the aud/usd risk aversion strategy.
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Not really too much in cable today. Eur/gbp seems to be providing some support. Will try intraday trade of buying a dip during London and look to close at 12GMT and try short from there. Expecting a small range for rest of the day with 1.5740-60 area providing resistence and 1.57 acting as a pivot. S/l will be small and not too keen on chasing market lower form here.
GU Daily - Still look If this pattern Valid or not
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If there was easy money lying around,no one would be forcing it into your
anon occupies wall street - watch out - can hit hard today
seen few hours ago at m15 tf
SL at bep already.....
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not euphoria follower
out at 50 pips
reason : even looks bullish..the candle's already located out of the given period to hit long target ( magenta box ) and now in blue box. it's quite possible to hit the target within next given area ( blue box ) but with weaker momentum ( she could retrace a bit .. spike..sideways etc in this blue period ). Once we hit the long target, sometimes "something happened"

well that's the reason i'm out. 50 pip is enough. the given period control me to hold certain position

All is about relativity...

Cheers
Quoting iqyu5an
seen few hours ago at m15 tf
SL at bep already.....
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not euphoria follower
seen new high and was trying to see whether she breach the 85 - fibo or not. if yes, i adjust fibo from prev low to our new high. seen like below...

position ? still have to see around 40-50-60 level within given period first ( magenta ). yes we have new given period to control our emotion / position etc ......

rgds

***
now ... (temporary) m15 already tell us the reaction around 60 fibo...
if price close above 5730 ++, we will have little bit confirmation in h4*for bull ( for rejection- prev weekly low )
* : h4 will be different between one to another , depends on enemy / broker time.

Quoting iqyu5an
out at 50 pips
reason : even looks bullish..the candle's already located out of the given period to hit long target ( magenta box ) and now in blue box. it's quite possible to hit the target within next given area ( blue box ) but with weaker momentum ( she could retrace a bit .. spike..sideways etc in this blue period ). Once we hit the long target, sometimes "something happened"

well that's the reason i'm out. 50 pip is enough. the given period control me to hold certain position

All is about relativity...

Cheers
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not euphoria follower
hi there
could someone give me some advice please. i am currently 566 points down on cable at 3/1 pound per point £2000 and i am thinking on buying £1 per point now?? should i hang on? when will it come bvack up to 6300
If you really need to zero down your DD. In my 2cents opinion, 1.5560 would be good trail to buy up.

It seems not happen today as of Monday, but tomorrow in London section, we would see it.

Good luck mate
1) all depends on your MM
2 ) when ? no body knows exactly

rgds,iqyu

Quoting wiz001
hi there
could someone give me some advice please. i am currently 566 points down on cable at 3/1 pound per point £2000 and i am thinking on buying £1 per point now?? should i hang on? when will it come bvack up to 6300
not euphoria follower
Quoting wiz001
hi there
could someone give me some advice please. i am currently 566 points down on cable at 3/1 pound per point £2000 and i am thinking on buying £1 per point now?? should i hang on? when will it come bvack up to 6300

dont add more to an already bad situation..just let it play out..it may bounce from here looking at the weekly..im in exactly the same situation but im not going to add more to this very bad situation..

data coming out later in this week can do a lot i think..lol

stay calm..this is a good support

edit:- it will take a long time..first action is monthly closing above 1.57
4H
Quoting iqyu5an
seen new high and was trying to see whether she breach the 85 - fibo or not. if yes, i adjust fibo from prev low to our new high. seen like below...

position ? still have to see around 40-50-60 level within given period first ( magenta ). yes we have new given period to control our emotion / position etc ......

rgds

***
now ... (temporary) m15 already tell us the reaction around 60 fibo...
if price close above 5730 ++, we will have little bit confirmation in h4*for bull ( for rejection- prev weekly low )
* : h4 will be different between...
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 15 KB
not euphoria follower
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