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Cable Update (GBPUSD)

  • #338,601
  • Apr 8, 2013 1:03pm Apr 8, 2013 1:03pm
Quoting -sonny-
today with lower lots , it's a little risk , I suspect that the "Manufacturing Production " tomorow will be good , but if it's not my stops are under the 100 ema in the 4h tf. TP at 1,5390
It makes sense, thanks Sonny and Baherhosni, unfortunately I won't be able to trade tomorrow, I scalped gbp/usd short today for quick +20 - 30 pips profit. Wish you all great trade tomorrow and happy pips
  • #338,602
  • Apr 8, 2013 2:26pm Apr 8, 2013 2:26pm
come on bulls get in here already this area is prime!
All posts are my personal opinion
  • #338,603
  • Apr 8, 2013 6:32pm Apr 8, 2013 6:32pm
Quoting Rtm
come on bulls get in here already this area is prime!
Thats what im saying! Opened a long about an hour ago and waiting to see some upside action!
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #338,604
  • Apr 8, 2013 9:15pm Apr 8, 2013 9:15pm
i'm a newbie in forex trading. i have a buy position at 1.5450 is there any possibility to back to that price again? thank you for the advice
  • #338,605
  • Apr 8, 2013 9:40pm Apr 8, 2013 9:40pm
Quoting dy_92
i'm a newbie in forex trading. i have a buy position at 1.5450 is there any possibility to back to that price again? thank you for the advice

well its protected by several things,

the 38 fib
the whole number at 1.54

and a few others, however, of course this is forex and anything is possible.

Holding would depend on he lot size relative to your account balance?
Money never sleeps...
  • #338,606
  • Apr 8, 2013 9:41pm Apr 8, 2013 9:41pm
Quoting dy_92
i'm a newbie in forex trading. i have a buy position at 1.5450 is there any possibility to back to that price again? thank you for the advice

this si a demo account right?
Money never sleeps...
  • #338,607
  • Apr 8, 2013 9:47pm Apr 8, 2013 9:47pm
Quoting inpatient
this si a demo account right?
real account... :s a global account 1.0 lot :s
  • #338,608
  • Apr 8, 2013 9:49pm Apr 8, 2013 9:49pm
Quoting inpatient
well its protected by several things, the 38 fib the whole number at 1.54 and a few others, however, of course this is forex and anything is possible. Holding would depend on he lot size relative to your account balance?
thx for the reply... i'm just holding this position 1.0 lot and my account equity right now is about $13.000
  • #338,609
  • Apr 8, 2013 10:17pm Apr 8, 2013 10:17pm
Quoting dy_92
thx for the reply... i'm just holding this position 1.0 lot and my account equity right now is about $13.000

I would place a stop just below 1.52
Money never sleeps...
  • #338,610
  • Apr 9, 2013 2:05am Apr 9, 2013 2:05am
It seems the stochastic is also joining in on the divergence now.

Attached Image (click to enlarge)
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  • #338,611
  • Apr 9, 2013 2:19am Apr 9, 2013 2:19am
sold it !!! 10 pips targt
Simplicity Is The Ultimate Sophistication ~LDV~
  • #338,612
  • Edited 3:33am Apr 9, 2013 2:23am | Edited 3:33am
Quoting alterchristo
sold it !!! 10 pips targt
it will be very good if cable could break London Close down..

Attached Image (click to enlarge)
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update closed +14 pps
Simplicity Is The Ultimate Sophistication ~LDV~
  • #338,613
  • Apr 9, 2013 4:02am Apr 9, 2013 4:02am
Looks quite bullish for today now, engulfment on the 4HR, divergence and we just closed above 1.53 on the 1HR and 4HR chart.
  • #338,614
  • Apr 9, 2013 4:11am Apr 9, 2013 4:11am
2nd test of that previous 4hr/daily swing hi x 2 zone (potential rbs) sees support hold and the upside move helped by reaction to better than expected Uk data at 0930 London....4hr pic is below. Offers to 5320, 5350, 5365 and stronger at 5400 is what I have to the upside.

How strong are the bulls now ?

G/L
Attached Image (click to enlarge)
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ex member
  • #338,615
  • Edited 5:03am Apr 9, 2013 4:33am | Edited 5:03am
Around 5344/63 to 5128 if possible next wave , watching actually what .It fell very near but not broke 5026 , so it should be a factor still .
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,616
  • Apr 9, 2013 4:38am Apr 9, 2013 4:38am
long on this move based on PA only
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  • #338,617
  • Apr 9, 2013 4:42am Apr 9, 2013 4:42am
its my view.I take a long

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  • #338,618
  • Apr 9, 2013 5:11am Apr 9, 2013 5:11am
I am also long based on the large bull candle above weekly support, which came after the positive economic release and also after the slow bearish momentum.
  • #338,619
  • Edited 5:31am Apr 9, 2013 5:12am | Edited 5:31am
Quoting khol_hands
its my view.I take a long {image}
Ok as medium term trader perhaps, for last leg up try more & more correction up or even a trend change , all possible but still to wait for more smaller waves up & down .yes some need not these smaller moves , crazy can take any direction any time without forecast or analysis or at random one can better say , almost impossible trade set up or if do may ultimately turn into risky.
surely some pips upside immediately there though & probable intermediate time .
anyway take care .
fontu

should not delay more taking next correction down , smaller waves as I mentioned before . limit for immediate up here is 5278 , breaks for more down 5250,38, in between reaction area 5294 but 84 is a must break level.
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,620
  • Apr 9, 2013 5:52am Apr 9, 2013 5:52am
Wedge forming on the lower time frames 1min and 5min., very soon this should break.
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