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GBP/USD outlook

  • #881
  • May 8, 2013 1:16am May 8, 2013 1:16am
very promising

Possible right shoulder missing off image
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  • #882
  • May 8, 2013 1:26am May 8, 2013 1:26am


lol...
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  • #883
  • May 8, 2013 3:10am May 8, 2013 3:10am
whats up

i wish for u best trading day

c u later
when GOD brings you a challenge he also gives you the power to deal with it
  • #884
  • May 8, 2013 3:48am May 8, 2013 3:48am
Quoting eitan1010
whats up i wish for u best trading day c u later
Thanks Eitan, you too

Long Cable,

but short stop...
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  • #885
  • May 8, 2013 5:14am May 8, 2013 5:14am
Wasn't going to take this trade as I am in a few already, but it got the better of me.

I think we are going higher...
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  • #886
  • May 8, 2013 5:18am May 8, 2013 5:18am
C'mon baby,

wiggle it, just a little bit

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  • #887
  • May 8, 2013 5:38am May 8, 2013 5:38am
Looking at the green support TL's, it seems to me the Euro is forming a base to fly..
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  • #888
  • May 8, 2013 6:32am May 8, 2013 6:32am
Seems we are breaking thru here


But not yet here.....

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  • #889
  • May 8, 2013 7:00am May 8, 2013 7:00am
I'm in enough trades and going to bed

Closed out cable for about a 17 pip win

Closed out Euro for about a 17 pip loss

no harm done...
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  • #890
  • May 8, 2013 8:58am May 8, 2013 8:58am
Ok, I had to go long Euro

Big stop for big gain (I hope) to retest that broken yellow TL.

I like the last bullish monthly candle in April

now off to bed

Attached Image(s) (click to enlarge)
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  • #891
  • May 8, 2013 9:04am May 8, 2013 9:04am
I like this image too

night...
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  • #892
  • May 8, 2013 5:02pm May 8, 2013 5:02pm
TL gone, just waiting for this channel to break
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  • #893
  • May 8, 2013 5:12pm May 8, 2013 5:12pm
U/C looks very bearish to me.

I don't think that white wedge will hold
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  • #894
  • May 8, 2013 5:36pm May 8, 2013 5:36pm
Quoting Ill-b-back
{quote} But of course, watch the weekly bullish H&S and yellow TL retest {image}
That's what I'm thinking
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  • #895
  • May 8, 2013 5:38pm May 8, 2013 5:38pm
And monthly
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  • #896
  • May 8, 2013 5:59pm May 8, 2013 5:59pm
Quoting Ill-b-back
And monthly {image}
closed out that one, will wait for more consolidation to be sure
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  • #897
  • May 8, 2013 7:10pm May 8, 2013 7:10pm
Quoting Ill-b-back
Seems we are breaking thru here But not yet here..... {image} {image}
ok, now we have the 2nd break

will it hold?....

personally, I wouldn't sell until we enter the free fall zone below the 23 fib
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  • #898
  • May 8, 2013 8:17pm May 8, 2013 8:17pm
This is what I'm , and most of all for...
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  • #899
  • May 8, 2013 10:21pm May 8, 2013 10:21pm
I know the monthly looks like it wants to burst

but never write off an Aussie

and if ben says the wrong thing on Friday, one of my fravourite daily bullish patterns may emerge from a false break out and we could eventually break the upper white TL instead...
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  • #900
  • May 8, 2013 10:40pm May 8, 2013 10:40pm
Closed out the 3 A/NZ trades for about a 5 pip overall loss.

All combined trades over leveraged for my account size and both currencies could fall hard against USD.

Only trade I didn't have weekly confirmation on, so better to miss a screamer than suffer an unnecessary loss

Will maybe wait or next week to see how market reacts to this weeks news.
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