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Cable Update (GBPUSD)

  • #341,321
  • May 20, 2013 10:25pm May 20, 2013 10:25pm
Quoting fontu
As I said before low plays still in hand , best for scalping with risk-benefit calculation always in this weekly ranging price action probable . Direct play the low as seen weekend , not happened in eu , broken limits for down but still it is intact till 2878 +89 breaks with confirmation 2930 & last 35 for 3011, all those levels except the 1st will remain intact if plays lows now without extension further down below 2771/50 to 2663.that is 2663 not immune for the next up correction next time .if now breaks 2838 with confirmation with 2797 then all...
Ok , 1st day correction up try , broken initial inner range limit 2878+89 eu & today may try next confirmation in this try 2930/35 but may not that first , can down to initial range down to ,2771+50!!test scalping short taken before for 2826/19 first , watch level breaks channel 2872 approximately.

gu similarly ,broken 5218/26 & 63 well & good & to see confirmation next if 5322/31 today or lower range test , breaks again 5218 to 5182 towards 5167 today.

Gold got a good bounce , can be limited to continue down 1441/5/60.
Thank ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,322
  • May 21, 2013 12:38am May 21, 2013 12:38am
Morning Fellow traders

Yesterday i made 60 pips on the Gbp up. This morning i am in buy mode again feeling strong for a bull run this week.

I will try to post charts and entries from next week but first getting use to this forum thing.

Take care and happy pipping
  • #341,323
  • May 21, 2013 1:59am May 21, 2013 1:59am
Quoting chazzle
{quote} and possibly back down to test last years low at 15235 - I wouldn't expect a straightforward reversal without bears having something to say about it {image}
good chart but its not happen today. 5330 some consolidation in daily chart and 1H made bullish ma croos over at all with ma 100
  • #341,324
  • May 21, 2013 2:29am May 21, 2013 2:29am
I expect, Cable will try to break 1.532 today for touching 1.538 and going back to retest 1.532. But for short I will wait till this pair touches 1.549. I think shorting for about 100 pips there, while keeping long positions open, is OK.
Make it simple, but not simpler - Einstein
  • #341,325
  • May 21, 2013 2:32am May 21, 2013 2:32am
It is bouncing from Fibo 61,8 on H1 timeframe, if it breaks EMA 50 (red on my graph), I will be short, waiting for British CPI, if it breaks Fibo 61,8, I will be long, in case of better fundamentals.
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  • #341,326
  • May 21, 2013 3:13am May 21, 2013 3:13am
Quoting Bones
lol that's not going to happen {quote}
I would be more than happy to discuss about any part of this analysis .
  • #341,327
  • May 21, 2013 3:28am May 21, 2013 3:28am
Quoting khol_hands
{quote} good chart but its not happen today. 5330 some consolidation in daily chart and 1H made bullish ma croos over at all with ma 100
it already did happen, twice
  • #341,328
  • May 21, 2013 3:41am May 21, 2013 3:41am
cable back in the crapper - with 205 as intraday s/r and 175 a speedbump on the way to 110 as I see it
  • #341,329
  • May 21, 2013 3:53am May 21, 2013 3:53am
Quoting chazzle
cable back in the crapper - with 205 as intraday s/r and 175 a speedbump on the way to 110 as I see it
scalping with that in mind
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  • #341,330
  • May 21, 2013 3:56am May 21, 2013 3:56am
Quoting chazzle
{quote} scalping with that in mind {image}
both ways...
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  • #341,331
  • May 21, 2013 4:00am May 21, 2013 4:00am
just wondered chazzle is that real account or demo ?
personally im running at £24 per pip short and if daily low goes I will add
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,332
  • May 21, 2013 4:06am May 21, 2013 4:06am
I think that today will affect even the 1.5240 or tomorrow after Fed
  • #341,333
  • May 21, 2013 4:08am May 21, 2013 4:08am
Quoting Bones
just wondered chazzle is that real account or demo ? personally im running at £24 per pip short and if daily low goes I will add
real acc. Tony, I like to scale in with these moves feeling comfortable up to roughly 1 contract size - £6/pip - drinks on you I guess
  • #341,334
  • May 21, 2013 4:10am May 21, 2013 4:10am
its gonna go lol
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,335
  • May 21, 2013 4:14am May 21, 2013 4:14am
early days ,watching closely haha ,I think as much as 1000 pips on table if monthly low goes ..
I like scaling in very good way to trade


Quoting chazzle
{quote} real acc. Tony, I like to scale in with these moves feeling comfortable up to roughly 1 contract size - £6/pip - drinks on you I guess
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,336
  • May 21, 2013 4:26am May 21, 2013 4:26am
My follow up on the H&S pattern:

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Here is my impression of what just happened after the news:

Attached Image


I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,337
  • May 21, 2013 4:29am May 21, 2013 4:29am
Quoting chazzle
{quote} might need all the drugs you can get your hands on then mate let me know when, and I will help you consume them
if we break the low on monthly..im taking drugs for pain relief
  • #341,338
  • May 21, 2013 4:33am May 21, 2013 4:33am
Quoting nAVIN2007
{quote} if we break the low on monthly..im taking drugs for pain relief
Sir, may I recommend the Novacane? It's an excellent vintage

Inserted Video
  • #341,339
  • May 21, 2013 4:47am May 21, 2013 4:47am
lol ,daily low to go ,daily low to go

Quoting nAVIN2007
{quote} if we break the low on monthly..im taking drugs for pain relief
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,340
  • May 21, 2013 4:49am May 21, 2013 4:49am
gbp/usd intraday analysis buy@ 1.5170, sl@ 1.5100, tp@ 1.5320, estimated time 55 hours.

a trailing stop is suggested to use.





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