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Cable Update (GBPUSD)

  • #357,661
  • Jan 8, 2014 3:32am Jan 8, 2014 3:32am
Bands squeezing, breakout is impending....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD BB.JPG Size: 96 KB

more likely to the upside considering the successive higher lows on the daily TF
  • #357,662
  • Edited 3:52am Jan 8, 2014 3:32am | Edited 3:52am
Quoting PoundTrader
{quote} what goes up must come down


Yes, think he gets out on down waves...

Watching PA, looking to perhaps sell...

EDIT: Waiting for news I guess? Disappointing PA so far :-D
@pawpaw1000 on Twitter
  • #357,663
  • Jan 8, 2014 4:05am Jan 8, 2014 4:05am
Interesting that there has been a 10% increase over the last week of forex factory traders being net long.
  • #357,664
  • Jan 8, 2014 4:45am Jan 8, 2014 4:45am
GU H4 GMT+3

My plan has not changed much, the daily bullish pinbar with 50% retrace entry is under process. Trend is still bullish. Later if price could close above ~6464 add on more long.
Ivalidation if candle could close under ~6380.

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 54 KB
Anything is math!
  • #357,665
  • Jan 8, 2014 5:06am Jan 8, 2014 5:06am
Quoting Kajos2250
GU H4 GMT+3 My plan has not changed much, the daily bullish pinbar with 50% retrace entry is under process. Trend is still bullish. Later if price could close above ~6464 add on more long. Ivalidation if candle could close under ~6380. Good luck! {image}


Agreed, looking for possible long around 6404
@pawpaw1000 on Twitter
  • #357,666
  • Jan 8, 2014 5:13am Jan 8, 2014 5:13am
morning i had a short sell order 1.64340 price just did not get there, short again the same as yesterday 1.6420 target below yesterdays low and below that sl 1.6484 which is the 50% fib of the 1.6600 move, big sl but overall target 1.6250 thats me any thoughts welcome
  • #357,667
  • Jan 8, 2014 5:20am Jan 8, 2014 5:20am
My Hope at this time is the 4 hour will give a doji then red candle the 34,55 ema has crossed on 4hr, the 200 sma is sitting somewhere about 1.6367 ish, price broke into the 200 on the 6th jan if we get down below i think this is good shorting
  • #357,668
  • Jan 8, 2014 5:23am Jan 8, 2014 5:23am
Quoting elbert3
My Hope at this time is the 4 hour will give a doji then red candle the 34,55 ema has crossed on 4hr, the 200 sma is sitting somewhere about 1.6367 ish, price broke into the 200 on the 6th jan if we get down below i think this is good shorting
It can be a good trade! But never take a trade before validation of your signal!!!
Anything is math!
  • #357,669
  • Jan 8, 2014 6:01am Jan 8, 2014 6:01am
Quoting Kajos2250
{quote} If i traded this signal i would do it like this way: {image} This signal just made me stronger to hold my longs! Sorry for my poor english
It is still live opportunity, probably the time of the right shoulder building is a little bit longer than expected.
Anything is math!
  • #357,670
  • Jan 8, 2014 6:19am Jan 8, 2014 6:19am
short with sl 6431
@pawpaw1000 on Twitter
  • #357,671
  • Jan 8, 2014 6:23am Jan 8, 2014 6:23am
Quoting pawpaw1000
short with sl 6431


SL 28
@pawpaw1000 on Twitter
  • #357,672
  • Jan 8, 2014 6:23am Jan 8, 2014 6:23am
Quoting usernamehere
{quote} i have to agree, I think the stops above 1.6440 are a good target, and could see an attempt at 1.6475 {image} {image}

1.6440 holds for the moment on Asian profit taking, a break will see buyers stepping in..
  • #357,673
  • Jan 8, 2014 6:29am Jan 8, 2014 6:29am
Quoting pawpaw1000
{quote} SL 28

Out -1
@pawpaw1000 on Twitter
  • #357,674
  • Jan 8, 2014 6:33am Jan 8, 2014 6:33am
Quoting pawpaw1000
{quote} SL 28
You feel this scalping technique very well! And your broker loves you cause you move lot of lots on a day by my opinion! Keep your good work!
Anything is math!
  • #357,675
  • Jan 8, 2014 6:36am Jan 8, 2014 6:36am
Quoting Kajos2250
{quote} You feel this scalping technique very well! And your broker loves you cause you move lot of lots on a day by my opinion! Keep your good work!


More volume better spreads? lol

I can make 15 Losers and 1 winner and I have favourable traders equation...
@pawpaw1000 on Twitter
  • #357,676
  • Jan 8, 2014 6:36am Jan 8, 2014 6:36am
Quoting pawpaw1000
{quote} Out -1
What does your RR of strategy show? Is it at least 2-3?
Anything is math!
  • #357,677
  • Jan 8, 2014 6:38am Jan 8, 2014 6:38am
Quoting pawpaw1000
{quote} More volume better spreads? lol I can make 15 Losers and 1 winner and I have favourable traders equation...
I see, more over 3... Nice!
Anything is math!
  • #357,678
  • Jan 8, 2014 6:50am Jan 8, 2014 6:50am
Quoting pawpaw1000
{quote} More volume better spreads? lol I can make 15 Losers and 1 winner and I have favourable traders equation...
hi i was just thinking if you log all your trades,and note how many times you lose a trade, may be the average could be 5 or 6 pips instead of you 4 pips ,?? if you look back on the 15m to about 10pm last night i would of sl one pip over that high just in case that high was the best high price could make,,,,,, does that make any sense . sent with respect
  • #357,679
  • Jan 8, 2014 6:50am Jan 8, 2014 6:50am
close below 1.6431 then I will short order @1.642 with target 1.639
  • #357,680
  • Jan 8, 2014 6:55am Jan 8, 2014 6:55am
I hope i recognized weel the pound is riseing!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 53 KB
Anything is math!
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