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Cable Update (GBPUSD)

  • #359,621
  • Jan 21, 2014 8:22am Jan 21, 2014 8:22am
Quoting GlobalMacro
Still bullish....just a spike down. Looking to buy: BUY LIMIT : 1.6349 S / L : 1.6287 T / P : OPEN
Excellent PA development, bulls on the front burner.

- DTL broken

- Flag broken

Trailing Profit Protection up to 1.6410 and letting the long position run:


LONG @ 1.6349

S / L : TRAILING TO 1.6410

T / P : OPEN

Cable now 1.6479 Today's High: 1.6486

P&L : +130 pips



GBP/USD - H8
Attached Image
Hear the music before the song is over ...
  • #359,622
  • Jan 21, 2014 8:23am Jan 21, 2014 8:23am
Quoting TauTrader
I have added short. See you all at the bottom regards
Can you explain why are you're shorting, thanks.
Politics is the womb in which war develops.
  • #359,623
  • Jan 21, 2014 8:25am Jan 21, 2014 8:25am
Quoting xetrader
{quote} whats the sl for 3 shorts 1st @ 1.6422x 2nd 1.6420x 3rd 1.6480x .... i am stuck badly very bad luck now what i do? tell me sl for all/...
don't worry it will reverse to 40 before NY closes. now 1.6400 looks difficult but miracles happen at cut off time
  • #359,624
  • Jan 21, 2014 8:26am Jan 21, 2014 8:26am
Quoting giveachance
{quote} don't worry it will reverse to 40 before NY closes. now 1.6400 looks difficult but miracles happen at cut off time

do yo mean 1.6440?
  • #359,625
  • Jan 21, 2014 8:26am Jan 21, 2014 8:26am
Quoting FiatFap
{quote} Can you explain why are you're shorting, thanks.
No - i cannot.

Indicator based..

I really do not want to explain to anyone.

Regards
  • #359,626
  • Jan 21, 2014 8:27am Jan 21, 2014 8:27am
Quoting giveachance
{quote} don't worry it will reverse to 40 before NY closes. now 1.6400 looks difficult but miracles happen at cut off time
I can "HIGH FIVE" you right now, sir
  • #359,627
  • Jan 21, 2014 8:27am Jan 21, 2014 8:27am
I have added on more long... I hate TF M15
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdxm15.png Size: 61 KB
Anything is math!
  • #359,628
  • Jan 21, 2014 8:28am Jan 21, 2014 8:28am
1. 4hr and daily descending trend line now broken above by price
2. Last week's post Uk retail sales high now broken above by price (red arrow on chart)
3. 50% of the 6603-6308 fall now broken above by price

Are these not all bullish signs for this pairing ? PA: 1hr now trending up, 4hr looking more bullish is below.

?

Best Wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 75 KB
it's all gone a bit........
  • #359,629
  • Jan 21, 2014 8:30am Jan 21, 2014 8:30am
Quoting FiatFap
{quote} Can you explain why are you're shorting, thanks.
some might say he is shorting resistance.. but don't tell anyone, shhhh..

take a look at the daily/weekly close the 10. of january , but don't tell anyone..

some might wait until it's confirmed, but don't te....

gl
Patience is a virtue...
  • #359,630
  • Jan 21, 2014 8:33am Jan 21, 2014 8:33am
anyone know what just made it shoot up?....
  • #359,631
  • Jan 21, 2014 8:34am Jan 21, 2014 8:34am
Quoting Kajos2250
GU H4 GMT+3 Nice bullish engulfin, broken major resistance ~6464/ MPP ~6451, breakout from flag. Some retest on lower TF and add other long... {image} My channeling view on H1 TF. {image} Good luck!
Good Prediction & Trade, Kajos

I'm interest with your K-MACD indicator b'cause have EMA/SMMA Line's
Would you like to Share, please...
Always looking the GREAT, never left GOOD Point...
  • #359,632
  • Jan 21, 2014 8:35am Jan 21, 2014 8:35am
Quoting shon9178
anyone know what just made it shoot up?....
IMF raised it's growth forecast for Uk to +2.4% Gdp this year 2014.

Best Wishes.
it's all gone a bit........
  • #359,633
  • Jan 21, 2014 8:38am Jan 21, 2014 8:38am
Quoting hadox
{quote} some might say he is shorting resistance.. but don't tell anyone, shhhh.. take a look at the daily/weekly close the 10. of january , but don't tell anyone.. some might wait until it's confirmed, but don't te.... gl
I can see the pinbar trap followed by bearish engulfing, but the very next candle is quite telling - it painted deep back into the initial trap zone; why would it do that? Did buyers get punished? What did price do after? Where is price now?

GBPUSD - Daily
Attached Image
Politics is the womb in which war develops.
  • #359,634
  • Jan 21, 2014 8:39am Jan 21, 2014 8:39am
Quoting TauTrader
{quote} No - i cannot. Indicator based.. I really do not want to explain to anyone. Regards
To what levelish are you keeping your short trades?
  • #359,635
  • Jan 21, 2014 8:40am Jan 21, 2014 8:40am
Quoting Tsar
{quote} Good Prediction & Trade, Kajos I'm interest with your K-MACD indicator b'cause have EMA/SMMA Line's Would you like to Share, please...
Of course, just give it to nobody LOL
Attached File(s)
File Type: ex4 K - MACD.ex4   3 KB | 215 downloads
Anything is math!
  • #359,636
  • Jan 21, 2014 8:41am Jan 21, 2014 8:41am
GU 5 min

Attached Image (click to enlarge)
Click to Enlarge Name: GU 5m.png Size: 17 KB


Still Bullish!
  • #359,637
  • Jan 21, 2014 8:42am Jan 21, 2014 8:42am
Also, there's another nice trap area on 4hr from last week, but price is now sitting above this previous trap zone, so which side won that battle?

GBPUSD - 4hr
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 26 KB
Politics is the womb in which war develops.
  • #359,638
  • Jan 21, 2014 8:43am Jan 21, 2014 8:43am
Quoting FiatFap
{quote} I can see the pinbar trap followed by bearish engulfing, but the very next candle is quite telling - it painted deep back into the initial trap zone; why would it do that? Did buyers get punished? What did price do after? Where is price now? GBPUSD - Daily {image}

what's your friday closing price the 10th of january?
Patience is a virtue...
  • #359,639
  • Jan 21, 2014 8:43am Jan 21, 2014 8:43am
Quoting pawpaw1000
{quote} EDIT... Looks like we going up? 80% of breakouts fail...

80% of breakouts THAT CLOSE clearly beyond previous resistance fail ? doubt it...
  • #359,640
  • Jan 21, 2014 8:46am Jan 21, 2014 8:46am
Quoting petetong
1. 4hr and daily descending trend line now broken above by price 2. Last week's post Uk retail sales high now broken above by price (red arrow on chart) 3. 50% of the 6603-6308 fall now broken above by price Are these not all bullish signs for this pairing ? PA: 1hr now trending up, 4hr looking more bullish is below. ? Best Wishes. {image}

nice, clean and easy
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