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Cable Update (GBPUSD)

  • #359,681
  • Jan 21, 2014 12:06pm Jan 21, 2014 12:06pm
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!
GU H4 GMT+3

After a bullsih engulfing, an indecision. I am still holding, maybe some latter longs will be closed.
Invalidation if daily candle could close under broken resistance ~6464.

Good luck!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 61 KB
Click to Enlarge Name: gbpusdxm15.png Size: 58 KB
Anything is math!
  • #359,682
  • Jan 21, 2014 12:14pm Jan 21, 2014 12:14pm
sell 10lot 474 sl 500 tp390+
With a good book and quality paper you can fine wipe your ass.
  • #359,683
  • Jan 21, 2014 12:15pm Jan 21, 2014 12:15pm
Trying a short scalp here at 1.64712.
  • #359,684
  • Jan 21, 2014 12:16pm Jan 21, 2014 12:16pm
took 6 pips on the move down from 1.6471 before closing position due to the side movement. The bulls are coming in heavy now and theres strong resistance at 1.6450 , i think ill be staying away from the cable till the market decides where shes going
  • #359,685
  • Jan 21, 2014 12:17pm Jan 21, 2014 12:17pm
Quoting Suffo
sell 10lot 474 sl 500 tp390+

If I interpret this correctly, you've sold 10 lot's, which a lot is 100,000, so that's a million, at 1.6474. Your stop loss is 1.6500 and your target is 1.6390?
  • #359,686
  • Jan 21, 2014 12:17pm Jan 21, 2014 12:17pm
GU H4 GMT+3

I hope the same will happen on H4 that happend on the daily after friday bullish engulfing...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicrodaily.png Size: 38 KB
Anything is math!
  • #359,687
  • Jan 21, 2014 12:18pm Jan 21, 2014 12:18pm
Quoting IveGotQuads
took 6 pips on the move down from 1.6471 before closing position due to the side movement. The bulls are coming in heavy now and theres strong resistance at 1.6450 , i think ill be staying away from the cable till the market decides where shes going
I think you're right about 1.6450. I intend to get out of my position there.
  • #359,688
  • Jan 21, 2014 12:18pm Jan 21, 2014 12:18pm
Quoting Suffo
sell 10lot 474 sl 500 tp390+
whats the handle on those things, short 6474? whats your TP?
Look Sharp/Trade Tight
  • #359,689
  • Jan 21, 2014 12:18pm Jan 21, 2014 12:18pm
Very possible scenario may happen
Numbers come out neutral or same any "good news" is already priced in and PA plummets to 6380
Notice GJ normally a very volatile pair is hardly moving same for G/CHF stuck at 1.50-1.490
I am a bit suspicious about Cable bull.If the news is projected to be good then all Pound pairs should move in unison.That's not the case.
50pips move on Cable but on G/CHF basically nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.daily.png Size: 47 KB
In trading, you have to be defensive and aggressive at the same time
  • #359,690
  • Jan 21, 2014 12:26pm Jan 21, 2014 12:26pm
Quoting Davit
Very possible scenario may happen Numbers come out neutral or same any "good news" is already priced in and PA plummets to 6380 Notice GJ normally a very volatile pair is hardly moving same for G/CHF stuck at 1.50-1.490 I am a bit suspicious about Cable bull.If the news is projected to be good then all Pound pairs should move in unison.That's not the case.
yeah i know thats why I got out of the cable and went long in the Gbp/jpy @ 171.57 after the reveral pin bars on the 200 EMA so far so good 10 + pips and watching the Usd/Yen for any surprises
  • #359,691
  • Jan 21, 2014 12:29pm Jan 21, 2014 12:29pm
Quoting IveGotQuads
{quote} yeah i know thats why I got out of the cable and went long in the Gbp/jpy @ 171.57 after the reveral pin bars on the 200 EMA so far so good 10 + pips and watching the Usd/Yen for any surprises

Move your stop to BE or few pips and let it ride.Its not going anywhere strangely...
In trading, you have to be defensive and aggressive at the same time
  • #359,692
  • Jan 21, 2014 12:31pm Jan 21, 2014 12:31pm
Quoting -sonny-
{quote} a move up to 1.67 - 1.68 is possible but what if the move down start now and you buy it at the top ?, I will sell everything until at least 1.58 , 1.53 will be great :-) {image}
That would be fun!
  • #359,693
  • Jan 21, 2014 12:31pm Jan 21, 2014 12:31pm
Quoting Baggi
{quote} If I interpret this correctly, you've sold 10 lot's, which a lot is 100,000, so that's a million, at 1.6474. Your stop loss is 1.6500 and your target is 1.6390?
yes
With a good book and quality paper you can fine wipe your ass.
  • #359,694
  • Jan 21, 2014 12:32pm Jan 21, 2014 12:32pm
Quoting Davit
{quote} Move your stop to BE or few pips and let it ride.Its not going anywhere strangely...
funny i just did that, took half off and moved the rest to BE right now ...thanks though
  • #359,695
  • Jan 21, 2014 12:34pm Jan 21, 2014 12:34pm
Quoting IveGotQuads
{quote} yeah i know thats why I got out of the cable and went long in the Gbp/jpy @ 171.57 after the reveral pin bars on the 200 EMA so far so good 10 + pips and watching the Usd/Yen for any surprises
104.0x should be it. Other than consolidation and bids/offers no other reason for the drop.
  • #359,696
  • Jan 21, 2014 12:41pm Jan 21, 2014 12:41pm
Quoting GlobalMacro
{quote} Keep them, bulls going strong, looking good.
still following the info on danska bank they bought more on friday their 1st tp is 1.6515, i was in for a fair few pounds loss the good old 200 sma saved the day in fact if you look at my chart i would of been going short there was 8pips in it.
  • #359,697
  • Jan 21, 2014 12:42pm Jan 21, 2014 12:42pm
DXY 4H
Attached Image (click to enlarge)
Click to Enlarge Name: DXY 4 H.png Size: 26 KB
  • #359,698
  • Jan 21, 2014 12:43pm Jan 21, 2014 12:43pm
Quoting IveGotQuads
{quote} yeah i know thats why I got out of the cable and went long in the Gbp/jpy @ 171.57 after the reveral pin bars on the 200 EMA so far so good 10 + pips and watching the Usd/Yen for any surprises
Expanding wedge on M15 which is correction pattern (hope just th 4th wave), continuation expected
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyxm15.png Size: 61 KB
Anything is math!
  • #359,699
  • Jan 21, 2014 12:44pm Jan 21, 2014 12:44pm
Quoting Tsar
{quote} FX didn't FUN again... Started early 2014 year... Market's more difficult to predict moved. More dangerousand volatile compared than the previous year Need more Focus and viewed with Carefully... Perhaps my feeling or Truth ?
Hi Tsar, very good to see you mate
I found most (or half) of 2013 strange, but now I see the method to its madness (or at least I think I do).
that monthly consolidation in mid year was madness, but now hindsight is indeed a beautiful thing and is a light unto my footsteps....
Come with me if you want to live....
  • #359,700
  • Jan 21, 2014 12:45pm Jan 21, 2014 12:45pm
Quoting Kajos2250
{quote} Expanding wedge on M15 which is correction pattern (hope just th 4th wave), continuation expected {image}
Tokyo will take it up
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