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Cable Update (GBPUSD)

  • #369,521
  • Mar 27, 2014 11:04am Mar 27, 2014 11:04am
Quoting godim
Opportunity for a long position in the euro in thin stop. {image}
Sorry a bit delayed in the post.

Attached Image (click to enlarge)
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #369,522
  • Mar 27, 2014 11:19am Mar 27, 2014 11:19am
Quoting elbert3
{image} big gap needs filling the 66400 ai had in a fib number should be safe to big lot short 20 pips, risky thou,the numers out on the news were well above consensus,
6581 fills the gap and takes us below 61 fib line ?? will it get there ??
  • #369,523
  • Mar 27, 2014 11:26am Mar 27, 2014 11:26am
6615 to load shorts
  • #369,524
  • Mar 27, 2014 12:13pm Mar 27, 2014 12:13pm
closed short +70pips
2 trades same 35pips each


If rebounds again will sell again.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.m15.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
  • #369,525
  • Mar 27, 2014 12:34pm Mar 27, 2014 12:34pm
Quoting elbert3
6615 to load shorts
Attached Image (click to enlarge)
Click to Enlarge Name: f2.png Size: 104 KB
the top x was a false move long thats why i loaded short
  • #369,526
  • Mar 27, 2014 1:06pm Mar 27, 2014 1:06pm
Quoting elbert3
{quote} {image} the top x was a false move long thats why i loaded short
limit shorts at 6620 2x
In trading, you have to be defensive and aggressive at the same time
  • #369,527
  • Mar 27, 2014 1:10pm Mar 27, 2014 1:10pm
Quoting Davit
{quote} limit shorts at 6620 2x
i was hoping it was gong to break into that tl i will see if it is just a retrace for another short
  • #369,528
  • Mar 27, 2014 1:11pm Mar 27, 2014 1:11pm
I'm still mostly short, but it trades with a bid, might get a retest of 6635/38 again...I might add up there again...
Look Sharp/Trade Tight
  • #369,529
  • Mar 27, 2014 1:18pm Mar 27, 2014 1:18pm
Quoting PayTheLimit
I'm still mostly short, but it trades with a bid, might get a retest of 6635/38 again...I might add up there again...
looks like res 6621 ????
  • #369,530
  • Mar 27, 2014 1:19pm Mar 27, 2014 1:19pm
Quoting elbert3
{quote} looks like res 6621 ????
yea, looks like there is some there also...
Look Sharp/Trade Tight
  • #369,531
  • Mar 27, 2014 1:23pm Mar 27, 2014 1:23pm
Quoting PayTheLimit
{quote} yea, looks like there is some there also...
on the 30 min the 10 sma might hold it sitting on it now
  • #369,532
  • Mar 27, 2014 1:24pm Mar 27, 2014 1:24pm
Quoting elbert3
{quote} on the 30 min the 10 sma might hold it sitting on it now
6603 breaks the tl on the chart i posted above ??
  • #369,533
  • Mar 27, 2014 1:26pm Mar 27, 2014 1:26pm
Quoting elbert3
{quote} on the 30 min the 10 sma might hold it sitting on it now
its also the close of the first down bar after the large up bar, held as support for 4hours or so...might have turned resistance for the time being..
Look Sharp/Trade Tight
  • #369,534
  • Mar 27, 2014 1:43pm Mar 27, 2014 1:43pm
Quoting PayTheLimit
{quote} its also the close of the first down bar after the large up bar, held as support for 4hours or so...might have turned resistance for the time being..
if you look on the 15min a gap up , dont know if it will want to fill it ??
  • #369,535
  • Mar 27, 2014 2:35pm Mar 27, 2014 2:35pm
Howzit GU

Daily Chart review

 

  1. 50 and 200 sma's are far apart and indicate the overall strength of the uptrend
  2. Channel Up formation confirmed with a coincidental bounce of the 38,2% retracement
  3. 1.626 support will be interesting in the year ahead and is a level to keep in mind
  4. 1.646 is now the most recent support and forms touch 3 of the channel up and becomes a change in polarity
  5. 1.66 is a poor S/R area none the less a daily close above this level is bullish long term

Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 39 KB


Short term GU 4H

 

  1. The short term down trend has broken to the bullish side
  2. The 1.665 area is keeping price contained and a break to the upside should see a return to 1.676
  3. Lots of data tomorrow could act as a catylist either way but overall the technical pattern shows bullish continuation is favoured

Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 23 KB


As always cut your losses soon let your winners run

Trade Safe

G/L
  • #369,536
  • Mar 27, 2014 2:53pm Mar 27, 2014 2:53pm
6581 looks good to me ??? remember 6290
  • #369,537
  • Mar 27, 2014 3:14pm Mar 27, 2014 3:14pm
Quoting elbert3
6581 looks good to me ??? remember 6290
,
Attached Image (click to enlarge)
Click to Enlarge Name: GU 15.png Size: 16 KB
  • #369,538
  • Mar 27, 2014 8:57pm Mar 27, 2014 8:57pm
So...what are peoples thoughts on the Current Account release tonight?
  • #369,539
  • Mar 27, 2014 11:22pm Mar 27, 2014 11:22pm
Quoting JimmyC
Howzit GU Daily Chart review 50 and 200 sma's are far apart and indicate the overall strength of the uptrend Channel Up formation confirmed with a coincidental bounce of the 38,2% retracement 1.626 support will be interesting in the year ahead and is a level to keep in mind 1.646 is now the most recent support and forms touch 3 of the channel up and becomes a change in polarity 1.66 is a poor S/R area none the less a daily close above this level is bullish long term {image} Short term GU 4H The short term down trend has broken to the bullish side...
gr8 analysis
kindly post often

for discussion:

why some traders use high $ ma like yours 50 + 200 ma vs. others use low # like 10 + 20 ma?


thanks for your time

cheers
  • #369,540
  • Mar 27, 2014 11:36pm Mar 27, 2014 11:36pm
lets wait for the news in GBP....it can make a good profit
"Trap The RED News"
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