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Cable Update (GBPUSD)

  • #369,801
  • Mar 31, 2014 10:31am Mar 31, 2014 10:31am
I get the sense and I may be wrong that Carney may mimic Yellen's Dovish tone today.He already stated on numerous times Interest rate hike may happen in 2015 but not before.
This could be pump and dump like on Euro
In trading, you have to be defensive and aggressive at the same time
  • #369,802
  • Mar 31, 2014 10:35am Mar 31, 2014 10:35am
dollar bulls are getting what they are supposed to get, a good hiding @ 80.20. D1 getting rejected.

next stop 79.40
Attached Image (click to enlarge)
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  • #369,803
  • Mar 31, 2014 10:36am Mar 31, 2014 10:36am
GU 1hr is a short scalp.. GU 1hr is a short scalp.. Na Nanna Na na..

Ping

Regards

TT
  • #369,804
  • Mar 31, 2014 10:38am Mar 31, 2014 10:38am
Quoting elbert3
morning targets 6688,,,6718, possible short pull back off the figures depending on pa{image}
Attached Image (click to enlarge)
Click to Enlarge Name: day2.png Size: 125 KB
update on target 6851 would be a 200 pip profit if the heiken ashi works out
  • #369,805
  • Mar 31, 2014 10:42am Mar 31, 2014 10:42am
Quoting Zircon
This pair is so beautiful, its shadow on the daily is beauty sign . love it.
agreed. this space ship is enroute for 7000.
  • #369,806
  • Mar 31, 2014 10:49am Mar 31, 2014 10:49am
Please see post Sunday, March 30, 2014 - Re: Game Plan Sellers (day traders/scalpers)
http://www.forexfactory.com/showthre...70#post7372370

Here is part of the post:

Game Plan Sellers (day traders/scalpers)
Sell 1.6680 and exit some at 1.6660 and exit the rest 1.6640
Sell 1.6695 and exit some at 1.6675 and exit the rest 1.6655
Sell 1.6710 andexit some at 1.6690 and exit the rest 1.6670
Sell 1.6740 and exit some at 1.6720 and exit the rest 1.6700

NO HINDSIGHT TRADING

Do not blindly follow what I have written, do your own analysis and trade your plan.

HDA OUT

P.S. I remain long GBP/USD to 1.70000 in my position trade.
  • #369,807
  • Mar 31, 2014 10:53am Mar 31, 2014 10:53am
GOING MORE LONG!!!
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #369,808
  • Mar 31, 2014 11:13am Mar 31, 2014 11:13am
I guess it will all depend on what Carney says at 6.15.
  • #369,809
  • Mar 31, 2014 11:21am Mar 31, 2014 11:21am
Quoting InNeedOfHelp
I guess it will all depend on what Carney says at 6.15.
GMT?
  • #369,810
  • Mar 31, 2014 11:26am Mar 31, 2014 11:26am
Yes sorry. 6.15pm GMT
  • #369,811
  • Mar 31, 2014 11:35am Mar 31, 2014 11:35am
closed at 45 pips plus change ..
  • #369,812
  • Mar 31, 2014 11:39am Mar 31, 2014 11:39am
looking to short
  • #369,813
  • Mar 31, 2014 12:12pm Mar 31, 2014 12:12pm
target coming up 6717 ??
  • #369,814
  • Mar 31, 2014 12:54pm Mar 31, 2014 12:54pm
short 1.6575. technically techs may want 1.6720 before final dump but it looks overstretched today and starting tom its data has to be good to give justice to this price
  • #369,815
  • Mar 31, 2014 1:00pm Mar 31, 2014 1:00pm
Quoting elbert3
target coming up 6717 ??
6656 could be scalp target then long to 6717 may be ?
  • #369,816
  • Mar 31, 2014 1:36pm Mar 31, 2014 1:36pm
Quoting elbert3
{quote} 6656 could be scalp target then long to 6717 may be ?
I am waiting for down trend. But it is going now up and up.... How more it going up????????
Attached Image (click to enlarge)
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  • #369,817
  • Mar 31, 2014 1:53pm Mar 31, 2014 1:53pm
Quoting hridoybd98
{quote} I am waiting for down trend. But it is going now up and up.... How more it going up???????? {image}
hi i dont know, we need to see were price takes us, i think 6717 even then ????? trade safe thou, regards
  • #369,818
  • Mar 31, 2014 2:17pm Mar 31, 2014 2:17pm
No point to short 4hr chart.. just long all the way until 2moro . the hint is already there.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.h4.png Size: 71 KB
GELORE
  • #369,819
  • Mar 31, 2014 2:29pm Mar 31, 2014 2:29pm
Howzit GU!


GU 4H

The break above resistance signal bullish continuation target remains 1.676
A pullback to 1.665 would be health and given the -ve divergence on the RSI it should be expected

Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 27 KB


GU Daily

Daily shows the strength of the uptrend and also has the RSI to indicate reverse +ve divergence signalled at the wall of the DTL
the 50sma can be viewed as dynamic support & perhaps could signal a joining level target at 1.68

Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 38 KB


Trade safe
  • #369,820
  • Mar 31, 2014 2:41pm Mar 31, 2014 2:41pm
Quoting hridoybd98
{quote} I am waiting for down trend. But it is going now up and up.... How more it going up???????? {image}
waiting for a GU downtrend could be a pain in the assa, especially if you check out GJ M1 (month) chart and see that recently the thing is trading above key 164 level.
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