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Cable Update (GBPUSD)

  • #369,841
  • Apr 1, 2014 12:49am Apr 1, 2014 12:49am
Quoting elbert3
{quote} target hit now see how far up today, more than 6717 as above,
looking on the one hour still possible for a move down ?? 6640 ??
  • #369,842
  • Apr 1, 2014 12:59am Apr 1, 2014 12:59am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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interesting a lot of tls meet ??
  • #369,843
  • Apr 1, 2014 1:46am Apr 1, 2014 1:46am
doing nothing until 6717 or 6610 are breached...perhaps some decent resistance at 6697 also...
Look Sharp/Trade Tight
  • #369,844
  • Apr 1, 2014 1:50am Apr 1, 2014 1:50am
1.6695 is an importanat area for today. either cable takes it out and rallies to 1.6730 or falls to 1.6620.
  • #369,845
  • Apr 1, 2014 2:52am Apr 1, 2014 2:52am
Kinda sense PMI will come in as expected
  • #369,846
  • Apr 1, 2014 2:57am Apr 1, 2014 2:57am
Quoting giveachance
1.6695 is an importanat area for today. either cable takes it out and rallies to 1.6730 or falls to 1.6620.
or maybe it falls and then rallies
  • #369,847
  • Apr 1, 2014 3:15am Apr 1, 2014 3:15am
Hello thread readers

61.8% 6823-6464 at yesterday's hi.....38.2% 6611-83 at today's present low, Might be a reaction one way or the other way on this Uk data due at 0930am GMT +1 Above yesterday's high the former swing high to 6718 the next obstacle on the bulls path north if reached ?

Best Wishes.
it's all gone a bit........
  • #369,848
  • Apr 1, 2014 3:17am Apr 1, 2014 3:17am
could go long here little false move down 30 min chart
  • #369,849
  • Apr 1, 2014 3:20am Apr 1, 2014 3:20am
Quoting DerekTrotter
{quote} or maybe it falls and then rallies
I will stick to my charts until I see 1.6695 and I doubt we will see that. Only if PMI above 60 can such print come.
  • #369,850
  • Edited 3:54am Apr 1, 2014 3:30am | Edited 3:54am
Good Morning Forex Factory Members and Guests

Sorry I'm late for the party, had to catch up on some much needed sleep.

What's the plan for GBP/USD today, Tuesday, April 1, 2014?

10am Eastern Options Expiry for April 1, 2014

1.6630 - watch this level (hence my 40pip scalp from 1.6680 to 1.6640 has a high probability of working out)
1.6500

Offers are at 1.6680 and 1.6700

If you have been following along from previous posts the sellers game plan is still valid if you are a day trader/scalper

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

Support is at 1.6613 and 1.6600

Game Plan Buyers (day traders/scalpers)
Buy 1.6640 and exit some 1.6660 and exit the rest 1.6680 (new addition to plan if the 1.6630 options barrier holds)

If 1.6630 Options Barrier does not hold - then this is Plan B

Buy 1.6605 and exit some 1.6625 and exit the rest 1.6645
Buy 1.6585 and exit some 1.6605 and exit the rest 1.6625/45
Buy 1.6555 and exit some 1.6575 and exit the rest 1.6595/1.6645

NO HINDSIGHT TRADING

HDA OUT

P.S Wanted to get this post out before 4:30am Eastern - will be editing for my usual colouring

Do not blindly follow what I have written, do your own analysis and trade your plan.
  • #369,851
  • Apr 1, 2014 3:32am Apr 1, 2014 3:32am
Quoting giveachance
{quote} I will stick to my charts until I see 1.6695 and I doubt we will see that. Only if PMI above 60 can such print come.
ah ok just asking no drop hey
  • #369,852
  • Apr 1, 2014 3:35am Apr 1, 2014 3:35am
Quoting HDA
Good Morning Forex Factory Members and Guests Sorry I'm late for the party, had to catch up on some much needed sleep. What's the plan for GBP/USD today, Tuesday, April 1, 2014? 10am Eastern Options Expiry for April 1, 2014 1.6630 - so watch this level (hence my 40pip scalp from 1.6680 to 1.6640 has a high probability of working out) 1.6500 Offers are at 1.6680 and 1.6700 If you have been following along from previous posts the sellers game plan is still valid if you are a day trader/scalper Game Plan Sellers (day traders/scalpers) Sell 1.6680 and...
perfect. techs want 1.6626 now after the print. will be surprised if they don't have a go at it.
  • #369,853
  • Apr 1, 2014 3:35am Apr 1, 2014 3:35am
Quoting elbert3
{quote} looking on the one hour still possible for a move down ?? 6640 ??
hit the 6640 are there buyers now to push it up the pmi was not a big difference
  • #369,854
  • Apr 1, 2014 3:39am Apr 1, 2014 3:39am
Quoting elbert3
{quote} hit the 6640 are there buyers now to push it up the pmi was not a big difference
if there were buyers there it will probably take out 1.6675 but I doubt that. I suspect its falling now
  • #369,855
  • Apr 1, 2014 3:39am Apr 1, 2014 3:39am
Quoting elbert3
{quote} hit the 6640 are there buyers now to push it up the pmi was not a big difference
lucky there go whipped loss 622.14 and won 676.89 lucky
  • #369,856
  • Apr 1, 2014 3:40am Apr 1, 2014 3:40am
Quoting HDA
Good Morning Forex Factory Members and Guests Sorry I'm late for the party, had to catch up on some much needed sleep. What's the plan for GBP/USD today, Tuesday, April 1, 2014? 10am Eastern Options Expiry for April 1, 2014 1.6630 - watch this level (hence my 40pip scalp from 1.6680 to 1.6640 has a high probability of working out) 1.6500 Offers are at 1.6680 and 1.6700 If you have been following along from previous posts the sellers game plan is still valid if you are a day trader/scalper Game Plan Sellers (day traders/scalpers) Sell 1.6680 and...
HDA nice summary. here's some extra info on GU options levels.
Attached Image
  • #369,857
  • Apr 1, 2014 3:43am Apr 1, 2014 3:43am
Quoting giveachance
{quote} if there were buyers there it will probably take out 1.6675 but I doubt that. I suspect its falling now
looks like buyers GC??
  • #369,858
  • Apr 1, 2014 3:44am Apr 1, 2014 3:44am
Quoting giveachance
{quote} perfect. techs want 1.6626 now after the print. will be surprised if they don't have a go at it.
@giveachance:

Watch for the 1.6630 Options Barrier

HDA OUT
  • #369,859
  • Apr 1, 2014 3:48am Apr 1, 2014 3:48am
Quoting HDA
{quote} @giveachance: Watch for the 1.6630 Options Barrier HDA OUT
if there is a barrier there will be sell stops at 28. so if we clear that we can get a nice 20 pip down and target yesterday's low of 1.6611
  • #369,860
  • Apr 1, 2014 3:48am Apr 1, 2014 3:48am
Quoting elbert3
{quote} hit the 6640 are there buyers now to push it up the pmi was not a big difference
@elbert3:

The low was 1.66412 it didn't get to 1.6640 yet, my scalp has not closed yet. Exit target 1.6640, still waiting

Then looking to execute Game plan buyers

HDA OUT
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