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Cable Update (GBPUSD)

  • #371,601
  • Apr 11, 2014 8:08am Apr 11, 2014 8:08am
Quoting A-speculator
GJ breakout retest 170.. good spot for short, imho.
Yh made 30 on way down 1st time, in at 96 for the retest
As the lights go by so too do the shadows move
  • #371,602
  • Apr 11, 2014 8:10am Apr 11, 2014 8:10am
Quoting Matts Micro
{quote} Yh made 30 on way down 1st time, in at 96 for the retest
good for you bro..
  • #371,603
  • Apr 11, 2014 8:14am Apr 11, 2014 8:14am
party just begun, music just being played...

to be continue south next week.. only left 1 fundamental data for today and almost the end of every market except the US...

can kill time in here though..
  • #371,604
  • Apr 11, 2014 8:22am Apr 11, 2014 8:22am
Quoting A-speculator
{quote} good for you bro..
Thanks mate . It's dropping well so far but I would like to put some distance from daily TL [email protected] before day is out to put the trade into lt.
As the lights go by so too do the shadows move
  • #371,605
  • Apr 11, 2014 8:24am Apr 11, 2014 8:24am
we can drop to 16660 . 6698 target, 1st
  • #371,606
  • Apr 11, 2014 8:25am Apr 11, 2014 8:25am
Quoting Matts Micro
{quote} Thanks mate . It's dropping well so far but I would like to put some distance from daily TL [email protected] before day is out to put the trade into lt.
as i said before, depending on your risk assessment, i think just let it run and continue next week.. no point in adding on to the position since this is the last day of the week and volume almost dry..
  • #371,607
  • Apr 11, 2014 8:32am Apr 11, 2014 8:32am
Quoting A-speculator
{quote} as i said before, depending on your risk assessment, i think just let it run and continue next week.. no point in adding on to the position since this is the last day of the week and volume almost dry..
Yeps, pity it's friday. I used scalp sized lots (higher leveraged than lt)with initially 6 pip sl, now at b.e. If pa looks like another pullback I'll just take n run again. If we continue down will likely lower SL and leave over w.e.

see how we go

GL
As the lights go by so too do the shadows move
  • #371,608
  • Apr 11, 2014 8:40am Apr 11, 2014 8:40am
Quoting Matts Micro
{quote} Yeps, pity it's friday. I used scalp sized lots (higher leveraged than lt)with initially 6 pip sl, now at b.e. If pa looks like another pullback I'll just take n run again. If we continue down will likely lower SL and leave over w.e. see how we go GL
out +20
As the lights go by so too do the shadows move
  • #371,609
  • Apr 11, 2014 8:52am Apr 11, 2014 8:52am
not many traders left, any body want to call the last news ,??? 14.00hrs
  • #371,610
  • Apr 11, 2014 8:54am Apr 11, 2014 8:54am
Good day,

good to see some profits made. It's nice.

For those using multiple entries - this may help to indicate your BE point etc.

Regards and trade well
Attached File(s)
File Type: ex4 NoLoss v4.ex4   8 KB | 340 downloads
  • #371,611
  • Apr 11, 2014 9:20am Apr 11, 2014 9:20am
i think 673x area might be minor resistance now for cable..
  • #371,612
  • Apr 11, 2014 9:21am Apr 11, 2014 9:21am
You think double top formed and now time for southward movement?

Could be anyway GBPUSD will continue forming waves, it might go back to 1.65 and then to 1.72.

when BOE hikes rate then it might broke higher without forming waves just one direction trend. But now it looks like double top has formed, also EURGBP reversing, meaning that EURUSD uptrend is not disturbing GBPUSD to go south
kiss the trend
  • #371,613
  • Apr 11, 2014 9:21am Apr 11, 2014 9:21am
Quoting musani
{image}
nice indicator as a long terme trader I'm interested where can I find it ?
  • #371,614
  • Apr 11, 2014 9:24am Apr 11, 2014 9:24am
Quoting A-speculator
i think 673x area might be minor resistance now for cable..
in smaller TF..
  • #371,615
  • Apr 11, 2014 9:32am Apr 11, 2014 9:32am
Here..
nice indicator as a long terme trader I'm interested where can I find it ?[/quote]
Attached File(s)
File Type: ex4 ay-Iqyu5anFibo 2013.ex4   11 KB | 234 downloads
GELORE
  • #371,616
  • Apr 11, 2014 9:44am Apr 11, 2014 9:44am
broken falling trend line and 38.2% of that last bullish leg up on this t/f 6552-6820 is the present low of day

best wishes.
Attached Image (click to enlarge)
Click to Enlarge Name: zd.jpg Size: 57 KB
it's all gone a bit........
  • #371,617
  • Apr 11, 2014 9:54am Apr 11, 2014 9:54am
Quoting petetong
broken falling trend line and 38.2% of that last bullish leg up on this t/f 6552-6820 is the present low of day best wishes. {image}
I have exactly the same chart and TL's. No secret I've been bearish leaning since 6820 but this "feels" more like Friday profit taking than hard sellers entering. Will be interesting to see the daily close.
Ghost Rider - WWTBMD?
  • #371,618
  • Apr 11, 2014 10:02am Apr 11, 2014 10:02am
Quoting albchr
{quote} I have exactly the same chart and TL's. No secret I've been bearish leaning since 6820 but this "feels" more like Friday profit taking than hard sellers entering. Will be interesting to see the daily close.
yups definitely interesting if daily can close as confirmation breakout low of the doji.. perhaps price is positioning for May..
  • #371,619
  • Apr 11, 2014 10:06am Apr 11, 2014 10:06am
Quoting A-speculator
{quote} yups definitely interesting if daily can close as confirmation breakout low of the doji.. perhaps price is positioning for May..
Right now I'm watching the 4H to see if it breaks that daily TL. Keeping in mind of course we are in a strong uptrend and shorts ARE counter trend ATM.
Ghost Rider - WWTBMD?
  • #371,620
  • Apr 11, 2014 10:11am Apr 11, 2014 10:11am
Quoting albchr
{quote} Right now I'm watching the 4H to see if it breaks that daily TL. Keeping in mind of course we are in a strong uptrend and shorts ARE counter trend ATM.
i don't see it that way mate, as i see it, cable is in a big a$$ range.. the range i'm talking about is the monthly range..
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