Cable Update (GBPUSD)

we want to hit the support figure and then we will see ,, gl 6856 ??

I will post a chart but just wanted to point out my view first hopefully at the weekend post full set of charts

Did someone stop the presses?

Sure there is

Good Morning Forex Factory Members and Guests

I just dropped the wife off at the airport, I've gotten permission to post, so i'll be around until Wednesday, April 30, 2014. Two days of posting before she returns.

The Options barrier at 1.6850 has been taken out

The next Options barrier is at 1.6900

1.68772 is the next high before 1.70416 (2009 High)

For those who have read my previous posts you are aware that I have been long the GBP/USD and GBP/CAD from November 2013, last year and still holding.

I remain long GBP/USD to 1.70000 and long GBP/CAD to 1.90000

Final Note:

Scenario 1
The 2009 High 1.70416 on the GBP/USD if taken out and we get a daily close above 1.70000 (when that time comes) I will be re-entering LONG again to hold for 1.80000 and then 1.90000 and then 2.0000 - This is what position trading is about.

Scenario 2
If the 2009 High 1.70416 on the GBP/USD if taken out and we get a daily close below 1.70000 (when that time comes) I will be entering short back down to the consolidation area.

I remain long GBP/USD to 1.70000 and long GBP/CAD to 1.90000

IF YOU DONT SEE IT - DONT TRADE IT

If you are a BEAR, there is still money to be made, you can counter trend trade, earn negative swaps and grab a few pips.

If you are a BULL you can continue to trade in the direction of the trend, looking for cheap longs (buying the dip) keeping Scenario 1 and Scenario 2 in mind.

Gonna get some shut eye, will catch up later in the day.

HDA OUT

I think i found flight MH370 on that chart...

Looking for it too pullback too 1.6823 will go long from there, targeting 1.6887 area... if we pull up now too 1.6827 then expect New York too short too 1.6824 area.

I'm either long at 1.6824 or short at 1.6887.

Think 1.6887 may pullback 30 pips then go too 1.6910 or it could pullback overnight close to the 1.6823 entry... I mean pull all the way back too 1.6828/32... hence why I am not looking for the the 1.6910 and only looking for 1.6885 as won't be in to manage trade

Dustbin setup

1 short
2 long
Trend bullish

GU15 - Dustbin levels


G/L

Yep I am looking to buy in same place.. but getting out at 1.6887 area... that's the next area... but yours 1.9055/20 is next one up which could be hit but I aint going to be around and see the potential as nfp week and break of 1.6877 could hit the next area around 87 and come all the way back too 1.6831/28 so trying get the main pips and worry about re entering long again tomorrow.

If we shoot up though too 1.6887 first then expect 50 - 60 pip pullback too 1.6830/23

EU 4H

Gap - window - closed

EU 15

Dustbin - setup

1st short target 6821, now break that then 6807ish for now ?

It won't go down below .6823 at least for today... someone wouldn't allow it to happen.

close gold

hi jim did you see my post late friday to you,, changed direction ??

3 resistance levels 7000,7180 and 7375. I will short 7180 SL 7400 TP 6180

Or long 1,6730 TP 5.6730 yes yes 5 not 2

This year is super crazy on pound cause via 120 days pound moved up only 250 pips. year open in 6600. its very very very low volatility year.
i think the volatility will stay low till september.

dont short 6800-6900 zone. will burn it out.