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Cable Update (GBPUSD)

  • #374,881
  • May 1, 2014 3:53am May 1, 2014 3:53am
Quoting ArekJP
{quote} hahahah - not that im religious man, but i will pray for him, however that may be not enough
Perhaps if we join our prayers together?
Ghost Rider - WWTBMD?
  • #374,882
  • May 1, 2014 3:54am May 1, 2014 3:54am
Right move stops to 1.8 thats going to cost a bit lol
  • #374,883
  • May 1, 2014 3:56am May 1, 2014 3:56am
pp on 15 pips now 10 ema is up to 6899 90% off as it hits
  • #374,884
  • May 1, 2014 3:57am May 1, 2014 3:57am
Quoting littlecraig
Right move stops to 1.8 thats going to cost a bit lol

focus
  • #374,885
  • May 1, 2014 3:59am May 1, 2014 3:59am
This is short term plan
I would buy from 1,6824/6842 area and take profit between 1,7002/7020 which is also monthly R1 at 1,6999
I think I will unload 3/4 of my position and let rest to run in case of overshoot,
So you can trade with trend and limit your risk or you can average looser and pretend to trade like market maker on your mt4 blind as a bat,
Attached Image (click to enlarge)
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swing it!
  • #374,886
  • May 1, 2014 4:00am May 1, 2014 4:00am
Quoting Kajos2250
{quote} GU H4 GMT+3 Looking good! I see i have to strength my longs! Buy stop .6893, buy limit .6824 placed, invalidation price left at closeing under ~6760... Good luck! {image}
GU H4 GMT +3

Triggered again and the buy limit erased, .6823 is the first realization target, 5 longs will be closed and the other set BE.
Invalidation price moved a little bit higher, if close under ~6780...

Good luck!
Attached Image (click to enlarge)
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Anything is math!
  • #374,887
  • May 1, 2014 4:00am May 1, 2014 4:00am
Quoting elbert3
pp on 15 pips now 10 ema is up to 6899 90% off as it hits
bingo x 4 this is the only way to make any money of this rising trend,, waiting now untill fail of the 10% pp every 5 pips
  • #374,888
  • May 1, 2014 4:02am May 1, 2014 4:02am
Quoting elbert3
{quote} bingo x 4 this is the only way to make any money of this rising trend,, waiting now untill fail of the 10% pp every 5 pips
  • #374,889
  • May 1, 2014 4:02am May 1, 2014 4:02am
Attached Image (click to enlarge)
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  • #374,890
  • May 1, 2014 4:03am May 1, 2014 4:03am
Quoting elbert3
{quote} bingo x 4 this is the only way to make any money of this rising trend,, waiting now untill fail of the 10% pp every 5 pips
all off it works , its a bit hairy ,on the 5 min dont trade until the price gets away from the 20 ema Navin did you watch the clip i sent you,, this is what he means
  • #374,891
  • May 1, 2014 4:04am May 1, 2014 4:04am
will area shown on monthly chart save the bears (if they can hold that long if price carries on up ?) It was 1st resistance, then support, then resistance again at 7039 - the next swing high on this monthly chart which is shown with circle.

best wishes.
Attached Image (click to enlarge)
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it's all gone a bit........
  • #374,892
  • May 1, 2014 4:07am May 1, 2014 4:07am
Quoting elbert3
{quote} all off it works , its a bit hairy ,on the 5 min dont trade until the price gets away from the 20 ema Navin did you watch the clip i sent you,, this is what he means
looking to sell 6911 this might be a retrace back to 6895
  • #374,893
  • May 1, 2014 4:07am May 1, 2014 4:07am
We are close to test border or exit 6 years range...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 31 KB
  • #374,894
  • May 1, 2014 4:08am May 1, 2014 4:08am
GU H1

taking a chance on this wick to take us back below yesterday high
Attached Image (click to enlarge)
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  • #374,895
  • May 1, 2014 4:11am May 1, 2014 4:11am
Quoting elbert3
{quote} looking to sell 6911 this might be a retrace back to 6895
trying that above sell order eur usd 3902 sl 6913 target 6890
  • #374,896
  • May 1, 2014 4:17am May 1, 2014 4:17am
Quoting albchr
{quote} Sorry... .. I'll slither back to my corner now. :nerd: But I still think 6900 this week.
Not sure we'll see too much more "this week" but I could be wrong.
Ghost Rider - WWTBMD?
  • #374,897
  • May 1, 2014 4:17am May 1, 2014 4:17am
Have the funny feeling the Dollar got just frozen at 79.47???
I wish I could time travel, I'd be "very" rich
  • #374,898
  • May 1, 2014 4:19am May 1, 2014 4:19am
Quoting albchr
{quote} Not sure we'll see too much more "this week" but I could be wrong.
are you bought already or just thinking ..............

good luck...
  • #374,899
  • May 1, 2014 4:20am May 1, 2014 4:20am
Quoting chazzle
GU H1 taking a chance on this wick to take us back below yesterday high {image}
hi charles u might have a great trade..good call regardless i think its worth the chance
  • #374,900
  • May 1, 2014 4:21am May 1, 2014 4:21am
Quoting Harlen
{quote} Sometimes Butterfly pattern can fails
sure, infact the last line of defense is 1,6925.. it's an opportuniy but doesn't not mean it will happen...if daily close above 1,6925 the butterfly fails...instead bearish reversal still intact...let's see tomorrow non farm payrolls will show the direction in my opinion...However risk reward on bearish side.
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