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Cable Update (GBPUSD)

  • #377,581
  • May 14, 2014 4:40am May 14, 2014 4:40am
Quoting albchr
Just poked it's head into my main buy area. Sure looks bearish. That's when I get the most suspicious... ... {image}
Just poked it's head into my second buy area. Even more suspicious....LOL
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Ghost Rider - WWTBMD?
  • #377,582
  • May 14, 2014 4:41am May 14, 2014 4:41am
Quoting albchr
{quote} Just poked it's head into my second buy area. Even more suspicious....LOL {image}
If it retests today's low I'll get long
  • #377,583
  • May 14, 2014 4:41am May 14, 2014 4:41am
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lets see if we can get to the rest,, i have to get back in now but might scalp back up to emas on the 1 hour chart
  • #377,584
  • May 14, 2014 4:45am May 14, 2014 4:45am
I was shorted again twice and TP again, but what did that chap says about inflation that really does a nice short of getting my TP.
  • #377,585
  • May 14, 2014 4:45am May 14, 2014 4:45am
GU M5
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  • #377,586
  • May 14, 2014 4:47am May 14, 2014 4:47am
Quoting albchr
{quote} just poked it's head into my second buy area. Even more suspicious....lol {image}
did you get in at the 758,, to late for me to scalp now, 6820 will be a sell area now price should come back to the 10 ema to see if we can confirm short
  • #377,587
  • May 14, 2014 4:50am May 14, 2014 4:50am
Quoting Carlicus
{quote} If it retests today's low I'll get long
I'm not touching a thing yet Carlicus. I will wait to see what's what.

As a day trader with a very small account, I follow the "overall" trend to determine (for me) which way is "safer" to trade. If the bull trend remains in tact, longs are safer. If it breaks into a bear trend shorts are safer.

I will still trade both ways in ANY trend. Just a question (for me) which is "safer" to risk more or less on.
Ghost Rider - WWTBMD?
  • #377,588
  • May 14, 2014 4:50am May 14, 2014 4:50am
http://www.forexfactory.com/attachme...8&d=1399884840
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  • #377,589
  • May 14, 2014 4:51am May 14, 2014 4:51am
A reversal to the upside is building up, IMHO
  • #377,590
  • May 14, 2014 4:52am May 14, 2014 4:52am
Quoting elbert3
{quote} did you get in at the 758,, to late for me to scalp now, 6820 will be a sell area now price should come back to the 10 ema to see if we can confirm short
Attached Image (click to enlarge)
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the 200 looks like it held it but 6820 25 was a strong resistance yesterday so a good case to short if it gets there, not sure if it will , the 10 ema might push through it and then i will sell of that,, so sell 820 or a touch 10 ema on 4 hour chart
  • #377,591
  • May 14, 2014 4:55am May 14, 2014 4:55am
Short 1.6800 targeting retest today low
  • #377,592
  • May 14, 2014 4:55am May 14, 2014 4:55am
Quoting Dano12
http://www.forexfactory.com/attachme...8&d=1399884840 {image} {image}
Exactly the point...
  • #377,593
  • May 14, 2014 4:57am May 14, 2014 4:57am
Quoting Danny Maina
likely bearish continuation with the 8:30 and 9:30 news. {image}
Spot on
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+100 huge ones and a
  • #377,594
  • May 14, 2014 4:58am May 14, 2014 4:58am
Quoting elbert3
{quote} did you get in at the 758,, to late for me to scalp now, 6820 will be a sell area now price should come back to the 10 ema to see if we can confirm short

where it will end up today? 6750? or 6830 ?
  • #377,595
  • May 14, 2014 5:03am May 14, 2014 5:03am
Quoting sami4240
{quote} where it will end up today? 6750? or 6830 ?
at 9pm +1GMT it will lower than 1,6823..I dont know how much but it will
  • #377,596
  • May 14, 2014 5:05am May 14, 2014 5:05am
Attached Image (click to enlarge)
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points 1 break out from strong resistance yesterday 6825 20 are as my mate said it was tested 10 times so one would think this is now resistance to the upside and a good sell point ,,if it gets there ? for me at this time 30 min 1 hour 4 hour all have red over white emas ,, the only one is the day , it might with all probability s cross today that would give an indication of more shorts,, ie 6660 ...2 the 50 on the day might be support to get back but i think if it does depending on news 6869 would be the best it can get,,, that my opinion up and down,,,like the weather depends how one sees they trade
  • #377,597
  • May 14, 2014 5:07am May 14, 2014 5:07am
Quoting sami4240
{quote} where it will end up today? 6750? or 6830 ?
if i knew my mate we would all be millionaires as i would tell you all, see the post make you trade and gl,
  • #377,598
  • May 14, 2014 5:13am May 14, 2014 5:13am
Quoting elbert3
{image} points 1 break out from strong resistance yesterday 6825 20 are as my mate said it was tested 10 times so one would think this is now resistance to the upside and a good sell point ,,if it gets there ? for me at this time 30 min 1 hour 4 hour all have red over white emas ,, the only one is the day , it might with all probability s cross today that would give an indication of more shorts,, ie 6660 ...2 the 50 on the day might be support to get back but i think if it does depending on news 6869 would be the best it can get,,,...
Can't argue with that at this point for today. As you say mate, "if" it gets there.
Ghost Rider - WWTBMD?
  • #377,599
  • May 14, 2014 5:14am May 14, 2014 5:14am
Would that be a false breakout of the bottom channel line before the last advance, quite often seen?

Attached Image (click to enlarge)
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  • #377,600
  • May 14, 2014 5:17am May 14, 2014 5:17am
Quoting albchr
{quote} Can't argue with that at this point for today. As you say mate, "if" it gets there.
lets see 6777 long sl 50 normal lot to 20 or the 10 ema on the 1 hour ,, i have a few quid to spare after the last trade
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