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Cable Update (GBPUSD)

  • #379,841
  • May 29, 2014 9:43pm May 29, 2014 9:43pm
Quoting PoundTrader
{quote}

Wait for the 4 hour close in 1 hour 20 mins as possible could go from here too 1.6640/45 break the swing then move back later in day and some of next week back to logical swing short at 1.6767/69

On the other hand I wanted to long 1.6697 yesterday targeting 1.6767/69 and now that 1.6769 is now today's R2 so its possible we go up before down, currently in no man's land, but if you get the 1.6767/69 short should be good to hold too 1.6450
  • #379,842
  • May 29, 2014 9:47pm May 29, 2014 9:47pm
Quoting polonoon
what about Shorting GBP HERE 1.6724 ???

Better off waiting for 1.67667... todays target would be break of swing so 1.6645/39 area but expect it would be good for 1.6450 on the other hand if it falls first then 1.6640 would be the buy.. either way 1.6640 would be a 50 - 60 pips buy anyway but if goes down before 1.6767 then would expect 1.6640 to get back to fill some of the last swing so up to 1.6767
  • #379,843
  • May 29, 2014 9:53pm May 29, 2014 9:53pm
Quoting polonoon
what about Shorting GBP HERE 1.6724 ???

Likelihood is that 1.6758 will pop back too 1.6740/37 area then Pre London longs it up for 25.27 pips too 1.6767/69 then that will be the short..... People will take profits at 1.6670/166.60 and of course 1.6640 (expect 60 pips min bounce here back too at least 167 but this will occur Monday) extreme lows and breaking Weekly S3 and S1 Monthly allowing it for to go lower next week
  • #379,844
  • May 29, 2014 10:18pm May 29, 2014 10:18pm
Quoting RussJ
{quote} Better off waiting for 1.67667... todays target would be break of swing so 1.6645/39 area but expect it would be good for 1.6450 on the other hand if it falls first then 1.6640 would be the buy.. either way 1.6640 would be a 50 - 60 pips buy anyway but if goes down before 1.6767 then would expect 1.6640 to get back to fill some of the last swing so up to 1.6767
you r right but yesterday GBP couldnt break the 1st resistance which is 16738 FUTURE = 16741 Spot , i see that i will start sell it from here 16730 , cause we may not see 16766
  • #379,845
  • May 29, 2014 10:46pm May 29, 2014 10:46pm
Quoting polonoon
{quote} you r right but yesterday GBP couldnt break the 1st resistance which is 16738 FUTURE = 16741 Spot , i see that i will start sell it from here 16730 , cause we may not see 16766

Ysterday it hit first resistance 1.6743 and I suggested first sell and target on long was 1.6739/48.... sold at 1.6743..... now expect it to break and reach 1.6767/69 today then short to 1.6640.... we have taken out all the supports already so they wont hold.... we have broken them once and filling most of the last swing so expect a lower swing

But depends on what trader you are. I will scalp 26 pips up... already long at 1.67.. will exit both at around 1.6766 area and then look to short... will only be scaling positions though at 1.6640 as every move now I will be scaling too 1.6450 and i expect Monday or Tuesday to short at 1.6708/20 area again after we retrace off 1.6640.. I will be targeting overall 1.6450 then I will be looking to swing back to 16740's then targeting intrdays bottoms and scales too 1.6213 then 15900

Added further you be a fool too sell now!!! Time of day is not correct!!!! Wait otherwise I expect you'll lose capital
  • #379,846
  • May 29, 2014 11:30pm May 29, 2014 11:30pm
If it does not break 1.66400? Double top?
  • #379,847
  • May 29, 2014 11:52pm May 29, 2014 11:52pm
Attached Image (click to enlarge)
Click to Enlarge Name: df.png Size: 103 KB
morning possible sell zones marked to target 65
  • #379,848
  • May 30, 2014 12:00am May 30, 2014 12:00am
Quoting bolehbah69
If it does not break 1.66400? Double top?

It will break 1.6740 too about 1.6758 then pullback too 1.6740 and goo too 1.676769 then short and extreme lows are 1.6639 today.. expect that area to hold and push back Monday too low 1.67 area before re shorting lower, bear in mind NFP is next week Friday so may get a slow week, price may not reach 2nd targets on many things
  • #379,849
  • May 30, 2014 12:07am May 30, 2014 12:07am
Quoting RussJ
{quote} It will break 1.6740 too about 1.6758 then pullback too 1.6740 and goo too 1.676769 then short and extreme lows are 1.6639 today.. expect that area to hold and push back Monday too low 1.67 area before re shorting lower, bear in mind NFP is next week Friday so may get a slow week, price may not reach 2nd targets on many things
morning i have a scalp position looking at 750 to sell on the 4 hour that meets the 20 ema
  • #379,850
  • May 30, 2014 12:39am May 30, 2014 12:39am
looking to scalp myself at 16741/37 uptoo 1.6767/69 but I will await the pullback off 1.6755/56 level then will just prob enter at 1.6740 for 25 - 27 pips then will be adding shorts at 1.6767/69 targeting 1.6450 but will intraday scale at 1.6640 if we get there today (am wondering as nfp Friday so may end up being slow and reach only one of the other targets like 1.6670/60 but I think today it will break so will only scale at 1.6640, if it doesn;t get there today then it will break Monday) in my opinion of course
  • #379,851
  • May 30, 2014 12:43am May 30, 2014 12:43am
Quoting elbert3
{quote} morning i have a scalp position looking at 750 to sell on the 4 hour that meets the 20 ema
Elbert assume you mean 16750??? where are you looking to scalp too??? surely you would be best to hold it for the swing trade???? like I said I will scalp up at 16740 on a break of R1 and after it retraces of mid 50's back to 40 then I will look for the 25 pip scalp to R2 then short for swing and more swings short but that's my plan,taking the swing off 1.6767/69..
  • #379,852
  • May 30, 2014 12:45am May 30, 2014 12:45am
1.6760 today?
Come with me if you want to live....
  • #379,853
  • May 30, 2014 1:14am May 30, 2014 1:14am
Quoting RussJ
{quote} Elbert assume you mean 16750??? where are you looking to scalp too??? surely you would be best to hold it for the swing trade???? like I said I will scalp up at 16740 on a break of R1 and after it retraces of mid 50's back to 40 then I will look for the 25 pip scalp to R2 then short for swing and more swings short but that's my plan,taking the swing off 1.6767/69..
i was in at 6718 i posted i little break out triangle last night i have just closed it for 19 pips, as it is countertrading now
  • #379,854
  • May 30, 2014 1:33am May 30, 2014 1:33am
Quoting elbert3
{quote} i was in at 6718 i posted i little break out triangle last night i have just closed it for 19 pips, as it is countertrading now

I'm long at 167.0 from yesterday.... scaled at 1.6740 and re loaded the long it at lows 1.6705 targeting 1.6767 just added/reloaded a sneaky one with low risk at 1.6735 just above the weekly pivot!! scalping it up same as you!!!! but closing all these longs around 1.6765/69 then short
  • #379,855
  • May 30, 2014 1:34am May 30, 2014 1:34am
here comes the oullback off 1.6758 I spoke of earlier, people get a chance now at 1.6740/37 to long up too 1.6767/69
  • #379,856
  • May 30, 2014 1:37am May 30, 2014 1:37am
here she comes...1.6743 pop one last time too 167.67/69 then game over and short
  • #379,857
  • May 30, 2014 2:07am May 30, 2014 2:07am
Quoting RussJ
here she comes...1.6743 pop one last time too 167.67/69 then game over and short
Uncle Russ
  • #379,858
  • May 30, 2014 2:30am May 30, 2014 2:30am
Entertaining PA

GU 4H


Attached Image


Just waiting for this bull to go away...

Attached Image
  • #379,859
  • May 30, 2014 2:50am May 30, 2014 2:50am
The initial signal for correction or reversal intact with pressure to down to the initial bear targets also, weekend movements slows down or more time pass here & if ew analysis of limit up for down 6782 broken then then further correction up likely, otherwise price continue stay down clearing doubts about weekly & monthly break through candle for down for greater intention for correction down.

break down 6738 + 20 will give initial signal up failure now to down the target .

lets see what last till the end today . anyway care in all directions .
same thing with eu & gold also but targets down still keeping intact .
Post London open few hours will be decision making perhaps .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 29 KB
Click to Enlarge Name: gbpusdm15.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #379,860
  • May 30, 2014 2:52am May 30, 2014 2:52am
Quoting JimmyC
Entertaining PA GU 4H {image} Just waiting for this bull to go away... {image}

looks like it broke 1.6740 and gonna break the "line chart" resistance at 1.6750. Once it breaks it, it's a reversal for 4H chart that could reach up to 1.6830 levels The best move now is to square since it's friday.
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