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Cable Update (GBPUSD)

  • #407,621
  • Feb 2, 2015 3:58am Feb 2, 2015 3:58am
retest - not passed resistances
  • #407,622
  • Feb 2, 2015 3:59am Feb 2, 2015 3:59am
a big spike move to 1.51 and then within 15 mins a strong drop back to 1.5030.
  • #407,623
  • Feb 2, 2015 4:15am Feb 2, 2015 4:15am
Quoting singth
Anyone else short on the gbpusd at around 1.509? I see confluence around this area with a 30 point stop loss and 90 point profit target, although saying that if price closes above 1.51 then ill be tempted to close.. good r/r on this {image}
Closed this trade at 1.5010 for an 80 point profit.. solid
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd finish.JPG Size: 138 KB
  • #407,624
  • Feb 2, 2015 4:27am Feb 2, 2015 4:27am
try long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 163 KB
Click to Enlarge Name: GBPUSD_D1.gif Size: 152 KB
  • #407,625
  • Feb 2, 2015 4:54am Feb 2, 2015 4:54am
In terms of divergence price and stochastic making low lows so possibly seeing another go at 15000 pretty soon?
  • #407,626
  • Feb 2, 2015 5:33am Feb 2, 2015 5:33am
Quoting ckwong622
a big spike move to 1.51 and then within 15 mins a strong drop back to 1.5030.
As the only data out is positive for GBP and there's nothing out for USD to correspond to does anyone have any ideas or explanations for this big move ?
  • #407,627
  • Feb 2, 2015 5:57am Feb 2, 2015 5:57am
Quoting MarkyB
{quote} As the only data out is positive for GBP and there's nothing out for USD to correspond to does anyone have any ideas or explanations for this big move ?
Think in terms of logic not being so logical.. ;-)
  • #407,628
  • Feb 2, 2015 6:01am Feb 2, 2015 6:01am
Quoting Spudforex
{quote} Think in terms of logic not being so logical.. ;-)
I think I should dispense with logic entirely :-;
  • #407,629
  • Feb 2, 2015 6:04am Feb 2, 2015 6:04am
Quoting MarkyB
{quote} I think I should dispense with logic entirely :-;
Maybe perhaps look at a higher time frame than the one your currently using.. just a thought.
  • #407,630
  • Feb 2, 2015 6:09am Feb 2, 2015 6:09am
despite good data , cable is easing down , in my book 1.5000 is the target in this zone , any breakthrough would trigger a selloff to test the lows .
Get Rich or Die Tryin
  • #407,631
  • Feb 2, 2015 6:15am Feb 2, 2015 6:15am
Quoting Spudforex
{quote} Maybe perhaps look at a higher time frame than the one your currently using.. just a thought.
Thanks for the pointer - much appreciated
  • #407,632
  • Feb 2, 2015 6:26am Feb 2, 2015 6:26am
Quoting MarkyB
{quote} Thanks for the pointer - much appreciated
ONE thing .. and even i am not right all the time but if u look at this chart then judge for yourself.

Daily chart you will see that we are in a down trend and have been since early July of last year .. but it will turn and it appears not to be that far away.
Spud
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfx-d1-vayton-holdings-limited-2.png Size: 106 KB
  • #407,633
  • Feb 2, 2015 6:30am Feb 2, 2015 6:30am
Quoting singth
{quote} Closed this trade at 1.5010 for an 80 point profit.. solid {image}
  • #407,634
  • Feb 2, 2015 6:34am Feb 2, 2015 6:34am
Quoting Spudforex
{quote} ONE thing .. and even i am not right all the time but if u look at this chart then judge for yourself. Daily chart you will see that we are in a down trend and have been since early July of last year .. but it will turn and it appears not to be that far away. Spud {image}
I see what you mean......I confess I have become a bit hypnotised by the shorter time frame charts ! Still learning - thanks for your advice :-)
  • #407,635
  • Feb 2, 2015 6:53am Feb 2, 2015 6:53am
Tweezers bottoms, stochastic starting to move out of oversold. Maybe the 15000 level won't go during the London session if at all today
Attached Image
  • #407,636
  • Feb 2, 2015 7:28am Feb 2, 2015 7:28am
waiting for the US ISM PMI Macro
  • #407,637
  • Feb 2, 2015 8:01am Feb 2, 2015 8:01am
GBPUSD inside4hrtf range 1.5250 to 1.5000
250 pips range... no new high....
4H bearish pressure.. and D1 also bearish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH402022.png Size: 33 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 34 KB
  • #407,638
  • Feb 2, 2015 8:11am Feb 2, 2015 8:11am
and M1 today range failure to going high, price now below the opening price...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 32 KB
  • #407,639
  • Feb 2, 2015 8:55am Feb 2, 2015 8:55am
nice long
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1...gif Size: 164 KB
  • #407,640
  • Feb 2, 2015 9:55am Feb 2, 2015 9:55am
Still in a strong down trend and the DX is still in a strong up trend.


speedy123
Attached Image (click to enlarge)
Click to Enlarge Name: Cable-USDX-30-1-2015.png Size: 51 KB
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