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Cable Update (GBPUSD)

  • #409,261
  • Feb 18, 2015 5:07pm Feb 18, 2015 5:07pm
Quoting MaryAnne
{quote} U playing the crosses too? I will be looking for EURGBP shorts (longer term), and GJ shorts (short term) again. BTW, is this the Bearish Gartley pattern or something playing out? Ps: dont mean to spam but elbert and spud, where are u looking to reload longs from? 1.536x?
http://www.fxstreet.com/analysis/us-...is/2015/02/18/ SOMETHING I READ BEFORE
  • #409,262
  • Feb 18, 2015 5:11pm Feb 18, 2015 5:11pm
could be bearish doji ,long wick on h1 also,
Attached Image (click to enlarge)
Click to Enlarge Name: USD h4 (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #409,263
  • Feb 18, 2015 5:14pm Feb 18, 2015 5:14pm
Quoting Bones
could be bearish doji ,long wick on h1 also, {image}
Might be full up zone to 5530, this could bring in the monthly break out that was mentioned ,,i think it will have to range before that short trading might or could happen . do you not think
  • #409,264
  • Feb 18, 2015 5:18pm Feb 18, 2015 5:18pm
5432 has been hit on the 5 min chart,,this is the fill in off the big candle, but there is another if that number fails at 5376, so we look to them as support for now ,,
  • #409,265
  • Feb 18, 2015 5:22pm Feb 18, 2015 5:22pm
I don't know sounds right to consolidate here ,just that wedge sure looks pretty ending where you might think problems ,

Quoting elbert3
{quote} Might be full up zone to 5530, this could bring in the monthly break out that was mentioned ,,i think it will have to range before that short trading might or could happen . do you not think
Attached Image (click to enlarge)
Click to Enlarge Name: USD h12 wedge (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #409,266
  • Feb 18, 2015 5:33pm Feb 18, 2015 5:33pm
Quoting bones
i don't know sounds right to consolidate here ,just that wedge sure looks pretty ending where you might think problems , {quote} {image}
if you look on the chart ,left you see a old double bottom that did break,,will this become the stronger resistance ?? The 4 hour candle from what i can see broke over a tl so it will need to be filled.time wil tell,,night bones and all, regards e
  • #409,267
  • Feb 18, 2015 5:51pm Feb 18, 2015 5:51pm
Quoting MaryAnne
{quote} U playing the crosses too? I will be looking for EURGBP shorts (longer term), and GJ shorts (short term) again. BTW, is this the Bearish Gartley pattern or something playing out? Ps: dont mean to spam but elbert and spud, where are u looking to reload longs from? 1.536x?
I think I missed the top of GBP/AUD and GBP/NZD (unfortunately), so keeping an eye on GBP/CAD for a short. It used to be a nice pair to trade dynamically; it falls into ranges ... . But with oil prices and CAD rate cuts, it has yet to find a new range, although an argument could be made for between 1.9250 and 1.9 (short-term and plenty to work with).

I'm watching EUR/GBP, but it's oversold/at a historical bottom.

Still in my GBP/USD short, but I'm not particularly hopeful at this point ... . Don't see divergence on the Daily that would signal a reversal of the current uptrend, so I'm going to stand aside from that for a bit. I take multiple legs over time, and attempt to exit profitable on the net position, so I'm not particularly concerned it hasn't panned out yet ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #409,268
  • Feb 18, 2015 6:31pm Feb 18, 2015 6:31pm
Quoting Idkurv
{quote} 2.048 looks good too..
Gn tp hit
  • #409,269
  • Feb 18, 2015 6:34pm Feb 18, 2015 6:34pm
Quoting Idkurv
Long eurgbp tp 73950. for me it is risky as i do not believe in eur...
It was risky..and enter too early too..closed at 73850
  • #409,270
  • Feb 18, 2015 6:38pm Feb 18, 2015 6:38pm
could be right ,if focus is on upper wick rather and blue body

Quoting MaryAnne
{quote} Tbh my friend, there is NO real resistance until maybe 1.56x based on D1 chart so its possible further rise short term. If this thing goes down now, we would be considered "lucky". I still maintain the bearish position (longer term) on GBPUSD since the other pairs GBPJPY GBPAUD GBPNZD seem poised to fall further before next leg up... There is usually clues by studying other pairs. After the next fall tho, maybe time to start loading longs? Only time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD (DFB).png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #409,271
  • Feb 18, 2015 6:55pm Feb 18, 2015 6:55pm
i long

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1519feb.png Size: 54 KB
  • #409,272
  • Feb 18, 2015 7:03pm Feb 18, 2015 7:03pm
Quoting jasakreatif
i long {image}
My stop below 5410.
Intraday only.
  • #409,273
  • Edited 7:36pm Feb 18, 2015 7:24pm | Edited 7:36pm
there is two possibilities in this week

https://charts.mql5.com/7/50/gbpusd-...-limited-3.png
  • #409,274
  • Feb 18, 2015 7:34pm Feb 18, 2015 7:34pm
fight between overall down trend and recent up trend, today's unemployment claim's report forecast rumor may reject yesterday's up or yesterday's force may bring it to target 'a' ... anything will happen when London open or just after Tokyo close ....
  • #409,275
  • Feb 18, 2015 8:42pm Feb 18, 2015 8:42pm
Quoting Hickson
{quote} Well, if you understand that I was exactly pointing into that direction, it is not BS! Big lots on a few pips make money, another one has micro lots on a 200 pip runner. This is why cash makes cash. A million of 10 pips or 10 000 pips ... a bit of a difference trading wise. Because technically, trading 10 pips with 1 Lot or 100 Lot is the same.
  • #409,276
  • Feb 18, 2015 8:59pm Feb 18, 2015 8:59pm
Quoting jasakreatif
i long {image}
BE

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1519feb.png Size: 59 KB
  • #409,277
  • Feb 18, 2015 10:26pm Feb 18, 2015 10:26pm
it is failing miserably.I see it heading to 1.5350 again. good luck
  • #409,278
  • Feb 18, 2015 10:58pm Feb 18, 2015 10:58pm
Maybe another little pop up today/this week to complete the task.
Watching weekly close to suggest fall.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Click to Enlarge Name: GBPUSDH41.png Size: 33 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 31 KB
Click to Enlarge Name: GBPUSDWeekly1.png Size: 41 KB
Come with me if you want to live....
  • #409,279
  • Feb 18, 2015 11:00pm Feb 18, 2015 11:00pm
Quoting jasakreatif
{quote} BE {image}
small profit taken , short now

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1519feb.png Size: 45 KB
  • #409,280
  • Feb 18, 2015 11:18pm Feb 18, 2015 11:18pm
Quoting Bones
could be right ,if focus is on upper wick rather and blue body {quote} {image}

Aye yea Bones. Tbh that was my original sell zone (based on EMAs, fan, arc and other factors) tho I thought it would be unlikely to reach that fast and far given the huge drop in GU recently?

Man, did u know my EA fked up? did not close my GU sell @ 1.5167 for nfp week on this live account altho it closed on the other 6 accounts? I think it was server issues again! my other broker also with lmax also LP had errors. said "off quotes" when price didnt update at all for hours and i tried to close it manually I cant due to that error. my god, lmax sucks. the other brokers (not using lmax as LP) all had it closed smooth.

thats why i am in red DD now and just waiting for price to RT lower so I can get out at lower loss. if not, nm I still got the other accounts... but yes, if not for this, i would be building shorts actually .5460 to .56x zone so yes Spud and Elbert and others are right. we are approaching nice sell zones
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