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Cable Update (GBPUSD)

  • #410,361
  • Feb 26, 2015 3:37am Feb 26, 2015 3:37am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 45 KB


I think i will have a quick in and out by selling GBP. Wont keep the position opened over weekend.
  • #410,362
  • Feb 26, 2015 3:39am Feb 26, 2015 3:39am
this data is not so good whichever angle you look at. It won't surprise me if gdp is revised downwards in the 2nd print. target still remains 1.52 and below possibly to 1.48
  • #410,363
  • Feb 26, 2015 4:15am Feb 26, 2015 4:15am
Quoting giveachance
this data is not so good whichever angle you look at. It won't surprise me if gdp is revised downwards in the 2nd print. target still remains 1.52 and below possibly to 1.48
GC morning ,, that would send the trend bearish, we are mid 23 and 38% from the 1700 area 5475 is the main support for me,, regards Billy
  • #410,364
  • Feb 26, 2015 4:17am Feb 26, 2015 4:17am
Long ga tp 972, sl 963
  • #410,365
  • Feb 26, 2015 4:31am Feb 26, 2015 4:31am
stop 100
1.55347
BUY
1.55365
Stake
Stop
([COLOR=#EC174A !important]–[/color]/[COLOR=#0076C0 !important]–[/color])
Guaranteed Stop
Set Trailing Stop
Limit
([COLOR=#EC174A !important]1.53687[/color]/[COLOR=#0076C0 !important]1.57025[/color])P/L £[COLOR=#0076C0 !important]16,766.00[/color]
  • #410,366
  • Edited 5:10am Feb 26, 2015 5:00am | Edited 5:10am
Looks like sideways till US data. Short term lower low below 1552 should give us some room to reach 1550 before market decides end of correction or resumption of downtrend.

Edit: We also have Dollar Index at triangle bottom trend line. That should provide relative support. If broken will send us down another leg, but if rejected and bounce we will see dollar going up to a triangle top trend line that's not that far. Conclusion is we should see substantial movement from a slacking USD soon.
Luck shines on the positive.
  • #410,367
  • Feb 26, 2015 5:21am Feb 26, 2015 5:21am
Trendline in red adhered to, lets see if it breaks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
Luck shines on the positive.
  • #410,368
  • Feb 26, 2015 5:51am Feb 26, 2015 5:51am
Quoting YvetteTeo
Trendline in red adhered to, lets see if it breaks. {image}
Able to occur to break the opening of the NY market. sold in 1.5522
  • #410,369
  • Feb 26, 2015 5:56am Feb 26, 2015 5:56am
Quoting Idkurv
Long ga tp 972, sl 963
I forgot to place sl in my trade!
so it is still open.
I add long.
risky trade.
  • #410,370
  • Feb 26, 2015 5:59am Feb 26, 2015 5:59am
Quoting YvetteTeo
Trendline in red adhered to, lets see if it breaks. {image}
Im not sure if im correct with the drawing but my TL already on H1 broken down . Still in my shorts.

Many green pips

Regards T
Attached Image (click to enlarge)
Click to Enlarge Name: tl.jpg Size: 103 KB
Many green pips guys
  • #410,371
  • Feb 26, 2015 6:06am Feb 26, 2015 6:06am
Quoting TomTheTrader
{quote} Im not sure if im correct with the drawing but my TL already on H1 broken down . Still in my shorts. Many green pips Regards T {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 57 KB
that is how i see it now
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 61 KB
and i just bought 2 nd touch 5513 and possible 1.550
  • #410,372
  • Feb 26, 2015 6:11am Feb 26, 2015 6:11am
5 month simple moving average has been tested.. it might resume its trend now..
  • #410,373
  • Feb 26, 2015 6:24am Feb 26, 2015 6:24am
Quoting elbert3
{quote} {image} that is how i see it now {image} and i just bought 2 nd touch 5513 and possible 1.550
Hey B,



Quoting elbert3
{quote} lol robin retest 55{image} buy the dip regards B
The world you desire can be won. It exists.. it is real.. it is possible..
  • #410,374
  • Feb 26, 2015 6:30am Feb 26, 2015 6:30am
1.5500 first, then 1.5480. Today, the the pair had a range of just 45 pips. It has to extend its range.

So, bounce at 1.5500 to 1.5470 or drop from 1.5500 to 1.5480 and below.
Intraday only.
  • #410,375
  • Feb 26, 2015 6:40am Feb 26, 2015 6:40am
seems like 1.5500 is a strong support... still can't break down
  • #410,376
  • Feb 26, 2015 6:40am Feb 26, 2015 6:40am
Quoting TomTheTrader
{quote} Im not sure if im correct with the drawing but my TL already on H1 broken down . Still in my shorts. Many green pips Regards T {image}
Yup, now it's definitely broken, not by candlewick but full candles. Looks set to receive US data.

Many green pips to you too.
Luck shines on the positive.
  • #410,377
  • Feb 26, 2015 6:41am Feb 26, 2015 6:41am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 197 KB
  • #410,378
  • Feb 26, 2015 6:45am Feb 26, 2015 6:45am
Quoting Dano12
{image}
Yeah, break of 5480 is needed for this to happen. And end of day candle too.
Intraday only.
  • #410,379
  • Feb 26, 2015 6:45am Feb 26, 2015 6:45am
Quoting Dano12
{image}
Lots of short term supports to bulldoze through!
Luck shines on the positive.
  • #410,380
  • Feb 26, 2015 6:50am Feb 26, 2015 6:50am
On the break of ascending trend-line support, the GU is likely to re-test 1.5465 support level. However, US details are crucial to determine pair's decline.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB
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