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Cable Update (GBPUSD)

  • #410,621
  • Edited 11:17am Feb 27, 2015 11:06am | Edited 11:17am
Yeah I know it's not now. Would probably close at 1.5420 if it doesn't get my SL. Don't wanna keep for long due to dentist apointment. But I am hoping it would go down to <1.5397 by the end of day to have a slightly bearish week so I can open new shorts next week.
edit: closed at 1.5428.

Now only a pending buy E/G at .7250 ready to be hit. Target .7315 for next week, SL at .7240
  • #410,622
  • Feb 27, 2015 11:11am Feb 27, 2015 11:11am
Quoting sakisf
Yeah I know it's not now. Would probably close at 1.5420 if it doesn't get my SL. Don't wanna keep for long due to dentist apointment. But I am hoping it would go down to <1.5397 by the end of day to have a slightly bearish week so I can open new shorts next week.
I do hope so too so I can close all my trades green and enjoy the weekend.
I really should stay away from the PC for awhile now.
Green pips everyone.
Luck shines on the positive.
  • #410,623
  • Feb 27, 2015 11:45am Feb 27, 2015 11:45am
I took 93 from cable today, she drove lovely.

Still lower to come Monday Tuesday.
Twitter handle @rjtn_fxtrades
  • #410,624
  • Feb 27, 2015 5:01pm Feb 27, 2015 5:01pm
simply inside candle it is not ,you can see it was very useful info even then ,


Quoting Bones
this is a significant change in sentiment ,piercing line is a high prob set up right where you want it , {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #410,625
  • Feb 27, 2015 5:24pm Feb 27, 2015 5:24pm
possible scenario
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 30 KB
  • #410,626
  • Feb 27, 2015 5:42pm Feb 27, 2015 5:42pm
Daily between a rock and a hard place but with bearish engulfing.

I like the weekly and close under the 23.6 fib on the retrace

Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 30 KB
Come with me if you want to live....
  • #410,627
  • Feb 27, 2015 6:04pm Feb 27, 2015 6:04pm
A smidge clearer

4hr sell off is hinting downside to me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 30 KB
Click to Enlarge Name: GBPUSDH41.png Size: 34 KB
Come with me if you want to live....
  • #410,628
  • Edited 6:41pm Feb 27, 2015 6:21pm | Edited 6:41pm
on the 2 month technically not a hammer open important , ,slow down previous 2 month ,but I guess we could say 3 crows prior not going to help for break
confirmation only price above 15588 ,channel makes sense
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 19 KB
Click to Enlarge Name: USD 2 (DFB).png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #410,629
  • Feb 27, 2015 7:08pm Feb 27, 2015 7:08pm
Quoting YvetteTeo
{quote} 1m and 15m. The biggest problem with scalping is knowing when to take a loss, and when to let your winnings roll. Once you get your money management mastered, scalping can be pretty rewarding. That and a broker with tight spreads or low commissions. Lol.

"I'm not good at scalping myself because I never know how to cut my losses. Scalps become swing, and that's usually disadvantageous.
"

sounds familiar and have been there and felt the stress too,extending unnecessary losses . needs discipline and self belief that there are rules to be strictly followed
  • #410,630
  • Feb 27, 2015 8:10pm Feb 27, 2015 8:10pm
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 531 KB
Come with me if you want to live....
  • #410,631
  • Feb 27, 2015 10:45pm Feb 27, 2015 10:45pm
what is your forecast for next week?
  • #410,632
  • Feb 28, 2015 12:47am Feb 28, 2015 12:47am
Quoting GrowthHack
Trading range for next week in day chart {image}
my last week forecast
https://charts.mql5.com/7/70/gbpusd-...ts-limited.png


what really happened
https://charts.mql5.com/7/133/gbpusd...ts-limited.png
  • #410,633
  • Feb 28, 2015 4:03am Feb 28, 2015 4:03am
On the h4 chart, by having the shark and bat harmonic patterns formed a reversal is in sight. If the situation continues, we will have more drops coming in the market.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD.gif Size: 89 KB
  • #410,634
  • Feb 28, 2015 4:17am Feb 28, 2015 4:17am
Quoting Bones
on the 2 month technically not a hammer open important , ,slow down previous 2 month ,but I guess we could say 3 crows prior not going to help for break confirmation only price above 15588 ,channel makes sense {image} {image}
If you see that candles in low timeframes, next movement is normally retest low. Only if down less half shadow candle before start go up you can think in possible swing...
Try don't lose pants never...
  • #410,635
  • Edited 5:13am Feb 28, 2015 4:57am | Edited 5:13am
$ is ready for retrace I think highly overbrought ,I doubt under 15200 ,for some time ,even eu as long as support holds ,think about how high bulls made it on the end of that cable from solid area
gbp lfx over large round number ,and to be honest has surprised me to do that

Quoting braintheboss
{quote} If you see that candles in low timeframes, next movement is normally retest low. Only if down less half shadow candle before start go up you can think in possible swing...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 27 KB
Click to Enlarge Name: USDLFXMonthly.png Size: 6 KB
Click to Enlarge Name: GBPLFXMonthly.png Size: 6 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #410,636
  • Feb 28, 2015 5:01am Feb 28, 2015 5:01am
don't under estimate the power of this pattern in this location ,its high probability
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #410,637
  • Feb 28, 2015 5:09am Feb 28, 2015 5:09am
therefore that outside candle treat with caution as not a top ,it has no confirmation ,and single candle
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #410,638
  • Feb 28, 2015 6:19am Feb 28, 2015 6:19am
With channel break, close below 61.8 fib, record money flows OUT of European banks and negative interest rates being all the rage, I'm thinking euro to parity next fib support.
It's late here, off to bed.
Have a great weekend guys.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 29 KB
Click to Enlarge Name: EURUSDMonthly8.png Size: 32 KB
Click to Enlarge Name: EURUSDMonthly11.png Size: 31 KB
Come with me if you want to live....
  • #410,639
  • Feb 28, 2015 11:35am Feb 28, 2015 11:35am
Quoting Bones
therefore that outside candle treat with caution as not a top ,it has no confirmation ,and single candle {image}
In smaller time Frame. 4hr, it is set to go lower ?
Intraday only.
  • #410,640
  • Feb 28, 2015 12:41pm Feb 28, 2015 12:41pm
Hi Guys just a quick look in before we go out,, waiting for the ladies have a look at last Sundays did not go past the main support line and hit the targets ,, post charts when back on sunday,,gl regards E http://www.forexfactory.com/showthre...378&page=20485
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