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Cable Update (GBPUSD)

  • #411,261
  • Mar 11, 2015 7:54am Mar 11, 2015 7:54am
still hold hold hold
  • #411,262
  • Mar 11, 2015 8:00am Mar 11, 2015 8:00am
Aggresive sellers. Potential short move :

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Money moves the market, not an indicator.
  • #411,263
  • Mar 11, 2015 8:18am Mar 11, 2015 8:18am
BUMMM
  • #411,264
  • Edited 8:54am Mar 11, 2015 8:21am | Edited 8:54am
Let's see for 2 & 3 now. 1.4990 & 1.4950. If anything goes wrong, then back to 1.51 for re-shorting

Elbert's order @1.5005 turned the tide
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  • #411,265
  • Mar 11, 2015 8:45am Mar 11, 2015 8:45am
There is no doubt prices are 'stretched' but the biggest trap traders can fall into is saying 'prices must reverse' only to continue.

Phases like this requires patience and if you decide to trade with the trend go in light and look to add in to your position. If a reversal does occur it will happen quickly and cause damage to those who entered full positions.

A good target is 1.4930 on a break below 1.5022
  • #411,266
  • Mar 11, 2015 9:06am Mar 11, 2015 9:06am
Quoting Dano12
BUMMM
now now,,
  • #411,267
  • Mar 11, 2015 9:09am Mar 11, 2015 9:09am
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Attachment
  • #411,268
  • Mar 11, 2015 9:15am Mar 11, 2015 9:15am
N. 2 gone. Now it needs to beat that 1.4990 again even for a pip and long stops will start collapsing, accelerating the move.
  • #411,269
  • Mar 11, 2015 9:16am Mar 11, 2015 9:16am
GBPUSD is in the midst of a down ward breakout , be very careful
All posts are my personal opinion
  • #411,270
  • Mar 11, 2015 9:18am Mar 11, 2015 9:18am
Quoting elbert3
{quote} now now,,
she is heavy ... a heavy lady ...
Fix up, trade sharp ...
  • #411,271
  • Mar 11, 2015 9:23am Mar 11, 2015 9:23am
Quoting Kajos2250
{quote} GU H8 GMT+2 I think the decision was not born yet. Previous pinbar is at the wrong place for bulls by my opinion, likely the YPS1 will be hit again. Wait more candle close, until stay in short... Good luck! {image}
GU H8 GMT+2

bearish engulfing, yearly PS1 under testing, another sell limit .5028 placed...

good luck!
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Anything is math!
  • #411,272
  • Mar 11, 2015 9:23am Mar 11, 2015 9:23am
Heading to target n.3. Consolidation there, hopefully some pullback to 1.4990-1.49996 for further shorting.

SL's to 1.5010 (always adjustable bit higher though in case of spikes).

If G/J 181.50 goes, then GU can head to <1.49 sooner.
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  • #411,273
  • Mar 11, 2015 9:34am Mar 11, 2015 9:34am
Quoting elbert3
{quote} now now,,
Thank you very much, proposes see weekly candles
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  • #411,274
  • Mar 11, 2015 9:36am Mar 11, 2015 9:36am
Quoting Hickson
{quote} she is heavy ... a heavy lady ...
yes remember this mornings plan shhh dont tell dano
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  • #411,275
  • Mar 11, 2015 9:36am Mar 11, 2015 9:36am
Quoting elbert3
{quote} yes remember this mornings plan shhh dont tell dano {image}
but we managed our risk to keep losses small.
Fix up, trade sharp ...
  • #411,276
  • Mar 11, 2015 9:39am Mar 11, 2015 9:39am
Quoting Dano12
{quote} Thank you very much, proposes see weekly candles {image}
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1st tl coming up
  • #411,277
  • Mar 11, 2015 9:42am Mar 11, 2015 9:42am
Should things go well, next targets, 1.4780 and then 1.4550. Still waiting for n.3 to be hit @1.4950. Above 1.51 again then plan is scrapped.

181.50 ready to be taken down in G/J.
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  • #411,278
  • Mar 11, 2015 9:44am Mar 11, 2015 9:44am
Quoting Hickson
{quote} but we managed our risk to keep losses small.
yes i lost two higher trades while out i would of changed it if i was sitting here , one had to go with the 5000 gone i did think there would of been defense there i had 5 lots at 5005 and swapped out 4993 just off at 60 careful not to get ticked like this morning
  • #411,279
  • Mar 11, 2015 9:51am Mar 11, 2015 9:51am
4946 could be long trade gdp estimate in 10 mins might be a catalysis , potential doji on eur 4hour now, will it change
  • #411,280
  • Mar 11, 2015 9:53am Mar 11, 2015 9:53am
Quoting elbert3
{quote} yes i lost two higher trades while out i would of changed it if i was sitting here , one had to go with the 5000 gone i did think there would of been defense there i had 5 lots at 5005 and swapped out 4993 just off at 60 careful not to get ticked like this morning
I am sure you will repair those soon mate!
Fix up, trade sharp ...
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