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Cable Update (GBPUSD)

  • #411,621
  • Mar 17, 2015 8:05am Mar 17, 2015 8:05am
Quoting digger1
{quote} looking like it so far ha, what I have left stops are in the money, the ole gbp may fall asleep now till later on , , got a good short off on the euro again see if it will get back thru the weekly pivot , at any rate a few shekels to add to the John Deere kitty lol
if so watch 4705 ish ??
  • #411,622
  • Edited 8:26am Mar 17, 2015 8:10am | Edited 8:26am
E/G has another ~30 pips to go before reversing. Either a big EU drop (most probable) or finally GU would gather its pieces and move its ass back to 1.48 (needs to hit first 1.47 for .7230). 1.0630-1.47.

Stops in blue rectangle for E/G. Expecting more GU downside.
Attached Image (click to enlarge)
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  • #411,623
  • Mar 17, 2015 8:15am Mar 17, 2015 8:15am
Quoting elbert3
{quote} if so watch 4705 ish ??
Don't know if the conviction is there to push it that far down , see what happens around option expiry time , really thinking this is just gonna start chopping up as we get closer to tomorrow , added a few back on 1.4755 tgting 1.48 . been fun man , got to run again trade safe
  • #411,624
  • Mar 17, 2015 8:23am Mar 17, 2015 8:23am
,
Quoting elbert3
{quote} if so watch 4705 ish ??
you may be right , those didn't make it lol. bbl
  • #411,625
  • Mar 17, 2015 8:32am Mar 17, 2015 8:32am
At what point does short GU become a pavlovian, reflexive, circular-logic trade? It has been nearly straight down since last July. Markets seem to want to price an entire rate rise cycle into the USD even while the Fed is badly missing its inflation target. Short GU into this Fed meeting could be deadly.
  • #411,626
  • Mar 17, 2015 8:49am Mar 17, 2015 8:49am
Quoting DubaiFX
able is Heading towards 1.4715 shorts placed waiting for target to hit. good luck guys, believe me i am hardly wrong. wish you guys all the best and on 18th March i will place long positions but for now i am lloing for short target of 75 pips.
Closed at 1.4735 +60 pips enough for now.
not sure 1.4710 ill break or not if it did then 1.4560 will be nest and if it holds then 1.50 will be in the plate.

anyways just placed Long in GBPJPY at 178.65 first target 179.10 second 179.8 lets see how this one goes.
Good Luck Guys.
Don't compare your Trades with Others
  • #411,627
  • Mar 17, 2015 8:53am Mar 17, 2015 8:53am
Quoting DubaiFX
{quote} Closed at 1.4735 +60 pips enough for now. not sure 1.4710 ill break or not if it did then 1.4560 will be nest and if it holds then 1.50 will be in the plate. anyways just placed Long in GBPJPY at 178.65 first target 179.10 second 179.8 lets see how this one goes. Good Luck Guys.
Attached Image (click to enlarge)
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same here doji on that line flip in longs scalping mode , well done
  • #411,628
  • Mar 17, 2015 9:13am Mar 17, 2015 9:13am
testing Resistance plan both ways
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  • #411,629
  • Mar 17, 2015 9:25am Mar 17, 2015 9:25am
Finally got out of NU shorts Now GU, short here or wait? Might not have another chance at this hourly high caused by Gold.

Shorted @1.4769, sl 1.4808, tp 1.4690.
  • #411,630
  • Mar 17, 2015 10:30am Mar 17, 2015 10:30am
last trade today , its been like a yoyo,, just get the recoil right,, ,,
  • #411,631
  • Mar 17, 2015 10:44am Mar 17, 2015 10:44am
This might be a good speculation.
Attached Image (click to enlarge)
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do not forget to sleep
  • #411,632
  • Mar 17, 2015 11:25am Mar 17, 2015 11:25am
Quoting sakisf
{quote} Nope, opened two more shorts when I saw it coming on 1.48 and closed them earlier @1.4775. I am only doing small - short term positions on GU as I am now tending on my NU shorts, waiting for it to drop 3 days now to get out A close below 1.4730 today and we will see bulls again @1.4550 or about there. {image}
It is very annoying when this happens. Countless times I played it out of the market because of it, broke real already has it. The price goes up to about 3 pips beyond the stop and returns. I closed my earlier position, yesterday I opened one and went to do other things, it was positive but the market turned very strong and I was stopped at a loss, recovered a bit now. I have to get colder blood to carry it beyond 30 pips positive that has been what stand
  • #411,633
  • Mar 17, 2015 11:31am Mar 17, 2015 11:31am
Oh well, 1.4805 was DPP, it can't just touch it and leave. So initially my stops are imaginary. When the move plays out, the hard ones are set. As for letting them run, I think we are all like that. Watching 1.4730 for the closing now.
  • #411,634
  • Mar 17, 2015 12:49pm Mar 17, 2015 12:49pm
GBP/USD trading now in a range between 1.4852 to 1.4698. A double zig zag pattern took place from 1.5551. The pound could extend the low with a double zig zag extention, or continue with the correction up to fib levels. By now it is trading below weekly pivot. https://pbs.twimg.com/media/CASpgGTXIAAjZKS.jpg:large
  • #411,635
  • Mar 17, 2015 1:01pm Mar 17, 2015 1:01pm
waiting GBP NZD at WP
Scaled out higher entry. SL @BE

Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #411,636
  • Mar 17, 2015 1:12pm Mar 17, 2015 1:12pm
I would put tp there 400 pips higher. 1.4550/0.70.
  • #411,637
  • Mar 17, 2015 1:17pm Mar 17, 2015 1:17pm
Quoting sakisf
I would put tp there 400 pips higher. 1.4550/0.70.
you mean in GBPNZD? actually 1.455 is more than 500pips lower
anyway... no matter where it will go! i will be satisfied to see price covering my target near 2.03.

eventually, that will become my entry area later, maybe nxt month!
90% of traders use TA, indicators and prediction
  • #411,638
  • Mar 17, 2015 1:24pm Mar 17, 2015 1:24pm
Yes I meant GN. GU (=1.4550) / NU (=0.70) = GN 2.0785
  • #411,639
  • Mar 17, 2015 1:31pm Mar 17, 2015 1:31pm
Quoting sakisf
Yes I meant GN. GU (=1.4550) / NU (=0.70) = GN 2.0785
ah ok! didn't get it!

well: speaking in long term view... I guess GN has the opportunity to attemp the 2.1 breach during 2015!!
So basically the whole this area between 1.95 and 2.04 is strong buy area to me!
But i definetly prefer entry / exit for some 200-300 pips each trade rather than hold it aiming for larger targets.
GN is kind of crazy and gives A LOT of opportunities every week
90% of traders use TA, indicators and prediction
  • #411,640
  • Mar 17, 2015 1:36pm Mar 17, 2015 1:36pm
Quoting LouiseZA
{quote} Agree with you. From 18th will be looking to long!
looks like Pound may not break for 1.45 looks like it may be heading for 1.50 so i am going Long
bought 2 pairs,
GBPUSD and GBPJPY
GBPUSD Bought 1.4740 First Target: 1.4820 Second Target: 1.4910
GBPJPY Buy 178.65 but closed at 179.10 already,
now looking for 178.80-85 to buy again my targets will be First Target: 179.70 Second Target: 180.55
Wish me Luck.
with 1 Trade opened at 178.65 already in +50 pips. i mentioned it already in my past posts,

i am not trying to be hero or telling people i am Great Trader, i am just Sharing my Analysis and Trades.
Thank you.
wish me Luck.
Don't compare your Trades with Others
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