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Cable Update (GBPUSD)

  • #412,461
  • Mar 26, 2015 10:42am Mar 26, 2015 10:42am
Quoting elbert3
{quote} Thanks sorry about your loss, you would think all green news then 1500 plus, hence a sill big lot entry,, the crazy thing is you watch it hit resistance at 4940 and i still went long,, i need to psychologically evaluate my thinking any entry now will be pulled at entry untill i find the right one ,regards
yes ,, i will be thinking of this as i pick the wife up, trades set
  • #412,462
  • Mar 26, 2015 10:44am Mar 26, 2015 10:44am
Man, I missed all the fun this morning...This thing can't seem to break down past 1.4850-1.4830 or break up past 1.4960ish. Every time it tries, there's a huge NOPE and then it's off to the races in the opposite direction. It feels like there's pressure building under 1.500 and when it goes it's going to go hard one way or the other. I'm flat until one of these zones breaks and stays broken
  • #412,463
  • Mar 26, 2015 12:18pm Mar 26, 2015 12:18pm
Quoting sakisf
Flat on GU until it breaks below 1.49 again with sell stop @1.4890. Managed to sneak a long on U/Chf though As soon as / IF it overruns .9630 again then GU would drop a couple hundred pips. SL there @0.9378. {image}
The time has come.
  • #412,464
  • Mar 26, 2015 12:22pm Mar 26, 2015 12:22pm
100 pip up...
  • #412,465
  • Mar 26, 2015 1:00pm Mar 26, 2015 1:00pm
if analog check on SP500 EUR USD pull back soon if not EUR USD go to hell and gbp
Attached Image (click to enlarge)
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  • #412,466
  • Mar 26, 2015 1:04pm Mar 26, 2015 1:04pm
GBPUSD PA will head down to Demand Area @ 1.4750, and bounce
Attached Image (click to enlarge)
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  • #412,467
  • Mar 26, 2015 1:07pm Mar 26, 2015 1:07pm
Still stalking the GBP, initial short setup canceled. New potential short move seem to emerge :

Attached Image (click to enlarge)
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Money moves the market, not an indicator.
  • #412,468
  • Mar 26, 2015 1:18pm Mar 26, 2015 1:18pm
Quoting Dano12
if analog check on SP500 EUR USD pull back soon if not EUR USD go to hell and gbp {image}
???? big fake out i think,,if i am right can make a lot of money
  • #412,469
  • Mar 26, 2015 3:34pm Mar 26, 2015 3:34pm
Waiting to see the daily close on or above 1.4850 for a short-term long entry. Market is ranging between 1.4950-14982 so I'm not holding onto it for long. Not super solid.
  • #412,470
  • Mar 26, 2015 3:36pm Mar 26, 2015 3:36pm
Pound is having a tough time of it
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....
  • #412,471
  • Mar 26, 2015 5:27pm Mar 26, 2015 5:27pm
Quoting Kajos2250
{quote} GU H8 GMT+2 Sell limit triggered, nothing more changed... bearish engulfing is in process... Good luck! {image}
GU H8 GMT+2

nothing changed again, just beat one of short.
bearish engulfing, sell limit .4866
interesting wait asia...
next close maybe decide...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH8.png Size: 52 KB
Anything is math!
  • #412,472
  • Mar 26, 2015 7:55pm Mar 26, 2015 7:55pm
channel in Pink
intraday targets in red
lines in black

and everything else in between
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 36 KB
Come with me if you want to live....
  • #412,473
  • Mar 26, 2015 8:15pm Mar 26, 2015 8:15pm
Quoting Ill-b-back
channel in Pink intraday targets in red lines in black and everything else in between {image}
great chart, now I can see how the price playing inside the current channel. usually price break out in up or down in the 5th or 7th channel line touch 'hit'. now that we are at the bottom which is number 6 as I see it in your chart, then I anticipate a break out to the top... not sure though, but very possible.
  • #412,474
  • Mar 26, 2015 8:21pm Mar 26, 2015 8:21pm
Quoting FxMegaCB
{quote} great chart, now I can see how the price playing inside the current channel. usually price break out in up or down in the 5th or 7th channel line touch 'hit'. now that we are at the bottom which is number 6 as I see it in your chart, then I anticipate a break out to the top... not sure though, but very possible.
Thanks
Agreed, very possible.
Yellen may cause another spike like last week but personally I expect it would be another fake.

Weekly PA and the radically changed policy environment of the Fed from mid 2013 as well as the monthly inside bar, all tell me the odds are to the downside in the weeks ahead
Come with me if you want to live....
  • #412,475
  • Mar 26, 2015 8:36pm Mar 26, 2015 8:36pm
On the larger scale.


Essentially what I am thinking, is that now the market (after 6 long years) has managed to find uber sellers at uber resistance.

The market can start "trending" again rather than being "rangy".

It just makes sense to me.

The monthly breakout is fairly clear (although not closed yet)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 27 KB
Click to Enlarge Name: GBPUSDMonthly1.png Size: 35 KB
Come with me if you want to live....
  • #412,476
  • Mar 27, 2015 12:59am Mar 27, 2015 12:59am
Quoting Ill-b-back
{quote} Thanks Agreed, very possible. Yellen may cause another spike like last week but personally I expect it would be another fake. Weekly PA and the radically changed policy environment of the Fed from mid 2013 as well as the monthly inside bar, all tell me the odds are to the downside in the weeks ahead
Looking at daily USD Index, bullish.
  • #412,477
  • Mar 27, 2015 1:18am Mar 27, 2015 1:18am
It seems for me from daily chart it gonna resume it's down trend . Can someone enlighten me?
  • #412,478
  • Mar 27, 2015 1:20am Mar 27, 2015 1:20am
Looks nice on the daily. Need U/Chf to break .9680-.9705 today (my tp @1.02) and GU will find its way to 1.46xx.
  • #412,479
  • Mar 27, 2015 2:20am Mar 27, 2015 2:20am
closed all trades tonight.

cable @4860
gbp nzd took some pips 9570 to 9615

need to relax from charts
easy thing when in profits!

will pop up if i see an opp, but probably will wait quarterly candle to close. not a long wait tho!

green pips to everyone
90% of traders use TA, indicators and prediction
  • #412,480
  • Mar 27, 2015 2:59am Mar 27, 2015 2:59am
3 speeches by BoE members. Need 2 doves Day opened nicely. Will close some partials if London decides to go the other way.
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