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Cable Update (GBPUSD)

  • #413,821
  • Apr 22, 2015 10:13am Apr 22, 2015 10:13am
Quoting Idkurv
{quote} GCAD Closed my Long. Open Short TP 1.838
GCAD
Reload Short at 1.844sh
SL 1.847
TP 1.838 1.836 1.8325
Will see.
  • #413,822
  • Apr 22, 2015 11:28am Apr 22, 2015 11:28am
torn between taking a long to 1.5200 or waiting to short from 1.5200 if and when price gets there. a positive data tomorrow could push it further up. my bigger plan is to short GU just as uk elections approach
  • #413,823
  • Apr 22, 2015 12:26pm Apr 22, 2015 12:26pm
Quoting mamalujo
torn between taking a long to 1.5200 or waiting to short from 1.5200 if and when price gets there. a positive data tomorrow could push it further up. my bigger plan is to short GU just as uk elections approach
It will be better if you can pushed to 15100 of 15160 so I think and finish wave 5
  • #413,824
  • Apr 22, 2015 12:35pm Apr 22, 2015 12:35pm
its in a bit of a stall emas say long but getting flat ???
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that 23%seems to be the stop for now , but then it could burst through
  • #413,825
  • Apr 22, 2015 12:41pm Apr 22, 2015 12:41pm
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interesting where the day stopped for now
  • #413,826
  • Apr 22, 2015 12:41pm Apr 22, 2015 12:41pm
Seems like it's fighting the 4/17/15 high at 1.5040-1.5060. If we can't break through and then I'm feeling a retreat until more news comes tomorrow. Maybe to 1.49xx? I don't know...bad trade after bad trade. Getting worn out and it's only mid-week.
  • #413,827
  • Apr 22, 2015 12:47pm Apr 22, 2015 12:47pm
Quoting SigmaEnigma
Seems like it's fighting the 4/17/15 high at 1.5040-1.5060. If we can't break through and then I'm feeling a retreat until more news comes tomorrow. Maybe to 1.49xx? I don't know...bad trade after bad trade. Getting worn out and it's only mid-week.
yes it might need to reload just gone short at 40 sl 48,with a long on the top of it
  • #413,828
  • Apr 22, 2015 1:02pm Apr 22, 2015 1:02pm
Quoting elbert3
{quote} yes it might need to reload just gone short at 40 sl 48,with a long on the top of it
Where is your TP on the short? Just curious.
  • #413,829
  • Apr 22, 2015 1:07pm Apr 22, 2015 1:07pm
Quoting SigmaEnigma
{quote} Where is your TP on the short? Just curious.
looks like it could be over,, alll that time waiting,, 4967 was a target to go long again but,,,but,?? lest see if it shakes out
  • #413,830
  • Apr 22, 2015 1:47pm Apr 22, 2015 1:47pm
Quoting FunkThatPunk
{quote} What a nice buy day :-) {image}
GREEN buy... RED sell...

I took a small profit on that move, should have stayed in it... but had to leave work and did not want to leave the trade open... but should have... still a buy day.

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  • #413,831
  • Apr 22, 2015 2:01pm Apr 22, 2015 2:01pm
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50% Fib Retrace!!!
  • #413,832
  • Apr 22, 2015 2:28pm Apr 22, 2015 2:28pm
Quoting elbert3
{quote} looks like it could be over,, alll that time waiting,, 4967 was a target to go long again but,,,but,?? lest see if it shakes out
On a personal note HIGHER brucie ..
Attached Image
  • #413,833
  • Apr 22, 2015 11:40pm Apr 22, 2015 11:40pm
Thought this was interesting: "Where To Sell The British Pound"

http://www.investing.com/analysis/wh...h-pound-249342
  • #413,834
  • Apr 23, 2015 12:33am Apr 23, 2015 12:33am
Quoting SigmaEnigma
Thought this was interesting: "Where To Sell The British Pound" http://www.investing.com/analysis/wh...h-pound-249342
Everywhere?
  • #413,835
  • Apr 23, 2015 12:54am Apr 23, 2015 12:54am
Quoting sakisf
{quote} Everywhere?
Well, yes haha you could do that. But the comparison to the 2010 was interesting (to me, at least) in that the market is moving in somewhat similar fashion. The article gives a range where the ideal sell-zone may exist come the 7th. Just sharing thoughts.
  • #413,836
  • Apr 23, 2015 12:55am Apr 23, 2015 12:55am
Quoting SigmaEnigma
Thought this was interesting: "Where To Sell The British Pound" http://www.investing.com/analysis/wh...h-pound-249342
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thats a target 5120 ,,
  • #413,837
  • Apr 23, 2015 1:49am Apr 23, 2015 1:49am
Quoting elbert3
{quote} yes it might need to reload just gone short at 40 sl 48,with a long on the top of it
that me at 5000 , lets see where now 5013 ish , to test i think
  • #413,838
  • Apr 23, 2015 1:51am Apr 23, 2015 1:51am
Quoting SigmaEnigma
{quote} Well, yes haha you could do that. But the comparison to the 2010 was interesting (to me, at least) in that the market is moving in somewhat similar fashion. The article gives a range where the ideal sell-zone may exist come the 7th. Just sharing thoughts.
"However sterling soared because policymakers expressed concerns that recent moves in the currency could cause inflation to rise faster."

As in previous talks by the BoE members, they meant that weakening of the GBP against USD & EUR would allow inflation to rise faster, not the other way around. So by strengthening it in the spot market against the others would only further postpone the rate rise. Anyway if you can afford a 200-250 pip stop, it's a good R:R sell here, like 4:1 if you target 1.42.

DXY seems ready to attack 100 again after this pullback and no LL below 96.50. Would only scalp long but from 100 pips lower, not here.
  • #413,839
  • Apr 23, 2015 2:28am Apr 23, 2015 2:28am
long over 5000 order to 5120
  • #413,840
  • Apr 23, 2015 2:32am Apr 23, 2015 2:32am
Quoting elbert3
long over 5000 order to 5120
Cross check and doors to manual Capitano ...
Runway in sight
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