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Cable Update (GBPUSD)

  • #414,021
  • Apr 24, 2015 4:47am Apr 24, 2015 4:47am
Evening star on G/CHF.
  • #414,022
  • Apr 24, 2015 4:48am Apr 24, 2015 4:48am
Quoting elbert3
{image} targets spikes on the news thats it guys charted out,,, good they said,, see you later. mum said chart looks ok ???
Mum is a good trader ... r.i.p. mum ...
Fix up, trade sharp ...
  • #414,023
  • Apr 24, 2015 4:55am Apr 24, 2015 4:55am
Quoting sakisf
Depending on next hr, it may have found its top. DXY found some support too.
9556 on the dxy, thats the area that caused the huge break up , failure to make higher highs since then shows to me it need demand to push back up on the daily
  • #414,024
  • Apr 24, 2015 4:59am Apr 24, 2015 4:59am
Quoting iaveight
{quote} 9556 on the dxy, thats the area that caused the huge break up , failure to make higher highs since then shows to me it need demand to push back up on the daily
Can't short USD unless it makes a LL below there too. It's an H&S but it came back to the neckline. Would have to monitor from now on if it breaks down or it breaks the H&S.
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  • #414,025
  • Apr 24, 2015 5:27am Apr 24, 2015 5:27am
Quoting DubaiFX
{quote} nice work and YES you might be right but i have done Mistakes everyone does and Years Later those mistakes called EXPERIENCE and being in Forex for almost 9 years of survival i think i am LITTLE Experienced and this is forex brother, You are selling right?? so when you are selling there is always someone on the other side who Buy with same confidence, That is Fact. and i am playing both sides short term i am SELLING also when i see Good Opportunity and BUYING is my Long term plan as i said before i can be wrong but time will tell brother,...
[quote]Today's spike was good enough for me its Over bought in 1H and 30M chart that means 40-50 pips retrace is very likely.
anyways Enough Pound Long for Now.
i am talking a Break its Friday and i as always Friday can be Crazy and we have US news so i am going short for short term, selling at 1.5140 target 1.5080
and then i will wait for near or below 1.50 to start buying again.
Thank you.
Good Luck Guys.
Don't compare your Trades with Others
  • #414,026
  • Apr 24, 2015 5:32am Apr 24, 2015 5:32am
Quoting DubaiFX
{quote} as i said it is Going Up. and now i will wait for a drop to buy again. 1.4960 might be good for small buy.
well it didn't drop but my long were in play was hoping for a dip to buy another i already closed 2 positions 1 at 1.5060 and another at 1.5130 that is enough for now.
lets see what next week will do.
i am talking a break on Long GBPUSD its friday and always Friday can be Crazy.
and looking at US data it might happen so i am looking to sell at 1.5140 target 1.5080
Thank You.
Good Luck Guys wish you all the Best.
Don't compare your Trades with Others
  • #414,027
  • Apr 24, 2015 5:37am Apr 24, 2015 5:37am
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  • #414,028
  • Apr 24, 2015 5:58am Apr 24, 2015 5:58am
Oil up 10usd since beginning of the month and still USD has not lost that much of its power. Imagine what would happen if it starts declining again 1usd day by day.
  • #414,029
  • Apr 24, 2015 6:00am Apr 24, 2015 6:00am
In all my hard years of trading, I find forex can be very difficult for all of us who don't respect the basic rules. we are making higher highs on the daily chart which clearly indicates that gbp/usd is currently in an uptrend and would be wise to trade that way until price shows lower lowers. But the majority on this thread I see are on the short bandwagon then get upset at the pair when it keeps going up. Then again what do I know.
  • #414,030
  • Apr 24, 2015 6:07am Apr 24, 2015 6:07am
Quoting dami32
In all my hard years of trading, I find forex can be very difficult for all of us who don't respect the basic rules. we are making higher highs on the daily chart which clearly indicates that gbp/usd is currently in an uptrend and would be wise to trade that way until price shows lower lowers. But the majority on this thread I see are on the short bandwagon then get upset at the pair when it keeps going up. Then again what do I know.
Hope it's not mistaken (at least until 1.5165 is broken):
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  • #414,031
  • Apr 24, 2015 6:19am Apr 24, 2015 6:19am
Any ideas what to expect out of the Core Durable Good Orders? Will this send us 1.5160-1.5180 and beyond or is this the beginning of the down-trend?
  • #414,032
  • Apr 24, 2015 6:21am Apr 24, 2015 6:21am
Quoting dami32
In all my hard years of trading, I find forex can be very difficult for all of us who don't respect the basic rules. we are making higher highs on the daily chart which clearly indicates that gbp/usd is currently in an uptrend and would be wise to trade that way until price shows lower lowers. But the majority on this thread I see are on the short bandwagon then get upset at the pair when it keeps going up. Then again what do I know.
Yes, the billion dollar question- is it a major reversal, a shortterm reversal? or a mere pullback? whats the fundis and charts higher tf's like weekly showing, and very importantly how do we use our MM skills.. for me its just a better level to short (for now)..but i try not to marry a bias.. having said that though.. trends can go for years..
trading is a tricky business indeed. I think its all MM at the end of the day.. but i've only been at it a couple years.. consistent growth now.. but still unpredictable.
  • #414,033
  • Apr 24, 2015 6:40am Apr 24, 2015 6:40am
we don't know if its a major reversal or a short term reversal. all we know is that daily is making higher highs and higher lows. That's all I really need to know to decide which direction its CURRENTLY going. Next week might be lower lowers and lower highs for all we know, but to prevent loss you have to go with the trend at the moment. That's my two cents my forex brothers.
  • #414,034
  • Apr 24, 2015 6:42am Apr 24, 2015 6:42am
Look for some sellers around 1.5180...if price action is right around that level, I'll jump on the train and ride it down to take advantage of the big boys taking profit
Don't trade the noise
  • #414,035
  • Apr 24, 2015 6:43am Apr 24, 2015 6:43am
HINT: There's also a HUGE positive divergence on DAILY CHART. just plot slow stochastic on your chart and see for yourselves.
I think we will see 1.5250 by next week in no time. GL trading to all.
  • #414,036
  • Apr 24, 2015 6:59am Apr 24, 2015 6:59am
Quoting dami32
HINT: There's also a HUGE positive divergence on DAILY CHART. just plot slow stochastic on your chart and see for yourselves. I think we will see 1.5250 by next week in no time. GL trading to all.
Huge divergence on MACD as well, but the resistance may have the final say...
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  • #414,037
  • Apr 24, 2015 7:14am Apr 24, 2015 7:14am
Quoting joewrights
short sl 25 pips tp 50 pips long @ 1.50769 sl 20 pips tp 80 pips burning the candle at open price
Up by 80 pips from last nights trade, second trade still on to squeeze extra 20 pips, risk to reward was 5:1 am i just being a bit to greedy!
  • #414,038
  • Apr 24, 2015 7:14am Apr 24, 2015 7:14am
just back i was expecting 5080 but there you go still in sell trade sl down to my open now before new
  • #414,039
  • Apr 24, 2015 7:19am Apr 24, 2015 7:19am
looking for the cable to spike up as soon as new release before moving lower if its a negative result on the dollar, get them sell order in obv aswell as them stop losses's
  • #414,040
  • Apr 24, 2015 7:20am Apr 24, 2015 7:20am
Quoting joewrights
looking for the cable to spike up as soon as new release before moving lower if its a negative result on the dollar, get them sell order in obv aswell as them stop losses's
i was thinking sell 5080 long then ??
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