Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#414,141
Apr 26, 2015 12:40am Apr 26, 2015 12:40am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

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at this time 4560 looks like support before any further break down, so price goes 1 straight to the top tl 2 price goes back to 5080,4987, support areas,then up 5325 tl a break below 4987 ish will take it back into the breakout and then look to the main support for any direction.

#414,142
Apr 26, 2015 12:45am Apr 26, 2015 12:45am

elbert3
Joined Dec 2013 | Status: Trader | 19,815 Posts

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looks like price has broke that 61% tonight might see gap up then back to retest that break, then it should go higher , look left Resistance is there on the day, in case we have false break out to catch you out,so on that day we have 100 ema tl and some resistance to the left,,,, so lets be careful out there,,regards B

#414,143
Apr 26, 2015 7:11am Apr 26, 2015 7:11am

Mr. Scott
Joined Dec 2012 | Status: Trader | 8,124 Posts

Quoting elbert3

Disliked

{image} looks like price has broke that 61% tonight might see gap up then back to retest that break, then it should go higher , look left Resistance is there on the day, in case we have false break out to catch you out,so on that day we have 100 ema tl and some resistance to the left,,,, so lets be careful out there,,regards B

Ignored

Hey B!

I have it, post, break it, hold onto it. Also see other.

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The world you desire can be won. It exists.. it is real.. it is possible..

#414,144
Apr 26, 2015 2:40pm Apr 26, 2015 2:40pm

joewrights
| Commercial User | Joined Mar 2015 | 42 Posts

hmmm looking to short at 1.522, waiting for a realistic break out to change to bullish targets

#414,145
Apr 26, 2015 4:57pm Apr 26, 2015 4:57pm

2012mysterio
| Joined Jan 2013 | Status: Trader | 778 Posts

Ima still bearish on GU for medium term. USD has risen alot the past 2 weeks.
GU fundi's pointing to lower to come. Positive USD coming soon. IMO.

#414,146
Apr 26, 2015 6:02pm Apr 26, 2015 6:02pm

DubaiFX
| Membership Revoked | Joined Aug 2007 | 1,069 Posts

Quoting joewrights

Disliked

anyone here work at a prop firm?

Ignored

Yes i do it is not called prop Firm, we call it Prop Shop.
why are you asking Joe?
advise be very vareful they check your trading very thoroughly so if your profit is 2% and unrealized i mean open positions loss goes more then profit you are out believe me, but if you are good trade slowly and you will be fine forget, EMOTIONS, GREED, just one rule Minimum Drawdown, they don't like the idea of loosing their money, if you make little profit they are happy they feel safe but if you open a trade and it goes -60 pips and you closed at +20 pips profit, to them that is not good trading strategy. if you are new they will give you only 1 pair i am sure of it and it will be the difficult one because they need to see how you trade under pressure and depression, when you are running for your given target of pips not money

Good Luck Joe.
wish you all the best.

Don't compare your Trades with Others

#414,147
Apr 26, 2015 6:18pm Apr 26, 2015 6:18pm

GrowthHack
| Commercial User | Joined Sep 2014 | 475 Posts

Todays targets marked in blue ( 150 pips up and 200 down area )

https://charts.mql5.com/7/660/gbpusd...ts-limited.png

#414,148
Apr 26, 2015 10:21pm Apr 26, 2015 10:21pm

GrowthHack
| Commercial User | Joined Sep 2014 | 475 Posts

Quoting zoolc

Disliked

{quote} I think GU will go to february top arround 1.5500 next week

Ignored

FOMC within two days

#414,149
Apr 26, 2015 11:55pm Apr 26, 2015 11:55pm

joewrights
| Commercial User | Joined Mar 2015 | 42 Posts

Quoting DubaiFX

Disliked

{quote} Yes i do it is not called prop Firm, we call it Prop Shop. why are you asking Joe? advise be very vareful they check your trading very thoroughly so if your profit is 2% and unrealized i mean open positions loss goes more then profit you are out believe me, but if you are good trade slowly and you will be fine forget, EMOTIONS, GREED, just one rule Minimum Drawdown, they don't like the idea of loosing their money, if you make little profit they are happy they feel safe but if you open a trade and it goes -60 pips and you closed at +20 pips...

Ignored

thanks alot for the info mate

short term targets 1.5009

#414,150
Apr 26, 2015 11:58pm Apr 26, 2015 11:58pm

Fx_Anil
Joined Jul 2013 | Status: Trader | 1,738 Posts

Overbought Oscillators, coupled with the failure to break 1.5200 mark, could pullback GBPUSD towards re-test ascending trend-line support, near 1.5050

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