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Cable Update (GBPUSD)

  • #414,221
  • Apr 28, 2015 1:55am Apr 28, 2015 1:55am
If I'm not wrong, the GBPUSD is forming rising wedge ahead of the Prelim reading of Q1 2015 UK GDP. Chances are higher that the pair witnesses a corrective move towards 1.5215-10 and 1.5180 support.
Attached Image (click to enlarge)
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  • #414,222
  • Apr 28, 2015 1:55am Apr 28, 2015 1:55am
Hilarious what is going on here ...
Fix up, trade sharp ...
  • #414,223
  • Apr 28, 2015 1:58am Apr 28, 2015 1:58am
Quoting Tradezilla
{quote} This is very simple, I don't think E trades, he just loves to coach and post charts with tailored lines to support his opinions. I personally went thru this discussion with him before and realized that he prefers demo accounts coz they are lower risk.
I personally went thru this discussion with him before and realized that he prefers demo accounts coz they are lower risk, really and when did we have this personal discussion because it must of been a day when i was drinking as i dont recall strange ??? coloured lines yes,, sorry thats how i live my life in colour , black and white is sooo drab, demo acc has no risk,,, so why do you think they have low risk ??? strange., yes your right thou,i dont trade, i have sat here over a year with pip to pip tl to tl calls ,do you think i should put £100 pounds in and see if i can do it for real??? at this time i have no money i live in a bedsit, unemployed, with my little dog,, he got ran over years ago,lost his ley , and fell over in a woods and lost his eye,, but me and lucky .just have time enough to post the charts and make demo calls ??
  • #414,224
  • Apr 28, 2015 2:00am Apr 28, 2015 2:00am
short now ..! ?
i see the the price respect the trend line on 1h tf, and it's showing overbought now time to bull down
to trend line or maybe little bit lower.

other scenario , price touch the last high on 1.5260 and then big down trend may happen.
  • #414,225
  • Apr 28, 2015 2:08am Apr 28, 2015 2:08am
Quoting Feela
short now ..! ? i see the the price respect the trend line on 1h tf, and it's showing overbought now time to bull down to trend line or maybe little bit lower. other scenario , price touch the last high on 1.5260 and then big down trend may happen.
yh i feel same..bt the question is ..the pair will touch 1.5260 and go so on over the 1.5286..daily pivot line
  • #414,226
  • Apr 28, 2015 2:10am Apr 28, 2015 2:10am
Quoting Tradezilla
{quote} Lower risk and higher reward.
just bee thro your post i like this one
Quoting Ill-b-back
Ideally I'd like to see the lower lines and fib supports broken off resistance. Let's see how she rolls {image} {image} {image} {image}
Do u actually trade or just post charts with arbitrary lines drawn ?

Can u explain why u draw the lines in such a way to match your comments , I would draw them differently.

While FIBO is a great way, daily pivots and R/S are equally important, plus EMAs.

I hope u made a few hundred pips on cable as I did, with more lots u may be able to pull in 1k USD average daily income.
this is where you where intergating IB, and his trading style ,, .................so you make grands a day, yet i have not seen one chart , even black and white ??? one call where you think price might go,, you would have more followers i would be one if i could see your calls to see if,,if you where right. my live acc is capital spreads go look you will see why i post mx chart because theirs is not good to post. lets say you get 5050 calls that still 3.5k a week not bad 150k a year trading you have to show us you calls please . Billy and lucky out , may be i should just stop posting then i dont get pissed of at nonsense
  • #414,227
  • Apr 28, 2015 2:21am Apr 28, 2015 2:21am
Quoting Kajos2250
{quote} GU H8 GMT+2 Previous buy limit missed by some points, it stays for the next round. Bullish belt hold shows the way to second realization zone ~5280 like MPR1. Closer buy limit .5182 placed. I would not be surprised if target was ~5580 for the week, we will see... Good luck! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 51 KB
as always great trades and charts ,regards
  • #414,228
  • Apr 28, 2015 2:32am Apr 28, 2015 2:32am
Quoting elbert3
{quote} {image} as always great trades and charts ,regards
how is it going mate? its been a while...
you shorting cable?
  • #414,229
  • Apr 28, 2015 2:33am Apr 28, 2015 2:33am
Quoting Kajos2250
{quote} GU H8 GMT+2 Previous buy limit missed by some points, it stays for the next round. Bullish belt hold shows the way to second realization zone ~5280 like MPR1. Closer buy limit .5182 placed. I would not be surprised if target was ~5580 for the week, we will see... Good luck! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: w.png Size: 41 KB
weekly we can take that 23% hopefully as support
  • #414,230
  • Apr 28, 2015 2:39am Apr 28, 2015 2:39am
Quoting Polaris4dy
{quote} how is it going mate? its been a while... you shorting cable?
Hi flat as ov 2nd try 260 but looking to buy the dips now i think long order above 262 as i think trend on 4 hour is showing up watch last s/r how are you doing,, regards
  • #414,231
  • Apr 28, 2015 2:44am Apr 28, 2015 2:44am
Quoting elbert3
{quote} Hi flat as ov 2nd try 260 but looking to buy the dips now i think long order above 262 as i think trend on 4 hour is showing up watch last s/r how are you doing,, regards
Good mate! I shorted many times from 1.51 area till now...just waiting for pullback, clear and then long...anyway we should see 1.55 soon, but i can't hedge, so will see what happen
wish u well in trading!
Cheers!
  • #414,232
  • Apr 28, 2015 2:47am Apr 28, 2015 2:47am
Quoting Polaris4dy
{quote} Good mate! I shorted many times from 1.51 area till now...just waiting for pullback, clear and then long...anyway we should see 1.55 soon, but i can't hedge, so will see what happen wish u well in trading! Cheers!
I started shorting since .5070, waiting for the OB to give out back to that level. same as ya, i cant hold hedges. Let's see what GDP brings!
  • #414,233
  • Apr 28, 2015 3:00am Apr 28, 2015 3:00am
Price action just sliding sideways - much bigger move coming! trying resistance around now?
Attached Image (click to enlarge)
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  • #414,234
  • Apr 28, 2015 3:05am Apr 28, 2015 3:05am
GDP negative impact , time for short
  • #414,235
  • Apr 28, 2015 3:13am Apr 28, 2015 3:13am
Quoting Feela
GDP negative impact , time for short
20mins. how will this play out?
last few minutes have been candles with long tails.. buyers and sellers taking positions, price still unsure of where its going.
So far the bulls have been due to the elections, as far as I can see. (do correct me if i'm wrong!)
Every major upmove has been due to unscheduled news, and price is grossly OB since Fri, IMO.
Fingers crossed, entry was on Fri's OB, albeit 200pips to early
  • #414,236
  • Apr 28, 2015 3:15am Apr 28, 2015 3:15am
Attached Image (click to enlarge)
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news soon possible s/r red
  • #414,237
  • Apr 28, 2015 3:17am Apr 28, 2015 3:17am
Quoting elbert3
{image} news soon possible s/r red
Hi E, maybe 0570 first? LOLOLOL ... never know.
Fix up, trade sharp ...
  • #414,238
  • Apr 28, 2015 3:23am Apr 28, 2015 3:23am
Quoting Hickson
{quote} Hi E, maybe 0570 first? LOLOLOL ... never know.
Morning H,, watching news reaction last weeks was mad,, but it wont worry me and lucky as we have no acc ??? watching 5210 area ,
  • #414,239
  • Apr 28, 2015 3:26am Apr 28, 2015 3:26am
Quoting elbert3
{quote} Morning H,, watching news reaction last weeks was mad,, but it wont worry me and lucky as we have no acc ??? watching 5210 area ,
Area control center?
Fix up, trade sharp ...
  • #414,240
  • Apr 28, 2015 3:31am Apr 28, 2015 3:31am
Quoting Hickson
{quote} Hi E, maybe 0570 first? LOLOLOL ... never know.
Hick I miss you in the dragon thread so I've followed you here!
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