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Cable Update (GBPUSD)

  • #414,241
  • Apr 28, 2015 3:34am Apr 28, 2015 3:34am
Big miss... Not surprised if it will go back to 1.52+ to prepare for a big sell off.
  • #414,242
  • Apr 28, 2015 3:34am Apr 28, 2015 3:34am
Quoting alexpi
{quote} Hick I miss you in the dragon thread so I've followed you here!
Hi alexpi, what an honour Well, I did not trade dragon much atm ... wonder if I will trade it again soon. The methods I use do not work so well on this pair and without Ray's levels it is hard for me. Therefore I stick to the majors atm with more success. Hope all is fine!
Fix up, trade sharp ...
  • #414,243
  • Apr 28, 2015 3:36am Apr 28, 2015 3:36am
Quoting sakisf
Big miss... Not surprised if it will go back to 1.52+ to prepare for a big sell off.
How is it considered a miss?
And how big a sell-off are we talking?
  • #414,244
  • Apr 28, 2015 3:39am Apr 28, 2015 3:39am
or is it a cheap long ??? 5209 off at 5180 watching now 82 sl at 73
  • #414,245
  • Apr 28, 2015 3:44am Apr 28, 2015 3:44am
Quoting elbert3
or is it a cheap long ??? 5209 off at 5180 watching now 82 sl at 73
well i see a double top at 5260, the current 4hr candle looks engulfing unless theres a sharp reversal back to 5260 zone, gdp data below consensus, lm looking to sell although cautiously as FOMC is tomorrow.
  • #414,246
  • Apr 28, 2015 3:46am Apr 28, 2015 3:46am
Quoting Hickson
{quote} Hi alexpi, what an honour Well, I did not trade dragon much atm ... wonder if I will trade it again soon. The methods I use do not work so well on this pair and without Ray's levels it is hard for me. Therefore I stick to the majors atm with more success. Hope all is fine!
That's fair enough, chaotic times are coming to the geppy if Japan increases QE and GBP starts showing weakness with the approach of elections. 1/2 months of ranging could be on the horizon on the technical side as well, with the failure to break up in 22.02 week and break down in the 12.04 week
  • #414,247
  • Apr 28, 2015 3:52am Apr 28, 2015 3:52am
Quoting mamalujo
{quote} well i see a double top at 5260, the current 4hr candle looks engulfing unless theres a sharp reversal back to 5260 zone, gdp data below consensus, lm looking to sell although cautiously as FOMC is tomorrow.
yes true i did not take sell on the touch before with news coming up, as last week was crazy just for now i have to veiw the analysis , i made before that news break on low on the 5 min candle could short too. right now it is on the 23% weekly fib and test of day breakout,, and 4 hour candle not gone out yet ,,regards E,,ps gl,,
  • #414,248
  • Apr 28, 2015 4:02am Apr 28, 2015 4:02am
Quoting kidxf
{quote} 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
short the elections for more 10 hours
  • #414,249
  • Apr 28, 2015 4:06am Apr 28, 2015 4:06am
Quoting Fx_Anil
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. {image}
Gr8 Mr anil.
Ur pridiction is rite.further ur views about gbp/usd...?
PlZ
  • #414,250
  • Apr 28, 2015 4:12am Apr 28, 2015 4:12am
retetst and PULL BACK
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 45 KB
  • #414,251
  • Apr 28, 2015 4:14am Apr 28, 2015 4:14am
Quoting Feela
{quote} short the elections for more 10 hours
hm. well, not looking to open any more positions, i'll just hold on to what i have for now, and see where price goes. seems we've retested and got rejected from support down at .5180, and we're once again at where we were before the release. Not my preferred reaction, but it's a start.
  • #414,252
  • Apr 28, 2015 4:15am Apr 28, 2015 4:15am
Same as in retail sales. Reminds me of 2013-2014 GU strength when UK negative news (US positive) would have only slight impact (-30-40 pips for about 1 hr) then it would resume north and US bad news would give it a boost. Maybe we are at a trend reversal stage.
  • #414,253
  • Apr 28, 2015 4:19am Apr 28, 2015 4:19am
Quoting Dano12
retetst and PULL BACK {image}
off 5230,,,,,, long on the high , sell l on the low
  • #414,254
  • Apr 28, 2015 4:20am Apr 28, 2015 4:20am
Quoting asi
{quote} Gr8 Mr anil. Ur pridiction is rite.further ur views about gbp/usd...? PlZ
Thank you

I think 1.5285, immediately followed by 1.5325-30, could continue restricting the pair's near-term advance. After the short-lived decline below 1.5215, the pair trader should wait for a decisive move below the same level in order to witness 1.5150 on the downside.
  • #414,255
  • Apr 28, 2015 4:22am Apr 28, 2015 4:22am
Quoting sakisf
Same as in retail sales. Reminds me of 2013-2014 GU strength when UK negative news (US positive) would have only slight impact (-30-40 pips for about 1 hr) then it would resume north and US bad news would give it a boost. Maybe we are at a trend reversal stage.
just in the middle now i am waiting to see where,, remember 5500 it was going long then slowly it sold of and alot of traders held on and held on,, so s/r take you pick
  • #414,256
  • Apr 28, 2015 4:28am Apr 28, 2015 4:28am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 33 KB
small res around 35 dont let it run to far ??
  • #414,257
  • Apr 28, 2015 4:29am Apr 28, 2015 4:29am
Quoting elbert3
{quote} just in the middle now i am waiting to see where,, remember 5500 it was going long then slowly it sold of and alot of traders held on and held on,, so s/r take you pick

Consolidation is waiting for tomorrow, GDP and the FOMC and the decision US
  • #414,258
  • Apr 28, 2015 4:35am Apr 28, 2015 4:35am
dead all morning! slight drop just before news 9:30 and thats it
  • #414,259
  • Apr 28, 2015 4:42am Apr 28, 2015 4:42am
Quoting mamalujo
{quote} well i see a double top at 5260, the current 4hr candle looks engulfing unless theres a sharp reversal back to 5260 zone, gdp data below consensus, lm looking to sell although cautiously as FOMC is tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 41 KB
new 4 hour candle now,,lets see if 260 will hold up, regards
  • #414,260
  • Apr 28, 2015 4:47am Apr 28, 2015 4:47am
Man got spooked by the market twice. What's going on?
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