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Cable Update (GBPUSD)

  • #414,321
  • Apr 29, 2015 1:44am Apr 29, 2015 1:44am
Quoting giveachance
{quote} short beware. it hasn't touched 1.5320 also today. I understand Japan was closed but the setup looks positive. I have shorted some as well but now looking to add to longs on upside.
this is how im seeing it as well. hope im on the right side
  • #414,322
  • Apr 29, 2015 1:44am Apr 29, 2015 1:44am
Quoting giveachance
{quote} short beware. it hasn't touched 1.5320 also today. I understand Japan was closed but the setup looks positive. I have shorted some as well but now looking to add to longs on upside.
Morning GC hope your well as you see from last post thinking the same gl regards
  • #414,323
  • Apr 29, 2015 1:46am Apr 29, 2015 1:46am
measured distance of current fall in GBP is 2700 pips roughly. a retracement of abt 800 pips has happened so far. out of the rem 1900 pips. even if i take 22.1% we can still travel 400 pips or so.
  • #414,324
  • Apr 29, 2015 1:51am Apr 29, 2015 1:51am
Quoting giveachance
measured distance of current fall in GBP is 2700 pips roughly. a retracement of abt 800 pips has happened so far. out of the rem 1900 pips. even if i take 22.1% we can still travel 400 pips or so.
Attached Image (click to enlarge)
Click to Enlarge Name: d3.png Size: 45 KB
look left see resistance, below red lines support buy off them as long as it stays above the tl, 5170 area would be good target above the 200 ema is there to meet price , but it is if we see any retrace to gather more buying power to take out that resistance or is it going right up, ???
  • #414,325
  • Apr 29, 2015 1:51am Apr 29, 2015 1:51am
another way to play this pair is to add long on every 20 pips up and simultaneously keep adding euro shorts
  • #414,326
  • Apr 29, 2015 1:53am Apr 29, 2015 1:53am
Strong Buy GBPJPY , 99.99999% accuracy
Target : 185
  • #414,327
  • Apr 29, 2015 1:55am Apr 29, 2015 1:55am
long now returned trade sl on 350 tp open trade move to be asap incase of drop
  • #414,328
  • Apr 29, 2015 1:56am Apr 29, 2015 1:56am
Quoting elbert3
long now returned trade sl on 350 tp open trade move to be asap incase of drop
looks like they will add another 250 pips to your position
Fix up, trade sharp ...
  • #414,329
  • Apr 29, 2015 1:58am Apr 29, 2015 1:58am
Quoting elbert3
long now returned trade sl on 350 tp open trade move to be asap incase of drop
f,,me auto tp hit as soon as in trade as it hit my tl , watch now that was a pump,, long over that tl high, but tight sl,, short under that last res/sup..
Attached Image (click to enlarge)
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  • #414,330
  • Apr 29, 2015 2:00am Apr 29, 2015 2:00am
Quoting Hickson
{quote} looks like they will add another 250 pips to your position
Morning H, no as i trade tp will always be on a tl,, flat now,, just going to check other tc
  • #414,331
  • Apr 29, 2015 2:00am Apr 29, 2015 2:00am
Quoting elbert3
{quote} f,,me auto tp hit as soon as in trade as it hit my tl , watch now that was a pump,, long over that tl high, but tight sl,, short under that last res/sup..{image}
if euro drops to day's low it is an opportunity to buy don't sell this pair now just for the sake of selling. below 1.5300 sell. thats a throw back point now
  • #414,332
  • Apr 29, 2015 2:03am Apr 29, 2015 2:03am
Quoting Hickson
{quote} looks like they will add another 250 pips to your position
that might be a good reason to retrace watch 5 min fo ema cross over 1st sign ,, but long on the top,
  • #414,333
  • Apr 29, 2015 2:06am Apr 29, 2015 2:06am
short 67 12 pip sl target open look to support
Attached Image (click to enlarge)
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  • #414,334
  • Apr 29, 2015 2:22am Apr 29, 2015 2:22am
Quoting elbert3
{quote} that might be a good reason to retrace watch 5 min fo ema cross over 1st sign ,, but long on the top,
I have the feeling there is no short ...
Fix up, trade sharp ...
  • #414,335
  • Apr 29, 2015 2:24am Apr 29, 2015 2:24am
Quoting Idkurv
{quote} Or bull party has jut began... I am expecting 1.54. Of course retracement could occur at current level. Will see.
GU
Took 11-day to reach (almost) 1.54
  • #414,336
  • Apr 29, 2015 2:26am Apr 29, 2015 2:26am
GU
Short at 1.539
small lot
will see.
  • #414,337
  • Apr 29, 2015 2:28am Apr 29, 2015 2:28am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Given the strong momentum buildup so far..it would not be surprising if cable test the 1.55 region. Near term support 15250 should hold otherwise we could be looking at 15150 critical support which if broken may cause the tide to turn.
Hindsight is useless if you never learn anything out from it
  • #414,338
  • Apr 29, 2015 2:29am Apr 29, 2015 2:29am
Quoting Hickson
{quote} I have the feeling there is no short ...
yes thought i had one there it will retrace and surprise us lost 12 pips and this long is not getting off coming back ti try the tl again have to take it if it breaks it
  • #414,339
  • Apr 29, 2015 2:31am Apr 29, 2015 2:31am
Quoting Ill-b-back
{quote} lol, If we do break north of the monthly pattern retest, then 1.58 is looking good
And based on the continued strength of this move, I think that is where we are heading
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #414,340
  • Apr 29, 2015 2:32am Apr 29, 2015 2:32am
Quoting Idkurv
GU Short at 1.539 small lot will see.
watch this 5 min and i might be back with you,, 5 trades in 30 mins , dont get caught with you shorts up to you navel ooo here we go
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