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Cable Update (GBPUSD)

  • #415,381
  • May 19, 2015 9:12am May 19, 2015 9:12am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
I guess it is a bounce ? can i enter now
  • #415,382
  • May 19, 2015 9:19am May 19, 2015 9:19am
The momentum of the bounce from 1.5450 is fading, after touching of 38.2% of the drop earlier.

Now unless a credible breaking of 1.5530 is in place, I'd see it double checking 1.5450 or near place first.
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  • #415,383
  • May 19, 2015 9:22am May 19, 2015 9:22am
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problem for know is no mans land emas are facing down and 10/20 have crossed. you can see break out from before is now trying to resist , 2 ways scalp as close to the line on the lower charts to find the way , 5 min still under 100/200 emas so it might be a bit messy ,if you have missed the break line , wait,, that me gl
  • #415,384
  • May 19, 2015 9:30am May 19, 2015 9:30am
5506 sl 8 pips small lot to 32
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or try short sl on top of 10, ema,
  • #415,385
  • May 19, 2015 9:44am May 19, 2015 9:44am
Try a short from 5515, sl 10, target 5500 then 5480 depends on the PA.
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  • #415,386
  • May 19, 2015 10:02am May 19, 2015 10:02am
EURUSD is trying 1.1120 while EURGBP is held up by 0.7180. So I feel there's still some juice in keeping this GU short scalp here.

See 1.5480 then 1.5450. Most like get out at 1.5480 unless it is flushed.
  • #415,387
  • May 19, 2015 10:13am May 19, 2015 10:13am
Quoting Darkforce
Try a short from 5515, sl 10, target 5500 then 5480 depends on the PA. {image}

With that Engulfer on H1, 5450 again today is unlikely
  • #415,388
  • May 19, 2015 10:18am May 19, 2015 10:18am
Quoting Bydyke
{quote} With that Engulfer on H1, 5450 again today is unlikely
The engulfer has a upper tail, to me it's weak.

H4 close in about 45min, where it close matters more.
  • #415,389
  • May 19, 2015 10:33am May 19, 2015 10:33am
I took a long @1.5450 - We need a clear break of 1.5535 (upper Kumo) to bring back some bullish momentum. I really hope the engulfing candle on the 4 hourly will send us that way
  • #415,390
  • May 19, 2015 10:43am May 19, 2015 10:43am
Quoting Darkforce
{quote} The engulfer has a upper tail, to me it's weak. H4 close in about 45min, where it close matters more.

Fair enough. On the time, I feel you meant "in about1 hr and 45 mins" and not "in about 45 minutes"
  • #415,391
  • May 19, 2015 10:44am May 19, 2015 10:44am
Looks like we have seen the 50% fib retrace from the May low @1.54478. I'll be keeping my long position with [email protected]. I reckon we might see some more upside, especially if the news from BOE tomorrow morning is positive.
  • #415,392
  • May 19, 2015 11:04am May 19, 2015 11:04am
In other words, you have gotten you H4 close, as at now?
  • #415,393
  • May 19, 2015 11:08am May 19, 2015 11:08am
Quoting Bydyke
In other words, you have gotten you H4 close, as at now?
Hehe...Thankfully.
  • #415,394
  • May 19, 2015 11:10am May 19, 2015 11:10am
Target 1.5570
  • #415,395
  • May 19, 2015 11:17am May 19, 2015 11:17am
Quoting Dr.Blue
Target 1.5570

Tomorrow maybe but today I doubt. For me, 50 could be doable today
  • #415,396
  • May 19, 2015 11:26am May 19, 2015 11:26am
  •  chisi
  • | Joined Dec 2014 | Status: Consistency leads to mastery | 53 Posts
Sell limit at 5525
Experiments All Time Return: -32.8%
  • #415,397
  • May 19, 2015 11:46am May 19, 2015 11:46am
Double top at 5530, so I am still holding this mofo and waiting for a break of 5496. If no break then it is ranging then I will exit and go to bed.
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  • #415,398
  • May 19, 2015 12:39pm May 19, 2015 12:39pm
Quoting H4-forex
i'll go short after H4 confirmation target would be daily trend line what you say guys ? {image} {image}
last week i posted this picture
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and after break out confirmation i jumped in trade, and today finally got my profit abt 220pip.
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  • #415,399
  • May 19, 2015 1:39pm May 19, 2015 1:39pm
BOA decision tomorrow and to be or not to be for bulls and trend line
  • #415,400
  • May 19, 2015 9:29pm May 19, 2015 9:29pm
Quoting H4-forex
{quote} last week i posted this picture {image} and after break out confirmation i jumped in trade, and today finally got my profit abt 220pip. {image}
Nice analysis, appreciate your pips collection.
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