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Cable Update (GBPUSD)

  • #415,521
  • May 21, 2015 2:27am May 21, 2015 2:27am
Quoting Hickson
{quote} looks like no dip to buy E btw, do not short this ... I made the mistake and gave some profit back ... I have to get rid of that habit, only loses my profit ...
he who dares wins ??? thats 2,, i am praying to give you the third one ..lol
  • #415,522
  • May 21, 2015 2:29am May 21, 2015 2:29am
Quoting elbert3
{quote} he who dares wins ??? thats 2,, i am praying to give you the third one ..lol
lol yes, but gambling is not a good idea imo ... whatever works though?
Fix up, trade sharp ...
  • #415,523
  • May 21, 2015 2:29am May 21, 2015 2:29am
Quoting elbert3
{quote} {image} trying again,, how big are ones balls ??? lol
There's a gap on my chart, so short from 5650 target 5600, then long from there seems to be a play that may work.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFM15.png Size: 39 KB
  • #415,524
  • May 21, 2015 2:32am May 21, 2015 2:32am
before larger pull back
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1..11.gif Size: 213 KB
  • #415,525
  • May 21, 2015 2:33am May 21, 2015 2:33am
Quoting Darkforce
{quote} There's a gap on my chart, so short from 5650 target 5600, then long from there seems to be a play that may work. {image}
yes but it might jump here to 5700
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 35 KB
  • #415,526
  • May 21, 2015 2:36am May 21, 2015 2:36am
Quoting Darkforce
{quote} There's a gap on my chart, so short from 5650 target 5600, then long from there seems to be a play that may work. {image}
probably from 1.5680 i'll go sell, after i'll go buy when gap is closed.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 45 KB
  • #415,527
  • May 21, 2015 2:38am May 21, 2015 2:38am
I am always skeptical about the retail data, simply because it is very volatile.

I do admit that recently the mean is turning positive though.

The data switched from minus to plus on Dec18 2014, on the news, cable jumped 120 pips from 1.5550 to 1.5670, then a few days later, it turned around and carried on with it's leg down.

I know the trend and sentiment maybe slightly different, but what I want to illustrate is that retail data can be easily faded if it tells opposite story as to the bigger environment.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-05-21_173211.png Size: 42 KB
Click to Enlarge Name: GBPUSDFXFM15_Dec18.png Size: 52 KB
Click to Enlarge Name: GBPUSDFXFH1_Dec18.png Size: 54 KB
  • #415,528
  • May 21, 2015 2:43am May 21, 2015 2:43am
Quoting elbert3
{quote} yes but it might jump here to 5700{image}
should push more higher GBP USD before larger pull back so we'll see
  • #415,529
  • May 21, 2015 2:44am May 21, 2015 2:44am
Quoting Skobratt
{quote} probably from 1.5680 i'll go sell, after i'll go buy when gap is closed. {image}
No gap. Take care...
Try don't lose pants never...
  • #415,530
  • May 21, 2015 2:45am May 21, 2015 2:45am
Quoting Darkforce
I am always skeptical about the retail data, simply because it is very volatile. I do admit that recently the mean is turning positive though. The data switched from minus to plus on Dec18 2014, on the news, cable jumped 120 pips from 1.5550 to 1.5670, then a few days later, it turned around and carried on with it's leg down. I know the trend and sentiment maybe slightly different, but what I want to illustrate is that retail data can be easily faded if it tells opposite story as to the bigger environment. {image} {image} {image}
i hope it will be 5550 , if it does but i can still go long ,, go with the flow,, watch 5 min now any rejection again
  • #415,531
  • Edited 3:10am May 21, 2015 2:50am | Edited 3:10am
Hello everyone. Here is my study. Looking for shorts in the blue-shaded boxes on the right. Probably tomorrow or early next week.

PS: I should add another one @ 1.5775. Junction of the upper ascending blue line (which has been a pivot trendline for some intermediate swings in the past few days) and of the descending line that connects the tops of 14 and 15 May. Nice R/R short , that one, if it pans out at 1.5770ish
Attached Image (click to enlarge)
Click to Enlarge Name: GBP ff 21May15.gif Size: 38 KB
  • #415,532
  • May 21, 2015 3:06am May 21, 2015 3:06am
Impulse (5 waves) in the last push up way past 0.6182 x (3) @ 1.5953, before reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 21May15.png Size: 45 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #415,533
  • May 21, 2015 3:18am May 21, 2015 3:18am
Quoting skyhok
Impulse (5 waves) in the last push up way past 0.6182 x (3) @ 1.5953, before reversal. {image}
http://www.forexfactory.com/showthre...48#post8252048
  • #415,534
  • May 21, 2015 3:22am May 21, 2015 3:22am
Quoting Afterburner
{quote} Me too. I think FOMC mins will be doveish. Gonna set a tight S/L though (my opinion)
GBPUSD Trade just closed.
profit 140+ pips profit
  • #415,535
  • Edited 6:53am May 21, 2015 3:25am | Edited 6:53am
Quoting Dano12
{quote} http://www.forexfactory.com/showthre...48#post8252048
Waves evolves, Dano12, gotta follow the PA - is it impulsive or corrective?
http://www.forexfactory.com/showthre...00#post8270700
Elliott Wave for optimum entry, exit and risk management of trades
  • #415,536
  • May 21, 2015 3:29am May 21, 2015 3:29am
Quoting skyhok
{quote} Waves evolves, Dano12, gotta follow the PA.
  • #415,537
  • May 21, 2015 3:33am May 21, 2015 3:33am
Some fight here at this res. If won then one final resistance up for the month. Otherwise slowly decline down to yellow.
Attached Image (click to enlarge)
Click to Enlarge Name: aRVrQtL.png Size: 31 KB
  • #415,538
  • May 21, 2015 3:46am May 21, 2015 3:46am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 28 KB
watching here or its long again to top final,, if it fails here before that top could be pull back time 5600 area then long to the 5800 and hh
  • #415,539
  • May 21, 2015 3:51am May 21, 2015 3:51am
wait for this upper trend line for more long.
Attached Image
  • #415,540
  • May 21, 2015 4:04am May 21, 2015 4:04am
i see some people are scare to open position.

That's why i give a stop price.

it will make u suitable with the situation.

i will not give the thing that have no stop.

from now and future
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