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Cable Update (GBPUSD)

  • #415,701
  • May 26, 2015 6:00am May 26, 2015 6:00am
Hi guys, if long from 15390 what is my potential tp and sl, its not a strategy trade, a hopeful trade to save my account
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  • #415,702
  • May 26, 2015 6:05am May 26, 2015 6:05am
Maybe some PULL back to resistances
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  • #415,703
  • May 26, 2015 6:07am May 26, 2015 6:07am
If GBPUSD does find support from the 1.5370 level on closing basis, think it does have a shot to challenge the 1.5800 and possible 1.6100. However, I would like to watch or take partial profits at the 1.5580 level. Getting up and above this sets up a potential to retest 1.5800.

Quoting Verve
Hi guys, if long from 15390 what is my potential tp and sl, its not a strategy trade, a hopeful trade to save my account {image}
  • #415,704
  • May 26, 2015 6:18am May 26, 2015 6:18am
Quoting Dano12
Maybe some PULL back to resistances {image}
Hi Dano, which way is the resistance, i see your lower block, could it pull up to upper resistance, and which do you prefer, thanks
  • #415,705
  • May 26, 2015 6:25am May 26, 2015 6:25am
Quoting Verve
{quote} Hi Dano, which way is the resistance, i see your lower block, could it pull up to upper resistance, and which do you prefer, thanks
546 547

but still not finished xa = bc
  • #415,706
  • May 26, 2015 6:27am May 26, 2015 6:27am
Quoting Dano12
{quote} 546 547 but still not finished xa = bc
thank you, will hold for 546
not sure / cant make out 'bc'
  • #415,707
  • May 26, 2015 6:38am May 26, 2015 6:38am
Quoting Verve
{quote} thank you, will hold for 546 not sure / cant make out 'bc'
Take care, Durable goods news will make the day most likely, coming in 50 minutes
  • #415,708
  • May 26, 2015 6:49am May 26, 2015 6:49am
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mmmmm???? doubts set in
  • #415,709
  • May 26, 2015 7:06am May 26, 2015 7:06am
Quoting Verve
{quote} thank you, will hold for 546 not sure / cant make out 'bc'
XA=BC = 38fib the entire increase, if it will be elongated wave 3orC are looking at 1,161 1,75 fib
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  • #415,710
  • May 26, 2015 7:17am May 26, 2015 7:17am
Quoting Verve
Hi guys, if long from 15390 what is my potential tp and sl, its not a strategy trade, a hopeful trade to save my account {image}
Well an up today would not be either logical or natural - if its to trade your account then realy you would have to look to tomorrow even if the news spikes northwards only a buy to confirm would appear with a pullback on the higher timeframe .. of course.
  • #415,711
  • May 26, 2015 7:18am May 26, 2015 7:18am
Quoting Dano12
{quote} XA=BC = 38fib the entire increase, if it will be elongated wave 3orC are looking at 1,161 1,75 fib {image}
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tl up and down,, possible depending on news now
  • #415,712
  • May 26, 2015 7:34am May 26, 2015 7:34am
First sell closed on 300 PIPS.
Second Sell still running as no BUY confirmed.
  • #415,713
  • May 26, 2015 7:42am May 26, 2015 7:42am
Quoting elbert3
{quote} {image} tl up and down,, possible depending on news now
  • #415,714
  • May 26, 2015 8:04am May 26, 2015 8:04am
Quoting Dano12
{quote}
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careful
  • #415,715
  • May 26, 2015 8:12am May 26, 2015 8:12am
Quoting elbert3
{quote} {image} careful
Now pump and cutting HFT algos - Playing on data
  • #415,716
  • May 26, 2015 8:31am May 26, 2015 8:31am
Quoting elbert3
{quote} {image} careful
5390 and below are quite congested, I am still looking for long from here.
  • #415,717
  • May 26, 2015 9:06am May 26, 2015 9:06am
Quick question. Why isn't the data pushing this lower? Is it due to GDP figures coming out soon?
  • #415,718
  • May 26, 2015 9:38am May 26, 2015 9:38am
fibo time
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  • #415,719
  • May 26, 2015 10:05am May 26, 2015 10:05am
Quoting Afterburner
Quick question. Why isn't the data pushing this lower? Is it due to GDP figures coming out soon?
ALready Factored in did mention this a few hours ago well before the news - it could and was only going one way. Knowing Order flow systems or systematic trading proceedures is a bonus these days. Most people fall for the algo systems being the shake rattle and roll not that they would know much about algo and cyclic rythmn but order flow that is the real secret to these moves.
  • #415,720
  • May 26, 2015 10:08am May 26, 2015 10:08am
Quoting Darkforce
{quote} 5390 and below are quite congested, I am still looking for long from here.
As we say Yes but only after Dark if you understand that meaning. Or in simple terms tomorrow is indeed another day (empahsis on Tomorrow of course)
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