Cable Update (GBPUSD)

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Post #415,701
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May 26, 2015 7:00am May 26, 2015 7:00am

Verve
| Commercial Member | Joined Feb 2014 | 406 Posts

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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Post #415,702
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May 26, 2015 7:05am May 26, 2015 7:05am

Dano12
Joined Nov 2012 | Status: Member | 5,895 Posts

Maybe some PULL back to resistances

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Post #415,703
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May 26, 2015 7:07am May 26, 2015 7:07am

PumpingPips
| Joined Jul 2014 | Status: Member | 11 Posts

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

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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}

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Post #415,704
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May 26, 2015 7:18am May 26, 2015 7:18am

Verve
| Commercial Member | Joined Feb 2014 | 406 Posts

Quoting Dano12

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Maybe some PULL back to resistances {image}

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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

Post #415,705
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May 26, 2015 7:25am May 26, 2015 7:25am

Dano12
Joined Nov 2012 | Status: Member | 5,895 Posts

Quoting Verve

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{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

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546 547

but still not finished xa = bc

Post #415,706
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May 26, 2015 7:27am May 26, 2015 7:27am

Verve
| Commercial Member | Joined Feb 2014 | 406 Posts

Quoting Dano12

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{quote} 546 547 but still not finished xa = bc

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thank you, will hold for 546
not sure / cant make out 'bc'

Post #415,707
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May 26, 2015 7:38am May 26, 2015 7:38am

alexpi
| Joined Jan 2015 | Status: On Discipline Road | 933 Posts

Quoting Verve

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{quote} thank you, will hold for 546 not sure / cant make out 'bc'

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Take care, Durable goods news will make the day most likely, coming in 50 minutes

Post #415,708
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May 26, 2015 7:49am May 26, 2015 7:49am

elbert3
Joined Dec 2013 | Status: Member | 17,134 Posts

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mmmmm???? doubts set in

Post #415,709
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May 26, 2015 8:06am May 26, 2015 8:06am

Dano12
Joined Nov 2012 | Status: Member | 5,895 Posts

Quoting Verve

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{quote} thank you, will hold for 546 not sure / cant make out 'bc'

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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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Post #415,710
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May 26, 2015 8:17am May 26, 2015 8:17am

DoNUts
| Additional Username | Joined May 2015 | 146 Posts

Quoting Verve

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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}

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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.

Post #415,711
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May 26, 2015 8:18am May 26, 2015 8:18am

elbert3
Joined Dec 2013 | Status: Member | 17,134 Posts

Quoting Dano12

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{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

Post #415,712
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May 26, 2015 8:34am May 26, 2015 8:34am

DoNUts
| Additional Username | Joined May 2015 | 146 Posts

First sell closed on 300 PIPS.
Second Sell still running as no BUY confirmed.

Post #415,713
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May 26, 2015 8:42am May 26, 2015 8:42am

Dano12
Joined Nov 2012 | Status: Member | 5,895 Posts

Quoting elbert3

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{quote} {image} tl up and down,, possible depending on news now

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Post #415,714
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May 26, 2015 9:04am May 26, 2015 9:04am

elbert3
Joined Dec 2013 | Status: Member | 17,134 Posts

Quoting Dano12

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{quote}

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careful

Post #415,715
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May 26, 2015 9:12am May 26, 2015 9:12am

Dano12
Joined Nov 2012 | Status: Member | 5,895 Posts

Quoting elbert3

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{quote} {image} careful

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Now pump and cutting HFT algos - Playing on data

Post #415,716
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May 26, 2015 9:31am May 26, 2015 9:31am

Darkforce
| Joined Feb 2011 | Status: Member | 1,237 Posts

Quoting elbert3

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{quote} {image} careful

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5390 and below are quite congested, I am still looking for long from here.

Post #415,717
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May 26, 2015 10:06am May 26, 2015 10:06am

Afterburner
| Joined Apr 2015 | Status: Member | 24 Posts

Quick question. Why isn't the data pushing this lower? Is it due to GDP figures coming out soon?

Post #415,718
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May 26, 2015 10:38am May 26, 2015 10:38am

Dano12
Joined Nov 2012 | Status: Member | 5,895 Posts

fibo time

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Post #415,719
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May 26, 2015 11:05am May 26, 2015 11:05am

DoNUts
| Additional Username | Joined May 2015 | 146 Posts

Quoting Afterburner

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Quick question. Why isn't the data pushing this lower? Is it due to GDP figures coming out soon?

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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.