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Cable Update (GBPUSD)

  • #416,241
  • Jun 5, 2015 12:30pm Jun 5, 2015 12:30pm
Quoting Fxentropy
im short 5280 for medium long term aiming 5100.. looking at daily its the only thing to do
Good luck with that for now.
  • #416,242
  • Jun 5, 2015 1:11pm Jun 5, 2015 1:11pm
Quoting GrowthHack
{quote} That was the huge correction of UJ's monthly chart 135 is the last target but yes it will retrace many time tomorrow's FOMC will make final decision of USD pairs include gbpusd.
Hit 1.5440 Tp'd that one and got only 50 pips. Bad considering my original buy on GBP was at 1.5286. Wow 135! I hope so. Shorted EUR/USD today at 1.11 post NFP. Waiting for 1.0850. In the mean time there will be many flips and dips but 1.08 is coming.
Be humble or be humbled.
  • #416,243
  • Jun 8, 2015 12:01am Jun 8, 2015 12:01am
Same as before , should test limit or as far possible before further down to 5088 - , 5000 -. so 5341 limit/50\5404 to limit 5446 test possible before bo 5200. take care , taking correction up can be be risky though as all target still remain down and at the same time failure can be at top , limit or even up..
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 48 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416,244
  • Jun 8, 2015 12:16am Jun 8, 2015 12:16am
Hello Fontu.

That was a very good observation that there is a horizontal channel that is slightly turning up to show the potential limit for a move up. if price breaks that upper side of a downward channel, the bullish harmonic pattern on the daiy and weekly chart would be correct to finish off a wave C up on the elliot wave analysis.
  • #416,245
  • Jun 8, 2015 12:35am Jun 8, 2015 12:35am
Taking out the sell limits and accumulating for an upmove toward 1.545/55 imo. Got a buy limit at 1.522, let's see if I'm reading MMs right
  • #416,246
  • Jun 8, 2015 12:47am Jun 8, 2015 12:47am
Quoting alexpi
Taking out the sell limits and accumulating for an upmove toward 1.545/55 imo. Got a buy limit at 1.522, let's see if I'm reading MMs right
I don't like the rejection (sellers) there, but I am gonna buy with you - bit higher at 1.5260.
Attached Image (click to enlarge)
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  • #416,247
  • Jun 8, 2015 1:51am Jun 8, 2015 1:51am
Quoting sakisf
{quote} I don't like the rejection (sellers) there, but I am gonna buy with you - bit higher at 1.5260. {image}
Here is where I'll start to look for an opportunity to move my long up because as you say it could be that there's not enough momentum for a drop into 1.522

All about that PA

Inserted Video
  • #416,248
  • Jun 8, 2015 1:56am Jun 8, 2015 1:56am
Quoting alexpi
{quote} Here is where I'll start to look for an opportunity to move my long up because as you say it could be that there's not enough momentum for a drop into 1.522 All about that PA https://www.youtube.com/watch?v=7PCkvCPvDXk
Seeing it now maybe it can go retest nfp low. My long is already RIP (s/o at 1.5235), opened a new one though.
  • #416,249
  • Jun 8, 2015 1:59am Jun 8, 2015 1:59am
Quoting yano125
Hello Fontu. That was a very good observation that there is a horizontal channel that is slightly turning up to show the potential limit for a move up. if price breaks that upper side of a downward channel, the bullish harmonic pattern on the daiy and weekly chart would be correct to finish off a wave C up on the elliot wave analysis.
For good daily\weekly TF bullish just expecting more correction down to continue UP or at least previous top to failure.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416,250
  • Jun 8, 2015 2:00am Jun 8, 2015 2:00am
Quoting sakisf
{quote} Seeing it now maybe it can go retest nfp low. My long is already RIP (s/o at 1.5235), opened a new one though.
Not good, better to be patient than clicking about

Some people might laugh at you for not taking trades as often as them, but best to wait for 2 days and take 1 trade than take 5 trades and get a winner with the last one, losing some psych-points along the way
  • #416,251
  • Jun 8, 2015 2:06am Jun 8, 2015 2:06am
Quoting alexpi
{quote} Not good, better to be patient than clicking about Some people might laugh at you for not taking trades as often as them, but best to wait for 2 days and take 1 trade than take 5 trades and get a winner with the last one, losing some psych-points along the way
I am addicted to opening random trades. It's like sweets, can't stop eating anything in vicinity.
  • #416,252
  • Jun 8, 2015 2:09am Jun 8, 2015 2:09am
Quoting sakisf
{quote} I am addicted to opening random trades. It's like sweets, can't stop eating anything in vicinity.
If people can stop hard drugs you can definitely stop gambling away your money. Your pocket will like it

Expect 1 more pump down from 1.525-1.526 and then we'll see if we get a break into 1.522 or not. Not trading still.
  • #416,253
  • Jun 8, 2015 2:12am Jun 8, 2015 2:12am
Is there a UK Inflation Report Hearing tomorrow? It isn't listed in the FF calendar, but it is in others.
  • #416,254
  • Jun 8, 2015 2:45am Jun 8, 2015 2:45am
http://www.forexfactory.com/showthre...49#post8309049
  • #416,255
  • Edited 4:04am Jun 8, 2015 3:18am | Edited 4:04am
Quoting alexpi
{quote} If people can stop hard drugs you can definitely stop gambling away your money. Your pocket will like it Expect 1 more pump down from 1.525-1.526 and then we'll see if we get a break into 1.522 or not. Not trading still.
Bought at 1.52225, gonna be careful with SL 1.522 and tp around 1.5249 for now since we couldn't clear the shorts there earlier.

Edit: It's squeezing too much, I'm out at 235. Whatever happens happens from here
  • #416,256
  • Jun 8, 2015 4:58am Jun 8, 2015 4:58am
we look forward to inputs of the US and back to the levels on which they ended Friday trading
  • #416,257
  • Jun 8, 2015 5:17am Jun 8, 2015 5:17am
Quoting fontu
Same as before , should test limit or as far possible before further down to 5088 - , 5000 -. so 5341 limit/50\5404 to limit 5446 test possible before bo 5200. take care , taking correction up can be be risky though as all target still remain down and at the same time failure can be at top , limit or even up.. fontu {image}
Perfect chart
  • #416,258
  • Jun 8, 2015 6:23am Jun 8, 2015 6:23am
Quoting Fxentropy
im short 5280 for medium long term aiming 5100.. looking at daily its the only thing to do
still holding it.
"What would you attempt to do, if you knew your success was a certainty?"
  • #416,259
  • Jun 8, 2015 10:44am Jun 8, 2015 10:44am
Main trend still up.
  • #416,260
  • Jun 8, 2015 10:50am Jun 8, 2015 10:50am
added a short at 5330. SL for both position are at 5375
"What would you attempt to do, if you knew your success was a certainty?"
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