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Cable Update (GBPUSD)

  • #416,441
  • Jun 15, 2015 6:40am Jun 15, 2015 6:40am
Alexpi,,thank you very much for the insite. i look at the daily and weekly as part of my strategy now when planning for the upcoming weeks trades. I will start looking at them with the info you provided and see if it works for me. Not all of the advice i get works me and some i just never fully understand it's over my head ,but some does and has helped.
Thank you again
  • #416,442
  • Jun 15, 2015 6:51am Jun 15, 2015 6:51am
Quoting Amg63
Alexpi,,thank you very much for the insite. i look at the daily and weekly as part of my strategy now when planning for the upcoming weeks trades. I will start looking at them with the info you provided and see if it works for me. Not all of the advice i get works me and some i just never fully understand it's over my head ,but some does and has helped. Thank you again
No problem. Good luck
  • #416,443
  • Jun 15, 2015 7:32am Jun 15, 2015 7:32am
Quoting badblood
Hello Thinking to trade back to 1.55220 {image}
Done - fortunate.
You can be anything you want to be
  • #416,444
  • Jun 15, 2015 8:02am Jun 15, 2015 8:02am
Quoting badblood
{quote} Done - fortunate.
Nice

I'm accumulating some shorts here. Looking for 1.548/9 and then 1.542/3
  • #416,445
  • Jun 15, 2015 8:06am Jun 15, 2015 8:06am
Hello

Short still look ok on 1hr chart. But scalp.

If one looks at volume indi - one cannot allocate direction to color - but under certain conditions - the green thrust could mean reversal from that close..

I took short.
You can be anything you want to be
  • #416,446
  • Jun 15, 2015 8:11am Jun 15, 2015 8:11am
Agreed, if no good movements happen in the next 2 hours gonna bail on them

In this case I'm shorting because there wasn't enough momentum coming from 1.549/551 and news to bring price above 1.555. This means no one is willing to buy higher than here => bull move is losing steam
  • #416,447
  • Jun 15, 2015 8:34am Jun 15, 2015 8:34am
i think some range is ahead soon and then a reversal might happen
Attached Image (click to enlarge)
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  • #416,448
  • Edited 9:32am Jun 15, 2015 9:13am | Edited 9:32am
breaks 5513 ok , intention can be more down with breaks 5466+20 . price failing up further or difficulty now ( better more up though,5581 or more) so can test 5500 before further up try or another failure .so a test short start scalping to more if 5232 base , all ok. reaction up areas 5500,5465,5440/30.otherwise all ups will short test with care though.
lets see ,
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 39 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416,449
  • Jun 15, 2015 10:23am Jun 15, 2015 10:23am
Stay at 1.55555 if there is no positive news or crossed this area before London close, other ways after london close it may reach at 1.56300
Its trying to cross today opened area
Attached Image (click to enlarge)
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  • #416,450
  • Jun 15, 2015 10:38am Jun 15, 2015 10:38am
In 15 min chart added mark it was the reason of rejection from 1.5560
Next target is 1.5590 then 1.5630 if it continue up.
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  • #416,451
  • Jun 15, 2015 11:18am Jun 15, 2015 11:18am
GBP USD = EUR USD
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  • #416,452
  • Jun 15, 2015 11:26am Jun 15, 2015 11:26am
Scalping area until tomorrow's CPI
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  • #416,453
  • Jun 15, 2015 12:44pm Jun 15, 2015 12:44pm
Attachment
Attached Image (click to enlarge)
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  • #416,454
  • Jun 15, 2015 6:07pm Jun 15, 2015 6:07pm
Hi guys, this is my battle plan for GU this week.

- We are in a trend up
- We have reached 1.618 from the first leg up
- We have a good structure left
- A triangle is forming and a 0.386 retracements fits the squema.

Attached Image (click to enlarge)
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Short retracement, then Long hoping we break highs this week.
Live and Keep Calm
  • #416,455
  • Jun 15, 2015 7:36pm Jun 15, 2015 7:36pm
Maximum possible TP in today's range
Attached Image (click to enlarge)
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  • #416,456
  • Jun 15, 2015 11:31pm Jun 15, 2015 11:31pm
If u dont buy then get out from the way of GU train. It will smash u this week. After my analysis it will hit 5900 as minimum this week.
Of cource the FED may brake the previous week low 5220 but that would be fantastic move. Look weekly FAT GREET CANDLE OF PREVIOUS WEEK that a signals me that trend is continues UP.

I think its better now to stay away till the end of the june cause it will definettly go to 5900,6000 or even 6125. Dont sell.
The only thing that stop me from buying in 5200 level it was that it didnt look like correction wave from 5815. Corrections usually are form 200-450 points.
645 pips correction wave !!!! ? LOL But to buy in 5480 also risky because we got 645 pips wave down.
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  • #416,457
  • Jun 15, 2015 11:36pm Jun 15, 2015 11:36pm
Quoting Trader88q
If u dont buy then get out from the way of GU train. It will smash u this week. After my analysis it will hit 5900 as minimum this week. Of cource the FED may brake the previous week low 5220 but that would be fantastic move. Look weekly FAT GREET CANDLE OF PREVIOUS WEEK that a signals me that trend is continues UP. I think its better now to stay away till the end of the june cause it will definettly go to 5900,6000 or even 6125. Dont sell. {image}
Do you think bad UK cpi data will pull it down?
  • #416,458
  • Jun 15, 2015 11:43pm Jun 15, 2015 11:43pm
Quoting kiyo
{quote} Do you think bad UK cpi data will pull it down?
No. Even if data will be bad it could rise up. The CPI is not a topic of this week. Fed meeting will shake the market.
I would think that till meeting GU will rise.
Of course u may try to sell 5700 with SL 5750 TP 5400 but it s very risky. I think it will go to 5860 5900.
Again if you think about selling remember that faking green weeklly cande of last week. Somebody opened huge amount of longs last week. The hunters of 6000.
  • #416,459
  • Jun 16, 2015 1:03am Jun 16, 2015 1:03am
Quoting GrowthHack
Maximum possible TP in today's range {image}
Hope so , not today , may take few days more as it is in strong bull\correction & all failure should be at top areas \previous high.\ or around with test again & again as there chances/fear of a medium to moderate failure next swing to 5270 base to validate to 5169 before next up swing and or failure to further down, breaks for 5088 possible & more to the previous low .

lets see rest of the week & early next for the failure at some top. anyway test shorts taking at times to see only.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 50 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #416,460
  • Edited 1:37am Jun 16, 2015 1:27am | Edited 1:37am
Quoting Trader88q
If u dont buy then get out from the way of GU train. It will smash u this week. After my analysis it will hit 5900 as minimum this week. Of cource the FED may brake the previous week low 5220 but that would be fantastic move. Look weekly FAT GREET CANDLE OF PREVIOUS WEEK that a signals me that trend is continues UP. I think its better now to stay away till the end of the june cause it will definettly go to 5900,6000 or even 6125. Dont sell. The only thing that stop me from buying in 5200 level it was that it didnt look like correction wave from...
May be a zigzag train waiting where both bull-bears would be benefited if have patience without any ego for sure.mothly\weekly views & never to ignores Daily down all tf intention of HS.for very short term , now , if price just breaks 5586 down then then can rest 5540 to 5500 before next up.
if this month close over 5600 ( still more time there to ) then chances it can go towards 5800 or so ,lets see .
Take care ,
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 52 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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