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Cable Update (GBPUSD)

  • #416,501
  • Jun 16, 2015 6:50am Jun 16, 2015 6:50am
If i lose the trend, whatever, but i feel like its wrong.
  • #416,502
  • Jun 16, 2015 6:55am Jun 16, 2015 6:55am
Quoting Dimitris91
{quote} Honestly, I cant and shouldnt short before U.S news come up at least 5 minutes before... It has momentum and its moving upwards why short it. For me its just the wrong move. Thats just me...
im not telling you what to do. so dont take it the wrong way. i agree that its looking long and traveling north right now. but, my opinion on GU, GJ and EU is that this AREA that is being approached is the top. Not calling out numbers, that would be foolish since i dont know. But, im looking for a confirmation in this area to short. Imo, and its just me, id rather look for a 400 pip trade as opposed to a 20,30,40 pip trade. Cheers and good luck
  • #416,503
  • Edited 7:12am Jun 16, 2015 6:58am | Edited 7:12am
Simply explained by two lines ... stay around 1.5660 to 1.5555 area
Attached Image (click to enlarge)
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  • #416,504
  • Jun 16, 2015 6:59am Jun 16, 2015 6:59am
Quoting raiders
{quote} im not telling you what to do. so dont take it the wrong way. i agree that its looking long and traveling north right now. but, my opinion on GU, GJ and EU is that this AREA that is being approached is the top. Not calling out numbers, that would be foolish since i dont know. But, im looking for a confirmation in this area to short. Imo, and its just me, id rather look for a 400 pip trade as opposed to a 20,30,40 pip trade. Cheers and good luck
Thanks and good luck to you as well. No worries i didnt take it the wrong way.
  • #416,505
  • Jun 16, 2015 7:05am Jun 16, 2015 7:05am
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mm
  • #416,506
  • Jun 16, 2015 7:06am Jun 16, 2015 7:06am
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mmm
  • #416,507
  • Jun 16, 2015 7:34am Jun 16, 2015 7:34am
Tomorrow UK macro data and the FOMC and the decision
  • #416,508
  • Jun 16, 2015 7:39am Jun 16, 2015 7:39am
no need to do technical or prediction whatsoever.

follow the big boys move only.
  • #416,509
  • Jun 16, 2015 8:00am Jun 16, 2015 8:00am
Quoting elbert3
{image} mmm
Hi E, good to see you back. Remember, money cannot buy a healthy body - and mind lol regards
Fix up, trade sharp ...
  • #416,510
  • Jun 16, 2015 8:20am Jun 16, 2015 8:20am
GBPUSD extends its bounce from sub-1.5200 mark important support and now seems all set to be headed towards 1.5800 mark resistance before aiming 1.5930 resistance area.
  • #416,511
  • Jun 16, 2015 8:47am Jun 16, 2015 8:47am
Quoting Fx-gtg
{quote} 2nd long 1.5280 atm 1.5278
Holding this long . 1.59 not too far now. 1.5635 atm
  • #416,512
  • Jun 16, 2015 9:20am Jun 16, 2015 9:20am
Quoting elbert3
{image} mmm
Hi Elbert it has been sometime since we last spoke, i read over on Scotts Page that you passed out or something similar, its amazing how a year can just fly bye, you were just off to Goa i think, near to me, but enough of the small chat, hope that your up and about and trading well.
  • #416,513
  • Jun 16, 2015 1:30pm Jun 16, 2015 1:30pm
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  • #416,514
  • Jun 16, 2015 1:35pm Jun 16, 2015 1:35pm
Quoting ItsAtrap
{quote} Aaaaand I am still in this long trade which got triggered on 9 June. Update with chart. Locked in just under 100 pips of profit and letting it run. I hope it won't die of exhaustion! {image}

I have now taken profit on 1/2 of my position for just under 300 pips. The rest of the position remains on, with an updated stop-loss as per chart (a 4H chart).
Attached Image (click to enlarge)
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  • #416,515
  • Jun 16, 2015 1:35pm Jun 16, 2015 1:35pm
Quoting Dano12
{image}
hi, how far do you think you will go cable?
  • #416,516
  • Jun 16, 2015 1:40pm Jun 16, 2015 1:40pm
Quoting garmin12
{quote} hi, how far do you think you will go cable?
They are under reluctantly tomorrow decisions, data from the U of K and FOMC
  • #416,517
  • Jun 16, 2015 1:46pm Jun 16, 2015 1:46pm
Quoting Dano12
{quote} They are under reluctantly tomorrow decisions, data from the U of K and FOMC
yes it is true, let us wait and see tomorrow. Maybe I'll have what happiness and cable will go down.
  • #416,518
  • Jun 16, 2015 1:53pm Jun 16, 2015 1:53pm
I am seeing this in hourly chart.
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Intraday only.
  • #416,519
  • Jun 16, 2015 2:06pm Jun 16, 2015 2:06pm
any1 shorting gu here?
  • #416,520
  • Jun 16, 2015 7:12pm Jun 16, 2015 7:12pm
Possible range before GBP news
Attached Image (click to enlarge)
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