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Cable Update (GBPUSD)

finally after a few days I've started to see the signs I'm lookin for to begin a solid short. Nothing entered yet but I'm itching to pull the trigger.
Quoting Kajos2250
{quote} GU D1 Gmt+2 Limit triggered, let us see if bullish marubozu could hold and push the price up above .5500 again then YPP ~6087 or turn down again for .5000... Good luck! {image}
GU D1 GMT+2

Interested IB.
i think Fakey long will be born, ihope!
The bullish marubozu is still in game, trend is up, do you job!
buy limit .5738, YPP ~6087...

Good luck!
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Anything is math!
just my way of trading... ;]
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forex... like it, trade it and manage it... get your profit...!!!
Have stopped posting here and haven't in awhile but I feel GU is heading for its final plunge and will be helped along by the Greek fiasco. I have entered several positions (starting last week) at 1.58 with a hard SL at 1.62.
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Quoting Ksth
{quote} ya hopefully gbp can reach 1.6 that is a good area to short.
Yes, the downward price action in the last 24hrs. has been corrective, expecting another push up towards 1.600 area.

As all corrections will be retraced either completely or partially.
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Elliott Wave for optimum entry, exit and risk management of trades
Quoting alexpi
Needs to break and close below 1.568 today or tomorrow, at the latest, for shorts to be valid at 1.582 and 1.586/7 There will be a final long chance if it breaks 1.568. Entry will depend on 15M signals, don't know if/where it will happen but target will be 1.579/1.58. One more scenario is 1.573/4 long supported by a 30M short trendline break. Edit: Everything else just offers horrible RR ratio and is untradable for me.
Grabbed a short from 1H 20 EMA upward cross/15m h&s yesterday

I'm revising my statement from yesterday. Even if it breaks below 1.568 it will most likely be a bear trap as price will drop into the Daily demand at 1.565/4

Price has overcome the 1.53/54 flip zone and is now reacting to the 1.58/59 flip zone for a 7th week in a row, but 1.53/54 is a monthly flip zone while this is weekly. There is just too much upward momentum to build a short at this spot.

Here are some charts for a change
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FOMC speaks start at the time of NY open but i think correction just before / after Tokyo close
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Quoting Dano12
{quote} They need to break 1.5800 if look on 1,61
My short went in at 1.59, still looking for that solid downward shift below 1.58. Maybe I need to shift attention to oil, its looking easier to predict and trade.
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Quoting Dano12
{image}
Always nice to see someone with nearly the same expectations/targets as yourself
Went short yesterday from 1.58698 down to 1.5795 before being stopped out...Im went short again this morning @1.579..expect to ride the elevator down to 1.565 before we hit the brakes...with that said I don't have a TP target...which ever way it goes I will simply oblige, follow and get out/in when the market says i should
NYC opening up I am hoping it will confirm downward trend. It just refuses to bust through 1.5777. If it does then the beers are on me.
good afternoon guys hope your all well ,
Quoting elbert3
good afternoon guys hope your all well ,
were well but cable make me ill
Quoting elbert3
good afternoon guys hope your all well ,
Yo Elbert, all fine, with the shine coming back to the USD. Anyways is everything ok ? Youve been missing from the scene lately
Quoting forexer11
{quote} were well but cable make me ill
yes it can do that,, hope to see 5678 , nice number ,
Quoting pipsdotpk
{quote} Yo Elbert, all fine, with the shine coming back to the USD. Anyways is everything ok ? Youve been missing from the scene lately
yes have trades but not posting as much great not being tied i think once you get off this for a few days it makes you see more of life,lol regards
Quoting elbert3
{quote} yes have trades but not posting as much great not being tied i think once you get off this for a few days it makes you see more of life,lol regards
True that anyways as long as your all right and things are fine, it shouldnt matter. Anyways mind if I ask at what rates will you put longs ?
shorts closed.

Waiting, but nice levels to buy gbpusd.

2 cents for long.
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