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Cable Update (GBPUSD)

  • #417,181
  • Jul 15, 2015 3:36am Jul 15, 2015 3:36am
5595 i have target bounce area
  • #417,182
  • Jul 15, 2015 3:38am Jul 15, 2015 3:38am
Quoting elbert3
5595 i have target bounce area
or resistance 5643 now if it breaks either then that might show direction
  • #417,183
  • Jul 15, 2015 3:42am Jul 15, 2015 3:42am
Closed my long at 5566, and Dragon long at 188.50, will see what is next direction, cant take a risk
  • #417,184
  • Jul 15, 2015 3:45am Jul 15, 2015 3:45am
Quoting elbert3
{quote} or resistance 5643 now if it breaks either then that might show direction
I prefer down More targets.
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  • #417,185
  • Jul 15, 2015 3:51am Jul 15, 2015 3:51am
disappointing employment data from Uk. Move down on data finding support/abounce at the former 1hr/4hr swing hi area - ie previous resistance...offers to 5680 reported then 5700-10 stops above, bids to 5600....that 5680 begins the former 4hr/daily swing hi/lo area that was resistance then support and has acted as resistance again at the present high.

best wishes.
Attached Image(s) (click to enlarge)
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it's all gone a bit........
  • #417,186
  • Jul 15, 2015 3:52am Jul 15, 2015 3:52am
Quoting sakisf
{quote} Buy or bye bye rate increase in 2015? Imo, it could still go to 1.58 before retracing, pound is a bitch when it decides to move to one direction and disregards even important news. Can't break 1.56 anyway with so bad news (kinda mixed actually). {image}
SELL
1.56591
Stake
Stop
([COLOR=#EC174A !important]–[/color]/[COLOR=#0076C0 !important]–[/color])
Guaranteed Stop
Set Trailing Stop
Limit
([COLOR=#EC174A !important]1.55903[/color]/[COLOR=#0076C0 !important]1.57061[/color])P/L £[COLOR=#0076C0 !important]1,197.00[/color]
Hedging
Margin required for trade:
735.00 GBP
i had tp 5590
  • #417,187
  • Jul 15, 2015 3:55am Jul 15, 2015 3:55am
That was a chance to get back into "Trend"
I will work to Objectively Identify my Edges
  • #417,188
  • Jul 15, 2015 3:55am Jul 15, 2015 3:55am
Quoting giveachance
{quote} woooooh.how many positions you holding?? be careful.. data is poor. carney could not take it to 1.57
ten positions at that time, got 5 more when gu down after i posting the pict.
got close the last 5 positions... ;]
forex... like it, trade it and manage it... get your profit...!!!
  • #417,189
  • Jul 15, 2015 3:58am Jul 15, 2015 3:58am
Quoting elbert3
{quote} SELL 1.56591 Stake Stop (/) Guaranteed Stop Set Trailing Stop Limit (1.55903/1.57061)P/L 1,197.00 Hedging Margin required for trade: 735.00 GBP i had tp 5590
Well, if it breaks 1.5647 again then it goes for 1.57+. You should have done manual close at the rejection.
Attached Image
  • #417,190
  • Jul 15, 2015 3:59am Jul 15, 2015 3:59am
Quoting sakisf
{quote} Well, if it breaks 1.5647 again then it goes for 1.57+. You should have done manual close at the rejection. {image}
lol ????? mmmmm
  • #417,191
  • Jul 15, 2015 4:00am Jul 15, 2015 4:00am
strong bounce up from that 5600/monthly pivot area...I'm not seeing a downtrend on any t/f 1hr to daily and even weekly is looking 'constructive.'

best wishes.
it's all gone a bit........
  • #417,192
  • Jul 15, 2015 4:01am Jul 15, 2015 4:01am
Quoting sakisf
{quote} Buy or bye bye rate increase in 2015? Imo, it could still go to 1.58 before retracing, pound is a bitch when it decides to move to one direction and disregards even important news. Can't break 1.56 anyway with so bad news (kinda mixed actually). {image}
i use technical analysis not fundamental analysis and i use my risk management even though this is a demo acc... ;]
forex... like it, trade it and manage it... get your profit...!!!
  • #417,193
  • Jul 15, 2015 4:09am Jul 15, 2015 4:09am
SELL
1.56357
Stake
Stop
([COLOR=#EC174A !important]–[/color]/[COLOR=#0076C0 !important]–[/color])
Guaranteed Stop
Set Trailing Stop
Limit
([COLOR=#EC174A !important]1.55859[/color]/[COLOR=#0076C0 !important]1.56837[/color])P/L £[COLOR=#0076C0 !important]1,008.00[/color]
Hedging
Margin required for trade:
735.00 GBP
  • #417,194
  • Jul 15, 2015 4:12am Jul 15, 2015 4:12am
strong resistance not easy to break right away that
Attached Image (click to enlarge)
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  • #417,195
  • Edited 4:37am Jul 15, 2015 4:20am | Edited 4:37am
likely a few traders got long on close of yesterday's daily candle - very bullish candle...crossing fingers right now then ?

5699 next 'significant' fib above current hi...ie 61.8% 5929-5328....

best wishes
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it's all gone a bit........
  • #417,196
  • Jul 15, 2015 4:39am Jul 15, 2015 4:39am
bounce short lived as sellers come again...likely retest of bids to 5600 ? below here 5580, then 5550 the reported bids.

best wishes
it's all gone a bit........
  • #417,197
  • Jul 15, 2015 4:44am Jul 15, 2015 4:44am
Quoting TerpFan2
{quote} Hey Dano, Great Chart as usual Partner... 'Haven't been in the Joint, in some time here; Too much "making the donuts work" w/the Phone Company vs. making the donuts the Elliot way. Thank You for your "Bigger Picture" here. I see even though we may be making a larger, Wave-C, we are in a 2nd 5-Wave Run-Up, to make this Wave "C" on your chart. -This, after the smaller a-b-c. All the Best Dano, and all, Jeff
resistance not easy to break right away that
  • #417,198
  • Jul 15, 2015 4:53am Jul 15, 2015 4:53am
anyone's guess from here...61.8% of that last 1hr swing up from 5556 at the current lo today...bounce from there found sellers again and a bit in no man's land in this moment.

best wishes.
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it's all gone a bit........
  • #417,199
  • Jul 15, 2015 4:55am Jul 15, 2015 4:55am
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thats this mornings plan locking in 2 trades profit might pull them ??
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  • #417,200
  • Jul 15, 2015 4:58am Jul 15, 2015 4:58am
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come on ,, worse case 5410, but a lot to do
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Waveskierrob