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Cable Update (GBPUSD)

  • #419,161
  • Sep 7, 2015 6:53am Sep 7, 2015 6:53am
selling gbp/chf here. looks like a fooking day for the pound. will get pounded again
  • #419,162
  • Sep 7, 2015 7:26am Sep 7, 2015 7:26am
looks like its come to a halt, i would of it soon drop on that 4 hour to support then long, but lets see
  • #419,163
  • Sep 7, 2015 8:23am Sep 7, 2015 8:23am
Quoting elbert3
looks like its come to a halt, i would of it soon drop on that 4 hour to support then long, but lets see
Have taken a short here, Taking chance. Mys top 5290.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 74 KB
Intraday only.
  • #419,164
  • Sep 7, 2015 8:39am Sep 7, 2015 8:39am
well, survived by 1 pip, but not sure, might get stopped out.
Intraday only.
  • #419,165
  • Sep 7, 2015 8:44am Sep 7, 2015 8:44am
sticking to the plan Navk 5320 more then great , pp is on well in now from 5190 , just got to keep it want to get 5270 as a safe pp area
  • #419,166
  • Sep 7, 2015 8:44am Sep 7, 2015 8:44am
Quoting navk
well, survived by 1 pip, but not sure, might get stopped out.
I'm hoping you're right - I've taken a short at the top of that spike!
Focus.
  • #419,167
  • Sep 7, 2015 8:46am Sep 7, 2015 8:46am
Quoting elbert3
sticking to the plan Navk 5320 more then great , pp is on well in now from 5190 , just got to keep it want to get 5270 as a safe pp area
yes, I moving my stops too. And have added to to the spike.

This is usual b'cos of holiday. Thin volumes likely to break previous highs/lows.
Intraday only.
  • #419,168
  • Sep 7, 2015 8:48am Sep 7, 2015 8:48am
Quoting Marco-Kanto
{quote} I'm hoping you're right - I've taken a short at the top of that spike!
Pls. do not follow my trades, for that matter any one's trades.

I am most of times wrong.
Intraday only.
  • #419,169
  • Sep 7, 2015 8:52am Sep 7, 2015 8:52am
Quoting navk
{quote} Pls. do not follow my trades, for that matter any one's trades. I am most of times wrong.
I didn't mean that I'm following your trades - I just meant I hope you're right about a short position!
Focus.
  • #419,170
  • Sep 7, 2015 8:53am Sep 7, 2015 8:53am
Quoting navk
{quote} Pls. do not follow my trades, for that matter any one's trades. I am most of times wrong.
sorry buddy i have to lol at that, as long as the times your right outweigh the wrong ones,, like the other week ,, regards, ps if if this thing can get pas 2nd resistance 5450 ish then 5618 and above i think 5678, strong resistance there too
  • #419,171
  • Sep 7, 2015 8:53am Sep 7, 2015 8:53am
Quoting Marco-Kanto
{quote} I didn't mean that I'm following your trades - I just meant I hope you're right about a short position!
Intraday only.
  • #419,172
  • Sep 7, 2015 8:55am Sep 7, 2015 8:55am
Quoting elbert3
{quote} sorry buddy i have to lol at that, as long as the times your right outweigh the wrong ones,, like the other week ,, regards
Yeah true, the right calls outweigh the wrong ones.

Taking trades at the end of NY session at resistance/support can not usually go wrong.
Intraday only.
  • #419,173
  • Sep 7, 2015 9:00am Sep 7, 2015 9:00am
The last 4 hr candle for the day in another 1 hr. Retracement should be on its way, hope.
Intraday only.
  • #419,174
  • Sep 7, 2015 9:05am Sep 7, 2015 9:05am
Think it's time to long GBP again or this is just a temporary blip and further downside expected?
  • #419,175
  • Sep 7, 2015 9:19am Sep 7, 2015 9:19am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_m5.gif Size: 170 KB
  • #419,176
  • Sep 7, 2015 9:32am Sep 7, 2015 9:32am
side market

Quoting Bones
slight edit line ,not trustworthy at all after 200 pip in one day {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp USD (DFB).png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,177
  • Sep 7, 2015 1:14pm Sep 7, 2015 1:14pm
By tomorrow when this pair tests 1.5320, the 4-hr EMA50 (my yellow line) will coincide with the 23.6 retrace of the move from 1.5820 to 1.5170.
Small sell limit around there for a ride down to 1.46.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd9_07.png Size: 49 KB
Mark
  • #419,178
  • Sep 7, 2015 1:26pm Sep 7, 2015 1:26pm
Quote
By tomorrow when this pair tests 1.5320, the 4-hr EMA50 (my yellow line) will coincide with the 23.6 retrace of the move from 1.5820 to 1.5170.
Small sell limit around there for a ride down to 1.46.

pilottrader, would you mind explaining a little what do you mean and why - for the complete beginner dummy?
  • #419,179
  • Sep 7, 2015 1:51pm Sep 7, 2015 1:51pm
Quoting shnackattack
{quote} pilottrader, would you mind explaining a little what do you mean and why - for the complete beginner dummy?
Sure. When you get a nice bounce off of a resistance level (like a moving average line- the 4 lines on my chart are moving averages that I use) or a trend line or a Fibonacci level, that can be a good indicator to go in the direction of the bounce.

Look at the shape of the candle when it hits the line, or how quickly price moves off the line, and that can lead to a good trade.

Mark
Mark
  • #419,180
  • Sep 7, 2015 3:59pm Sep 7, 2015 3:59pm
Closed GU sell positions BE.

Will look to buy today.
Intraday only.
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