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Cable Update (GBPUSD)

  • #422,441
  • Jan 21, 2016 5:57am Jan 21, 2016 5:57am
Quoting Ken A
{quote} I got S/O by Draghi But EURGBP short is running nicely
Draghi barley started caughing and everything related to euro fell, nice hedge with EURGBP
  • #422,442
  • Jan 21, 2016 6:08am Jan 21, 2016 6:08am
Quoting elbert3
{quote} they all dont give a shi??? if we lose money they just want you to do as many trades as you can , but if you think if,,if one blows an account they lose potential sales,so i like to think they would want you in the game for as long as possible , no trader means no wages for them .regards E
Okey, good luck.....
  • #422,443
  • Jan 21, 2016 6:20am Jan 21, 2016 6:20am
Might hedge here 4094 and 4127 area is possible target and a clue it to add more long,, just a little db on the 5 min 4078 sl, and keep short to 4016 ?
  • #422,444
  • Jan 21, 2016 6:25am Jan 21, 2016 6:25am
Quoting elbert3
Might hedge here 4094 and 4127 area is possible target and a clue it to add more long,, just a little db on the 5 min 4078 sl, and keep short to 4016 ?
looking like a bounce here , out of my shorts ,
  • #422,445
  • Jan 21, 2016 6:27am Jan 21, 2016 6:27am
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the wish list
  • #422,446
  • Jan 21, 2016 6:29am Jan 21, 2016 6:29am
4130 area is yesterday low, usually become resistance I assume false break (10-20 pips) above this level before hard fall again
  • #422,447
  • Jan 21, 2016 6:32am Jan 21, 2016 6:32am
Quoting KucinkGaronk
4130 area is yesterday low, usually become resistance I assume false break (10-20 pips) above this level before hard fall again
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lets see gl
  • #422,448
  • Jan 21, 2016 6:42am Jan 21, 2016 6:42am
4120 area is 38.2 fib level from today 4076 - 41988, seems like hard to overcome
  • #422,449
  • Jan 21, 2016 6:43am Jan 21, 2016 6:43am
History in the making.
  • #422,450
  • Jan 21, 2016 7:20am Jan 21, 2016 7:20am
Finally , a poke thru 4118
  • #422,451
  • Jan 21, 2016 8:08am Jan 21, 2016 8:08am
would watch for todays S1 and yesterdays low as a support area atm, showed this chart earlier with the H&S patterns , not that they are the holy grail but they can give clues, Looks like the smaller H&S sellers figured they did their job by putting in a new low , inverted pattern at the bottom is about the same size altho a lot quicker in the making , my question is wht will the sellers from the bigger pattern do if and when price gets 1.42 ish area and back into the averages that have held this in on the trip down.
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  • #422,452
  • Jan 21, 2016 8:16am Jan 21, 2016 8:16am
And S1 did get used for support lol, takes me to long to post charts, was also weekly s1 area 1.4135 ish
  • #422,453
  • Jan 21, 2016 8:25am Jan 21, 2016 8:25am
Scalper picture,
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  • #422,454
  • Jan 21, 2016 8:33am Jan 21, 2016 8:33am
And a little longer view,
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  • #422,455
  • Jan 21, 2016 9:23am Jan 21, 2016 9:23am
Took another GUSD H1 trade after taking initial profit.

Any feedback? thanks
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FXafrica " it is in giving that you receive..."
  • #422,456
  • Jan 21, 2016 9:35am Jan 21, 2016 9:35am
Quoting elbert3
Might hedge here 4094 and 4127 area is possible target and a clue it to add more long,, just a little db on the 5 min 4078 sl, and keep short to 4016 ?
ho ho ho 4235 is the one i would say then we look again
  • #422,457
  • Jan 21, 2016 9:50am Jan 21, 2016 9:50am
Quoting Fxafrica
Took another GUSD H1 trade after taking initial profit. Any feedback? thanks {image}
I wouldnt have taken a new trade there for the reasons listed, we are also up against todays R1 and back to the quarterly S2 .Yesterdays high in the area too. Not that it wont go eventually but not my area ,I have been closing scalps here tho. E you nailed it lol .
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  • #422,458
  • Jan 21, 2016 9:56am Jan 21, 2016 9:56am
Quoting digger1
{quote} I wouldnt have taken a new trade there for the reasons listed, we are also up against todays R1 and back to the quarterly S2 . Not that it wont go eventually but not my area ,I have been closing scalps here tho. E you nailed it lol . {image}

Absolutely, although i marked it for some reason i did not see it.

Many thanks. Any good indicator to display S and R...
FXafrica " it is in giving that you receive..."
  • #422,459
  • Jan 21, 2016 10:01am Jan 21, 2016 10:01am
Quoting Fxafrica
{quote} Absolutely, although i marked it for some reason i did not see it. Many thanks. Any good indicator to display S and R...
Easy to miss with a move like that , really the ole standard S1, 2 3 and the R1 2 and 3 work as well as any, have to keep track of the daily and weeklys for the most part , nice to know where the quarterlies are at too. Then its just the yo-yo ride in between them all
  • #422,460
  • Jan 21, 2016 10:03am Jan 21, 2016 10:03am
Quoting Fxafrica
{quote} Absolutely, although i marked it for some reason i did not see it. Many thanks. Any good indicator to display S and R...
I would say it will survive, last weeks low is just 30 pips above , should take a whack at that before it settles much
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