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Cable Update (GBPUSD)

  • #424,901
  • Feb 22, 2016 7:07am Feb 22, 2016 7:07am
Buy pound dollar at 140 850

Stop loss in place -

Potential one trade of two positions.

Expecting to be out of postion after todays price action.
  • #424,902
  • Feb 22, 2016 7:10am Feb 22, 2016 7:10am
Long 1.40803 SL 1.4055
  • #424,903
  • Feb 22, 2016 7:13am Feb 22, 2016 7:13am
#GBPUSD keep an eye on 8:33 AM NYC pound PA could get volatility
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"W. D. Gann said that time is the most important factor among all things."
  • #424,904
  • Feb 22, 2016 7:16am Feb 22, 2016 7:16am
looking for some scalping
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persistence and determination alone are omnipotent
  • #424,905
  • Feb 22, 2016 7:30am Feb 22, 2016 7:30am
Attached Image (click to enlarge)
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  • #424,906
  • Feb 22, 2016 7:34am Feb 22, 2016 7:34am
Quoting edyraper
{quote} it has possible normal retrace toward 45ish looking for bids around here , if there is gonna be a new yLL then 4527 has a path first ... for bears it would be higher to short at 45ish ...
45 ish retrace wouldn't be surprise before 4037 voids if 4037 get's hit bought 4072 SL 4036 if got S/O will try at 3857 nothing else to do at these levels ...
Attached Image
  • #424,907
  • Feb 22, 2016 7:34am Feb 22, 2016 7:34am
Heres the chart for the previous buy on pound dollar.
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  • #424,908
  • Feb 22, 2016 7:37am Feb 22, 2016 7:37am
I've got a buy on GBP/USD 14090 with a tight SL.
  • #424,909
  • Feb 22, 2016 7:37am Feb 22, 2016 7:37am
Quoting Blackopal
Long 1.40803 SL 1.4055
Good luck ..
  • #424,910
  • Feb 22, 2016 7:42am Feb 22, 2016 7:42am
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  • #424,911
  • Feb 22, 2016 7:46am Feb 22, 2016 7:46am
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  • #424,912
  • Feb 22, 2016 7:46am Feb 22, 2016 7:46am
Quoting dean1star
{quote} Good luck ..

Cheers mate and good luck to you
  • #424,913
  • Feb 22, 2016 7:50am Feb 22, 2016 7:50am
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  • #424,914
  • Feb 22, 2016 8:03am Feb 22, 2016 8:03am
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  • #424,915
  • Feb 22, 2016 8:05am Feb 22, 2016 8:05am
So down continues ,take care .fontu

http://www.forexfactory.com/showthre...84#post8769084
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 36 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #424,916
  • Feb 22, 2016 8:19am Feb 22, 2016 8:19am
How low can it goes?? This is crazy... almost 600 pips and still going down
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Don't trust me. I'm still newbie
  • #424,917
  • Feb 22, 2016 8:30am Feb 22, 2016 8:30am
Double Bottom,,,enough is enough
  • #424,918
  • Feb 22, 2016 8:34am Feb 22, 2016 8:34am
Quoting Dr.Zain
Double Bottom,,,enough is enough

LOL. AGREED. It's just hard to apply brakes to a runaway train. They're smokin' but might be starting to work
  • #424,919
  • Feb 22, 2016 8:35am Feb 22, 2016 8:35am
Quoting Dr.Zain
Double Bottom,,,enough is enough
Need to see a break above 1.41 1.4106 to feel confident about some further retracement coming. Otherwise it could be just trapped in a narrow range and waiting for another blow to the bottom.

1.40 is close, and we haven't been below that for a really long time
  • #424,920
  • Feb 22, 2016 8:40am Feb 22, 2016 8:40am
Quoting edyraper
{quote} 45 ish retrace wouldn't be surprise before 4037 voids if 4037 get's hit bought 4072 SL 4036 if got S/O will try at 3857 nothing else to do at these levels ...{image}
I have same thinking. I will likely wait for that retrace to short gu. Do you have similar short term outlook in eu? Looking for retrace from current levels then a decent drop lower.
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