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Cable Update (GBPUSD)

  • #425,501
  • Feb 29, 2016 6:01am Feb 29, 2016 6:01am
Quoting Darkforce
I think shorting cable from 1.39 again is probably worth a try. The broken flag project to 1.35-1.36, I suspect at current sentiment, market will try at least push it down once more for at least 200 pips.
The trend is still very bearish but there is are two dojis and an inverted hammer candlestick on the 4-hour time frame, I think it might climb first before it continues falling.
  • #425,502
  • Feb 29, 2016 6:07am Feb 29, 2016 6:07am
Quoting amonshi
{quote} Good suggestion, I already have a short position @ 1.3880
stopped out @BE, should've closed it earlier​
Letting losses run is the most serious mistake made by most investors.
  • #425,503
  • Feb 29, 2016 6:18am Feb 29, 2016 6:18am
4 Hr if closes 3920!!!
  • #425,504
  • Feb 29, 2016 6:19am Feb 29, 2016 6:19am
Quoting mlawson71
{quote} The trend is still very bearish but there is are two dojis and an inverted hammer candlestick on the 4-hour time frame, I think it might climb first before it continues falling.
Don't worry too much of HTF trend unless either your trading HTF or your entry is not very tight. Focus on trend of the moment for intraday scalp is ok.

I just took long from 1.3868, and I am targeting 1.39, might exit earlier if got another M15 close below 1.3882, let's see,
  • #425,505
  • Feb 29, 2016 6:20am Feb 29, 2016 6:20am
Quoting Dr.Zain
4 Hr if closes 3920!!!
I don't know what you are talking about, but 3920 is the number that I like for today.
  • #425,506
  • Feb 29, 2016 6:33am Feb 29, 2016 6:33am
Quoting Darkforce
{quote} Don't worry too much of HTF trend unless either your trading HTF or your entry is not very tight. Focus on trend of the moment for intraday scalp is ok. I just took long from 1.3868, and I am targeting 1.39, might exit earlier if got another M15 close below 1.3882, let's see,
Love the pinbar, a HH and LL, might be an algo trick, but I got out at the M1 pinbar, wait for another long, 1.39/1.3920 is still on the card.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFM1.png Size: 47 KB
  • #425,507
  • Feb 29, 2016 6:36am Feb 29, 2016 6:36am
Quoting Darkforce
{quote} I don't know what you are talking about, but 3920 is the number that I like for today.
I asked the traders if the pair hits 3920? i am neutral till 3920
  • #425,508
  • Feb 29, 2016 6:43am Feb 29, 2016 6:43am
Quoting Dr.Zain
{quote} I asked the traders if the pair hits 3920? i am neutral till 3920
We have the 3 UK PMIs running Tuesday - Thursday, so far can't see market want to pre-run any of those. So today might just be a big range. In this scenario I fully agree with your 3920.
  • #425,509
  • Feb 29, 2016 6:53am Feb 29, 2016 6:53am
Quoting Darkforce
{quote} Love the pinbar, a HH and LL, might be an algo trick, but I got out at the M1 pinbar, wait for another long, 1.39/1.3920 is still on the card. {image}
Feck the algos, start looking for shorts at this level
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFM15.png Size: 44 KB
  • #425,510
  • Feb 29, 2016 8:39am Feb 29, 2016 8:39am
Quoting edyraper
will start bidding gbpusd around 1.35 for monthly swing targetting 1.60+- feb. 5th 2016
it's getting closer , I have one long in with no leverage , I'll wait to see clear PA to add longs on ...
even if it's break down the 1.350x last LL (2009) it has attraction at 1.7x so ... , without LL would be better (less drawdown) for me ...

cheers
  • #425,511
  • Feb 29, 2016 9:08am Feb 29, 2016 9:08am
entered short @1.3920
  • #425,512
  • Feb 29, 2016 9:38am Feb 29, 2016 9:38am
Quoting gold-analyst
entered short @1.3920
Seems bit early,,,as 4hr closed above 3920.
  • #425,513
  • Feb 29, 2016 9:39am Feb 29, 2016 9:39am
I had longs open and I'm still keeping them open because I think it might reach 1.4000 again.
  • #425,514
  • Feb 29, 2016 9:45am Feb 29, 2016 9:45am
i just closed my short as it was not retracing. and left a pending sell on euro at 1.0858
Quoting Dr.Zain
{quote} Seems bit early,,,as 4hr closed above 3920.
  • #425,515
  • Feb 29, 2016 10:39am Feb 29, 2016 10:39am
Quoting james1254
I had longs open and I'm still keeping them open because I think it might reach 1.4000 again.
3920 is bit tricky, if not sustain could retest 3877!!
  • #425,516
  • Feb 29, 2016 1:58pm Feb 29, 2016 1:58pm
Quoting Jonstaples
We might see a short squeeze this week , before another leg down.
You're right about that.
1.4 might get hit this week before more down towards 1.36.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 23 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 32 KB
Come with me if you want to live....
  • #425,517
  • Feb 29, 2016 2:14pm Feb 29, 2016 2:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 30 KB
Come with me if you want to live....
  • #425,518
  • Feb 29, 2016 2:53pm Feb 29, 2016 2:53pm
Intraday bias in GBP/USD remains on the downside for the moment. Current decline is expected to target 1.3503 low next.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-riston-capital-ltd-3.png Size: 22 KB
  • #425,519
  • Feb 29, 2016 11:43pm Feb 29, 2016 11:43pm
GBP rallying before PMI,,,looks PMI goinn to be positive!!!
  • #425,520
  • Feb 29, 2016 11:46pm Feb 29, 2016 11:46pm
Quoting Dr.Zain
GBP rallying before PMI,,,looks PMI goinn to be positive!!!
Look at the overall sentiment.
Don't get mad, get even!
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