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Cable Update (GBPUSD)

  • #425,561
  • Mar 1, 2016 8:28am Mar 1, 2016 8:28am
651 sold pound dollar 139 651 - position trade stop loss in place of course

target 138 500
  • #425,562
  • Mar 1, 2016 8:28am Mar 1, 2016 8:28am
Quoting slk
Nobody thinking abt going long?
if you want to go long get in at a discount not premium..... wait for PA to Retrace
"W. D. Gann said that time is the most important factor among all things."
  • #425,563
  • Mar 1, 2016 8:33am Mar 1, 2016 8:33am
Quoting dean1star
651 sold pound dollar 139 651 - position trade stop loss in place of course target 138 500
Nice entry Dean. I was reluctant since we have data in 27'. GL
  • #425,564
  • Mar 1, 2016 8:34am Mar 1, 2016 8:34am
Quoting USDollar
{quote} if you want to go long get in at a discount not premium..... wait for PA to Retrace
Of course definitely on a retrace, but just get the feeling bears are exhausted. Well, lets wait and see.
  • #425,565
  • Mar 1, 2016 8:36am Mar 1, 2016 8:36am
Quoting nick.m
{quote} Nice entry Dean. I was reluctant since we have data in 27'. GL
Tricky trade this one Nick but its a position so always expect to get a bounce back up if it bounces higher then i usually reload ..
  • #425,566
  • Mar 1, 2016 8:47am Mar 1, 2016 8:47am
Quoting slk
{quote} Of course definitely on a retrace, but just get the feeling bears are exhausted. Well, lets wait and see.
I will be going long but it has to be at a certain price...... If my calculation are correct this 2-29-16 pivot low could be a swing in play..... so I will be watching
"W. D. Gann said that time is the most important factor among all things."
  • #425,567
  • Mar 1, 2016 8:53am Mar 1, 2016 8:53am
Quoting USDollar
{quote} I will be going long but it has to be at a certain price...... If my calculation are correct this 2-29-16 pivot low could be a swing in play..... so I will be watching
Do you mean a change in the overall trend?
  • #425,568
  • Mar 1, 2016 8:56am Mar 1, 2016 8:56am
Quoting nick.m
{quote} Do you mean a change in the overall trend?
could be its the half way point within time and price, for now i'm taking it as a swing trade if it plays out.... it could pop for a few days and then retrace back.... dont know or it could be a change in trend.... for now lets take it as a swing trade.... and watch PA
"W. D. Gann said that time is the most important factor among all things."
  • #425,569
  • Mar 1, 2016 9:20am Mar 1, 2016 9:20am
01 March GBPUSD Short

At daily charts, GBPUSD is looking aggressively bearish, but at the same time it is approaching a major, multi-year support at 1.36.
It is logical to assume that GBPUSD will have another leg down towards 1.36 before we see any recovery in this market.
Next low risk short entry could be located at 1.4050. This level could serve a resistance as the price reacted to it few times in the past. (see screenshot).
There is an opportunity for bears around 1.4050.
This trade could be based on price action only.
Stochastic are not in favour of short positions.
Pivot point are not in strong resistance.


Date: 03/01/2016
Pair: GBPUSD
Price: 1.4050
Trade: Sell Limit
Lot Size: 0.03
Stop Loss in Pips: 100
Take profit in pips: 200
Risk of Equity: 2%

My Trading Checklist

ARE THERE MAJOR RISK EVENTS TODAY/THIS WEEK: Yes
Is the market risk off or on? SP500, DAX, NIKKEI. Are the down or up: Risk On
Is this trade with the trend?: Yes
Did I see it yesterday?: Yes
Is this a pullback measured by Fibs?: Yes
Am I buying support?: N/A
Am I selling resistance?: Yes
Is this entered during Londons session?: Not sure. Its a pending order
Did the price pulled back from 200MA on 15Min?: Yes
Are stochs extreme on multi charts?: No
Where is the price in terms of Pivots Points?: Support
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd5.JPG Size: 142 KB
HumbleTraders
  • #425,570
  • Mar 1, 2016 9:22am Mar 1, 2016 9:22am
The Pair found support at 3920!!!don't know it will break down today, todays move seems totally was correction even on Bad News!
  • #425,571
  • Mar 1, 2016 9:27am Mar 1, 2016 9:27am
Quoting gfscapital
01 March GBPUSD Short At daily charts, GBPUSD is looking aggressively bearish, but at the same time it is approaching a major, multi-year support at 1.36. It is logical to assume that GBPUSD will have another leg down towards 1.36 before we see any recovery in this market. Next low risk short entry could be located at 1.4050. This level could serve a resistance as the price reacted to it few times in the past. (see screenshot). There is an opportunity for bears around 1.4050. This trade could be based on price action only. Stochastic are not in...
That is some serious analysis dude. Nice planning.
  • #425,572
  • Mar 1, 2016 9:28am Mar 1, 2016 9:28am
Quoting Dr.Zain
The Pair found support at 3920!!!don't know it will break down today, todays move seems totally was correction even on Bad News!
Guessing the support was equal to the low of asia this morning ..
  • #425,573
  • Mar 1, 2016 10:08am Mar 1, 2016 10:08am
Possible fall to 1.35
  • #425,574
  • Mar 1, 2016 10:11am Mar 1, 2016 10:11am
#GBPUSD so far so good my 1.3994 short working well
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 3-1-16.png Size: 73 KB
"W. D. Gann said that time is the most important factor among all things."
  • #425,575
  • Mar 1, 2016 10:15am Mar 1, 2016 10:15am
Flat @ 1.3909 nice scalp to start the day
"W. D. Gann said that time is the most important factor among all things."
  • #425,576
  • Mar 1, 2016 10:38am Mar 1, 2016 10:38am
Target aim 138 500 - potential reverse and buy back zone .. presuming we do get there that is ..
  • #425,577
  • Mar 1, 2016 10:44am Mar 1, 2016 10:44am
Quoting dean1star
{quote} Guessing the support was equal to the low of asia this morning ..
Yep almost today's low,,,
  • #425,578
  • Mar 1, 2016 11:38am Mar 1, 2016 11:38am
now waiting for a retest of the low in the smaller time frame to go long now
"W. D. Gann said that time is the most important factor among all things."
  • #425,579
  • Mar 1, 2016 11:52am Mar 1, 2016 11:52am
lunch time be back later
"W. D. Gann said that time is the most important factor among all things."
  • #425,580
  • Mar 1, 2016 12:56pm Mar 1, 2016 12:56pm
Steady rising against M5 ma? Is this thing about to crash down? Or is it going to pop up?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFM5.png Size: 51 KB
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luisinho
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