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Cable Update (GBPUSD)

  • #425,741
  • Mar 3, 2016 1:32pm Mar 3, 2016 1:32pm
Quoting Darkforce
{quote} I had another look and I think the bottom holds for now, so stay with long now
Consider it done Sir
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 24 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 25 KB
Come with me if you want to live....
  • #425,742
  • Mar 3, 2016 2:26pm Mar 3, 2016 2:26pm
Quoting Ill-b-back
{quote} Consider it done Sir {image} {image}
  • #425,743
  • Mar 3, 2016 3:59pm Mar 3, 2016 3:59pm
GBPUSD long from 1.3917 flat 1.4192. Great scalp! Pound could go higher but I'm locking in $$$$
tomorrow candle could bring the drop or 3-7-16. Will be watching. Kudos to the ones that were long!
"W. D. Gann said that time is the most important factor among all things."
  • #425,744
  • Mar 3, 2016 4:03pm Mar 3, 2016 4:03pm
Quoting USDollar
GBPUSD long from 1.3917 flat 1.4192. Great scalp! Pound could go higher but I'm locking in $$$$ tomorrow candle could bring the drop or 3-7-16. Will be watching. Kudos to the ones that were long!
had a short from 1.4165 or so, closed for +23, tried to add on the way down but got caught for -15 or so, was tempted for another short at 1.14190 but going to wait for 1.14120 tomorrow for any look into a short
  • #425,745
  • Mar 3, 2016 4:40pm Mar 3, 2016 4:40pm
Quoting elbert3
{quote} Hi D not sure if it wants to go long ??
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 65 KB
keep or sell ?? is it pull back or is it time ti fill the gap
  • #425,746
  • Mar 3, 2016 4:45pm Mar 3, 2016 4:45pm
Quoting Don96
{quote} had a short from 1.4165 or so, closed for +23, tried to add on the way down but got caught for -15 or so, was tempted for another short at 1.14190 but going to wait for 1.14120 tomorrow for any look into a short
I hear ya, my goal for this scalp was to hit my target.... and target was hit so locking $$$$$$Been doing it for years so I never give it back :-)
"W. D. Gann said that time is the most important factor among all things."
  • #425,747
  • Mar 3, 2016 4:48pm Mar 3, 2016 4:48pm
Attached Image (click to enlarge)
Click to Enlarge Name: d.png Size: 72 KB
stick the fib ext on the day ?? its a bit tight to see , but it could range around here till it hits the tl and go up ? or down, at the meeting point, , might be worth long scalping around this area ???? lots if if and buts, yes
  • #425,748
  • Mar 3, 2016 4:51pm Mar 3, 2016 4:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: 5.png Size: 74 KB
break out ... next tl attraction ??? or 4230 area is a spoiler ? 4106 could see a confirm breakout and 10 em hit to long
  • #425,749
  • Mar 3, 2016 6:15pm Mar 3, 2016 6:15pm
1.42258 is yearly pivot points support 1 (now resistance) and nice resistance on daily +10/20 pips= short at around 1.4240
  • #425,750
  • Mar 3, 2016 7:21pm Mar 3, 2016 7:21pm
#GBPUSD tighten stop if your long, could go higher but also could retrace.... 3-4-16 is a day if my calculation are correct could retrace.... if not it could go higher and then retrace 3-7-16 so watch PA to confirm your analysis ....
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #425,751
  • Mar 3, 2016 8:25pm Mar 3, 2016 8:25pm
Read something in the Vantage FX blog thats on the Forex Factory news section today and it made me think.

The risk heading into NFP really is USD to the down side no matter the decision thanks to the way the market is perceiving the Fed's decision making.

With Cable technicals where they are, I love the idea of longing here.
  • #425,752
  • Mar 3, 2016 9:18pm Mar 3, 2016 9:18pm
Quoting TheFxAnalyst
going to set a couple of triggers on this thing. one for when the BO/Momentum subside, might take some small exposure at that point, then another for a BO higher. I never set my triggers on the G/J and am currently kicking myself in the ass for it... was a very nice move. {image}
The bullish call from a few days ago is pretty well played out, we're all back to neutral now, as far as my stuff goes.
Attached Image (click to enlarge)
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When you hit 50, coffee becomes part of a proper modeling pipeline.
  • #425,753
  • Mar 4, 2016 1:11am Mar 4, 2016 1:11am
I think that GBPUSD has formed a medium term bottom already. It only needs a rally trigger. Could be NFP?

Anyway, here's the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-d1-fxpro-financial-services.png Size: 56 KB
  • #425,754
  • Mar 4, 2016 1:43am Mar 4, 2016 1:43am
Quoting midouch
I think that GBPUSD has formed a medium term bottom already. It only needs a rally trigger. Could be NFP? Anyway, here's the chart. {image}
who said so?? check the crosses. it is incredibly weak and may get a hammering any time today again
  • #425,755
  • Mar 4, 2016 2:08am Mar 4, 2016 2:08am
Quoting Badem
Read something in the Vantage FX blog thats on the Forex Factory news section today and it made me think. The risk heading into NFP really is USD to the down side no matter the decision thanks to the way the market is perceiving the Fed's decision making. With Cable technicals where they are, I love the idea of longing here.
you could be right but check the USD monthly/weekly chart, currently retesting broken long term resistance, now support. Going long GU here and you are buying at firm resistance.
Come with me if you want to live....
  • #425,756
  • Mar 4, 2016 2:14am Mar 4, 2016 2:14am
I wouldn't recommend trading G crosses before todays data release unless you already have a position / good strategy and/or good money management

after data release / monday open seems good,
remember next week there is Draghi on Thu.
  • #425,757
  • Mar 4, 2016 2:37am Mar 4, 2016 2:37am
aiming to close at 141 150 for 50 pips on the down move.
this move however might be an M pattern .. but lets wait and see..
  • #425,758
  • Mar 4, 2016 2:39am Mar 4, 2016 2:39am
Quoting dean1star
aiming to close at 141 150 for 50 pips on the down move. this move however might be an M pattern .. but lets wait and see..
Are u averaging yr trades Dean?
  • #425,759
  • Mar 4, 2016 2:46am Mar 4, 2016 2:46am
Quoting slk
{quote} Are u averaging yr trades Dean?
Interesting call there Slk - i am out of position on the sells but working on a new system to get one trade a day on the range -
Usually i make 400 pips net monthly so 100 pips a week plus change is cool and i know end of the month i will get that .. we play the waiting game - How are you doing ..
Its tricky but not impossible right ..
  • #425,760
  • Mar 4, 2016 2:50am Mar 4, 2016 2:50am
1h see if the macro data US will be wave 5 or done only ABC correction and return to the strengthening USD

as well as EUR USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_H1..11.gif Size: 200 KB
Click to Enlarge Name: EURUSD_H1.gif Size: 187 KB
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