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Cable Update (GBPUSD)

  • #425,941
  • Mar 8, 2016 8:18am Mar 8, 2016 8:18am
Not sure if this H1 pinbar will play out, the wick is slightly shorter than I'd like though
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFH1.png Size: 50 KB
  • #425,942
  • Mar 8, 2016 8:29am Mar 8, 2016 8:29am
Quoting Darkforce
Not sure if this H1 pinbar will play out, the wick is slightly shorter than I'd like though {image}
This is trash. This is not pinbar.
  • #425,943
  • Mar 8, 2016 8:30am Mar 8, 2016 8:30am
Im long GU 1.42022 but dunno..
  • #425,944
  • Mar 8, 2016 8:30am Mar 8, 2016 8:30am
#GBPUSD so far short looking good..... need to close below 1.4200 to get the momo started to the downside
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #425,945
  • Mar 8, 2016 8:33am Mar 8, 2016 8:33am
I'm now long --

Entry: 1.4207
Stop loss: 1.4180
Take profit: manual

Looks like I might be caught in a trap, here!
  • #425,946
  • Mar 8, 2016 8:41am Mar 8, 2016 8:41am
Quoting lakhan
Im long GU 1.42022 but dunno..
out for 0.
  • #425,947
  • Mar 8, 2016 9:07am Mar 8, 2016 9:07am
Quoting USDollar
#GBPUSD so far short looking good..... need to close below 1.4200 to get the momo started to the downside {image}
if you don't mind would be interessed where your target is
  • #425,948
  • Mar 8, 2016 9:23am Mar 8, 2016 9:23am
Cable trying to touch monthly pivot 1.41380 again
Failure is not failure if you learn from it...
  • #425,949
  • Mar 8, 2016 9:44am Mar 8, 2016 9:44am
Quoting suneth2
Cable trying to touch monthly pivot 1.41380 again
I am shorting from 4196, after got burnt once for long from 1.4200(didn't get out quick enough)

I target 4117.

Watch this H4 close see if it either close below 4171, or leaves a bit space to crush 4171
  • #425,950
  • Mar 8, 2016 9:45am Mar 8, 2016 9:45am
Quoting Darkforce
{quote} I am shorting from 4196, after got burnt once for long from 1.4200(didn't get out quick enough) I target 4117. Watch this H4 close see if it either close below 4171, or leaves a bit space to crush 4171
Devil's advocate opinion on the above - is the H1 candle currently in reversal mode, if it closes as it looks now?
  • #425,951
  • Mar 8, 2016 9:55am Mar 8, 2016 9:55am
Quoting Luzbay
{quote} Devil's advocate opinion on the above - is the H1 candle currently in reversal mode, if it closes as it looks now?
It touched 4171 and bounced, to me if H4 closes 10-15 pips above that, there will certainly be a re-test.

If H4 closed too high above, maybe above 4200, then we are probably reversing back.
  • #425,952
  • Mar 8, 2016 10:07am Mar 8, 2016 10:07am
if this H4 candle finishes in the green, are we on a rocket?
  • #425,953
  • Mar 8, 2016 10:14am Mar 8, 2016 10:14am
Target aim is 142 500 btw
  • #425,954
  • Mar 8, 2016 10:23am Mar 8, 2016 10:23am
H4 almost forming a pinbar, might wanna hold your long​
Letting losses run is the most serious mistake made by most investors.
  • #425,955
  • Mar 8, 2016 10:47am Mar 8, 2016 10:47am
Quoting amonshi
H4 almost forming a pinbar, might wanna hold your long​
Bearish bar with non-negligible wick on top, I'd be careful with long, while I'd be more inclined to sell if it goes higher.
  • #425,956
  • Mar 8, 2016 11:00am Mar 8, 2016 11:00am
I am also considering opening longs, what's stopping me is that hanging man candlestick on the daily time frame.
  • #425,957
  • Mar 8, 2016 12:57pm Mar 8, 2016 12:57pm
watch out for H4 GU channel upside breakout.
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Click to Enlarge Name: Screenshot1.png Size: 24 KB
  • #425,958
  • Mar 8, 2016 3:42pm Mar 8, 2016 3:42pm
#GPBUSD locked in $$$ @ 1.4177, sup right @ the angle....... was hoping for more downside, but it could crack the angle, but for now I will be on the sideline and watch tonight PA.... if it cracks the angle I will load up again to the short side...... not bad for short @ 1.4234 & 1.4274 covered @ 1.4177
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #425,959
  • Mar 8, 2016 5:49pm Mar 8, 2016 5:49pm
The pullback on the daily chart of the GBPUSD may be losing its strength and the following days may show a continuation to the downside.
  • #425,960
  • Mar 9, 2016 1:10am Mar 9, 2016 1:10am
I will be looking to go short today. I agree with the previous comment that the daily price looks like it's now on the way down and I expect good news from the UK today, however, I think this has already been priced in and the bears will take over again.

No trades as yet.
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