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Cable Update (GBPUSD)

  • #426,181
  • Mar 16, 2016 5:55am Mar 16, 2016 5:55am
could be


edit: forgot to update
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDDaily1.png Size: 29 KB
Come with me if you want to live....
  • #426,182
  • Mar 16, 2016 6:20am Mar 16, 2016 6:20am
#GBPUSD waiting for 1.4035 to buy pound could happen today or tomorrow.... watching PA for now....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 3-16-16.png Size: 32 KB
"W. D. Gann said that time is the most important factor among all things."
  • #426,183
  • Mar 16, 2016 6:57am Mar 16, 2016 6:57am
Quoting USDollar
#GBPUSD waiting for 1.4035 to buy pound could happen today or tomorrow.... watching PA for now.... {image}
Seniooor, is it wrong if I will open short Position if Candle Close below 1.40800??
the price isnt break the High Candle of Candle on March 2nd yet ???
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I'm new in forex. Bismillah. wish i can dive the wave
  • #426,184
  • Mar 16, 2016 7:04am Mar 16, 2016 7:04am
Quoting danirachman
{quote} Seniooor, is it wrong if I will open short Position if Candle Close below 1.40800?? the price isnt break the High Candle of Candle on March 2nd yet ??? {image}
Buddy, looking at your chart and your profile, just a piece of advise for you. Dont open so many trades. Start with good money management first, then go deeper into the strategy refinement. The general rule of thumb of never risking more than 2% of your account, works very well indeed.
  • #426,185
  • Mar 16, 2016 7:28am Mar 16, 2016 7:28am
Quoting danirachman
{quote} Seniooor, is it wrong if I will open short Position if Candle Close below 1.40800?? the price isnt break the High Candle of Candle on March 2nd yet ??? {image}
you could go short but IMO it could be short lived...... today could be a wild day... I recommend to not trade today unless you know what your doing and have risk management.... if you feel like you have a game plan and feel confident.... place a stop and set your risk first... if your right let it run, if your wrong, your stop will kick you right out with minor loss.... Hope this helps....

Now IMO I think pound goes lower and cracks that 1.4080 level.... but watch PA cause it is KING
"W. D. Gann said that time is the most important factor among all things."
  • #426,186
  • Mar 16, 2016 7:29am Mar 16, 2016 7:29am
Quoting 10cents
{quote} I actually went back to study my charts again after reading this. You have provided some very useful info. Closed my long -16 pips. Thanks a lot. Do you also have a support level at around 1.4000 - 4050 thereabout? Seems like the 1.45xx target you mentioned is still intact, but i got the support level totally wrong.
Cable is quite risky to long now, i suggest you stay away unless one of two occurs:

1. retest of today's low (or even a bit further up to 1.4065) with a strong bounce up on the 1 hr & 4 hr charts

2. PA dropping to 1.4025 - 1.4000 zone with consolidation in the way down, this might give a good opportunity for an amazing R:R trade

generally speaking I'm on the sideline for the time being until the FOMC "noise" is over and then will consider my position.
  • #426,187
  • Mar 16, 2016 7:31am Mar 16, 2016 7:31am
guessing the chancellors budget has started lol or was that just a range move
  • #426,188
  • Mar 16, 2016 7:34am Mar 16, 2016 7:34am
Quoting dean1star
guessing the chancellors budget has started lol or was that just a range move
Building Permits and Core CPI in the US.
  • #426,189
  • Mar 16, 2016 7:38am Mar 16, 2016 7:38am
http://www.bloomberg.com/live/europe
Live coverage of the annual budget release.
  • #426,190
  • Mar 16, 2016 7:41am Mar 16, 2016 7:41am
Quoting nick.m
{quote} Building Permits and Core CPI in the US.
thanks for the heads up cool - dont do news when scalping .. got buy coming up on pound dolllar and a sell on usd cad - thinking 20 pip moves apiece .. done 40 this morning so be nice to finsh on 80 pips for the day ..
  • #426,191
  • Mar 16, 2016 7:49am Mar 16, 2016 7:49am
Quoting dean1star
{quote} thanks for the heads up cool - dont do news when scalping .. got buy coming up on pound dolllar and a sell on usd cad - thinking 20 pip moves apiece .. done 40 this morning so be nice to finsh on 80 pips for the day ..
No problem Dean, GL on your trades. I'm currently short on GBP without a T/P looking for some longs.
  • #426,192
  • Mar 16, 2016 7:51am Mar 16, 2016 7:51am
#GBPUSD Short pound @ 1.4083 Target 1.4035 for a scalp
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 3-16-16.png Size: 34 KB
"W. D. Gann said that time is the most important factor among all things."
  • #426,193
  • Mar 16, 2016 7:53am Mar 16, 2016 7:53am
Okee thanks for the advice Sirs. I'll doo
I'm new in forex. Bismillah. wish i can dive the wave
  • #426,194
  • Mar 16, 2016 8:11am Mar 16, 2016 8:11am
waiting for long on pound dollar
closed on 20 with usd cad
  • #426,195
  • Mar 16, 2016 8:35am Mar 16, 2016 8:35am
Despite weaker US data, the pair keep testing lower, it would expose 1.40 important handle.
  • #426,196
  • Mar 16, 2016 8:43am Mar 16, 2016 8:43am
waiting for H1 close fib 61.8 and camarilla might be worth a scalp to to upsite
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 69 KB
persistence and determination alone are omnipotent
  • #426,197
  • Mar 16, 2016 8:52am Mar 16, 2016 8:52am
Quoting fxmasterdxb
{quote} Cable is quite risky to long now, i suggest you stay away unless one of two occurs: 1. retest of today's low (or even a bit further up to 1.4065) with a strong bounce up on the 1 hr & 4 hr charts 2. PA dropping to 1.4025 - 1.4000 zone with consolidation in the way down, this might give a good opportunity for an amazing R:R trade generally speaking I'm on the sideline for the time being until the FOMC "noise" is over and then will consider my position.
Looking at 1.4020 thereabout as well. Like you have mentioned, might be worth the risk....... not just the FOMC, there is BOE coming up as well, action pack week
  • #426,198
  • Mar 16, 2016 9:32am Mar 16, 2016 9:32am
140 700 target 141 000
  • #426,199
  • Mar 16, 2016 9:46am Mar 16, 2016 9:46am
Quoting Ll1979
waiting for H1 close fib 61.8 and camarilla might be worth a scalp to to upsite {image}
Hi LI, could you post your Camarilla and pivot indicators? are very aesthetically looking...

Thanks
Statement is the reflection of your State of Minde.
  • #426,200
  • Mar 16, 2016 10:01am Mar 16, 2016 10:01am
Quoting zojd
{quote} Hi LI, could you post your Camarilla and pivot indicators? are very aesthetically looking... Thanks
here ya go
Attached File(s)
File Type: ex4 Pivot2.ex4   37 KB | 362 downloads
File Type: ex4 ZMFX_all_pivot_levels_v2.ex4   29 KB | 358 downloads
File Type: mq4 ZMFX_all_pivot_levels_v2.mq4   19 KB | 362 downloads
persistence and determination alone are omnipotent
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