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Cable Update (GBPUSD)

  • #426,321
  • Mar 20, 2016 8:09pm Mar 20, 2016 8:09pm
Looks like GU wants to consolidate around last friday's low for an assault on 1.46.

Gonna see how strong this support is.........
  • #426,322
  • Edited 9:07pm Mar 20, 2016 8:43pm | Edited 9:07pm
Quoting 10cents
Looks like GU wants to consolidate around last friday's low for an assault on 1.46. Gonna see how strong this support is.........
Personally ones preference is to see if either 144 is broken or we take a bounce of the 144 200 higher to then retest lower with a run for the above 145 later on - indeed if the high is to be tested.

Running two sells from 144 900 and 145 000 spot - tp zone coming into play ..

BTW took the buy on Euro at 112 670 looking to close at 112 870 - quick scalp ..

Seems your uncertainty here on Pound Dollar needs some advice..

[quote=10cents;8825401]{quote} Do you mind sharing your target ..
  • #426,323
  • Mar 20, 2016 9:02pm Mar 20, 2016 9:02pm
Quoting Ill-b-back
{quote} Time Frame
Thanks...I need to get familiar with short forms....
  • #426,324
  • Mar 20, 2016 9:13pm Mar 20, 2016 9:13pm
90 pips profit plus some change have closed both sells - at 144 470
not a bad opening move - will wait to reload later - could be heading south this pair .. then we can buy em back or we wait for another sell - lets see
euro almost near to target for close 112 870
  • #426,325
  • Mar 20, 2016 9:17pm Mar 20, 2016 9:17pm
Quoting rhari139
{quote} Thanks...I need to get familiar with short forms....
no probs Rhari
Come with me if you want to live....
  • #426,326
  • Mar 20, 2016 11:35pm Mar 20, 2016 11:35pm
Quoting elbert3
{quote} {image} hold or fold ????? regards E
IMHO, I support short-term bears for GBPUSD unless it breaks 1.4580 on a closing basis.
  • #426,327
  • Mar 20, 2016 11:52pm Mar 20, 2016 11:52pm
I think we may see cable drop to 1.44 then move back up to 1.4570 ish
It's a big game.
  • #426,328
  • Mar 21, 2016 12:34am Mar 21, 2016 12:34am
This is for today Short GBPUSD !
Attached Image (click to enlarge)
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  • #426,329
  • Mar 21, 2016 1:45am Mar 21, 2016 1:45am
Gonna see if this 1.4380 - 1.4420 area holds......... looks like an area for a possible bounce to 1.46.
Don't think it is a good idea now to short at a support.
  • #426,330
  • Mar 21, 2016 1:52am Mar 21, 2016 1:52am
Attached Image (click to enlarge)
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  • #426,331
  • Mar 21, 2016 2:08am Mar 21, 2016 2:08am
Quoting 10cents
Gonna see if this 1.4380 - 1.4420 area holds......... looks like an area for a possible bounce to 1.46. Don't think it is a good idea now to short at a support.
Its an area to bounce 200 pips - thats a big bounce - is there perhaps any justification behind your bounce idea ..
Or just a lucky guess - buyers are not looking strong in this moment but its early days - lets see if we bounce 2 cents on the dollar

[quote=10cents;8826243]
Going to see - looks like - a possible - dont think - are all words assoicated with guessing .. laters dude - enough said
  • #426,332
  • Mar 21, 2016 2:30am Mar 21, 2016 2:30am
Dean --> This are my trades for today!
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  • #426,333
  • Mar 21, 2016 2:36am Mar 21, 2016 2:36am
looking at 1.43. anyone else?
  • #426,334
  • Mar 21, 2016 2:50am Mar 21, 2016 2:50am
Quoting Bicarus
looking at 1.43. anyone else?
Just thinking similar was going to suggest a buy and see if we Bounce of the 143 500 zone first ..

143 seems more justifiable when you consider the range this pair prefers ..
  • #426,335
  • Mar 21, 2016 3:01am Mar 21, 2016 3:01am
Quoting Fx_Anil
{quote} Hi E, Good Analysis, just saw that a break of 1.4580 becomes crucial for the pair while reversal is more likely if it dips below 1.4280 (as said by you). Have a great weekend.....
Attached Image (click to enlarge)
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lets see if that 4515 can be taken off now see you all later
  • #426,336
  • Mar 21, 2016 3:17am Mar 21, 2016 3:17am
Quoting Bicarus
looking at 1.43. anyone else?

Hope not...... just bought some at 1.438.

Targets:

1.4550 - 600 for GU
0.7750 for AU

  • #426,337
  • Mar 21, 2016 3:18am Mar 21, 2016 3:18am
My way of trading has 22 rules .. one of them is .. If I can close the daily target before London = Go to Gym my target is just 1000 USD/ Day .. I close on 1600.. witch was ok .. I wish you all green screen !!
  • #426,338
  • Mar 21, 2016 3:24am Mar 21, 2016 3:24am
Quoting aurelispas
My way of trading has 22 rules .. one of them is .. If I can close the daily target before London = Go to Gym my target is just 1000 USD/ Day .. I close on 1600.. witch was ok .. I wish you all green screen !!

Both are similar..... no pain no gain Lol
  • #426,339
  • Mar 21, 2016 3:33am Mar 21, 2016 3:33am
Buy at 143 900 lets see if it has some strength - stop loss in place ..
  • #426,340
  • Mar 21, 2016 3:34am Mar 21, 2016 3:34am
Quoting aurelispas
My way of trading has 22 rules .. one of them is .. If I can close the daily target before London = Go to Gym my target is just 1000 USD/ Day .. I close on 1600.. witch was ok .. I wish you all green screen !!
That makes total sense to me - depends on how many pips you need daily and your system right ..
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