Cable Update (GBPUSD) | Page 21332 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #426,621
  • Mar 24, 2016 4:52am Mar 24, 2016 4:52am
Quoting Jonstaples
Going long above 1.4085 up to 1.4145 due to a potential double bottom on the daily and 4H chart.
H4 and D1 didn't close yet.
  • #426,622
  • Mar 24, 2016 5:16am Mar 24, 2016 5:16am
I cannot see any long signal in GU yet, however, different story in EU! those long wicks on 4h and 1h if can be accompanied with a strong bullish candle will difinetly form a long signal for me, waiting for the hour close for confirmation
  • #426,623
  • Mar 24, 2016 5:19am Mar 24, 2016 5:19am
EU H4 setting up in a flag pattern but still lacking clarity on the direction. Still could make sense since dollar rallied for pretty much 4 days in a row, could take a dive now any moment, streak like that don't last.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
  • #426,624
  • Mar 24, 2016 5:20am Mar 24, 2016 5:20am
GU turning bullish breaking out of the M30 downwards sloping trendline could be a mover now.
  • #426,625
  • Mar 24, 2016 5:23am Mar 24, 2016 5:23am
sold EURGBP now @ 7920
  • #426,626
  • Mar 24, 2016 5:29am Mar 24, 2016 5:29am
GBP/USD definitely found some support at 1.4050, not to mention that there's a hammer candlestick on the 4-hour time frame. I think it will retrace back to 1.4150.
  • #426,627
  • Mar 24, 2016 5:33am Mar 24, 2016 5:33am
Cable at major support at 1.4100. Will it rebound to the upside?
Thin holiday trading makes technical levels more responsive

There are some technical reasons to buy:

Psych level
38.2% Fib
Stochs oversold on daily charts
Major support
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 93 KB
HumbleTraders
  • #426,628
  • Mar 24, 2016 5:35am Mar 24, 2016 5:35am
Quoting asgcorp
I guess market take on retail sales is still negative, since last print was 2.3% getting a negative 0.4 is not that exciting at all, overall looks like GU selling is not done yet.
Typical scams. They dropped it post-news to make you think this down move is not over. And here we go
  • #426,629
  • Mar 24, 2016 5:42am Mar 24, 2016 5:42am
added last short at 4131
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 34 KB
Click to Enlarge Name: GBPUSDH11.png Size: 35 KB
Come with me if you want to live....
  • #426,630
  • Mar 24, 2016 5:44am Mar 24, 2016 5:44am
GBP/USD
what will be the scenario with UK strong retail sales data today? Pair already breaking the resistance line 1.412
Cham
  • #426,631
  • Mar 24, 2016 5:45am Mar 24, 2016 5:45am
EG approaching breakout retest
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 29 KB
Come with me if you want to live....
  • #426,632
  • Mar 24, 2016 5:50am Mar 24, 2016 5:50am
Quoting Ill-b-back
4090(ish) area looks like resistance to me. Don't think we will retest the TL this week {image} {image}
or maybe we will
Come with me if you want to live....
  • #426,633
  • Edited 2:51pm Mar 24, 2016 5:57am | Edited 2:51pm
#9 Trade Entry

Momentum is changing upward, RSI is below 30 and Hammer formed on H4.
I will execute my previous trade setup.

Just made a few adjustments on the entry.

As said in previous post I will only risk 1% of my account. Lotsize is calculated on my S/L.

I'm in @ 1.41309 (EMA 5 will cross SMA 8) | Gold
With a S/L at 1.40559 (75 PIPS) | Red
And a T/P at 1.42809 (150 PIPS) | Green
I will let 20% of the traded lotsize run with adjustable S/L. Possible targets 1.43709 (240PIPS) / 1.45059 (375PIPS) | Green

If it opens above 1.41609 (30PIPS) I will move to breakeven 1.41339 (3PIPS). | Blue
-> Here I am setting an alert to manage the trade. (Which will be sent to my phone, don't you love technology? )
If it hits 1.42059 (75 PIPS) I will close in MAP wich is set at 1.41509 (20PIPS). | Brown
-> Here also I will set an alert.

Outlook will be adjusted if EMA 5 crosses SMA 8 and H4 candle closes.

Thumbs up!

Setup
http://www.forexfactory.com/showthre...23#post8833423
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
Click to Enlarge Name: Screenshot2.png Size: 59 KB
What's that smell? ---- I smell money!
  • #426,634
  • Mar 24, 2016 6:03am Mar 24, 2016 6:03am
kudos guys whoever got in long GU before the move, my system didn't tell me to go long GU. )) So I went short EURGBP instead.
  • #426,635
  • Mar 24, 2016 6:03am Mar 24, 2016 6:03am
Quoting fxmasterdxb
I cannot see any long signal in GU yet, however, different story in EU! those long wicks on 4h and 1h if can be accompanied with a strong bullish candle will difinetly form a long signal for me, waiting for the hour close for confirmation
no long signal on EU but a totally different story in GU! i'll wait for another hour close to take a long in GU
  • #426,636
  • Mar 24, 2016 6:04am Mar 24, 2016 6:04am
Quoting fxmasterdxb
{quote} no long signal on EU but a totally different story in GU! i'll wait for another hour close to take a long in GU
GU already broke way past it's open so it's a long only currently.
  • #426,637
  • Mar 24, 2016 6:14am Mar 24, 2016 6:14am
Quoting asgcorp
{quote} GU already broke way past it's open so it's a long only currently.
well i cannot agree any more, however, i'd rather to get further confirmation before jumping the train
  • #426,638
  • Mar 24, 2016 6:18am Mar 24, 2016 6:18am
If it can break through 1.4142 it should reach 1.42
It's a big game.
  • #426,639
  • Mar 24, 2016 6:20am Mar 24, 2016 6:20am
USD news coming up soon (1 hour). However my expectation now is that even positive will effect EURUSD much more than GBP USD. GU was hit hard already this week for pretty much no reason (Brexit BS).
  • #426,640
  • Mar 24, 2016 6:22am Mar 24, 2016 6:22am
made the biggest mistake listen to some peoples i closed my 3 lots long position and was waiting to go down 3960 but it went up like i wanted i wished i never listen to peoples
1,848 traders viewing now