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Cable Update (GBPUSD)

  • #426,661
  • Mar 24, 2016 9:26am Mar 24, 2016 9:26am
too early to call obviously but that ugly H4 combo on GU could turn into inside bar, and bears take over from that point until 3960.
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  • #426,662
  • Mar 24, 2016 9:29am Mar 24, 2016 9:29am
Quoting asgcorp
{quote} exactly tight as hell. Tmrw also banking holidays. Come back here on Monday. Overall looks like the move today north lacks followthrough, as someone pointed correctly previously we got rejected @ DP today. So probably still go more south, looking @ 3960 as support and see if pound can (finally) catch some bid there. Until then.
Could be wrong but I think the pounds gonna head back up now, maybe not to todays high, have to wait and see
Don't Leave Money on the Table
  • #426,663
  • Mar 24, 2016 9:42am Mar 24, 2016 9:42am
yup matching low. could be a reason for a rise
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #426,664
  • Mar 24, 2016 9:44am Mar 24, 2016 9:44am
Quoting HaLBot
{quote} Could be wrong but I think the pounds gonna head back up now, maybe not to todays high, have to wait and see
I second that. But hey nothing for certain in this market, oterwhise I was already kickin it in the caribbean since people are blowing themselves up in my country....
What's that smell? ---- I smell money!
  • #426,665
  • Mar 24, 2016 9:44am Mar 24, 2016 9:44am
Quoting asgcorp
too early to call obviously but that ugly H4 combo on GU could turn into inside bar, and bears take over from that point until 3960. {image}
based on that can you help me about USD-CAD whats your expectations its will raise or there is chance to fall again to 1.32
  • #426,666
  • Mar 24, 2016 9:47am Mar 24, 2016 9:47am
Quoting niubee
{quote} wow almost same position I'm short @1.41346 [email protected] [email protected]
Awesome, but I must say it has been hard my last 2 trades have been minor losers. been long twice and did not pan out..... so im going the other side.... lets hope we are right or right out
"W. D. Gann said that time is the most important factor among all things."
  • #426,667
  • Mar 24, 2016 9:49am Mar 24, 2016 9:49am
if/when pound breaks above 4040 definately a long trade. currently just messing around +-20 or so points from the open.
  • #426,668
  • Mar 24, 2016 9:51am Mar 24, 2016 9:51am
Quoting asgcorp
{quote} exactly tight as hell. Tmrw also banking holidays. Come back here on Monday. Overall looks like the move today north lacks followthrough, as someone pointed correctly previously we got rejected @ DP today. So probably still go more south, looking @ 3960 as support and see if pound can (finally) catch some bid there. Until then.
true but they know where we are lol .. how many traders globally have taken a short position on this high of the day so far - short scalp u get away with it - if your on a position for the day you might be exposed to a higher price - you know the game and how well its played
  • #426,669
  • Mar 24, 2016 9:53am Mar 24, 2016 9:53am
Quoting Ll1979
took a long EURUSD anticipating on break trendline support: fib 38.2 pp D S1 trendline risking +/-22 pips {image}
taking a long on Euro but not just yet think they gonna re test that low and then going for it - again 20 pip aim max
if i miss it then will catch the next one
  • #426,670
  • Mar 24, 2016 9:53am Mar 24, 2016 9:53am
Quoting asgcorp
too early to call obviously but that ugly H4 combo on GU could turn into inside bar, and bears take over from that point until 3960. {image}
Unfortunately it doesn't happen. Its Gonna be another Pull Back
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #426,671
  • Mar 24, 2016 9:53am Mar 24, 2016 9:53am
Quoting tom2015
{quote} based on that can you help me about USD-CAD whats your expectations its will raise or there is chance to fall again to 1.32
UCAD monthly dropped straight into demand zone, so it caught decent bid and can go up to 3600 now, since Brent is below 40 and expected to go back to 30 pretty much could be a non-stop ride to 3600.
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  • #426,672
  • Mar 24, 2016 9:56am Mar 24, 2016 9:56am
Quoting USDollar
{quote} Awesome, but I must say it has been hard my last 2 trades have been minor losers. been long twice and did not pan out..... so im going the other side.... lets hope we are right or right out
Ohhh no it seems not right.
I close my short immediately.
Wait if it will break through 1.4150 (fibo 38.2).
Don't trust me. I'm still newbie
  • #426,673
  • Edited 3:03pm Mar 24, 2016 10:02am | Edited 3:03pm
#9 Trade management

Moved my S/L to 5 pips below previous candle on the H4. Trying to get break even as quickly as possible this way to prevent a possible bounce on the trendline to take me out of the trade.

Will move to breakeven if it opens above 1.41609 | Blue
Will move to MAP if it hits 1.42059 | Brown

Setup
http://www.forexfactory.com/showthre...23#post8833423
Entry
http://www.forexfactory.com/showthre...08#post8833808
Outlook
http://www.forexfactory.com/showthre...36#post8834236
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What's that smell? ---- I smell money!
  • #426,674
  • Mar 24, 2016 10:04am Mar 24, 2016 10:04am
Quoting sgkrishn
{quote} Unfortunately it doesn't happen. Its Gonna be another Pull Back {image}
could be anything, all I know is that I don't get in long before a clean break of 4040, and don't go short still. It could be a few ranging sessions, since we had a strong move previously, very possible that we range open +-50 points and do pretty much nothing could be today and also low liquidity friday. So could be a worth it taking a break until Monday!
  • #426,675
  • Mar 24, 2016 10:17am Mar 24, 2016 10:17am
Quoting asgcorp
{quote} UCAD monthly dropped straight into demand zone, so it caught decent bid and can go up to 3600 now, since Brent is below 40 and expected to go back to 30 pretty much could be a non-stop ride to 3600. {image}
thanks for the respond actually I was thinking baker hughes oil count report will drop USD CAD down to 1.32
what do you think
  • #426,676
  • Mar 24, 2016 10:28am Mar 24, 2016 10:28am
Tiem to sell?
Don't give up
  • #426,677
  • Mar 24, 2016 11:16am Mar 24, 2016 11:16am
Quoting geomink
Tiem to sell?
no. it's above 4140.
  • #426,678
  • Mar 24, 2016 11:17am Mar 24, 2016 11:17am
Quoting geomink
Tiem to sell?
bullish engulfers both on H1 and H4. definately not a time to sell.
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  • #426,679
  • Mar 24, 2016 11:20am Mar 24, 2016 11:20am
some shorts here

TP: 1.408
SL: 1.4165

nice R:R

%40 return today, time to risk some of that

cheers
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  • #426,680
  • Mar 24, 2016 11:21am Mar 24, 2016 11:21am
Quoting geomink
Tiem to sell?
Really!!!
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