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Cable Update (GBPUSD)

  • #426,881
  • Mar 28, 2016 2:46pm Mar 28, 2016 2:46pm
Quoting Makavell
{quote} Unfortunately we will see 3960. GU is presently preparing for a major down move. My take profit for this first upwave is 1.4316 sometime tomorrow hopefully but if 4316 is not breached before market close morrow then will take profit at close price and wait for a good price to ride the bi..h down.
Well I posted that earlier today, there is no argument that GU will do 3960. But 4340 before that.
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  • #426,882
  • Mar 28, 2016 2:49pm Mar 28, 2016 2:49pm
unitl 1.4515 goes theres still potential for this and 1.300...and yes the dollar may be weak as fuck but its still fundamentally stronger than the gbp especially with brexit on the menu. will ride it up to the upper trendline and see if it holds just in case it does break up

edit...and it it doesnt go up to e then just sell the break of the bottom trendline
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  • #426,883
  • Mar 28, 2016 3:05pm Mar 28, 2016 3:05pm
we are all in the wrong side of business guys

http://www.zerohedge.com/news/2016-0...ing-95-million
  • #426,884
  • Mar 28, 2016 3:13pm Mar 28, 2016 3:13pm
Daily inverted H&S on GU tells a story of it's own. The reason why I don't see much downside below 3960 at all right now.
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  • #426,885
  • Mar 28, 2016 3:33pm Mar 28, 2016 3:33pm
GU pretty much flat for next 8 hours straight 4235-4265 time to take a break

same strat as before: buying dips to 4220 TP 4340. if we get to dip there.
  • #426,886
  • Mar 28, 2016 3:48pm Mar 28, 2016 3:48pm
last time same range we stayed in range 10 hours straight.
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  • #426,887
  • Mar 28, 2016 3:50pm Mar 28, 2016 3:50pm
Quoting elbert3
Buy Stake Buy 20 at 1.40615 Hedging Cancelled Good for day Date/Time Contingent Orders Stop (Est: 1.40465)P/L (300.00) Guaranteed Stop Limit (Est: 1.4245)P/L 1,780.00 bought 40615 5 min 100 and 200 ema as this mornings post target 424 looking to move pp just before close now {image}
I say old boy bang on what lol see my last chart too
  • #426,888
  • Mar 28, 2016 5:01pm Mar 28, 2016 5:01pm
Quoting Ill-b-back
{quote} i closed out some of my better priced shorts for profit before market close yesterday, leaving the rest open for 39ish and others targetting below the Feb low. Not ruling out another TL retest around 1.42 next week first though as the weekly looks a stretched candle (whatever that means lol)
Got smashed out of my remaining shorts

Got a pending short at 4375 daily resistance area, looking to TP 3630(ish)
Come with me if you want to live....
  • #426,889
  • Mar 28, 2016 5:28pm Mar 28, 2016 5:28pm
Quoting Ill-b-back
{quote} Got smashed out of my remaining shorts Got a pending short at 4375 daily resistance area, looking to TP 3630(ish)
Hi
Yellen is due to speak tomorrow and she could drop a bomb sending all majors higher against USD
Corporate earnings down and consumer index way down so enough reasons to play safe.Just sharing
Latest drum beat from Feds is "April hike on the table" and that's a game they played entire 2015 until the end of it so nothing is certain.
In my view AU is better candidate for shorting once it hits 76+
In trading, you have to be defensive and aggressive at the same time
  • #426,890
  • Mar 28, 2016 5:50pm Mar 28, 2016 5:50pm
Quoting Davit
{quote} Hi Yellen is due to speak tomorrow and she could drop a bomb sending all majors higher against USD Corporate earnings down and consumer index way down so enough reasons to play safe.Just sharing Latest drum beat from Feds is "April hike on the table" and that's a game they played entire 2015 until the end of it so nothing is certain. In my view AU is better candidate for shorting once it hits 76+
Hi Davit, thx for the heads up but don't see Yellen on the calendar this week. I only trade GU although I look at other pairs out of interest. Further USD weakness would fill my order. Shorting 4375/44 looks good risk reward to me.
Come with me if you want to live....
  • #426,891
  • Mar 28, 2016 5:57pm Mar 28, 2016 5:57pm
Quoting Ill-b-back
{quote} Hi Davit, thx for the heads up but don't see Yellen on the calendar this week. I only trade GU although I look at other pairs out of interest. Further USD weakness would fill my order. Shorting 4375/44 looks good risk reward to me.
She is due to speak 12.30pm EST tomorrow
Agree could be good triggering your shorts.Best of luck
Green pips
In trading, you have to be defensive and aggressive at the same time
  • #426,892
  • Mar 28, 2016 6:13pm Mar 28, 2016 6:13pm
Quoting Davit
{quote} She is due to speak 12.30pm EST tomorrow Agree could be good triggering your shorts.Best of luck Green pips
oh right, being Tues here I was looking at Wed. Thx, you too
Come with me if you want to live....
  • #426,893
  • Mar 29, 2016 12:36am Mar 29, 2016 12:36am
Opened a short. H&S
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  • #426,894
  • Mar 29, 2016 12:58am Mar 29, 2016 12:58am
here we go LO push lower, don't get into the bear trap team.
  • #426,895
  • Mar 29, 2016 12:59am Mar 29, 2016 12:59am
Quoting dinx20
Opened a short. H&S {image}
no it's not but thanks for posting.
  • #426,896
  • Mar 29, 2016 1:05am Mar 29, 2016 1:05am
25 pips now on offer to 4200 if you want it with that last 1 hr close

But I would prefer to look for a long around 42
Come with me if you want to live....
  • #426,897
  • Mar 29, 2016 1:10am Mar 29, 2016 1:10am
I'd be careful with any trades now price @ DP / WP area, bias in LONG but the trade not cooked yet, will take more time. range is on.
  • #426,898
  • Mar 29, 2016 1:11am Mar 29, 2016 1:11am
time for coffee and muesli.
  • #426,899
  • Mar 29, 2016 1:18am Mar 29, 2016 1:18am
Quoting Ill-b-back
25 pips now on offer to 4200 if you want it with that last 1 hr close But I would prefer to look for a long around 42
4340 bro then we can go short.
  • #426,900
  • Mar 29, 2016 1:30am Mar 29, 2016 1:30am
Quoting asgcorp
{quote} 4340 bro then we can go short.
Could be right, I've actually cancelled my 4375 pending short will watch PA.
the bullish retracement fibs don't line up from recent low to high or other combo so a bit in the dark at the moment.
1.42 long looks my best option if I want to trade today my target is 4350
Come with me if you want to live....
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