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Cable Update (GBPUSD)

  • #426,961
  • Mar 29, 2016 7:51am Mar 29, 2016 7:51am
Quoting asgcorp
{quote} Donny look Ill be nice and tell you to **** off. Ill share whatever I think is of value and it's not up for you to decide whether or not I post it.
I'm just saying what everyone else is thinking, you've come here as some acclaimed millionaire making out that you can make 400 % a month when really your posts say a lot about that percentage, no need to be rude
  • #426,962
  • Mar 29, 2016 7:51am Mar 29, 2016 7:51am
Quoting albchr
{quote} It's easy Don. {image}
  • #426,963
  • Mar 29, 2016 7:54am Mar 29, 2016 7:54am
I opened a long position earlier today and I'm thinking I should keep it open until it reaches at least 1.4400, maybe even 1.4440.
  • #426,964
  • Mar 29, 2016 8:23am Mar 29, 2016 8:23am
I'm short at an average position of 1.4270. 160 pip stop loss (trading fractional lots), representing 2.5% drawdown - my personal maximum.

My charts (longer term) are still biased towards a bearish position, so I'm not too worried about this morning's spike.

Looking forward to seeing what effect Yellen has later on this afternoon!
  • #426,965
  • Mar 29, 2016 8:35am Mar 29, 2016 8:35am
Quoting bithedz
I really hate my position, why? because my plan is buy not sell! but she not break LSMA period 24, in Monday market {image} my target? IDK.
Doh too early to moving south!

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maybe my target reached next week.
  • #426,966
  • Mar 29, 2016 9:45am Mar 29, 2016 9:45am
Quoting Don96
{quote} I'm just saying what everyone else is thinking, you've come here as some acclaimed millionaire making out that you can make 400 % a month when really your posts say a lot about that percentage, no need to be rude
Dont tell me HDA is back with another name!!!!
  • #426,967
  • Mar 29, 2016 9:49am Mar 29, 2016 9:49am
Quoting Makavell
{quote} Dont tell me HDA is back with another name!!!!
with all due respect HDA was from south africa and he colored all his posts a lot. ))) So just don't waste time on conspiracy theories.
  • #426,968
  • Mar 29, 2016 9:52am Mar 29, 2016 9:52am
Quoting Makavell
{quote} Dont tell me HDA is back with another name!!!!
No idea, he lurked on my profile and then posted in my live trades something about i talk to much or something
  • #426,969
  • Mar 29, 2016 11:07am Mar 29, 2016 11:07am
Good Afternoon !
Have fun with Aunty Yellen
Today's SR levels on MT4 Templates for EURO, CABLE, DAX, USDJPY & EURGBP
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #426,970
  • Mar 29, 2016 11:11am Mar 29, 2016 11:11am
good article here with statistics and impact of yellen's speaches

Why Yellen's Speech Will Likely "Underwhelm" The Market: Deutsche Bank's Take
  • #426,971
  • Mar 29, 2016 11:20am Mar 29, 2016 11:20am
Quoting asgcorp
{quote} with all due respect HDA was from south africa and he colored all his posts a lot. ))) So just don't waste time on conspiracy theories.

South Africa??
  • #426,972
  • Mar 29, 2016 11:34am Mar 29, 2016 11:34am
Quoting mrhb30jr
gbpusd m1 ??? Ab=cd {image}
ab=cd ..
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  • #426,973
  • Mar 29, 2016 11:47am Mar 29, 2016 11:47am
hellow, I am new here, and I'd like contibute with my opinion about GBPUSD in the future. But I wish to know in general, what is the time frame that you use to work. There is a default to this forum ?.
  • #426,974
  • Mar 29, 2016 12:08pm Mar 29, 2016 12:08pm
GBP USD gathering good momentum here, which could ultimately send us higher towards 4450. However bears will likely take over GU/GJ once we reach 4450.
Not chasing price action on the way up, however traders can probably look to buy into dips until we reach 4450. I'll wait for topping at/near 4450 and will look for shorts now.
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  • #426,975
  • Mar 29, 2016 12:29pm Mar 29, 2016 12:29pm
Quoting erictrindade
hellow, I am new here, and I'd like contibute with my opinion about GBPUSD in the future. But I wish to know in general, what is the time frame that you use to work. There is a default to this forum ?.
Hey man, welcome to the mix!

There's no default timeframe in the forum (but it might be useful to tell people the timeframe that you're analysing when sharing your contributions).

Remember to always follow your own analysis, whilst giving due consideration for what others are saying, as its your account and bottom line at the end of the day.

Good luck out there!
  • #426,976
  • Mar 29, 2016 1:27pm Mar 29, 2016 1:27pm
Outlook Update GBPUSD | 29/03/2016

EMA 5 Crossed SMA 8 on the Daily chart, Momentum D is up.
I expect price to move up to 1.44150 zone before it's heading south.

Rsi is overbought, waiting for entry signal on my trade plan.
Bias will change to short if entry signal is given.

 

  1. Trend D (EMA 200) - DOWN
  2. Speed D (EMA 55 / EMA 21) - DOWN
  3. Momentum D (SMA 8/EMA 5) - UP
  4. Momentum H4 (SMA 8/EMA 5) - UP

  1. Bias D/H4 (EMA 55/21, High and Low) - LONG
  2. Entry H4 (SMA 8/EMA 5, RSI) - WAIT


My trading journal
http://www.forexfactory.com/showthread.php?t=584400

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What's that smell? ---- I smell money!
  • #426,977
  • Mar 29, 2016 1:33pm Mar 29, 2016 1:33pm
Quoting asgcorp
{quote} see you tmrw bro! PS: Sydney is a great place. Used to fly over to gold coast on weekends, when I was living in New Zealand. Good times!
I love NZ, very friendly people, place and very easy going.

watching 4420 for bearish signs
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Come with me if you want to live....
  • #426,978
  • Mar 29, 2016 1:35pm Mar 29, 2016 1:35pm
off to the gym,
Come with me if you want to live....
  • #426,979
  • Mar 29, 2016 1:35pm Mar 29, 2016 1:35pm
Quoting asgcorp
GBP USD gathering good momentum here, which could ultimately send us higher towards 4450. However bears will likely take over GU/GJ once we reach 4450. Not chasing price action on the way up, however traders can probably look to buy into dips until we reach 4450. I'll wait for topping at/near 4450 and will look for shorts now. {image}
supplementary to the above here's the look at daily chart GBP USD. Clearly an inverted H&S is in the making. Proposed current scenario:

1)price goes up to 4450
2)price then dips to 4280 area in the upwards sloping channel as above on H4 chart
3)price reverses @4280 and rallies higher towards neckline
3)price clears the neckline of the inverted H&S at/around 4480-4520 and goes further up
4)final target on the initial rally is 4700 +- 50 points.

Overall I see GBPUSD turning from bearish to bullish, with the inverted H&S clearly visible on daily. We will need 4280 to hold on the downswing which will follow topping at/around 4450 area. Timewise this all should be done in April.
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  • #426,980
  • Mar 29, 2016 1:52pm Mar 29, 2016 1:52pm
My guess was fill the weekend gap from last week at 1.4476 and move down. Now with top at 1.4404 again and rejected, the same than 19/02, after this we went all way down to 1.3835, so will be a deja vu rejected at 1.4404 and see a new low below 1.3835 or we really go to fill the gap? Any opinions?
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