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Cable Update (GBPUSD)

  • #427,181
  • Apr 1, 2016 11:42am Apr 1, 2016 11:42am
Quoting MisterG
FORECAST TIME H4 {image} trade safe
UPDATE , forecast nailed , it took longer than I thought but still a decent down swing
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 22 KB

trade safe !
Man lie, woman lie, numbers don't
  • #427,182
  • Edited 1:48pm Apr 1, 2016 11:54am | Edited 1:48pm
#10 Trade Report

Just changed my S/L to MAP @ 1.43556 because it hit 1.42656 for the biggest lot.
For the other lot I removed my T/P and started a trailing stop of 90PIPS.

Outloook Update GBP/USD | 1/04/2016

Price made 1 LH so Bias is set to short. EMA 5 crossed SMA 8 momentum H4 is down.
Entry made on trade #10.

  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) - DOWN

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

Trade #10 Journal
http://www.forexfactory.com/showthre...67#post8848367

Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
Click to Enlarge Name: Screenshot2.png Size: 72 KB
What's that smell? ---- I smell money!
  • #427,183
  • Apr 1, 2016 12:06pm Apr 1, 2016 12:06pm
Triangle Formation in Daily Chart
Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 28 KB
  • #427,184
  • Apr 1, 2016 12:42pm Apr 1, 2016 12:42pm
Isn't that a head and shoulder i see @kpkumar?
  • #427,185
  • Apr 1, 2016 1:37pm Apr 1, 2016 1:37pm
Quoting trademb
Isn't that a head and shoulder i see @kpkumar?
I doubt very much that H&S will play out
Come with me if you want to live....
  • #427,186
  • Apr 1, 2016 1:42pm Apr 1, 2016 1:42pm
we sell the retest right?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 28 KB
Come with me if you want to live....
  • #427,187
  • Apr 1, 2016 2:13pm Apr 1, 2016 2:13pm
guys c'mon there is no H&S in GBP USD. There is only inverted H&S on daily, the low will come in close to 3960-4000 area, which is a great place to get in long for a ride up to 4500 this month.
Attached Image (click to enlarge)
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  • #427,188
  • Apr 1, 2016 3:33pm Apr 1, 2016 3:33pm
#GBPUSD What a great day! Short @ 1.4360 / Target 1.4186 / Flat now going to do some calculation to see what next week brings, if its going higher or lower or sideways :-)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4-1-16.png Size: 85 KB
"W. D. Gann said that time is the most important factor among all things."
  • #427,189
  • Apr 1, 2016 3:41pm Apr 1, 2016 3:41pm
Quoting USDollar
#GBPUSD What a great day! Short @ 1.4360 / Target 1.4186 / Flat now going to do some calculation to see what next week brings, if its going higher or lower or sideways :-) {image}
we got a bounce of the 50 fib mid region daily support, with some resistance above
Come with me if you want to live....
  • #427,190
  • Apr 1, 2016 3:42pm Apr 1, 2016 3:42pm
Quoting asgcorp
guys c'mon there is no H&S in GBP USD. There is only inverted H&S on daily, the low will come in close to 3960-4000 area, which is a great place to get in long for a ride up to 4500 this month. {image}
wouldn't it need to return to 56 for h&s?
Come with me if you want to live....
  • #427,191
  • Apr 1, 2016 3:46pm Apr 1, 2016 3:46pm
it's just a temp slowdown, price won't stick around here for a long while. plan is a mild pullback then back short until 3960-80 area next week. this area should highlight potential reversal and turn for an upside target @ 4500, but won't happen overnight also.
Attached Image (click to enlarge)
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  • #427,192
  • Apr 1, 2016 3:48pm Apr 1, 2016 3:48pm
Quoting Ill-b-back
{quote} wouldn't it need to return to 56 for h&s?
no it's fine bro as is we just need the right shoulder to print lower now (around 3960 area).
Attached Image (click to enlarge)
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  • #427,193
  • Apr 1, 2016 3:51pm Apr 1, 2016 3:51pm
3960-80 area is big bro for GU reversal, if we hit this and then start reversing you pretty much have a solid confirm and activation of the above pattern. Which would let yous ride it out until 4500 at least.
  • #427,194
  • Apr 1, 2016 3:54pm Apr 1, 2016 3:54pm
also don't forget this one april big month for GU
Attached Image
  • #427,195
  • Apr 1, 2016 3:57pm Apr 1, 2016 3:57pm
noone wants to see inverted H&S on daily just want to see non-existent regular H&S.
  • #427,196
  • Apr 1, 2016 3:59pm Apr 1, 2016 3:59pm
Quoting asgcorp
{quote} no it's fine bro as is we just need the right shoulder to print lower now (around 3960 area). {image}
ok, thx mate will have to have a look when I get home. Heading out on a harbour cruise for Allys old-old folks birthday.
Come with me if you want to live....
  • #427,197
  • Apr 1, 2016 4:01pm Apr 1, 2016 4:01pm
Quoting asgcorp
noone wants to see inverted H&S on daily just want to see non-existent regular H&S.
I think we were just using the term generically, we new what u were indicating, or at least I did
Come with me if you want to live....
  • #427,198
  • Edited 4:27pm Apr 1, 2016 4:06pm | Edited 4:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD H4.png Size: 46 KB

above 1.4330 will be a bullish signal and stability below 1.4255 is negative!!
GBPUSD failed to stabilize above 1.4335 in Asian session after hitting SMA20.
  • #427,199
  • Apr 1, 2016 4:06pm Apr 1, 2016 4:06pm
#GBPUSD COT on pound was giving clues that a sell off was coming, green line LS was selling the pound, plus price and time came together
Attached Image (click to enlarge)
Click to Enlarge Name: COT pound 4-1-16.png Size: 13 KB
"W. D. Gann said that time is the most important factor among all things."
  • #427,200
  • Apr 1, 2016 4:06pm Apr 1, 2016 4:06pm
next week should provide more clarity, we need a print close to 3960 to have a solid confirm.
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