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Cable Update (GBPUSD)

  • #427,401
  • Apr 6, 2016 4:30am Apr 6, 2016 4:30am
Quoting skyrocket
buying the pair is bad idea it will fall till 1.3950, it will not go up until then
why and reason!!
  • #427,402
  • Apr 6, 2016 4:41am Apr 6, 2016 4:41am
looks dangerously bearish to me.
4150 area would be a very good short in my opinion
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 32 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 27 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 33 KB
Come with me if you want to live....
  • #427,403
  • Apr 6, 2016 4:44am Apr 6, 2016 4:44am
weekly looks Fugly
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 30 KB
Come with me if you want to live....
  • #427,404
  • Apr 6, 2016 4:46am Apr 6, 2016 4:46am
it will not go up 1.4150 i am shorting from 1.43 add another shorts @ 1.4112
  • #427,405
  • Apr 6, 2016 4:59am Apr 6, 2016 4:59am
Quoting skyrocket
it will not go up 1.4150 i am shorting from 1.43 add another shorts @ 1.4112
I've been daytrading this lovely pair down for the last week and a half also, it's been great.
I'm also short, looking for 3650
Wish I had seen this start at the start of the day when we opened below the channel

I really like that descending series of daily sharp tops for the last 3 major swing highs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 35 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 30 KB
Click to Enlarge Name: GBPUSDM15.png Size: 26 KB
Come with me if you want to live....
  • #427,406
  • Apr 6, 2016 5:02am Apr 6, 2016 5:02am
The Pair might touch again 4052!!!
  • #427,407
  • Apr 6, 2016 6:05am Apr 6, 2016 6:05am
Quoting andoseg2
{quote} Update : Aggresive entry : {image}
Update :

trade triggered, consider risk management decision :

Attached Image (click to enlarge)
Click to Enlarge Name: hhh.png Size: 41 KB
Money moves the market, not an indicator.
  • #427,408
  • Apr 6, 2016 6:12am Apr 6, 2016 6:12am
#GBPUSD stopped out with a minor loss, looks like the cycle up got inverted on my calculations.... on the sideline for now.... I'm keeping an eye on April 7th & 8th for a possible pivot low since we are now inverted....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4-6-16.png Size: 66 KB
"W. D. Gann said that time is the most important factor among all things."
  • #427,409
  • Apr 6, 2016 6:19am Apr 6, 2016 6:19am
nice movement...
  • #427,410
  • Apr 6, 2016 6:32am Apr 6, 2016 6:32am
-60 pips in few minute without a news?
  • #427,411
  • Apr 6, 2016 6:51am Apr 6, 2016 6:51am
Quoting florex
-60 pips in few minute without a news?
Stop orders getting filled below 1.4050/60 area
  • #427,412
  • Apr 6, 2016 6:52am Apr 6, 2016 6:52am
Clean "sweep" or cleanup of all past levels...sweet! How low does she go? Nice to wake up to large movement in your direction!!!
  • #427,413
  • Apr 6, 2016 6:55am Apr 6, 2016 6:55am
GU lower the better - smaller stops increase in probability, i will start adding at 1.4011... and further levels here...

ill post the trades when i take them

1.38698
Attached Image
  • #427,414
  • Apr 6, 2016 7:00am Apr 6, 2016 7:00am
Very nice drop that,
Full bodied with Deep Undertones

Come with me if you want to live....
  • #427,415
  • Apr 6, 2016 7:04am Apr 6, 2016 7:04am
Quoting Don96
GU lower the better - smaller stops increase in probability, i will start adding at 1.4011... and further levels here... ill post the trades when i take them 1.38698 {image}
​there is the 1.40118 level touched - this is the biggest fib but it doesn't expand down to the lows - not expecting too much from here
  • #427,416
  • Apr 6, 2016 7:15am Apr 6, 2016 7:15am
Where she stops nobody knows!! Could be down to the origin of the move. The market will show us what she's doing... If the price action is right, would add to my position above the ,4054ish area to ride down to the origin of the move. If the "action" says so!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB
  • #427,417
  • Apr 6, 2016 7:20am Apr 6, 2016 7:20am
added a small portion on h4 bounce
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
persistence and determination alone are omnipotent
  • #427,418
  • Apr 6, 2016 7:27am Apr 6, 2016 7:27am
Quoting Ll1979
added a small portion on h4 bounce {image}
out for a few pips
persistence and determination alone are omnipotent
  • #427,419
  • Apr 6, 2016 7:34am Apr 6, 2016 7:34am
Hey all, hopefully you're all super smart and already see this. But this chart, one I've been talking about for two weeks now in my weekly updates, is getting interesting:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-04-06 05.32.05.png Size: 120 KB


As you can see, the important 1.4050 level has been breached today. That's a good sign we're most likely heading lower... perhaps much lower. A daily close below this level would be awesome.
check out my blog: forexmademillionaire dot com
  • #427,420
  • Apr 6, 2016 7:37am Apr 6, 2016 7:37am
The reason I held on to the trade yesterday around the .4150 level was because I knew that if the market gets this close to the lower 2 blue arrows, it wouldn't just leave all of the kazillion stops there without sweeping or cleaning them up. Eventually, the market will, at some point, change direction. Start marking the levels of cleaning and sweeping above price, which will provide targets should you choose to exit, and levels to eventually add positions to, on the upmove...
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