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Cable Update (GBPUSD)

  • #427,441
  • Apr 6, 2016 8:14am Apr 6, 2016 8:14am
published this in here over weekend.
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  • #427,442
  • Apr 6, 2016 8:14am Apr 6, 2016 8:14am
I am well, good solid day so far! Hope you have done well, too!
  • #427,443
  • Apr 6, 2016 8:14am Apr 6, 2016 8:14am
not sure that we can call that a bottom yet before fed minutes, but USDX is setting up for a bearish breakout lower, could be a turning point in GU.
  • #427,444
  • Apr 6, 2016 8:18am Apr 6, 2016 8:18am
any brave souls long GBP JPY?
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  • #427,445
  • Apr 6, 2016 8:18am Apr 6, 2016 8:18am
Snuck in a little "pizza" trade short at .4100. Probably won't hold, lol, this one is purely "hunch", and my hunches are usually wrong
  • #427,446
  • Apr 6, 2016 8:20am Apr 6, 2016 8:20am
Quoting nealpek
I am well, good solid day so far! Hope you have done well, too!
Yeah, no trading today, had to waste time to pay utility bills, car parking, etc. Skipped all the hot action. The bright side is that got to drive my wife's new x4 in sport plus mode. ))) Smoked some tires today. I see the reason you are happy though.
  • #427,447
  • Apr 6, 2016 8:24am Apr 6, 2016 8:24am
Quoting asgcorp
not sure that we can call that a bottom yet before fed minutes, but USDX is setting up for a bearish breakout lower, could be a turning point in GU.
that makes my cable long priceless
  • #427,448
  • Apr 6, 2016 8:25am Apr 6, 2016 8:25am
Trade #10 has hit T/P @ 1.40712. Closed in 304 Pips!

Market could be retracing. Trade #11 still running.

In the pips!

#10 Trade Journal
http://www.forexfactory.com/showthre...04#post8857404
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What's that smell? ---- I smell money!
  • #427,449
  • Apr 6, 2016 8:27am Apr 6, 2016 8:27am
USDX H4 1-2 candles close below orange zone = reversal in GU.
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  • #427,450
  • Apr 6, 2016 8:28am Apr 6, 2016 8:28am
Quoting PatienceFx
my trade plan now 4120 on attack, 4159 tough nut so should get there just before fomc, and if there is no hike then good target would be 4284 {image}
setting 4284 as tp on my long from 4030 with stop at be should cable spike on fomc

might go a bit higher but its ok
  • #427,451
  • Apr 6, 2016 8:28am Apr 6, 2016 8:28am
Quoting SteFX85
Trade #10 has hit T/P @ 1.40712. Closed in 304 Pips! Market could be retracing. Trade #11 still running. In the pips! #10 Trade Journal http://www.forexfactory.com/showthre...04#post8857404 {image}
congrats you did great!
  • #427,452
  • Apr 6, 2016 8:28am Apr 6, 2016 8:28am
The pizza could be just cheese, don't need all dressed! C'mon fromage!
  • #427,453
  • Apr 6, 2016 8:29am Apr 6, 2016 8:29am
Curious as to why the sellers are so doubtful.....the way I see it....technically all charts form the 15 minute upwards are in a downtrend making lower highs and we just blew through some pretty solid support. Fundamentally GU is copping a hiding in the media due to brexit.....I understand a long trade on a pullback, but to me it seems weighted much more to the down side. TO me anyway.
  • #427,454
  • Apr 6, 2016 8:31am Apr 6, 2016 8:31am
Good read...
  • #427,455
  • Apr 6, 2016 8:32am Apr 6, 2016 8:32am
on a side note here's a trade I'm in now, long singapore dollar. Worked out avg +300 pips last 10 years april.
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  • #427,456
  • Apr 6, 2016 8:35am Apr 6, 2016 8:35am
Quoting asgcorp
{quote} congrats you did great!
Thank you!
What's that smell? ---- I smell money!
  • #427,457
  • Apr 6, 2016 8:36am Apr 6, 2016 8:36am
Awwww! No cheese pizza today, and certainly no more "hunches", lol.
  • #427,458
  • Apr 6, 2016 8:40am Apr 6, 2016 8:40am
Quoting PatienceFx
my trade plan now 4120 on attack, 4159 tough nut so should get there just before fomc, and if there is no hike then good target would be 4284 {image}
Janet is not my girlfriend

I am innocent, no inside info !!!

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  • #427,459
  • Apr 6, 2016 8:41am Apr 6, 2016 8:41am
beautiful day in singapore
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  • #427,460
  • Apr 6, 2016 8:47am Apr 6, 2016 8:47am
usdx support
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