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Cable Update (GBPUSD)

  • #427,441
  • Apr 6, 2016 10:14am Apr 6, 2016 10:14am
published this in here over weekend.
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  • #427,442
  • Apr 6, 2016 10:14am Apr 6, 2016 10:14am
I am well, good solid day so far! Hope you have done well, too!
  • #427,443
  • Apr 6, 2016 10:14am Apr 6, 2016 10:14am
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 10:18am Apr 6, 2016 10:18am
any brave souls long GBP JPY?
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  • #427,445
  • Apr 6, 2016 10:18am Apr 6, 2016 10:18am
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 10:20am Apr 6, 2016 10:20am
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 10:24am Apr 6, 2016 10:24am
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 10:25am Apr 6, 2016 10:25am
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 10:27am Apr 6, 2016 10:27am
USDX H4 1-2 candles close below orange zone = reversal in GU.
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  • #427,450
  • Apr 6, 2016 10:28am Apr 6, 2016 10:28am
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 10:28am Apr 6, 2016 10:28am
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 10:28am Apr 6, 2016 10:28am
The pizza could be just cheese, don't need all dressed! C'mon fromage!
  • #427,453
  • Apr 6, 2016 10:29am Apr 6, 2016 10:29am
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 10:31am Apr 6, 2016 10:31am
Good read...
  • #427,455
  • Apr 6, 2016 10:32am Apr 6, 2016 10:32am
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 10:35am Apr 6, 2016 10:35am
Quoting asgcorp
{quote} congrats you did great!
Thank you!
What's that smell? ---- I smell money!
  • #427,457
  • Apr 6, 2016 10:36am Apr 6, 2016 10:36am
Awwww! No cheese pizza today, and certainly no more "hunches", lol.
  • #427,458
  • Apr 6, 2016 10:40am Apr 6, 2016 10:40am
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 10:41am Apr 6, 2016 10:41am
beautiful day in singapore
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  • #427,460
  • Apr 6, 2016 10:47am Apr 6, 2016 10:47am
usdx support
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