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Cable Update (GBPUSD)

  • #427,461
  • Apr 6, 2016 8:49am Apr 6, 2016 8:49am
when I saw that big mofo on USDX daily chart I knew that dollar was getting sick slightly.
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  • #427,462
  • Apr 6, 2016 8:55am Apr 6, 2016 8:55am
Important level to determine direction...
  • #427,463
  • Apr 6, 2016 8:57am Apr 6, 2016 8:57am
Looking for some PA to guide me...
  • #427,464
  • Apr 6, 2016 8:58am Apr 6, 2016 8:58am
launch sequence initiated

PS: here's your guide Neal. Just make sure the seatbelts are tightened.
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  • #427,465
  • Apr 6, 2016 8:59am Apr 6, 2016 8:59am
EUR USD enroute to 1.1600?
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  • #427,466
  • Apr 6, 2016 9:00am Apr 6, 2016 9:00am
We take whatever the market offers
  • #427,467
  • Apr 6, 2016 9:05am Apr 6, 2016 9:05am
Unexpected move before FOMC, most sellers probably got stopped out if they haven't take profit yet. Out for today
Letting losses run is the most serious mistake made by most investors.
  • #427,468
  • Apr 6, 2016 9:05am Apr 6, 2016 9:05am
not much on offer in terms of news flow this week aside from this release in 2 hours now. My take it that the direction set today will last through the week.
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  • #427,469
  • Apr 6, 2016 9:06am Apr 6, 2016 9:06am
Just finished a new system so going to be putting up the trades in the usual fashion.
Looking forward to the odd slam dunk comments as is normal round ere..
Good for the soul and great for the trading style so please feel free to ignore me if you feel the need too lol ..
or shout if u feel like it ..

3 trades today
  • #427,470
  • Apr 6, 2016 9:07am Apr 6, 2016 9:07am
guess what's up with the dollar atm. the followthrough expected to be solid on this move.
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  • #427,471
  • Apr 6, 2016 9:11am Apr 6, 2016 9:11am
PA very important here... Sweep of stops just occurred, for another move down, perhaps? The action will reveal its direction!
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  • #427,472
  • Apr 6, 2016 9:11am Apr 6, 2016 9:11am
lovely day in singapore so far
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  • #427,473
  • Apr 6, 2016 9:20am Apr 6, 2016 9:20am
EUR USD is breaking out higher, it's already obvious next up 1.16.
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  • #427,474
  • Apr 6, 2016 9:21am Apr 6, 2016 9:21am
Quoting nealpek
PA very important here... Sweep of stops just occurred, for another move down, perhaps? The action will reveal its direction! {image}
Is that the hourly chart? It is trying to make sell setups though isn't ready yet (according to system here)so will just sit on hands and wait. Likely it will test .4220 gotta see if hold or break

wont be initiating any trades at this price tho since FOMC minutes out in less than 2 hours.
  • #427,475
  • Apr 6, 2016 9:23am Apr 6, 2016 9:23am
Quoting dean1star
Just finished a new system so going to be putting up the trades in the usual fashion. Looking forward to the odd slam dunk comments as is normal round ere.. Good for the soul and great for the trading style so please feel free to ignore me if you feel the need too lol .. or shout if u feel like it .. 3 trades today

that's great bro

Looking forward to your input always (although at times I may be too lazy to log in). either here or the other thread.
  • #427,476
  • Apr 6, 2016 9:23am Apr 6, 2016 9:23am
Quoting MaryAnne
{quote} Is that the hourly chart? It is trying to make sell setups though isn't ready yet (according to system here)so will just sit on hands and wait. Likely it will test .4220 gotta see if hold or break wont be initiating any trades at this price tho since FOMC minutes out in less than 2 hours.
dollar already broke out it's supports do you think fomc minutes will change the trend now in USDX? Only thing that can change USD trend now is if fatty grandma yellen announces an emergency hike.
  • #427,477
  • Apr 6, 2016 9:24am Apr 6, 2016 9:24am
Quoting dean1star
Just finished a new system so going to be putting up the trades in the usual fashion. Looking forward to the odd slam dunk comments as is normal round ere.. Good for the soul and great for the trading style so please feel free to ignore me if you feel the need too lol .. or shout if u feel like it .. 3 trades today
​about time
  • #427,478
  • Apr 6, 2016 9:25am Apr 6, 2016 9:25am
Yes MaryAnne, hourly chart.
  • #427,479
  • Apr 6, 2016 9:31am Apr 6, 2016 9:31am
Quoting Don96
{quote} ​about time
gonna be fun had the buy on pound dollar a few hours back at 140 475 ..
trading longer range on this system ..
  • #427,480
  • Apr 6, 2016 9:38am Apr 6, 2016 9:38am
Quoting asgcorp
{quote} dollar already broke out it's supports do you think fomc minutes will change the trend now in USDX? Only thing that can change USD trend now is if fatty grandma yellen announces an emergency hike.
I just wanna play safe bro ^^
Afterall, counter trends can be sharp and painful and deep too.
Rather wait till the news event is over, re evaluate and get in if it is good re entry for overall trend.
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