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Cable Update (GBPUSD)

  • #427,541
  • Apr 7, 2016 1:25am Apr 7, 2016 1:25am
Quoting PatienceFx
lets talk ma 20 rule first it breaks on m5 becomes support , good then on m15 , good then on m30, better then on h1, break and becomes support, excellent now waiting to see how h4 reacts
i have posted this before
Inserted Video
  • #427,542
  • Apr 7, 2016 1:27am Apr 7, 2016 1:27am
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looking to enter
  • #427,543
  • Apr 7, 2016 1:31am Apr 7, 2016 1:31am
Quoting elbert3
{image} up and down again or will it break 4200
waiting on the retest of the trendline and see how things evolve
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persistence and determination alone are omnipotent
  • #427,544
  • Apr 7, 2016 1:34am Apr 7, 2016 1:34am
added some GU
persistence and determination alone are omnipotent
  • #427,545
  • Apr 7, 2016 1:41am Apr 7, 2016 1:41am
Quoting andoseg2
{quote} Update : trade triggered, consider risk management decision : {image}
Update :

SL @ breakeven , resulting in locked profit .

Update 2:

Those who want go long , there is a chance for a correction from here, but, because the trend is bearish, you are gambling than trading.

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Sell opportunity : if the price fall further I will look to sell , if not, then I'll wait the next opportunity as long as trend remain bearish :

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Money moves the market, not an indicator.
  • #427,546
  • Apr 7, 2016 1:47am Apr 7, 2016 1:47am
Quoting PatienceFx
{quote} {image} {quote} stop at be, time to sit back and relax
gone 0
  • #427,547
  • Apr 7, 2016 2:08am Apr 7, 2016 2:08am
killed my longs
persistence and determination alone are omnipotent
  • #427,548
  • Apr 7, 2016 2:27am Apr 7, 2016 2:27am
Quoting andoseg2
{quote} Update : SL @ breakeven , resulting in locked profit . Update 2: Those who want go long , there is a chance for a correction from here, but, because the trend is bearish, you are gambling than trading. {image} Sell opportunity : if the price fall further I will look to sell , if not, then I'll wait the next opportunity as long as trend remain bearish : {image}
Update : risk management decision :

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Money moves the market, not an indicator.
  • #427,549
  • Apr 7, 2016 2:33am Apr 7, 2016 2:33am
Quoting elbert3
{quote} i have posted this before https://www.youtube.com/watch?v=-Irs1Cf4S0k
thanks sir, this means a lot to me
  • #427,550
  • Apr 7, 2016 2:43am Apr 7, 2016 2:43am
watch 4043 might bounce there if so i will be looking to swap the short that broke out before
  • #427,551
  • Apr 7, 2016 2:45am Apr 7, 2016 2:45am
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doji end trade lets see long and watch for a 1st touch tl for support
  • #427,552
  • Apr 7, 2016 2:47am Apr 7, 2016 2:47am
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play the game
  • #427,553
  • Apr 7, 2016 2:51am Apr 7, 2016 2:51am
Quoting sanfranfan
{quote} Hello thank you for this great thread I am learning very much. I have a question in the post quoted above isn't that a head and shoulders pattern that has formed. I also have attached a screen shot of my 4 hour chart thinking it may be one. If this is fodder for this thread I apologize still learning price action and not always sure if the formations I see are actual or a trip back to my college days. Kind Regards {image}
hey there, this is not a proper H&S, proper H&S will have sliding parallels, the only H&S on GBP USD is inverted H&S on daily chart. See attached.
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  • #427,554
  • Apr 7, 2016 2:52am Apr 7, 2016 2:52am
4060-4080 GU is not gonna give you a better entry now for a long to 4550
  • #427,555
  • Apr 7, 2016 2:56am Apr 7, 2016 2:56am
GBP JPY hitting monthly S2 support level. Check back historically last like 4-6 years it only pushed below 1-2 times, GBP JPY due for a pullback from the lows.
Note that this also coincides with 127 extension of 155-164 swing in GBP JPY.
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  • #427,556
  • Apr 7, 2016 3:00am Apr 7, 2016 3:00am
Short closed from last night 141 300 to 140 600 at 70 pips.

Waiting for a Buy signal. Pound Dollar.

Euro looks like lower sold at 114 386
  • #427,557
  • Apr 7, 2016 3:03am Apr 7, 2016 3:03am
Quoting asgcorp
4060-4080 GU is not gonna give you a better entry now for a long to 4550
on the same page ..
  • #427,558
  • Apr 7, 2016 3:05am Apr 7, 2016 3:05am
Quoting elbert3
{image} play the game
as usual spot on pipsniper!
persistence and determination alone are omnipotent
  • #427,559
  • Apr 7, 2016 3:07am Apr 7, 2016 3:07am
Quoting Ll1979
{quote} as usual spot on pipsniper!
watch 4072 here might be might be support ,
  • #427,560
  • Apr 7, 2016 3:07am Apr 7, 2016 3:07am
also for GU direction, check out EURGBP day chart this year. Do you think it can sustain it's move up forever? Currently +800 points for the year rally. Avg 5 year range 750 pips. Why do you think it will go higher?
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