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Cable Update (GBPUSD)

  • #427,581
  • Apr 7, 2016 2:25am Apr 7, 2016 2:25am
Quoting Ll1979
let 's how tl and support react on 1.4056 {image}
What period is the purple MA ?
Money moves the market, not an indicator.
  • #427,582
  • Apr 7, 2016 2:32am Apr 7, 2016 2:32am
Quoting andoseg2
{quote} What period is the purple MA ?
EMA 89 (close) I use it mostly on H1 and H4 price often bounce from these levels in trending markets
persistence and determination alone are omnipotent
  • #427,583
  • Apr 7, 2016 2:42am Apr 7, 2016 2:42am
It's testing 1.4050 again. I have a short open, I think it will reach 1.4000.
  • #427,584
  • Apr 7, 2016 2:45am Apr 7, 2016 2:45am
Quoting Ll1979
{quote} EMA 89 (close) I use it mostly on H1 and H4 price often bounce from these levels in trending markets
Then this is your trend . Write down on a paper and stick it in front of your monitor :

"As long as the price is below EMA89 I am looking only for sell.
As long as the price is above EMA89 I am looking only for buy."

Breaking those 2 rules will result in more stoplosses and frustration for you.
Money moves the market, not an indicator.
  • #427,585
  • Apr 7, 2016 2:58am Apr 7, 2016 2:58am
Quoting andoseg2
{quote} Update : Time to adjust the StopLoss . Lock profit by moving SL at breakeven. {image}
Update :

Correction through time, chart patterns traders may identify a continuation pattern here, interesting zone with odds in favor of sellers, mabe they will refresh the fall :

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Money moves the market, not an indicator.
  • #427,586
  • Apr 7, 2016 3:20am Apr 7, 2016 3:20am
Quoting andoseg2
{quote} Then this is your trend . Write down on a paper and stick it in front of your monitor : "As long as the price is below EMA89 I am looking only for sell. As long as the price is above EMA89 I am looking only for buy." Breaking those 2 rules will result in more stoplosses and frustration for you.
I only use it in confluence with PA, pp and fibs for possible entries/exits on the bounce. Beside that i don 't use MA
persistence and determination alone are omnipotent
  • #427,587
  • Apr 7, 2016 3:28am Apr 7, 2016 3:28am
Quoting dean1star
Short Closed on euro at 80 pips. Waiting for buy zone Euro ( not yet ) Waiting for buy signal on Pound Dollar..
​what you waiting for on EU/GU? buy GU sell EU? Long term for both?
  • #427,588
  • Apr 7, 2016 3:41am Apr 7, 2016 3:41am
Quoting Don96
{quote} ​what you waiting for on EU/GU? buy GU sell EU? Long term for both?
Buy on pound dollar at 140 780 just placed it.

Euro still waiting. but its in a buy zone.

Expect to be out of position so using a stop loss

Only if the system is correct of course ..
  • #427,589
  • Apr 7, 2016 3:42am Apr 7, 2016 3:42am
Quoting dean1star
{quote} Buy on pound dollar at 140 780 Euro still waiting. Expect to be out of position so using a 100 pip stop loss
sell on EU? and also 100 pip stop at 1.39780?
  • #427,590
  • Apr 7, 2016 3:50am Apr 7, 2016 3:50am
Quoting Don96
{quote} sell on EU? and also 100 pip stop at 1.39780?
waiting on Euro - for a buy .. could be in a few mins or in a few hours ..
  • #427,591
  • Apr 7, 2016 3:53am Apr 7, 2016 3:53am
Quoting dean1star
{quote} waiting on Euro - for a buy .. could be in a few mins or in a few hours ..
​oh yeah yeah, turning towards dollar weakness?
  • #427,592
  • Apr 7, 2016 3:57am Apr 7, 2016 3:57am
Quoting Don96
{quote} ​oh yeah yeah, turning towards dollar weakness?
Right but you know the game .. they take the range - then some stops too so used to being placed out of position -
Aptly named the rip tide effect ..
  • #427,593
  • Apr 7, 2016 4:15am Apr 7, 2016 4:15am
Quoting Don96
{quote} ​oh yeah yeah, turning towards dollar weakness?
Buy on Euro 113 900
  • #427,594
  • Apr 7, 2016 4:29am Apr 7, 2016 4:29am
Quoting dean1star
{quote} Buy on Euro 113 900
Not had, 50 target ?
  • #427,595
  • Apr 7, 2016 4:33am Apr 7, 2016 4:33am
Quoting Don96
{quote} Not had, 50 target ?
Yep - also judge the price action and might stay in longer depends ..
  • #427,596
  • Apr 7, 2016 4:34am Apr 7, 2016 4:34am
Quoting dean1star
{quote} Buy on pound dollar at 140 780 just placed it. Euro still waiting. but its in a buy zone. Expect to be out of position so using a stop loss Only if the system is correct of course ..
thanks
i got long gu...where is your target
  • #427,597
  • Apr 7, 2016 4:38am Apr 7, 2016 4:38am
Quoting dean1star
{quote} Yep - also judge the price action and might stay in longer depends ..
I took a long GO instead of GU, waiting for lower on GU and hoping yen starts to weaken, although not too confident on GO currently +60 or so, target 200 not at charts so probs will differ
  • #427,598
  • Apr 7, 2016 5:05am Apr 7, 2016 5:05am
Good morning, or afternoon, or evening, whichever the case may be. It's interesting to read all your posts. As soon as the pound makes a fart in 1 direction, everyone is switching positions. According to my chart, and not my opinion, I still have yet to see any indication that gbp has changed its bias. I could think it has, but the chart never lies. The last push up never broke any "structure" that would cause one to believe a change in direction has occurred. In fact for you Wychoffians, an upthrust occurred as well as a test of the upthrust, and early morning london 3-4 am sold pretty heavily. Maybe your charts signal something else, but mine still says down... Just my opinion of course!
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  • #427,599
  • Apr 7, 2016 5:05am Apr 7, 2016 5:05am
Quoting pressok
{quote} thanks i got long gu...where is your target
target is 141 500 and close hopefully later today.
i try and aim for 50 pips plus some change on trades.
Bought in at 140 800 - prefer to work with the daily range.
  • #427,600
  • Apr 7, 2016 5:07am Apr 7, 2016 5:07am
Quoting Don96
{quote} I took a long GO instead of GU, waiting for lower on GU and hoping yen starts to weaken, although not too confident on GO currently +60 or so, target 200 not at charts so probs will differ
always the choice hey don - its like are they selling to go lower or selling the range to go higher .. bias seems lower but i position on these trades .. so lets see at the end of the day ..
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