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Cable Update (GBPUSD)

  • #427,661
  • Apr 8, 2016 1:22am Apr 8, 2016 1:22am
Quoting MaryAnne
{quote} Actually this is what caught my attention too. EG been going on an "uphill" lol. ps: thanks for sharing your EW charts. out of curiosity, are thost software generated? or u manually charted by hand? curious
EW is manual via eSignal.
  • #427,662
  • Apr 8, 2016 1:52am Apr 8, 2016 1:52am
Quoting asgcorp
{quote} pretty much you nailed it.
Thanks. I like your levels too.

I will send you a friend request.

Thanks.
  • #427,663
  • Apr 8, 2016 1:53am Apr 8, 2016 1:53am
Quoting pipcenturion
{quote} Thanks. I like your levels too. I will send you a friend request. Thanks.
  • #427,664
  • Apr 8, 2016 3:15am Apr 8, 2016 3:15am
before news looks very bullish atm, M5 close above 4140 - next up 4200 and 4260 imo. On H4 really strong and still got some firepower left. 4050 looks as solid support atm. If locks above 4140 and reverts from res to supp, very bullish indeed.
  • #427,665
  • Apr 8, 2016 3:50am Apr 8, 2016 3:50am
Long closed in profit for pound dollar. 20 pips but pips is pips..
waiting to short.

Euro looking to close long in profit soon.

(Testing new system)
  • #427,666
  • Apr 8, 2016 4:02am Apr 8, 2016 4:02am
seems like we be locked in range for now only clean break above 4140-60 will open up more upside. The H4 close somewhat bullish still contained within recent range, obviously bad data being a drag on GU. Mixed bag, probably scalpers paradise for now with no strong data releases scheduled for friday it's a scalpers game.
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  • #427,667
  • Apr 8, 2016 4:08am Apr 8, 2016 4:08am
140 920 short pound dollar (position trade) stop loss in place ..
  • #427,668
  • Apr 8, 2016 4:13am Apr 8, 2016 4:13am
Quoting dean1star
140 920 short pound dollar (position trade) stop loss in place ..
good trade nice entry also
  • #427,669
  • Apr 8, 2016 4:25am Apr 8, 2016 4:25am
Quoting dean1star
140 920 short pound dollar (position trade) stop loss in place ..
​hm, could be a holder, 1/4 above previous low swing 1.4046 support, then 1.40235/1.40142, would have liked 1.4160 before a new low past 1.40046
  • #427,670
  • Apr 8, 2016 4:27am Apr 8, 2016 4:27am
Quoting asgcorp
{quote} good trade nice entry also
As you rightly said .. news for USA is light today - its Friday end of the weekly candle

143 100 high point of the weekly candle on Monday so worth to take the trade ..

Target 140 which is the weeks low i think marginally lower to create a new weekly low.
  • #427,671
  • Apr 8, 2016 4:29am Apr 8, 2016 4:29am
Above 1.4040 there is no any stop loss.
Very interesting to see what happens if it drops below 1.4040
  • #427,672
  • Apr 8, 2016 4:31am Apr 8, 2016 4:31am
Quoting Don96
{quote} ​hm, could be a holder, 1/4 above previous low swing 1.4046 support, then 1.40235/1.40142, would have liked 1.4160 before a new low past 1.40046
Its been down trending since the end of March last main high.
  • #427,673
  • Apr 8, 2016 4:42am Apr 8, 2016 4:42am
Quoting dean1star
{quote} Its been down trending since the end of March last main high.
​yeah i mean short term swing 1.40046 - 1.4170, the levels have been respected this far, short term that's what ive got
  • #427,674
  • Apr 8, 2016 4:43am Apr 8, 2016 4:43am
Quoting dean1star
{quote} As you rightly said .. news for USA is light today - its Friday end of the weekly candle 143 100 high point of the weekly candle on Monday so worth to take the trade .. Target 140 which is the weeks low i think marginally lower to create a new weekly low.
on the same trade with similar target
Come with me if you want to live....
  • #427,675
  • Apr 8, 2016 4:49am Apr 8, 2016 4:49am
Quoting Ill-b-back
{quote} on the same trade with similar target
Nice one .. lets see if wall st take the range of the high back first .. (grab a few quick stop losses too) ..
  • #427,676
  • Apr 8, 2016 5:13am Apr 8, 2016 5:13am
Hello, based on my view these are the zones where GBPUSD can land today. I am more bearish. Maybe some trades at supports that become resistances could be a good idea.

Attached Image (click to enlarge)
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  • #427,677
  • Edited 5:57am Apr 8, 2016 5:37am | Edited 5:57am
Trade #11 has hit trailing S/L for lot 1 @1.41372. Closed in 104 PIPS.

Lot 2 still running with an S/L above the previous bearish candle on the daily @1.41613.

Finding support @ 1.40. Price made an LL and I can see it going up for the retracement around 1.4230 and back south 1.3840.
Setting up a new trade when it hits 38.2 fib @ 1.4177.

Trade #11 Journal
http://www.forexfactory.com/showthre...91#post8861991
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What's that smell? ---- I smell money!
  • #427,678
  • Apr 8, 2016 6:20am Apr 8, 2016 6:20am
my view on GU...
4H chart
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  • #427,679
  • Apr 8, 2016 6:36am Apr 8, 2016 6:36am
Quoting dean1star
{quote} Nice one .. lets see if wall st take the range of the high back first .. (grab a few quick stop losses too) ..
Got out at 64

Looking at current PA, I get the feeling if and when this TL goes, it could explode up quite fast​
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Come with me if you want to live....
  • #427,680
  • Edited 8:10am Apr 8, 2016 6:48am | Edited 8:10am
#12 Trade Plan

If price opens the green zone = sell setup for 3% risk.
If price opens in the yellow zone below the support pennant line = sell setup for 2% risk.
If price hits the yellow zone above the support pennant line = sell setup for 2% risk.
If price hits the orange zone = sell setup for 1% risk.
If price opens in the orange zone = no setup.
If price hits the red zone below the resistance pennant line = no setup.
If price opens above the restistance pennant line = Change of Bias?

Notification set @ 1.41750.

Going for the double touch
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What's that smell? ---- I smell money!
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