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Cable Update (GBPUSD)

  • #427,921
  • Apr 12, 2016 2:22am Apr 12, 2016 2:22am
Quoting PatienceFx
sell cable to gain glory
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sorry but look at the 20 ema at work in red
  • #427,922
  • Apr 12, 2016 2:24am Apr 12, 2016 2:24am
Quoting elbert3
{quote}{image} sorry but look at the 20 ema at work in red
he works for f.x.c.m.
  • #427,923
  • Apr 12, 2016 2:29am Apr 12, 2016 2:29am
Quoting asgcorp
{quote} he works for f.x.c.m.
no we have to respect his opinion , careful was the word
  • #427,924
  • Apr 12, 2016 2:32am Apr 12, 2016 2:32am
Quoting elbert3
{quote} no we have to respect his opinion , careful was the word
yeah that's fine E I guess but the trend is clear as of right now unless we crack below 4220 and 4180 we will test 4320 first and then we shall see.
  • #427,925
  • Apr 12, 2016 2:36am Apr 12, 2016 2:36am
so where was the proper entry? Right there when price got out of the flag, so you don't have to stress the LO tricks. entry @ 4226 SL 4210 and TP 4310.
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  • #427,926
  • Apr 12, 2016 2:37am Apr 12, 2016 2:37am
Quoting asgcorp
{quote} yeah that's fine E I guess but the trend is clear as of right now unless we crack below 4220 and 4180 we will test 4320 first and then we shall see.
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hope so i just play my play , 4 hour support candle was a nice scalp played out of my line , so lets see if it can go long or confirm a break 4300 4432 i hope
  • #427,927
  • Apr 12, 2016 2:42am Apr 12, 2016 2:42am
typical GU price action before upside break out, goes up retail jump in triggers stops retrace lower and then finally breaks higher. it's almost typical atm.

volume atm is non-existent, there is no volume in the move right now, so I don't know what Neal will do, but atm it's either stay flat or buy low into weakness close to 4220 interim support.
  • #427,928
  • Apr 12, 2016 2:46am Apr 12, 2016 2:46am
Quoting asgcorp
typical GU price action before upside break out, goes up retail jump in triggers stops retrace lower and then finally breaks higher. it's almost typical atm. volume atm is non-existent, there is no volume in the move right now, so I don't know what Neal will do, but atm it's either stay flat or buy low into weakness close to 4220 interim support.
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nice cross up to 15 and 30 min now
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look at 1 hour no cross as yet and the last 100 and 200 emas are in a down trend , hence careful , it needs to start to make highs aand cross to get more support for the long case ,, hope that makes some sense lol , regards
  • #427,929
  • Apr 12, 2016 2:47am Apr 12, 2016 2:47am
Quoting asgcorp
typical GU price action before upside break out, goes up retail jump in triggers stops retrace lower and then finally breaks higher. it's almost typical atm. volume atm is non-existent, there is no volume in the move right now, so I don't know what Neal will do, but atm it's either stay flat or buy low into weakness close to 4220 interim support.
I will look to buy 1.4200 if it goes there today
Come with me if you want to live....
  • #427,930
  • Apr 12, 2016 2:53am Apr 12, 2016 2:53am
just what i think
4H GU
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  • #427,931
  • Apr 12, 2016 2:55am Apr 12, 2016 2:55am
4235 support from daily candle.
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  • #427,932
  • Apr 12, 2016 2:58am Apr 12, 2016 2:58am
yeah that's all very nice but how do you trade this before the news? After the news 3/4 of the move would be done FAST and you won't be able to get a decent entry.
  • #427,933
  • Apr 12, 2016 3:03am Apr 12, 2016 3:03am
Well I'm not quite sure, because timeframe H1, H4, and D1 have different signal.

H1
Chikou above price
RSI under 70
MACD going down

H4
Chikou above price
RSI under 70
MACD going up

D1
Chikou below price
RSI above 30
MACD going up

I take my decision based on 50% fib @1.4250

I long @1.4253 (1.4250 is 50% fib on my daily timeframe)
[email protected] (I usually set 20-30 pips for SL)
[email protected] (daily trendline)
Don't trust me. I'm still newbie
  • #427,934
  • Apr 12, 2016 3:03am Apr 12, 2016 3:03am
I just hate it when things are made too complicated.

Take the Daily candle for yesterday, now divide it in half. Then divide halfes once again in 50. You get 5 levels. now go back to H4 or M30.
The levels will give you indication of price action / trend strength.
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  • #427,935
  • Apr 12, 2016 3:12am Apr 12, 2016 3:12am
Quoting niubee
Well I'm not quite sure, because timeframe H1, H4, and D1 have different signal. H1 Chikou above price RSI under 70 MACD going down H4 Chikou above price RSI under 70 MACD going up D1 Chikou below price RSI above 30 MACD going up I take my decision based on 50% fib @1.4250 I long @1.4253 (1.4250 is 50% fib on my daily timeframe) [email protected] (I usually set 20-30 pips for SL) [email protected] (daily trendline)
too much info, but if that suits your style that's fine, you pretty much nailed it though with 4250, any price action above 4250 is VERY bullish.
  • #427,936
  • Apr 12, 2016 3:14am Apr 12, 2016 3:14am
ok obvously volume starts to pick up atm
  • #427,937
  • Apr 12, 2016 3:15am Apr 12, 2016 3:15am
Quoting asgcorp
{quote} too much info, but if that suits your style that's fine, you pretty much nailed it though with 4250, any price action above 4250 is VERY bullish.
ya, some tutorial said, keep your analysis simple.
sometimes I need confirm some signal from 3 indicators at least and of course price action
Don't trust me. I'm still newbie
  • #427,938
  • Apr 12, 2016 3:16am Apr 12, 2016 3:16am
Quoting asgcorp
I just hate it when things are made too complicated. Take the Daily candle for yesterday, now divide it in half. Then divide halfes once again in 50. You get 5 levels. now go back to H4 or M30. The levels will give you indication of price action / trend strength. {image}
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month candle with condensed ext on you cannot see the full picture but it sits in the long and support 61% 4380 turns it green so if we get good news 4423 target , bounce area i would say 4187 to keep any longs in play
  • #427,939
  • Apr 12, 2016 3:19am Apr 12, 2016 3:19am
Quoting asgcorp
ok obvously volume starts to pick up atm
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could se a wash out here take out the long stops and it might go long again ,, working to my numbers above gl,,
  • #427,940
  • Apr 12, 2016 3:21am Apr 12, 2016 3:21am
ok I think this will pop above 4300 before the data
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