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Cable Update (GBPUSD)

  • #427,961
  • Apr 12, 2016 3:48am Apr 12, 2016 3:48am
Resistance at R1 pivot?
  • #427,962
  • Apr 12, 2016 3:49am Apr 12, 2016 3:49am
heading towards 1.4323??
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persistence and determination alone are omnipotent
  • #427,963
  • Apr 12, 2016 3:50am Apr 12, 2016 3:50am
Quoting asgcorp
{quote} yeah good deal just make final TP @ 4380-90 and you'd be in good shape. Was a clear short from last night guys, the bull flag on M5 was a solid tell also.
from my daily chart
100 SMA @1.4374
Horizontal line @1.4369
Upper boll @1.4415
Trendline @1.4415
My current [email protected]

Price @1.4380 would also great.
I have set trailing stop 20 pips, so I don't mind if the price hit my SL
Good luck to you.
Great analysis of yours
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Don't trust me. I'm still newbie
  • #427,964
  • Apr 12, 2016 3:52am Apr 12, 2016 3:52am
yeah guys look the pound is very strong atm, dollar is getting fried like a pig in a chinese restaurant, this will end badly.

Though to be safe I'd rather have GU clear above 4320 next 10 minutes.
  • #427,965
  • Apr 12, 2016 3:53am Apr 12, 2016 3:53am
Quoting niubee
{quote} from my daily chart 100 SMA @1.4374 Horizontal line @1.4369 Upper boll @1.4415 Trendline @1.4415 My current [email protected] Price @1.4380 would also great. I have set trailing stop 20 pips, so I don't mind if the price hit my SL Good luck to you. Great analysis of yours {image}
you are doing great bro your entry is solid, and trailing with 20 points also sounds like a good deal! GL to you also. Just watch 4320 and 4380 now.
  • #427,966
  • Apr 12, 2016 4:00am Apr 12, 2016 4:00am
EUR USD is going to hit 1.1500-1.1550 this week so I'm pretty sure GU can hit 4380-4400 area.
  • #427,967
  • Apr 12, 2016 4:06am Apr 12, 2016 4:06am
1.4145 is worth thinking about ?? thats me guys great trades , regards E
  • #427,968
  • Apr 12, 2016 4:11am Apr 12, 2016 4:11am
Quoting elbert3
1.4145 is worth thinking about ?? thats me guys great trades , regards E
so , is it the time to go short right now??
  • #427,969
  • Edited 4:50am Apr 12, 2016 4:33am | Edited 4:50am
If it breaks 1.4580 or if it makes a HL above 1.4322 I will change bias to long.
Ofcourse no entry on my short trade (yet? )

EMA 5 crossed SMA 8 on the daily momentum D is UP
Price broke EMA 21 and about to break EMA 55.

Outlook GBP/USD | 12/04/2016

 

  1. Trend D (EMA 200) - DOWN
  2. Speed D (EMA 55 / EMA 21) - DOWN
  3. Momentum D (SMA 8/EMA 5) - UP
  4. Momentum H4 (SMA 8/EMA 5) - UP

  1. Bias D/H4 (High and Low) - SHORT
  2. Entry H4 (SMA 8/EMA 5, RSI) - WAIT

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What's that smell? ---- I smell money!
  • #427,970
  • Apr 12, 2016 4:36am Apr 12, 2016 4:36am
maybe it wants to reach that resistance @ 4395 first and close the gap
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  • #427,971
  • Apr 12, 2016 4:50am Apr 12, 2016 4:50am
Quoting tuty1311
{quote} so , is it the time to go short right now??
why do you go short right now? The only proper entry was buying @ 4220-4440 pretty much now you'd be up +60 points and lock 1/2 or put SL to BE and wait for 4380.

going short on great cpi data sounds like a good plan.
  • #427,972
  • Apr 12, 2016 4:52am Apr 12, 2016 4:52am
price is just dancing around nearest volume stack
nothing to see here until US data release
  • #427,973
  • Apr 12, 2016 4:54am Apr 12, 2016 4:54am
put two TLs on your M30 chart and you have an answer. so complicated.
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  • #427,974
  • Apr 12, 2016 4:58am Apr 12, 2016 4:58am
price broke above 4280/Week R1 was a clean break out with high volume so this is a clear break out and indication price will reach next objective 4320 / 4380.
  • #427,975
  • Apr 12, 2016 5:01am Apr 12, 2016 5:01am
Quoting pooyan2012
just what i think 4H GU {image}
That is the same thing on my mind.
  • #427,976
  • Apr 12, 2016 5:03am Apr 12, 2016 5:03am
Quoting asgcorp
put two TLs on your M30 chart and you have an answer. so complicated. {image}
yes trading is rocket science
  • #427,977
  • Apr 12, 2016 5:04am Apr 12, 2016 5:04am
Quoting asgcorp
4060-4080 GU is not gonna give you a better entry now for a long to 4550
that's what it is ultimately, posted this way back april 6th. price indeed formed an interim bottom around this area.
  • #427,978
  • Apr 12, 2016 5:09am Apr 12, 2016 5:09am
what I see on GU atm is that if H4 closes solid candle above 4320 meaning a complete full body close above 4320 very very likely we will extend to 4520 ultimately, not today for sure but GU would definately use momentum build up and aim for 4500 area.
  • #427,979
  • Apr 12, 2016 5:10am Apr 12, 2016 5:10am
Quoting Don96
i will start adding at 1.4011... and further levels here... ill post the trades when i take them 1.38698 {image}
not bad
  • #427,980
  • Apr 12, 2016 5:12am Apr 12, 2016 5:12am
Quoting PatienceFx
{quote} yes trading is rocket science
exactly, while some say picking tops/bottoms is bad, ultimately price will tell you if it's close to bottoming out and topping out, so actually it makes a lot of sense to buy low and sell high you definately need a solid confirm, but just think about it, 90% of retail will do the opposite - i.e. buy high and sell low, therefore you get 99% loosing stats in fx. it's simplified for sure but pretty close to reality.
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