Cable Update (GBPUSD) | Page 21401 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #428,001
  • Apr 12, 2016 6:29am Apr 12, 2016 6:29am
TP on longs atm can be upgraded to 4380-4420. expecting a mild retrace but no big deal.
  • #428,002
  • Apr 12, 2016 6:30am Apr 12, 2016 6:30am
Quoting SteFX85
{quote} Hey Don, Yes I was planning on it, if price hits the red I will aim for a smaller profit and adjust S/L quicker than usual. Thanks for the tip btw
No problem, 1.443x is my best bet, sl above recent high and aim for lows... if it gets there I'll be going back to some of my old posts for holding long swing trades below 1.4011
  • #428,003
  • Apr 12, 2016 6:30am Apr 12, 2016 6:30am
if we hit 4280 you can add long, but only if you got runners since 4220-40, otherwise stay put.
  • #428,004
  • Apr 12, 2016 6:35am Apr 12, 2016 6:35am
Quoting asgcorp
if we hit 4280 you can add long, but only if you got runners since 4220-40, otherwise stay put.
Think it will come down first for the retrace?
Anyway no entry signal = no trade

This is exactly why I lower my risk above 61.8. Chances of a trend continuation are.....
What's that smell? ---- I smell money!
  • #428,005
  • Apr 12, 2016 6:36am Apr 12, 2016 6:36am
#GBPUSD so far pound broke Res above, doing pyramid style now with trailing stop..... pound just hit minor Res Arch, I'm keeping my eye on 4-13-16
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4-12-16.png Size: 86 KB
"W. D. Gann said that time is the most important factor among all things."
  • #428,006
  • Apr 12, 2016 6:39am Apr 12, 2016 6:39am
Quoting SteFX85
{quote} Think it will come down first for the retrace? Anyway no entry signal = no trade This is exactly why I lower my risk above 61.8. Chances of a trend continuation are.....
See I basically trade opposite to you, in terms of risk wise, closer to 1% closer to the recent high / low but I also sometimes get stopped put at b.e after being a considerable about up because I hold out for longer
  • #428,007
  • Apr 12, 2016 6:44am Apr 12, 2016 6:44am
Quoting Don96
{quote} See I basically trade opposite to you, in terms of risk wise, closer to 1% closer to the recent high / low but I also sometimes get stopped put at b.e after being a considerable about up because I hold out for longer
On a day like today actually yours is better I think, because I am at home at my computer. When it's working day for me I just Can't manage the trade so often.
As I see it since the chance of a loss is bigger, I would risk less of my account.

Maybe trailing stop? Still thinking over some things
What's that smell? ---- I smell money!
  • #428,008
  • Apr 12, 2016 6:50am Apr 12, 2016 6:50am
not sure that retrace is necessary though it will give the move more strength, still looking back to a pretty much similar move A to B GU didn't give you much of pullback, right?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
  • #428,009
  • Apr 12, 2016 6:51am Apr 12, 2016 6:51am
50pip from today high to hit TL and ADR
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 35 KB
  • #428,010
  • Apr 12, 2016 6:53am Apr 12, 2016 6:53am
Quoting asgcorp
not sure that retrace is necessary though it will give the move more strength, still looking back to a pretty much similar move A to B GU didn't give you much of pullback, right? {image}
depends if we run into further resistance at 14350. my pivot for r3 is 4892 but would be happy at 4875
let's watch the ny open
  • #428,011
  • Apr 12, 2016 6:57am Apr 12, 2016 6:57am
In that move RSI didn't go back to >70.

Now it is >70, that's why I think a move down is coming.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
What's that smell? ---- I smell money!
  • #428,012
  • Apr 12, 2016 7:03am Apr 12, 2016 7:03am
don't you think the follow through is pretty weak given the cpi level?

1.4320 res 2 holding strong
  • #428,013
  • Apr 12, 2016 7:04am Apr 12, 2016 7:04am
rsi 80 would be trouble, atm it's just overbought not at extremes, it can retrace somewhat but then enroute to 4380-4420.
  • #428,014
  • Apr 12, 2016 7:06am Apr 12, 2016 7:06am
buy into retest of 4280 and don't look back. or if long from 4220-40 and below just adjust your stop to BE and stay cool.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB
  • #428,015
  • Apr 12, 2016 7:07am Apr 12, 2016 7:07am
Quoting Don96
{quote} perhaps, ill see how this holds first and yes I agree {image}

50 retrace back to 1/4
Attached Image
  • #428,016
  • Apr 12, 2016 7:11am Apr 12, 2016 7:11am
Nice to see some of you using volume in your analysis!
  • #428,017
  • Apr 12, 2016 7:12am Apr 12, 2016 7:12am
That's exactly at my channel line so this could be the case idd.
I will use that zone to look for a reversal.

But If I get an entry signal now I'll still trade it.
What's that smell? ---- I smell money!
  • #428,018
  • Apr 12, 2016 7:12am Apr 12, 2016 7:12am
H4 not looking good but still an hour to go.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #428,019
  • Apr 12, 2016 7:14am Apr 12, 2016 7:14am
Quoting nealpek
Nice to see some of you using volume in your analysis!
hey Neal, how are you sir? Seems like this move atm got some nice volume flowing into it, delta turning very negative also.
Any ideas?
  • #428,020
  • Apr 12, 2016 7:15am Apr 12, 2016 7:15am
Quoting asgcorp
not sure that retrace is necessary though it will give the move more strength, still looking back to a pretty much similar move A to B GU didn't give you much of pullback, right? {image}
good going bro, had to quit all longs 4340

a soft song for cable traders [ my head burst and is still paining ]

Inserted Video
388 traders viewing now, 1 is registered:
F.g