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Cable Update (GBPUSD)

  • #428,121
  • Apr 12, 2016 10:50am Apr 12, 2016 10:50am
though it's too early to call but symmetrical triangle setup in GU in a strong downtrend (previously) is pretty bad news.
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  • #428,122
  • Apr 12, 2016 10:53am Apr 12, 2016 10:53am
Quoting asgcorp
though it's too early to call but symmetrical triangle setup in GU in a strong downtrend (previously) is pretty bad news. {image}
Was thinking the same thing before
Probably little early on the breakout.

http://www.forexfactory.com/showthre...32#post8867932
What's that smell? ---- I smell money!
  • #428,123
  • Apr 12, 2016 10:57am Apr 12, 2016 10:57am
also let's not forget that USDx is close to multi-year strong demand zone on daily, yes it can still be pulled lower, but imo the move down is VERY limited.
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  • #428,124
  • Apr 12, 2016 11:14am Apr 12, 2016 11:14am
#GBPUSD slow grind higher but should kiss 1.4280
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"W. D. Gann said that time is the most important factor among all things."
  • #428,125
  • Apr 12, 2016 11:15am Apr 12, 2016 11:15am
any trader who got in long >4300 this is your last chance to pull out (!!!) 4280-4300 GU won't push higher.
  • #428,126
  • Apr 12, 2016 11:16am Apr 12, 2016 11:16am
this mild move up is just like floating crap there is no volume and this move wont last / will be sold off tmrw.
  • #428,127
  • Apr 12, 2016 11:17am Apr 12, 2016 11:17am
Quoting asgcorp
any trader who got in long >4300 this is your last chance to pull out (!!!) 4280-4300 GU won't push higher.
Are you reloading shorts here?
  • #428,128
  • Apr 12, 2016 11:25am Apr 12, 2016 11:25am
after some good pips today ... touching upper level of Bolling Band so just a little short scalp ... for the fun of it
  • #428,129
  • Apr 12, 2016 11:30am Apr 12, 2016 11:30am
Quoting Denden2012
{quote} Are you reloading shorts here?
not yet Den, I'd wait for LO tmrw see what we get, but ideally we get an H4 candle test this line however it should full body close below that line this would give a solid signal to go short.

atm Im flat I had some longs since 4210 but already got out @ +40 points.
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  • #428,130
  • Apr 12, 2016 11:43am Apr 12, 2016 11:43am
also guys never buy @ WR/MR unless and until price clears the level with H4 full close above resistance. I mean just put the pivots on your chart and watch for rejection/break out. Today price was clearly rejected @ WR1. why would you go long @ 4320??? that's pure insanity.
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  • #428,131
  • Apr 12, 2016 11:46am Apr 12, 2016 11:46am
here's historical full body close above WR1 on GU, that's where you'd go long but not before a full body close H4 above WR1.
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  • #428,132
  • Apr 12, 2016 12:38pm Apr 12, 2016 12:38pm
Quoting elbert3
1.4145 is worth thinking about ?? thats me guys great trades , regards E
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not toooo bad a call
  • #428,133
  • Apr 12, 2016 12:41pm Apr 12, 2016 12:41pm
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just keep an eye on it break long should be 1.4439, if
  • #428,134
  • Apr 12, 2016 12:46pm Apr 12, 2016 12:46pm
Well a whole bunch of absolute bears in here , guess I have a contrarian view to most , guess thats why the markets work and why they invented stops , I believe we will see 1.4320 again before we see 1.40, not that it wont go to 1.40 again just not from here Im trading the long side ,,, but will make no guarantees,,,,,, the market makes fools out of guarantees. Weekly view a little divergence in the stochs and price 1st chart,,,,,,,,,,,,, daily view,,,,,,,,,,, it was whacked at the quarterly pivot which is at 1.4336 and the quarterly open at 1.4358,,,,,, this close it should get tested again before 1.40 does the red x x ;s are where I will be watching for longer term shorts for a poke at 1.40 if it is to go there,,,,,,,,,,, trade your charts , just a little different view is all
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  • #428,135
  • Apr 12, 2016 12:46pm Apr 12, 2016 12:46pm
Quoting tuty1311
{quote} so , is it the time to go short right now??
hi sorry i signed off , just back now ,
  • #428,136
  • Apr 12, 2016 12:47pm Apr 12, 2016 12:47pm
Quoting elbert3
{quote} {image}{image} not toooo bad a call
Hey E hope your killing it as usual man
  • #428,137
  • Apr 12, 2016 12:50pm Apr 12, 2016 12:50pm
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see the chart watch lower tc,
  • #428,138
  • Apr 12, 2016 12:57pm Apr 12, 2016 12:57pm
Quoting digger1
{quote} Hey E hope your killing it as usual man
hi Dig how you doing , i am in and out these days but seem to get a good move this mornings chart showed my last one ,hope you got a new tractor to play on,, i have been trying out a jcb too lol regards B
  • #428,139
  • Apr 12, 2016 1:10pm Apr 12, 2016 1:10pm
Quoting elbert3
{quote} hi Dig how you doing , i am in and out these days but seem to get a good move this mornings chart showed my last one ,hope you got a new tractor to play on,, i have been trying out a jcb too lol regards B
Great , tht tractor will be more fun than that car lol. Actually the ole gbp provided enough over the winter to buy some more ground , maybe the summer will provide enough for another tractor ha, hey tht yellow line looks kinda familiar lol, if all them green little lines make it close to the red xx on previous charts the local John Deere dealer will have a great summer ,,,,,, good to see ya man
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  • #428,140
  • Apr 12, 2016 1:12pm Apr 12, 2016 1:12pm
Quoting asgcorp
also guys never buy @ WR/MR unless and until price clears the level with H4 full close above resistance. I mean just put the pivots on your chart and watch for rejection/break out. Today price was clearly rejected @ WR1. why would you go long @ 4320??? that's pure insanity. {image}
The problem isn't so much buying at that level it's when you buy at that level. For example if you place an order. You place an order a bit above 1.4320 assuming price goes there and stays there on larger TF (4H). However, because it's an order you don't stay to watch and if you have bad luck like today and price moves lower again your stop gets hit and you lose.
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