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Cable Update (GBPUSD)

  • #428,221
  • Apr 13, 2016 3:09pm Apr 13, 2016 3:09pm
My charts show a broken support around 1.4280- 1.4200. It can be seen that GU is given away to shorts for now, looking to sell around 1.4190-1.4170.
  • #428,222
  • Apr 13, 2016 3:33pm Apr 13, 2016 3:33pm
GU looks like a bunch of chop to me....AJ in a nice triangle though prior to news later
  • #428,223
  • Apr 13, 2016 3:49pm Apr 13, 2016 3:49pm
Quoting Don96
1.4345x may have some resistance
did anyone take it?
  • #428,224
  • Apr 13, 2016 4:43pm Apr 13, 2016 4:43pm
Am short @ 1.42335
aiming for 1.4108 and 1.4040

24 pips up, slow movement today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
What's that smell? ---- I smell money!
  • #428,225
  • Apr 13, 2016 5:14pm Apr 13, 2016 5:14pm
The GBPUSD stalls at the 1.4200 level, if it bounces to the upside, then the 1.4400 may act as resistance. To the downside, the 1.4100 may act as support.
  • #428,226
  • Apr 13, 2016 5:31pm Apr 13, 2016 5:31pm
Quoting trademark
The GBPUSD stalls at the 1.4200 level, if it bounces to the upside, then the 1.4400 may act as resistance. To the downside, the 1.4100 may act as support.
Yeah 1.4200 level is a tough nut to break. I am leaning toward asg's analysis. We may see a bounce to 4280-4300 to reload on shorts. Will act accordingly.
  • #428,227
  • Apr 13, 2016 7:07pm Apr 13, 2016 7:07pm
GBP/USD daily looks very good towards those levels.
Attached Image (click to enlarge)
Click to Enlarge Name: daily gbp.png Size: 42 KB
Just 20 pips a day to riches
  • #428,228
  • Apr 13, 2016 8:10pm Apr 13, 2016 8:10pm
Now I'm gonna sell.

Below support 1.42... break through H1 200 SMA.
TP @1.4050 [email protected]
Don't trust me. I'm still newbie
  • #428,229
  • Apr 13, 2016 8:15pm Apr 13, 2016 8:15pm
Quoting PatienceFx
next in line wednesday = sideways to ranging thursday drop begins friday drop ends at 1.4000 work your bones and read what they say i used rotting wild buffalo bones
Attached Image


today is thursday

tp1 for shorts 1.40420

Quoting PatienceFx
{quote} {image} today is thursday tp1 for shorts 1.40420
1.4124 / 25 bounce

reload shorts on the bounce

Quoting PatienceFx
{quote} {image} today is thursday tp1 for shorts 1.40420
official announcement [ for forum mo also ]

http://www.forexfactory.com/forexlion

is my id , i made patiencefx just to prove i am not here to sell stuff or any other thing

i have always helped people.
  • #428,230
  • Apr 13, 2016 8:58pm Apr 13, 2016 8:58pm
#GBPUSD my calculation did not pan out... we did not hold 1.4200 it was important to hold that level..... I got stopped out and reversed my postion,
now I'm short 1.4192 / 1st target 1.4118 / 2nd target 1.4114 / Trailing my stop
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Click to Enlarge Name: gbpusd 4-13-16.png Size: 88 KB
"W. D. Gann said that time is the most important factor among all things."
  • #428,231
  • Edited 12:30am Apr 14, 2016 12:15am | Edited 12:30am
The GBP Official Bank Rate is at 7:00am EST. My question is: For all you people currently in a trade, will you hold on to your trade through the GBP Bank Rate announcement? Or will you exit your trade right before the announcement?

I'm currently in a sell at 1.4224 (I am in profit of 86 pips at the moment). My stop loss has been moved to break-even. Assuming it doesn't retrace to hit my break-even, I'm debating whether or not to exit my trade right before the Bank Rate announcement, or if I should just stay in the trade and go for the home run of the announcement going in my favor. What do you guys think?
"Trading is a mental sport." - Ziad Masri
  • #428,232
  • Apr 14, 2016 12:25am Apr 14, 2016 12:25am
removed all targets from my shorts , this drop will be huge
  • #428,233
  • Apr 14, 2016 12:27am Apr 14, 2016 12:27am
Quoting pressok
target 161.8 fib = 1.41019 .if yesterday low broken
almost reach my fib target
  • #428,234
  • Apr 14, 2016 12:30am Apr 14, 2016 12:30am
good morning traders. well obviously GU was a bag full of tricks and it slided @ asian session.

Currently we have heavy volume cluster @ 4080-4100, so I'd be looking for reaction close to that area.

today GU is trading below DP/WP/QP/MP so that's a definately a bearish setup atm, so look to rather short sell weak rallies.

Personally I hit SL on my small longs for -11 points since before asian, didn't catch the move down, so now I'm flat, I will sell into rallies if we get any at all.
  • #428,235
  • Apr 14, 2016 12:31am Apr 14, 2016 12:31am
Quoting Quickdraw
The GBP Official Bank Rate is at 7:00am EST. My question is: For all you people currently in a trade, will you hold on to your trade through the GBP Bank Rate announcement? Or will you exit your trade right before the announcement? I'm currently in a sell at 1.4224 (I am in profit of 86 pips at the moment). My stop loss has been moved to break-even. Assuming it doesn't retrace to hit my break-even, I'm debating whether or not to exit my trade right before the Bank Rate announcement, or if I should just stay in the trade and go for the home run of...
day opened today below day pivot, which is 4220, overall you should be in good shape price is very weak now.
  • #428,236
  • Apr 14, 2016 12:33am Apr 14, 2016 12:33am
sorry here's the vol profile supplementary to the above
Attached Image
  • #428,237
  • Apr 14, 2016 12:35am Apr 14, 2016 12:35am
Oh nooo... I have missed the GBP/AUD pair. It already down 100+ pips.

For GU, I see a pennant pattern in daily chart.
At bottom pennant line is 1.4050.
Is it same as you guys?

If it break below 1.4050 maybe I will add short again
Don't trust me. I'm still newbie
  • #428,238
  • Apr 14, 2016 12:36am Apr 14, 2016 12:36am
Quoting Quickdraw
The GBP Official Bank Rate is at 7:00am EST. My question is: For all you people currently in a trade, will you hold on to your trade through the GBP Bank Rate announcement? Or will you exit your trade right before the announcement? I'm currently in a sell at 1.4224 (I am in profit of 86 pips at the moment). My stop loss has been moved to break-even. Assuming it doesn't retrace to hit my break-even, I'm debating whether or not to exit my trade right before the Bank Rate announcement, or if I should just stay in the trade and go for the home run of...
below 4090-4110 GU is set to reach 4000 shortly. pullback is not really required. if we do pullback you can look to add on weak rallies.
  • #428,239
  • Apr 14, 2016 12:39am Apr 14, 2016 12:39am
two possible options to trade GU today: short sell weak rallies / if we get 4200 re-test it's the best option, short sell upon reversal on M30 @/close to 4200 SL 4230 TP 4080, alternative scenario, which I don't like due to stretched day range since asian is to short sell break below volume cluster @ 4090-4110 SL 25 points and TP @ 3980.
  • #428,240
  • Apr 14, 2016 12:43am Apr 14, 2016 12:43am
yeah . trend definitely bearish now. i will stay out from GBP big news today . watch level at 1.4100 . daily chart support level. if 4100 break after news should be drop until 1.3950 = 261.8 fib
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