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Cable Update (GBPUSD)

  • #428,741
  • Apr 18, 2016 4:03am Apr 18, 2016 4:03am
Quoting Don96
{quote} +60 and SL at b.e
yeah nice trade playing the gap fill also. good deal.
  • #428,742
  • Apr 18, 2016 4:05am Apr 18, 2016 4:05am
Quoting asgcorp
{quote} yeah nice trade playing the gap fill also. good deal.
Playing gap fill to risky for me.

I am long on GU based on the charts I posted yesterday.
  • #428,743
  • Apr 18, 2016 4:09am Apr 18, 2016 4:09am
Quoting attilafx
{quote} Playing gap fill to risky for me. I am long on GU based on the charts I posted yesterday.
most times it is, however on GCAD we got strong stats so it's good.

GU can't be sure, but 4195 is area of the gap + DP, is it going to crack that area now? Not sure atm.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 340 KB
  • #428,744
  • Apr 18, 2016 4:15am Apr 18, 2016 4:15am
GU just re-testing broken TL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
  • #428,745
  • Apr 18, 2016 4:18am Apr 18, 2016 4:18am
Attached Image (click to enlarge)
Click to Enlarge Name: 5TVDh9G.png Size: 51 KB
  • #428,746
  • Apr 18, 2016 4:22am Apr 18, 2016 4:22am
GU rejection @ DP and gap fill area. + TL re-test rejection.
  • #428,747
  • Apr 18, 2016 4:33am Apr 18, 2016 4:33am
M5 candle close below 4175 good entry to go short
  • #428,748
  • Apr 18, 2016 4:38am Apr 18, 2016 4:38am
Quoting asgcorp
M5 candle close below 4175 good entry to go short
stop saying that. i need it to go higher
  • #428,749
  • Apr 18, 2016 5:20am Apr 18, 2016 5:20am
This one played out nicely last week, lets try it again
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 18TH.png Size: 52 KB
I'm high on trading, cant you tell?
  • #428,750
  • Apr 18, 2016 5:23am Apr 18, 2016 5:23am
ok if you want to jump in short the window will close next 8 minutes rejection is very clear now
  • #428,751
  • Apr 18, 2016 5:24am Apr 18, 2016 5:24am
Quoting Sammih
This one played out nicely last week, lets try it again {image}
yes but you have to realize that the signal was bullish engulfer and not the macd flip, it it wasn't for an engulfer macd won't flip think about it.
Attached Image
  • #428,752
  • Apr 18, 2016 5:35am Apr 18, 2016 5:35am
Quoting asgcorp
{quote} yes but you have to realize that the signal was bullish engulfer and not the macd flip, it it wasn't for an engulfer macd won't flip think about it. {image}
You are most probably right. The shorts are making the money in the cable. This is just a short term trade, intraday is my style. And trust me, if im wrong, ill get in short as soon as my signals tell me so. Price is in a triangle on the 4hr chart and there seems to be some demand at fridays lows, which coincides with the support trendline . Eventually price will break out of the triangle, to whichever side, i dont like to commit to sides. I follow my signals. Thats all there is to my trading
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 18th.png Size: 63 KB
I'm high on trading, cant you tell?
  • #428,753
  • Apr 18, 2016 5:41am Apr 18, 2016 5:41am
Opening gap on GU was filled, anyone can confirm as well?
  • #428,754
  • Apr 18, 2016 5:59am Apr 18, 2016 5:59am
#GBPUSD stuck between Sup and Res 45deg angle...... it could pop today and get over the 45deg, so keep watch if this happens or have an alert set in place to go long
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4-18-16.png Size: 84 KB
"W. D. Gann said that time is the most important factor among all things."
  • #428,755
  • Apr 18, 2016 6:00am Apr 18, 2016 6:00am
fyi nice sup/dem indicator, no ads (so far).
Attached File(s)
File Type: ex4 SupplyDemand.ex4   13 KB | 320 downloads
  • #428,756
  • Apr 18, 2016 6:05am Apr 18, 2016 6:05am
Quoting asgcorp
fyi nice sup/dem indicator, no ads (so far). {file}
Using your trendline, this is what I get...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 screen.png Size: 53 KB
I'm high on trading, cant you tell?
  • #428,757
  • Apr 18, 2016 6:05am Apr 18, 2016 6:05am
put this on M5 and youll see we've got into fresh supply now.
  • #428,758
  • Apr 18, 2016 6:08am Apr 18, 2016 6:08am
that's what you should get on M5
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
  • #428,759
  • Apr 18, 2016 6:09am Apr 18, 2016 6:09am
Quoting Sammih
{quote} Using your trendline, this is what I get... {image}
I think the stronger point now is that we are @ confluence of daily pivot rejection / gap fill rejection and TL re-test. We broke the TL price retested it and then it will go down. fairly simple setup.
  • #428,760
  • Apr 18, 2016 6:16am Apr 18, 2016 6:16am
This might be a coincidence but check out the picture attached. The 1200hrs bar every monday seems to shoot up for the last couple of weeks. Also, notice how, except for one week, stochastics is facing up and price tends to go up at the start of the week. Just an observation
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 observe.png Size: 62 KB
I'm high on trading, cant you tell?
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