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Cable Update (GBPUSD)

  • #428,801
  • Apr 18, 2016 10:30am Apr 18, 2016 10:30am
1.4280 double top on H1. Let's move south now.
  • #428,802
  • Apr 18, 2016 10:35am Apr 18, 2016 10:35am
​Holding target til 1.43000. should punch through
Just 20 pips a day to riches
  • #428,803
  • Apr 18, 2016 10:39am Apr 18, 2016 10:39am
i give u tips guys , if u want sell better wait at higher area or fibo cycle max zone 261.8 = 1.4320 area to looking short at least h1 chart
  • #428,804
  • Apr 18, 2016 10:56am Apr 18, 2016 10:56am
I think we are now in the distribution phase and price will bounce between S (1.42262) and R (1.42798). Then once broken will head south.

Huge volume got us up to the current level and for the selling climax.
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  • #428,805
  • Apr 18, 2016 11:27am Apr 18, 2016 11:27am
Using the Fib time zones, early may will be a good time to look out for a descending triangle breakout.
Until then trading the range of the triangle.
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What's that smell? ---- I smell money!
  • #428,806
  • Apr 18, 2016 11:31am Apr 18, 2016 11:31am
Quoting trademb
I think we are now in the distribution phase and price will bounce between S (1.42262) and R (1.42798). Then once broken will head south. Huge volume got us up to the current level and for the selling climax. {image}
agree... Just started to add 1 lot sell every hour back to 10ema... Easy pips.
FREEDOM IS SECURITY.
  • #428,807
  • Apr 18, 2016 11:35am Apr 18, 2016 11:35am
My prediction is tomorrow will be a slow mover. Heading south on wednesday.

Update

Unless the news gives us some movement.

Attached Image (click to enlarge)
Click to Enlarge Name: News 18042016 GBPUSD.jpg Size: 42 KB
What's that smell? ---- I smell money!
  • #428,808
  • Apr 18, 2016 11:40am Apr 18, 2016 11:40am
1.4290 hit and run back let's see where will be the support. 1.4250? 1.4220?
  • #428,809
  • Apr 18, 2016 11:56am Apr 18, 2016 11:56am
Quoting SteFX85
{quote} and the 0.786 fib 1.4292 will keep an eye on it {image}
  • #428,810
  • Apr 18, 2016 12:04pm Apr 18, 2016 12:04pm
Quoting SteFX85
{quote} and the 0.786 fib 1.4292 will keep an eye on it {image}
nice one Stef pipsniper
persistence and determination alone are omnipotent
  • #428,811
  • Apr 18, 2016 12:07pm Apr 18, 2016 12:07pm
Quoting pressok
im still hold buy target 1.4350 it still have momentum to go up. very simple why reason i keep buy all bottom all time. my chart have AO divergence on daily chart , fibonachhi 61.8/38.2 = 1.4100 still defend very good.
very good Sir, I see your mark.
missed it by a smidge last week
Come with me if you want to live....
  • #428,812
  • Apr 18, 2016 12:07pm Apr 18, 2016 12:07pm
Quoting Sammih
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 {image}
my apologies, as you were
Come with me if you want to live....
  • #428,813
  • Edited 12:36pm Apr 18, 2016 12:12pm | Edited 12:36pm
Quoting Ll1979
{quote} nice one Stef pipsniper
Thank you! You 2 btw

Placed a sell stop @ 1.42595
S/L @ 1.42945 (-35PIPS)
Lot 1 TP @ 1.41895 (+70PIPS)
Lot 2 TP @ 1.40595 (+200PIPS)

R/R = 1 / 3.85

Doji or spinning top on the H4 would be nice.
Checking back in 3h.
Time for some food and a beer (or a few )

Update
Added another lot with tp @ the descending triangle support line.

#17 Trade Journal
http://www.forexfactory.com/showthre...88#post8879688
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What's that smell? ---- I smell money!
  • #428,814
  • Apr 18, 2016 12:18pm Apr 18, 2016 12:18pm
#GBPUSD Covered @ 1.4280 imo pound is loosing momo it could retrace... also pound could hit my original targets.... if it picks up steam again I will go long... for now happy I locked in $$$$ dates to keep an eye on 19th 20th 21th could bring a turn to the downside
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."
  • #428,815
  • Apr 18, 2016 12:30pm Apr 18, 2016 12:30pm
Quoting Don96
{quote} Didn't enter, had others running, I'm waiting for 1.4317x and 1.4332x to short, resistance is at 1.4282 1/4 from prev swing and 61.8 from swing before intersect here... we will see. I'm not in UC long from 1.2880 either, still running NU short, closed EJ too early, probs could have squeezed another 50 from it
held - added NU short, new high and I'm out, two running now, 0.6952 and 0.6932
  • #428,816
  • Apr 18, 2016 12:35pm Apr 18, 2016 12:35pm
Quoting Don96
{quote} held - added NU short, new high and I'm out, two running now, 0.6952 and 0.6932
Kuwait oil strike going into second day, production cut by almost 60%, not sure the significance on oil/oil countries, Kuwait is 11th largest oil producer in world with 2.7million barrels/day, cut to over half... may take with pinch of salt
  • #428,817
  • Apr 18, 2016 12:37pm Apr 18, 2016 12:37pm
it seems very bullish to me be careful dude
When life gives you lemons, make lemonade
  • #428,818
  • Apr 18, 2016 12:43pm Apr 18, 2016 12:43pm
Quoting micho
it seems very bullish to me be careful dude
NU? which timeframe?​
  • #428,819
  • Apr 18, 2016 12:44pm Apr 18, 2016 12:44pm
Quoting Don96
{quote} NU? which timeframe?​
1h to daily
When life gives you lemons, make lemonade
  • #428,820
  • Apr 18, 2016 12:48pm Apr 18, 2016 12:48pm
Nice Bull flag M30, H1....
Dont sell, it will be strong flying ....don't see the sign of bear power
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