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Cable Update (GBPUSD)

  • #428,821
  • Apr 18, 2016 12:49pm Apr 18, 2016 12:49pm
Quoting micho
{quote} 1h to daily
​well we are at strong res, and its my last chance for a lower low before a new high, so risk reward is perfect, entry was good enough. 0.6985 on higher levels, but a new high would have been made and I don't know where my stop would be, so might not take one there, I might take one. decide later hopefully it doesn't reach it... besides I wouldn't think that anyone is going long now... but each to their own strategies eh
  • #428,822
  • Apr 18, 2016 12:50pm Apr 18, 2016 12:50pm
Quoting Don96
{quote} ​well we are at strong res, and its my last chance for a lower low before a new high, so risk reward is perfect, entry was good enough. 0.6985 on higher levels, but a new high would have been made and I don't know where my stop would be, so might not take one there, I might take one. decide later hopefully it doesn't reach it... besides I wouldn't think that anyone is going long now... but each to their own strategies eh
ok good luck
When life gives you lemons, make lemonade
  • #428,823
  • Apr 18, 2016 12:59pm Apr 18, 2016 12:59pm
Quoting micho
{quote} ok good luck
​its not luck that's needed, its right or wrong, risk reward is over 1:4, again if Kuwait oil production reaches its max again, along with the failed Doha negotiations, commo currencies and oil price could take a tumble + they are mainly trading strong atm with oil rebound
  • #428,824
  • Apr 18, 2016 1:07pm Apr 18, 2016 1:07pm
Another 70 pips northwards take you to the next significant resistance, around 1.435

KP

Quoting Don96
{quote} ​well we are at strong res, and its my last chance for a lower low before a new high, so risk reward is perfect, entry was good enough. 0.6985 on higher levels, but a new high would have been made and I don't know where my stop would be, so might not take one there, I might take one. decide later hopefully it doesn't reach it... besides I wouldn't think that anyone is going long now... but each to their own strategies eh
Do your homework, follow the footprints of smart money
  • #428,825
  • Apr 18, 2016 1:24pm Apr 18, 2016 1:24pm
^^^waiting around there also, looks like an important fib/PA area

looks like it wants another shot at the title
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 33 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 33 KB
Come with me if you want to live....
  • #428,826
  • Apr 18, 2016 1:43pm Apr 18, 2016 1:43pm
Quoting attilafx
Closed my GU longs. Will see later again how we close the 4 hour. +70
Ok went out to early but no problem because now EU is ready to go for a run to the upside :-)
  • #428,827
  • Apr 18, 2016 1:57pm Apr 18, 2016 1:57pm
taking a stab here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB
Click to Enlarge Name: GBPUSDH11.png Size: 34 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 37 KB
Come with me if you want to live....
  • #428,828
  • Apr 18, 2016 2:40pm Apr 18, 2016 2:40pm
Quoting KeenPips
Another 70 pips northwards take you to the next significant resistance, around 1.435 KP {quote}
for GU? I already posted this resistance before it got there, and I'm waiting now for just shy of new high, as I posted, 1.432/3​
  • #428,829
  • Apr 18, 2016 2:42pm Apr 18, 2016 2:42pm
Quoting Ill-b-back
taking a stab here {image} {image} {image}
​don't think its a bad bet, where would your stop be? only reason I didn't take it was because of the stop placement + RRR
  • #428,830
  • Apr 18, 2016 2:48pm Apr 18, 2016 2:48pm
Very good. Ranging atm though.
Quoting Don96
{quote} for GU? I already posted this resistance before it got there, and I'm waiting now for just shy of new high, as I posted, 1.432/3​
Do your homework, follow the footprints of smart money
  • #428,831
  • Apr 18, 2016 2:52pm Apr 18, 2016 2:52pm
Quoting KeenPips
Very good. Ranging atm though. {quote}
​only on m5, liquidity dries up around this time
  • #428,832
  • Apr 18, 2016 3:20pm Apr 18, 2016 3:20pm
Next support for GU is 1.4230 area for a run up to 1.4390 area.
I will look there to buy again.
  • #428,833
  • Apr 18, 2016 3:43pm Apr 18, 2016 3:43pm
Quoting attilafx
Next support for GU is 1.4230 area for a run up to 1.4390 area. I will look there to buy again.
Levels to watch. Everything in between will be noise anyway IMO.

Attached Image (click to enlarge)
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  • #428,834
  • Apr 18, 2016 3:57pm Apr 18, 2016 3:57pm
This is what I don't like in EU.

Attached Image (click to enlarge)
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  • #428,835
  • Apr 18, 2016 4:05pm Apr 18, 2016 4:05pm
Quoting Don96
{quote} ​don't think its a bad bet, where would your stop be? only reason I didn't take it was because of the stop placement + RRR
I'm out of it, no confirmation of reversal.
Come with me if you want to live....
  • #428,836
  • Apr 18, 2016 4:18pm Apr 18, 2016 4:18pm
I am really sorry to everybody that I removed the resistance line from yesterday at current level. I am sorry.
I have readded it. Sorry once again.

Attached Image (click to enlarge)
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  • #428,837
  • Apr 18, 2016 4:30pm Apr 18, 2016 4:30pm
Attached Image (click to enlarge)
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yet another chance to break out or back to the squeeeeeze
  • #428,838
  • Apr 18, 2016 4:32pm Apr 18, 2016 4:32pm
Quoting elbert3
{image} yet another chance to break out or back to the squeeeeeze
Attached Image (click to enlarge)
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on the 5 min some s/r for you
  • #428,839
  • Apr 18, 2016 4:50pm Apr 18, 2016 4:50pm
Quoting elbert3
{quote} {image} on the 5 min some s/r for you
How many trendlines do you draw?
One should be enough.
This is a valid one. no need for a zillion trendlines in the hope which one will be the one.
draw on close, not on the wick. but what works for you. just saying.

Attached Image (click to enlarge)
Click to Enlarge Name: GU7.jpg Size: 133 KB
  • #428,840
  • Apr 18, 2016 6:08pm Apr 18, 2016 6:08pm
  •  chisi
  • | Joined Dec 2014 | Status: Consistency leads to mastery | 53 Posts
placed my sell limit on 1.4386, see you on wednesday guys!
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