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Cable Update (GBPUSD)

  • #428,841
  • Apr 18, 2016 8:16pm Apr 18, 2016 8:16pm
as predicted, it won't go down from current area... need to go up 50-100 pips more

wait for strong move, specially if H4 candle create the latest 3 small bullish candle
  • #428,842
  • Apr 18, 2016 8:23pm Apr 18, 2016 8:23pm
There is a perfect triangle formation on daily .. we bought at 1.4140 and holding )
  • #428,843
  • Apr 18, 2016 8:50pm Apr 18, 2016 8:50pm
Quoting ongcan
There is a perfect triangle formation on daily .. we bought at 1.4140 and holding )
Yes many reason to buy, price action, candle formation, and now the price hovering above 1.4300
  • #428,844
  • Apr 18, 2016 9:39pm Apr 18, 2016 9:39pm
i wont sell if no have sell volume or momentum there.
trade safe . and my buy trade almost hit target
  • #428,845
  • Apr 18, 2016 10:24pm Apr 18, 2016 10:24pm
Quoting attilafx
{quote} 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. {image}
That sir is correct!
Ask and you look stupid for 5 minutes. Don't ask and stay stupid forever.
  • #428,846
  • Apr 19, 2016 12:36am Apr 19, 2016 12:36am
curious how price evolves
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persistence and determination alone are omnipotent
  • #428,847
  • Apr 19, 2016 12:38am Apr 19, 2016 12:38am
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tp area can we see 161%
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  • #428,848
  • Apr 19, 2016 12:48am Apr 19, 2016 12:48am
Quoting pet
entered buy position 1.4152, sl 1.4116, tp1 1.14190, tp2 1.4245, tp3 1.4308, 1.14350, how about this ? 36pips SL


update! well, that's TP3 achieved right now at 1.4308
  • #428,849
  • Apr 19, 2016 12:49am Apr 19, 2016 12:49am
Quoting elbert3
{image} tp area can we see 161%{image}
Thnx for your charts B! .... but those blue lines on a black background makes make eyes go
persistence and determination alone are omnipotent
  • #428,850
  • Apr 19, 2016 1:10am Apr 19, 2016 1:10am
now BREXIT IN favour for remain this is good reason for cable to fly

actually, this is only a reason, big money can do everything....
  • #428,851
  • Apr 19, 2016 1:19am Apr 19, 2016 1:19am
Quoting Ll1979
{quote} Thnx for your charts B! .... but those blue lines on a black background makes make eyes go
The color should be light, so that in contrast background we could easily read it.
  • #428,852
  • Apr 19, 2016 1:24am Apr 19, 2016 1:24am
Hahaha, really sucks...
I have open long @1.4305 since Japan session.
I just close my long @1.4307 (only profit 2 pips), because I'm not sure with the price movement.
After I closed it, suddenly up 20 pips
Maybe not my luck for this session, wait for Europe session.

The bull still not break and close above 1.4400 (daily trend line).
Good luck for all.
Don't trust me. I'm still newbie
  • #428,853
  • Apr 19, 2016 1:25am Apr 19, 2016 1:25am
Quoting KucinkGaronk
now BREXIT IN favour for remain this is good reason for cable to fly actually, this is only a reason, big money can do everything....
​I don't believe news or rumours . I trust the P.A and SnR. there are my real friends
  • #428,854
  • Apr 19, 2016 1:42am Apr 19, 2016 1:42am
I'm thinking this.

Moved my sell stop a bit higher. RSI almost overbought, I think it will come down but chances are it's just for the retracement.
Tight trade management necessary.

If it breaks the triangle bias will be up.
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What's that smell? ---- I smell money!
  • #428,855
  • Apr 19, 2016 1:45am Apr 19, 2016 1:45am
Quoting pressok
{quote} ​I don't believe news or rumours . I trust the P.A and SnR. there are my real friends
That's why I said big money / big boys can do everything, some time good data not always supporting the currencies....but current PA indicating bull so strong
  • #428,856
  • Apr 19, 2016 1:46am Apr 19, 2016 1:46am
bought from Friday 4130 , now my target achives 200 pips . I'm stay away now for looking new entry .
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  • #428,857
  • Apr 19, 2016 2:40am Apr 19, 2016 2:40am
If it comes down a double top might indicate it's going back to 1.4040 support before it moves higher.

Don't think it's time to break the triangle yet.
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What's that smell? ---- I smell money!
  • #428,858
  • Apr 19, 2016 2:55am Apr 19, 2016 2:55am
1.4300 defended very well.....
  • #428,859
  • Apr 19, 2016 3:00am Apr 19, 2016 3:00am
H4 close in one hour, possible shooting star.

Update
Nevermind
Sell stop hit, thumbs up!
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What's that smell? ---- I smell money!
  • #428,860
  • Apr 19, 2016 3:05am Apr 19, 2016 3:05am
Looking for a long entry on a bounce from a key level @ 1.4283 or a bounce from a hourly support @ 1.4254 with a target @ 1.4352 (hourly support).

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