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Cable Update (GBPUSD)

  • #428,861
  • Apr 19, 2016 3:06am Apr 19, 2016 3:06am
Quoting SteFX85
H4 close in one hour, possible shooting star. Update Nevermind Sell stop hit, thumbs up! {image}

Hangman
  • #428,862
  • Apr 19, 2016 3:10am Apr 19, 2016 3:10am
Quoting trademb
{quote} Hangman
Not possible the wick has to be twice as long as the body.

grtz
Attached Image
What's that smell? ---- I smell money!
  • #428,863
  • Apr 19, 2016 3:10am Apr 19, 2016 3:10am
Quoting trademb
{quote} Hangman
Lots of smart money volume on the last H1 candle. Goign short for a 38.2 fib retrace
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  • #428,864
  • Apr 19, 2016 3:11am Apr 19, 2016 3:11am
Quoting SteFX85
{quote} Not possible the wick has to be twice as long as the body. grtz {image}
Your correct.

Thanks mate
  • #428,865
  • Edited 3:30am Apr 19, 2016 3:15am | Edited 3:30am
Candle on the daily. Shooting star or gravestone Doji could be nice.
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But hey it's still early. It could go north so S/L in place.
The news could mess things up.

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What's that smell? ---- I smell money!
  • #428,866
  • Apr 19, 2016 3:16am Apr 19, 2016 3:16am
This was my thought for the day. Will move that TP if it shows 1.42264 S might break. Short entry at projection 1.43336. Sell limit above at 1.4350 not hit yet. We'll see.

Also watching GJ in it's current area.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #428,867
  • Apr 19, 2016 3:34am Apr 19, 2016 3:34am
May be I'm wrong. here are my H4 chart , price may push higher and create new high before come down.u can look previous down trend start from 12/4 (new high = 1.43477). will this market repeat again same pattern .we will see 1.4371-4391 there to spot sell setup.
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  • #428,868
  • Apr 19, 2016 3:44am Apr 19, 2016 3:44am
Attached Image (click to enlarge)
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Never Ever Give Up!
  • #428,869
  • Apr 19, 2016 4:03am Apr 19, 2016 4:03am
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!!! just closed last longs at 1.4325 - that's 25pips short of TP4, not bad at all - sometimes it's also allowed to leave pips on the table, think they have performed very well, sellers should come in around this current level, 1.4270-1.250 is enticing initially then 1.4215 - 1.4208, maybe 1.4190. Failure to hold may target the more important 1.410X area. just my 2 pennies of-course.


No position currently taken in gbpusd, but interested parties can try for above mentioned levels with stops above 1.4350.

1.4190 is still a key level to watch for momemtum flip, will try to keep up the updates, many green pips to all.
  • #428,870
  • Apr 19, 2016 4:08am Apr 19, 2016 4:08am
Quoting albchr
This was my thought for the day. Will move that TP if it shows 1.42264 S might break. Short entry at projection 1.43336. Sell limit above at 1.4350 not hit yet. We'll see. Also watching GJ in it's current area. {image}
Out for a couple and took that limit off the board. Pressure still up atm. Will wait. ... Hopefully not until Carney ... .. lol
Ghost Rider - WWTBMD?
  • #428,871
  • Apr 19, 2016 4:11am Apr 19, 2016 4:11am
Hello everyone.
Hope you are all trading well.

Here is the latest market analysis in video. I go over the GBPJPY, GBPUSD, NZDJPY etc

Inserted Video


Best wishes.
Be careful what you think because your thoughts run your life..Solomon
  • #428,872
  • Apr 19, 2016 4:13am Apr 19, 2016 4:13am
Quoting SteFX85
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. {image} {image}
No need to move the trendline up. Use the close not the wick. Demand outweighs supply with the cable right now. A retest ot the broken trendline is likely
I'm high on trading, cant you tell?
  • #428,873
  • Apr 19, 2016 4:23am Apr 19, 2016 4:23am
Bulls have it
Attached Image(s) (click to enlarge)
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I'm high on trading, cant you tell?
  • #428,874
  • Apr 19, 2016 4:36am Apr 19, 2016 4:36am
Typical move, false break 1.4300 to 1.4285 just to take same SL at that area, bounced above the level quickly....so 1.4300 remain defended
  • #428,875
  • Apr 19, 2016 4:36am Apr 19, 2016 4:36am
I'm thinking sell stop got hit a bit too early
What's that smell? ---- I smell money!
  • #428,876
  • Apr 19, 2016 4:48am Apr 19, 2016 4:48am
Quoting albchr
{quote} Out for a couple and took that limit off the board. Pressure still up atm. Will wait. ... Hopefully not until Carney ... .. lol
I can't see anything significant on the calender until next week's FOMC rate decision, that might keep the upward pressure on cable for a while. But since this is sadistic cable, how it wants to pre-run FOMC is quite unpredictable, with Brexit being the wild card too. So short term play with strong levels might be the way to go until things settled.

1.433x might be a resistance but we are knocking on it the 2nd time in a day, 1.44 is getting closer too.
Attached Image (click to enlarge)
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  • #428,877
  • Apr 19, 2016 4:54am Apr 19, 2016 4:54am
Quoting SteFX85
I'm thinking sell stop got hit a bit too early
Might be another dip before Carney kicks in, the timing of his testimony comes in coincide with US open
  • #428,878
  • Apr 19, 2016 4:59am Apr 19, 2016 4:59am
This should really convince the bears
Attached Image(s) (click to enlarge)
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I'm high on trading, cant you tell?
  • #428,879
  • Apr 19, 2016 5:01am Apr 19, 2016 5:01am
Ticket: 1251332465
Type: Open position
Action: Buy
Lots: 0.02
Symbol: GBPUSD
Open price: 1.43468
Latest price: 1.43465
Open time: Tue 19 Apr 2016 12:58:22
Profit: $ -0.06
Swap: $ 0.00
Commission: $ 0.00
Total profit: $ -0.06
T/P: 1.44200
S/L: 0.00000
  • #428,880
  • Apr 19, 2016 5:03am Apr 19, 2016 5:03am
Quoting PatienceFx
Ticket: 1251332465 Type: Open position Action: Buy Lots: 0.02 Symbol: GBPUSD Open price: 1.43468 Latest price: 1.43465 Open time: Tue 19 Apr 2016 12:58:22 Profit: $ -0.06 Swap: $ 0.00 Commission: $ 0.00 Total profit: $ -0.06 T/P: 1.44200 S/L: 0.00000
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