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Cable Update (GBPUSD)

  • #428,941
  • Apr 20, 2016 1:11am Apr 20, 2016 1:11am
Quoting Motiv8
All the way to 1.40
karmostaji patience pills advised

cable is in a rising channel on weekly chart
  • #428,942
  • Apr 20, 2016 1:19am Apr 20, 2016 1:19am
Quoting PatienceFx
{quote} she will my son lets talk supports h1 charts short term ; 10 and 20 sma [ status broken ] medium term ; 50 sma [ first target on this short ] long term ; 100 and 200 sma [ next targets , if they hold , cable will continue its climb north ] there you have it a complete trendline free trading system
forex lesson 2 ; the sex routine

price moves in waves : push pull back push

from february lows cable has been making higher lows , which means we are in a rising trend

this means any retrace for the remainder of this week will be just price positioning for a push north to break daily 100 ma first

break daily 100 ma the consolidate above it , then push north again

Quoting PatienceFx
{quote} forex lesson 2 ; the sex routine price moves in waves : push pull back push from february lows cable has been making higher lows , which means we are in a rising trend this means any retrace for the remainder of this week will be just price positioning for a push north to break daily 100 ma first break daily 100 ma the consolidate above it , then push north again
this does mean that approximately 4290 / 4270 should be a good target on this short and that price may try to consolidate above it
  • #428,943
  • Apr 20, 2016 1:25am Apr 20, 2016 1:25am
Quoting Ll1979
{quote} bought some GU
Im waiting for a bit more confirmation but it looks good so far
  • #428,944
  • Apr 20, 2016 1:33am Apr 20, 2016 1:33am
Im expecting price to hit the green below before going to the green above. Also, draw a line at 1.4378 and watch it very very closely
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 42 KB
I'm high on trading, cant you tell?
  • #428,945
  • Apr 20, 2016 1:34am Apr 20, 2016 1:34am
Quoting raiders
{quote} Im waiting for a bit more confirmation but it looks good so far
i know the feeling i also doubt those moments

open when new H1 candle or entry on resistanceline or on engulfing
persistence and determination alone are omnipotent
  • #428,946
  • Apr 20, 2016 1:35am Apr 20, 2016 1:35am
Quoting raiders
{quote} Im waiting for a bit more confirmation but it looks good so far
Ill join you soon, whats your target?
I'm high on trading, cant you tell?
  • #428,947
  • Apr 20, 2016 1:42am Apr 20, 2016 1:42am
Quoting Sammih
{quote} Yesterday I drew the blue rectangle on my chart. Its a buy area. Just took a quick short here , to within the rectangle. I will exit if price closes above the magenta SMA 1.4 is over 300 pips down, really? {image}
1.40 not today but in 3days.
  • #428,948
  • Apr 20, 2016 1:44am Apr 20, 2016 1:44am
Today 1.4280 1.4250
  • #428,949
  • Apr 20, 2016 1:57am Apr 20, 2016 1:57am
Shorts will suffer today
Come with me if you want to live....
  • #428,950
  • Apr 20, 2016 1:58am Apr 20, 2016 1:58am
Let 's see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
persistence and determination alone are omnipotent
  • #428,951
  • Apr 20, 2016 2:01am Apr 20, 2016 2:01am
killed my long waiting for another opportunity
persistence and determination alone are omnipotent
  • #428,952
  • Apr 20, 2016 2:04am Apr 20, 2016 2:04am
Quoting Motiv8
{quote} 1.40 not today but in 3days.
Look at this
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 55 KB
I'm high on trading, cant you tell?
  • #428,953
  • Apr 20, 2016 2:10am Apr 20, 2016 2:10am
Its a very strong resistance, no?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 2.png Size: 56 KB
I'm high on trading, cant you tell?
  • #428,954
  • Apr 20, 2016 2:14am Apr 20, 2016 2:14am
If we break 1.4390 I'm long If not short. News from BOE Boss, wasn't good yesterday, Q1 GDP will be affected by Brexit, also others macros. Let's see how market react to yesterday BOE Boss news.
  • #428,955
  • Apr 20, 2016 2:23am Apr 20, 2016 2:23am
Quoting Ill-b-back
Shorts will suffer today
price is too far from the SMAs. I expect a drop or a consolidation to allow them to catch up. plus we've just come into serious resistance. Overall, I thing we are going up, in the short term, i think, unless we break the resistance, a short would be a good trade here.
I'm high on trading, cant you tell?
  • #428,956
  • Apr 20, 2016 2:24am Apr 20, 2016 2:24am
Quoting Sammih
Its a very strong resistance, no? {image}
Resistance is resistance till be broken. I still see a weekend gap from some weeks ago at 1.4468, this gap need to be fill, when? Not sure last 3 attempts to fill the gap, failed. So will be today? I have some doubts about that, but let's see. Like I said If we don't go above 1.4390 we go back to 1.4280-1.4250. That's only my opinion. I respect all opinions. Safe trades guys.
  • #428,957
  • Apr 20, 2016 2:32am Apr 20, 2016 2:32am
Quoting Sammih
{quote} Ill join you soon, whats your target?
4450 hopefully
  • #428,958
  • Apr 20, 2016 2:36am Apr 20, 2016 2:36am
Quoting Sammih
Its a very strong resistance, no? {image}
I quite like this setup too. Decent r:r for a short given the price level. Though I still think there are still room for upward move to test the resistance.
The only true wisdom is in knowing you know nothing.
  • #428,959
  • Apr 20, 2016 2:37am Apr 20, 2016 2:37am
I have my doubts but I'm hoping price stays in the little flag pattern till news drops. Good news has my eye towards 4450 bad news and it's a nice fall to 4100 I think
  • #428,960
  • Apr 20, 2016 2:41am Apr 20, 2016 2:41am
Quoting Sammih
{quote} price is too far from the SMAs. I expect a drop or a consolidation to allow them to catch up. plus we've just come into serious resistance. Overall, I thing we are going up, in the short term, i think, unless we break the resistance, a short would be a good trade here.
my opinion is those MA's may have to wait
Come with me if you want to live....
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