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Cable Update (GBPUSD)

  • #429,421
  • Apr 25, 2016 4:42am Apr 25, 2016 4:42am
gbpusd, gbpaud, gbpjpy gapped up up last night. they have now filled the gap. now they are heading right back into supply. when usdjpy falls after BOJ meetings this week gbpusd will fall
  • #429,422
  • Apr 25, 2016 4:43am Apr 25, 2016 4:43am
Quoting Magix
Bit of a tough spot... Whuda Thunk? lol {quote} {image}
))) With a bit of a push will do allright bro
Attached Image
  • #429,423
  • Apr 25, 2016 4:48am Apr 25, 2016 4:48am
Quoting asgcorp
{quote} ))) With a bit of a push will do allright bro {image}

I'm not the one screaming for the skorties here..."Cautious Longs".

Quoting Magix
We are above the daily Demand zone...ie, for the current, we are long. Until/Unless that motherfucker gets broken, I stay long. Cautiously.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,424
  • Apr 25, 2016 4:51am Apr 25, 2016 4:51am
Still long from last week no short in sight as of yet ..
  • #429,425
  • Apr 25, 2016 4:54am Apr 25, 2016 4:54am
11,000 jobs at risk as BHS teeters on brink
  • #429,426
  • Apr 25, 2016 5:10am Apr 25, 2016 5:10am
Long USD/JPY, Short GBP/USD - Goldman Sachs - hopefully noone is following this
  • #429,427
  • Apr 25, 2016 5:12am Apr 25, 2016 5:12am
Here's the scary part...

EU is just walking into a supply zone.

If it shits here, the Momo on cable could slow with it.
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,428
  • Apr 25, 2016 5:15am Apr 25, 2016 5:15am
key zone is 4550 61R
Either breaks or tanks few hundred pips south
As you can see GU has been in a range and could break north should Feds provide the impetus (no rate hike) which is likely scenario on rate but one is never sure on Feds.They could surprise the market.
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #429,429
  • Apr 25, 2016 5:20am Apr 25, 2016 5:20am
looking at EUR GBP it's still dumping big time on daily the previous day marubozu + todays gap it ain't looking good for sure
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  • #429,430
  • Apr 25, 2016 5:27am Apr 25, 2016 5:27am
53 PIPS OFF
  • #429,431
  • Apr 25, 2016 5:28am Apr 25, 2016 5:28am
Position trading target achieved @ 1.4498, now what?!! 1.4362-52?? The devil will always be in the detail - weekend Gapper, surely there is a reliable way of trading it, yes? lol

or is it heading down to say "hello" for our friends at 1.4347 again perhaps for the last time?

questions? and answers, no more signal service...lol
Attached Image (click to enlarge)
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  • #429,432
  • Apr 25, 2016 5:29am Apr 25, 2016 5:29am
GU not done here yet, 4450-60 re-test and up again.
  • #429,433
  • Apr 25, 2016 5:36am Apr 25, 2016 5:36am
Quoting pet
Position trading target achieved @ 1.4498, now what?!! 1.4362-52?? The devil will always be in the detail - weekend Gapper, surely there is a reliable way of trading it, yes? lol or is it heading down to say "hello" for our friends at 1.4347 again perhaps for the last time? questions? and answers, no more signal service...lol {image}
stay on sidelines until weds.Best trades are when you can take advantage of extreme volatility.
Got nothing going and most likely won't enter the markets until Feds open their cards
In trading, you have to be defensive and aggressive at the same time
  • #429,434
  • Apr 25, 2016 5:55am Apr 25, 2016 5:55am
#GBPUSD got stopped out with a minor loss, as we get closer to 4-26,27, stops need to be tighter. we are approaching the end of the first grid.... prices will get more volatile.... cycle have inverted on pound, so keep watch for a possible pivot high today or tomorrow.... on the 28th we start the next grid.... interesting to see that COT report is showing LS selling pound = green line... as I said before the pound is above the 45D showing strength as long as it stays above it...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 4-25-16.png Size: 84 KB
Click to Enlarge Name: gbp cot 4-25-16.png Size: 17 KB
"W. D. Gann said that time is the most important factor among all things."
  • #429,435
  • Apr 25, 2016 6:05am Apr 25, 2016 6:05am
Cable broker daily supply,therefore might want to go higher long term,to next daily supply at 1.46 zone .

For now it is in a retrace.

Those zones are the possible outcomes.
If it breaks the 3rd zone,it might go lower...

PA will tell


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  • #429,436
  • Apr 25, 2016 7:30am Apr 25, 2016 7:30am
MARKET IN REVERSE GEAR HOPING TO Enter BUY @ 1.4504 TP 1.4598 SL 1.4475
  • #429,437
  • Apr 25, 2016 7:33am Apr 25, 2016 7:33am
Happy for peace, Magix and I'll-b-back. lol

Quoting Ill-b-back
{quote} right on my posted daily TL retest and spikey 4hr tops, yeah magix I see it but not trading it. GU can push past there to take out stops below the 4hr swing low and if it does I will be waiting. If not I will catch it short up higher. Quite an easy game plan really. I really don't give two hoots what you think. I wasn't challenging your analysis, so telling me you were right is water off a ducks back. We all get it right at times, boasting about it is a chumps game
Do your homework, follow the footprints of smart money
  • #429,438
  • Apr 25, 2016 7:41am Apr 25, 2016 7:41am
Quoting adetola99
MARKET IN REVERSE GEAR HOPING TO Enter BUY @ 1.4504 TP 1.4598 SL 1.4475

agreed. I'm going for the same
  • #429,439
  • Apr 25, 2016 7:43am Apr 25, 2016 7:43am
Quoting KeenPips
Happy for peace, Magix and I'll-b-back. lol {quote}
Kumbaya?

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,440
  • Apr 25, 2016 7:55am Apr 25, 2016 7:55am
Quoting PatienceFx
going long with a 4484 tp i have know magix since he joined ff, he is good [ that will keep magix guessing about me for sometime ]

Indeed!

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