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Cable Update (GBPUSD)

  • #429,721
  • Apr 27, 2016 8:06am Apr 27, 2016 8:06am
Quoting asgcorp
no clarity yet H1 area provided resistance into current push now it's dumping pre-GDP data. 4490-4510 reaction key now that's where selling pressure could either stall or gain momentum. {image}
back to square 1.
  • #429,722
  • Apr 27, 2016 8:15am Apr 27, 2016 8:15am
Quoting asgcorp
gold and silver pushing higher pre-fomc
what you expect after FOMC. yellen has no good card to show market so gold and silver may be go more higher?!
Say something meaningful or Silence!!
  • #429,723
  • Apr 27, 2016 8:16am Apr 27, 2016 8:16am
Quoting classy
{quote} what you expect after FOMC. yellen has no good card to show market so gold and silver may be go more higher?!
no expectation will let the dust settle. Silver tried shorts and bailed out previously. I'd like it to push higher into 18.50 before an ultimate short. )))
  • #429,724
  • Apr 27, 2016 8:20am Apr 27, 2016 8:20am
Quoting Akt
{quote} Hello Denden. Thank you for bringing this to the table for discussion. Much appreciated. Reading your thoughts, if I may, i think one of the issues presenting themselves as a challenge for you is understanding the relationship between trends on different time frames and how to integrate that information to reach your conclusions. S&D is totally about trend trading. What it does in addition is allow us to also be more specific with counter trend trades. I would be keen to help you understand the inter-relationship between trends if you are...
PM sent. Thank you.
  • #429,725
  • Apr 27, 2016 8:21am Apr 27, 2016 8:21am
Quoting Ill-b-back
{quote} I used to use a similar tool but finding its reliability less now since 2012
macd is just a chart decoration, main job is done by 10 sma
  • #429,726
  • Apr 27, 2016 8:22am Apr 27, 2016 8:22am
Quoting PatienceFx
{quote} macd is just a chart decoration, main job is done by 10 sma
Ok thx,I was referring to the other tool on your chart though
Come with me if you want to live....
  • #429,727
  • Apr 27, 2016 8:27am Apr 27, 2016 8:27am
Quoting braintheboss
{quote} I blowed some accounts having that winning rate. I agree with you. Important thing is MM.
Don't Scare me...
Losers Hope, Winners Believe
  • #429,728
  • Apr 27, 2016 8:28am Apr 27, 2016 8:28am
Pound still has some up move left in GA but likely to be limited even with aussie sinking
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUDDaily.png Size: 34 KB
Click to Enlarge Name: GBPAUDMonthly.png Size: 24 KB
Come with me if you want to live....
  • #429,729
  • Apr 27, 2016 8:29am Apr 27, 2016 8:29am
Crossing of EMA 21 with EMA 55 might indicate a big move up.

Outlook Update GBP/USD | 27/04/2016
EMA 5 crossed SMA 8 down, Momentum H4 Down.
EMA 21 crossed EMA 55 up, Speed D UP

  1. Trend D (EMA 200) - DOWN
  2. Speed D (EMA 55 / EMA 21) - UP
  3. Momentum D (SMA 8/EMA 5) - UP
  4. Momentum H4 (SMA 8/EMA 5) - DOWN

  1. Bias D/H4 (High and Low, EMA 55 /EMA 21) - LONG
  2. Entry H4 (SMA 8/EMA 5, RSI) - SELL

Journal Trade#20
http://www.forexfactory.com/showthre...94#post8895594

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
What's that smell? ---- I smell money!
  • #429,730
  • Apr 27, 2016 8:34am Apr 27, 2016 8:34am
Quoting Ill-b-back
Pound still has some up move left in GA but likely to be limited even with aussie sinking {image} {image}


Although, I don't do GA, I love your top-down outlook. However, I would've done a weekly and daily rather than a monthly and daily. Good point made nevertheless. Lol

KP
Do your homework, follow the footprints of smart money
  • #429,731
  • Apr 27, 2016 8:37am Apr 27, 2016 8:37am
Quoting KeenPips
{quote} Although, I don't do GA, I love your top-down outlook. However, I would've done a weekly and daily rather than a monthly and daily. Good point made nevertheless. Lol KP
I watch all the TF's, I just thought the 2 showed the picture well enough. There is ascending monthly TL not far below to watch though
Come with me if you want to live....
  • #429,732
  • Apr 27, 2016 8:43am Apr 27, 2016 8:43am
Quoting KeenPips
{quote} Although, I don't do GA, I love your top-down outlook. However, I would've done a weekly and daily rather than a monthly and daily. Good point made nevertheless. Lol KP
I only just took my first GA trade today myself, entered smack on the 200ema and road that glorious candle up. Came home from work to find a single 0.02 trade had produced $72. I might watch this pair more often
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH4.png Size: 33 KB
Come with me if you want to live....
  • #429,733
  • Apr 27, 2016 8:45am Apr 27, 2016 8:45am
off to bed and missing all the action once again
Come with me if you want to live....
  • #429,734
  • Apr 27, 2016 8:50am Apr 27, 2016 8:50am
Quoting Ill-b-back
{quote} I only just took my first GA trade today myself, entered smack on the 200ema and road that glorious candle up. Came home from work to find a single 0.02 trade had produced $72. I might watch this pair more often {image}
Are you converting me??
Do your homework, follow the footprints of smart money
  • #429,735
  • Apr 27, 2016 9:08am Apr 27, 2016 9:08am
Quoting Don96
Ive got 1.4550x longs still valid for 1.468x, don't have much else on GU - 1.4618 I posted holding as some resistance atm, 1.4626/31 may also be res before higher high on small tf...
96 - going in long then .. cool
  • #429,736
  • Apr 27, 2016 9:10am Apr 27, 2016 9:10am
Quoting Magix
{quote}
Hey Bulldog you going in on FOMC - almost everyone else around here seems to be shitting in their pants over it ..
Staying long on this one

www.youtube.com/watch?v=PaZHhRcH7JE
  • #429,737
  • Apr 27, 2016 9:24am Apr 27, 2016 9:24am
it's better to be safe than sorry. wrong place wrong time.

Inserted Video
  • #429,738
  • Apr 27, 2016 9:34am Apr 27, 2016 9:34am
GU ability to maintain above 4550 pre-fomc will be key for further upside momentum to develop.
currently it's doing just that.
Attached Image (click to enlarge)
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  • #429,739
  • Apr 27, 2016 9:34am Apr 27, 2016 9:34am
Quoting dean1star
{quote} Hey Bulldog you going in on FOMC - almost everyone else around here seems to be shitting in their pants over it .. Staying long on this one www.youtube.com/watch?v=PaZHhRcH7JE

Pshhhhhhhhhhh...

I sit this shit out.

Wide sweeps where brokers can't fill orders ain't my bag.

FOMC, NFP = Fuckem!

If anything, I will find a nice perch around the 4632 for a zone clear and test for support and onward to 48.

If that plan fails...will re-assess and find another perch.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,740
  • Apr 27, 2016 9:48am Apr 27, 2016 9:48am
Quoting dean1star
{quote} 96 - going in long then .. cool
you went long? I would consider long, stops just below 1.4540, half a position perhaps. and maybe wait for 1.4550 or the low it posted, again only small tf of levels smaller etc etc u get the deal. I'm flat on GU anyway, Shorted silver @1730ish
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