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Cable Update (GBPUSD)

  • #431,181
  • May 23, 2016 4:19am May 23, 2016 4:19am
Quoting L.m
{quote} About GU to me it just seems to have tested again the low made during the asian session. If you look at the weekly chart you'll see a clear S/R zone there. I'm long with min target @1.48.
I'm with you there, at the start of the London session it was looking like being sold of but a rise in equities means a risk on day ,
well spotted with the weekly S/R line, it's been hit quiet a few times over the last weeks...
Don't Leave Money on the Table
  • #431,182
  • May 23, 2016 4:34am May 23, 2016 4:34am
watched The Revenant over the weekend, now theres a Bear you don't wanna mess with.....

http://economictimes.indiatimes.com/photo/47338634.cms
Don't Leave Money on the Table
  • #431,183
  • May 23, 2016 4:46am May 23, 2016 4:46am
Quoting HaLBot
{quote} I'm with you there, at the start of the London session it was looking like being sold of but a rise in equities means a risk on day , well spotted with the weekly S/R line, it's been hit quiet a few times over the last weeks...
Opened Long @1.4523 TP 1.4580.
  • #431,184
  • May 23, 2016 4:50am May 23, 2016 4:50am
Quoting arasheed
{quote} Opened Long @1.4523 TP 1.4580.
Just curious, why 1.4523??
Don't Leave Money on the Table
  • #431,185
  • May 23, 2016 5:05am May 23, 2016 5:05am
The pa that follows the bearish pin bar that has formed on the 4-hourly chart can be pivotal. I'll be watching this for a possible bearish setup.

KP
Do your homework, follow the footprints of smart money
  • #431,186
  • May 23, 2016 5:05am May 23, 2016 5:05am
Quoting HaLBot
{quote} Just curious, why 1.4523??
Simply it was market price and I expected upmove.
  • #431,187
  • May 23, 2016 5:09am May 23, 2016 5:09am
Quoting arasheed
{quote} Simply it was market price and I expected upmove.
well if it's a demo account it doesn't matter to much, live account I hope you haven't hit your SL and it rises at least back to your BE...under 4470 could fall to 4400
didn't expect this sell off either but I've covered my long.
Don't Leave Money on the Table
  • #431,188
  • May 23, 2016 5:10am May 23, 2016 5:10am
In and out 50 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 58 KB
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot-{domain} {date} {time}.png Size: 12 KB
20 Pips a day keeps centerlink away
  • #431,189
  • May 23, 2016 5:23am May 23, 2016 5:23am
is there any possibility of turning toward the area between 1.44794 - 1.44287 for the next trend up ..?

Thanks
Libenter homines id quod volunt credunt
  • #431,190
  • May 23, 2016 5:35am May 23, 2016 5:35am
Quoting PaulDaemon
In and out 50 pips {image}{image}
awesome stuff that, you got out at the right time
Come with me if you want to live....
  • #431,191
  • May 23, 2016 6:31am May 23, 2016 6:31am
just 5 minutes ago I came to know its Monday, when I saw a price drop on Gu, and exclaimed, how the heck price can move on Sunday, need to change some habits, .
I just don't post analysis I trade it .
  • #431,192
  • May 23, 2016 6:36am May 23, 2016 6:36am
Quoting baliprada
is there any possibility of turning toward the area between 1.44794 - 1.44287 for the next trend up ..? Thanks
yes buy at 1.44720

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 60 KB

Already in profit so move sl in the green

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5-1.png Size: 46 KB
20 Pips a day keeps centerlink away
  • #431,193
  • May 23, 2016 7:01am May 23, 2016 7:01am
​Sell G/U at 1.4480 Target 1.4445
Just 20 pips a day to riches
  • #431,194
  • May 23, 2016 7:05am May 23, 2016 7:05am
Quoting PaulDaemon
{quote} yes buy at 1.44720 {image} Already in profit so move sl in the green {image}
Thanks PaulDaemon n Good luck mate...
Libenter homines id quod volunt credunt
  • #431,195
  • May 23, 2016 7:41am May 23, 2016 7:41am
Quoting Ill-b-back
looking at my mtf hybrids, I think we are heading down to 4330 area next after breaking back below 1.45 {image} {image} {image}
looks like it was a true TL
retest should provide a good entry if not in yet
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 33 KB
Come with me if you want to live....
  • #431,196
  • May 23, 2016 7:42am May 23, 2016 7:42am
I'll B Back, you read the market well last week predicting this bearish monday, what was it about the charts that gave you this prediction???
Don't Leave Money on the Table
  • #431,197
  • May 23, 2016 7:45am May 23, 2016 7:45am
The chart you just posted...LOL
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  • #431,198
  • May 23, 2016 7:55am May 23, 2016 7:55am
Quoting HaLBot
I'll B Back, you read the market well last week predicting this bearish monday, what was it about the charts that gave you this prediction???
The actual "Monday" thing was just a hunch based on the Cable swings I was watching but only just highligted on charts now to illustrate what was in my mind.
Cable loves to take out swing highs and lows to clear stops and complete "sweeps" as another trader well termed it. This pair representing the 2 most manipulative and prosecuted financial centres in the world, this is not surprising.
Hitting the untested 88.6 fib and hybrid retest was my clue of what was to come.

I don't think will hit 42ish area today as I thought we might though
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 35 KB
Come with me if you want to live....
  • #431,199
  • May 23, 2016 7:56am May 23, 2016 7:56am
Quoting HaLBot
The chart you just posted...LOL
ha,yeah, I could have just gone with that one
Come with me if you want to live....
  • #431,200
  • May 23, 2016 8:02am May 23, 2016 8:02am
Quoting Ill-b-back
{quote} The actual "Monday" thing was just a hunch based on the Cable swings I was watching but only just highligted on charts now to illustrate what was in my mind. Cable loves to take out swing highs and lows to clear stops and complete "sweeps" as another trader well termed it. This pair representing the 2 most manipulative and prosecuted financial centres in the world, this is not surprising. Hitting the untested 88.6 fib and hybrid retest was my clue of what was to come. I don't think will hit 42ish area today as I thought we might though {image}...
Thanks for that..
Don't Leave Money on the Table
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