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Cable Update (GBPUSD)

  • #431,281
  • May 24, 2016 4:42pm May 24, 2016 4:42pm
Setting up for a major break-out below the daily 200 EMA. A nice 150-200 pip potential with a tight 66pips SL.
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  • #431,282
  • May 24, 2016 5:31pm May 24, 2016 5:31pm
Just got to have a little hybrid faith man...
Come with me if you want to live....
  • #431,283
  • May 24, 2016 8:02pm May 24, 2016 8:02pm
The GBPUSD pulls back to the 200 day EMA, around the 1.4629 level. That EMA may act as resistance, but a breakout could take the price to the 1.4700 level.
  • #431,284
  • May 24, 2016 10:59pm May 24, 2016 10:59pm
Quoting trademark
The GBPUSD pulls back to the 200 day EMA, around the 1.4629 level. That EMA may act as resistance, but a breakout could take the price to the 1.4700 level.
Yep I don't see that EMA being much of a resistance.
TE started 6/4/19
  • #431,285
  • May 24, 2016 11:58pm May 24, 2016 11:58pm
Quoting asd23
will this go down?
what happened to u?
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  • #431,286
  • Edited 1:45am May 25, 2016 1:01am | Edited 1:45am
Quoting trademark
The GBPUSD pulls back to the 200 day EMA, around the 1.4629 level. That EMA may act as resistance, but a breakout could take the price to the 1.4700 level.
I want it to pull back to the 4565 area before next leg up...

that's a nice previous days bullish candle, almost engulfing so unless theres some negative data today it should continue upward but as always due diligence required...
Don't Leave Money on the Table
  • #431,287
  • May 25, 2016 2:07am May 25, 2016 2:07am
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Click to Enlarge Name: GBPUSDM15.png Size: 65 KB
  • #431,288
  • May 25, 2016 2:39am May 25, 2016 2:39am
my feeling say, it won't make pullback or retrace, 1.4585 will be strong support to kick this thing flying again
  • #431,289
  • May 25, 2016 2:41am May 25, 2016 2:41am
Quoting KucinkGaronk
my feeling say, it won't make pullback or retrace, 1.4585 will be strong support to kick this thing flying again
Sounds good, we have a fair amount of Euro data out soon....see what happens.
Don't Leave Money on the Table
  • #431,290
  • May 25, 2016 2:54am May 25, 2016 2:54am
Quoting HaLBot
{quote} Sounds good, we have a fair amount of Euro data out soon....see what happens.
Small move to 4640 now....
  • #431,291
  • Edited 3:15am May 25, 2016 2:59am | Edited 3:15am
Quoting KucinkGaronk
{quote} Small move to 4640 now....
Closed out for 25 pips before news

I bought in at 4628, sl 4604 with tp at 4660 but closed early as just before news and thought it had hit its top, then jumped to 4662.....but any green pips way better than red.

Would have bought in earlier cept was doing stuff away from PC, lucky I caught 25 pips of 58.
Don't Leave Money on the Table
  • #431,292
  • May 25, 2016 3:19am May 25, 2016 3:19am
Quoting HaLBot
{quote} Closed out for 25 pips before news I bought in at 4628, sl 4604 with tp at 4660 but closed early as just before news and thought it had hit its top, then jumped to 4662.....but any green pips way better than red. Would have bought in earlier cept was doing stuff away from PC, lucky I caught 25 pips of 58.
no trade for me my rules did not allow me jump in but waiting for the next move
  • #431,293
  • May 25, 2016 3:23am May 25, 2016 3:23am
I closed my long as well and I am waiting to see whether it will break above 1.4660 or it will form a double top.
  • #431,294
  • May 25, 2016 3:25am May 25, 2016 3:25am
Quoting adetola99
{quote} no trade for me my rules did not allow me jump in but waiting for the next move
That's great, stick to your trading plan

I saw it had pulled back to 4604 then started to rise but had to do some home stuff, then I took the trade because I expected a small rally before euro news.
Don't Leave Money on the Table
  • #431,295
  • May 25, 2016 3:38am May 25, 2016 3:38am
Daily Pivot at 1.4581
Don't Leave Money on the Table
  • #431,296
  • May 25, 2016 3:43am May 25, 2016 3:43am
EU Referendum Poll of Polls: IN 47 OUT 41 DK 10
  • #431,297
  • May 25, 2016 4:07am May 25, 2016 4:07am
Looking like a retrace atm.....
Don't Leave Money on the Table
  • #431,298
  • May 25, 2016 4:08am May 25, 2016 4:08am
Quoting mlawson71
I closed my long as well and I am waiting to see whether it will break above 1.4660 or it will form a double top.
hmmmmmmm looking that way, but theres many more hours left yet..
Don't Leave Money on the Table
  • #431,299
  • May 25, 2016 4:14am May 25, 2016 4:14am
Quoting HaLBot
{quote} hmmmmmmm looking that way, but theres many more hours left yet..
i think we are moving to the sell zone
  • #431,300
  • May 25, 2016 4:15am May 25, 2016 4:15am
Quoting adetola99
{quote} i think we are moving to the sell zone
some hour left to tell
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