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Cable Update (GBPUSD)

  • #436,141
  • Aug 10, 2016 2:29am Aug 10, 2016 2:29am
wow asian session AGAIN moving cable way more than combined London + NYC .. wtf ?
  • #436,142
  • Aug 10, 2016 2:29am Aug 10, 2016 2:29am
Quoting ThePipsMkr
Putting in market orders (expire within the day and will revisit) instead of watching it fluctuate based on my week analysis: Short @ 1.3165 Long @ 1.2957 A probable short scalp and smaller lot @ 1.3087
Hey PipsMkr, hope you took that short @ 3087....nice read of Asian session highs...
Don't Leave Money on the Table
  • #436,143
  • Aug 10, 2016 2:33am Aug 10, 2016 2:33am
Quoting mades
wow asian session AGAIN moving cable way more than combined London + NYC .. wtf ?
Hey Mades, I posted this two posts before you, will explain why.


The rise in Cable and Euro late US session and Asian session is due to broad based Dollar sell off according to an article in fxstreet.com
Don't Leave Money on the Table
  • #436,144
  • Aug 10, 2016 2:35am Aug 10, 2016 2:35am
Quoting HaLBot
If Cable sustains a break above the 200ema on the 5 minute chart then I see it going to 3050 IMHO How come??? because then buyers will move in with the break above 3000 IMHO But it could fail at 3013 like early UK session....

very good ...
  • #436,145
  • Aug 10, 2016 2:39am Aug 10, 2016 2:39am
Quoting HaLBot
{quote} Hey PipsMkr, hope you took that short @ 3087....nice read of Asian session highs...
Hi Halbot! I took a quick +30pips long actually (TP @ 1.306) and missed the ride down.

But I'm hoping for it to break below 1.3. Will be more comfortable with that level.

Missed it by 2 pips yesterday. Hence will probably start placing my order + or - 5-10 pips. Everyday is a new trade and learning experience
  • #436,146
  • Aug 10, 2016 3:17am Aug 10, 2016 3:17am
Quoting ThePipsMkr
{quote} Hi Halbot! I took a quick +30pips long actually (TP @ 1.306) and missed the ride down. But I'm hoping for it to break below 1.3. Will be more comfortable with that level. Missed it by 2 pips yesterday. Hence will probably start placing my order + or - 5-10 pips. Everyday is a new trade and learning experience
Hard to predict what way Cable is heading at the moment, I have it going to 3100 but resistance at 3050 as we just saw, break above there and we head north IMHO....
Don't Leave Money on the Table
  • #436,147
  • Aug 10, 2016 4:03am Aug 10, 2016 4:03am
Quoting HaLBot
{quote} Hard to predict what way Cable is heading at the moment, I have it going to 3100 but resistance at 3050 as we just saw, break above there and we head north IMHO....
I'm seeing an H&S on 1H, if it is correct the GU will head north and will reach 3100 as you predict
  • #436,148
  • Aug 10, 2016 4:22am Aug 10, 2016 4:22am
Quoting Manel9530
{quote} I'm seeing an H&S on 1H, if it is correct the GU will head north and will reach 3100 as you predict

Yes I'm in from 3041 so looking good so far....
Don't Leave Money on the Table
  • #436,149
  • Aug 10, 2016 4:42am Aug 10, 2016 4:42am
Quoting digger1
{quote}Wow, expecting a 300 pip move up, not that it couldn't but id settle for taking out to days high then to the weekly pivot for today
yes mate
  • #436,150
  • Aug 10, 2016 4:53am Aug 10, 2016 4:53am
Quoting Kajos2250
{quote} GU D1 GMT+2 after failed bullish IB BO and bullish engulfing, i think it is time to prepare for more down. bearish marubozu is in the game. skip the sell stops cause of FOMC, use sell limit .4203, where some retrace of bearish marubozu and YPS1 are. invalidation price close above ~4321. targeting confluence of YPS2~3720 and golden ratio extension of 2 swing point of the year. good luck! {image}
GU D1 GMT+2

bearish marubozu in controll, validated by the bearish IBBO on the daily.
more bears sitting about ~3225, maybe will be touched.
time to agressive bet on the bears' side again.
sell stop .3012, invalidation close above ~3117, targetting first ~2782 and toward YPS3~2317....

good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.proDaily.png Size: 63 KB
Anything is math!
  • #436,151
  • Aug 10, 2016 4:53am Aug 10, 2016 4:53am
Closed longs at 146 pips at 10.20 am
done for the day ..
  • #436,152
  • Aug 10, 2016 5:20am Aug 10, 2016 5:20am
Quoting dean1star
Closed longs at 146 pips at 10.20 am done for the day ..
You seem to do well dean1star, well dome. Do you mind me asking what chart time scales do you mainly monitor and you only trade GBPUSD or also some other pairs?
Striving for consistency
  • #436,153
  • Aug 10, 2016 5:23am Aug 10, 2016 5:23am
Quoting dean1star
Closed longs at 146 pips at 10.20 am done for the day ..
joker
  • #436,154
  • Aug 10, 2016 5:28am Aug 10, 2016 5:28am
where mr.lock analyze he's holiday?
  • #436,155
  • Aug 10, 2016 5:37am Aug 10, 2016 5:37am
Quoting Mayly-May
where mr.lock analyze he's holiday?
Not sure Mayly-May haven't seen him last 3 days, I hope he's good...

Closed my long for 22.7 pips might re-enter if we get a bit of a pullback...would have liked to hold to 3100 but ran outa steam already...damn Eur/Gbp always spoiling the party...LOL


Ahhhhh looking like I shoulda stayed, can always get back in now....
Don't Leave Money on the Table
  • #436,156
  • Aug 10, 2016 5:47am Aug 10, 2016 5:47am
Actually talking of Locky it was his analysis of the 30 minute charts for day trading that helped me make the decision to buy at 3041 because two previous 30 minute candles in todays UK session failed at 3041 so with 3rd attempt I figured it was going to break through....
Don't Leave Money on the Table
  • #436,157
  • Aug 10, 2016 6:14am Aug 10, 2016 6:14am
Quoting HaLBot
{quote} Not sure Mayly-May haven't seen him last 3 days, I hope he's good... Closed my long for 22.7 pips might re-enter if we get a bit of a pullback...would have liked to hold to 3100 but ran outa steam already...damn Eur/Gbp always spoiling the party...LOL Ahhhhh looking like I shoulda stayed, can always get back in now....
I AM MISSING LOCK ON THIS CABLE- His analysis has been good so far; but where is He?
  • #436,158
  • Aug 10, 2016 6:31am Aug 10, 2016 6:31am
looking good..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm-h1-exness-ltd.png Size: 56 KB
  • #436,159
  • Aug 10, 2016 6:44am Aug 10, 2016 6:44am
Quoting HaLBot
{quote} Not sure Mayly-May haven't seen him last 3 days, I hope he's good... Closed my long for 22.7 pips might re-enter if we get a bit of a pullback...would have liked to hold to 3100 but ran outa steam already...damn Eur/Gbp always spoiling the party...LOL Ahhhhh looking like I shoulda stayed, can always get back in now....
Always trade your plan, if your plan fail tomorrow is another day but always trade your plan
  • #436,160
  • Aug 10, 2016 6:46am Aug 10, 2016 6:46am
Quoting Don96
Q support here on GU down until 1.2963... waiting for 1.286/7x and 2/3x to go long for 1.41
got down to 1.29545 on my broker, could have gone long at 63 but wasn't sure on stops so trade wasn't valid, usually only use 5-20pip stops... might go for 1.41 from here..
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