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Cable Update (GBPUSD)

  • #437,161
  • Aug 18, 2016 9:33am Aug 18, 2016 9:33am
Quoting Dr.Phoenix
{quote} Well, we seem to be going to close the below hidden gap. Best D.P. P.S. Buy limit @ 30740. However, the area of 30740-30840 is comfortable for buying.
I have an alternative scenario.

In 30 min there will be closed 4h candle.

if Close<Open, we will go higher
if Close=Open, we will go lower

Best
D.P.
Hunting High and Low
  • #437,162
  • Aug 18, 2016 9:35am Aug 18, 2016 9:35am
Quoting Wdfx
{quote} Stopped out on my last GBPUSD at 1.3135, the question is do I go back in or leave it for the day. I think it has a bit of mileage long yet. any thoughts
Went back in long on the 1H double bottom reversal long GBPUSD 1.3140 SL 1.3120 TP 13180 .... here's for the last few pips of the day....
Striving for consistency
  • #437,163
  • Aug 18, 2016 9:36am Aug 18, 2016 9:36am
Quoting Wdfx
{quote} Went back in long on the 1H double bottom reversal long GBPUSD 1.3140 SL 1.3120 TP 13180 .... here's for the last few pips of the day....
what timeframe do you trade?
  • #437,164
  • Aug 18, 2016 9:43am Aug 18, 2016 9:43am
Quoting Don96
white lines may be some support st... places to look for longs circled in red... white lines circled in green are bigger ones to look for... may be invalid, ill see how next hours close could be bullish flag {image}
Might be range bound between 70 and 22
Attached Image
  • #437,165
  • Aug 18, 2016 9:45am Aug 18, 2016 9:45am
Quoting Don96
{quote} what timeframe do you trade?
This ones on the hourly. I do tend to look at shorter time fames(15min) for confirmation, but when I try to trade them I tend to screw it up. I seem to do better if I put things on then walk away. Still looking for consistency. Lets see how this pans out. I've had a good day for a change
Striving for consistency
  • #437,166
  • Aug 18, 2016 9:46am Aug 18, 2016 9:46am
Quoting Wdfx
{quote} This ones on the hourly. I do tend to look at shorter time fames(15min) for confirmation, but when I try to trade them I tend to screw it up. I seem to do better if I put things on then walk away. Still looking for consistency. Lets see how this pans out. I've had a good day for a change
probs best to stop... seems like that last trade you've put on might be a bit of greed ?
  • #437,167
  • Aug 18, 2016 9:56am Aug 18, 2016 9:56am
Pound go down now
One Day U Will Miss me!
  • #437,168
  • Aug 18, 2016 10:00am Aug 18, 2016 10:00am
Quoting Don96
{quote} probs best to stop... seems like that last trade you've put on might be a bit of greed ?
Your probably right. Trailing my stop 15 pips hence no loss on this one now. Hehe ... is it going to break 3170...
Striving for consistency
  • #437,169
  • Aug 18, 2016 10:21am Aug 18, 2016 10:21am
still long...
  • #437,170
  • Aug 18, 2016 10:23am Aug 18, 2016 10:23am
Short 1.31664, sl 1.31730 - moved to b.e after +10
  • #437,171
  • Aug 18, 2016 10:32am Aug 18, 2016 10:32am
???
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-global-prime-pty.png Size: 28 KB
  • #437,172
  • Aug 18, 2016 10:33am Aug 18, 2016 10:33am
Bit of support around here
  • #437,173
  • Aug 18, 2016 10:34am Aug 18, 2016 10:34am
Out at 1350 trailing stop triggered +10 pips, better than nothing
Striving for consistency
  • #437,174
  • Aug 18, 2016 10:52am Aug 18, 2016 10:52am
Quoting Don96
Short 1.31664, sl 1.31730 - moved to b.e after +10
Hi Don96

Do you have a TP for this trade

cheers
  • #437,175
  • Aug 18, 2016 10:56am Aug 18, 2016 10:56am
Quoting Don96
{quote} chop and change and trying to tell people how to trade... i even posted my the levels before they got there and still I'm no good? he won't be around for long i suppose

Just wish him luck. We have better work to do with our chat
  • #437,176
  • Aug 18, 2016 11:03am Aug 18, 2016 11:03am
Quoting Fader123
{quote} Hi Don96 Do you have a TP for this trade cheers
Not at charts atm... I'll see how h4/h1 looks later and check where daily finishes... I don't expect much from usd... pound churning good data, somewhere around 1.308x would be a start
  • #437,177
  • Edited 3:44pm Aug 18, 2016 11:18am | Edited 3:44pm
Quoting Don96
{quote} Not at charts atm... I'll see how h4/h1 looks later and check where daily finishes... I don't expect much from usd... pound churning good data, somewhere around 1.308x would be a start


I set my longs
at 30740 and 30790.

Best
D.P.

P.S. But I have some difficulties to rule some hot positions right now.
Hunting High and Low
  • #437,178
  • Aug 18, 2016 11:25am Aug 18, 2016 11:25am
Quoting Dr.Phoenix
{quote} I set my longs up at 30740 and 30790. Best D.P. P.S. But I have some difficulties to rule some hot positions right now.
Dollar not doing good atm but still pushing fown pound, we have had good data to bring us up here this week...

Technically I still have 1.21 on the cards for cable
  • #437,179
  • Edited 11:57am Aug 18, 2016 11:47am | Edited 11:57am
Quoting Don96
{quote} Dollar not doing good atm but still pushing fown pound, we have had good data to bring us up here this week... Technically I still have 1.21 on the cards for cable
I am myself thinking of Cable going lower. Yes, your vision could be realized and bring us to the point mentioned.

But right now we have one unrealized task - there is the VPOC (it was formed 2 weeks ago) of 16.07.31 - it is a good point to short some lots here.

Best
D.P.

P.S.

Quoting Don96
{quote} Dollar not doing good atm but still pushing fown pound, we have had good data to bring us up here this week... Technically I still have 1.21 on the cards for cable
I begin thinking of what if we go higher without correction to the 308xx area; such a move was yesterday.

D.P.
Hunting High and Low
  • #437,180
  • Aug 18, 2016 12:37pm Aug 18, 2016 12:37pm
Just completed an analysis on all of my trades this month. Found that nearly all of my loosing trades have been when I have been trying to scalp (the 15min or less chart). Nearly all of my wins have been when I have been using the Daily, 4hr and 1hr chart. Although I have only started scalping over the last couple of weeks I am not going to scalp any longer on my live account. I recon its cost me 150 pips this month so far
Striving for consistency
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