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Cable Update (GBPUSD)

  • #440,081
  • Sep 14, 2016 1:57am Sep 14, 2016 1:57am
short 3220
I'm high on trading, cant you tell?
  • #440,082
  • Sep 14, 2016 1:58am Sep 14, 2016 1:58am
Quoting HaLBot
{quote} Hahahahhahaha.....is that interesting from a good point of view or bad...you got me worried now..
A good one,
I'm high on trading, cant you tell?
  • #440,083
  • Sep 14, 2016 2:01am Sep 14, 2016 2:01am
Quoting Sammih
{quote} A good one,
This rally could be capped by the 200ema on the 4hr around 3240 then we got 3250 and then 3260 so I have to vigilant with this buy because it might stall...

This is probably adding a bit of buying fuel...http://news.forexlive.com/!/yen-weak...asing-20160914
Don't Leave Money on the Table
  • #440,084
  • Sep 14, 2016 2:23am Sep 14, 2016 2:23am
Quoting HaLBot
{quote} This rally could be capped by the 200ema on the 4hr around 3240 then we got 3250 and then 3260 so I have to vigilant with this buy because it might stall... This is probably adding a bit of buying fuel...http://news.forexlive.com/!/yen-weak...asing-20160914
Here is a massive set up. Price is in a significant area, between the magenta and black trendline, both very significant, the black line being very strong. Price has just bounced off the black trendline, which should push price up to the target area at the top of the chart.

I am still short based on the break of the magenta trendline.

Here is my trigger to go long. If a 4hr candle closes above the green horizontal line at 3230, I'll close my sells and go long. I will go long full throttle if price closes above magenta trendline.

P.S: Price could decide to range in that triangle
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1set ups.png Size: 36 KB
I'm high on trading, cant you tell?
  • #440,085
  • Sep 14, 2016 2:27am Sep 14, 2016 2:27am
The catalyst will be at 9.30 when GBP average earnings news is out.

In a nutshell we need it to be > 2% for GBP strength.
  • #440,086
  • Sep 14, 2016 2:29am Sep 14, 2016 2:29am
Quoting Sammih
{quote} Here is a massive set up. Price is in a significant area, between the magenta and black trendline, both very significant, the black line being very strong. Price has just bounced off the black trendline, which should push price up to the target area at the top of the chart. I am still short based on the break of the magenta trendline. Here is my trigger to go long. If a 4hr candle closes above the green horizontal line at 3230, I'll close my sells and go long. I will go long full throttle if price closes above magenta trendline. P.S: Price...
Cheers..

And we have UK data out in 1 hour so we'll know direction for sure after that...
Don't Leave Money on the Table
  • #440,087
  • Sep 14, 2016 2:29am Sep 14, 2016 2:29am
GJ is up 150


Quoting Bones
this could be the low ,depend on this close,back over RN is a bull win {quote} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 h1 JPY (DFB).png Size: 33 KB
Click to Enlarge Name: JPY d1 (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #440,088
  • Sep 14, 2016 2:45am Sep 14, 2016 2:45am
Do you ever get yourself caught out looking at one currency pair chart and actually thinking about another ? Nearly got caught there, I was looking at the AUDUSD and thinking about GBPUSD ....
Striving for consistency
  • #440,089
  • Sep 14, 2016 2:49am Sep 14, 2016 2:49am
Quoting Sammih
{quote} Here is a massive set up. Price is in a significant area, between the magenta and black trendline, both very significant, the black line being very strong. Price has just bounced off the black trendline, which should push price up to the target area at the top of the chart. I am still short based on the break of the magenta trendline. Here is my trigger to go long. If a 4hr candle closes above the green horizontal line at 3230, I'll close my sells and go long. I will go long full throttle if price closes above magenta trendline. P.S: Price...
same entry mate. my target 3160. today GU news direction is up
  • #440,090
  • Sep 14, 2016 2:49am Sep 14, 2016 2:49am
before news i will buy
  • #440,091
  • Sep 14, 2016 2:51am Sep 14, 2016 2:51am
Quoting Sammih
{quote} Here is a massive set up. Price is in a significant area, between the magenta and black trendline, both very significant, the black line being very strong. Price has just bounced off the black trendline, which should push price up to the target area at the top of the chart. I am still short based on the break of the magenta trendline. Here is my trigger to go long. If a 4hr candle closes above the green horizontal line at 3230, I'll close my sells and go long. I will go long full throttle if price closes above magenta trendline. P.S: Price...
Good analysis Sammih, however I know that my 4H chart cycle is different from others on the forum. My 4H bar started at 8am GMT just 50 mins ago. I think this is due the way the broker has set up its server. so not all 4H candles look the same on our charts. P.S - have have no way of changing this without a third party add on and I don't want to interfere with this part of the setup.
Striving for consistency
  • #440,092
  • Sep 14, 2016 2:54am Sep 14, 2016 2:54am
Quoting Wdfx
{quote} Good analysis Sammih, however I know that my 4H chart cycle is different from others on the forum. My 4H bar started at 8am GMT just 50 mins ago. I think this is due the way the broker has set up its server. so not all 4H candles look the same on our charts. P.S - have have no way of changing this without a third party add on and I don't want to interfere with this part of the setup.
I run the dailyfx.com Gbp/Usd chart along with my brokers charts and they have the US 4 hour chart time....as I'm sure other FX websites do as well
Don't Leave Money on the Table
  • #440,093
  • Sep 14, 2016 2:55am Sep 14, 2016 2:55am
Quoting pointlessfor
before news i will buy
Pointless from where u will buy GBPUSD ???
  • #440,094
  • Sep 14, 2016 2:56am Sep 14, 2016 2:56am
Quoting Sammih
{quote} Here is a massive set up. Price is in a significant area, between the magenta and black trendline, both very significant, the black line being very strong. Price has just bounced off the black trendline, which should push price up to the target area at the top of the chart. I am still short based on the break of the magenta trendline. Here is my trigger to go long. If a 4hr candle closes above the green horizontal line at 3230, I'll close my sells and go long. I will go long full throttle if price closes above magenta trendline. P.S: Price...
Morning Sam nice chart will use that top tl when prices rise B
  • #440,095
  • Sep 14, 2016 3:00am Sep 14, 2016 3:00am
Quoting HaLBot
Upper TL holding at the moment, I guess we see some upside if breaks... {image}
Seems price broke above then back below your TL, from your earlier post . What do you make of this chaotic movement........
I'm high on trading, cant you tell?
  • #440,096
  • Sep 14, 2016 3:01am Sep 14, 2016 3:01am
Just another view of cable
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 34 KB

http://www.forextradingforprofit.com...evels-to-watch
20 Pips a day keeps centerlink away
  • #440,097
  • Sep 14, 2016 3:03am Sep 14, 2016 3:03am
Quoting Sammih
short 3220
blargh!! Missed my order at 1.3228 because I forgot to discount spread.

Nice short.
  • #440,098
  • Sep 14, 2016 3:04am Sep 14, 2016 3:04am
Quoting HaLBot
{quote} I run the dailyfx.com Gbp/Usd chart along with my brokers charts and they have the US 4 hour chart time....as I'm sure other FX websites do as well
Striving for consistency
  • #440,099
  • Sep 14, 2016 3:07am Sep 14, 2016 3:07am
Quoting PaulDaemon
Just another view of cable {image} http://www.forextradingforprofit.com...evels-to-watch
I have the same view, your blue trendline is the black trendline on my earlier post.Waiting for confirmation. But I like to be ready for any eventuality.
I'm high on trading, cant you tell?
  • #440,100
  • Sep 14, 2016 3:07am Sep 14, 2016 3:07am
Quoting Sammih
{quote} Seems price broke above then back below your TL, from your earlier post . What do you make of this chaotic movement........
Yes can be frustrating when that happens especially when it retraces most of Rally, I see on forexlive.com the orderboard for Cable have offers at 3225-3230 and they were triggered. I should have checked that before placing trade however I covered myself with sell order at 3221 which I've since closed and now waiting on news...As are the big players and that's my guess why pullback went so far...

Pound tracking Euro too...
Don't Leave Money on the Table
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