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Cable Update (GBPUSD)

  • #446,781
  • Dec 21, 2016 6:27am Dec 21, 2016 6:27am
There is a possibility of another down trend begin or maybe not.... Pending Sell order Zones from 1.2402 till 1.2495 & Stop loss should be 1.2570

Attached Image (click to enlarge)
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It is the dust where you came from & it is the dust where you shall return
  • #446,782
  • Dec 21, 2016 7:50am Dec 21, 2016 7:50am
Placed a long at 1.23840. sl 72pips & tp 110pips, hope I'm not the only bull in town...will need all the help I can get
who dares wins
  • #446,783
  • Dec 21, 2016 8:18am Dec 21, 2016 8:18am
Quoting MasterJedi
Placed a long at 1.23840. sl 72pips & tp 110pips, hope I'm not the only bull in town...will need all the help I can get
Why did you decide to go for a buy trade? What signals or set-up did you react to?

KP
Do your homework, follow the footprints of smart money
  • #446,784
  • Dec 21, 2016 8:34am Dec 21, 2016 8:34am
only see
+
  • #446,785
  • Dec 21, 2016 8:42am Dec 21, 2016 8:42am
start
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+
  • #446,786
  • Dec 21, 2016 8:53am Dec 21, 2016 8:53am
Quoting Gigant
start {image}
Yup, yup, my target is yesterday's low. Lol lol
  • #446,787
  • Dec 21, 2016 10:43am Dec 21, 2016 10:43am
Quoting KeenPips
{quote} Why did you decide to go for a buy trade? What signals or set-up did you react to? KP
Hi keen. Well I saw some bullish momentum on the 4hr plus divergence on the Elliott Osc. Also signs of overbought conditions. Clearly my entry was a bad one, need to improve on this. I could see the s/r levels but the divergence got the better of me, I thought another wave was in progress. In any case my timing was terrible, again
who dares wins
  • #446,788
  • Dec 21, 2016 10:53am Dec 21, 2016 10:53am
Quoting MasterJedi
{quote} Hi keen. Well I saw some bullish momentum on the 4hr plus divergence on the Elliott Osc. Also signs of overbought conditions. Clearly my entry was a bad one, need to improve on this. I could see the s/r levels but the divergence got the better of me, I thought another wave was in progress. In any case my timing was terrible, again
Your candour is appreciated. Perhaps you can focus more on using a top-down approach to read and analyse the market, e.g. getting a broader view from the weekly, seeking a set-up on the 4H and then going for precised entry on the 1H or 15 Min. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #446,789
  • Dec 21, 2016 7:41pm Dec 21, 2016 7:41pm
Have a great seasonal break guys... Plenty more trades in the new year.

Here on my 30 min chart we see how flat the market is currently trading.
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  • #446,790
  • Dec 21, 2016 10:31pm Dec 21, 2016 10:31pm
Inserted Video
  • #446,791
  • Dec 21, 2016 11:45pm Dec 21, 2016 11:45pm
I will resell at 1.2376...
the cun point GU to retrace
TP at 1.2343 ..
  • #446,792
  • Dec 21, 2016 11:46pm Dec 21, 2016 11:46pm
Quoting iamawaited
300 PIPS GREEN LIGHT BUY! i see 1.26 soon. Bye!
... The uptrend speed should be awesome from the look of my chart.. i am waiting..
Trading Eternal...... Shiny & Chrome!!!!
  • #446,793
  • Dec 21, 2016 11:52pm Dec 21, 2016 11:52pm
Quoting iamawaited
{quote} ... The uptrend speed should be awesome from the look of my chart.. i am waiting..
my thinking
GU will be start to bullish after christmas holiday...or start on this night .. hihi
  • #446,794
  • Dec 22, 2016 1:06am Dec 22, 2016 1:06am
Quoting KeenPips
{quote} Your candour is appreciated. Perhaps you can focus more on using a top-down approach to read and analyse the market, e.g. getting a broader view from the weekly, seeking a set-up on the 4H and then going for precised entry on the 1H or 15 Min. Trade safe and prosper. KP
Thanks buddy. Will keep that in mind, I'm still finding my way so any advice is appreciated. Hope your doing well, good luck.
who dares wins
  • #446,795
  • Dec 22, 2016 5:01am Dec 22, 2016 5:01am
Quoting bithedz
need break red shape {image}
hubbub Zone!

Attached Image (click to enlarge)
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  • #446,796
  • Dec 22, 2016 7:19am Dec 22, 2016 7:19am
There is a very obvious double bottom at 1.2310. Do you think this is the beginning of a reversal?
  • #446,797
  • Dec 22, 2016 7:35am Dec 22, 2016 7:35am
Quoting james1254
There is a very obvious double bottom at 1.2310. Do you think this is the beginning of a reversal?
On which time frame?
Do your homework, follow the footprints of smart money
  • #446,798
  • Dec 22, 2016 8:14am Dec 22, 2016 8:14am
Quoting james1254
There is a very obvious double bottom at 1.2310. Do you think this is the beginning of a reversal?
All Indictors Lead to DOWN, See H4 Daily and Weekly as below
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  • #446,799
  • Dec 22, 2016 8:29am Dec 22, 2016 8:29am
Short. TP hit. 40 pips. It was a bearish day for cable. Is it going to continue? Just have to watch the chart.

Attached Image (click to enlarge)
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Patience and Discipline, these are the Holy Grail.
  • #446,800
  • Dec 22, 2016 8:40am Dec 22, 2016 8:40am
beginning to be oversold. I was short, just exited 80% of the orders. Moved SL=+5pips. Target 1.22694.
Learn something new everyday.
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