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Cable Update (GBPUSD)

  • #451,901
  • Apr 7, 2017 10:29am Apr 7, 2017 10:29am
Quoting Liquidsnake
pullback to 2423 happening as we speak?
If that 1 hour Carrys on lily it is its buying off support ?? No ?? 2470 would be great I have see cable do this before and would not be surprised where it goes 2540 would be unbelievable Regards E
  • #451,902
  • Apr 7, 2017 10:45am Apr 7, 2017 10:45am
Quoting elbert3
{quote} If that 1 hour Carrys on lily it is its buying off support ?? No ?? 2470 would be great I have see cable do this before and would not be surprised where it goes 2540 would be unbelievable Regards E
Well well
  • #451,903
  • Apr 7, 2017 10:52am Apr 7, 2017 10:52am
Quoting elbert3
{quote} Well well

im very pleased with the pullback of the pullback seeing as im short, but would you consider this a pullback, really? feel a bit too "simple" on behalf of the bears...
  • #451,904
  • Apr 7, 2017 11:01am Apr 7, 2017 11:01am
The GBP/USD pair did not make any unexpected moves this week. The pair continued to trade in the range 1.25 and 1.2370. CMP 1.2397.
  • #451,905
  • Apr 7, 2017 11:15am Apr 7, 2017 11:15am
Quoting Liquidsnake
{quote} im very pleased with the pullback of the pullback seeing as im short, but would you consider this a pullback, really? feel a bit too "simple" on behalf of the bears...
At this time I don't know just going to play it out Regards
  • #451,906
  • Apr 7, 2017 11:33am Apr 7, 2017 11:33am
Looking to confirm break out 2453 area see how that goes
  • #451,907
  • Apr 7, 2017 11:39am Apr 7, 2017 11:39am
Quoting elbert3
Looking to confirm break out 2453 area see how that goes

If the current 1h candle closes in red i would want to see a push further down, towrds 2360 with initial break of of the 200sma on the 4h chart. also keep in mind that the dollar index keeps making higher highs on the day despite the "lackluster" NFP report.
  • #451,908
  • Apr 7, 2017 11:55am Apr 7, 2017 11:55am
Quoting Liquidsnake
{quote} If the current 1h candle closes in red i would want to see a push further down, towrds 2360 with initial break of of the 200sma on the 4h chart. also keep in mind that the dollar index keeps making higher highs on the day despite the "lackluster" NFP report.
Ok I will bear ?? That in mind 2309 for me would be next major . Regards
  • #451,909
  • Apr 7, 2017 12:26pm Apr 7, 2017 12:26pm
Look left could could be the one here
  • #451,910
  • Apr 7, 2017 12:30pm Apr 7, 2017 12:30pm
Quoting elbert3
Look left could could be the one here
? im looking south xD
  • #451,911
  • Apr 7, 2017 12:45pm Apr 7, 2017 12:45pm
Quoting Liquidsnake
{quote} ? im looking south xD
Possibly so am I now but it will want to confirm it break out so for now just looking for bottom if if 4 hour ends up doji flat it could be different . Regards
  • #451,912
  • Apr 7, 2017 12:50pm Apr 7, 2017 12:50pm
Quoting elbert3
{quote} Possibly so am I now but it will want to confirm it break out so for now just looking for bottom if if 4 hour ends up doji flat it could be different . Regards

hehe you just want this to take off, dont ya anyhow, im out at 2390, if an exhaustion candle is formed i might take a long entry but would really prefer to stay out till monday. tp set to 2360, best of luck
  • #451,913
  • Apr 7, 2017 2:39pm Apr 7, 2017 2:39pm
Quoting Liquidsnake
{quote} where could we find a pullback? 2360 or slightly above, where the 200sma on the 4h chart is? plsu the average daily range is about to be meet, not sure how much that will influence thugh
sorry Little late , just noticed your post , main goal was the 2375 low ,,finally got there ,,,,,,, ill figure it out over the weekend lol
  • #451,914
  • Apr 7, 2017 4:28pm Apr 7, 2017 4:28pm
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Quoting digger1
{quote} sorry Little late , just noticed your post , main goal was the 2375 low ,,finally got there ,,,,,,, ill figure it out over the weekend lol
Been looking for the bottom to return to the breakout and possible shorts , is this the one .
  • #451,915
  • Apr 7, 2017 4:37pm Apr 7, 2017 4:37pm
Quoting elbert3
{image}{quote} Been looking for the bottom to return to the breakout and possible shorts , is this the one .
not sure what the order will be but levels Ill be looking at atm anyway will look closer at daily and weekly over weekend .
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  • #451,916
  • Apr 7, 2017 5:07pm Apr 7, 2017 5:07pm
Quoting digger1
{quote} not sure what the order will be but levels Ill be looking at atm anyway will look closer at daily and weekly over weekend . {image}
Depending on the open it could go to 2309 which is the trend line drone the bottom . That number broken should lead to 2160 2080 area for anothe major support . But that trend line if held should be the open to go long to 1.300 . But if if this 1 hour doji holds on the open it should go back to the break out if it goes higher then we replace the bottom to with that one !!! Hic lol
  • #451,917
  • Apr 7, 2017 5:15pm Apr 7, 2017 5:15pm
Quoting elbert3
{quote} Depending on the open it could go to 2309 which is the trend line drone the bottom . That number broken should lead to 2160 2080 area for anothe major support . But that trend line if held should be the open to go long to 1.300 . But if if this 1 hour doji holds on the open it should go back to the break out if it goes higher then we replace the bottom to with that one !!! Hic lol
Lol,,,,,that makes my head hurt at this point in the week .
  • #451,918
  • Apr 7, 2017 11:15pm Apr 7, 2017 11:15pm
Quoting Liquidsnake
{quote} hehe you just want this to take off, dont ya anyhow, im out at 2390, if an exhaustion candle is formed i might take a long entry but would really prefer to stay out till monday. tp set to 2360, best of luck
7 pips away.
  • #451,919
  • Apr 8, 2017 2:49am Apr 8, 2017 2:49am
Quoting NMZee
{quote} So a nice short from 2491. Is it going down now. A deep decline into 236x area. Time will tell.
I took 10 pips off this trade. Just missed 120.
  • #451,920
  • Apr 9, 2017 5:40am Apr 9, 2017 5:40am
I'd like to sell Cable for below mentioned reasons.

 

  1. Clear emerging trend on H4
  2. Major support broken
  3. Nice Pin-Bar as in the chart att.
  4. SL around the bars I've drawn in the chart.

Cheers!

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