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Cable Update (GBPUSD)

  • #452,541
  • May 11, 2017 8:11pm May 11, 2017 8:11pm
The 1 hour chart isn't telling me much other than it has achieved its target.
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  • #452,542
  • May 11, 2017 11:07pm May 11, 2017 11:07pm
Quoting Nala66
{quote} Thanks HD for the explanation, it is refreshing to see an example of someones analysis and we can see you put in a lot of work here. I hope the Karma comes back to you...well done.
Hi Nala, thanks very much
FREEDOM IS SECURITY.
  • #452,543
  • May 12, 2017 12:06am May 12, 2017 12:06am
I might take a short scalp against 1.2960/65 today if the chance arises, otherwise, I looks elsewhere...
Look Sharp/Trade Tight
  • #452,544
  • May 12, 2017 12:09am May 12, 2017 12:09am
Quoting PayTheLimit
I might take a short scalp against 1.2960/65 today if the chance arises, otherwise, I looks elsewhere...
My plan too .But I'd like to see the reaction at 1.29 first .
It might need 2-3 hours to get there , considering the snaily pace this session .....
  • #452,545
  • May 12, 2017 1:19am May 12, 2017 1:19am
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  • #452,546
  • May 12, 2017 5:45am May 12, 2017 5:45am
Quoting Nala66
It still hasn't hit the 5 minute target of 2844 (4 pips short) so I guess this is still on the table. {image}
Well I guess we can take this off the table now and I have no more shorter term targets left...it is Friday.

The tiny error here is just due to drawing accuracy and the thickness of the lines
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  • #452,547
  • May 12, 2017 7:34am May 12, 2017 7:34am
Quoting hippiedog
{quote} the idea for this particular strategy using the cci and bollingers is to use the CCI to look for support after a strong move where price has penetrated outside of the bollinger bands and retraced. this retracement is where you would be looking for continuation from an area of support of the initial move. after the initial move outside of the bollingers which i have set to 100/2, apply the CCI which i have set to 20. in this instance the move was bearish, so i am looking for support for a trade entry and continuation to the downside. using...
Awsome description thanks. I wonder if any indicator is good at spotting big money. Everyone talks about big boys and what they do..
  • #452,548
  • May 12, 2017 7:34am May 12, 2017 7:34am
Out with 17 pips of profit. Will be watching for eventual new short entry.
"Don't lose your cool, and you will fare well".
  • #452,549
  • May 12, 2017 7:40am May 12, 2017 7:40am
long to 1.30
Don't Worry Be Happy
  • #452,550
  • May 12, 2017 7:41am May 12, 2017 7:41am
Quoting MrPresident
long to 1.30
Easy...the day isn't even over yet.
"Don't lose your cool, and you will fare well".
  • #452,551
  • May 12, 2017 7:43am May 12, 2017 7:43am
Quoting diana91
{quote} Easy...the day isn't even over yet.
major support is at 1.2830 and long is the way to go with stops below this level
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Don't Worry Be Happy
  • #452,552
  • May 12, 2017 9:58am May 12, 2017 9:58am
pa this weekend , more correction towards 1.2750 should intact next week. limit up 1.2901,26 even 50 ok in the run. take care , will see next week. fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #452,553
  • May 12, 2017 10:24am May 12, 2017 10:24am
Quoting fontu
pa this weekend , more correction towards 1.2750 should intact next week. limit up 1.2901,26 even 50 ok in the run. take care , will see next week. fontu {image}
Yep, I see that 1.29 holds firmly. I am considering a new short, looking for a nice entry. It looks to me that bulls have gave us a discount. Will see next week.
"Don't lose your cool, and you will fare well".
  • #452,554
  • May 12, 2017 11:22am May 12, 2017 11:22am
hi.
i have open position gbp/usd short at 128.92 should i hold it or close it.
kindly suggest
  • #452,555
  • May 12, 2017 11:52am May 12, 2017 11:52am
Quoting 7Eleven
hi. i have open position gbp/usd short at 128.92 should i hold it or close it. kindly suggest
Shh! Don't speak about it here! The Big Dogs are listening and watching carefully.
"Don't lose your cool, and you will fare well".
  • #452,556
  • May 12, 2017 11:53am May 12, 2017 11:53am
Quoting 7Eleven
hi. i have open position gbp/usd short at 128.92 should i hold it or close it. kindly suggest
I had a look at the Chart. Atm..

1.2865

Congrats, you are a rich man, even if you took the short with 0.01 Lot.

So, its Equal. Today, tomorrow, next week. Wish i shorted it at 128.xx
It was obvious that it will tank, but who could expect that amount ??

Maybe only Quicksilver but he got in much later than you

https://www.forexfactory.com/showthread.php?t=10378



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  • #452,557
  • May 12, 2017 5:11pm May 12, 2017 5:11pm
Fu**ing doji on a daily chart...

>_<
"Don't lose your cool, and you will fare well".
  • #452,558
  • May 12, 2017 6:34pm May 12, 2017 6:34pm
Quoting 7Eleven
hi. i have open position gbp/usd short at 128.92 should i hold it or close it. kindly suggest
So why didn't you close at the target price of 2844 or even close to it.
  • #452,559
  • May 12, 2017 9:05pm May 12, 2017 9:05pm
if showboat comey didn't get dragged off the flight "trump united", this babe would probably be at 1.27 by now
  • #452,560
  • May 12, 2017 10:28pm May 12, 2017 10:28pm
Gbp/Usd bearish consolidation movement capped under 1.29 level, the pair needs clear breakout of 1.3000 level to confirm further gains, on the downside support zone are around 1.2830/20.
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