GBPUSD Trade Room

[jaimllalas9]

DEDICATED FOR TRADING THE CABLE lt; GBP/USD gt;

[jaimllalas9]

Cable analyzing upper limits of a 4 hour Chart.
My Position: FLAT

Chart for inspection
https://www.nigeriaforextrading.com/attachments/1518234372.jpg

[beila.3]

The UK Claimant Count and Average Revenue both revealed a strong read today, offering a sign that infaltionary pressures are still in the UK economy, the labor market is tight, and the BoE may still should tackle Interest Rates this season.

Cable has lagged behind the two Swissy and Euro, getting stuck around the 2.0300 area at the same time as Euro evaluations all time highs at 1.3880 and Swissy evaluations the weekly chart Triple Bottom at 1.1800.

When there is a run on the US$ afterward GBP/USD has some ching up to do, 300 Pips values, to reach the level the other Europeans are at right now. The Economics have now been posted its time for the Technicals to measure up. 2.0370 to 2.0400 to 2.0470 will be where most Trader's focus will be today, when the US$ weakens. GBP/USD was a puppy and certainly did not contribute to the dollar sell off. It is because of this that I always trade the pair that is creating a fracture. Notice zoomed through resistance and GBP/USD has slipped down. Of course this is a result of EUR/GBP rally for the most part. This was the pair to prevent in case you wanted to grab a number of the dollar sell off.

[jaimllalas9]

Hi All...

While eur/usd busted out....gbp/usd was a different story.

YES! - I captured some of those eur/usd....THX into Roland (above article). I had been watching/focusing with this pair at the four hr channel top when Roland posted a possible eur break.

I exchanged the cable this way...2 good scalps off the four hour channel top I had posted here with this Thread ( see over) just a bit before the trades triggered.

15 minute chart with 4 hour channel top

S @ 2.0348
TP @ 2.0318
Discontinue @ 2.0378
30 pips

Bounced back. . .denied, triggered another short scalp chance

S @ 2.0347
TP @ 2.0317
Cease@ 2.0367
30 pips

2nd Trade Stop put a bit tighter due to the positive news
(keeping that in the back of my mind as I read the charts)
You'll notice that the Cable whipped around a bit following the 2nd entry.

Hope some found the 1st chart posted of some worth....why did the cable not proceed with eur??? Dun it did seem to try though, but neglected....just traded exactly what I saw.

Fxj

You can look at the chart and see a Lengthy trade setup Between the 2 shorts. . .News on Postive GBP reports/
I do not trade news.
I did however consider going Long on the channel break....though I enjoy getting into a position another bar after sign is triggered...I'm uncomfortable getting into a scalp at the middle...a justifiable reason I believe. Scalping is hard enough with a trigger that is good.
https://www.nigeriaforextrading.com/attachments/1518234374.jpg

[beneoxkaveli]

To the guests and all others that want this egory to aquit themselves, here it is[at least a part of it]Ba||s to the Wall gimmee the goods,...

GBP/USD @ 2.14?? In the coming months. 12 weeks or so
Post Date: Sept 12th 07.

Govern yourselves accordingly.

Explanations are very lengthy and dull.

[Jennifem]

Cable back to it's previous support at 2.0150. I'm long from 2.0160 ... got a Daily trendline coming to play from here too. Also seems to be the foundation of the second shoulder of a inverted head-n-shoulders.

[avem2002]

Is the trendline from Aug17 ? I'm shorting against the fracture, with a goal of the 100 day ordinary...

[Hwzmungo]

A couple of little positions according to 38 fib over the last weekly L/H and the weekly TL which appears to have been strong against many strikes.
https://www.nigeriaforextrading.com/attachments/1518234375.jpg

[avem2002]

is that the trendline from Aug17 ? I'm shorting against the break, using a target of the 100 day average.... That one is closed following the signature refusal in the 100 day average (2.0091) in 2.0001 . I think there's lots of space but I'm dmnd if I will hold this one on the news. The following target is 2.0041 ( 10), the sept 4 low.

[Jennifem]

is that the trendline from Aug17 ? I am shorting against the break, with a goal of the 100 day average.... No ... the one from Aug29. I am stopped out. Calling it.

Require Care
Habeeb

[avem2002]

Just interested as to if Northern Rock will be inclined to possess extensive US holdings, in which case one might anticipate significant motion from USD to GBP as they increase cash....Thoughts/opinions?

[hannahbaenaw]

Chart under: this is the reason why I was searching today for Sterling Pound weakness across the board against other GBP crosses.
https://www.nigeriaforextrading.com/attachments/1518234377.jpg

[jaimllalas9]

1 trade taken during London/US hours overlap.

While Target price was struck....had I had been using a trailing stop. . .high of the prior pub...( discreationary with a 15 time frame) I would have made more pips....did fatigue play apart in not being totally focused???????

Employing a version of Boxingislife's Sexy Stoch- a Fantastic read/method to find out IMO.
https://www.nigeriaforextrading.com/attachments/1518234394.jpg

[jaimllalas9]

LFB, Thx for this Fundie breakdown...I utilized 2.0140 as a S/R stage to brief if it did not hold, and my set ups appeared....and a Target if place shut 2.0000


My only regret...I took the 18th off. I did believe the market would whipsaw BAD.
You can observe, that long before the FED news, Cable was headed higher.

FYI. . .There were, for myself, several entrances and exits through the previous 2 days in this pair ( Lon/NY hours ). Targets hit, retrace, re-enter. . .etc. Not revealed, just wanted to post inspection the major set ups that I seen with my trading style.

Fxj
https://www.nigeriaforextrading.com/attachments/1518234396.jpg

[Fisiocamlll]

Value waiting for:
https://www.nigeriaforextrading.com/attachments/1518234398.jpg

[ilalgj]

Worth waiting for: Not any more unfortunately. The pin bars on daily were quite bearish, it will most likely fall to at least the 61.8 fib.

[Fisiocamlll]

Not any more unfortunately. The pin bars on daily were very bearish, it will probably drop to at least the 61.8 fib. That's exactly what I had been planning for; my T/P is 2.0050... Maybe I didn't make myself completely clear: I have been short since 2.0215, thanks to the gorgeous PB near the top of the chart...

[beneoxkaveli]

Perhaps I did not make myself entirely clear: I have been short since 2.0215, as a result of this beautiful PB near the peak of the chart.... Hey BB,
Can you have an area defined as possible TP? Turning Point <img data-emoji=?blush? width=?18? height=?18? class=?emoji? src=?https://cdn-resources.Nigeriaforextrading.net/images/emojis/64/1f60a.png?v=1.0.0.1? />

[ilalgj]

Maybe I didn't make myself completely clear: I've been short since 2.0215, thanks to the beautiful PB near the top of the chart.... LOL, my bad, I thought you're speaking about the near future (and everyone is interested in the future aren't they). Congrats on the trade, you will see in my journal how I took it too, though you beat me by 5 pips you mean person.

[hannahbaenaw]

I posted this on the cable thread, however I dont know if you men follow that thread so that I can reload the pics here.

Cable, Weekly and Daily charts. Looking for a breakout to the upside in order to look for longs. If breakout to the downside, I'll pass.

https://www.nigeriaforextrading.com/attachments/1518234400.jpg

[Fisiocamlll]

Hey BB,
Can you have an area defined as potential TP? Turning Point <img data-emoji=?blush? width=?18? height=?18? class=?emoji? src=?https://cdn-resources.Nigeriaforextrading.net/images/emojis/64/1f60a.png?v=1.0.0.1? /> Hello ....My trading fashion favors the brief term. As suggested by Plutonite, I am searching for a retracement to the 61.8 Fib degree; my profit goal is 2.0050. As of this writing, the low last night was 2.0084 and I shut all but one lot on this commerce at 2.0100; the previous lot will hopefully get to the .0050 degree....

Update: last lot stopped out in 2.0150

[Fisiocamlll]

I submitted this to the cable thread, but I dont know if you men follow this thread so that I will reload the pics here.

Cable, Weekly and Daily charts. On the lookout for a breakout to the upside in order to look for longs. If breakout to the downside, I'll pass. WTB....thanks for this. There are too many threads I am trying to concentrate my studying in the new Trading Room, being more discerning and removing the sound. I expect focus in here, I think everyone will benefit more. In addition, I think it's time for PA thread in here.

[jaimllalas9]

I don't often exchange news, if....yet saw this nice tight channel develope.

Working Another trade....stop loss is set at B/E as of submitting

Post for inspection....Fxj

FYI. . .Sell Cease has been cancelled

0458am - Manual Close of trade #2 @ 2.0215 6 pips
https://www.nigeriaforextrading.com/attachments/15183240181975781288.jpg