moorekapital

GBPUSD: SHORT NOW OR WAIT. BUT USE THE CORRECT STOP

FX:GBPUSD   British Pound / U.S. Dollar
295 5 13
1. Pound might rally, based on current RE_up but tis still being controlled by prior RE_down day.
2. Price expiry marked. Time expiry, 6days
3.At price expiry, one could go short.

INVALIDATION POINT
Open of RE_down +spread+1 ;)
TARGET
Target the low of RE_down= 6-day MODE.


"it's an interesting buy
ecb tomorrow
might be catalyst"- IvanLabrie
Comment: Measured Move Target, Takes us to previous DOWNTREND MODE FAILURE
Comment: ..................Poor Management....????
I covered my short for 2.8% profit last night.
I have reloaded short , however. Seeking to move stop to BE quick , due to GBP News in some couple of minutes.
Comment: On Daily, a 3-day MODE @ 1.51140 looks offering a floor to price, but once we crack into this floor......count it all JOY ;)
Comment: Giving nothing back. Stop to BE ;)
Comment: Downtrend price target expired on 30mins, so Im just gonna tighten up stops behind key levels;)
https://moorekapital-gmail.tinytake.com/sf/MzkyNDY4XzIxOTA4NjQ
Comment: tis been a nice short.
Looks current upleg might have trouble pushing up.
Until the weigh of evidence proves otherwise, Im only anticipating here:
"I'll wait to short the next 4H bar, IFF it's unable to stretch up to here: 1.517761 "
Comment:
Good management but I'd just book profits there. Or trail the stop even tighter.
You can reshort anyway.
+1 Reply
moorekapital IvanLabrie
Thanks a lot, Coach. On higher time frames, it looks the move just begun. I'll try to hold till NY close tonight, and see the story.
+1 Reply
bilk29 moorekapital
going moor dow? 1.46xx or kaming beg tu up? can you open pleace..
+1 Reply
Look to the chart above. Nothing is guaranteed, but devoid of any sudden eruptions, I think this prophesy must be fulfilled in time. After today's bar is done with, we have 7 more bars to time expiry for the downtrend.
+1 Reply
WEEKLY
Loads of resistance up there. Weekly Mode @ 1.54984 and weekly short invalidation price @ 1.55700000
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