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Cable Update (GBPUSD)

  • #450,241
  • Feb 23, 2017 10:31pm Feb 23, 2017 10:31pm
Hmmm.... The expected breakout to the upside is more than weak, so far...
  • #450,242
  • Feb 23, 2017 10:34pm Feb 23, 2017 10:34pm
Far too weak, maybe waiting for its other brothers
g/c e/g still in 15 min box, the rest are upward channel
The only true wisdom is in knowing you know nothing.
  • #450,243
  • Feb 23, 2017 10:40pm Feb 23, 2017 10:40pm
Quoting aarontan
Far too weak, maybe waiting for its other brothers g/c e/g still in 15 min box, the rest are upward channel
Well, at least we have a close above the previous day high on the 15-min and the 1.2550 level is still holding.

The cable is apparently waiting for the BBA Loans for House Purchase report (4:30 AM EST).
  • #450,244
  • Feb 23, 2017 10:44pm Feb 23, 2017 10:44pm
anyway, its a damn bullish weekly candle as we sit right now....its got not wick on the bottom...lets see how we finish up...bulls surely would like to close it above 1.26..
Look Sharp/Trade Tight
  • #450,245
  • Feb 23, 2017 10:44pm Feb 23, 2017 10:44pm
GBP/AUD also trying to breakout.
  • #450,246
  • Feb 23, 2017 10:50pm Feb 23, 2017 10:50pm
Quoting PayTheLimit
..bulls surely would like to close it above 1.26..
1.26 coming up, this shouldn't take long now.
  • #450,247
  • Feb 23, 2017 10:53pm Feb 23, 2017 10:53pm
Quoting Mr Breakout
{quote} 1.26 coming up, this shouldn't take long now.
good.
Look Sharp/Trade Tight
  • #450,248
  • Feb 23, 2017 10:53pm Feb 23, 2017 10:53pm
Quoting Noors
And once again a rejection from the B level Expecting another retest potentially break of B {image}
Ok well got that one down pat right... this is what caused this pair to go up...
now that were above A time to go to work and come up with levels
Attached Image (click to enlarge)
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  • #450,249
  • Feb 23, 2017 10:56pm Feb 23, 2017 10:56pm
Short 1.2568 sl 1.2585 target 1.2530 fiddling too long
The only true wisdom is in knowing you know nothing.
  • #450,250
  • Feb 23, 2017 11:00pm Feb 23, 2017 11:00pm
Quoting aarontan
Short 1.2568 sl 1.2585 target 1.2530 fiddling too long
Betting against the trend, eh? It takes guts to do that.

Uh-uh, shooting star on the 15-min, could be a fake to discourage the bulls...
  • #450,251
  • Feb 23, 2017 11:01pm Feb 23, 2017 11:01pm
Hm... could only find 3 key levels A, B and F...
Attached Image (click to enlarge)
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  • #450,252
  • Feb 23, 2017 11:06pm Feb 23, 2017 11:06pm
yeah nice bull trap time for MrFakeBreakOut.
  • #450,253
  • Feb 23, 2017 11:09pm Feb 23, 2017 11:09pm
Quoting asgcorp
yeah nice bull trap time for MrFakeBreakOut.
Sure, we could see a small pullback to 1.2530, but it does not mean that the party is over...
  • #450,254
  • Feb 23, 2017 11:11pm Feb 23, 2017 11:11pm
Quoting Mr Breakout
{quote} Sure, we could see a small pullback to 1.2530, but it does not mean that the party is over...
never said it was i got a pending buy order set below. It just won't be as simple as "breakout any minute now".
  • #450,255
  • Feb 23, 2017 11:12pm Feb 23, 2017 11:12pm
Quoting asgcorp
yeah nice bull trap time for MrFakeBreakOut.
Gold says otherwise..
trading GoldH4, EuroH1, and PoundH1 Futures and FX skype:fxtraderpro1
  • #450,256
  • Feb 23, 2017 11:18pm Feb 23, 2017 11:18pm
Quoting asgcorp
i got a pending buy order set below.
Where exactly?

Quoting asgcorp
It just won't be as simple as "breakout any minute now".
The breakout already happened, the price is simply testing the previous resistance area (now a support area).
  • #450,257
  • Feb 23, 2017 11:23pm Feb 23, 2017 11:23pm
Quoting Mr Breakout
{quote} Where exactly? {quote} The breakout already happened, the price is simply testing the previous resistance area (now a support area).
thanks for a heads up buddy
  • #450,258
  • Feb 23, 2017 11:28pm Feb 23, 2017 11:28pm
Quoting asgcorp
{quote} thanks for a heads up buddy
Wait until you get my bill

Jokes aside, are you buying ? (Don't worry, I won't tell the market makers).
  • #450,259
  • Feb 23, 2017 11:35pm Feb 23, 2017 11:35pm
Quoting Mr Breakout
{quote} Betting against the trend, eh? It takes guts to do that. Uh-uh, shooting star on the 15-min, could be a fake to discourage the bulls...
Haha For me there's no real trend with gbp, one moment it's up, another it's down. I guess the real trend will only kick in when gbpjpy breaks the symmetrical triangle...real trend is in Aud...truly defying all odds.
The only true wisdom is in knowing you know nothing.
  • #450,260
  • Feb 23, 2017 11:41pm Feb 23, 2017 11:41pm
no matter how I slice it, I see two levels, 2480 and 2611...period...the rest is ham and egger stuff...
Look Sharp/Trade Tight
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