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Cable Update (GBPUSD)

  • #454,041
  • Aug 10, 2017 9:29pm Aug 10, 2017 9:29pm
Quoting dean1star
{quote} Hey Digger see your posting decided to come back for another tour of duty lol .. hope your good as per usual time for some scalping on this pair looking at a long for tomorrow .. to begin
Hey man , good to see your voice , hope all is well with ya man , try to pop in every now and then , little lull here if ya can call it that, wheats off , straws baled , 3rd cutting hay done ,,,,,, just dusting off the ole beet harvester and getting things ready for harvest , bit of a challenging year lots of rain,,, still breathing so all is well . lol
  • #454,042
  • Aug 10, 2017 11:14pm Aug 10, 2017 11:14pm
good job. Now waiting for 1.3000 break.. im not sure about 1.35 target but 1.13060-70 area for sure.. lets see how she reacts there so we can discuss 1.35
Quoting Tcharq
{quote} Same here. Aiming for 1.35 Eqshack, Circles? /wink
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Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #454,043
  • Aug 11, 2017 12:46am Aug 11, 2017 12:46am
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  • #454,044
  • Aug 11, 2017 12:59am Aug 11, 2017 12:59am
Quoting dean1star
{quote} Hey Digger see your posting decided to come back for another tour of duty lol .. hope your good as per usual time for some scalping on this pair looking at a long for tomorrow .. to begin
Longs you say ,,, tread light and keep stops tight ,,,,,,, similar to eur 2 days of above average volume ,,,,somethings brewing lol,,,,, my money here as in eur is not on up ,,,,, cheers my friend
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  • #454,045
  • Aug 11, 2017 1:04am Aug 11, 2017 1:04am
Besides that my ole buddy nala66 has been waiting for 3 days for his 2917 , Im hoping he gets it
  • #454,046
  • Aug 11, 2017 1:26am Aug 11, 2017 1:26am
Quoting digger1
{quote} Longs you say ,,, tread light and keep stops tight ,,,,,,, similar to eur 2 days of above average volume ,,,,somethings brewing lol,,,,, my money here as in eur is not on up ,,,,, cheers my friend {image}
Copy that one digger thanks kinda have a short coming up on the euro but nothing on pound dollar so watching carefully coffee and some screen time first.
  • #454,047
  • Aug 11, 2017 1:45am Aug 11, 2017 1:45am
two good levels, both near ATRish also...
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Look Sharp/Trade Tight
  • #454,048
  • Aug 11, 2017 1:57am Aug 11, 2017 1:57am
Quoting digger1
Besides that my ole buddy nala66 has been waiting for 3 days for his 2917 , Im hoping he gets it
Thanks digger but I was stopped out of that trade for +256 pips, had several more since but not on this pair.

It looks to me like the money is going on metals due to Trump shouting at the Koreans for letting off fireworks during fire ban season
  • #454,049
  • Aug 11, 2017 2:12am Aug 11, 2017 2:12am
I would like to see a breakout of either the support or the resistance on the daily because this is constricting the range tooooo tight.
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  • #454,050
  • Aug 11, 2017 2:16am Aug 11, 2017 2:16am
Nervous Stock Market this week, there is pressure on GBP as it is an unstable currency in these times and will be sold when markets tank. Carefully following EURGBP today to see if Euro takes the lead over GBP. Upside severely limited if markets continue to stay at these lower levels. Expect more downside instead.
  • #454,051
  • Aug 11, 2017 2:57am Aug 11, 2017 2:57am
There has been no buying all week and today's candle is looking to close below 2970 area , any more past that number would be a good so for shorts I would think
  • #454,052
  • Aug 11, 2017 4:47am Aug 11, 2017 4:47am
GBP/USD did not do much, hopefully more volatility is coming.
  • #454,053
  • Aug 11, 2017 6:26am Aug 11, 2017 6:26am
20 pip scalp .. long just closed.
  • #454,054
  • Aug 11, 2017 4:35pm Aug 11, 2017 4:35pm
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how strange
  • #454,055
  • Aug 11, 2017 4:38pm Aug 11, 2017 4:38pm
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is it my phone ???
  • #454,056
  • Aug 11, 2017 6:42pm Aug 11, 2017 6:42pm
Quoting elbert3
{image} is it my phone ???
Looks like it has repeated two days of data...weird!
  • #454,057
  • Aug 13, 2017 6:32am Aug 13, 2017 6:32am
Quoting Nala66
{quote} Looks like it has repeated two days of data...weird!
Morning is your 1 hour showing the same ??? So is it a double top or bottom ???? Regards E
  • #454,058
  • Aug 13, 2017 6:37am Aug 13, 2017 6:37am
Quoting Nala66
{quote} Looks like it has repeated two days of data...weird!
Look now ??? We know FF has been having problem but was it my iPhone thou soooo strange
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  • #454,059
  • Aug 13, 2017 7:12am Aug 13, 2017 7:12am
will the trend line make sense?
may be

才
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A chart helps those who can read it.
  • #454,060
  • Aug 13, 2017 4:48pm Aug 13, 2017 4:48pm
If you are tracking the GBPCAD this week, here's a technical perspective you may find helpful.

On the daily time frame, price action after the 38.2 Fib retracement in May 2017, has been in a descending channel (bound by navy coloured lines). Last week Tuesday, a bearish pin bar formed around the distal channel line and led to a period of sideways operation. A follow through of price action is likely to target the 1.62311 area as a first step toward hitting the proximal channel line. The technicals are in favour of a southward move.

I may be wrong. Trade safe and prosper.

KP

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