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Cable Update (GBPUSD)

  • #456,761
  • Dec 5, 2017 4:49am Dec 5, 2017 4:49am
Quoting mades
what is this pair doing lately is absolute horse fucking shit.
Absolutely bullocks mate hahhahha
  • #456,762
  • Dec 5, 2017 5:59am Dec 5, 2017 5:59am
Quoting Trade-G
{quote} Did it hit your stops?
Good day, no sir - scalping. Took a few more trades. 1 small loss. Rest profitable. Recorded on 1 min chart to indicate the trades.
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We Can
  • #456,763
  • Dec 5, 2017 6:29am Dec 5, 2017 6:29am
The signal for short scalps remain valid. So will continue short on pullbacks till the hourly Schaff tells me i'm possibly on the wrong side. If Schaff turns long at the close of this hour, I will look to buy dips - and take my loss on the short side. No emotion.
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We Can
  • #456,764
  • Dec 5, 2017 7:10am Dec 5, 2017 7:10am
Good day folks !
No trade for me today ! After the suggestion of @Not-KPMG I am a little cautious in taking position.
Well, togheter with @asgcorp you are my mentors ! Hope you are much younger than me !

Scalping, unfortunately , is not for me !
I am waiting patiently for good signals !

Trade safe
S.
  • #456,765
  • Dec 5, 2017 7:38am Dec 5, 2017 7:38am
Quoting Trade-G
H4 closing above 1.3485 will bode well with bulls....
Getting closer
  • #456,766
  • Dec 5, 2017 7:39am Dec 5, 2017 7:39am
Quoting Trade-G
{quote} Likely a strong fight from here, breakout will confirmed a lower timeframe reversal
  • #456,767
  • Dec 5, 2017 7:40am Dec 5, 2017 7:40am
Lets see if the hour closing will prove the bulls control
  • #456,768
  • Dec 5, 2017 9:33am Dec 5, 2017 9:33am
2 pending short above and below current price

Trade safe
S.
  • #456,769
  • Dec 5, 2017 12:57pm Dec 5, 2017 12:57pm
Attached Image (click to enlarge)
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Time : London (Winter)
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #456,770
  • Dec 5, 2017 2:02pm Dec 5, 2017 2:02pm
Quoting Nala66
{quote} What about making another HH first. Many things are possible
you are right. Looks like strong support here on H4 price chart.
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  • #456,771
  • Dec 5, 2017 2:18pm Dec 5, 2017 2:18pm
Quoting asgcorp
{quote} you are right. Looks like strong support here on H4 price chart. {image}
I see things a little differently.

I see a bearish set up to 1.3350.
  • #456,772
  • Dec 5, 2017 2:50pm Dec 5, 2017 2:50pm
Quoting asgcorp
{quote} you are right. Looks like strong support here on H4 price chart. {image}
Well if looking at the 4 hour chart, which I don't do I, have this structure
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  • #456,773
  • Dec 5, 2017 3:03pm Dec 5, 2017 3:03pm
As you can see from the 4hr chart the bears have now Found support (red) and could now take out the bear resistance (green)

To speed up this process I use the 5 min chart if there are enough pips in the move i.e. 20.

Like this....
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  • #456,774
  • Dec 5, 2017 3:09pm Dec 5, 2017 3:09pm
It is not rocket science Bears FIND support to take out the bear resistance and bulls FIND support to take out the bull resistance.

The opposite side of the support line is resistance.

Nothing whatsoever to do with tops and bottoms.

Either side will fail if their respective support fails.
  • #456,775
  • Dec 5, 2017 10:19pm Dec 5, 2017 10:19pm
Inserted Video
  • #456,776
  • Dec 5, 2017 11:04pm Dec 5, 2017 11:04pm
pound getting ready for a big upside breakout. be careful. Target 3600+.
  • #456,777
  • Dec 5, 2017 11:05pm Dec 5, 2017 11:05pm
Quoting Aleksbuk
https://www.youtube.com/watch?v=Fn28KL6CHfU
this won't happen.
  • #456,778
  • Dec 5, 2017 11:09pm Dec 5, 2017 11:09pm
H4 falling wedge.
Attached Image (click to enlarge)
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  • #456,779
  • Dec 6, 2017 12:05am Dec 6, 2017 12:05am
Quoting asgcorp
H4 falling wedge. {image}
And upside breakout is imminent.
  • #456,780
  • Dec 6, 2017 12:07am Dec 6, 2017 12:07am
Quoting corpo30
{quote} And upside breakout is imminent.
well we don't know that for a fact but odds are better than 50% that's for sure.
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