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Cable Update (GBPUSD)

  • #456,861
  • Edited Dec 9, 2017 12:58am Dec 8, 2017 6:57pm | Edited Dec 9, 2017 12:58am
Quoting relaxtrade
{quote} Hello, can you provide graph settings (indicator and tpl)? Thank

  1. The charts doc/study/record possible price targets against fibonacci levels.
  2. Besiides fibonacci retracements and fibonacci channels other indicators are arbitrary for purposes of illustration.
  3. The charts do not represent any optimized trading strategy. However, it would not be hard to formulate a simple strategy suited to personal requirements based on illustrations.
  4. Fibonacci retracements and fibonacci channels are default MT4 indicators - see image -> right-click -> customize ....
    Attached Image
  5. The other chart is commercial and not MT4.
  6. For all similar MT4 indicators - vertical timelines, horizontal lines, colored candles - see here: https://www.mql5.com/en/users/file45/publications
  7. For Rail to Rail Renko see here - https://www.forexfactory.com/showthread.php?t=535170
  8. Period Converter Indicator: Install in indicator folder → attach to M1 chart → access designated period on offline chart [File → Open Offline].

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  • #456,862
  • Dec 9, 2017 1:36am Dec 9, 2017 1:36am
cable seems like one to avoid for a few days next week, at least for me....the crosses seem better
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURGBPH4.png Size: 42 KB
Click to Enlarge Name: GBPJPYH4.png Size: 45 KB
Look Sharp/Trade Tight
  • #456,863
  • Dec 9, 2017 2:56am Dec 9, 2017 2:56am
Well, it as been a beautifull week for me !

As suggested form @PayTheLimit I will take a break on monday.

It is always a pleasure trading with you all !

Have a nice weekend
S.
  • #456,864
  • Dec 9, 2017 4:34am Dec 9, 2017 4:34am
GBP USD still in bull mode. On H4 this is a re-test of the bull flag. This will be used as a base for a new push higher. Initial target is recent highs near 3540.
Downside is very limited here. Trade accordingly.
Attached Image (click to enlarge)
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  • #456,865
  • Dec 9, 2017 4:36am Dec 9, 2017 4:36am
zoom out to daily. Did anything change on daily? The answer is no, it's still in bull mode.
Attached Image (click to enlarge)
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  • #456,866
  • Dec 9, 2017 4:58am Dec 9, 2017 4:58am
One thing is for certain - don't even try to short it next week. Good luck fellas.

PS: I will publish a trade setup on GBP CHF in my thread on Sunday.
  • #456,867
  • Dec 9, 2017 5:22am Dec 9, 2017 5:22am
Asgcorp ! Maybe I will trade on monday after your hints !
I dont trade gbp/chf but ... I follow you in your thread !

Ciao Asgcorp
S.

P.S. I closed my last long @22:53 on friday ! In profit naturally ! Just before the 26+ drop.
  • #456,868
  • Dec 9, 2017 5:36am Dec 9, 2017 5:36am
Quoting asgcorp
One thing is for certain - don't even try to short it next week. Good luck fellas. PS: I will publish a trade setup on GBP CHF in my thread on Sunday.
NOTE
just for a cup of coffee...
  • #456,869
  • Dec 9, 2017 5:44am Dec 9, 2017 5:44am
Quoting asgcorp
zoom out to daily. Did anything change on daily? The answer is no, it's still in bull mode. {image}
hai asgcorp..
i new member around
hope can learn from u n other great trader here more
i have follow ur thread since i got in fx factory..
just for a cup of coffee...
  • #456,870
  • Dec 9, 2017 7:58am Dec 9, 2017 7:58am
on EURGBP I don't have any trade setups. However, looking @ monthly, what I see is that PA was rejected @ 9240.
Mean reversion means that EURGBP will print 8060 @ some stage. Downside got better probability than upside.

So this should translate into higher GBPUSD.
Attached Image (click to enlarge)
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  • #456,871
  • Dec 9, 2017 10:37am Dec 9, 2017 10:37am
POUND 2018...

4H chart.. 1.242x or 1.42xx ?

Attached Image (click to enlarge)
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  • #456,872
  • Dec 9, 2017 10:44am Dec 9, 2017 10:44am
D::Chart
Attached Image (click to enlarge)
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  • #456,873
  • Dec 9, 2017 8:16pm Dec 9, 2017 8:16pm
Whether you believe an inside bar signals continuation or a reversal, there is a nice inside bar on the weekly which is also in a big wedge -- the top going back to 2015. There should be a big move coming with this pair soon.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-weekly.png Size: 60 KB
  • #456,874
  • Dec 10, 2017 5:20am Dec 10, 2017 5:20am
Quoting asgcorp
One thing is for certain - don't even try to short it next week. Good luck fellas. PS: I will publish a trade setup on GBP CHF in my thread on Sunday.
I wouldn't be ruling the bears out just yet. On the 4 hour I see bullish failure whereas the bears are still testing
Attached Image (click to enlarge)
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  • #456,875
  • Dec 10, 2017 9:59am Dec 10, 2017 9:59am
Quoting de5151
Whether you believe an inside bar signals continuation or a reversal, there is a nice inside bar on the weekly which is also in a big wedge -- the top going back to 2015. There should be a big move coming with this pair soon. {image}
Bad chart.

Draw proper you'll see the top trendline around 1.35 pierced, faked and dropped. So I'd say go down to bottom line...1.325 something???
Then will see....
Beware of robber banks (RB), bad advisors.
  • #456,876
  • Dec 10, 2017 10:28am Dec 10, 2017 10:28am
Good observation mate. Even then when does an inside bar become a signal of its own without looking at the order flow context and waiting for a follow-up candlestick?

Trade safe and prosper.

KP

Quoting Not-KPMG
{quote} Bad chart. Draw proper you'll see the top trendline around 1.35 pierced, faked and dropped. So I'd say go down to bottom line...1.325 something??? Then will see....
Do your homework, follow the footprints of smart money
  • #456,877
  • Edited 11:14am Dec 10, 2017 11:03am | Edited 11:14am
Chances of no-deal Brexit have 'dropped dramatically' - David Davis
Brexit secretary says he and Theresa May seeking ‘Canada plus plus plus’ arrangement after breakthrough in talks. The Guardian
Anushka Asthana Political editor
Sunday 10 December 2017 13.46 GMTLast modified on Sunday 10 December 2017 14.50 GMT
""If the news is true...then the pair seems open with a gap up""""!!!!!
  • #456,878
  • Dec 10, 2017 11:17am Dec 10, 2017 11:17am
Quoting Dr.Zain
Chances of no-deal Brexit have 'dropped dramatically' - David Davis Brexit secretary says he and Theresa May seeking ‘Canada plus plus plus’ arrangement after breakthrough in talks. The Guardian... 10 December 2017 13.46 GMTLast modified on Sunday 10 December 2017 14.50 GMT If the news is true...then the pair seems open with a gap up!!!!!
You believe the Guardian????
And a politician???? or more than 1 ???

Whatever happened ??

I do exactly what these pathetic "news" suggest
Waiting 1.3270....
Which is not advice.
Beware of robber banks (RB), bad advisors.
  • #456,879
  • Dec 10, 2017 12:29pm Dec 10, 2017 12:29pm
Quoting Not-KPMG
{quote} You believe the Guardian???? And a politician???? or more than 1 ??? Whatever happened ?? I do exactly what these pathetic "news" suggest Waiting 1.3270.... Which is not advice.
There is "Mark of exclamation"!!!!! at the end of my Post.
  • #456,880
  • Dec 10, 2017 1:51pm Dec 10, 2017 1:51pm
Quoting de5151
Whether you believe an inside bar signals continuation or a reversal, there is a nice inside bar on the weekly which is also in a big wedge -- the top going back to 2015. There should be a big move coming with this pair soon. {image}
Just extend it a little to the left
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 64 KB
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