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Cable Update (GBPUSD)

  • #457,121
  • Edited 6:52am Dec 18, 2017 6:31am | Edited 6:52am
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If of interest - see link - no time for dialog - https://www.forexfactory.com/showthread.php?t=558372

Edit: Corrected above link (free - open source code)
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #457,122
  • Dec 18, 2017 7:25am Dec 18, 2017 7:25am
Hi,

Coming back and looking at the charts after my Friday stint. Not good. Took 29% drawdown.( that CAN get worse still). Not acceptable. But I'm test driving and stress testing.

I may have to offer an apology? Maybe. Maybe not. I trade my indicators and post my journal. I HAVE to test all possible patterns and outcomes. Irrespective. It assists me. But I will be the bigger man.

Apology for my posts. Should not do demo testing posting on live threads. Need to keep to myself. You will find me in my corner. Trade well all.

Bickering in general needs to stop here?

Trade Safe!
We Can
  • #457,123
  • Dec 18, 2017 8:01am Dec 18, 2017 8:01am
With this said - anyone for a short scalp on GU 4hr?
We Can
  • #457,124
  • Dec 18, 2017 8:11am Dec 18, 2017 8:11am
Quoting KingOSwing
Hi, Coming back and looking at the charts after my Friday stint. Not good. Took 29% drawdown.( that CAN get worse still). Not acceptable. But I'm test driving and stress testing. I may have to offer an apology? Maybe. Maybe not. I trade my indicators and post my journal. I HAVE to test all possible patterns and outcomes. Irrespective. It assists me. But I will be the bigger man. Apology for my posts. Should not do demo testing posting on live threads. Need to keep to myself. You will find me in my corner. Trade well all. Bickering in general needs...
Closed all buys.
We Can
  • #457,125
  • Dec 18, 2017 8:12am Dec 18, 2017 8:12am
Quoting KingOSwing
With this said - anyone for a short scalp on GU 4hr?
...not yet mate
still waiting good spot
still bull playing..
just for a cup of coffee...
  • #457,126
  • Dec 18, 2017 8:39am Dec 18, 2017 8:39am
Quoting miziler
Holding above 1.3343 is a good for next station 1.3365 / 1.3375. Open buy transaction last friday at 1.3308 and take a profit 1.3410. Let's see
Very accurate almost, I knew it will happen

It's a good time to open sell position guys, train station will stop at TP 1.3370 - 1.3355. Good luck everyone's.
  • #457,127
  • Dec 18, 2017 9:08am Dec 18, 2017 9:08am
Quoting akim0895
{quote} ...not yet mate still waiting good spot still bull playing..
Cannot help. It was done, kind sir
We Can
  • #457,128
  • Dec 18, 2017 9:40am Dec 18, 2017 9:40am
Quoting KingOSwing
{quote} Cannot help. It was done, kind sir
its ok mate..
bull still in play
dxy so weak today
still hold my long..
just for a cup of coffee...
  • #457,129
  • Dec 18, 2017 10:03am Dec 18, 2017 10:03am
Quoting miziler
{quote} Very accurate almost, I knew it will happen It's a good time to open sell position guys, train station will stop at TP 1.3370 - 1.3355. Good luck everyone's.
good luck to u too mate
now shorting in play
just close long..
lets see..
just for a cup of coffee...
  • #457,130
  • Dec 18, 2017 11:16am Dec 18, 2017 11:16am
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Time : London (Winter)
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #457,131
  • Dec 18, 2017 12:08pm Dec 18, 2017 12:08pm
Hi all.

After this mornings-afternoons rush im seeing price fading back. PA has just formed a pic perfect exhaust candle on the 4H and been rejected from the 89 and 100sma.
Im seeing 1.3367 in the upcoming (around 4 hours), with a possible penetration of the bottoming 1.33 area tomorrow (depending on US data).
Best of luck


1H chart
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4H
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  • #457,132
  • Dec 18, 2017 1:41pm Dec 18, 2017 1:41pm
gbpusd is in bull mode so only interested in buying dips. target is 3440. stops 3350. probably next 1-2 hours. will update.
  • #457,133
  • Dec 18, 2017 1:53pm Dec 18, 2017 1:53pm
Quoting asgcorp
gbpusd is in bull mode so only interested in buying dips. target is 3440. stops 3350. probably next 1-2 hours. will update.
If your just into buying dips, why dont you sell and make around 30pips 1hour ago?
  • #457,134
  • Dec 18, 2017 2:36pm Dec 18, 2017 2:36pm
Quoting asgcorp
gbpusd is in bull mode so only interested in buying dips. target is 3440. stops 3350. probably next 1-2 hours. will update.
pending buy order 3373 SL 3368 (5) TP 3440. risk 5 points only.
  • #457,135
  • Dec 18, 2017 4:37pm Dec 18, 2017 4:37pm
Quoting miziler
Holding above 1.3343 is a good for next station 1.3365 / 1.3375. Open buy transaction last friday at 1.3308 and take a profit 1.3410. Let's see
Quite accurate analysis, well done:-)
This rally seems short term, selling pressure on Dxy, some positive Brexite news and +tive gbp data took the pound this hight.
  • #457,136
  • Dec 18, 2017 5:37pm Dec 18, 2017 5:37pm
Following yesterday's VRM predictions for the support & resistance levels of GBPUSD here are the results as New York closes. I attach two 30 minute charts showing GBPUSD price action. Top chart shows yesterday's predicted weekly levels. Bottom chart shows yesterday's daily predicted levels. Both charts also show an EMA channel of (4,7). Time is GMT-4. The high for the day was at the weekly predicted level 1.3416. The low for the day started at the daily level 1.3319. The market was unable to pull the EMA channel through the VRM level 1.3401. Did anyone predict the daily high resistance level? Feedback appreciated!
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  • #457,137
  • Dec 18, 2017 5:39pm Dec 18, 2017 5:39pm
I attach the VRM predictions for GBPUSD for tonight and tomorrow finishing 5 pm in New York. A description of the algorithm and format of the attached chart can be found in documents attached to my previous posts.

For anybody interested in predictions for other FX pairs just follow the link at the end of these two documents.
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  • #457,138
  • Dec 18, 2017 6:48pm Dec 18, 2017 6:48pm
Quoting akim0895
{quote} good luck to u too mate now shorting in play just close long.. lets see..
Ok my TP already trigger at 1.3375. Let's ready for the next train station. Around 1.3365 - 1.3385 is good to open BUY transactions and setting the TP1 at 1.3455, TP2 1.3480.

Good lucks everyone's. I will update later for the next train stations
  • #457,139
  • Dec 18, 2017 7:05pm Dec 18, 2017 7:05pm
Quoting miziler
{quote} Ok my TP already trigger at 1.3375. Let's ready for the next train station. Around 1.3365 - 1.3385 is good to open BUY transactions and setting the TP1 at 1.3455, TP2 1.3480. Good lucks everyone's. I will update later for the next train stations
good luck mate..
just for a cup of coffee...
  • #457,140
  • Dec 18, 2017 7:29pm Dec 18, 2017 7:29pm
Quoting gka
Following yesterday's VRM predictions for the support & resistance levels of GBPUSD here are the results as New York closes. I attach two 30 minute charts showing GBPUSD price action. Top chart shows yesterday's predicted weekly levels. Bottom chart shows yesterday's daily predicted levels. Both charts also show an EMA channel of (4,7). Time is GMT-4. The high for the day was at the weekly predicted level 1.3416. The low for the day started at the daily level 1.3319. The market was unable to pull the EMA channel through the VRM level 1.3401. Did...
Got the level 3384/5 in my previous post which capped the daily close, using daily PA and fib. retracement. I downloaded your document but doesn't give any specifics about how to calculate the 24 levels or what MAs' are used to create the channel.
Come with me if you want to live....
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