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Cable Update (GBPUSD)

  • #457,261
  • Dec 21, 2017 2:48am Dec 21, 2017 2:48am
Weird that some in here complain on thread quality but literally have zero contribution to this thread. Maybe start by posting some charts?
  • #457,262
  • Dec 21, 2017 3:11am Dec 21, 2017 3:11am
Quoting asgcorp
that's what I got. Anyone got a better idea, please share. {image}
isnt GBP/USD kind of stuck between the 3350~3410 range?
  • #457,263
  • Dec 21, 2017 3:15am Dec 21, 2017 3:15am
Quoting NakedBumbleB
{quote} isnt GBP/USD kind of stuck between the 3350~3410 range?
3350 not a significant level. range is well defined. Let's see if the bottom will hold. So far it's just testing day open, it ain't that much bullish to be honest.
  • #457,264
  • Dec 21, 2017 3:41am Dec 21, 2017 3:41am
next few hours I have 3385 tagged for a possible short upon rejection, wait and see mode for now.
possible setup (upon rejection) short sell @ 3380 SL 90 TP 3340.
  • #457,265
  • Dec 21, 2017 3:49am Dec 21, 2017 3:49am
Scalp long out at 1.3382
  • #457,266
  • Dec 21, 2017 3:56am Dec 21, 2017 3:56am
1.3383 region to watch for weakness for those bearish
  • #457,267
  • Dec 21, 2017 4:06am Dec 21, 2017 4:06am
flat. no rejection. above open.
  • #457,268
  • Dec 21, 2017 4:19am Dec 21, 2017 4:19am
Now price moves up to resistance and will test it. If price breaks through resistance, it will reach the point of 1.34461. But I believe that price doesn't have enough strength again and it will go down to the point of 1.33072
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_STPH4.png Size: 34 KB
  • #457,269
  • Dec 21, 2017 4:39am Dec 21, 2017 4:39am
for what it is worth - or not. GU 30 min still has short term bullish bias. may only last 3 or 4 bars. range consolidating - so even this may be insignificant.
We Can
  • #457,270
  • Dec 21, 2017 4:42am Dec 21, 2017 4:42am
Short
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 135 KB
Let the market decide!
  • #457,271
  • Dec 21, 2017 4:47am Dec 21, 2017 4:47am
Quoting Tcharq
Short {image}
what's your target? Close to 3300?

oh, ok, I see it, 3190. It can take a while though!
  • #457,272
  • Dec 21, 2017 4:52am Dec 21, 2017 4:52am
Quoting asgcorp
{quote} what's your target? Close to 3300? oh, ok, I see it, 3190. It can take a while though!
If sharp drop to ~3200 area doesn't happen soon, I will change my outlook. (But I know it will so no worries )
Let the market decide!
  • #457,273
  • Dec 21, 2017 5:11am Dec 21, 2017 5:11am
Quoting Tcharq
{quote} If sharp drop to ~3200 area doesn't happen soon, I will change my outlook. (But I know it will so no worries )
careful with your stops, I figure those asshats might want to pump this 3420-40 before the final dump. It voids the H4 channel, but it's too easy anyway, doesn't work like that. just my 2 cents, have no trades going, will either buy range lows or sell high near that area (whichever gives first).
  • #457,274
  • Dec 21, 2017 5:13am Dec 21, 2017 5:13am
Quoting asgcorp
{quote} careful with your stops, I figure those asshats might want to pump this 3420-40 before the final dump. It voids the H4 channel, but it's too easy anyway, doesn't work like that. just my 2 cents, have to trades going, will either buy range lows or sell high
Time will tell. Anyways, short is the only way to go now.
Let the market decide!
  • #457,275
  • Dec 21, 2017 5:14am Dec 21, 2017 5:14am
Range presents good scalping opportunity. All long trades.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 40 KB
We Can
  • #457,276
  • Dec 21, 2017 5:15am Dec 21, 2017 5:15am
Quoting Tcharq
{quote} Time will tell. Anyways, short is the only way to go now.
I agree with you (on shorts). On stops - safe stops are above 3475. good luck!
  • #457,277
  • Dec 21, 2017 5:23am Dec 21, 2017 5:23am
Stabs to the short side may very well return to the current level. GU 1hr setting up for V- formation on slow U.
We Can
  • #457,278
  • Dec 21, 2017 5:26am Dec 21, 2017 5:26am
Quoting KingOSwing
Stabs to the short side may very well return to the current level. GU 1hr setting up for V- formation on slow U.
more than that H1 is a sequence of 3 higher highs.
  • #457,279
  • Dec 21, 2017 5:57am Dec 21, 2017 5:57am
120 pips RANGE 1.33 / 1.342
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 176 KB
  • #457,280
  • Dec 21, 2017 5:59am Dec 21, 2017 5:59am
us gdp print incoming soon. if they miss decent dxy dumps and gu pumps 80 or so points. just be careful.
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