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Cable Update (GBPUSD)

  • #457,301
  • Dec 22, 2017 5:46am Dec 22, 2017 5:46am
Quoting Tcharq
Short {image}
looks like you are going to get paid soon (next few days).
  • #457,302
  • Dec 22, 2017 7:02am Dec 22, 2017 7:02am
h1 bears stepping up the pressure but getting absorbed so far. will scale into shorts near 3400 now.
  • #457,303
  • Dec 22, 2017 7:10am Dec 22, 2017 7:10am
4hr has bearish potential. Good for a few short pips.
We Can
  • #457,304
  • Dec 22, 2017 7:14am Dec 22, 2017 7:14am
what I see on my H1/H4 says no real move until after bank holidays are done next week. Stay here in the middle of nowhere. Maybe good for scalping 10-20 points.
Last year same period range was 40 points for 2 days. Good time to chill out imo.
  • #457,305
  • Dec 22, 2017 7:46am Dec 22, 2017 7:46am
Quoting asgcorp
h1 bears stepping up the pressure but getting absorbed so far. will scale into shorts near 3400 now.
can’t get 3400
shorting 3390 risk 20pips
just for a cup of coffee...
  • #457,306
  • Dec 22, 2017 7:49am Dec 22, 2017 7:49am
Quoting akim0895
{quote} can’t get 3400 shorting 3390 risk 20pips
yeah that could work for 20 or so points. It's locked for now and will likely remain so for a few sessions. I'm more interested in building up a bigger position for a flush later next week. But that could wait till after the weekend. Pretty confident that we will have BS market for 1-2 days.
  • #457,307
  • Dec 22, 2017 7:51am Dec 22, 2017 7:51am
4hr shows BEAR bias.
We Can
  • #457,308
  • Dec 22, 2017 7:59am Dec 22, 2017 7:59am
3 longs closed at 133 930 - from yesterday.

500
520
740

100 pips plus some change and done.
  • #457,309
  • Dec 22, 2017 8:03am Dec 22, 2017 8:03am
Quoting akim0895
{quote} can’t get 3400 shorting 3390 risk 20pips
stop +9
just for a cup of coffee...
  • #457,310
  • Dec 22, 2017 8:23am Dec 22, 2017 8:23am
Quoting asgcorp
{quote} yeah that could work for 20 or so points. It's locked for now and will likely remain so for a few sessions. I'm more interested in building up a bigger position for a flush later next week. But that could wait till after the weekend. Pretty confident that we will have BS market for 1-2 days.
yes..market stuck same range
just for a cup of coffee...
  • #457,311
  • Dec 22, 2017 8:51am Dec 22, 2017 8:51am
I hoping we get to 1.3220 in one 4h candle holding a short now, flop at 1.3230
  • #457,312
  • Dec 22, 2017 2:49pm Dec 22, 2017 2:49pm
happy holidays everyone... have a blast.
  • #457,313
  • Dec 22, 2017 5:15pm Dec 22, 2017 5:15pm
Last night I attached the support and resistance levels of GBPUSD of the Volatility Response Model (VRM) for today. Here are the results. Weekly levels in the top 30 minute chart, daily levels in the bottom 30 minute chart. Times are GMT-4 . EMA channel (4,7) included.

Weekly level 1.3397 was the day's high before falling to daily level 1.3358. There were some large gaps between levels.

Taking a break over Christmas. Happy Christmas to everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-22-GBPUSD.png Size: 132 KB
  • #457,314
  • Dec 23, 2017 12:40am Dec 23, 2017 12:40am
Quoting asgcorp
Weird that some in here complain on thread quality but literally have zero contribution to this thread. Maybe start by posting some charts?
Man, I know a snide remark meant for me when I see one. Sorry, I was busy making some money on cable longs.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 20 KB
  • #457,315
  • Dec 23, 2017 12:43am Dec 23, 2017 12:43am
Nonetheless asgcorp, I hope we put this behind us. I know sometimes I can be a little direct and abrasive. It's Christmas, let's start nice and fresh! I have deep respect for you as a trader too!

That said, I don't usually post charts because the same chart can be interpreted differently by different people! I prefer to post what I see in words (usually I surf here on mobile because I'm bored anyway).

Have a Merry Christmas everyone!
  • #457,316
  • Dec 23, 2017 1:04am Dec 23, 2017 1:04am
Quoting MoneyFocus
{quote} Man, I know a snide remark meant for me when I see one. Sorry, I was busy making some money on cable longs. {image}
mee too...
but he good trader mate
i make a lots of profits from his prediction
sometimes we must make our own research too
take another person prediction as opinion or compare with our own skill or research...
in forex nothing sure..
anythings can happens
just for a cup of coffee...
  • #457,317
  • Dec 23, 2017 1:13am Dec 23, 2017 1:13am
For those celebrating Chrismas - have a wonderful time spent with loved ones. All success to traders for the next calendar year. Hope to see you around FF.

Take care!
We Can
  • #457,318
  • Dec 23, 2017 1:18am Dec 23, 2017 1:18am
Quoting KingOSwing
For those celebrating Chrismas - have a wonderful time spent with loved ones. All success to traders for the next calendar year. Hope to see you around FF. Take care!
U too mate
just for a cup of coffee...
  • #457,319
  • Dec 23, 2017 8:05am Dec 23, 2017 8:05am
Expecting to see what the week brings, probably a move to the upside imo.
  • #457,320
  • Dec 23, 2017 4:47pm Dec 23, 2017 4:47pm
Attached File(s)
File Type: pdf GBP USD - Daily Technical Analysis Report - Dec 22 2017.pdf   349 KB | 293 downloads
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