Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#457,341
Dec 28, 2017 1:59am Dec 28, 2017 1:59am

isoleam
| Joined Oct 2012 | Status: Trader | 33 Posts

H4 Violation of 1.3420 from the Asian session should see Cable head in the direction of our 2nd Target of 1.3480. Slow and Steady now boy! For fundamentals - focus should shift to the unemployment claims and Oil inventories NEWS, I hope the price should stay above 1.3420 up till the news.

TRAIL STOP ACTIVATED.

#457,342
Edited 4:43pm Dec 28, 2017 4:31pm | Edited 4:43pm

DeltaSeed
| Joined Dec 2014 | Status: Trader | 7 Posts

What did I miss? 20+ point spread and erratic all of a sudden but no news or headlines to be found.. Someone's talking.. Australia open? ha.. The price action :\ multiple pairs..

#457,343
Dec 28, 2017 4:43pm Dec 28, 2017 4:43pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting DeltaSeed

Disliked

What did I miss? 20+ point spread and erratic all of a sudden but no news or headlines to be found.. Someone's talking.. Australia open? ha.. The price action :\

Ignored

Low liquidity, holiday season, last trading day of the month and year. Conditions are ripe for erratic wide spreads and price action. I'm leaving things until next week.

Come with me if you want to live....

#457,344
Dec 28, 2017 4:43pm Dec 28, 2017 4:43pm

Nico1359
Joined Jul 2014 | Status: Trader | 218 Posts

Quoting DeltaSeed

Disliked

What did I miss? 20+ point spread and erratic all of a sudden but no news or headlines to be found.. Someone's talking.. Australia open? ha.. The price action :\

Ignored

I had a straddle trade on - buy stop @ 1.3458 and sell stop @ 1.3430 and to my dismay, both got triggered within roughly two minutes of each other.

****ing ridiculous. And I thought it was just my broker pulling shenanigans.

#457,345
Dec 28, 2017 5:50pm Dec 28, 2017 5:50pm

isoleam
| Joined Oct 2012 | Status: Trader | 33 Posts

Quoting isoleam

Disliked

I agree. Price hitting 1.3420 zone should actually mark an initial pullout. We should pull out some lots now and trail stop. A successful violation of that zone would see cable pushing for further high into next week or could just experience a sideway movement. Bravo!

Ignored

Last day of the year's trade! Very low volatility. Who can tell? The sideway dance it looks. i belief since the daily candle closes BULL and well above the 1.3420, Cable should still head North towards 1.3480 otherwise; the sideways dance till the opening of the new year. Lets Dance!

#457,346
Dec 28, 2017 7:25pm Dec 28, 2017 7:25pm

DeltaSeed
| Joined Dec 2014 | Status: Trader | 7 Posts

Quoting Ill-b-back

Disliked

{quote} Low liquidity, holiday season, last trading day of the month and year. Conditions are ripe for erratic wide spreads and price action. I'm leaving things until next week.

Ignored

Maybes... but only us retailers pay the spread.. they're getting the drink fund up..

Quoting Nico1359

Disliked

{quote} I had a straddle trade on - buy stop @ 1.3458 and sell stop @ 1.3430 and to my dismay, both got triggered within roughly two minutes of each other. ****ing ridiculous. And I thought it was just my broker pulling shenanigans.

Ignored

Live and learn .. Guess that's why bid and ask are needed for proper backtesting.. Can't even get creative with mid price to cover when situations like this happened if you didn't see it.. I'd never think to +/- .0010 of midprice for G/U or many of the other affected pairs..

#457,347
Dec 28, 2017 8:18pm Dec 28, 2017 8:18pm

gka
| Joined Nov 2017 | Status: Trader | 32 Posts

Last night I attached the predicted 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.

Daily level 1.3395 was the day's low before rising to daily levels 1.3453/1.3455. After that there was a bounce off level 1.3432. There were some large gaps between levels.

Predictions for tonight and tomorrow to follow.

Attached Image (click to enlarge)

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#457,348
Dec 28, 2017 8:19pm Dec 28, 2017 8:19pm

gka
| Joined Nov 2017 | Status: Trader | 32 Posts

I attach the VRM predictions for GBPUSD for tonight and tomorrow finishing 5 pm 29th December in New York.

A description of the algorithm and format of the attached chart can be found in previous posts of this of this thread.

For anybody interested in predictions for other FX pairs just follow the link at the end of these two documents.

Attached Image (click to enlarge)

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#457,349
Edited Dec 29, 2017 12:10am Dec 28, 2017 10:49pm | Edited Dec 29, 2017 12:10am

4xjunkie
Joined Dec 2008 | Status: Home School Map Maker | 1,192 Posts

sell limit at 1.3480 for me.

Attached Image (click to enlarge)

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I believe it will cover the red box target 1.3230

#457,350
Dec 29, 2017 12:26am Dec 29, 2017 12:26am

miziler
| Joined Jun 2017 | Status: Aloq Staq Traders | 69 Posts

Quoting miziler

Disliked

{quote} Reminder GBPUSD traders "Last Call" to open BUY at current market price. TP1) 1.3455 , TP2) 1.3480 and last but not least SL at 1.3300 "for time being". I will update again tonight for the next train stations Good Lucks Malaysians Traders.

Ignored

Finally our target is achieved at 1.3455, perfect scoreline again. I believe 1.3470 - 1.3480 is the last train station before correction to 1.3420 or 1.3393 even 1.3375. Will update again for the next train station where it will go. Last but not least, Happy New Year 2018 to all GBP traders especially Malaysians.

#457,351
Dec 29, 2017 3:21am Dec 29, 2017 3:21am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting Ill-b-back

Disliked

This is the spot to watch for Uber shorts to 1.32 {image}

Ignored

Cancel that, after Sept hammer on the retest, monthly shows it wants 38xx

Attached Image (click to enlarge)

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Name: GBPUSDMonthly.png
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Come with me if you want to live....

#457,352
Dec 29, 2017 4:43am Dec 29, 2017 4:43am

miziler
| Joined Jun 2017 | Status: Aloq Staq Traders | 69 Posts

Quoting miziler

Disliked

{quote} Finally our target is achieved at 1.3455, perfect scoreline again. I believe 1.3470 - 1.3480 is the last train station before correction to 1.3420 or 1.3393 even 1.3375. Will update again for the next train station where it will go. Last but not least, Happy New Year 2018 to all GBP traders especially Malaysians.

Ignored

Finally the train station pass by 1.3500, that's we are waiting for after break the 1.3480 for the last train station. I'm in selling mode at 1.3510 after catch the price.
Correction for GBP traders, we found out the lovely girls at train station 1.3420. Those are interested to catch the TP from 1.3470 - 1.3455 also suggested to do so. See you guys again in next train station.

#457,353
Dec 29, 2017 5:06am Dec 29, 2017 5:06am

Mr.Ha
| Joined Jun 2012 | Status: Trader | 153 Posts

Short....

Attached Image (click to enlarge)

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Name: gbp.png
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Goodluck to you!

#457,354
Dec 29, 2017 7:13am Dec 29, 2017 7:13am

miziler
| Joined Jun 2017 | Status: Aloq Staq Traders | 69 Posts

Quoting miziler

Disliked

{quote} Finally the train station pass by 1.3500, that's we are waiting for after break the 1.3480 for the last train station. I'm in selling mode at 1.3510 after catch the price. Correction for GBP traders, we found out the lovely girls at train station 1.3420. Those are interested to catch the TP from 1.3470 - 1.3455 also suggested to do so. See you guys again in next train station.

Ignored

Two H4 candles are enough to correct the full UP side train station movements from 1.3420, lets see and wait for that at the train station coffee shop, If H4 candles fails then slowly and steady will test the targets at this train station 1.3420, very sure indeed. If GBP traders want to make a Sell at CMP, it was a good time, if you want to wait the highest possible is 1.3530 - 1.3540 up to you, good lucks ya.

Last but not least, see you guys again at next train stations.

#457,355
Dec 29, 2017 7:47am Dec 29, 2017 7:47am

ettrader
| Joined Aug 2009 | Status: Trader | 565 Posts

Quoting Mr.Ha

Disliked

Short.... {image}

Ignored

That looks like one huge cup and handle pattern to me, it all depends on how it deals with a confluence of resistance here

#457,356
Dec 29, 2017 8:12am Dec 29, 2017 8:12am

harks68
| Joined Sep 2015 | Status: Trader | 5 Posts

My entry for short

http://fxpro.ctrader.com/images/screens/yNGrn.png

#457,357
Dec 29, 2017 9:00am Dec 29, 2017 9:00am

isoleam
| Joined Oct 2012 | Status: Trader | 33 Posts

Patience is the rule here. I'm waiting for a rally because if today closes Bullish it's important to note.

#457,358
Dec 29, 2017 10:04am Dec 29, 2017 10:04am

Trade-G
| Joined May 2016 | Status: Trader | 2,277 Posts

Quoting Trade-G

Disliked

Scalp long out before last hour closing.... from the looks of it looks primed for further upside, tight stops pls...

Ignored

Good up swing....