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Cable Update (GBPUSD)

  • #457,401
  • Jan 3, 2018 5:23am Jan 3, 2018 5:23am
On the 1 minute we see we have a reversal signal telling us a support will be 11 pips below. The underside of this bear support is bull resistance.
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  • #457,402
  • Jan 3, 2018 5:25am Jan 3, 2018 5:25am
Quoting Nala66
{quote} That's OK I know you trade the longer time frames and indeed you are trading off a daily bull support. The problem with this is the next bear support (bull resistance is 4946 and I would expect a lot of up and down activity over many weeks before this is reached. Still the bears made it down this distance in one bar nothing says the bulls can't do the same. Even if we look at the 4 hour chart we can see price is able to pull back southwards for 70 pips or so and still would be bullish. My stakes are too high to handle such a draw down. On...
We do what we can.
Don't know why you say 4946 is next resistance. I expect plenty of resistance around 1.4/1.41 area.
Anyway, I'm in bed now so enjoy the session guys.
Come with me if you want to live....
  • #457,403
  • Jan 3, 2018 9:21am Jan 3, 2018 9:21am
below 1.35 is more bearish, stop flush for longs
Don't Worry Be Happy
  • #457,404
  • Jan 3, 2018 9:33am Jan 3, 2018 9:33am
Quoting akim0895
{quote} now short wave is coming..
still holding short @1.360
maybe try some long @1.3495 risk 20pips
just for a cup of coffee...
  • #457,405
  • Jan 3, 2018 9:35am Jan 3, 2018 9:35am
Gap closed from yesterdays market opening.. short closed and will wait for new long..
  • #457,406
  • Jan 3, 2018 9:42am Jan 3, 2018 9:42am
The waiting is gradually paying off. The BEARS are back, three successive H4 bearish close below the Weeks High @ 1.3543 would trigger the prices south. I will be more comfortable with D1 bearish close below that mark (Watching for that). This would confirm and stamp the the South-South Trip.
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  • #457,407
  • Jan 3, 2018 9:58am Jan 3, 2018 9:58am
Quoting akim0895
{quote} still holding short @1.360 maybe try some long @1.3495 risk 20pips
Intraday only.
  • #457,408
  • Jan 3, 2018 2:18pm Jan 3, 2018 2:18pm
Quoting Ill-b-back
{quote} Because support is just below around 3550. It's a bull
Breaking that, 3440/60 area looks like next logical spot to watch for bullish PA.
Come with me if you want to live....
  • #457,409
  • Jan 3, 2018 11:49pm Jan 3, 2018 11:49pm
Inserted Video
  • #457,410
  • Jan 4, 2018 12:45am Jan 4, 2018 12:45am
I am not keen to trade this current situation for any more than a short period of time because clearly there is a contest going on at the 4 hour level and predicting the outcome would simple be guessing.

We see the bears did indeed pull back to the EMA and actually stopped the EMA from making the HH. If there is a failure here then price will attempt to test the opposite side being Major 1 on my chart below.

So far the bulls seem to be holding on but this may be just to sucker in buyers... For me I will wait for some confirmation of activity.
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  • #457,411
  • Jan 4, 2018 1:53am Jan 4, 2018 1:53am
3550 area being previous support now resistance, looks like a logical area to look for PA reasons to short to 3450 next support area for a nice ABCD formation from 36.
Come with me if you want to live....
  • #457,412
  • Jan 4, 2018 5:05am Jan 4, 2018 5:05am
Quoting Ill-b-back
3550 area being previous support now resistance, looks like a logical area to look for PA reasons to short to 3450 next support area for a nice ABCD formation from 36.
In H1 Chart - Price 1.3552 as Fibo 50% and Price 1.3656 as Fibo 61.8%

If you're have Interest ...
Take a Look my Analyze @ Jan 1, 2018 23:00 and my GU Chart for Today in my Thread's


Getting too Old, make me Lazy to makes a Lot Posts
Always looking the GREAT, never left GOOD Point...
  • #457,413
  • Jan 4, 2018 5:28am Jan 4, 2018 5:28am
Quoting Tsar
{quote} In H1 Chart - Price 1.3552 as Fibo 50% and Price 1.3656 as Fibo 61.8% If you're have Interest ... Take a Look my Analyze @ Jan 1, 2018 23:00 and my GU Chart for Today in my Thread's Getting too Old, make me Lazy to makes a Lot Posts
Hi Tsar, mate, I'm getting on in years also. I'm at my parents for a few days, computer is in the bedroom and wife is asleep.don"t want to wake her so I'm on my phone. Laaaazzzyyy...
Come with me if you want to live....
  • #457,414
  • Jan 4, 2018 5:43am Jan 4, 2018 5:43am
You Guys don't know what old is... I went to school with Noah
  • #457,415
  • Jan 4, 2018 6:19am Jan 4, 2018 6:19am
Quoting Nala66
You Guys don't know what old is... I went to school with Noah
Hahaaha oh come on
  • #457,416
  • Jan 4, 2018 6:27am Jan 4, 2018 6:27am
1.3557 region a testing point, should this be resistance, it can favour the bears
  • #457,417
  • Jan 4, 2018 6:49am Jan 4, 2018 6:49am
1.3594 closing for the daily should spur upward continuation
  • #457,418
  • Jan 4, 2018 6:59am Jan 4, 2018 6:59am

Quoting Ill-b-back
{quote} Hi Tsar, mate, I'm getting on in years also. I'm at my parents for a few days, computer is in the bedroom and wife is asleep.don"t want to wake her so I'm on my phone. Laaaazzzyyy...


I hope your family is Well & Happy ...

Always looking the GREAT, never left GOOD Point...
  • #457,419
  • Jan 4, 2018 7:06am Jan 4, 2018 7:06am

Quoting Nala66
You Guys don't know what old is... I went to school with Noah



I Posted since 2009 year. And Not the young man again.


By the Way... You're as the Fourth generation of FF Members I met became a Member.

The Three previous Generations have disappeared

Always looking the GREAT, never left GOOD Point...
  • #457,420
  • Jan 4, 2018 7:11am Jan 4, 2018 7:11am
Quoting Trade-G
1.3557 region a testing point, should this be resistance, it can favour the bears
1.3530 region as support for hourly support
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