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Cable Update (GBPUSD)

  • #457,481
  • Jan 11, 2018 3:05am Jan 11, 2018 3:05am
Manage to lock 3rd entries while 1st entry remain the same.
Looking for more bearish movement as support now breach.

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  • #457,482
  • Jan 11, 2018 3:08am Jan 11, 2018 3:08am
Quoting batus
Manage to lock 3rd entries while 1st entry remain the same. Looking for more bearish movement as support now breach. {image}
really short? Which price would u TP at finally?
  • #457,483
  • Jan 11, 2018 3:16am Jan 11, 2018 3:16am
Quoting mrnicecookie
{quote} really short? Which price would u TP at finally?
1.34300
  • #457,484
  • Jan 11, 2018 3:45am Jan 11, 2018 3:45am
The problem here is the average is still trying to make a lower low. We need to see the bulls stop it.
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  • #457,485
  • Jan 11, 2018 5:53am Jan 11, 2018 5:53am
The 4hr may give us a V formation. May end in a new recent HH
We Can
  • #457,486
  • Jan 11, 2018 6:50am Jan 11, 2018 6:50am
Quoting KingOSwing
The 4hr may give us a V formation. May end in a new recent HH
Things forming nicely. We have 70 minutes left to signal confirmation on the 4hr this side. May then go to target. Around 1.3510 would be good enough.
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We Can
  • #457,487
  • Jan 11, 2018 6:55am Jan 11, 2018 6:55am
Quoting sat007
holding till 1.346

This is what I said..it did touched 1.346 today but yesterday that China news blow up and took a swing back from 1.348 to 1.353.. without hitting 1.346
  • #457,488
  • Jan 11, 2018 8:17am Jan 11, 2018 8:17am
Quoting sat007
{quote} This is what I said..it did touched 1.346 today but yesterday that China news blow up and took a swing back from 1.348 to 1.353.. without hitting 1.346
What was the relevance 1.346, how did you come by that number?
  • #457,489
  • Jan 11, 2018 8:33am Jan 11, 2018 8:33am
have to show my chart later its on my personal laptop.. at work cant do it now..
  • #457,490
  • Jan 12, 2018 12:20am Jan 12, 2018 12:20am
Inserted Video
  • #457,491
  • Jan 12, 2018 3:11am Jan 12, 2018 3:11am
Three winning entries but with a minimum profit from partial close.
I'm out for now.

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  • #457,492
  • Jan 12, 2018 3:46am Jan 12, 2018 3:46am
Quoting batus
Three winning entries but with a minimum profit from partial close. I'm out for now. {image}
No worry, Batman! I think you've made too much this week, so please leave some for me! LOL
Simplicity is the key to brilliance
  • #457,493
  • Jan 12, 2018 4:17am Jan 12, 2018 4:17am
My Bias will remain Bullish into the coming week. But for this week; I'm done. Cheers everyone and enjoy pips over the weekend.
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  • #457,494
  • Jan 12, 2018 5:47am Jan 12, 2018 5:47am
Quoting LinFX
{quote} No worry, Batman! I think you've made too much this week, so please leave some for me! LOL
But i love the movement ...

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  • #457,495
  • Jan 12, 2018 7:17pm Jan 12, 2018 7:17pm
And what do we end the week with... A perfect example of AB =CD Where AB is the run up and C is a 50% retrace from which we measure CD to be equal to AB with a + or - for the little bit it runs past the 50% retrace.


I don't know where price is going to go from here since we are in the big gap of no information so price action will now have to create some for us.

I note that the next average is about 150 pips up from here so we may be looking at a trend up to this level 1.38906, I suspect that is going to be the case. However if this is a long term thing then we may see price return to 1.354 which is a 50% retrace of the AB = CD and then a potentially much bigger move up to complete a second wave.

For now I await the charts creating more information.
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  • #457,496
  • Jan 12, 2018 7:26pm Jan 12, 2018 7:26pm
Incidentally a much quicker and simpler way of of working with AB = CD's is to use the Quartile copying one and dragging it onto the 50% retrace level to produce a 2 Quarile extension which is the D target.
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  • #457,497
  • Jan 13, 2018 7:37pm Jan 13, 2018 7:37pm
Ok guys. Here is my view. Long term up trend. cheers
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  • #457,498
  • Jan 14, 2018 3:04am Jan 14, 2018 3:04am
Quoting Beyfor
BRITISH POUND/US DOLLAR ----------------------------------- Rare type : WAVE A is a diagonal triangle {image}

The rare type : Wave A is a diagonal triangle is performing exactly as expected

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The rare type : Wave A is a diagonal triangle is performing exactly as expected
  • #457,499
  • Jan 14, 2018 6:54am Jan 14, 2018 6:54am
Closely following this pair. Might buy in this week.
  • #457,500
  • Jan 14, 2018 8:18am Jan 14, 2018 8:18am
Quoting Beyfor
{quote} The rare type : Wave A is a diagonal triangle is performing exactly as expected {image} The rare type : Wave A is a diagonal triangle is performing exactly as expected
A Diagonal Triangle? I don't recall Pythagoras mentioning that shape...no wonder it is rare.
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