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Cable Update (GBPUSD)

  • #459,621
  • Apr 20, 2018 5:44am Apr 20, 2018 5:44am
mistake made was trying to make it faster ,
bearish under the tl to main one otherwise channel as is
I couldn't see it that low
Attached Image (click to enlarge)
Click to Enlarge Name: 100000 GBPUSD-Daily.png Size: 47 KB
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  • #459,622
  • Apr 20, 2018 5:47am Apr 20, 2018 5:47am
Looking north on this so carney says what yesterday there will be a few interest rate rises? thats not bad
we all sit here thinking we know the direction where its going but really we all are guessing thats all as in everyone lol
  • #459,623
  • Apr 20, 2018 5:47am Apr 20, 2018 5:47am
it went reasonably higher but I guess you could say double top this time
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,624
  • Apr 20, 2018 6:22am Apr 20, 2018 6:22am
No we don't, but we guess, some guesses more accurately and some guesses most of the time rightly like Bone
  • #459,625
  • Apr 20, 2018 6:36am Apr 20, 2018 6:36am
From here to 1.4027 to me is rather important, finding a base should see it test 1.4115-1.4131, shift ends, may the next shift do well !
  • #459,626
  • Apr 20, 2018 6:42am Apr 20, 2018 6:42am
Quoting Ill-b-back
{quote} Looking left and given HOLs' rejection of Brexit proposal, 141 area now looks like resistance.
It's very bearish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 26 KB
Click to Enlarge Name: GBPUSDH4.png Size: 30 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 31 KB
Come with me if you want to live....
  • #459,627
  • Apr 20, 2018 6:45am Apr 20, 2018 6:45am
I put the line there ,but bears wk close in box prob seal the bear deal
Attached Image (click to enlarge)
Click to Enlarge Name: 200002 GBPUSD-12-hours.png Size: 31 KB
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  • #459,628
  • Apr 20, 2018 7:05am Apr 20, 2018 7:05am
Quoting Trade-G
From here to 1.4027 to me is rather important, finding a base should see it test 1.4115-1.4131, shift ends, may the next shift do well !
10 pip stop with that?
  • #459,629
  • Apr 20, 2018 8:59am Apr 20, 2018 8:59am
Quoting Bones
I put the line there ,but bears wk close in box prob seal the bear deal {image}
Seem likely to be a bear close.
  • #459,630
  • Apr 20, 2018 9:04am Apr 20, 2018 9:04am
Price went down south 300+ pips in 4 days. Wow! I am lost at the moment. Gonna sit out for a while I guess.
  • #459,631
  • Apr 20, 2018 9:18am Apr 20, 2018 9:18am
Quoting mahooo
Sell GU ATM brother. TP 300pips
seriously mahoo?

3rd november 2017, you told every1 "buy gu 1.3064, we will fly" and then for the next 4 months, it flew to 1.437,

and couple of days ago you suddenly logged in to forexfactory and told people to sell at 1.437 for 300 pips when people are buying

while most are just posting nonsense like, "probably gonna reach 1.5, but careful we can also reach 1.4"

but you sir, seems to be on a different level

what's the secret?
  • #459,632
  • Apr 20, 2018 9:31am Apr 20, 2018 9:31am
Quoting D3v1lsh0ot3r
Price went down south 300+ pips in 4 days. Wow! I am lost at the moment. Gonna sit out for a while I guess.
Id previously closed my main intraday shorts now from this morning.

However I still feel there is more downside today. I've just added 2 more shorts with the recent pullback at 140.30 with targets @139.90 and 139.60 but we are pushing it for today

I don't have my chart atm but there is a clear S/R level and weekly s100 level in sight.
  • #459,633
  • Apr 20, 2018 12:15pm Apr 20, 2018 12:15pm
Quoting aeternum
I feel like we completed an ABC up and testing the previous A resistance now so it's bouncing here and there. Overall looking for further downward movement though
So we are getting some pretty good downwards movement now. Seems like bears are winning the good fight right up to the week's close. Looking to see if we close lower on a weekly, this will open up some room on the daily which is already below MA

1.4 is a good support level thus far, without a bounce we may continue down to 1.37x
A 1 pip gain is better than a 1 pip loss.
  • #459,634
  • Apr 20, 2018 3:40pm Apr 20, 2018 3:40pm
Closed my final trades for this week for 48 pips profit, it just hasnt got the legs to reach the 1st target.

Time for some beers and a bit of Fifa

Have a nice weekend all
  • #459,635
  • Apr 20, 2018 5:07pm Apr 20, 2018 5:07pm
the trick is don't give any detail or parameters
It touched that wick maybe it cannot enter
but the major down is higher , quarterly is bullish over 13500

Quoting hellandback
{quote} seriously mahoo? 3rd november 2017, you told every1 "buy gu 1.3064, we will fly" and then for the next 4 months, it flew to 1.437, and couple of days ago you suddenly logged in to forexfactory and told people to sell at 1.437 for 300 pips when people are buying while most are just posting nonsense like, "probably gonna reach 1.5, but careful we can also reach 1.4" but you sir, seems to be on a different level what's the secret?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 202 GBPUSD-Quarterly.png Size: 35 KB
Click to Enlarge Name: 2022 GBPUSD-Quarterly.png Size: 33 KB
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  • #459,636
  • Apr 20, 2018 8:08pm Apr 20, 2018 8:08pm
I think a retest of 4hr candle reaction to TL would be tempting for the target below.
I will leave it as has been a good month and don't want to mess it up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 26 KB
Click to Enlarge Name: GBPUSDH4.png Size: 24 KB
Click to Enlarge Name: GBPUSDH1.png Size: 24 KB
Come with me if you want to live....
  • #459,637
  • Apr 20, 2018 9:41pm Apr 20, 2018 9:41pm
Next ranging area
No more big news for GBP this week
Attached Image (click to enlarge)
Click to Enlarge Name: 2018_04_21_08.06.37.jpg Size: 252 KB
  • #459,638
  • Apr 20, 2018 11:47pm Apr 20, 2018 11:47pm
thanks bones,

i got caught on the wrong side of the market the past week and took this opportunity to exit my short trades with a small profit right before the weekend.

my fundamental/technical is not that good, although i can see that gbp/usd is looking pretty bearish, i'm not sure that i would attempt any more short trade this month because of this news whereby for the past 14 years, gbp/usd ends with a green monthly candle in april no matter what news come.
https://www.poundsterlinglive.com/gb...il-seasonality

my plan for the next 2 weeks is to look for longs around 1.3900 and if the 14 year gbpusd trend is right, we should end above 1.4000 again by the end of the month.

good luck guys and remember, anything can happen, so always manage your risk first and be picky with your trade <-- more like a reminder to myself.
  • #459,639
  • Apr 21, 2018 1:28am Apr 21, 2018 1:28am
Does Seems like abit oversold. Probably might head up before continue further down?
  • #459,640
  • Apr 21, 2018 5:26am Apr 21, 2018 5:26am
you have to see it open but looks bearish ,first half day should know more
gap direction if so may hint early on
below key level ,id go major problem ,double top
upper wick adds for bears
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 0101 GBPUSD-Weekly.png Size: 48 KB
Click to Enlarge Name: 01010101 GBPUSD-Weekly.png Size: 40 KB
Click to Enlarge Name: 02 GBPUSD-12-hours.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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