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Cable Update (GBPUSD)

  • #463,681
  • Aug 15, 2018 3:25am Aug 15, 2018 3:25am
Quoting kayikayi
{quote} got it...let's see what the news are gonna bring
You may ask why close at the 1H EMA.

The reason is I am trading the 5M chart, to trade the 1H I would have to see the bulls cross and find support. This is not a common event and even if it does I can always get back in the trade.
  • #463,682
  • Aug 15, 2018 3:43am Aug 15, 2018 3:43am
We see here on the 5M chart the fast RSI is way down low showing little chance the price can break the average so this is a long at A.

Then at B we see price cannot close above the average of 2717 so this is bullish failure and price should teat the opposite side 2698
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  • #463,683
  • Aug 15, 2018 3:45am Aug 15, 2018 3:45am
Quoting Nala66
{quote} You may ask why close at the 1H EMA. The reason is I am trading the 5M chart, to trade the 1H I would have to see the bulls cross and find support. This is not a common event and even if it does I can always get back in the trade.
I understood and the 1.2698 just got tagged and it bounced .... good calls like always!!
thx!
  • #463,684
  • Aug 15, 2018 3:46am Aug 15, 2018 3:46am
Then we see price hit the 2698 (My Target) and bounced off it. This means we are now range bound between those two averages waiting for a break.
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  • #463,685
  • Aug 15, 2018 3:48am Aug 15, 2018 3:48am
[quote = Nala66; 11369665] Potem vidimo, da je cena dosegla 2698 (My Target) in jo odklonila. To pomeni, da smo sedaj med tema dvema povprečjema čakali na odmor. {image} [/ quote]


Ali lahko pričakujrmo crno pod 1,25?
  • #463,686
  • Aug 15, 2018 3:48am Aug 15, 2018 3:48am
Quoting Nala66
Then we see price hit the 2698 (My Target) and bounced off it. This means we are now range bound between those two averages waiting for a break. {image}

Yes!! I see that...market following your script...keep them coming levels!!!
  • #463,687
  • Aug 15, 2018 3:48am Aug 15, 2018 3:48am
Quoting Nala66
Then we see price hit the 2698 (My Target) and bounced off it. This means we are now range bound between those two averages waiting for a break. {image}
Compression mode..
  • #463,688
  • Aug 15, 2018 3:49am Aug 15, 2018 3:49am
watching to see if we get a close below 035 in 11 mins... may be another quick slide if so...

Edit: below 08 may suffice...
  • #463,689
  • Aug 15, 2018 3:52am Aug 15, 2018 3:52am
No bullish setup I see, not having high hopes...
  • #463,690
  • Aug 15, 2018 3:58am Aug 15, 2018 3:58am
It will take a miracle to swing up
  • #463,691
  • Aug 15, 2018 4:01am Aug 15, 2018 4:01am
H4 has closed bullish. CPI and PPI are positive. 2770 around the corner?
  • #463,692
  • Aug 15, 2018 4:04am Aug 15, 2018 4:04am
Quoting Bydyke
H4 has closed bullish. CPI and PPI are positive. 2770 around the corner?
Well if you say H4 has a lower low failure, its true but it will still take a miracle !
  • #463,693
  • Aug 15, 2018 4:13am Aug 15, 2018 4:13am
Quoting kayikayi
{quote} Yes!! I see that...market following your script...keep them coming levels!!!
It is a tad difficult for me to post the action on the 5M, I am not a fast typist by any means and I am trying to trade at the same time, I can only do so much.

By the time I have typed the words and copied the chart the action has past by.

So I normally wait for bigger targets to aim for to post.
  • #463,694
  • Aug 15, 2018 4:17am Aug 15, 2018 4:17am
Quoting Bydyke
H4 has closed bullish. CPI and PPI are positive. 2770 around the corner?
How can the 4H possibly be bullish...one bar does not a chart make???
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  • #463,695
  • Aug 15, 2018 4:18am Aug 15, 2018 4:18am
Quoting Bydyke
H4 has closed bullish. CPI and PPI are positive. 2770 around the corner?
I would say the close wasn't really bearish, we had a rejection of higher prices and h4 couldn't close anywhere near morning high... it rejected the low 3 times already and is struggling to get anywhere..
  • #463,696
  • Aug 15, 2018 4:24am Aug 15, 2018 4:24am
Quoting Trade-G
It will take a miracle to swing up
Yes I totally agree with you. It doesn't feel like a bottom at all. We need to have a big blow out move to the downside to wash out all the weak longs and then maybe we will have a decent retracement. I'm looking at the 1.2650ish area
  • #463,697
  • Aug 15, 2018 4:37am Aug 15, 2018 4:37am
Quoting Nala66
{quote} How can the 4H possibly be bullish...one bar does not a chart make??? {image}
If our H4 candles are the same, you will notice that the bullish candle also engulfed the previous one. It also has a wick that had risen to 2735. Chances are that PA will shoot past that top. But let us all wait and see. The good thing is that we shall see the signals as they play out
  • #463,698
  • Aug 15, 2018 4:42am Aug 15, 2018 4:42am
guys what are you saying or can we see gbpusd 1,2500 ?
When?
  • #463,699
  • Aug 15, 2018 4:46am Aug 15, 2018 4:46am
Quoting matjaz1982
guys what are you saying or can we see gbpusd 1,2500 ? When?
Christmas?????
  • #463,700
  • Aug 15, 2018 4:48am Aug 15, 2018 4:48am
Quoting Bydyke
{quote} If our H4 candles are the same, you will notice that the bullish candle also engulfed the previous one. It also has a wick that had risen to 2735. Chances are that PA will shoot past that top. But let us all wait and see. The good thing is that we shall see the signals as they play out
I see what you are saying but we would see that play out on the 5 min chart much better. Mine didn't engulf by the way.
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