Cable Update (GBPUSD)

hello,
from where you are buying?
dont fight the trend

atheer1

Off fer a while kiddies, don't break nothing while I am gone!

i am also fighting the trend

buy @ 1.6260

GOOD LUCK to all

your SL?
hitted?

SL = 1.6100

IMO, it will bulling according to bigger TF,
have luck :-)
p/s: Im in buy too

hello,

It will hit this week,may be the next day.I hope I am wrong.

atheer1

There was no signal just closer to the bottom of the range and expecting it should go up from here. Have a tight SL at the bottom of the range 1.6190 with TP at 1.6273 and 1.6315.

Since there is reason to buy except for having the Bullish Outlook on GU and that we are near the bottom of the range I could just say this is just a speculative trade LOL.

Euro is krank wie ein pappagei as they say in Munich - sick as a parrot

gbp on the cusp of nice pips one way or t'other

Up to my ears in snow, coyotes and bears -so- bagel and coffee time and wait...

Forex from a cabin in the mountains - we ought to have a thread - where is the weirdest place you have traded from...

Presumably, a reawakening of interest in banks is good for GBP ?

Aren't you getting a little personal?
So, I'll show you mine if you'll show me yours.

Dr. D.

Forex from a cabin in the mountains - we ought to have a thread - where is the weirdest place you have traded from...

Does that come with a view ???

Nice charts,from where you got the indicators?

atheer1

hi

here u go

again

again

That's a cool indicator. Can you do the GBP/JPY too?

Be very careful with this indicator...........I can remember a thread which was opened to back test this indicator and....trust me the results were very bad.....
Please take care using this indi

try it first on a demo

nice .... but if fomc is to take gu up they will spike it down into 6100 before they take her up to buy at discount

If not they take it to the sell zone 1.6310 in asia and drop her hard tomorrow into 1.6000 or lower before end of week

either way you may be stopped out.

also daily trend is down .....why have such big stops when you are aginast the daily trend ?

I hope this works out for you.

There is bull div on rsx 4 hour , so that may work in your favour.

Hi Guys,

This is a copy of the 3 hour chart for the GBPUSD.
http://cdn.forexfactory.com/attachme...1&d=1260902785

This is a diagram and some information i was reading up on regarding Triangles and pennants.

Triangles

Triangles are some of the most well-known chart patterns used in technical analysis. The three types of triangles, which vary in construct and implication, are the symmetrical triangle, ascending and descending triangle. These chart patterns are considered to last anywhere from a couple of weeks to several months.

The symmetrical triangle in Figure 4 is a pattern in which two trendlines converge toward each other. This pattern is neutral in that a breakout to the upside or downside is a confirmation of a trend in that direction.

http://cdn.forexfactory.com/attachme...7&d=1260903284

Pennant

A pennant is a continuation patterns formed when there is a sharp price movement followed by a generally sideways price movement. This pattern is then completed upon another sharp price movement in the same direction as the move that started the trend. The pattern is generally thought to last from one to three weeks.

In a pennant, the middle section is characterized by converging trendlines, much like what is seen in a symmetrical triangle.

http://cdn.forexfactory.com/attachme...6&d=1260903284

Now my question is, which one are we dealing with re the current GBPUSD move? ALL COMMENTS ARE WELCOME...