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Cable Update (GBPUSD)

  • #359,361
  • Jan 20, 2014 5:00am Jan 20, 2014 5:00am
Quoting elbert3
i make this morning high 1.64514 any body else ???
1.64513 in my MT4 - so around there yeah
  • #359,362
  • Jan 20, 2014 5:04am Jan 20, 2014 5:04am
1.64518 but it keeps hitting up there until it's broken in the following hours.
  • #359,363
  • Jan 20, 2014 5:05am Jan 20, 2014 5:05am
Quoting Kajos2250
{quote} Too early! Double top confirmation close under ~6394 by my knowledge....
I agree. We are retesting Friday's highs. This should only be described as a double top formation if we break (and retest) 1.64, so as not to confuse learners. This would give us a technical target of around 1.6340. Unlikely to happen in my opinion, especially as everyone's begging the BoE not to increase interest rates if unemployment falls below 7% this year.

Friday's was a very bullish candle and still in an uptrend so, as it stands, we have retested 1.64 on the way up. If we break Friday's high we should shoot up. First target 1.6540 thereabouts. I do agree this is looking a bit "toppy", though just now.
Gone to a better place
  • #359,364
  • Jan 20, 2014 5:33am Jan 20, 2014 5:33am
These wicks do look bearish. It should come down now shouldn't it?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15_20.1.14.png Size: 54 KB
Be water, my friend
  • #359,365
  • Jan 20, 2014 5:43am Jan 20, 2014 5:43am
Quoting spocktrader
These wicks do look bearish. It should come down now shouldn't it? {image}
I think, and hope the wicks did what they can predict (1-2 RR)
I nearly jumped out from my longs at BE
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdxm15.png Size: 54 KB
Anything is math!
  • #359,366
  • Jan 20, 2014 5:50am Jan 20, 2014 5:50am
Well I'm not expecting much movement today. Not much news, and I am reliably informed that New York is closed today in honour of Dr Martin Luther King Jnr.
Gone to a better place
  • #359,367
  • Jan 20, 2014 5:55am Jan 20, 2014 5:55am
Quoting smikester
Well I'm not expecting much movement today. Not much news, and I am reliably informed that New York is closed today in honour of Dr Martin Luther King Jnr.
Nor am i but i hope there will not be an daily inside bar after a bullish engulfing...
Anything is math!
  • #359,368
  • Jan 20, 2014 6:05am Jan 20, 2014 6:05am
It is not the most beautiful candlestick on the hourly for bulls at the moment....
But what is lateing it is coming
I am sure this is not well grammar sorry!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 111 KB
Anything is math!
  • #359,369
  • Jan 20, 2014 6:05am Jan 20, 2014 6:05am
Quoting Kajos2250
{quote} I think, and hope the wicks did what they can predict (1-2 RR) I nearly jumped out from my longs at BE
Kajos, what's that indi you have that shows the last 3-4 bars bigger on the right side? Might solve my zooming issues
  • #359,370
  • Jan 20, 2014 6:15am Jan 20, 2014 6:15am
Quoting sakisf
{quote} Kajos, what's that indi you have that shows the last 3-4 bars bigger on the right side? Might solve my zooming issues
The first 2 is the daily last 2 candle, the second 2 is the last 2 weekly canlde.
This is not an indicator, it is part of my expert that i use for easy manage my trades. It is selfmade, but if you would like i can share it.
Or if you would like i make an indicator from it. But just tomorrow and say cause i will forget
Anything is math!
  • #359,371
  • Jan 20, 2014 6:17am Jan 20, 2014 6:17am
Quoting Kajos2250
GU M15 I can not sit on my hand, 4th longs is taken. I should not see M15 {image}
Sitting on your hands is a POSITION as well !!!
  • #359,372
  • Jan 20, 2014 6:23am Jan 20, 2014 6:23am
Quoting IveGotQuads
{quote} Sitting on your hands is a POSITION as well !!!
I need to utilise this position more
  • #359,373
  • Jan 20, 2014 6:24am Jan 20, 2014 6:24am
Quoting Kajos2250
{quote} The first 2 is the daily last 2 candle, the second 2 is the last 2 weekly canlde. This is not an indicator, it is part of my expert that i use for easy manage my trades. It is selfmade, but if you would like i can share it. Or if you would like i make an indicator from it. But just tomorrow and say cause i will forget
Thanks for the offer. I am actually in need of something that only shows me the current chart (whatever minute format I am in) 3-4 last candles bigger as I tend to zoom out alot and can't see the evolution of the current candle vs previous. I don't want to waste your time coding, will check around and if I can't find anything I will pm you if you can pass me the code to see if I can alter it.
  • #359,374
  • Jan 20, 2014 6:28am Jan 20, 2014 6:28am
Quoting Griffo
{quote} I need to utilise this position more
Exactly ....i did trade Aud/Usd last night but I couldnt justify myself entering the market this morning in most pairs. The noise is just too much coming from the weekend.
  • #359,375
  • Jan 20, 2014 6:28am Jan 20, 2014 6:28am
Quoting sakisf
{quote} Thanks for the offer. I am actually in need of something that only shows me the current chart (whatever minute format I am in) 3-4 last candles bigger as I tend to zoom out alot and can't see the evolution of the current candle vs previous. I don't want to waste your time coding, will check around and if I can't find anything I will pm you if you can pass me the code to see if I can alter it.
Try this, well adjustable!
http://www.pipware.com/
Anything is math!
  • #359,376
  • Jan 20, 2014 6:33am Jan 20, 2014 6:33am
I was short from 1.6452 last week today i closed it in 0 in my opinion today we will see 1.65
  • #359,377
  • Jan 20, 2014 6:33am Jan 20, 2014 6:33am
GU M15

Added 2 buy stops above the MPP... What is it if sudden breakout
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdxm15.png Size: 55 KB
Anything is math!
  • #359,378
  • Jan 20, 2014 6:35am Jan 20, 2014 6:35am
As soon as chf gets unstuck everything will move.
  • #359,379
  • Jan 20, 2014 6:36am Jan 20, 2014 6:36am
Good day,

I have added another short. BE now @ 1.6440 - not sure - but it should afford me an opportunity to walk away with a nett positive outcome..

all the best
  • #359,380
  • Jan 20, 2014 6:36am Jan 20, 2014 6:36am
Quoting Kajos2250
GU M15 Added 2 buy stops above the MPP... What is it if sudden breakout {image}
The market liquidity will be very low in a few hrs. NY is closed today because of MLK day, a breakout needs momentum you know
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