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Cable Update (GBPUSD)

  • #407,781
  • Feb 4, 2015 10:03am Feb 4, 2015 10:03am
Interesting PA, looks like someone is loading up for this one to rock to the sky

H4 looks ok.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDFXFM15.png Size: 43 KB
Click to Enlarge Name: GBPUSDFXFH4.png Size: 66 KB
  • #407,782
  • Feb 4, 2015 10:40am Feb 4, 2015 10:40am
Quoting Darkforce
Interesting PA, looks like someone is loading up for this one to rock to the sky H4 looks ok. {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 4a.png Size: 60 KB
thats my 4 hour .. ?????
  • #407,783
  • Feb 4, 2015 10:42am Feb 4, 2015 10:42am
Quoting Darkforce
Interesting PA, looks like someone is loading up for this one to rock to the sky H4 looks ok. {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 64 KB
and 1 hour . looks capped at 5250,, what do you think,,regardsE
  • #407,784
  • Feb 4, 2015 10:43am Feb 4, 2015 10:43am
Quoting elbert3
{quote} {image} thats my 4 hour .. ?????
For me that last 2 candles say future down because both high are at same level.
Try don't lose pants never...
  • #407,785
  • Feb 4, 2015 10:48am Feb 4, 2015 10:48am
Quoting braintheboss
{quote} For me that last 2 candles say future down because both high are at same level.
thinking the same that 4 hour candle not closed but could be pincer,, wait a bit i think
  • #407,786
  • Feb 4, 2015 10:55am Feb 4, 2015 10:55am
go to test support
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 146 KB
  • #407,787
  • Feb 4, 2015 10:57am Feb 4, 2015 10:57am
Perhaps a sign of some GBP weakness to come?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-02-04 at 9.29.07 AM.png Size: 111 KB
  • #407,788
  • Feb 4, 2015 10:58am Feb 4, 2015 10:58am
Quoting elbert3
{quote} {image} and 1 hour . looks capped at 5250,, what do you think,,regardsE
5210 still support so ranging maybe, then looking for more clues from BOE and NFP.
  • #407,789
  • Feb 4, 2015 11:07am Feb 4, 2015 11:07am
I think inside pinbar failed ( H1 ). Next candle little high shadow and after down but maybe we see surprise...
Try don't lose pants never...
  • #407,790
  • Feb 4, 2015 11:22am Feb 4, 2015 11:22am
Divergence? Maybe go down?
Attached Image (click to enlarge)
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  • #407,791
  • Feb 4, 2015 1:25pm Feb 4, 2015 1:25pm
I think the market is aiming for another go at 15250. Technically my Ichi still indicates a long but I won't going in until 15250 has been passed. The BOE rate is due tomorrow which will almost certainly result in no change, the non farms are on Friday which may give the pair a shove out of the 15250/15000 range.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
  • #407,792
  • Feb 4, 2015 2:07pm Feb 4, 2015 2:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-USD 4-2-2015 4H setup chart.png Size: 48 KB
  • #407,793
  • Feb 4, 2015 2:26pm Feb 4, 2015 2:26pm
This above image looks sound to me. I trade using Elliott Wave, and we've completed, from the top in about July '14, waves 1 short, a small pull back for wave 2 around Sept, and need to complete my wave 3 short at about your same price prediction. Wave 3 would be an almost perfect 161.8 extension of wave 1. We'd likely pull back for wave 4 long into the .5200-.5800, and then a final push short for wave 5. Thanks for posting your own chart. It's funny how someone else's chart, which shows the same price action, can free the eye from distractions on his own chart.
  • #407,794
  • Feb 4, 2015 2:34pm Feb 4, 2015 2:34pm
Quoting notsocasual
This above image looks sound to me. I trade using Elliott Wave, and we've completed, from the top in about July '14, waves 1 short, a small pull back for wave 2 around Sept, and need to complete my wave 3 short at about your same price prediction. Wave 3 would be an almost perfect 161.8 extension of wave 1. We'd likely pull back for wave 4 long into the .5200-.5800, and then a final push short for wave 5. Thanks for posting your own chart. It's funny how someone else's chart, which shows the same price action, can free the eye from distractions...

so what is your prediction? will it go up or down from where it is now? and what will be the target?
  • #407,795
  • Feb 4, 2015 2:48pm Feb 4, 2015 2:48pm
Why this fast move?
Try don't lose pants never...
  • #407,796
  • Feb 4, 2015 3:01pm Feb 4, 2015 3:01pm
Gidday GBP

With these choppy moves

What can you say

keep the trades bit smaller so

at least you can hang on to them for a few days.

Need a few spikes to clear the decks
  • #407,797
  • Feb 4, 2015 3:02pm Feb 4, 2015 3:02pm
My prediction? I catually felt it would move long a bit more into the region above this consolidation as I thought, just previously, that my wave 3 was over. However, I had to rethink it and came to the conclusion the current consolidation is either over already or needs a smaller little push higher up to the gentleman's 3 touch overhead resistance zone. So...my new target is short, and the same as his line drawn down at about 1.46845 spot. I just put a short on a few hours ago, but I have been holding a long position and it sucks. If I cut it, take my lumps, and then trade this short, I can make money on the way down, cut it once it shows weakness to the downside, and then trade hard long into my wave 4 region, and then flip and trade short for my 5th wave. Bottom line is that I personally will be making up for a loss I will need to cut all because I ignored the ancient rules of stop losses and emotions.
  • #407,798
  • Feb 4, 2015 3:11pm Feb 4, 2015 3:11pm
Quoting danndc
{quote} so what is your prediction? will it go up or down from where it is now? and what will be the target?
I think bank rate later will crush GBP way lower.
  • #407,799
  • Feb 4, 2015 3:38pm Feb 4, 2015 3:38pm
I was waiting this move 7h... Trendline works good this time also. If EUR/USD got 30p higher, shorted better it, but is good as it is...
Cant understand, will it reach 1.5100/1.5000...
  • #407,800
  • Feb 4, 2015 4:07pm Feb 4, 2015 4:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1...gif Size: 160 KB
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