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Cable Update (GBPUSD)

  • #409,381
  • Feb 19, 2015 7:20am Feb 19, 2015 7:20am
Quoting Spudforex
{quote}
it still could look like this a wedge is weaker on the bottom
Attached Image (click to enlarge)
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buy the dips ???
  • #409,382
  • Feb 19, 2015 7:20am Feb 19, 2015 7:20am
Quoting Zappa
{quote} Its good. I'll be glad to see some stops taken down there and get that area thoroughly tested so we don't need to come back there later.
seems to be the plan ..
lower than higher with some stops taken along the way ..
  • #409,383
  • Feb 19, 2015 7:21am Feb 19, 2015 7:21am
Quoting elbert3
{quote} it still could look like this a wedge is weaker on the bottom {image} buy the dips ???
Tell you what E your support is looking like tasty .. :nerd:
  • #409,384
  • Feb 19, 2015 7:24am Feb 19, 2015 7:24am
Quoting Spudforex
{quote} Tell you what E your support is looking like tasty .. :nerd:
And dont get me wrong with that comment .. lol
  • #409,385
  • Feb 19, 2015 7:31am Feb 19, 2015 7:31am
Quoting Zappa
Change of plans. Think we'll see 1.5340 soon.
Price can go down till 1.5150 imo (as per fib retracement). There are several supports tho.
  • #409,386
  • Feb 19, 2015 7:33am Feb 19, 2015 7:33am
Quoting Spudforex
{quote} Tell you what E your support is looking like tasty .. :nerd:
right thats me hold short but hedge a long here target as of last night could be the 2nd close of the big candle 5367 drop either depending , 2nd hedge this week but dont like it as it is pointless at times
  • #409,387
  • Feb 19, 2015 7:36am Feb 19, 2015 7:36am
Quoting zOrO2kX
{quote} Price can go down till 1.5150 imo
It could but I doubt it. Topping pattern was not THAT strong, and there was a lot of confusion at 1.5200. Many traders were short from there (and still are), and I don't see the market letting them out of those bad trades.
  • #409,388
  • Feb 19, 2015 7:45am Feb 19, 2015 7:45am
Quoting Zappa
{quote} It could but I doubt it. Topping pattern was not THAT strong, and there was a lot of confusion at 1.5200. Many traders were short from there (and still are), and I don't see the market letting them out of those bad trades.
yh .....bt possible to test 1.52xx...
  • #409,389
  • Feb 19, 2015 7:53am Feb 19, 2015 7:53am
Quoting Zappa
{quote} It could but I doubt it. Topping pattern was not THAT strong, and there was a lot of confusion at 1.5200. Many traders were short from there (and still are), and I don't see the market letting them out of those bad trades.
  • #409,390
  • Feb 19, 2015 7:54am Feb 19, 2015 7:54am
Quoting Spudforex
{quote} And dont get me wrong with that comment .. lol
can you tell me what system or method you use and what did make you that sell was benn confirmed?cause you.are always right
  • #409,391
  • Feb 19, 2015 7:57am Feb 19, 2015 7:57am
Quoting danndc
{quote} can you tell me what system or method you use and what did make you that sell was benn confirmed?cause you.are always right
Well that's kind of you to say ..
Thing is no one can be right all of the time ..
If ur interested then i will pm you later on with some info ..
  • #409,392
  • Feb 19, 2015 8:09am Feb 19, 2015 8:09am
really a is not probable,this week

Quoting GrowthHack
there is two possibilities in this week {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #409,393
  • Feb 19, 2015 8:10am Feb 19, 2015 8:10am
Quoting Spudforex
{quote} Well that's kind of you to say .. Thing is no one can be right all of the time .. If ur interested then i will pm you later on with some info ..
*raises hand* Does it work with longer term trades too, or more suited to scalping/swing trading? Danndc is right. Sounds interesting.


Quoting Bones
Hi Mary ,the software pro real time allows all that I prefer it ,yea just before it looked bullish to this number ,now I'm here I like the story of down then up ,up and wedge seems pretty {quote}
wow, how do u get that? PM me which broker has that software please? charts look v neat
  • #409,394
  • Feb 19, 2015 8:14am Feb 19, 2015 8:14am
Quoting Bones
really a is not probable {quote}
Bones, did u see the gap i think 3-4 pip on 2 Jan 2015 (sorry I typed wrong earlier Dec 2014) around 1.5508 to 1.55128 M30 and below TF? Wondering if thats a breakaway gap or will we be headed to close that before next down. Checked several broker open positions there are many people still trapped in longs @ .56 and above btw. Perhaps we will be ranging from 52xx/55xx next play until Yellen? this way people remain trapped and more will be trapped as we await the breakout pattern... lol

Also Elbert u are right. I looked at the wrong chart... the EMA on D1 which should serve as R is actually @ .5513 (quite near the gap) and also quite near the end of your blue box chart. I am not sure how forexlive got .56xxx gotta read their post again. I had that but in a much earlier date tho.
  • #409,395
  • Feb 19, 2015 8:21am Feb 19, 2015 8:21am
Quoting MaryAnne
{quote} Bones, did u see the gap i think 3-4 pip on 2 Jan 2015 (sorry I typed wrong earlier Dec 2014) around 1.5508 to 1.55128 M30 and below TF? Wondering if thats a breakaway gap or will we be headed to close that before next down. Checked several broker open positions there are many people still trapped in longs @ .56 and above btw. Perhaps we will be ranging from 52xx/55xx next play until Yellen? this way people remain trapped and more will be trapped as we await the breakout pattern... lol Also Elbert u are right. I looked at the...
let hope this one is right dropped the short ,, profit = the lose trade from before sl out as spud went short , so well done spud got into the short late there
  • #409,396
  • Feb 19, 2015 8:22am Feb 19, 2015 8:22am
1.5340 will be the first place to watch for signs of reversal, but 1.5245 probably even more likely I'm starting to think.
  • #409,397
  • Feb 19, 2015 8:23am Feb 19, 2015 8:23am
Quoting MaryAnne
{quote} *raises hand* Does it work with longer term trades too, or more suited to scalping/swing trading? Danndc is right. Sounds interesting. {quote} wow, how do u get that? PM me which broker has that software please? charts look v neat
PM'd u
  • #409,398
  • Feb 19, 2015 8:25am Feb 19, 2015 8:25am
Quoting MaryAnne
{quote} Bones, did u see the gap i think 3-4 pip on 2 Jan 2015 (sorry I typed wrong earlier Dec 2014) around 1.5508 to 1.55128 M30 and below TF? Wondering if thats a breakaway gap or will we be headed to close that before next down.
My broker (pepper) does not have that gap.
  • #409,399
  • Feb 19, 2015 8:28am Feb 19, 2015 8:28am
Quoting elbert3
{quote} let hope this one is right dropped the short ,, profit = the lose trade from before sl out as spud went short , so well done spud got into the short late there
Yeah Spud is awesome And yea Elbert, lets see how this one goes...
*keeping an eye on news calendar here*


Quoting Zappa
1.5340 will be the first place to watch for signs of reversal, but 1.5245 probably even more likely I'm starting to think.
Indeed. MM would be really kind if they went all the way up for now when majority still holding longs from higher above, starting with .56xx tho u are right theres many shorts below 1.52 trapped too. They probably collecting more retail orders before deciding next path that will give more profit

I checked a few brokers. Like Duka and Oanda btw.
  • #409,400
  • Feb 19, 2015 8:28am Feb 19, 2015 8:28am
Quoting Zappa
1.5340 will be the first place to watch for signs of reversal, but 1.5245 probably even more likely I'm starting to think.
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me too ..??? starting ti think about the gbpaud trade above,, thank my thinking z ,, gl
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