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Cable Update (GBPUSD)

  • #409,421
  • Feb 19, 2015 9:27am Feb 19, 2015 9:27am
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still in a squeeze like mode ,,
  • #409,422
  • Feb 19, 2015 9:30am Feb 19, 2015 9:30am
Minutes after BoE meeting gives more optimism for GBP, the base scenario for now is interest rate hike in 3rd quarter, which should end the weakness of Pound in the nearest future.
  • #409,423
  • Feb 19, 2015 9:46am Feb 19, 2015 9:46am
Quoting elbert3
{image} still in a squeeze like mode ,,

Elbert, does your weekly chart GBPUSD look like mine or Bones (see our above posts on this same page)? Am trying to figure out why they look so different... >.<
  • #409,424
  • Feb 19, 2015 9:51am Feb 19, 2015 9:51am
Quoting MaryAnne
{quote} Elbert, does your weekly chart GBPUSD look like mine or Bones (see our above posts on this same page)? Am trying to figure out why they look so different... >.<
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there you go ,
  • #409,425
  • Feb 19, 2015 9:58am Feb 19, 2015 9:58am
Quoting elbert3
{quote} {image} there you go ,
Thanks
I just checked the chart on 4 of my brokers... only the GMT+0 server time seems to look like your charts. The other GMT+1 brokers all showing gaps forming/formed earlier 1 month ago

Interesting. No wonder we always have different conclusion when viewing candles in higher TF. So... S/R may be the most objective method now for comparison among us
  • #409,426
  • Feb 19, 2015 9:58am Feb 19, 2015 9:58am
out at 4398 not sure here , been a hard day to read might short again buy over 15450
  • #409,427
  • Feb 19, 2015 10:01am Feb 19, 2015 10:01am
sorry guys I forgot thats not a gap as I don't show weekend data as I prefer less candles ,

Quoting Bones
gaps in weekly pivot ,you can not trust 30 min {quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #409,428
  • Feb 19, 2015 10:02am Feb 19, 2015 10:02am
its a 4 day tf close tomorrow ,hopefully not confused you to much lol

Quoting MaryAnne
{quote} Bones, what is your server time? Is that your weekly chart? Why does mine look so different... EDIT: I realised its weekly, not Daily chart but yea very different still from what I have. Strange
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #409,429
  • Feb 19, 2015 10:03am Feb 19, 2015 10:03am
Quoting elbert3
out at 4398 not sure here , been a hard day to read might short again buy over 15450

Agreed. Very confusing day... dont know why market does not react much to the news. maybe its just waiting for greece conclusion? price seems frozen omg.
  • #409,430
  • Feb 19, 2015 10:04am Feb 19, 2015 10:04am
thats lots of crude
  • #409,431
  • Feb 19, 2015 10:05am Feb 19, 2015 10:05am
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if your watchinh the 5 min this is having a fight with the line,, even the indi is off and on,lol
  • #409,432
  • Feb 19, 2015 10:08am Feb 19, 2015 10:08am
Quoting kali14
thats lots of crude
What are we gonna do with it? Oil spikey already corrected and running to break 49,511, to continue to 48,25, ....to monthly doji below. Maybe
"I know one thing, that I know nothing." Sokrates
  • #409,433
  • Feb 19, 2015 10:10am Feb 19, 2015 10:10am
in between rock and hard place,d1 will close indecisive ,bearish consolidation
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #409,434
  • Feb 19, 2015 10:11am Feb 19, 2015 10:11am
Quoting Bones
its a 4 day tf close tomorrow ,hopefully not confused you to much lol {quote}
Oh, no worries .

But its cool we should always compare and alert each other when a gap is spotted on bigger TF. Right now, for 3 of my brokers this week will be another gap up if we fail to close below .5392 so... lets look for the close tomorrow

EDIT: Additionally, the highs reached this week was approx 61.8% Fibo RT from the fall since .5785 while 78.6% would be around .56
  • #409,435
  • Feb 19, 2015 10:11am Feb 19, 2015 10:11am
Quoting MaryAnne
{quote} Agreed. Very confusing day... dont know why market does not react much to the news. maybe its just waiting for greece conclusion? price seems frozen omg.
somethings going on, if oil drops might sell gb
  • #409,436
  • Feb 19, 2015 10:17am Feb 19, 2015 10:17am
Quoting Bones
in between rock and hard place,d1 will close indecisive ,bearish consolidation {image}
Yea, I see spinning top on my D1 charts too on all brokers

Quoting elbert3
{quote} somethings going on, if oil drops might sell gb
Same plan. Oil down -> GBP weaker, USD stronger so pair should drop. Looks like indeed related to oil movements.
  • #409,437
  • Feb 19, 2015 10:36am Feb 19, 2015 10:36am
Quoting Tom_D_Trader
{quote} What are we gonna do with it? Oil spikey already corrected and running to break 49,511, to continue to 48,25, ....to monthly doji below. Maybe
Oh man that Oil is beeing mean. Edit: Totally confused cash flows here. Nevertheless, Oil very mean.
"I know one thing, that I know nothing." Sokrates
  • #409,438
  • Feb 19, 2015 10:37am Feb 19, 2015 10:37am
AND THE WINNER FOR this months worse algo rythmic crapiest tradiing of the day award goes too ....
(Quick rustle whilst opens the Envelope) and yes the winner is

19th February .. (thats today btw)
  • #409,439
  • Feb 19, 2015 10:56am Feb 19, 2015 10:56am
Quoting Tom_D_Trader
{quote} Oh man that Oil is beeing mean. Edit: Totally confused cash flows here. Nevertheless, Oil very mean.
read there was some hft flash crash or something too. lol
  • #409,440
  • Feb 19, 2015 10:58am Feb 19, 2015 10:58am
Quoting Spudforex
AND THE WINNER FOR this months worse algo rythmic crapiest tradiing of the day award goes too .... (Quick rustle whilst opens the Envelope) and yes the winner is 19th February .. (thats today btw)
correct. man, i feel bored and tired... maybe nap time (like elbert/gator always says)
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