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Cable Update (GBPUSD)

  • #409,661
  • Feb 20, 2015 10:29pm Feb 20, 2015 10:29pm
next week's first target marked in blue at 4h chart its 100 pips up and down side

https://charts.mql5.com/7/70/gbpusd-...ts-limited.png
  • #409,662
  • Feb 20, 2015 11:55pm Feb 20, 2015 11:55pm
My view of GU
-------------------
Main trend clearly bear.
Previous area of support now acting as resistance.
Price has been hovering at the resistance area for about a week and failed to break through.
When it becomes more clear that price is going to turn at this level I plan to enter short and place my stop above the resistance area.
Possible targets include the previous low.

*NOTE - The weekly chart reveals that the previous low is a major support area. If the short fails and price breaks out. It could possibly signal a long term trend change.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot from 2015-02-21 02:24:27.png Size: 45 KB
Click to Enlarge Name: Screenshot from 2015-02-21 02:24:02.png Size: 45 KB
  • #409,663
  • Feb 21, 2015 12:52am Feb 21, 2015 12:52am
R we still going long or not?
  • #409,664
  • Feb 21, 2015 2:35am Feb 21, 2015 2:35am
do you guys see a spinning top in weekly chart in addition to broken wedge in h1 and doji candle in 12h?
could it mean that we had topped at 15479?

see my opinion

https://www.tradingview.com/x/nNiCphON/

maybe we are going to test 14950?
  • #409,665
  • Feb 21, 2015 4:02am Feb 21, 2015 4:02am
Quoting danndc
do you guys see a spinning top in weekly chart in addition to broken wedge in h1 and doji candle in 12h? could it mean that we had topped at 15479? see my opinion https://www.tradingview.com/x/nNiCphON/ maybe we are going to test 14950?
Well perhaps if it is to be taken lower then they might just take it a bit higher to make more profit before taking it lower ..
Why start a down move now when u can take it higher and then start it ..
  • #409,666
  • Feb 21, 2015 4:43am Feb 21, 2015 4:43am
50 pips first target in 1 h see yellow average trend lines

https://charts.mql5.com/7/72/gbpusd-...-limited-2.png
  • #409,667
  • Feb 21, 2015 5:27am Feb 21, 2015 5:27am
a close next week below 5350 area to round out the month would be quite bearish I think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly1.png Size: 33 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 35 KB
Come with me if you want to live....
  • #409,668
  • Feb 21, 2015 5:40am Feb 21, 2015 5:40am
Quoting Ill-b-back
{quote} Well only just, but if I was anymore of a lightweight I WOULD be on DEMO {image}
Sorry for the way it sounded but most are shorting and i am working into a big long move ,, post some charts later when the wife is out,,lol
  • #409,669
  • Feb 21, 2015 5:42am Feb 21, 2015 5:42am
Quoting Ill-b-back
a close next week below 5350 area to round out the month would be quite bearish I think {image} {image}
range now and it is possible to use the bottom tl as a new top tl,,now there's a thought ,,????
  • #409,670
  • Feb 21, 2015 5:44am Feb 21, 2015 5:44am
Quoting GrowthHack
Trading range for next week in day chart {image}
Morning what do you think ??
Attached Image (click to enlarge)
Click to Enlarge Name: d.png Size: 72 KB
this one fail to contact with the bottom tl which true break out would of done ,, you see me post them and it works,, but now we are back in the trend it came out off,,??
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 69 KB
  • #409,671
  • Feb 21, 2015 5:48am Feb 21, 2015 5:48am
Quoting elbert3
{quote} range now and it is possible to use the bottom tl as a new top tl,,now there's a thought ,,????
Yes, Earlier today I posted a possible move to 1.58 to retest the broken monthly channel
Come with me if you want to live....
  • #409,672
  • Feb 21, 2015 5:59am Feb 21, 2015 5:59am
But I've started working more with Pitchfork Channels on higher TF's.

Not saying it can't go up more, I'm just building shorts on approach to swing points

approaching 11pm here and I'm up early tomorrow for church

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 43 KB
Come with me if you want to live....
  • #409,673
  • Feb 21, 2015 6:06am Feb 21, 2015 6:06am
I like the neat daily dance about the midline.

This is NOT human trading.

Off to bed.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 29 KB
Come with me if you want to live....
  • #409,674
  • Feb 21, 2015 6:49am Feb 21, 2015 6:49am
Quoting Spudforex
{quote} Well perhaps if it is to be taken lower then they might just take it a bit higher to make more profit before taking it lower .. Why start a down move now when u can take it higher and then start it ..

hi spud, maybe they have already taken it from 15479 and 15460 and they don't need to go higher to make more profit.

just making people think they will go up and burn them by making it fall apart
  • #409,675
  • Feb 21, 2015 6:58am Feb 21, 2015 6:58am
Quoting Ill-b-back
But I've started working more with Pitchfork Channels on higher TF's. Not saying it can't go up more, I'm just building shorts on approach to swing points approaching 11pm here and I'm up early tomorrow for church {image}
Look at your chart,, from the right the third low,, forget what you see in front, put a card just in front of that and move it to the right,, watch the price move up,, then look at the pattern again tell me what you see is possible again draw a line on the last low back to that third one and forget the middle low,, your out look might seem different,,,not saying that i am right but you will see the possibility ,, if that is clear ,,
  • #409,676
  • Feb 21, 2015 7:04am Feb 21, 2015 7:04am
Quoting Ill-b-back
But I've started working more with Pitchfork Channels on higher TF's. Not saying it can't go up more, I'm just building shorts on approach to swing points approaching 11pm here and I'm up early tomorrow for church {image}
at least u can trade..im sitting on da bench
make some money for meh bra!!
  • #409,677
  • Feb 21, 2015 7:07am Feb 21, 2015 7:07am
Quoting elbert3
{quote} Look at your chart,, from the right the third low,, forget what you see in front, put a card just in front of that and move it to the right,, watch the price move up,, then look at the pattern again tell me what you see is possible again draw a line on the last low back to that third one and forget the middle low,, your out look might seem different,,,not saying that i am right but you will see the possibility ,, if that is clear ,,
Hey B,

How you doing? Not clear to me, what you looking for? I try not to be caveman, and maybe post new chart?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #409,678
  • Feb 21, 2015 7:50am Feb 21, 2015 7:50am
Quoting elbert3
{quote} Morning what do you think ??{image} this one fail to contact with the bottom tl which true break out would of done ,, you see me post them and it works,, but now we are back in the trend it came out off,,?? {image}
i think ur 30 min chart not loaded
  • #409,679
  • Feb 21, 2015 7:56am Feb 21, 2015 7:56am
My view remains same until proven different ,ideal situ is pull back and confirm lower line somewhere , I'm drawing it like this with monthly in mind ,theres time to do it and close above 50% previous ,15200 would be a tough cookie from that location this month ,min I expect inverted hammer monthly ,
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #409,680
  • Feb 21, 2015 8:01am Feb 21, 2015 8:01am
perfect doji cross ,with res to top ,but support to bottom ,rock and hard place


Quoting Bones
weekly I think bearish doji of some kind ,with power of pullback poss ,wedge I feel is a trick as something major bearish , {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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