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Cable Update (GBPUSD)

  • #410,321
  • Feb 25, 2015 8:26pm Feb 25, 2015 8:26pm
Quoting srt
{quote} Could be. I have 1.5540 as the key area of breakdown. {image}
Could happen between 1.5540~1.5600. Really depends on what the bulls are feeling like. Just sit back and watch it out. While you may lose profit by waiting, at least you don't lose money that you already own.
  • #410,322
  • Feb 25, 2015 8:50pm Feb 25, 2015 8:50pm
Quoting srt
{quote} Could be. I have 1.5540 as the key area of breakdown. {image}
Reason why I chose this level is pointed out here by the arrow sign, I was really thinking week+ ago it would rally to this point, or at least that it was possible as the topping out level, Shorted too early, but that's the usual, can't expect to get tops and bottoms, I'm sticking with trend. I'm going to place sell orders at those levels. Good luck, may the green pips be with us shorts in weeks to come ​
Ps: Looks like 5590 - 5620 will be an area of sell interest, if it doesn't just go up a million pips that is and go into a bull market
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  • #410,323
  • Feb 25, 2015 9:03pm Feb 25, 2015 9:03pm
Quoting Ck87
{quote} Reason why I chose this level is pointed out here by the arrow sign, I was really thinking week+ ago it would rally to this point, or at least that it was possible as the topping out level, Shorted too early, but that's the usual, can't expect to get tops and bottoms, I'm sticking with trend. I'm going to place sell orders at those levels. Good luck, may the green pips be with us shorts in weeks to come ​ Ps: Looks like 5590 - 5620 will be an area of sell interest, if it doesn't just go up a million pips that is and go into...
Yes, a possibility.
If you remove the cloud & just look @ your 34EMA ribbon, it's above so in an uptrend.
Looking @ your cloud, notice where the flat part on top is where price just broke above. Right near 1.5540, showing that as resistance:-)
  • #410,324
  • Feb 25, 2015 9:37pm Feb 25, 2015 9:37pm
Quoting Ck87
{quote} Reason why I chose this level is pointed out here by the arrow sign, I was really thinking week+ ago it would rally to this point, or at least that it was possible as the topping out level, Shorted too early, but that's the usual, can't expect to get tops and bottoms, I'm sticking with trend. I'm going to place sell orders at those levels. Good luck, may the green pips be with us shorts in weeks to come ​ Ps: Looks like 5590 - 5620 will be an area of sell interest, if it doesn't just go up a million pips that is and go into...
Agree.
Have 1.5620 as next resistance.
  • #410,325
  • Feb 25, 2015 11:45pm Feb 25, 2015 11:45pm
GU AB=CD H1
There is no strong rejection at 1.555
I am sceptical GU will go down.
Will see what happen in London session.
  • #410,326
  • Feb 25, 2015 11:51pm Feb 25, 2015 11:51pm
2nd & good signal for reversal done with breaks 5540 , bull can be happy with this achievements & confirmation should start with 5619 & other key levels but correction also due before the same & so no long new taking , looking only short term shorts before or at 5619 for 5370\5223 apparently. .
lets see.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #410,327
  • Feb 25, 2015 11:52pm Feb 25, 2015 11:52pm
Quoting Idkurv
GU AB=CD H1 There is no strong rejection at 1.555 but I am sceptical GU will go down. Will see what happen in London session.
Think London will be fine. Will close before US data!
  • #410,328
  • Feb 26, 2015 12:17am Feb 26, 2015 12:17am
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pull back ??? If support holds then breakout of the first bull trend up, but i think range for a while ,, the longer the range the higher it will go ,
  • #410,329
  • Feb 26, 2015 12:20am Feb 26, 2015 12:20am
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the day still has space in the channel so 5610 ish should be on the cards,, gain if range sideways then bigger move up
  • #410,330
  • Feb 26, 2015 12:26am Feb 26, 2015 12:26am
Quoting elbert3
{image}pull back ??? If support holds then breakout of the first bull trend up, but i think range for a while ,, the longer the range the higher it will go ,
Hi Billy the pair rallied above yesterday's high of 5537 and pulled back as 5553 looks uptrend resistance!!!!
  • #410,331
  • Feb 26, 2015 12:40am Feb 26, 2015 12:40am
Its another wonderfull day .. SELL third and final ..
and .. TAXI - (raises hand) to the airport pls ..
3 weeks of filming makes the trading so worth while .. lol
and Elbert mind those crumpets .. outta here lol
  • #410,332
  • Feb 26, 2015 12:45am Feb 26, 2015 12:45am
Quoting Dr.Zain
{quote} Hi Billy the pair rallied above yesterday's high of 5537 and pulled back as 5553 looks uptrend resistance!!!!
morning, Dr ,,Spud,, sell could see the bottom tl,, 5510.00 are buy the dip,
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support 5532 also
  • #410,333
  • Feb 26, 2015 12:51am Feb 26, 2015 12:51am
Bearish pin bar at h1 and h4.
Bearish divergence h1

If I follow my usual strategy, I will short.

but am not comfy to short.. hm..
  • #410,334
  • Feb 26, 2015 12:52am Feb 26, 2015 12:52am
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ranges are smaller ,, if it break below then buy the next support to the top 5610 i think
  • #410,335
  • Feb 26, 2015 12:58am Feb 26, 2015 12:58am
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this is the picture on my wall i have its been there 2 months ,,would that be good ??
  • #410,336
  • Feb 26, 2015 1:00am Feb 26, 2015 1:00am
Quoting elbert3
{image} this is the picture on my wall i have its been there 2 months ,,would that be good ??

You believe price is headed toward your long, colored rectangle?
  • #410,337
  • Feb 26, 2015 1:07am Feb 26, 2015 1:07am
Quoting notsocasual
{quote} You believe price is headed toward your long, colored rectangle?
i think so we can only offer opinions i will be watching for any breakout below any lines i draw 54500 and above i would say for keeping it long,, how do you see it ,, i dont trade long term ,, just in and out as i feel any moves ,,regards E ps 5473 is the 23% fib number from the top 1700 area
  • #410,338
  • Feb 26, 2015 1:11am Feb 26, 2015 1:11am
Quoting elbert3
{quote} i think so we can only offer opinions i will be watching for any breakout below any lines i draw 54500 and above i would say for keeping it long,, how do you see it ,, i dont trade long term ,, just in and out as i feel any moves ,,regards E
Boy, it is tough, isn't it? I use Elliott Wave Theory, and I believe we finished waves 1 short (sept '14), 2 long (sept '14), 3 short (early Jan '15), and are just about done with 4 long to end our correction and then we're headed short for new lows. However, and full disclaimer, that count does NOT help me as I have a long that I held instead of cutting long ago.
  • #410,339
  • Feb 26, 2015 1:16am Feb 26, 2015 1:16am
Quoting Spudforex
Its another wonderfull day .. SELL third and final .. and .. TAXI - (raises hand) to the airport pls .. 3 weeks of filming makes the trading so worth while .. lol and Elbert mind those crumpets .. outta here lol
off to jersey too this afternoon, wife in bed hence the chats early before she gets up,,, you know the story,,lol have a good time where ever you may end up,,
  • #410,340
  • Feb 26, 2015 1:20am Feb 26, 2015 1:20am
Quoting elbert3
{quote} off to jersey too this afternoon, wife in bed hence the chats early before she gets up,,, you know the story,,lol have a good time where ever you may end up,,
thanks E .. yes ITALIA
First stop Roma ..
nicest babes on the alitalia flights know what i mean .. catch u in a few days and E pls stay away from those neigbours parties whilst your away too lol .. knwo what i mean hombre
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