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Cable Update (GBPUSD)

  • #412,061
  • Mar 20, 2015 10:07pm Mar 20, 2015 10:07pm
Quoting SigmaEnigma
Waiting for a breach through 1.500 and then I'm with Bones on this one: I think this might be going to the moon. I thought the opposite yesterday but after the performance today, I think the bulls have made their claim.
Whoa the moon lol, patience my friend, a nice bounce perhaps but it has some work to do for the moon , lets at least claim the next level then work on another etc etc . If it can get a few levels then maybe it can glimpse the moon again. Atm a second inside day on the daily stuck in the lower level. Sometimes these can peter out to nothing, with gbp there is apt to be a good false break one way or the other tho. Monthly chart the 50% mark of the trading range it has been in since start of 2009, which appears to have been used for decent support, price is now below , pretty solid looking candle right now. Raging bulls staking claims just may be bulls fighting for their life. Lets see where it closes. 4 hour chart, my self I am long from 4720 as stated in a previous post and I had orders filled at 4740 sometime today (couldnt be at cp today). I was hoping to be above 1.50 by end of today, we at least closed above the daily channel . That was based on the nice pop out of the 4 hour channel , the top of the channel was in area I had for support on the daily chart also , orders where placed scattered in the area of the retest, yellow x s are levels from my daily chart . By the end of the month should be little clearer how much the bulls spent .Have a great weekend all.
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  • #412,062
  • Mar 20, 2015 10:49pm Mar 20, 2015 10:49pm
Quoting GrowthHack
{quote} Hi, RobertCorey 1.5150 was final target this green line was the reason, next week's trading area marked if today's unemployment claims won't reject and down GU yesterday's FOMC's up spike {image}
I think its dificult to down below that doted line and yellow line so next week target is around that 123 area

https://charts.mql5.com/7/327/gbpusd...-limited-2.png
  • #412,063
  • Mar 21, 2015 1:08am Mar 21, 2015 1:08am
Quoting GrowthHack
{quote} I think its dificult to down below that doted line and yellow line so next week target is around that 123 area {image}
My thoughts exactly. I guess the up gap will appear at the opening of the market. Going to open a buy at 1.5000-1.5030 and stay long. Waiting for next week.

https://charts.mql5.com/7/328/gbpusd...apital-ltd.png
  • #412,064
  • Mar 21, 2015 2:57am Mar 21, 2015 2:57am
Seeing only D1 chart, seem forming flag. But next week continue price up then...i don't know
Try don't lose pants never...
  • #412,065
  • Mar 21, 2015 3:07am Mar 21, 2015 3:07am
Hi Digger ,I don't read it fighting for there life at all ,you are right inside candle ,break only confirms and monthly is bearish
+ side is we are in the extreme area of long term range
but don't you think many would be surprised at the failure for lower ,bearish candle in a downtrend
when it sold off lots were saying if that low goes etc the psychology of supprise is in bulls favor ,whilst there is nearly always healthy doubt left nine times out of ten in this case the form of upper wick on W1


Quoting digger1
{quote} Whoa the moon lol, patience my friend, a nice bounce perhaps but it has some work to do for the moon , lets at least claim the next level then work on another etc etc . If it can get a few levels then maybe it can glimpse the moon again. Atm a second inside day on the daily stuck in the lower level. Sometimes these can peter out to nothing, with gbp there is apt to be a good false break one way or the other tho. Monthly chart the 50% mark of the trading range it has been in since start of 2009, which appears to have been used for decent...
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXWeekly.png Size: 6 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,066
  • Mar 21, 2015 3:16am Mar 21, 2015 3:16am
hey Mr S ,thanks ,as always appreciate our chats I do like to know what your thinking


Quoting Mr. Scott
{quote} Hey Bones, March is the cruelest month. Nice charts. Wicks give it credence. Levels of interest there, structure hard to see but can see better on zoom. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,067
  • Mar 21, 2015 3:28am Mar 21, 2015 3:28am
a long wick would negate the continuation pattern we see as is 14951 is very important from monthly pov
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,068
  • Mar 21, 2015 3:38am Mar 21, 2015 3:38am
Hallow fellow traders am new in Forex and i would like too get to know more about this price action thing and something about circles trading can some help me.Thank you.
  • #412,069
  • Mar 21, 2015 4:29am Mar 21, 2015 4:29am
Quoting Bones
a long wick would negate the continuation pattern we see as is 14951 is very important from monthly pov {image}
Solid stuff and clearly something to think about. Yet, the monthly still has to close, right? If it closes like that or better hmmmm .... might be a swing long opportunity. Still inside this cable range price has been in for years. I have to look more into cable thread to develop my swing trading skills . I remember you telling me about trading these 1 or 2 k accounts to 20 kon some weeks of swings. Not so easy trading intraday haha Sometimes these possiblities come up, like last year. Shorting pound with very small positions could have already taken a small account some k up. These opportunities remain in the market, yet hidden most of the time like a lost ark
Fix up, trade sharp ...
  • #412,070
  • Mar 21, 2015 4:39am Mar 21, 2015 4:39am
it dose but weekly already saying to me reasonable wick will be there in some form ,

Quoting Hickson
{quote} Solid stuff and clearly something to think about. Yet, the monthly still has to close, right? If it closes like that or better hmmmm .... might be a swing long opportunity. Still inside this cable range price has been in for years. I have to look more into cable thread to develop my swing trading skills . I remember you telling me about trading these 1 or 2 k accounts to 20 kon some weeks of swings. Not so ea sy trading intraday haha Sometimes these possiblities come up, like last year. Shorting pound with very small positions could have...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,071
  • Mar 21, 2015 5:06am Mar 21, 2015 5:06am
Quoting Bones
Hi Digger ,I don't read it fighting for there life at all ,you are right inside candle ,break only confirms and monthly is bearish + side is we are in the extreme area of long term range but don't you think many would be surprised at the failure for lower ,bearish candle in a downtrend when it sold off lots were saying if that low goes etc the psychology of supprise is in bulls favor ,whilst there is nearly always healthy doubt left nine times out of ten in this case the form of upper wick on W1 {quote} {image}
Yes I agree many would be surprised. Many will be surprised no matter which way it goes tho The long wicks make it seem like there is some unfinished business at those areas for sure , top or bottom , There is some of those on the monthly- end of 2008 bottom side, Im hoping for your up side surprise well shouldn't say hoping- I had a set up going that way after short, short, short, lol
The post I quoted the poster had just turned from a bear to shooting for the moon in 48 hours or so . I was just saying a little patience was all, wish somebody would have stressed that more to me when I started years ago . Lets get a level or two 1st. Whats really changed . the latest rage for central banks is to talk their currencies down it seems . Feds done that by being a little more dovish than the market expected it would appear. Lets see how far it goes. Trade well man.
  • #412,072
  • Mar 21, 2015 5:24am Mar 21, 2015 5:24am
I'm wondering whats changed ,i wouldn't second guess whats coming at all,agree lets see what next

Quoting digger1
{quote} Yes I agree many would be surprised. Many will be surprised no matter which way it goes tho The long wicks make it seem like there is some unfinished business at those areas for sure , top or bottom , There is some of those on the monthly- end of 2008 bottom side, Im hoping for your up side surprise well shouldn't say hoping- I had a set up going that way after short, short, short, lol The post I quoted the poster had just turned from a bear to shooting for the moon in 48 hours or so . I was just saying a little patience was all, wish somebody...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,073
  • Mar 21, 2015 5:27am Mar 21, 2015 5:27am
also gbp jpy I see bullish doji in association with , strong move
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,074
  • Mar 21, 2015 5:28am Mar 21, 2015 5:28am
Quoting Bones
I'm wondering whats changed ,i wouldn't second guess whats coming at all,agree lets see what next {quote}
Got to run, have a great weekend man.
  • #412,075
  • Mar 21, 2015 5:29am Mar 21, 2015 5:29am
Quoting Bones
okey dokey {quote} {image}
I wish you all the best with you trades Bones

Trade what you see
Come with me if you want to live....
  • #412,076
  • Mar 21, 2015 5:32am Mar 21, 2015 5:32am
and me you IBB ,

Quoting Ill-b-back
{quote} I wish you all the best with you trades Bones Trade what you see
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,077
  • Mar 21, 2015 6:35am Mar 21, 2015 6:35am
Day chart upside scenario

https://charts.mql5.com/7/329/gbpusd...ts-limited.png
  • #412,078
  • Mar 21, 2015 8:14am Mar 21, 2015 8:14am
Quoting Bones
also gbp jpy I see bullish doji in association with , strong move {image} {image}
So we can talk on weekend, as have time. I posted these on Dragon Riders Thread as he is good man. Strong enough? I plan to go through crosses.....They can be in the right place and with the trend...

You know April is truly the cruelest month?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily321.jpg Size: 300 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #412,079
  • Mar 21, 2015 8:19am Mar 21, 2015 8:19am
Quoting Mr. Scott
{quote} So we can talk on weekend, as have time. I posted these on Dragon Riders Thread as he is good man. Strong enough? I plan to go through crosses.....They can be in the right place and with the trend... You know April is truly the cruelest month? {image}
Hi Mr. Scott, by which means?
Fix up, trade sharp ...
  • #412,080
  • Mar 21, 2015 8:23am Mar 21, 2015 8:23am
Quoting Hickson
{quote} Hi Mr. Scott, by which means?
Hey buddy,

Sorry, I speak in riddles sometimes?

APRIL is the cruellest month, breeding
Lilacs out of the dead land, mixing
Memory and desire, stirring
Dull roots with spring rain.
Winter kept us warm, covering
Earth in forgetful snow, feeding

I refer to monthly candle.
The world you desire can be won. It exists.. it is real.. it is possible..
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