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Cable Update (GBPUSD)

  • #417,301
  • Jul 20, 2015 7:08am Jul 20, 2015 7:08am
it is going to try 5600 again
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  • #417,302
  • Jul 20, 2015 7:12am Jul 20, 2015 7:12am
See if touch 1.5590 in next hour, if not. i place a mini to ride down.........
  • #417,303
  • Jul 20, 2015 7:13am Jul 20, 2015 7:13am
S/O - 10
There is no royal road to anything.
  • #417,304
  • Jul 20, 2015 8:07am Jul 20, 2015 8:07am
perfect thrusting candle on 1hr reaches 61.8% of the last 1hr swing down....big recovery from the fall so far today...wonder how the daily candle will close ? 5min shows where the resistance may turn to support on any re-test from above it ? EDIT: 76.4% of that swing at the pullback/recovery hi now with daily/monthly pivot there too.

best wishes
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it's all gone a bit........
  • #417,305
  • Jul 20, 2015 8:11am Jul 20, 2015 8:11am
its ranging bro. its 4 days range trading already.

u should get 50 to 100 pips every single day.
  • #417,306
  • Jul 20, 2015 8:14am Jul 20, 2015 8:14am
Quoting elbert3
it is going to try 5600 again{image}
right on the x thank you , where now ? in no mans land for now, wait and see the next, could be short, we have 5700 and 5400 ??
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  • #417,307
  • Jul 20, 2015 11:07pm Jul 20, 2015 11:07pm
morning 5584 might see soon pass that 5628, if 5584 holds then we look to take out 1st support 5537 ish,
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  • #417,308
  • Jul 21, 2015 12:33am Jul 21, 2015 12:33am
Any update for GU? Will it continue to go south?
  • #417,309
  • Jul 21, 2015 1:19am Jul 21, 2015 1:19am
Bearish daily candle yesterday on a subdued pip range.....lower rising trendline on 1hr/4hr holds on retest, not so the upper falling t/line on those t/f's which breaks as price goes north in last quick thrust. Minor Uk data at 0930am uk time

Is 5700 looking more likely than 5400 first ? technical commentary I am reading beginning to suggest that but who knows.

best wishes.
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it's all gone a bit........
  • #417,310
  • Jul 21, 2015 1:20am Jul 21, 2015 1:20am
Quoting mobben2009
Any update for GU? Will it continue to go south?
Am expecting new LL to be made today
  • #417,311
  • Jul 21, 2015 1:23am Jul 21, 2015 1:23am
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  • #417,312
  • Jul 21, 2015 1:34am Jul 21, 2015 1:34am
s>m, crsm up... buy mode... hang on... we'll fly... qqqqqqqqqqqqqqqqqq
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forex... like it, trade it and manage it... get your profit...!!!
  • #417,313
  • Jul 21, 2015 1:36am Jul 21, 2015 1:36am
http://www.fxstreet.com/news/forex-n...0-eefda94a0c40 interest rates will go up question before the Fed after the Fed or the same as the FED

game - who will start first FED or BOE
  • #417,314
  • Jul 21, 2015 1:49am Jul 21, 2015 1:49am
still bias downward, to break the trendline.
Had pending short order at 1.563 (green area)
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  • #417,315
  • Jul 21, 2015 1:55am Jul 21, 2015 1:55am
Quoting Hairi
still bias downward, to break the trendline. Had pending short order at 1.563 (green area) {image}
UP EUR USD, USD JPY down so probably GBP UP above
  • #417,316
  • Jul 21, 2015 2:00am Jul 21, 2015 2:00am
last 3 x 1hr candles have upper wicks longer than their bodies...significant ?

best wishes
it's all gone a bit........
  • #417,317
  • Jul 21, 2015 2:05am Jul 21, 2015 2:05am
Quoting Dano12
{quote} UP EUR USD, USD JPY down so probably GBP UP above
Yup. Higher probability, but I'm not long GU atm. But i had Sell order at 1.563
  • #417,318
  • Jul 21, 2015 2:45am Jul 21, 2015 2:45am
34 pip range so far this day...not even very many high probability trading opportunities on the lower t/f's.....just got to be patient...some follow thru south on those 3 x 1hr candles mentioned above...are we headed for yesterday's low or more ranging ? We've been ranging since last Wednesday now and the channel on 1hr is slightly declining.

best wishes.
it's all gone a bit........
  • #417,319
  • Jul 21, 2015 3:01am Jul 21, 2015 3:01am
v. bearish 1hr close and now lower rising 1hr/4hr trend line broken in run down...bids reported 5550, 5520 then strong at 5500 ?

best wishes
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it's all gone a bit........
  • #417,320
  • Jul 21, 2015 3:05am Jul 21, 2015 3:05am
Break and open below my technical trendline.
Downward bias.
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