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Cable Update (GBPUSD)

  • #419,661
  • Sep 23, 2015 8:16am Sep 23, 2015 8:16am
Quoting Devart
{quote} I really really hope that your prevision will be correct and we have reached the end of this bear movement
Of course, it'a game after all...
  • #419,662
  • Sep 23, 2015 8:18am Sep 23, 2015 8:18am
Quoting elbert3
{image} posted on saturday in Mr S, thread will it bounce
I damn hope in your prevision !!! I hope that we will not reach lower value of GbpUsd
  • #419,663
  • Sep 23, 2015 8:22am Sep 23, 2015 8:22am
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  • #419,664
  • Sep 23, 2015 8:27am Sep 23, 2015 8:27am
Quoting Devart
{quote} I damn hope in your prevision !!! I hope that we will not reach lower value of GbpUsd
flipped at 161 target 5300 to 5460 5460 , sl open there is a lower tl at 5210 i would think might have to juggle around here on the lower times or possible hedge, see , it goes ,
  • #419,665
  • Sep 23, 2015 8:39am Sep 23, 2015 8:39am
the low is very important for bulls ,much harsher than expected for me its better to wait than guess ,at mo traders making most of range conditions
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,666
  • Sep 23, 2015 9:10am Sep 23, 2015 9:10am
eur still going up target 1313 come on gb
  • #419,667
  • Sep 23, 2015 9:14am Sep 23, 2015 9:14am
There is a bearish trend developing on USD/GBP pair.
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  • #419,668
  • Sep 23, 2015 9:18am Sep 23, 2015 9:18am
151 700 support level below the current price action according to my daily chart.
Attached Image (click to enlarge)
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  • #419,669
  • Sep 23, 2015 9:24am Sep 23, 2015 9:24am
The 4 hr shows price resting at the 50 percent level.
Heiken ashi is not confirming to buy neither is the Ichimoko.

Support shows 151 700 still.
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  • #419,670
  • Sep 23, 2015 9:28am Sep 23, 2015 9:28am
Quoting dean1star
151 700 support level below the current price action according to my daily chart. {image}
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big picture on the day,, 1 bounce here 2 fake out to 61% 3, say good night longs to the next tl down ,?? what do you think
  • #419,671
  • Sep 23, 2015 9:32am Sep 23, 2015 9:32am
Quoting elbert3
{quote} {image} big picture on the day,, 1 bounce here 2 fake out to 61% 3, say good night longs to the next tl down ,?? what do you think
152 would be a great place to buy again.
or 61.8 fibs on the 4 hour chart with a 100 pip stop loss.
  • #419,672
  • Sep 23, 2015 9:36am Sep 23, 2015 9:36am
Quoting dean1star
{quote} 152 would be a great place to buy again.
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ext, if i have it right 100% is the bottom ????
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if you look at my picture box that target has been there sins HDA left
  • #419,673
  • Sep 23, 2015 9:44am Sep 23, 2015 9:44am
Quoting elbert3
eur still going up target 1313 come on gb
lol
  • #419,674
  • Sep 23, 2015 10:12am Sep 23, 2015 10:12am
Quoting elbert3
{quote} {image} ext, if i have it right 100% is the bottom ????{image} if you look at my picture box that target has been there sins HDA left
Indeed and it does logically seem that 151 is a realistic option looking into the weekly chart. My personal take would be a 100 pip stoploss on 151 700 but again price action surrounding the price will definately decide.
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  • #419,675
  • Sep 23, 2015 12:07pm Sep 23, 2015 12:07pm
I think that the pair is going to record another bottom this week, waiting for the US data in Friday.
  • #419,676
  • Edited 1:19pm Sep 23, 2015 1:16pm | Edited 1:19pm
Quoting digger1
{quote}There is always a correction some where lol, It is much cheaper to let let some one elses money show you where . Cable had a nice run up last quarter, this quarter not so much , spent a good deal of time bouncing between the quarterly open and the pivot poked thru the yearly average (yellow) couldnt quite get to the 200 average Red, couldnt sustain anything above the open , weekly close below the pivot last week kinda started the train moving . I use camarilla pivots you get a close below L3 they have a decent percentage rate of making...
Hi Digger,

Hope everything is well.

Still possible to reach QL4, also the formation tool shows price could possible end there.
Wondering if we get there before the end of this quarter.
We will see what market decides.

Have a good one.

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  • #419,677
  • Sep 23, 2015 1:23pm Sep 23, 2015 1:23pm
Quoting nixdem
{quote} Hi, Dano12! Could you provide some comments for charts? Sorry if this suppose to be self-explanatory. I just don't get where the price will move next.
http://www.forexfactory.com/showthre...91#post8504991 was the comment SHS
  • #419,678
  • Sep 23, 2015 1:55pm Sep 23, 2015 1:55pm
another HEAVY short here, too easy!
  • #419,679
  • Sep 23, 2015 2:11pm Sep 23, 2015 2:11pm
support next option of the equality of wave 1: 1
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  • #419,680
  • Sep 23, 2015 2:47pm Sep 23, 2015 2:47pm
GBP/CAD/AUD/NZD all fall, market pre-run Yellen's speech tomorrow?

EUR is on its own, which is quite usual
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