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Cable Update (GBPUSD)

  • #419,921
  • Oct 1, 2015 4:30am Oct 1, 2015 4:30am
I see no signals to buy. Why to buy? No signals that trend has changed. Only sell and sell and sell. I will start to buy only when it will hit 5300. When it will hit that level that will mean change of trend. And wait little correction and open longs. Now only sell to 4900. I think october will be dramatic for pound it could back to 4560 again.
  • #419,922
  • Oct 1, 2015 5:41am Oct 1, 2015 5:41am
ok ,its a better post
for me I highly doubt under 1.4800 ,the bears at this point have not achieved anything new ,the $ is the key which currently sits at extreme res
probability says to me you could easy see your entry or close , if you took it as you said
before ,1.4758(1.61 fibo)
im sure your quote me

Quoting edyraper
{quote} I guess you are saying : I am just sharing some levels and I have nothing to backup my opinions/levels no reasons for those levels , you are right in my opinion no resons : 1.5817 high to 1.5164 low , pulled back to 1.5660~(23 fibo) and now targetting 1.4758(1.61 fibo) also nice bearish week close(last week) , bearish july , august , september supporting my bearish over view.... I trade fibo levels if you count this reason , I'm not good at fundementals but as I see carney caring much more in climate changes rather than hiking rates(that...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,923
  • Oct 1, 2015 6:05am Oct 1, 2015 6:05am
Quoting Bones
ok ,its a better post for me I highly doubt under 1.4800 ,the bears at this point have not achieved anything new ,the $ is the key which currently sits at extreme res probability says to me you could easy see your entry or close , if you took it as you said before ,1.4758(1.61 fibo) im sure your quote me {quote}
may I ask why you are not expacting under 1.48 , or which time frame make you to ignore below 1.48 ?
  • #419,924
  • Oct 1, 2015 6:22am Oct 1, 2015 6:22am
I'm looking at the Q ,ok not as clear as you'd like ,just I'm thinking the outside which I admit is unusual for the chart , is the controlling candle medium term ,
outside candles often retrace

Quoting edyraper
{quote} may I ask why you are not expacting under 1.48 , or which time frame make you to ignore below 1.48 ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,925
  • Oct 1, 2015 6:31am Oct 1, 2015 6:31am
so the monthly could be inverted hammer ,but I wouldn't like it to go much below ,besides I'm waiting D1,poss w1 if bears can confirm
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #419,926
  • Oct 1, 2015 6:38am Oct 1, 2015 6:38am
Quoting Bones
I'm looking at the Q ,ok not as clear as you'd like ,just I'm thinking the outside which I admit is unusual for the chart , is the controlling candle medium term , outside candles often retrace {quote} {image}
I don't understand Q , nothing to say here from my side . , Personally will look to taking longs around 1.50 we may see some pull back after dropping +600 pips maybe up 300 pips(1.53) 1.50~ worth a try ...
  • #419,927
  • Oct 1, 2015 7:11am Oct 1, 2015 7:11am
Might be compression towards a demand zone then srping up
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  • #419,928
  • Oct 1, 2015 8:12am Oct 1, 2015 8:12am
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  • #419,929
  • Oct 1, 2015 8:33am Oct 1, 2015 8:33am
5176 watch best today hope 5220 ish news 26 mins thou
  • #419,930
  • Oct 1, 2015 8:58am Oct 1, 2015 8:58am
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???
  • #419,931
  • Oct 1, 2015 9:11am Oct 1, 2015 9:11am
Quoting elbert3
{image} ???
It is possible for NFP to go sour tomorrow, isn't it?
  • #419,932
  • Oct 1, 2015 9:18am Oct 1, 2015 9:18am
Quoting Darkforce
{quote} It is possible for NFP to go sour tomorrow, isn't it?
its like a bucking bronco buy 5154
  • #419,933
  • Oct 1, 2015 10:03am Oct 1, 2015 10:03am
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mmm down again??
  • #419,934
  • Oct 1, 2015 10:26am Oct 1, 2015 10:26am
Quoting elbert3
5176 watch best today hope 5220 ish news 26 mins thou
  • #419,935
  • Oct 1, 2015 12:06pm Oct 1, 2015 12:06pm
have so many shorts on GU atm , targetting at least 5086 will give-up above 5240
  • #419,936
  • Oct 1, 2015 12:41pm Oct 1, 2015 12:41pm
Similarity expose.manipulation
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  • #419,937
  • Oct 1, 2015 4:30pm Oct 1, 2015 4:30pm
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db and doji, up or still down
  • #419,938
  • Oct 1, 2015 4:34pm Oct 1, 2015 4:34pm
Quoting elbert3
{image} db and doji, up or still down
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lets see 1 min chart
  • #419,939
  • Oct 1, 2015 5:47pm Oct 1, 2015 5:47pm
I'm going to try a small long tomorrow from 1.5090 hoping to get 150pips and sl 50pips
  • #419,940
  • Oct 1, 2015 6:23pm Oct 1, 2015 6:23pm
GBP/USD is at a unique position. Price is inside the Support Zone. Below yesterday's low we have solid support. Yesterday was an inside day and Doji (indecision candle). With NFP coming in the next few hours, it becomes difficult to forecast how today will turn out.

The daily range yesterday was only 73 pips (High 1.5179 , Low 1.5106), so we are consolidating to explode soon...

Because trading is a probabilities business and we can only forecast with the information that is available, I am looking for longs here with a stop-loss under Support Zone's low.
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