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Cable Update (GBPUSD)

  • #420,801
  • Oct 22, 2015 3:31pm Oct 22, 2015 3:31pm
Quoting Bones
I made the term up , {quote}
Yeah thought so.
The only google reference I could find about the term "hybrid TLs'" were those associated with that car manufacturer we all know and trust

Volkswagen
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  • #420,802
  • Oct 22, 2015 3:41pm Oct 22, 2015 3:41pm
Although I think a daily close above the descending hybrid off 38.2 fib support would be bullish I think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 38 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 39 KB
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  • #420,803
  • Oct 22, 2015 3:42pm Oct 22, 2015 3:42pm
lol ,I'm trying to be helpful as usual ,all depends how you take

Quoting Ill-b-back
{quote} Yeah thought so. The only google reference I could find about the term "hybrid TLs'" were those associated with that car manufacturer we all know and trust Volkswagen
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #420,804
  • Oct 22, 2015 3:50pm Oct 22, 2015 3:50pm
Quoting Bones
lol ,I'm trying to be helpful as usual ,all depends how you take {quote}
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  • #420,805
  • Oct 22, 2015 4:26pm Oct 22, 2015 4:26pm
Quoting Bones
minus 500 pip {image}
Yep, heck of a stick there. Been a nice run and there's more to it me thinks. Not unlike GN when she first started going not so long ago.

http://www.forexfactory.com/showthre...39#post8498639
Ghost Rider - WWTBMD?
  • #420,806
  • Oct 22, 2015 9:47pm Oct 22, 2015 9:47pm
Quoting Bones
cable ,not that clear to me ,maybe not as you'd think ,if you want to make up technical analysis ,by drawing tls ,the options are limitless {image}
it is always a mystery what this pair has in store for us. yesterday got up to 5508 and then down to 5368. wtf. range - 140 pips. I think there is still some drama left for the week. I can see that eur/gbp is holding 7200 inspite of extreme bearishness. must be something going on.
  • #420,807
  • Oct 22, 2015 11:10pm Oct 22, 2015 11:10pm
if 1.5410 level hold, then a big pull back is going to happen... just my view
  • #420,808
  • Oct 23, 2015 12:35am Oct 23, 2015 12:35am
I still think we are going up soon, see how today pans out but its pulled its self back up to 60EMA which is yet another signal for me to keep saying up when the bloody pair is going down...

I left euro alone, but now im in on mostly all pairs... huge moves euro yesterday.
Attached Image (click to enlarge)
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  • #420,809
  • Oct 23, 2015 1:33am Oct 23, 2015 1:33am
153 800 buy.
  • #420,810
  • Oct 23, 2015 2:43am Oct 23, 2015 2:43am
looks like 5354 next
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  • #420,811
  • Oct 23, 2015 2:48am Oct 23, 2015 2:48am
The battle lines set at 1.5414. It is the high of today, the open of yesterday, the low of the previous day.
Gone to a better place
  • #420,812
  • Oct 23, 2015 2:59am Oct 23, 2015 2:59am
Quoting smikester
The battle lines set at 1.5414. It is the high of today, the open of yesterday, the low of the previous day.
i see. as far as I can see anything above 5410 is bullish for today. break of 1.5382 is bearish. In between is noise and its getting louder. GBP did not react at all to euro yesterday. euro data is much better than the retail sales print. at some point catch up is going to happen
  • #420,813
  • Oct 23, 2015 3:01am Oct 23, 2015 3:01am
Hard to trade against yesterday's candle which engulfed and closed lower than the previous 5 days. But not a good day to trade, for me. Friday whipsaws often catch me out. I'm closing weak trades. The banks are doing the same.
Gone to a better place
  • #420,814
  • Oct 23, 2015 3:03am Oct 23, 2015 3:03am
Quoting smikester
Hard to trade against yesterday's candle which engulfed and closed lower than the previous 5 days. But not a good day to trade, for me. Friday whipsaws often catch me out. I'm closing weak trades. The banks are doing the same.
yesterday's hangover is catch me as well but I don't see big moves for this pair. it was barely saved yesterday at 5368. who and what will save it today??
  • #420,815
  • Oct 23, 2015 3:04am Oct 23, 2015 3:04am
Quoting smikester
Hard to trade against yesterday's candle which engulfed and closed lower than the previous 5 days. But not a good day to trade, for me. Friday whipsaws often catch me out. I'm closing weak trades. The banks are doing the same.
Depends on your decision to buy or sell, for me is a day successful enough yet
  • #420,816
  • Oct 23, 2015 3:08am Oct 23, 2015 3:08am
Quoting giveachance
{quote} i see. as far as I can see anything above 5410 is bullish for today. break of 1.5382 is bearish. In between is noise and its getting louder. GBP did not react at all to euro yesterday. euro data is much better than the retail sales print. at some point catch up is going to happen
Yes, so there is a good chance of Eur/Gbp reversing off this retest of September low of .7200.
Gone to a better place
  • #420,817
  • Oct 23, 2015 3:14am Oct 23, 2015 3:14am
Smikester, sorry haven't seen your previous posts, yesterday's trading discussion
  • #420,818
  • Oct 23, 2015 3:15am Oct 23, 2015 3:15am
Quoting Jonstaples
I'am looking to go short @ 1.54387 with a stop @ 1.5468 and a target @ 1.53757 so i'm in the waiting mode and UK retail sales is arond the corner. {image}
Target Reached 1.53757.
Thank You ECB yesterday .
  • #420,819
  • Oct 23, 2015 3:33am Oct 23, 2015 3:33am
Quoting smikester
{quote} Yes, so there is a good chance of Eur/Gbp reversing off this retest of September low of .7200.
how are your profits being lately?? I must admit I am currently having bad run of losing months. being trapped again and again. sometimes due to greed sometimes due to bad entries
  • #420,820
  • Oct 23, 2015 3:53am Oct 23, 2015 3:53am
support now resistance.
Next support below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 24 KB
Click to Enlarge Name: GBPUSDH4.png Size: 23 KB
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