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Cable Update (GBPUSD)

  • #421,821
  • Dec 21, 2015 7:52am Dec 21, 2015 7:52am
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Forex Learner
  • #421,822
  • Dec 21, 2015 9:05am Dec 21, 2015 9:05am
Techically still goes down, but in short term possibility in earning 150ticks in long possition. Fundamentals - dollar shoud be weaker.
RSI makes divergence
Long from Dec 17th
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  • #421,823
  • Dec 21, 2015 10:23am Dec 21, 2015 10:23am
This could turn out to be a double bottom. A continuation of the bearish trend will be confirmed only if it breaks below 1.4864. I still haven't closed my shorts but I'm waiting to see whether it there will be any signals for a move to the upside.
  • #421,824
  • Dec 21, 2015 11:43am Dec 21, 2015 11:43am
Very small range today NY and I could have managed it better especially a couple of trades that were in profit (+9pips or so) and then turned in a loss, anyway +15pips.
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Happy new year all.
  • #421,825
  • Dec 21, 2015 11:53am Dec 21, 2015 11:53am
this crappy seems really dead.............
Don't give up
  • #421,826
  • Dec 21, 2015 8:46pm Dec 21, 2015 8:46pm
waiting confirmation moving average tf m30 for 50 pip - 100 pip
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#Trade what you see and not what your think
  • #421,827
  • Dec 22, 2015 12:14am Dec 22, 2015 12:14am
GBPUSD trend change coming - Completing wave (b) of flat correction (4).
Buy at termination of ED wave c near 1.4750.
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Elliott Wave for optimum entry, exit and risk management of trades
  • #421,828
  • Dec 22, 2015 12:38am Dec 22, 2015 12:38am
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Quoting andoseg2
Sell opportunity @ 1.51 : {image}
It was ~ 3x reward

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Money moves the market, not an indicator.
  • #421,829
  • Dec 22, 2015 7:26am Dec 22, 2015 7:26am
lol cable is drunk... goes down along with greenback
  • #421,830
  • Dec 22, 2015 8:35am Dec 22, 2015 8:35am
Resistance EUR USD and EUR GBP 7400
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  • #421,831
  • Dec 22, 2015 9:11am Dec 22, 2015 9:11am
Quoting Dano12
Resistance EUR USD and EUR GBP 7400 {image}
Hey Dano, maybe you know the reason why GU is weak at the moment?
  • #421,832
  • Dec 22, 2015 9:58am Dec 22, 2015 9:58am
Quoting nixdem
lol cable is drunk... goes down along with greenback
  • #421,833
  • Dec 22, 2015 1:44pm Dec 22, 2015 1:44pm
Quoting nixdem
{quote} Hey Dano, maybe you know the reason why GU is weak at the moment?
See EUR GBP resistance test 7400 and correlation
  • #421,834
  • Dec 23, 2015 12:05am Dec 23, 2015 12:05am
Price looks like heading back to 1.4876.
  • #421,835
  • Dec 23, 2015 3:05am Dec 23, 2015 3:05am
I wish you all a jolly Merry Christmas and a happy New Year.

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  • #421,836
  • Dec 23, 2015 3:13am Dec 23, 2015 3:13am
Quoting fiborek
Techically still goes down, but in short term possibility in earning 150ticks in long possition. Fundamentals - dollar shoud be weaker. RSI makes divergence Long from Dec 17th {image}
GBPUSD seems unlikely to witness any major pull-back beyond 1.4870-80 support turned resistance area...
Still has the potential to continue drifting lower, possibly towards 1.4700 mark...
  • #421,837
  • Dec 23, 2015 3:14am Dec 23, 2015 3:14am
Quoting MJBhinder
Price looks like heading back to 1.4876.
I agree, it will probably reach that level but I doubt we'll see any major changes before the end of the holidays.
  • #421,838
  • Edited 3:46am Dec 23, 2015 3:16am | Edited 3:46am
will try this after data..
BuyStop : 48582 Tp : 48767 Sl : 48344
(edit - deleted this order.)
do not stand out in the open with gun ;stand in the bushes with knife..
  • #421,839
  • Dec 23, 2015 3:21am Dec 23, 2015 3:21am
and also for me.. 48311 is very important level..below this level i will wait to see 1,46933
and if keeps staying above this level (48311) will wait again for 1,49689
GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #421,840
  • Dec 23, 2015 4:12am Dec 23, 2015 4:12am
retest and test the broken support
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