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Cable Update (GBPUSD)

  • #422,001
  • Jan 7, 2016 1:28am Jan 7, 2016 1:28am
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
Quoting Ll1979
{quote} it triggers the mind still short on gpbjpy?
would be too much for my brain... espacially in the morning...

and noooooooo I am not anymore
Insanity: doing the same over and over again & expecting different results!
  • #422,002
  • Jan 7, 2016 2:51am Jan 7, 2016 2:51am
Quoting forexings
{quote} risky pound bear driven by some strange force. it doesn't even care any technical support. Can break by single touch
You absolutely right, the force is not on my side although it did not trigger my entry .
  • #422,003
  • Jan 7, 2016 2:54am Jan 7, 2016 2:54am
What happen to cable, keep sinking
  • #422,004
  • Jan 7, 2016 2:56am Jan 7, 2016 2:56am
global risks
=
JPY strentgh > USD strength
=
GBP weakness
  • #422,005
  • Edited 4:29am Jan 7, 2016 4:19am | Edited 4:29am
last year low has been taken out (and all the long-term stops right below it), making today the new low of the past 5 years or so.

And the market is pretty overstreched and oversold now, i say we can see some hundred pips bounce anytime soon.

Similar situation for US Oil.

Falling knifes!!! time to catch


Update:
No i'm not sarcastic, and no don't buy straight away, let's look for some kind of pattern or momentum game.
Maybe tomorrow nfp will be the game-change card
  • #422,006
  • Jan 7, 2016 5:10am Jan 7, 2016 5:10am
GbpUsd ===>
Sell Stop : 45598 / TP : 45213 / SL : 46031
do not stand out in the open with gun ;stand in the bushes with knife..
  • #422,007
  • Jan 7, 2016 5:14am Jan 7, 2016 5:14am
Quoting countdown
GbpUsd ===> Sell Stop : 45598 / TP : 45213 / SL : 46031
Shit currency, while Euro and CHF make gain again usd, this shit remain going south.....even with very good HPI data...
  • #422,008
  • Jan 7, 2016 5:19am Jan 7, 2016 5:19am
next area reached could go hard if broken
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persistence and determination alone are omnipotent
  • #422,009
  • Jan 7, 2016 5:19am Jan 7, 2016 5:19am
Soon there will be blood...
do not stand out in the open with gun ;stand in the bushes with knife..
  • #422,010
  • Jan 7, 2016 5:24am Jan 7, 2016 5:24am
Quoting countdown
Soon there will be blood...
With this kind of movement many blood already......
  • #422,011
  • Jan 7, 2016 5:24am Jan 7, 2016 5:24am
10year view in Monthly format using Murrey Maths
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  • #422,012
  • Jan 7, 2016 5:30am Jan 7, 2016 5:30am
I am not a fundamental guy but what is the most likely scenario in case of a brexit.
persistence and determination alone are omnipotent
  • #422,013
  • Jan 7, 2016 5:34am Jan 7, 2016 5:34am
1 year Daily view
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  • #422,014
  • Jan 7, 2016 5:56am Jan 7, 2016 5:56am
One for you D/t 5min view
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  • #422,015
  • Jan 7, 2016 6:09am Jan 7, 2016 6:09am
till the red trend line....???
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do not stand out in the open with gun ;stand in the bushes with knife..
  • #422,016
  • Jan 7, 2016 6:25am Jan 7, 2016 6:25am
zyg zag 1:1
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  • #422,017
  • Jan 7, 2016 6:33am Jan 7, 2016 6:33am
Quoting Kajos2250
GU H4 GMT+2 has been not enught bulls yet, preparing for IB BO sell stop .4647. invalidation, daily close above ~4750. targeting ~4500 maybe YPS1 ~4225... good luck! {image}
GU H4 GMT+2

bearish IB BO again validated by bearish belt hold.
sell limit .4596.
invalidation, daily close above ~4670...
take some book ~4500.
gravity to YPS1 ~4225...

good luck!
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Anything is math!
  • #422,018
  • Jan 7, 2016 7:19am Jan 7, 2016 7:19am
Quoting Ll1979
I am not a fundamental guy but what is the most likely scenario in case of a brexit.
If the UK leaves the EU, at least in the short term, it will mean a huge devaluation in the pound.
  • #422,019
  • Jan 7, 2016 8:01am Jan 7, 2016 8:01am
mmm looking good so far on the 5 min , lets see if poss doji on the 4 hour,, 2 hours away yet thou , 4567, and i like numbers that some what match, to 5678 ??? only my opinion
  • #422,020
  • Jan 7, 2016 9:22am Jan 7, 2016 9:22am
1st line resistance 4602 over the 4622
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