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Cable Update (GBPUSD)

  • #422,081
  • Edited 6:11am Jan 10, 2016 5:16am | Edited 6:11am
Cable will fail deeper, don't buy this paper for a while unless you have big equity.
  • #422,082
  • Jan 10, 2016 4:57pm Jan 10, 2016 4:57pm
This may be a place to go long on GBPUSD TONIGHT 14505
  • #422,083
  • Jan 10, 2016 5:34pm Jan 10, 2016 5:34pm
I'm going to wait a while for cable to find it's feet this week. Very neutral commentary over the weekend and the timeframes are showing conflicting directions at the moment. I'm going to stay on the sidelines until the direction makes itself known.

Status - watching with intent.
  • #422,084
  • Jan 10, 2016 11:45pm Jan 10, 2016 11:45pm
The gbp remains bearish until we get a double bottom on the daily chart .
clasgolf
  • #422,085
  • Jan 10, 2016 11:49pm Jan 10, 2016 11:49pm
Sell Gbp/Jpy @ 170.20
clasgolf
  • #422,086
  • Jan 11, 2016 3:16am Jan 11, 2016 3:16am
Quoting Michigan
This may be a place to go long on GBPUSD TONIGHT 14505
  • #422,087
  • Jan 11, 2016 5:06am Jan 11, 2016 5:06am
AUD USD correlation with GBP USD
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  • #422,088
  • Jan 11, 2016 5:30am Jan 11, 2016 5:30am
Attached Image (click to enlarge)
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  • #422,089
  • Jan 11, 2016 7:45am Jan 11, 2016 7:45am
1H resistance zone,
hope it goes further north

cheers
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  • #422,090
  • Jan 11, 2016 8:15am Jan 11, 2016 8:15am
I'm waiting to see whether it will break above 1.4600. If it does I might open longs.
  • #422,091
  • Jan 11, 2016 8:20am Jan 11, 2016 8:20am
Quoting openyoureyes
1H resistance zone, hope it goes further north cheers {image}
Hi Could I have this indicator pls?
  • #422,092
  • Jan 11, 2016 8:54am Jan 11, 2016 8:54am
Quoting Barca
{quote} Hi Could I have this indicator pls?
which one?
no news + no data release = low volume
...
PA reversal = no breakout
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  • #422,093
  • Jan 11, 2016 10:13am Jan 11, 2016 10:13am
Who did say low volatility, no news, nothing is moving... +33pips
  • #422,094
  • Edited 11:16am Jan 11, 2016 10:14am | Edited 11:16am
Who did say low volatility, no news, nothing is moving... +33pips
Attached Image (click to enlarge)
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EDIT:
I don't know why it wrote two posts.

Sometimes also market goes against me, here it is..but hey now it's +35pips
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Alex
  • #422,095
  • Jan 11, 2016 4:17pm Jan 11, 2016 4:17pm
Cable still short. No mans land. Next support 1.42
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HumbleTraders
  • #422,096
  • Jan 11, 2016 5:01pm Jan 11, 2016 5:01pm
1.35XX next target for GU.
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Money never sleeps I can hear the dollar calling me
  • #422,097
  • Jan 11, 2016 5:05pm Jan 11, 2016 5:05pm
Targets-wise, my charts say --

Nearer term - 1.44676, reducing to 1.43346
Longer term - 1.43346, reducing to 1.42080

I'll reassess as/when these are taken out.
  • #422,098
  • Jan 11, 2016 5:20pm Jan 11, 2016 5:20pm
Quoting shivam332
1.35XX next target for GU. {image}
Aren't you selling support at this level?
I would wait for pullback first. This market is very oversold at the minute.
HumbleTraders
  • #422,099
  • Jan 11, 2016 5:43pm Jan 11, 2016 5:43pm
Quoting gfscapital
{quote} Aren't you selling support at this level? I would wait for pullback first. This market is very oversold at the minute.
Please check daily chart buddy. Support already broken I might be wrong on this trade and theres nothing like oversold and overbought. OS and OB is just another myth..
Money never sleeps I can hear the dollar calling me
  • #422,100
  • Jan 11, 2016 5:43pm Jan 11, 2016 5:43pm
Quoting gfscapital
{quote} Aren't you selling support at this level? I would wait for pullback first. This market is very oversold at the minute.
The shorter term charts (<daily) suggest there's more to fall before a pull back. Where does your analysis suggest it might occur?
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