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Cable Update (GBPUSD)

Quoting elbert3
{quote} careful just give it a couple of pips ??
strange candles on the 5 min chart , were the big boys clearing positions ?? 4458 might be poss tight sl if going long
Quoting elbert3
{quote} strange candles on the 5 min chart , were the big boys clearing positions ?? 4458 might be poss tight sl if going long
4322 looks to be any short target i would say , if it fails
H4 candle interesting.

I'll prepare for some short term long positions. Not looking for much as the pound is worthless until the FED admit that they're not going to rise rates again in March. Then there will be a rally.
http://news.forexlive.com/!/brexit-f...g-yet-20160112
Quoting elbert3
{quote} strange candles on the 5 min chart , were the big boys clearing positions ?? 4458 might be poss tight sl if going long
Dont see strange , maybe into some stops or some one trying to keep it from stops , nice 5 min H/S pattern, watching S2 here for a drop to finish off the weekly L4. Have a small short from .4426, 1st tgt would be the shoulder area of that pattern,
Attached Image (click to enlarge)
Click to Enlarge Name: scalp gbp.jpg Size: 296 KB
Quoting Barca
{quote} The colour full dots and stars on your chart sir..
here you go.
if you need anything else, let me know...
Attached File(s)
File Type: ex4 #4X 3 Semafor Alert.ex4   11 KB | 227 downloads
stpped out
Entered a long at 1.44275, profit level of 1.44663 targeted.
4443 hits the tl upper limit that it came out of , so risk of shorts ?? lets see
Quoting elbert3
4443 hits the tl upper limit that it came out of , so risk of shorts ?? lets see
Hi E, so you are not dead, good to know. Hope all is fine, wish you the best!
Fix up, trade sharp ...
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
i think the upwards movement will be over soon...

the yellow box will show...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 68 KB


KR Zinot
Insanity: doing the same over and over again & expecting different results!
Quoting Zinot
i think the upwards movement will be over soon... the yellow box will show... {image} KR Zinot
Also looking at that 4470 level or 4510. To get a short. will see what the market does overnight.
Quoting Don96
4H support at around 1.4413 hit 1.4415 before bouncing 10 pips, break could see 1.4380 - tp 1.4385-all im interested in
Good trade, was with you on that one. Was waiting for the stall in the DT, it took a while but went down further in the end. Defo some buyers showed up at down there. Could be profit taking
Retraced, more down or gull retrace , tomarrow is the important news
Quoting Zinot
i think the upwards movement will be over soon... the yellow box will show... {image} KR Zinot
which MAs are you using on these image?
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
Quoting elsensei13
{quote} which MAs are you using on these image?
8,21,55,100,200 EMA
Insanity: doing the same over and over again & expecting different results!
Quoting pete148
{quote} Also looking at that 4470 level or 4510. To get a short. will see what the market does overnight.
4452 bounce area then sl p on that number if it looks safe , regards E
The bears are strong however, and it crashes hard whenever a red candle appears. Every couple of green bars and you can expect to and easily make more pips when a red candle appears.

So far this has been very predictable until....
Quoting forexings
What bothers me is pound going down more than euro without QE

That's a good point. Some say its the brexit causing the fall but i think this has been priced in far too much plus the Brexit has been delayed further in the year. I wonder if the fall will keep chasing the dates/decision for the Brexit....what will pound be then? Over 1000 pips fall so far with no correction in sight.... is the policy, economy etc that bad or those are the top don't know what they are doing?

However, the eurozone is not that great as well with the Greece Issue, Migrant issue etc...the list goes on but you don't see it crashing this bad....At least when it crashed recently, it was due to QE of benefit to Euro stock market.

Still proud to hold £ notes but its gradually beginning to stink!
Quoting digger1
{quote} Dont see strange , maybe into some stops or some one trying to keep it from stops , nice 5 min H/S pattern, watching S2 here for a drop to finish off the weekly L4. Have a small short from .4426, 1st tgt would be the shoulder area of that pattern, {image}
Well spotted! Unfortunately I missed it .
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