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Cable Update (GBPUSD)

  • #422,741
  • Jan 29, 2016 1:43am Jan 29, 2016 1:43am
GBP dump time. sold @1.44. targeting 1.40
  • #422,742
  • Jan 29, 2016 1:52am Jan 29, 2016 1:52am
morning 4357 area might be of interest
  • #422,743
  • Jan 29, 2016 1:55am Jan 29, 2016 1:55am
Quoting elbert3
morning 4357 area might be of interest
Morning B, 4384 lokin resistance on my chart!!!
  • #422,744
  • Jan 29, 2016 2:06am Jan 29, 2016 2:06am
Quoting Dr.Zain
{quote} Morning B, 4384 lokin resistance on my chart!!!
morning Dr hope your well ,had a good week upto now, how about you ?? B
  • #422,745
  • Jan 29, 2016 2:12am Jan 29, 2016 2:12am
Quoting Dr.Zain
{quote} Morning B, 4384 lokin resistance on my chart!!!
4285 also that would be the last support before bears take over i would think , 1 friday and 400 pips up this week so could see profit taking to that level if 4350 goes gl,
Attached Image (click to enlarge)
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chart looks clear, lol if only we can be 100% we could put the house on it,lol
  • #422,746
  • Jan 29, 2016 2:55am Jan 29, 2016 2:55am
clearly on the verge of a major breakdown. 1.4352 will clear the way for 30 pips down
  • #422,747
  • Jan 29, 2016 3:04am Jan 29, 2016 3:04am
I'm looking at a potential double bottom with a bearish divergence on the MACD with a potential to fall to 1.4282 or even 1.4254.

Attached Image (click to enlarge)
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  • #422,748
  • Jan 29, 2016 3:12am Jan 29, 2016 3:12am
Quoting giveachance
clearly on the verge of a major breakdown. 1.4352 will clear the way for 30 pips down
my target is 1.3850
  • #422,749
  • Jan 29, 2016 3:25am Jan 29, 2016 3:25am
It all depends on cluster of bulls and bears at this level.
More bulls, price goes down
More bears, price goes up
The Contrarian Move
Works every single time :nerd:
... I'm not crazy, just Paranoid ...
  • #422,750
  • Jan 29, 2016 3:30am Jan 29, 2016 3:30am
Quoting giveachance
{quote} my target is 1.3850
That's bold... I'dont think it's going to happen anytime soon. Check Monthly. Major support level @ 1.407
  • #422,751
  • Jan 29, 2016 3:36am Jan 29, 2016 3:36am
Quoting SulikFXer
{quote} That's bold... I'dont think it's going to happen anytime soon. Check Monthly. Major support level @ 1.407
well you will be surprised that it happened so fast. 1.4070 is not support. infact after 1.4205 there is no support. I have made enough good calls on gbp to prove me wrong. ask elbert
  • #422,752
  • Jan 29, 2016 3:41am Jan 29, 2016 3:41am
Quoting giveachance
{quote} my target is 1.3850
3850 would be awesome, that's where I want to go too
... I'm not crazy, just Paranoid ...
  • #422,753
  • Jan 29, 2016 3:59am Jan 29, 2016 3:59am
Quoting giveachance
{quote} well you will be surprised that it happened so fast. 1.4070 is not support. infact after 1.4205 there is no support. I have made enough good calls on gbp to prove me wrong. ask elbert
I have no reason to doubt that but, then again, if you look at the chart, the 1.407 -ish area looks strong to me. It was where a major Bear cascade was stopped and reversed. That's gotta mean something, right?

Also the Stoch shows over sold in monthly and weekly. This, usually means buyers will come to play.
Attached Image (click to enlarge)
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  • #422,754
  • Jan 29, 2016 4:23am Jan 29, 2016 4:23am
Quoting SulikFXer
{quote} I have no reason to doubt that but, then again, if you look at the chart, the 1.407 -ish area looks strong to me. It was where a major Bear cascade was stopped and reversed. That's gotta mean something, right? Also the Stoch shows over sold in monthly and weekly. This, usually means buyers will come to play. {image}
Over 60% are buyers at the moment, what will more buyers do? Drag it down further?
... I'm not crazy, just Paranoid ...
  • #422,755
  • Jan 29, 2016 4:29am Jan 29, 2016 4:29am
Quoting Charith
{quote} Over 60% are buyers at the moment, what will more buyers do? Drag it down further?
No agression here , we're all learning right?
Can you explain how do you know 60% are buyers now?
  • #422,756
  • Jan 29, 2016 4:30am Jan 29, 2016 4:30am
Quoting giveachance
{quote} well you will be surprised that it happened so fast. 1.4070 is not support. infact after 1.4205 there is no support. I have made enough good calls on gbp to prove me wrong. ask elbert
lol GC,,LOL 4290
  • #422,757
  • Jan 29, 2016 4:34am Jan 29, 2016 4:34am
Quoting SulikFXer
{quote} No agression here , we're all learning right? Can you explain how do you know 60% are buyers now?
Yeah mate, we all are.
Check the Sentiment with your broker, it over 60% every where.
When you learn that you will learn the bitter truth about the market. Why it does down when more are buyers?
... I'm not crazy, just Paranoid ...
  • #422,758
  • Jan 29, 2016 4:34am Jan 29, 2016 4:34am
Quoting elbert3
{quote} 4285 also that would be the last support before bears take over i would think , 1 friday and 400 pips up this week so could see profit taking to that level if 4350 goes gl,{image} chart looks clear, lol if only we can be 100% we could put the house on it,lol
As above retrace on yesterdays candle
  • #422,759
  • Jan 29, 2016 4:36am Jan 29, 2016 4:36am
Quoting giveachance
clearly on the verge of a major breakdown. 1.4352 will clear the way for 30 pips down
predicted way before
  • #422,760
  • Jan 29, 2016 4:38am Jan 29, 2016 4:38am
Quoting giveachance
GBP dump time. sold @1.44. targeting 1.40
booked 100 pips.
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