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Cable Update (GBPUSD)

  • #423,961
  • Feb 11, 2016 3:36am Feb 11, 2016 3:36am
Quoting elbert3
{quote} thats the call of the week buddy well done, but where and why ,, i hate it when i am out of it ,, have to find the bottom if there is going to be on ,,week chart might hold the key and work back
Did you notice they seem to be back to holding moves till the next day.
Seems to be part of their new annual stratagy - might of code named it

Wot the FCK moves ..

Gonna wait for a retest of this low i think.
  • #423,962
  • Feb 11, 2016 3:42am Feb 11, 2016 3:42am
Quoting meanvel
I won't be around tonight, so here is my analysis... 4H uptrend holding, daily uptrend holding. Long trading recommended from the area around 1.45 to 1.4525. Order pocket around 1.4590, small order pocket around 1.4615, besides that... Yesterdays high just over 1.4575, then thin air all the way up to new weekly highs. {image}

If the red gets taken out, I will look for PA reasons to buy off the retest in the shaded untouched 4hr support zone
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 31 KB
Come with me if you want to live....
  • #423,963
  • Feb 11, 2016 3:46am Feb 11, 2016 3:46am
Quoting Ill-b-back
{quote} If the red gets taken out, I will look for PA reasons to buy off the retest in the shaded untouched 4hr support zone {image}
Bounce of your 50 percent fibs might be a good place to consider.

or at least a re-test of todays low so far.
  • #423,964
  • Feb 11, 2016 4:10am Feb 11, 2016 4:10am
Quoting dean1star
{quote} Bounce of your 50 percent fibs might be a good place to consider. or at least a re-test of todays low so far.
Could do.
The daily is wedged in between, dare I say it, support and resistance lines.

38.2 fib maybe all the love bears get, who knows, could easily be a shake out with no news trigger...

Except bad GBP numbers (from yesterday)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 23 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 22 KB
Come with me if you want to live....
  • #423,965
  • Feb 11, 2016 4:24am Feb 11, 2016 4:24am
Quoting elbert3
omg just in wtf happened
You woke up and see cable dropped 150 pips? Why so surprise this is almost a daily routine for the last two weeks I am sick of it, I might vomit at my screen soon.
  • #423,966
  • Feb 11, 2016 4:25am Feb 11, 2016 4:25am
​blue zone is my target.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 26 KB
  • #423,967
  • Feb 11, 2016 4:40am Feb 11, 2016 4:40am
Quoting elbert3
{quote} thats the call of the week buddy well done, but where and why ,, i hate it when i am out of it ,, have to find the bottom if there is going to be on ,,week chart might hold the key and work back
3 things actually

Firstly, London prefers to break or bounce of the "00" line or the "50" in line with the trend set by the US.
Now the US started the trend down yesterday, and if London was going to break the "00" it was going to be a big drop.

Secondly, GBPJPY also was heavily down alrady, so it could only drag Cable further

And thirdly, if there are two 6 hour candles formed in a row, then the third one (London 6am), is always a big move
Forex, awful to watch, AWESOME to play
  • #423,968
  • Edited 5:32am Feb 11, 2016 4:52am | Edited 5:32am
#GBPUSD so far so good been shorting every pop....... it looks like its about to crack soon. I hope today :-)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 2-11-2016.png Size: 46 KB
"W. D. Gann said that time is the most important factor among all things."
  • #423,969
  • Feb 11, 2016 4:57am Feb 11, 2016 4:57am
adding another short at 4458 next hour if this hour closes above 4460

Yesterdays move started at 4564
Forex, awful to watch, AWESOME to play
  • #423,970
  • Feb 11, 2016 5:01am Feb 11, 2016 5:01am
Quoting Reiza1988
​blue zone is my target. {image}
113 400 and will take the sell too on Euro
Pound dollar still waiting.
Would like to see this at 144 to buy.

btw 100 pips a week is plenty for me so prefer to wait for a set up and not chase the trades.

Euro looks like higher then lower - but lets let the market do the talking ..
  • #423,971
  • Feb 11, 2016 5:02am Feb 11, 2016 5:02am
Unexpected move.
  • #423,972
  • Feb 11, 2016 5:12am Feb 11, 2016 5:12am
Quoting Feo
{quote} 3 things actually Firstly, London prefers to break or bounce of the "00" line or the "50" in line with the trend set by the US. Now the US started the trend down yesterday, and if London was going to break the "00" it was going to be a big drop. Secondly, GBPJPY also was heavily down alrady, so it could only drag Cable further And thirdly, if there are two 6 hour candles formed in a row, then the third one (London 6am), is always a big move
thanks for that something to remember , regards E
  • #423,973
  • Feb 11, 2016 5:13am Feb 11, 2016 5:13am
Quoting Darkforce
{quote} You woke up and see cable dropped 150 pips? Why so surprise this is almost a daily routine for the last two weeks I am sick of it, I might vomit at my screen soon.
Sorry D , i had visitors
  • #423,974
  • Feb 11, 2016 5:16am Feb 11, 2016 5:16am
If this 15 min closes above 56, selling at 54
Forex, awful to watch, AWESOME to play
  • #423,975
  • Feb 11, 2016 5:18am Feb 11, 2016 5:18am
Ok, I have arrived! Woah... Bear freight train hit while I was gone!
"Don't fear a bubble until it starts to burst."
  • #423,976
  • Feb 11, 2016 5:19am Feb 11, 2016 5:19am
Attached Image (click to enlarge)
Click to Enlarge Name: 1b.png Size: 60 KB
end of long i think here swop would target 4374 ish
  • #423,977
  • Feb 11, 2016 5:27am Feb 11, 2016 5:27am
4415 is a watch number for me at this time
  • #423,978
  • Feb 11, 2016 5:29am Feb 11, 2016 5:29am
This is starting to suspiciously look like a ABC correction on the daily.

Attached Image (click to enlarge)
Click to Enlarge Name: abcCorrection.png Size: 18 KB
"Don't fear a bubble until it starts to burst."
  • #423,979
  • Feb 11, 2016 5:37am Feb 11, 2016 5:37am
143 500 could be a strong possibility
  • #423,980
  • Feb 11, 2016 5:41am Feb 11, 2016 5:41am
Quoting elbert3
4415 is a watch number for me at this time
I'm not so sure it's a good idea to bid on anything today... The critical zones the market is trying to head for now are quite a bit lower...

Attached Image (click to enlarge)
Click to Enlarge Name: h4OrderPockets.png Size: 19 KB
"Don't fear a bubble until it starts to burst."
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