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Cable Update (GBPUSD)

  • #424,301
  • Feb 17, 2016 4:03am Feb 17, 2016 4:03am
right
post too much I see a digging a super big hole

Quoting meanvel
{quote} Bears drove for the stops, and that mini-crash attracted some additional sellers, and caused a little panic attack in some weak hand bulls who puked out. Just read the tape. LoL, I hate to say it, but people being impatient and buying GU without allowing the market to settle out and establish a bottoming pattern really deserved that right there. Well, actually, they deserve being driven down through the 1.4240 order pocket, but that may still be in the cards on the Claimant Count Change, PPI Data, or FOMC Data. So much data today...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,302
  • Feb 17, 2016 4:03am Feb 17, 2016 4:03am
Damn, missed out on that... Going to sleep. I captured 30 pips long tonight, meh... I know I said I was going to wait until 1.4240 was broken to do my first longs, but we got within five pips, and there was no sellers.
"Don't fear a bubble until it starts to burst."
  • #424,303
  • Feb 17, 2016 4:06am Feb 17, 2016 4:06am
Quoting Bones
right post too much I see a digging a super big hole {quote}
Forget the hole. I'm just happy its up and I'm gonna say YAYYYY
  • #424,304
  • Feb 17, 2016 4:10am Feb 17, 2016 4:10am
Might touch 4350 before any down ward move!!!
  • #424,305
  • Feb 17, 2016 4:10am Feb 17, 2016 4:10am
And yes, I do have proof I was long tonight, heh... Not the greatest timing.

I was betting on a megaphone, which we didn't exactly get.

Attached Image (click to enlarge)
Click to Enlarge Name: tradeTime.png Size: 16 KB
"Don't fear a bubble until it starts to burst."
  • #424,306
  • Feb 17, 2016 4:14am Feb 17, 2016 4:14am
12000 posts am I right ?

Quoting ForexAuthor
{quote} Forget the hole. I'm just happy its up and I'm gonna say YAYYYY
Attached Image (click to enlarge)
Click to Enlarge Name: 1 USD (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,307
  • Feb 17, 2016 4:15am Feb 17, 2016 4:15am
Quoting dean1star
Targetting 143 600 - 143 700 from 142 600 and 143 000 two trades
  • #424,308
  • Feb 17, 2016 4:22am Feb 17, 2016 4:22am
Got 3 trades on atm, targeting 1.4345 from 1.4292, 1.43146 and 1.43323. Did have one stab already but I forgot to check the calendar and was stopped out during the news, current price at posting 1.43330
  • #424,309
  • Feb 17, 2016 4:23am Feb 17, 2016 4:23am
Quoting Dr.Zain
{quote}
I would call that the ELbert shuffle lol - reload lower to take it higher

.. now if it worked every time well .. $$$
  • #424,310
  • Feb 17, 2016 4:26am Feb 17, 2016 4:26am
The tell for this market tonight was the complete lack of sellers on the attempt lower. Market just burned up too much selling pressure on that first wave down. Has to recharge.
"Don't fear a bubble until it starts to burst."
  • #424,311
  • Feb 17, 2016 4:31am Feb 17, 2016 4:31am
Being a regular trend trader, I'm putting my hat on range trading a good size range, 4th wave of an ending diagonal C red.
EW target at least 1.4445 above that dotted line.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30 17Feb16c.png Size: 57 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #424,312
  • Feb 17, 2016 4:31am Feb 17, 2016 4:31am
144 300 going to say for overall target.

Should make for an interesting day.

Staying in for 144 should this happen.
  • #424,313
  • Feb 17, 2016 4:32am Feb 17, 2016 4:32am
Quoting skyhok
Being a regular trend trader, I'm putting my hat on range trading a good size range, 4th wave of an ending diagonal C red. EW target at least 1.4445 above that dotted line. {image}
So far the plan works
  • #424,314
  • Feb 17, 2016 4:33am Feb 17, 2016 4:33am
course eur is bearish ,cad bullish

Quoting meanvel
The tell for this market tonight was the complete lack of sellers on the attempt lower. Market just burned up too much selling pressure on that first wave down. Has to recharge.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,315
  • Feb 17, 2016 4:35am Feb 17, 2016 4:35am
eur bearish ,gbp bullish
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,316
  • Feb 17, 2016 4:43am Feb 17, 2016 4:43am
bullish over that number (retrace ?)
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,317
  • Feb 17, 2016 4:44am Feb 17, 2016 4:44am
Quoting dean1star
144 300 going to say for overall target. Should make for an interesting day. Staying in for 144 should this happen.
Ha yeah I just adjusted my targets to 1.4338, ive had this happen to me too many times last couple of days not liking this at all, was 80 pips up in total 20 mins ago, now I'm 40 :0
  • #424,318
  • Feb 17, 2016 4:47am Feb 17, 2016 4:47am
Quoting dean1star
144 300 going to say for overall target. Should make for an interesting day. Staying in for 144 should this happen.
Good target I think if bullish. I doubt it will go too much higher than that. A tech target would be 14405 give or take the spread
Come with me if you want to live....
  • #424,319
  • Feb 17, 2016 4:49am Feb 17, 2016 4:49am
But let's not forget the Elephant in the other room and its' affect on safe haven USD
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #424,320
  • Feb 17, 2016 5:01am Feb 17, 2016 5:01am
Quoting Kajos2250
{quote} GU H4 GMT+2 bet the last bearish marubozu, sell limit .4380, invalidation close above ~4500, targetting ~4150... good luck!
the picture...
Attached Image (click to enlarge)
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Anything is math!
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