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Cable Update (GBPUSD)

  • #425,061
  • Feb 23, 2016 10:22am Feb 23, 2016 10:22am
Ultimately I want to see a break of the 61.8 level before it continues higher with this bat pattern.
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  • #425,062
  • Feb 23, 2016 10:25am Feb 23, 2016 10:25am
a dip is expected.this is so weak
  • #425,063
  • Feb 23, 2016 10:36am Feb 23, 2016 10:36am
Quoting giveachance
a dip is expected.this is so weak
dont be surprised to see a break of todays and yesterdays low
  • #425,064
  • Feb 23, 2016 10:36am Feb 23, 2016 10:36am
#GBPUSD one more day of this chop and pound could pop..... watching the 24th
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"W. D. Gann said that time is the most important factor among all things."
  • #425,065
  • Feb 23, 2016 10:40am Feb 23, 2016 10:40am
Hello guys I'm still a rookie at this and I would like to say thank you to all, I'm actually googling your terms because this is still like a new language to me. Hahaha ! My question is i shorted the GBP/USD at 1.40621 do you guys still believe it's going to keep dropping I believe I read somewhere where it said that it's probably going to hit 1.39 , what do you guys think? Should I hold long? I'm asking this because after I shorted the GBP/USD it spiked up and hit 1.41230 and I'm a little scared.lol thank you guys and lucky to be part of this great community!!
  • #425,066
  • Feb 23, 2016 10:50am Feb 23, 2016 10:50am
Quoting ChrisSosa
Hello guys I'm still a rookie at this and I would like to say thank you to all, I'm actually googling your terms because this is still like a new language to me. Hahaha ! My question is i shorted the GBP/USD at 1.40621 do you guys still believe it's going to keep dropping I believe I read somewhere where it said that it's probably going to hit 1.39 , what do you guys think? Should I hold long? I'm asking this because after I shorted the GBP/USD it spiked up and hit 1.41230 and I'm a little scared.lol thank you guys and lucky to be part of this great...
some people are going to say short and some long especially in moments such as this - big drop and the reasons behind that - personally i feel its going lower before going higher although i am holding a long position so really its what you make of it - its like saying when you went in on your trade you did so with a certain conviction and its that which you need to consider - opinions are just that and in these markets might offer you a feel good factor but thats all - no one really knows thats the game as its played..
  • #425,067
  • Feb 23, 2016 10:50am Feb 23, 2016 10:50am
Quoting ChrisSosa
Hello guys I'm still a rookie at this and I would like to say thank you to all, I'm actually googling your terms because this is still like a new language to me. Hahaha ! My question is i shorted the GBP/USD at 1.40621 do you guys still believe it's going to keep dropping I believe I read somewhere where it said that it's probably going to hit 1.39 , what do you guys think? Should I hold long? I'm asking this because after I shorted the GBP/USD it spiked up and hit 1.41230 and I'm a little scared.lol thank you guys and lucky to be part of this great...
Hi, welcome to the forum.

The pair is currently testing the support at the previous low at 1.4056, if it breaks below that level it will probably continue dropping. Also, the trend is pretty bearish so far so I don't think it will reverse that easily. That's just my opinion though, ultimately you're the one who decides what you should do.
  • #425,068
  • Feb 23, 2016 10:51am Feb 23, 2016 10:51am
[quote=Techanalyst;8771726]
Quoting Ll1979
{quote} What is so funny?
That picture was funny it was not directed to you.
persistence and determination alone are omnipotent
  • #425,069
  • Feb 23, 2016 10:55am Feb 23, 2016 10:55am
damn those forums missed the drop
persistence and determination alone are omnipotent
  • #425,070
  • Feb 23, 2016 10:56am Feb 23, 2016 10:56am
There you go and i bought the drop
  • #425,071
  • Feb 23, 2016 10:58am Feb 23, 2016 10:58am
my tp was 1.40428, we have had 1.40416, i swear to god... if it doesn't hit I'm killing myself
  • #425,072
  • Feb 23, 2016 11:00am Feb 23, 2016 11:00am
Quoting Don96
my tp was 1.40428, we have had 1.40416, i swear to god... if it doesn't hit I'm killing myself
thank the lord
  • #425,073
  • Feb 23, 2016 11:00am Feb 23, 2016 11:00am
[quote=Ll1979;8771943]
Quoting Techanalyst
{quote} That picture was funny it was not directed to you.
It's no problem just asking. I guess we won't see that gap fill anytime soon hehe.
  • #425,074
  • Feb 23, 2016 11:03am Feb 23, 2016 11:03am
Not GU but GJ I'm having a blast at this breakout.
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  • #425,075
  • Feb 23, 2016 11:03am Feb 23, 2016 11:03am
1.39 doesn't seem so far right now.
  • #425,076
  • Feb 23, 2016 11:04am Feb 23, 2016 11:04am
[quote=Techanalyst;8771974]
Quoting Ll1979
{quote} It's no problem just asking. I guess we won't see that gap fill anytime soon hehe.
please do ask i don 't want you to feel bad about any misunderstandings
persistence and determination alone are omnipotent
  • #425,077
  • Feb 23, 2016 11:05am Feb 23, 2016 11:05am
monthly view
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persistence and determination alone are omnipotent
  • #425,078
  • Feb 23, 2016 11:19am Feb 23, 2016 11:19am
Multi years (7 Years) Low!!!!
  • #425,079
  • Feb 23, 2016 11:24am Feb 23, 2016 11:24am
Local breakout gives hint that there is still bears sitting in places.
  • #425,080
  • Feb 23, 2016 11:26am Feb 23, 2016 11:26am
Quoting edyraper
{quote} {quote} looking for bids at 4072 , 4053 ,4044 without 4034- on a larger scale it has possible 2000 pips bounce(1.41ish atm) , ... one should be runner later after , regards ....
S/o 4034 well need to see where to enter longs small setups later ... Not on my desk and not charting will see later
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