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Cable Update (GBPUSD)

  • #425,541
  • Mar 1, 2016 5:18am Mar 1, 2016 5:18am
Roughly a second test of the channel/flag bottom, might break upwards, might come down as while, Europe left the decision to US
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFH4.png Size: 57 KB
  • #425,542
  • Mar 1, 2016 5:23am Mar 1, 2016 5:23am
Quoting Darkforce
Roughly a second test of the channel/flag bottom, might break upwards, might come down as while, Europe left the decision to US {image}
Yep looks like a North play perhaps even as far as a high in asia then short - we all see different things of course and who is correct all of the time lol ..

if i short at 140 i gonna use a large stop loss - but prefer to wait
  • #425,543
  • Mar 1, 2016 5:26am Mar 1, 2016 5:26am
Quoting Darkforce
Roughly a second test of the channel/flag bottom, might break upwards, might come down as while, Europe left the decision to US {image}
Looking at the same thing, tricky one so anything over 1.4025 I'm out but else below looks like bears all the way...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 59 KB
Don't get mad, get even!
  • #425,544
  • Mar 1, 2016 5:34am Mar 1, 2016 5:34am
Quoting stulic
{quote} Looking at the same thing, tricky one so anything over 1.4025 I'm out but else below looks like bears all the way... {image}
Quoting dean1star
{quote} Yep looks like a North play perhaps even as far as a high in asia then short - we all see different things of course and who is correct all of the time lol .. if i short at 140 i gonna use a large stop loss - but prefer to wait
My plan is to wait for current H4 to close(in 27 mins), then watch for a re-test after open of next H4 candle.

If it drop first, I will look for a long maybe @3950, if it pop first, I will look for a short@4000 or 4040 depends on how far and how far it goes.

Hope that works out....
  • #425,545
  • Mar 1, 2016 6:05am Mar 1, 2016 6:05am
Don't let another push up shake the 1hr and 30min traders out.
Won't be surprised to see 4078 tonight or tomorrow then a drop back below 39 to end the week
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 30 KB
Come with me if you want to live....
  • #425,546
  • Mar 1, 2016 6:07am Mar 1, 2016 6:07am
Quoting Darkforce
{quote} {quote} My plan is to wait for current H4 to close(in 27 mins), then watch for a re-test after open of next H4 candle. If it drop first, I will look for a long maybe @3950, if it pop first, I will look for a short@4000 or 4040 depends on how far and how far it goes. Hope that works out....
You do realize your H4 is different from other people's H4 candles? It's all platform/broker/timezone dependant. I never understood why people pay so much attention to H4 candles closes/openings.
Don't get mad, get even!
  • #425,547
  • Mar 1, 2016 6:11am Mar 1, 2016 6:11am
#GBPUSD If my calculation are correct 2-29-16 could be a good swing pivot low for a swing trade.... its the half way point. as you can see it hitting RES now...
will wait for PA to kiss the 45D to get in today or tomorrow
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #425,548
  • Mar 1, 2016 6:14am Mar 1, 2016 6:14am
Quoting Darkforce
{quote} {quote} My plan is to wait for current H4 to close(in 27 mins), then watch for a re-test after open of next H4 candle. If it drop first, I will look for a long maybe @3950, if it pop first, I will look for a short@4000 or 4040 depends on how far and how far it goes. Hope that works out....
Cool .. lets see how time plays in this factor ..
  • #425,549
  • Mar 1, 2016 6:15am Mar 1, 2016 6:15am
Quoting Jonstaples
{quote} I would say up to the 10-day moving average @ 1.4035 and near a daily spike of the 26.02 @ 1.4042.
Yep, I work with broader areas or zones
Come with me if you want to live....
  • #425,550
  • Mar 1, 2016 6:17am Mar 1, 2016 6:17am
1hr not looking too convincing just yet

a break will confirm I guess
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 26 KB
Click to Enlarge Name: GBPUSDH4.png Size: 27 KB
Come with me if you want to live....
  • #425,551
  • Mar 1, 2016 6:19am Mar 1, 2016 6:19am
Quoting Ill-b-back
Don't let another push up shake the 1hr and 30min traders out. Won't be surprised to see 4078 tonight or tomorrow then a drop back below 39 to end the week {image}
NFP week is always interesting but tricky to trade. The price go opposite to UK PMI suggest NFP is really what is in focus.
  • #425,552
  • Mar 1, 2016 6:20am Mar 1, 2016 6:20am
Quoting Ill-b-back
1hr not looking too convincing just yet a break will confirm I guess {image} {image}
Going for end of the day short - buyers seem in and its first of the month
  • #425,553
  • Mar 1, 2016 6:24am Mar 1, 2016 6:24am
Quoting dean1star
{quote} Going for end of the day short - buyers seem in and its first of the month
Almost forgot this is the 1st day of the month, lol
  • #425,554
  • Mar 1, 2016 6:31am Mar 1, 2016 6:31am
Quoting Darkforce
{quote} NFP week is always interesting but tricky to trade. The price go opposite to UK PMI suggest NFP is really what is in focus.
Could be.
To be honest I struggle with that stuff.
I just see it as a retest after the Brexit comment (or was it my "crazy pitchfork" rejection )
Thinking another spike above the 23 fib but a close under

I'm off to bed, all the best
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 25 KB
Come with me if you want to live....
  • #425,555
  • Mar 1, 2016 6:32am Mar 1, 2016 6:32am
Possible new high above 140 500 today if it reaches that then shorting for sure .. but when it seems to easy it usually is lol
  • #425,556
  • Mar 1, 2016 6:32am Mar 1, 2016 6:32am
Quoting dean1star
{quote} Going for end of the day short - buyers seem in and its first of the month
Yeah I forgot also, it makes sense
Come with me if you want to live....
  • #425,557
  • Mar 1, 2016 7:08am Mar 1, 2016 7:08am
#GBDUSD scalping a short @ 1.3994
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 3-1-16.png Size: 57 KB
"W. D. Gann said that time is the most important factor among all things."
  • #425,558
  • Mar 1, 2016 7:47am Mar 1, 2016 7:47am
GBPUSD, Short @ 1.3972 (5x), Target @ 1.3730
(say 5.-$ per pip / 10-K-Acc.)

Weekly & Monthly could go more up before it could turn downside again. If so I'll taking the chance for more shorts.
Let's see!
FXcube
  • #425,559
  • Mar 1, 2016 8:16am Mar 1, 2016 8:16am
Nobody thinking abt going long?
  • #425,560
  • Mar 1, 2016 8:25am Mar 1, 2016 8:25am
Quoting slk
Nobody thinking abt going long?
Not time to long imho.

KP
Do your homework, follow the footprints of smart money
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