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Cable Update (GBPUSD)

  • #425,641
  • Mar 2, 2016 8:21am Mar 2, 2016 8:21am
Quoting nick.m
{quote} Indeed....Cable in berserk mode. Trying to brake through 1.4040.
It is certainly trying to do so, but is it going to success?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFM30.png Size: 93 KB
  • #425,642
  • Mar 2, 2016 8:25am Mar 2, 2016 8:25am
Quoting Darkforce
{quote} It is certainly trying to do so, but is it going to success? {image}
Bearish divergence? We have HH on chart and LH on Stochastic.
  • #425,643
  • Mar 2, 2016 8:34am Mar 2, 2016 8:34am
looks like a SL hunt today
  • #425,644
  • Mar 2, 2016 8:35am Mar 2, 2016 8:35am
Average daily volatility around 120pips/day...pretty much reached. We have bullish data on USD and lower than expected data on GBP. Still, welcome to no man's land. ))
  • #425,645
  • Mar 2, 2016 8:49am Mar 2, 2016 8:49am
Quoting nick.m
Average daily volatility around 120pips/day...pretty much reached. We have bullish data on USD and lower than expected data on GBP. Still, welcome to no man's land. ))
Yeh well said - lets flip a coin -
  • #425,646
  • Mar 2, 2016 8:52am Mar 2, 2016 8:52am
Quoting mades
looks like a SL hunt today
i don't think we have many sl's left in current pa areas
  • #425,647
  • Mar 2, 2016 8:54am Mar 2, 2016 8:54am
tried a short just below weekly pivot and got stopped, flipped to long and closed out +1 before news, not too sure about GU atm, EU trying the 1.0830 level today and yesterday, seems to be a very strong support atm... GU rising most of the day and UJ only got above daily PP after news for a couple of mins and then dropped hard :/ Euro weak atm... don't think it will get below that 1.0830 level today now, someone/something it protecting it hard... if it does break however we could see considerably lower...
  • #425,648
  • Mar 2, 2016 8:55am Mar 2, 2016 8:55am
Quoting dean1star
{quote} Yeh well said - lets flip a coin -
This is a test of patience. We have a squeeze on 1M chart wich indicates a break will occur soon. We shall see if it's north or south. I'm not entering without a confirmation.
  • #425,649
  • Mar 2, 2016 8:57am Mar 2, 2016 8:57am
Quoting Don96
tried a short just below weekly pivot and got stopped, flipped to long and closed out +1 before news, not too sure about GU atm, EU trying the 1.0830 level today and yesterday, seems to be a very strong support atm... GU rising most of the day and UJ only got above daily PP after news for a couple of mins and then dropped hard :/ Euro weak atm... don't think it will get below that 1.0830 level today now, someone/something it protecting it hard... if it does break however we could see considerably lower...
​continuation in LL /LH in EU on 5m also, broken if we get above 1.08465 and could turn bullish for rest of day... ranging quite a bit atm though, something will crack soon..
  • #425,650
  • Mar 2, 2016 9:00am Mar 2, 2016 9:00am
Hourly candle looks to tasty. Trap?
  • #425,651
  • Mar 2, 2016 9:10am Mar 2, 2016 9:10am
Quoting PipJet
Hourly candle looks to tasty. Trap?
I noticed how they like to manipulate hourly candles in the last 5-10 minutes and this was no exception. But on the other hand, plenty of resistance. If it breaks the short-term 5m up trendline, it might go lower but sofar its been rock-solid (very untypical).
  • #425,652
  • Mar 2, 2016 9:14am Mar 2, 2016 9:14am
And there she blows.
  • #425,653
  • Mar 2, 2016 9:17am Mar 2, 2016 9:17am
they are always hunting sl
  • #425,654
  • Mar 2, 2016 9:20am Mar 2, 2016 9:20am
Wow I'm not short but I actually thought GU might be going down now at this range since there was a Broadening top pattern. It seems not likely now and this thing might extend to more than it's average daily range now.
  • #425,655
  • Mar 2, 2016 9:27am Mar 2, 2016 9:27am
Can H4 close above it?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFH4.png Size: 50 KB
  • #425,656
  • Mar 2, 2016 9:36am Mar 2, 2016 9:36am
Exhausted?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDFXFM15.png Size: 41 KB
  • #425,657
  • Mar 2, 2016 9:49am Mar 2, 2016 9:49am
Quoting Darkforce
Exhausted? {image}
I dunno let's ask this guy http://www.forexfactory.com/zefx he claims to have turned $3000 to $30000 in less than a month.
  • #425,658
  • Mar 2, 2016 9:53am Mar 2, 2016 9:53am
Quoting maflip
{quote} I dunno let's ask this guy http://www.forexfactory.com/zefx he claims to have turned $3000 to $30000 in less than a month.
I saw that thread and I ignored, normally their equity curve goes in a straight line until it crash down like a cliff
  • #425,659
  • Mar 2, 2016 9:54am Mar 2, 2016 9:54am
Quoting Darkforce
{quote} I saw that thread and I ignored, normally their equity curve goes in a straight line until it crash down like a cliff
Yeah same here.
  • #425,660
  • Mar 2, 2016 10:01am Mar 2, 2016 10:01am
GBP are damn strong today .
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