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Cable Update (GBPUSD)

  • #426,241
  • Mar 17, 2016 6:48am Mar 17, 2016 6:48am
Quoting amonshi
anyone here think its time to short? I want to short but not sure about the news, price already move more than 100 pips from today's low though
Fundamentals in 13minutes...we should have some volatility.
  • #426,242
  • Mar 17, 2016 6:49am Mar 17, 2016 6:49am
Quoting amonshi
anyone here think its time to short? I want to short but not sure about the news, price already move more than 100 pips from today's low though
I think that even if it retraces a little it will eventually reach 1.4480. I'm more willing to wait for the retracement to open longs.
  • #426,243
  • Mar 17, 2016 6:53am Mar 17, 2016 6:53am
Quoting kostas1
{quote} This is equivalent to asking if you want to be the coyote.... {image}
good point, better stay out for now​
Letting losses run is the most serious mistake made by most investors.
  • #426,244
  • Mar 17, 2016 7:27am Mar 17, 2016 7:27am
#GBPUSD Target hit Flat @ 1.4418... lockin in $$$...... will watch PA for now to see if it wants to trend higher or have a dead cat bounce and drop again....
Attached Image (click to enlarge)
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"W. D. Gann said that time is the most important factor among all things."
  • #426,245
  • Mar 17, 2016 7:31am Mar 17, 2016 7:31am
144 300 as close to short - like the 300 level above 000
  • #426,246
  • Edited 7:57am Mar 17, 2016 7:32am | Edited 7:57am
Quoting Darkforce
{quote} 4350 achieved, maybe 4650 next
Hi Darkforce, could be
I'm thinking we are soon reaching the top in the low to mid 44s'.

EDIT: (ABCD SAYS 4460ish)

Daily chart shows fed shot north as a bit of a dead bounce and will likely run out of steam as we move deeper into resistance
I've still got long term shorts running and just added another at 4420
lol..

See what the market has to say


EDIT: Targetting 1.3638

11.30 here, off to bed

Come with me if you want to live....
  • #426,247
  • Mar 17, 2016 7:51am Mar 17, 2016 7:51am
Quoting amonshi
anyone here think its time to short? I want to short but not sure about the news, price already move more than 100 pips from today's low though
If you are looking to fade for 50 pips, on D1 we have passed it, there's no clear overhead resistance nearby.

On W1, we are at ema10 , jumped from mPivot ...... a spill over from ema10 are:
mR1 (dark blue line) + RN 4450 = by then cable would have already traveled 230 pips

or wait for London to close then fade that cluster
or the other cluster: wR1 4506 + RN 4500 = by then cable would have already traveled 280 pips

I think those 2 are the only best clusters to fade and get 50 by midway Hong Kong tomorrow.

Trade well!
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  • #426,248
  • Mar 17, 2016 8:14am Mar 17, 2016 8:14am
IMHO, The GBPUSD also indicates a head towards 1.4600 area.
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  • #426,249
  • Mar 17, 2016 8:19am Mar 17, 2016 8:19am
Think the bulls have had enough........ seems like there is another target near 1.4550 - 600 which i don't think will be hit on this round.

Probably too late to long now.

GU has rallied almost 350 pips in 2 days on very low volume......... late bulls take note.
  • #426,250
  • Mar 17, 2016 8:21am Mar 17, 2016 8:21am
sadly ain 't got the time to trade @ work would have been a great pivot day
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persistence and determination alone are omnipotent
  • #426,251
  • Mar 17, 2016 9:00am Mar 17, 2016 9:00am
Quoting 10cents
Think the bulls have had enough........ seems like there is another target near 1.4550 - 600 which i don't think will be hit on this round. Probably too late to long now. GU has rallied almost 350 pips in 2 days on very low volume......... late bulls take note.
How do you measure volume on spot forex?
  • #426,252
  • Mar 17, 2016 9:20am Mar 17, 2016 9:20am
Quoting slk
Bought 141, target 145
TP
  • #426,253
  • Mar 17, 2016 9:35am Mar 17, 2016 9:35am
easy measure the d1 ,its not low volume 200 pips in one day


Quoting slk
{quote} How do you measure volume on spot forex?
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #426,254
  • Mar 17, 2016 9:35am Mar 17, 2016 9:35am
Quoting 10cents
Think the bulls have had enough........ seems like there is another target near 1.4550 - 600 which i don't think will be hit on this round. Probably too late to long now. GU has rallied almost 350 pips in 2 days on very low volume......... late bulls take note.
Well theoretically speaking i do agree with you, though this train does not seem like its heading for releif rally! I bought some here @ 1.4450 looking for 1.45 initially (probably by tomorrow) might consider a manual close if i see a clear rejection
  • #426,255
  • Mar 17, 2016 9:45am Mar 17, 2016 9:45am
cable is overbought ,but some very reliable advice ,after 100 pip only ,you must wait next day for reverse if thats the case
so even 100 with cable no short or long that day against the D1
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #426,256
  • Mar 17, 2016 9:54am Mar 17, 2016 9:54am
I can show you low tf selling will be picked up
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #426,257
  • Mar 17, 2016 10:07am Mar 17, 2016 10:07am
Down 400 pips on this one for now...never thought such a breakout could happen...damn
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #426,258
  • Mar 17, 2016 10:38am Mar 17, 2016 10:38am
can't remember how to upload image. I remember press "ctrl ?" then crop image.....
Can someone be so kind as to how this is done?
  • #426,259
  • Mar 17, 2016 10:40am Mar 17, 2016 10:40am
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"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #426,260
  • Mar 17, 2016 10:45am Mar 17, 2016 10:45am
Last time, I remember uploading screen shot, and a dotted box appears on my screen. Then i resize the box and upload.....
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