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Cable Update (GBPUSD)

  • #426,261
  • Mar 17, 2016 10:50am Mar 17, 2016 10:50am
Press ctrl + v then it makes a screenshot and uploads it and then you can crop it etc.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #426,262
  • Mar 17, 2016 10:56am Mar 17, 2016 10:56am
ty
  • #426,263
  • Mar 17, 2016 11:08am Mar 17, 2016 11:08am
Quoting fxmasterdxb
{quote} 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
Aaand 47 pips banked in
  • #426,264
  • Mar 17, 2016 11:27am Mar 17, 2016 11:27am
Quoting Bones
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 {image}
1.47 min tony. then you may have the ride down
  • #426,265
  • Mar 17, 2016 12:13pm Mar 17, 2016 12:13pm
PA did test the highs and failed to pass through, I expect a consolidation and a move lower for the rest of the day, next buy zone for me is 1.4425 (+ - 10 pips)
  • #426,266
  • Mar 17, 2016 12:24pm Mar 17, 2016 12:24pm
Quoting fxmasterdxb
{quote} 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
I see what you mean, have a target at 1.455 too, so there is still room for gains. I will probably buy again if this pulls back before 1.455.
  • #426,267
  • Mar 17, 2016 11:13pm Mar 17, 2016 11:13pm
Normally my favourite pair, but price action is KILLING me lately.

Anyone else feel a difference?
  • #426,268
  • Mar 17, 2016 11:38pm Mar 17, 2016 11:38pm
hi what u guys think about selling from this blue marked area?


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-international-capital-markets.png Size: 37 KB
  • #426,269
  • Mar 18, 2016 2:13am Mar 18, 2016 2:13am
Quoting EinsWaltz
hi what u guys think about selling from this blue marked area? {image}

I think the blue oval zone is definitely worth looking at. Guess the PA will tell us if it is worth a short when it reaches there Lol
  • #426,270
  • Mar 18, 2016 2:15am Mar 18, 2016 2:15am
Quoting yelena
{quote}... fade for 50 pips... there's no clear overhead resistance nearby...
cluster: wR1 4506 + RN 4500 = by then cable would have already traveled 280 pips ...

And that's how it went on a sell limit after rejection.

Unless something fundamentally drives this price to close below w1 ema10.. the only overhead resistance seems to be the monthly chart
Attached Image (click to enlarge)
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  • #426,271
  • Mar 18, 2016 2:19am Mar 18, 2016 2:19am
Looks like support at roughly 1.4390 - 1.4410 region.........
  • #426,272
  • Mar 18, 2016 2:21am Mar 18, 2016 2:21am
Quoting Badem
Normally my favourite pair, but price action is KILLING me lately. Anyone else feel a difference?

Maybe just take a rest. Sometimes it is good to take a small break and re-analyze the PA again.

I have found out it is always after losing trades that i realize what went wrong with my analysis.
  • #426,273
  • Mar 18, 2016 2:52am Mar 18, 2016 2:52am
Quoting Fx_Anil
IMHO, The GBPUSD also indicates a head towards 1.4600 area. {image}
Morning A long time ? still long from 2 weeks now 4514 area could be a watch point again if scalping while 4438 might be a support 4279 was a good bounce back in to the 4 hour upper trend ???was it a failed attempt to go short we have to ask
Attached Image (click to enlarge)
Click to Enlarge Name: 4.png Size: 64 KB
not trading much as i have a big project to contend with , regards to all E
  • #426,274
  • Mar 18, 2016 3:31am Mar 18, 2016 3:31am
Quoting Badem
Normally my favourite pair, but price action is KILLING me lately. Anyone else feel a difference?
Yeah, it's felt like a funny week to me also

Until I got back to the basic premise of my original analysis,

and now it makes a lot more sense

It maybe hard to comprehend, but the more I focus on weekly and monthly analysis, the more the daily TF becomes nothing more than distracting noise
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 36 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 31 KB
Come with me if you want to live....
  • #426,275
  • Mar 18, 2016 3:34am Mar 18, 2016 3:34am
Expecting a move down.
  • #426,276
  • Mar 18, 2016 4:02am Mar 18, 2016 4:02am
Quoting arigoldman
Expecting a move down.
Goldman, how much do you think this will go down?
  • #426,277
  • Mar 18, 2016 4:03am Mar 18, 2016 4:03am
Quoting fxmasterdxb
PA did test the highs and failed to pass through, I expect a consolidation and a move lower for the rest of the day, next buy zone for me is 1.4425 (+ - 10 pips)
My buy zone has kicked in, looking for a long if PA allows
  • #426,278
  • Mar 18, 2016 4:38am Mar 18, 2016 4:38am
Which time frame are you using? Atm, the 4-hour is bearish.

KP

Quoting fxmasterdxb
{quote} My buy zone has kicked in, looking for a long if PA allows
Do your homework, follow the footprints of smart money
  • #426,279
  • Mar 18, 2016 4:45am Mar 18, 2016 4:45am
Quoting KeenPips
Which time frame are you using? Atm, the 4-hour is bearish. KP {quote}
What's the support on the 4 hour that you have? Thanks in advance.
  • #426,280
  • Mar 18, 2016 5:02am Mar 18, 2016 5:02am
10 cents, I use the daily and weekly charts to get my S/R zones. GU is rejecting a strong daily resistance zone atm.

KP

Quoting 10cents
{quote} What's the support on the 4 hour that you have? Thanks in advance.
Do your homework, follow the footprints of smart money
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