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Cable Update (GBPUSD)

  • #426,281
  • Mar 18, 2016 5:12am Mar 18, 2016 5:12am
Quoting KeenPips
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 {quote}
Alrite, coz i have 380 - 410 as a bounce area. Just checking to find out if i missed anything important.

My figures are based on lower TF, so some insights on 4 hour and larger will be useful. My thoughts are the 4 hour may be "showing" more than lower TFs.
  • #426,282
  • Mar 18, 2016 5:18am Mar 18, 2016 5:18am
Quoting Ill-b-back
{quote} 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 {image} {image}
May I know what you meant by TF
  • #426,283
  • Mar 18, 2016 5:18am Mar 18, 2016 5:18am
Try a fib on the 4-hour chart. You will see where bearish candles and the 23.6 are confluencing.

KP

Quoting 10cents
{quote} Alrite, coz i have 380 - 410 as a bounce area. Just checking to find out if i missed anything important. My figures are based on lower TF, so some insights on 4 hour and larger will be useful. My thoughts are the 4 hour may be "showing" more than lower TFs.
Do your homework, follow the footprints of smart money
  • #426,284
  • Mar 18, 2016 5:32am Mar 18, 2016 5:32am
Quoting KeenPips
Which time frame are you using? Atm, the 4-hour is bearish. KP {quote}
Closed my long @ 1.4440, PA is very weak, might consider a short
  • #426,285
  • Mar 18, 2016 5:36am Mar 18, 2016 5:36am
Quoting rhari139
{quote} May I know what you meant by TF
Time frame
  • #426,286
  • Mar 18, 2016 5:36am Mar 18, 2016 5:36am
Looks like a wise thing to do. You may have to wait for the right moment. GU is near the top of a range within a daily S/R zone.

KP

Quoting fxmasterdxb
{quote} Closed my long @ 1.4440, PA is very weak, might consider a short
Do your homework, follow the footprints of smart money
  • #426,287
  • Edited 6:35am Mar 18, 2016 5:53am | Edited 6:35am
do you guy's think it's going down today or up update it's going up
  • #426,288
  • Mar 18, 2016 6:51am Mar 18, 2016 6:51am
Quoting Ross88
do you guy's think it's going down today or up update it's going up
Im standing on the sidelines, friday PA can be very tricky sometimes
  • #426,289
  • Mar 18, 2016 6:52am Mar 18, 2016 6:52am
Quoting rhari139
{quote} May I know what you meant by TF
Time Frame
Come with me if you want to live....
  • #426,290
  • Mar 18, 2016 6:52am Mar 18, 2016 6:52am
Quoting Ross88
do you guy's think it's going down today or up
Hard to say, on the daily timeframe it's getting some resistance on the 78,6% fib.
It made one higher low so this could mean we are in a reversal. But until it breaks 78,6% I'm still going short.

Daily trend is still down. EMA 200 (Black)
But we have speed slowing down as shown by the EMA 21/55 (Blue/Brown), price already broke these 2.

My strategy still tells me to go short. Since momentum upward is decreasing EMA 5 / SMA 8 (Green / Red) on the H4 chart.
I'm still planning to trade downward but with a smaller risk percentage and a thighter T/P since I could be trading the retracement of a new uptrend.

I'm in if it hits 1.4407 with S/L 1.4475 and a T/P at 1.4284.
If not I will go for a long.
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What's that smell? ---- I smell money!
  • #426,291
  • Mar 18, 2016 6:52am Mar 18, 2016 6:52am
Quoting fxmasterdxb
{quote} Time frame
ha, oops
Come with me if you want to live....
  • #426,292
  • Mar 18, 2016 8:28am Mar 18, 2016 8:28am
Quoting elbert3
{quote} 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 {image} not trading much as i have a big project to contend with , regards to all E
Hi E,

Good Analysis, just saw that a break of 1.4580 becomes crucial for the pair while reversal is more likely if it dips below 1.4280 (as said by you).

Have a great weekend.....
  • #426,293
  • Edited 12:33pm Mar 18, 2016 11:17am | Edited 12:33pm
1.4500 resistance seems broken, is that a false break
Failure is not failure if you learn from it...
  • #426,294
  • Mar 18, 2016 2:27pm Mar 18, 2016 2:27pm
Closed at 145 earlier - plan of action is to wait for a re test of 145 monday - see how asia play the set up ..
to scalp some more ..
  • #426,295
  • Mar 18, 2016 2:30pm Mar 18, 2016 2:30pm
Quoting suneth2
1.4500 resistance seems broken, is that a false break
145 seems par for middle of the road of 140 - 150 so would expect some movement south from here - but obviously not straight away, they never do .. do they
feeling 150 is not so far off the mark
  • #426,296
  • Edited 9:59am Mar 19, 2016 8:20am | Edited 9:59am
Ive known this to be true for some time ,large like that takes time ,but the ribbon on h1 gives more a reason why ,such momentum works this way from higher tf tech ,100 pips printed d1 one way or other cable ,patience is required for opposite mostly



Quoting Bones
I can show you low tf selling will be picked up {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #426,297
  • Mar 19, 2016 8:21am Mar 19, 2016 8:21am
#GBPUSD looking for a pullback for 2 days, after that could continue higher to maybe 3-28,29 ...... will watch PA on Sunday night open to determine if my calculation are on point
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"W. D. Gann said that time is the most important factor among all things."
  • #426,298
  • Mar 19, 2016 8:28am Mar 19, 2016 8:28am
cables over brought on D1 ,maybe side will be seen
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #426,299
  • Mar 19, 2016 9:01am Mar 19, 2016 9:01am
We may see gap up around 1.4540-1.4570, then way straight down.
  • #426,300
  • Mar 19, 2016 10:49pm Mar 19, 2016 10:49pm
Quoting ahmedfouad77
We may see gap up around 1.4540-1.4570, then way straight down.

I have a target around 4550 - 4600 too.
AU looks bullish too, have a look at that one.

Probably too early to call for shorts, gonna see how it reacts at 1.46 thereabout.......
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