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Cable Update (GBPUSD)

  • #426,861
  • Mar 28, 2016 10:50am Mar 28, 2016 10:50am
Quoting asgcorp
meanwhile dollar is getting slaughtered dollar weakness could be a reason we don't get any dip in GBP USD. {image}
USD weakness
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  • #426,862
  • Mar 28, 2016 10:50am Mar 28, 2016 10:50am
GBP/USD 4h TF : Sell Limit @ 1.4290 (Possible scenario, Bullish Shark Harmonic Pattern to Bearish 5-0 Harmonic Pattern)
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  • #426,863
  • Mar 28, 2016 10:54am Mar 28, 2016 10:54am
this pattern is called bullish cypher, shark is inverted. the pattern will still work. but not before we push to 4340 next 1-2 sessions. Probably we get to 4340 Wednesday and then reverse.
  • #426,864
  • Mar 28, 2016 10:58am Mar 28, 2016 10:58am
I posted this in my thread a while ago. GU is not going below 3960, the bottom is in on GU already and 3960 will represent slightly lowered right shoulder on Daily GU.
You have to realize that for GU to push below 3900 EURGBP will have to push above 8000 and that's a 5% probability, EURGBP is already @ 95% of it's year range.
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  • #426,865
  • Mar 28, 2016 11:03am Mar 28, 2016 11:03am
Gbpusd m1

??? Ab=cd
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  • #426,866
  • Mar 28, 2016 11:12am Mar 28, 2016 11:12am
Quoting mrhb30jr
Gbpusd m1 ??? Ab=cd {image}
yeah watching same thing on M5.
  • #426,867
  • Mar 28, 2016 11:26am Mar 28, 2016 11:26am
ok I see that the bias is long I din't get a decent entry upon the dip, I'd wait for LO tmrw see what big boys do. ill take a pass on gu for now.
  • #426,868
  • Mar 28, 2016 11:42am Mar 28, 2016 11:42am
Quoting asgcorp
ok I see that the bias is long I din't get a decent entry upon the dip, I'd wait for LO tmrw see what big boys do. ill take a pass on gu for now.
Good Plan bro

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  • #426,869
  • Mar 28, 2016 11:42am Mar 28, 2016 11:42am
Quoting fxmasterdxb
long cable 1.4241 target 1.4310 SL 1.4210 Probably by tomorrow
nice entry my friend nice entry. regardless where it goes you still get a free trade now.
  • #426,870
  • Mar 28, 2016 11:48am Mar 28, 2016 11:48am
Anyone else waiting to short it here ??
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  • #426,871
  • Mar 28, 2016 11:53am Mar 28, 2016 11:53am
Quoting asgcorp
gu's not going to 4180 before it does 4340 forget it.
Agreed
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #426,872
  • Mar 28, 2016 11:58am Mar 28, 2016 11:58am
Quoting timos
Anyone else waiting to short it here ?? {image}
USDx 4hr Range M1 TF close inside previous bearish range

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  • #426,873
  • Mar 28, 2016 12:02pm Mar 28, 2016 12:02pm
Quoting asgcorp
{quote} nice entry my friend nice entry. regardless where it goes you still get a free trade now.

Hope you are enjoying some green pips as well
  • #426,874
  • Mar 28, 2016 12:08pm Mar 28, 2016 12:08pm
Quoting mrhb30jr
{quote} USDx 4hr Range M1 TF close inside previous bearish range {image}
I disagree
Dollar is rising slowly and is on uptrend as well
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  • #426,875
  • Mar 28, 2016 12:09pm Mar 28, 2016 12:09pm
Quoting fxmasterdxb
{quote} Hope you are enjoying some green pips as well
waiting for (a potential) better entry near 4210-20 area, if I don't get that, I'd see what LO does tmrw, alternatively I'll just look for an entry to go short near 4340.
so it's all good in the hood.
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  • #426,876
  • Mar 28, 2016 12:11pm Mar 28, 2016 12:11pm
Quoting timos
{quote} is on uptrend as well {image}
keep posting you are a funny guy
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  • #426,877
  • Mar 28, 2016 12:15pm Mar 28, 2016 12:15pm
Quoting asgcorp
{quote} keep posting you are a funny guy {image}
I will indeed.
The true supple for USD is way above that....
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Trade well
  • #426,878
  • Mar 28, 2016 12:21pm Mar 28, 2016 12:21pm
fast forward same chart till today. Talk about true supply you must be Sam Seiden.
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  • #426,879
  • Mar 28, 2016 12:27pm Mar 28, 2016 12:27pm
here's some bad news for you Mr Sam Seiden. Dollar is in downtrend and it's still not over until we reach targets further South and this could be not until mid April. Dollar is not only technically weak, but also fundumentally weak, once new month kicks in in April new flow of funds will prop risk assets higher including GU and EU. Rate hike probabilities are very low until June according to Bloomberg, so until we see some definitive action from Fed there's more room for dollar to go South.
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  • #426,880
  • Mar 28, 2016 12:39pm Mar 28, 2016 12:39pm
Quoting asgcorp
I posted this in my thread a while ago. GU is not going below 3960, the bottom is in on GU already and 3960 will represent slightly lowered right shoulder on Daily GU. You have to realize that for GU to push below 3900 EURGBP will have to push above 8000 and that's a 5% probability, EURGBP is already @ 95% of it's year range. {image}
Unfortunately we will see 3960. GU is presently preparing for a major down move. My take profit for this first upwave is 1.4316 sometime tomorrow hopefully but if 4316 is not breached before market close morrow then will take profit at close price and wait for a good price to ride the bi..h down.
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