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Cable Update (GBPUSD)

  • #427,241
  • Apr 3, 2016 12:35pm Apr 3, 2016 12:35pm
Short-term golden levels for scalping the range.

http://www.forexfactory.com/showthre...32#post8850532

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  • #427,242
  • Apr 3, 2016 12:38pm Apr 3, 2016 12:38pm
Quoting Quinton
Short-term golden levels for scalping the range. http://www.forexfactory.com/showthre...32#post8850532 {image}
Thank you, very good levels!
  • #427,243
  • Edited 12:56pm Apr 3, 2016 12:43pm | Edited 12:56pm
looks like inverted hammer to me in connection with piercing line ,for that thought id rather not go under last red candle , the gap is the only thing that holds me back from being more confident
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,244
  • Apr 3, 2016 12:47pm Apr 3, 2016 12:47pm
Quoting gfscapital
My outlook on Cable for this week Cable, also as expected, reversed from the major support as indicated in the last weeks analysis. GBPUSD moved from 1.4050 towards 1.4450 and closed the week at 1.4222 giving up most of the gains. I managed to close some of that rally see GBPUSD short trade setup I still see cable to be a rather bearish case in the short to midterm. There is no indication from the Commitments of traders that markets are turning bullish yet. The double bottom at 1.3850 could be possible...
Interesting analysis. Thanks for taking the time to share/post!
  • #427,245
  • Apr 3, 2016 12:47pm Apr 3, 2016 12:47pm
http://www.theguardian.com/politics/...s-brexit-leave

This can do some damage tonight.
  • #427,246
  • Apr 3, 2016 12:56pm Apr 3, 2016 12:56pm
Quoting gfscapital
There is no indication from the Commitments of traders that markets are turning bullish yet.
\

this is true, however COT is not a leading indicator, there could be a flip in COT positioning and index when market moved 500+ pips from the bottom. COT is useful but it won't give you a precise entry / turning point.
  • #427,247
  • Apr 3, 2016 1:39pm Apr 3, 2016 1:39pm
How about this. We are all correct. Let's open a hedge fund, raise 500 million, put our ideas in play, and buy our own island!! I'm ready....
  • #427,248
  • Apr 3, 2016 1:44pm Apr 3, 2016 1:44pm
Quoting nealpek
How about this. We are all correct. Let's open a hedge fund, raise 500 million, put our ideas in play, and buy our own island!! I'm ready....
sounds like a good deal, Maldives or Seychelles would work just fine. )))
  • #427,249
  • Apr 3, 2016 1:47pm Apr 3, 2016 1:47pm
As long as I can get the drinks with those little umbrella thingies, that would be fine...
  • #427,250
  • Apr 3, 2016 1:49pm Apr 3, 2016 1:49pm
Quoting asgcorp
{quote}\ this is true, however COT is not a leading indicator, there could be a flip in COT positioning and index when market moved 500+ pips from the bottom. COT is useful but it won't give you a precise entry / turning point.
True.
COT report is not designed as a market entry tool. The market can be short term bullish in a long term downtrend.
COT report is designed to gauge supply and demand of important market participants.
I use it to confirm mid/long term fundamental bias in a given market.
HumbleTraders
  • #427,251
  • Apr 3, 2016 1:52pm Apr 3, 2016 1:52pm
Quoting gfscapital
{quote} True. COT report is not designed as a market entry tool. The market can be short term bullish in a long term downtrend. COT report is designed to gauge supply and demand of important market participants. I use it to confirm mid/long term fundamental bias in a given market.
I like COT better right now on AUD USD and USD CAD. The direction is clear here for now.
  • #427,252
  • Apr 3, 2016 8:40pm Apr 3, 2016 8:40pm
#GBPUSD Short @ 1.4236 / SL 1.4300 / C 1.4140 my calculation are telling me that pound will head down today but will pop on 4-5-16
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #427,253
  • Apr 3, 2016 8:57pm Apr 3, 2016 8:57pm
Quoting gfscapital
My outlook on Cable for this week Cable, also as expected, reversed from the major support as indicated in the last weeks analysis. GBPUSD moved from 1.4050 towards 1.4450 and closed the week at 1.4222 giving up most of the gains. I managed to close some of that rally see GBPUSD short trade setup I still see cable to be a rather bearish case in the short to midterm. There is no indication from the Commitments of traders that markets are turning bullish yet. The double bottom at 1.3850 could be possible...
excellent analysis sir, very good catch of possibilities
  • #427,254
  • Apr 3, 2016 10:11pm Apr 3, 2016 10:11pm
going long with sl 1.42220 tp1 1.4300 tp2 1.4350
  • #427,255
  • Apr 3, 2016 10:33pm Apr 3, 2016 10:33pm
looks like 4280 now a bullish target
Come with me if you want to live....
  • #427,256
  • Apr 3, 2016 11:29pm Apr 3, 2016 11:29pm
Quoting PatienceFx
going long with sl 1.42220 tp1 1.4300 tp2 1.4350
i was wrong
  • #427,257
  • Apr 3, 2016 11:48pm Apr 3, 2016 11:48pm
Quoting PatienceFx
{quote} i was wrong
me too...im op buy
  • #427,258
  • Apr 4, 2016 12:43am Apr 4, 2016 12:43am
Quoting Ill-b-back
looks like 4280 now a bullish target
yep, wrong side also.
4250 area will be max climb I think. Will look to sell from there
Come with me if you want to live....
  • #427,259
  • Apr 4, 2016 12:49am Apr 4, 2016 12:49am
Referred to over here as the 3 sisters
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Come with me if you want to live....
  • #427,260
  • Apr 4, 2016 1:54am Apr 4, 2016 1:54am
lets see how low cable can drop before bouncing to 4400 area

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