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Cable Update (GBPUSD)

  • #427,501
  • Apr 6, 2016 2:07pm Apr 6, 2016 2:07pm
East!
Ghost Rider - WWTBMD?
  • #427,502
  • Apr 6, 2016 2:11pm Apr 6, 2016 2:11pm
Holy cow! Not Chris!!! Which way is up? That Way...
  • #427,503
  • Apr 6, 2016 2:15pm Apr 6, 2016 2:15pm
Quoting nealpek
Holy cow! Not Chris!!! Which way is up? That Way...
LOL ... sorry man, just couldn't help myself after all the FOMC excitement! ...

How ya been?
Ghost Rider - WWTBMD?
  • #427,504
  • Apr 6, 2016 2:17pm Apr 6, 2016 2:17pm
Been good, markets have treated me nicely! Still active in the markets?
  • #427,505
  • Apr 6, 2016 2:22pm Apr 6, 2016 2:22pm
Quoting nealpek
Been good, markets have treated me nicely! Still active in the markets?
That's good to hear. Been watching your posts ... Me? Oh yeah, still dabbling here and there. Don't play with GU much these days though. Too slow.
Ghost Rider - WWTBMD?
  • #427,506
  • Apr 6, 2016 2:29pm Apr 6, 2016 2:29pm
Great to hear from you, glad everything is cool! Gotta pick up the kids from educational mind control reprogramming classes. Catch you later...
  • #427,507
  • Apr 6, 2016 2:34pm Apr 6, 2016 2:34pm
Quoting nealpek
Great to hear from you, glad everything is cool! Gotta pick up the kids from educational mind control reprogramming classes. Catch you later...
Getting scary these days no? Glad mine are all growed up! Take care brother and trade safe!
Ghost Rider - WWTBMD?
  • #427,508
  • Apr 6, 2016 2:42pm Apr 6, 2016 2:42pm
Hi ASGCORP .., I purchased the 'Challenger ticket' ...any additional information for 'the departure time' ..?

http://www.forexfactory.com/attachme...1&d=1459958285
  • #427,509
  • Apr 6, 2016 3:00pm Apr 6, 2016 3:00pm
#GBPUSD looks like a bear trap candle to me, tomorrow and Friday could be pivot lows, but looking at today candle it may be here already.... if my calculation are correct it should trend upward for a few days.... will wait for PA to confirm the buy signal.... but it looks like some early bulls got in early....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4-6-16.png Size: 68 KB
"W. D. Gann said that time is the most important factor among all things."
  • #427,510
  • Apr 6, 2016 3:02pm Apr 6, 2016 3:02pm
Quoting ghinnz
Hi ASGCORP .., I purchased the 'Challenger ticket' ...any additional information for 'the departure time' ..? {image}
well done bro.

Allright now it's just a waiting game, it can go straight up, or mess around and dip 50 pips, so manage your exposure accordingly. Here's the H4 GU review. As you can see price pushed away from the bottom in the highlighted zone.

My take is that chances are VERY high we will revisit top range on the chart within next few weeks, until April 20nd. So just hold your position until at least 4550 and then we can take out 4750. I don't see GU trading above 4750 due to risks of USD hikes imminent and Brexit issue weighing down on the spot exchange rate.

You would do good by holding long trades until TP and then reversing again @ 4550-4650 area, since pretty much above issues won't let GBP USD out of it's range - 3900 - 4600.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
  • #427,511
  • Apr 6, 2016 3:05pm Apr 6, 2016 3:05pm
#GBPUSD Monthly Candle chart trend line got all the bulls to show up!
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #427,512
  • Apr 6, 2016 3:07pm Apr 6, 2016 3:07pm
also when calculating your TP consider avg month range on GU which is 550 points for the last 8 months.
So if the speculative bottom lies @ 4000 your month high is projected @ 4650. So to play it safe you can TP @ 4550-4600 on your current longs.

Hope this helps!
  • #427,513
  • Apr 6, 2016 3:11pm Apr 6, 2016 3:11pm
you pretty much can't beat April seasonality in GBP USD. Last 10 years April GBP USD goes up. My take is that this has to do with tax period in UK and fiscal policy, pretty much GBP USD is supported by the inflows of funds.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 408 KB
Click to Enlarge Name: Screenshot2.png Size: 62 KB
  • #427,514
  • Apr 6, 2016 3:20pm Apr 6, 2016 3:20pm
He..he..I was just messing with you bro...
Thank you for the TA review. I appreciate it.
  • #427,515
  • Apr 6, 2016 3:21pm Apr 6, 2016 3:21pm
#GBPUSD only thing that concerns me is that pound is building a SQ to the downside (the last indicator) meaning it wants to explode downward and release pressure...
but today candle seems like a early pivot low..... my cycle analysis indicates a pop tomorrow or friday.... so I will be watching PA very closley
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4-6-16.png Size: 156 KB
"W. D. Gann said that time is the most important factor among all things."
  • #427,516
  • Apr 6, 2016 3:22pm Apr 6, 2016 3:22pm
Quoting Ill-b-back
looks dangerously bearish to me. 4150 area would be a very good short in my opinion {image} {image} {image}
we got there eventually. I wonder if Yellen will spike us up to 42xx tomorrow
Come with me if you want to live....
  • #427,517
  • Apr 6, 2016 3:34pm Apr 6, 2016 3:34pm
#GBPUSD look at what the pound did last year..... The devil is in the details
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4-6-16.png Size: 132 KB
"W. D. Gann said that time is the most important factor among all things."
  • #427,518
  • Apr 6, 2016 3:42pm Apr 6, 2016 3:42pm
on your chart USD you got inverted H&S on GU nailed pretty much. A gentle reminder what's up next.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB
  • #427,519
  • Apr 6, 2016 3:49pm Apr 6, 2016 3:49pm
Quoting asgcorp
also when calculating your TP consider avg month range on GU which is 550 points for the last 8 months. So if the speculative bottom lies @ 4000 your month high is projected @ 4650. So to play it safe you can TP @ 4550-4600 on your current longs. Hope this helps!
So far my TP is just 4318 or higher ...but thank you though..
  • #427,520
  • Apr 6, 2016 3:57pm Apr 6, 2016 3:57pm
Quoting Ill-b-back
{quote} we got there eventually. I wonder if Yellen will spike us up to 42xx tomorrow
Different picture now to history.
Monthly has clearly broken south of muti year support line
Still got a bearish view. A spike may strike 4230 or so
Can only wait and see...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 30 KB
Click to Enlarge Name: GBPUSDH4.png Size: 32 KB
Click to Enlarge Name: GBPUSDDaily1.png Size: 27 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 27 KB
Come with me if you want to live....
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