Cable Update (GBPUSD)

Short term direction depends on the "tango dance" at the .4071 line. Should be the determinant for next move up or down.

added some usdchf based on s/r

USDCAD new trade setup

One more easy strategy of trading. Look at any time frame, in this case a 1hr chart, and ask yourself this question after the move already occurred.
Where do I wish I could have gotten in for this move had I known? Each rectangle is everyones dream trades. If you wish you had gotten in on those trades, this is where the "money" wishes, or wants to initiate trades again! In each case, price returned to "do it again". The only place not returned to yet is below. They "do" what you "wish" for. Keep that in mind when looking at the "wish" below and to your left.
Could be interesting...

hybernation mode until next week

ATM, short is looking pretty good!!! I always wait till the close of the candle!!

nah I don't think so, shorting @ DP don't make much sense imo.

can't short this H1 GU due to 1) being @ DP 2 ) support @ 50 of green tower candle.

You're right, patience is the key, the market will show its hand!

I'm telling you it's over, can just grab you GF/wife and go to the movies / do some cardio in the gym or oder super-size italian pizza. Come back monday it's same old guys. Come back for LO Monday.

Sounds like a plan Still think there is another leg down!!!

my take is that any H4 price action above 4080 is maintaining bullish bias in GU. If we close this week above 4080 pretty much downside below 4000 is locked for now.

What I personally see is that we will range for a few sessions 4080 - 4140 - 4160 pretty much in tight conso mode and then maybe late Tuesday - Wednesday we explode higher. There is heavy GU releases on Tuesday my take we pretty much stay rangebound until then.

range tightening yesterday and today and probably monday instead of regular 150+ we get measly 100 points this is building up power for the next move imo, atm I see downside VERY limited and upside all clear for a take off to 4500.

Could be, anything is possible. Good plausible analysis. Time will tell... have a nice weekend, gonna take your advice and squeeze the wife!, lol

Fed To Hold Closed, Unexpected Meeting Under "Expedited Procedures" On Monday To Discuss Rates (ZeroHedge)

yeah good deal sir, have a good one also!

Interesting "news" to come. Bet you the boys are preparing for the move, up or down!!

nice comments there also. here's one kicker.

Booo Yahhh Ski Daddy! BUY BUY BUY! SELL SELL SELL! I remember this "shill" telling everyone to Buy Bear Stearns in the final 2 weeks before they collapsed.
Solid advice for sure...lol

#12 Trade Plan
If price opens in the yellow zone below the support pennant line = sell setup for 2% risk.
If price hits the yellow zone above the support pennant line = sell setup for 2% risk

.....
How about just put in the bank in CD and get 2% annually with no risk....

Hei...Just kidddiiiing Bro......