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Cable Update (GBPUSD)

  • #429,001
  • Apr 20, 2016 6:34am Apr 20, 2016 6:34am
Quoting craiggary
{quote} I'm off to bed down here in Aus. As Long as Price doesn't break above my Yellow "A" Then my Triangle is intact. It it does I'll take my .5% Loss on the chin and come back to fight another day. Wish everyone the best. Craig. {image}
yeah...same idea with u .I will beware 1.4444 that area. all the best bro.
  • #429,002
  • Apr 20, 2016 6:40am Apr 20, 2016 6:40am
I can show you what an inverted hammer looks like


Quoting trademb
Any one see an inverted hammer on H1 and M30. Possibly a good buying point? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,003
  • Apr 20, 2016 6:45am Apr 20, 2016 6:45am
Quoting trademb
Any one see an inverted hammer on H1 and M30. Possibly a good buying point? {image}
Don't think that counts as one. Only at the bottom of a downtrend.

grtz
Attached Image
What's that smell? ---- I smell money!
  • #429,004
  • Apr 20, 2016 6:50am Apr 20, 2016 6:50am
Quoting SteFX85
{quote} Don't think that counts as one. Only at the bottom of a downtrend. grtz {image}
Its was at the bottom of the downtrend on the M30. I originally posed the H1 chart
Attached Image
  • #429,005
  • Apr 20, 2016 7:01am Apr 20, 2016 7:01am
Quoting trademb
{quote} Its was at the bottom of the downtrend on the M30. I originally posed the H1 chart {image}
That's not a trend to me.
Anyway I don't use candlestick patterns on those timeframes.

grtz
What's that smell? ---- I smell money!
  • #429,006
  • Apr 20, 2016 7:02am Apr 20, 2016 7:02am
honestly even 30 min its not you zoomed in way to close ,price is consolidating at res ,consolidation is not great candles anyway either way


Quoting trademb
{quote} Its was at the bottom of the downtrend on the M30. I originally posed the H1 chart {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,007
  • Apr 20, 2016 7:07am Apr 20, 2016 7:07am
Quoting Bones
honestly even 30 min its not you zoomed in way to close ,price is consolidating at res ,consolidation is not great candles anyway either way {quote} {image}

Cheers Bones.

So you and steFX are saying that candlestick patterns on M30 are no good? or they need to be involved in a proper trend?
  • #429,008
  • Apr 20, 2016 7:08am Apr 20, 2016 7:08am
Quoting SteFX85
Sell stop got hit, could be a little early. Let's see what the rest of the day brings. Could the news be a mover? {image} {image} {image}
I don't understand why you draw your TL through the body of the candle I highlight in yellow instead of beneath the body
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 29 KB
Come with me if you want to live....
  • #429,009
  • Apr 20, 2016 7:15am Apr 20, 2016 7:15am
looks to be in an upswing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 30 KB
Click to Enlarge Name: GBPUSDH4.png Size: 39 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 37 KB
Come with me if you want to live....
  • #429,010
  • Apr 20, 2016 7:20am Apr 20, 2016 7:20am
Quoting Ill-b-back
looks to be in an upswing {image} {image} {image}
Hi mate.

Out of interest. Can you explain how you draw that conclusion from your lines?

Thanks
  • #429,011
  • Apr 20, 2016 7:21am Apr 20, 2016 7:21am
What about this one?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.JPG Size: 48 KB
  • #429,012
  • Apr 20, 2016 7:27am Apr 20, 2016 7:27am
Quoting trademb
{quote} Hi mate. Out of interest. Can you explain how you draw that conclusion from your lines? Thanks
​I'm not sure what you mean
Price is above the lines, making higher lows and a higher high, attacking resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 29 KB
Come with me if you want to live....
  • #429,013
  • Apr 20, 2016 7:30am Apr 20, 2016 7:30am
Quoting Jure86
What about this one? {image}
Yes I saw that one but I see better confluence with my combination of lines and bullish overall swinging PA as outlined above
Only time will tell
Come with me if you want to live....
  • #429,014
  • Apr 20, 2016 7:31am Apr 20, 2016 7:31am
Quoting Ill-b-back
{quote} ​I'm not sure what you mean Price is above the lines, making higher lows and a higher high, attacking resistance. {image}
Makes sense.

Cheers
  • #429,015
  • Apr 20, 2016 7:34am Apr 20, 2016 7:34am
Quoting trademb
{quote} Makes sense. Cheers
Now watch it drop
Come with me if you want to live....
  • #429,016
  • Apr 20, 2016 7:41am Apr 20, 2016 7:41am
Quoting Ill-b-back
{quote} Now watch it drop

I hope not also.
  • #429,017
  • Apr 20, 2016 7:44am Apr 20, 2016 7:44am
Quoting trademb
{quote} I hope not also.
As usual, I won't be awake to see it unless I get up in the middle of the night for a leak

I'm on the wrong side of 40 now....
Come with me if you want to live....
  • #429,018
  • Apr 20, 2016 8:01am Apr 20, 2016 8:01am
no they are ,red candle then next candle inverted hammer at a high its unlikely ,espiecally current condition location ,lower tf obviously less reliable
I could see a doji on d1 ,


Quoting trademb
{quote} Cheers Bones. So you and steFX are saying that candlestick patterns on M30 are no good? or they need to be involved in a proper trend?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 26 KB
Click to Enlarge Name: USD d1 (DFB).png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,019
  • Apr 20, 2016 8:14am Apr 20, 2016 8:14am
ok . m15 triangle range .bear will try stop bull rising and h4 chart have both pinbar reject candle. may be this combine will increase probability sell setup.​
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 31 KB
  • #429,020
  • Apr 20, 2016 8:15am Apr 20, 2016 8:15am
Quoting Bones
no they are ,red candle then next candle inverted hammer at a high its unlikely ,espiecally current condition location ,lower tf obviously less reliable I could see a doji on d1 , {quote} {image} {image}
I am waiting to see whether the pair will break above the resistance at 1.4400, because if it does I think it will continue rising towards 1.4600 and it will be time for longs.

As for the doji candlestick on the daily time frame - that candlestick hasn't closed yet. For all we know, it may not close as a doji. If it does like a doji and the pair doesn't break above 1.4400 it could start falling again, but it's too early to tell for now.
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