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Cable Update (GBPUSD)

  • #429,301
  • Apr 24, 2016 1:28pm Apr 24, 2016 1:28pm
hey guys just posting this for someone who PMed me asking how to get a decent TP level on GU longs for next week so don't go bananas over this. )))

Ok so here we go. Pop open H1 GU chart and in drawing tools MT4 terminal extend std dev channel based on 2 reference points in the chart from a to b. Now open up objects choose std dev channel and adjust std dev setting to 2. Ok to now compress your chart so that area directly above 4400 can be seen.
Now the area highlighted in orange should be your TP +-20 points in GU.

That's one way of doing it, not going into fib extensions in here.
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  • #429,302
  • Apr 24, 2016 1:32pm Apr 24, 2016 1:32pm
Quoting Ill-b-back
another red rejection in the region of previous 2 daily swing tops {image} {image}
any drop we get I would only see as a retrace to the retest before more bull
Come with me if you want to live....
  • #429,303
  • Apr 24, 2016 1:35pm Apr 24, 2016 1:35pm
Quoting Ill-b-back
Its not arguements, anyone can be wrong at anytime, big picture it averages out with a skew towards ability abviously, but aussie and kiwi are dropping hard, so these need to be factored in
we good bro ))) you are the last one I want to challenge in here. Keep it g'ed up boss!
  • #429,304
  • Apr 24, 2016 1:41pm Apr 24, 2016 1:41pm
Quoting asgcorp
{quote} we good bro ))) you are the last one I want to challenge in here. Keep it g'ed up boss!
lol, so you stacking your 20 lots up against my minis,' I ain't the boss My anslysis is very bullish bias with GA and GN I think they are clear, but commodities are taking a beating also
Come with me if you want to live....
  • #429,305
  • Apr 24, 2016 1:44pm Apr 24, 2016 1:44pm
Since we are just talking shit anyways....

We are still below a weekly supply zone, sitting at about 1.45, price could easily still collapse onto itself.
That being said. from a Monthly Perspective, if we do clear the buck forty five area, it seems like a pretty clear shot to 1.48.

I'm thinking long yet, given the buying into Market Close, but hey, it's a new week.

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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,306
  • Apr 24, 2016 1:46pm Apr 24, 2016 1:46pm
yeah GN is a monster week range is 600 last 8 average, last week we had expansion to 700 points and RBNZ up mid-week this could be a 1 candle 500+ points deal, this thing is insane, my take is we hit 2.14-2.15 then very good chance for a reversal. Let's see what we get definately lot's of action incoming.
  • #429,307
  • Apr 24, 2016 1:48pm Apr 24, 2016 1:48pm
The high has to be taken out before any upmove takes place... if it isn't then there is only one place for it to go. we are in a clear downtrend on daily for a while. price will normally go to x before it gets to y and vice versa... if x isn't reached then y becomes less likely
  • #429,308
  • Apr 24, 2016 1:48pm Apr 24, 2016 1:48pm
my bias
A. Feds don't raise
Sell USD on dips

B.Feds do raise
Buy USD on dips

My overall bias is USD weakness will continue on longer term.We could see 1.50 by Sept. UK will most likely stay in Euro
Prefer buying AU and NU at good levels.Will love if they crash few hundreds pips lower.
In trading, you have to be defensive and aggressive at the same time
  • #429,309
  • Apr 24, 2016 1:48pm Apr 24, 2016 1:48pm
Quoting asgcorp
yeah GN is a monster week range is 600 last 8 average, last week we had expansion to 700 points and RBNZ up mid-week this could be a 1 candle 500+ points deal, this thing is insane, my take is we hit 2.14-2.15 then very good chance for a reversal. Let's see what we get definately lot's of action incoming.
yep, I got 2.15 also on the money to resistance
Come with me if you want to live....
  • #429,310
  • Apr 24, 2016 1:51pm Apr 24, 2016 1:51pm
Man, been awake since 1.15am, that's enough for me
Come with me if you want to live....
  • #429,311
  • Apr 24, 2016 2:36pm Apr 24, 2016 2:36pm
Everybody talks about longs on GU.
I am still skeptical because we didn't close above 1.4404/05.

A correction coming?
  • #429,312
  • Apr 24, 2016 2:36pm Apr 24, 2016 2:36pm
for me buy all the way
  • #429,313
  • Apr 24, 2016 2:41pm Apr 24, 2016 2:41pm
Quoting adetola99
for me buy all the way
good luck with that
  • #429,314
  • Apr 24, 2016 2:42pm Apr 24, 2016 2:42pm
Quoting Magix
.... We are still below a weekly supply zone, sitting at about 1.45, price could easily still collapse onto itself. That being said. from a Monthly Perspective, if we do clear the buck forty five area, it seems like a pretty clear shot to 1.48. I'm thinking long yet, given the buying into Market Close, but hey, it's a new week. {image}


Better approach, better attitude.

KP
Do your homework, follow the footprints of smart money
  • #429,315
  • Apr 24, 2016 2:49pm Apr 24, 2016 2:49pm
Quoting attilafx
Everybody talks about longs on GU. I am still skeptical because we didn't close above 1.4404/05. A correction coming?
Will depends what will do Eurusd...
Try don't lose pants never...
  • #429,316
  • Apr 24, 2016 2:50pm Apr 24, 2016 2:50pm
Quoting braintheboss
{quote} Will depends what will do Eurusd...
does it? since when?
  • #429,317
  • Apr 24, 2016 3:10pm Apr 24, 2016 3:10pm
Quoting Don96
{quote} does it? since when?
UK make much business in Europe. Normally are linked. Only in economy divergence can go in opposite ( hike...)
Try don't lose pants never...
  • #429,318
  • Apr 24, 2016 3:16pm Apr 24, 2016 3:16pm
Quoting braintheboss
{quote} UK make much business in Europe. Normally are linked. Only in economy divergence can go in opposite ( hike...)
I mean what is the link between EU and GU... if euro is weak it doesn't mean that pound is... GBP will rise regardless if it has strength, it doesn't require other currencies to be strong as well... mainly because it is only UK that uses GBP... Euro funder relies on a lot of countries and its stability is weaker...
if that's what you mean by depends on EU
  • #429,319
  • Apr 24, 2016 3:20pm Apr 24, 2016 3:20pm
pre-market GBPUSD gap up. 4480 max.
Attached Image
  • #429,320
  • Apr 24, 2016 3:24pm Apr 24, 2016 3:24pm
GN up 100+ points pre-market.
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