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Cable Update (GBPUSD)

  • #429,741
  • Apr 27, 2016 9:54am Apr 27, 2016 9:54am
USDX daily the latest bounce from 94 was very shallow and bears took over almost immediately. Daily looks very weak.
Bears might drag this lower yet into next support area @ 92.80
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  • #429,742
  • Apr 27, 2016 10:00am Apr 27, 2016 10:00am
Quoting dean1star
{quote} Hey Bulldog you going in on FOMC - almost everyone else around here seems to be shitting in their pants over it .. Staying long on this one www.youtube.com/watch?v=PaZHhRcH7JE
2 possible scenarios.

1. Drop to support for a Dead Cat Bounce.
2. Clear zone and re-test previous resistance.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,743
  • Apr 27, 2016 10:00am Apr 27, 2016 10:00am
the journey continues

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  • #429,744
  • Apr 27, 2016 10:01am Apr 27, 2016 10:01am
Rsi support breaking?

Let's see if it can break 50.
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What's that smell? ---- I smell money!
  • #429,745
  • Apr 27, 2016 10:02am Apr 27, 2016 10:02am
Quoting Don96
{quote} you went long? I would consider long, stops just below 1.4540, half a position perhaps. and maybe wait for 1.4550 or the low it posted, again only small tf of levels smaller etc etc u get the deal. I'm flat on GU anyway, Shorted silver @1730ish
lol, the first time it went down there was the reason I considered and didn't enter, I hope you aren't in dean

1.4490 may be a better chance for longs, if the micro 4h fib I have is valid... it produced 1.4618/31 and 48... whatever, way too many incorrect calls on this last couple of days so
  • #429,746
  • Apr 27, 2016 10:05am Apr 27, 2016 10:05am
Quoting PatienceFx
the journey continues {image}
who remembers this chart i shared 1 century back [ yesterday ]

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  • #429,747
  • Apr 27, 2016 10:17am Apr 27, 2016 10:17am
remember my bullish trend is friend counterparts
without a break up its only consolidation,with momentum 3-4 h12 candles set a bullish problem big time ,without lower to supply zone


Quoting Bones
proberbility is with bears that a retrace will a least happen ,and range will hold imo ,there also this unconfirmed tl to add to the pivot zone, {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,748
  • Apr 27, 2016 10:30am Apr 27, 2016 10:30am
good work evening star pattern

Quoting Bones
looks like auds version evening star to me {quote} {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,749
  • Apr 27, 2016 10:31am Apr 27, 2016 10:31am
SHORT
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  • #429,750
  • Apr 27, 2016 10:33am Apr 27, 2016 10:33am
Mixed signals all over

In a short. Buy stop in place for a hedge.

For the short term I would say move down to 450x - 445x. Long term going up - 480x
What's that smell? ---- I smell money!
  • #429,751
  • Apr 27, 2016 10:39am Apr 27, 2016 10:39am
looking @ EUR GBP weekly almost perfect marubozu previously followed by a gap lower strong bearish setup imo.
The pullback from the lows also very shallow. This goes in line with my projection that EG pretty much topped out.

EG likely a continuation pattern that does hint @ further GU upside.

GU current push lower might be a sweep before institutionals get in @ a lower rate.
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  • #429,752
  • Apr 27, 2016 10:47am Apr 27, 2016 10:47am
Quoting asgcorp
looking @ EUR GBP weekly almost perfect marubozu previously followed by a gap lower strong bearish setup imo. The pullback from the lows also very shallow. This goes in line with my projection that EG pretty much topped out. EG likely a continuation pattern that does hint @ further GU upside. GU current push lower might be a sweep before institutionals get in @ a lower rate. {image}
Easy to guess when your not in it hey bubba
  • #429,753
  • Apr 27, 2016 10:49am Apr 27, 2016 10:49am
Quoting dean1star
{quote} Easy to guess when your not in it hey bubba
well being in with demo dollars makes any difference? What are you gonna do with the demo dollars? Buy yourself a demo X6M?
  • #429,754
  • Apr 27, 2016 10:53am Apr 27, 2016 10:53am
Quoting dean1star
{quote} Easy to guess when your not in it hey bubba
hi dean
are you still keep your long?
  • #429,755
  • Apr 27, 2016 10:58am Apr 27, 2016 10:58am
Quoting asgcorp
{quote} well being in with demo dollars makes any difference? What are you gonna do with the demo dollars? Buy yourself a demo X6M?
where does it say demo?
  • #429,756
  • Apr 27, 2016 11:03am Apr 27, 2016 11:03am
there should be no doubt e/b is bearish from this zone


Quoting asgcorp
looking @ EUR GBP weekly almost perfect marubozu previously followed by a gap lower strong bearish setup imo. The pullback from the lows also very shallow. This goes in line with my projection that EG pretty much topped out. EG likely a continuation pattern that does hint @ further GU upside. GU current push lower might be a sweep before institutionals get in @ a lower rate. {image}
Attached Image(s) (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,757
  • Apr 27, 2016 11:13am Apr 27, 2016 11:13am
I have a short too. I think that if it breaks below 1.4550 it will fall back to 1.4500 again.
  • #429,758
  • Apr 27, 2016 11:19am Apr 27, 2016 11:19am
Quoting Denden2012
{quote} PM sent. Thank you.
replied denden.

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #429,759
  • Apr 27, 2016 11:31am Apr 27, 2016 11:31am
Lets see if we get a bounce of 145 ..
Next 4 hr candle here is in 27 mins ..
  • #429,760
  • Apr 27, 2016 11:40am Apr 27, 2016 11:40am
Quoting dean1star
Lets see if we get a bounce of 145 .. Next 4 hr candle here is in 27 mins ..
Trading cable you should be using UK times. Next 4 hour candle starts at 20.00
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