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Cable Update (GBPUSD)

  • #429,941
  • Apr 28, 2016 1:00pm Apr 28, 2016 1:00pm
Today or tomorrow is the last chance to sell pound. Gonna drop than.
  • #429,942
  • Apr 28, 2016 1:03pm Apr 28, 2016 1:03pm
dollar index daily tripping on thin ice
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  • #429,943
  • Apr 28, 2016 1:03pm Apr 28, 2016 1:03pm
Quoting Don96
{quote} without lower than 1.445x closes I have that even on hour TF, minimal 1.47x up to 1.4814x for bulls, even 1.43x provides same figures. high has to be taken though, not sure it will be done today/tonight, doubt 1.4618 will hold for much longer {image}
I did mention it before, but one level that may offer before prior highest high a while back at 1.4672 is 1.4648x - probs wrong and level is from a micro swing, but worth a stab eh
  • #429,944
  • Apr 28, 2016 1:05pm Apr 28, 2016 1:05pm
Quoting mihrutkanik
Today or tomorrow is the last chance to sell pound. Gonna drop than.

lol

In the words of any Bomb Squad Technician.
"If you see me running, try to keep up".

Have a gander ->HERE ->HERE

There's a lotta time to sell Cable, it's just not the current time.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,945
  • Apr 28, 2016 1:07pm Apr 28, 2016 1:07pm
Quoting Don96
{quote} and as much as I didn't/don't like the way you said other people are wrong etc and you have massive ego, Ive got to give your charts/calls a tiny bit of credit

Apology accepted.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,946
  • Apr 28, 2016 1:09pm Apr 28, 2016 1:09pm
Quoting Magix
{quote} lol In the words of any Bomb Squad Technician. "If you see me running, try to keep up". Have a gander ->HERE ->HERE There's a lotta time to sell Cable, it's just not the current time.


you do on occasions provide some laughter
  • #429,947
  • Apr 28, 2016 1:16pm Apr 28, 2016 1:16pm
Quoting Don96
{quote} you do on occasions provide some laughter
..provides some and generates bountifully...
"Holy Grail" exists - accepting where is the first step.
  • #429,948
  • Apr 28, 2016 1:17pm Apr 28, 2016 1:17pm
Quoting Magix
{quote} lol In the words of any Bomb Squad Technician. "If you see me running, try to keep up". Have a gander ->HERE ->HERE There's a lotta time to sell Cable, it's just not the current time.
up to you baby.
  • #429,949
  • Apr 28, 2016 1:45pm Apr 28, 2016 1:45pm
Quoting VaBikePacker
{quote} ..provides some and generates bountifully...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,950
  • Apr 28, 2016 1:45pm Apr 28, 2016 1:45pm
Quoting mihrutkanik
{quote} up to you baby.
No.

It's up to you, baby.

See what I did with the Comma, there.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #429,951
  • Apr 28, 2016 2:17pm Apr 28, 2016 2:17pm
Quoting asgcorp
Den placed a perfect trade post FOMC into the H4 candle which was absorption of selling pressure. On H4 clearly seen previous resistance turns into support now on absorption of selling pressure. I agree with Magix that there is a whole load of interest lying overhead. In fact if you zoom out to daily looks like GU is just building a base to shoot higher. Even M5 if you check out all the dips meet buyers and GU pushes higher. We didn't break this week high yet but a pretty strong close is coming up this session LO tmrw can take out the high. {image}...
The trade is still running. It almost got stopped out twice at BE but now it is where it is. I took a very small position in it as I was unsure of the FOMC results but it looks like it worked out so far. If we get a retrace I may add to my position.

There is lots of banter going on with different analyses and I am finally learning to filter out the vast majority of opinions and to trust my own SD analyses. This is very hard to do in these forums. In any case, ASG you are one of the few gems on these forums who I do corroborate my analysis against. Keep up the good work as you are among some of the most helpful folks on these forums.
  • #429,952
  • Apr 28, 2016 2:38pm Apr 28, 2016 2:38pm
japs sold off hard post FOMC. bull market no more for japs, china was killed off in 2015 next up US equities autumn 2016.
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  • #429,953
  • Apr 28, 2016 2:45pm Apr 28, 2016 2:45pm
Den thank you for the feedback and good luck with your trade!
  • #429,954
  • Apr 28, 2016 2:51pm Apr 28, 2016 2:51pm
gold and silver breaking out to the upside already BOJ/FOMC combo killed the remaining bears.
  • #429,955
  • Apr 28, 2016 4:04pm Apr 28, 2016 4:04pm
Quoting Magix
{quote} Dafuq you talking about? Uncontested weekly high is the immediate resistance, 4632. Given's how most of you talk 100s of pip trades and end up with single digit profits to negatives, there's a whooooooooooooooole lotta space to that. After that...4632 is still above the Weekly/Monthly demand zone and next supply isn't until 4810.
Do your homework, follow the footprints of smart money
  • #429,956
  • Apr 28, 2016 4:16pm Apr 28, 2016 4:16pm
one thing to note is that 4620-40 resistance/supply was tested multiple times and contrary to popular belief sup/res does not become stronger upon re-tests it's actually weaker now. So less forces required to crack 4620-40.

We will find out Friday. Either we crack above this and hit above 4700 to uncap fresh upside or get rejected and fall back to previous supports. Also Friday is obviously an important session since it's end of month.

My take is we crack the res early into Friday.
  • #429,957
  • Apr 28, 2016 4:19pm Apr 28, 2016 4:19pm
looking @ H8 GBP USD chart I can see a clear uptrend TL I don't see anything to hint at weakness. Also TL do come and go however the red H8 candle post-Fomc is selling pressure absorption @ TL and very high volume candle. To me that's bulls protecting the TL for further gains.
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  • #429,958
  • Apr 28, 2016 4:30pm Apr 28, 2016 4:30pm
Quoting Denden2012
{quote} In any case, ASG you are one of the few gems on these forums who I do corroborate my analysis against. Keep up the good work as you are among some of the most helpful folks on these forums.
Oh buddy has he suckered you in, you've got a lot of wising up to do if you think this guy is one of the gooduns. Time will show you!
  • #429,959
  • Apr 28, 2016 4:31pm Apr 28, 2016 4:31pm
so many people have already had the wool pulled over their eyes
  • #429,960
  • Apr 28, 2016 4:35pm Apr 28, 2016 4:35pm
potential decent R/R swing trade setup in NZD USD
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