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Cable Update (GBPUSD)

  • #430,181
  • Edited 10:52pm May 1, 2016 11:26am | Edited 10:52pm
Using the fib timezones on the rising wegde
This week looks to be a nice time to trade the breakout.
Short all the way!

Greetings.
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What's that smell? ---- I smell money!
  • #430,182
  • May 1, 2016 11:27am May 1, 2016 11:27am
​as for GCad, i have it at 1.87 area, don't usually trade it, and I'm not looking to either atm, CAD for me is just a no go. i don't like it, i used to like it, i don't anymore
  • #430,183
  • May 1, 2016 11:28am May 1, 2016 11:28am
Quoting Hickson
{quote} You reminded me to take a look at GBP/CAD again, thanks for that.
Hello Hickson, nice to meet you.

You are very welcome. not sure what i did to help but glad it did help

best wishes
Be careful what you think because your thoughts run your life..Solomon
  • #430,184
  • May 1, 2016 11:35am May 1, 2016 11:35am
Quoting Akt
{quote} Hello Hickson, nice to meet you. You are very welcome. not sure what i did to help but glad it did help best wishes

Thanks, same to you Nothing in particular, just made me pull out some old GBP/CAD charts

I think I put it up in last summer ... the weekly looks funny now with the TLs inserted last year.
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Fix up, trade sharp ...
  • #430,185
  • May 1, 2016 11:38am May 1, 2016 11:38am
Quoting Don96
{quote} EU going for third and final zone before 1.5 {image}
meanwhile here is the simple m5 S+D on daily chart... three circled green levels are all that's left for 1.17 and I cannot wait until it gets there
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  • #430,186
  • May 1, 2016 11:44am May 1, 2016 11:44am
Quoting Bones
Hi A ,gbp cad I think a long focus is very risky ,tho there is a open gap higher ,aud is weaker ,my big picture is like so ,there is no doubt in my mind this chart can only retrace ,based on whats presented {quote} {image}
Hello bones.
Please see the annotations I have made on the chart below.

best wishes

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Be careful what you think because your thoughts run your life..Solomon
  • #430,187
  • Edited 11:57am May 1, 2016 11:46am | Edited 11:57am
hey maybe this is confluence re gbp
,direct correlation as in usd lfx + gbp lfx have to move for cable to move ,so breaking cable down 2 charts
only thing is if I was to look at the other side its small compared to previous
on a + note bears its a major pivot
usd could retrace ,maintain consolidation zone
Quoting Ill-b-back
{quote} I mean this, thx Bones {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430,188
  • May 1, 2016 12:17pm May 1, 2016 12:17pm
Quoting Akt
{quote} Hello elbert3. thank you for sharing your ideas on GBPUSD. I posted the first chart below here on the 26th of April Your chart shows the scenario we were looking for is occurring, with the removal of that weekly SZ A right shift of the supply demand curve is occurring. Bias has shifted to the long side till we reach monthly supply best wishes{image}{image}
Hi A thanks for your post back i dont get many lately lol just playing my trades, i have been buying dips since my post stating we are looking for a 50 ema cross on the day chart this chart was a good one
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arrows indicating a false short move which was verified ,
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you can now see the 50 ema cross in yellow and a bounce of that gave a great trade to me as i was in big lots
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together with this 4 hour 100 and 200 cross , strong buy dip for me was safe see blue and green cross over
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as above this is my working chart , if if this can break to that 161 % we will see the same ema set up on the day chart as the 4 hour , then strong buy dips to 1.5678 , yes ???? opinions welcome ???
  • #430,189
  • May 1, 2016 12:21pm May 1, 2016 12:21pm
Quoting Akt
{quote} Hello bones. Please see the annotations I have made on the chart below. best wishes {image}
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this one and the smaller tc, is to watch for short target 4470 is should still be a good area to buy with a good stop , so we await the open , bank hols in uk so we could see the short in the form of profit taking until Monday night ,,,thats me good luck all and regards E
  • #430,190
  • May 1, 2016 12:25pm May 1, 2016 12:25pm
lets put it this way if that were easily recognised , pin , in that location the world and his wife would be posting it ,and yet that would be less reliable ,lets see if cable can retrace I hold short


Quoting Ill-b-back
{quote} I mean this, thx Bones {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430,191
  • May 1, 2016 12:25pm May 1, 2016 12:25pm
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take your positions
  • #430,192
  • May 1, 2016 1:19pm May 1, 2016 1:19pm
Quoting Hickson
{quote} Do you remember the come at me bro in the Aussie thread like 2 years ago? Damn, they really come and go ...
I don't spend a lot of time in the Aussie thread...about the only thing I remember about being there, was some other wanker drawing trend lines and trading like a shit sandwich...

Kinda like a deja vu here in cable!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #430,193
  • May 1, 2016 1:20pm May 1, 2016 1:20pm
Quoting Magix
{quote} I don't spend a lot of time in the Aussie thread...about the only thing I remember about being there, was some other wanker drawing trend lines and trading like a shit sandwich... Kinda like a deja vu here in cable!
Yeah, I guess it was me ... I used to look in there like 2 years ago
Fix up, trade sharp ...
  • #430,194
  • May 1, 2016 1:31pm May 1, 2016 1:31pm
Quoting Hickson
{quote} Yeah, I guess it was me ... I used to look in there like 2 years ago
what have i always told you ??????? tell me
  • #430,195
  • May 1, 2016 1:47pm May 1, 2016 1:47pm
Quoting Bones
lets put it this way if that were easily recognised , pin , in that location the world and his wife would be posting it ,and yet that would be less reliable ,lets see if cable can retrace I hold short {quote}
Come with me if you want to live....
  • #430,196
  • May 1, 2016 1:54pm May 1, 2016 1:54pm
I am always impressed by the amount of lines you guys draw on your charts.

Question: I am still thinking about getting long Cable what do you guys think?
  • #430,197
  • May 1, 2016 2:08pm May 1, 2016 2:08pm
Quoting redbaron1981
I am always impressed by the amount of lines you guys draw on your charts.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #430,198
  • May 1, 2016 2:13pm May 1, 2016 2:13pm
Hi

this is my idea, hope its true
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  • #430,199
  • May 1, 2016 2:22pm May 1, 2016 2:22pm
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watch the gap close
  • #430,200
  • May 1, 2016 2:24pm May 1, 2016 2:24pm
Quoting elbert3
{image} watch the gap close
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doji watch the gap
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