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Cable Update (GBPUSD)

  • #430,541
  • May 5, 2016 4:47am May 5, 2016 4:47am
right o ,see you end of day



Quoting Ill-b-back
{quote} A downward puke like that into support? Classic bear trap imo {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430,542
  • May 5, 2016 4:50am May 5, 2016 4:50am
although eg does have further to go to next support
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 32 KB
Come with me if you want to live....
  • #430,543
  • May 5, 2016 4:51am May 5, 2016 4:51am
Quoting Don96
{quote} Daily says different :0 you may be right though
Yes I know it looks bearish, but i've seen enough surprises to know nothing is certain
Come with me if you want to live....
  • #430,544
  • May 5, 2016 4:54am May 5, 2016 4:54am
you are right only probability ,probability is with bears D1,sometimes markets clearer than others


Quoting Ill-b-back
{quote} Yes I know it looks bearish, but i've seen enough surprises to know nothing is certain
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430,545
  • May 5, 2016 4:56am May 5, 2016 4:56am
Quoting Ill-b-back
{quote} Yes I know it looks bearish, but i've seen enough surprises to know nothing is certain
Absolutely, but something probable in your favour... tend not to go against it, and because brokers don't give you better returns on things unlikely to happen like betting companies do, its silly.. but yeah I get where your at. I'm riding EU b.e + now - currently +50
  • #430,546
  • May 5, 2016 5:03am May 5, 2016 5:03am
could be bearish falling pattern
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
  • #430,547
  • May 5, 2016 5:21am May 5, 2016 5:21am
Quoting Don96
{quote} Absolutely, but something probable in your favour... tend not to go against it, and because brokers don't give you better returns on things unlikely to happen like betting companies do, its silly.. but yeah I get where your at. I'm riding EU b.e + now - currently +50
Hi Don, I understand, but normally pukes like that happen when they "break" support if the move is high probability. A puke "into" support is very different. I have seen it many many times, I'm not trying to be a contrarian for the sake of it, but it is what I have seen in the past.
Just realised since we broke daily TL, fibs now go the other way

Got resistance above
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPDaily.png Size: 30 KB
Click to Enlarge Name: EURGBPH41.png Size: 29 KB
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  • #430,548
  • May 5, 2016 5:22am May 5, 2016 5:22am
cable is below pivot ,high looking very firm ,
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430,549
  • May 5, 2016 5:25am May 5, 2016 5:25am
Quoting Ill-b-back
{quote} Hi Don, I understand, but normally pukes like that happen when they "break" support if the move is high probability. A puke "into" support is very different. I have seen it many many times, I'm not trying to be a contrarian for the sake of it, but it is what I have seen in the past. Just realised since we broke daily TL, fibs now go the other way Got resistance above {image} {image}
I'm waiting for 1.4146, and 1.13909 or thereabouts
  • #430,550
  • May 5, 2016 5:30am May 5, 2016 5:30am
Quoting Don96
{quote} I'm waiting for 1.4146, and 1.13909 or thereabouts
on Cable?
you think we'll get past 1.43?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 25 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 26 KB
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  • #430,551
  • May 5, 2016 5:31am May 5, 2016 5:31am
Quoting Bones
cable is below pivot ,high looking very firm , {image}
looking good
Come with me if you want to live....
  • #430,552
  • May 5, 2016 5:39am May 5, 2016 5:39am
Quoting Bones
you are right only probability ,probability is with bears D1,sometimes markets clearer than others {quote}
Well it looks like Euro will keep sinking
Come with me if you want to live....
  • #430,553
  • May 5, 2016 5:40am May 5, 2016 5:40am
maybe engulf ,or dark cloud
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Click to Enlarge Name: CAD (DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430,554
  • May 5, 2016 5:44am May 5, 2016 5:44am
dont mess with pretty


Quoting Ill-b-back
{quote} Well it looks like Euro will keep sinking
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430,555
  • May 5, 2016 5:44am May 5, 2016 5:44am
Quoting Ill-b-back
{quote} on Cable? you think we'll get past 1.43? {image} {image}
My bad that was supposed to be 1.14 and 1.13 respectively - on EU Not gbp
  • #430,556
  • May 5, 2016 5:46am May 5, 2016 5:46am
1355 at the least
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 34 KB
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  • #430,557
  • May 5, 2016 5:47am May 5, 2016 5:47am
Quoting Don96
{quote} My bad that was supposed to be 1.14 and 1.13 respectively - on EU Not gbp
thx
Come with me if you want to live....
  • #430,558
  • May 5, 2016 5:51am May 5, 2016 5:51am
its not going hold :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXDaily.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #430,559
  • May 5, 2016 7:16am May 5, 2016 7:16am
caught a nice reversal closed out 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM55-5-16.png Size: 45 KB
20 Pips a day keeps centerlink away
  • #430,560
  • May 5, 2016 8:05am May 5, 2016 8:05am
I still have a long open. 1.4470 is proving to be a pretty strong support and I think the pair will climb back to 1.4560.
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