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Cable Update (GBPUSD)

  • #431,901
  • Jun 6, 2016 2:19am Jun 6, 2016 2:19am
staying with south bias untill later on ..
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  • #431,902
  • Jun 6, 2016 2:25am Jun 6, 2016 2:25am
Quoting dean1star
staying with south bias untill later on .. {image}
lol great of you to supply us with content to back your claim. it definitely makes sense to me now
  • #431,903
  • Jun 6, 2016 2:38am Jun 6, 2016 2:38am
Quoting Liquidsnake
{quote} lol great of you to supply us with content to back your claim. it definitely makes sense to me now
Pleased to - perhaps this way it makes more sense - lol
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  • #431,904
  • Jun 6, 2016 3:02am Jun 6, 2016 3:02am
Well it came perfectly timed before lunch
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Alex
  • #431,905
  • Jun 6, 2016 3:37am Jun 6, 2016 3:37am
Another pro Brexit poll, but GBP sales running out of steam
Member
  • #431,906
  • Jun 6, 2016 3:51am Jun 6, 2016 3:51am
Quoting TudorIoan
Another pro Brexit poll, but GBP sales running out of steam
interesting, how many polls are to be published today?
  • #431,907
  • Jun 6, 2016 4:35am Jun 6, 2016 4:35am
Quoting RiderKBP
{quote} interesting, how many polls are to be published today?
For the sake of market volatility it will keep coming untill June 23.
  • #431,908
  • Jun 6, 2016 4:52am Jun 6, 2016 4:52am
Quoting arasheed
{quote} For the sake of market volatility it will keep coming untill June 23.
https://charts.mql5.com/11/451/gbpus...services-2.png

yeap, today price touched triangle support. now should start move upwards - my target is 1.47xx. but those polls releases spoil the picture a bit
  • #431,909
  • Jun 6, 2016 5:12am Jun 6, 2016 5:12am
Quoting RiderKBP
{quote} {image} yeap, today price touched triangle support. now should start move upwards - my target is 1.47xx. but those polls releases spoil the picture a bit
According to your chart, now the possible move will be upward.
  • #431,910
  • Jun 6, 2016 5:13am Jun 6, 2016 5:13am
Long position at 143 900
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-oanda-division4.png Size: 132 KB
  • #431,911
  • Jun 6, 2016 5:43am Jun 6, 2016 5:43am
Quoting dean1star
Long position at 143 900 {image}
"The immediate support is now at 1.4395 with a break below it pointing for a quick test of the mentioned daily low around 1.4350, whilst below this last the next bearish target comes at 1.4310."
Read full report below
http://www.fxstreet.com/news/gbp-usd...t-201606061043
  • #431,912
  • Jun 6, 2016 7:26am Jun 6, 2016 7:26am
Gbp Has to fill out the gap Yet
GBP/USD bottomed out at 1.4351 soon after the weekly opening, but managed to trim some losses afterwards, although it has filled out the downward gap yet. At time of writing, the pair is trading at 1.4433, still 0.54% down on the day.
See FX Street below

http://www.fxstreet.com/news/gbp-usd...s-201606061406
  • #431,913
  • Jun 6, 2016 7:47am Jun 6, 2016 7:47am
Quoting arasheed
Gbp Has to fill out the gap Yet GBP/USD bottomed out at 1.4351 soon after the weekly opening, but managed to trim some losses afterwards, although it has filled out the downward gap yet. At time of writing, the pair is trading at 1.4433, still 0.54% down on the day. See FX Street below http://www.fxstreet.com/news/gbp-usd...s-201606061406
Must say still not too sure if these gap scenarios do actually work or its just another move at some time which hits the level of the open gap at another time ..
Feeling its going to range for a while now but then what do i know hey ..
  • #431,914
  • Jun 6, 2016 7:51am Jun 6, 2016 7:51am
Oh! What a day! What a lovely day!!!
Eyes still on 1.477X.. Waiting patiently.. 200+ pips so far today running..
Trading Eternal...... Shiny & Chrome!!!!
  • #431,915
  • Jun 6, 2016 7:57am Jun 6, 2016 7:57am
Quoting dean1star
{quote} Must say still not too sure if these gap scenarios do actually work or its just another move at some time which hits the level of the open gap at another time .. Feeling its going to range for a while now but then what do i know hey ..
You may be right,but most of the time such gaps are filled,atm Gbp is near to fill the ,for any reason?
  • #431,916
  • Jun 6, 2016 9:15am Jun 6, 2016 9:15am
Did not enter GAP Zone and creeped back, Now waiting for Yellen Speech.
  • #431,917
  • Jun 6, 2016 9:26am Jun 6, 2016 9:26am
Link to Live speech of Janet Yellen.

http://blogs.marketwatch.com/capitol...-philadelphia/
  • #431,918
  • Jun 6, 2016 9:35am Jun 6, 2016 9:35am
gaps are always remembered by market ,and form support and res forevermore ,
with forex biggest difficulty is whats real,
with cable these gaps recently ,have to say are real ,
could well be the entire rally gbp aud was all about that large Boris gap ,with a little overrun ,its how i see
chart will move lower
time will tell ,ill try to come back to this chart
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,919
  • Edited 11:54am Jun 6, 2016 9:43am | Edited 11:54am
in a way you have to see it to believe it ,thats why it takes years ever-changing market cycle,especially if you can't believe in anyone else/mentor ,make your own systems on observation,which I've done myself,
even know about time proven method in the first place or open minded enough to monitor it after the fact
personally I'm more than happy that fell and failed off gap low
thats my conclusion




Quoting Bones
this was a very unusual situ what the market had to do to close that gap ,gbp fights off $ bull run over all other majors gbp rose on fresh air polls ,but great learning something not seen often ,real gap What is a 'Fade' A fade is a contrarian investment strategy used to trade against the prevailing trend. "Fading the market" is typically very high risk, requiring the trader to have a high risk tolerance. A...
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Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,920
  • Jun 6, 2016 10:06am Jun 6, 2016 10:06am
So i chickened out of my USDCAD and AUDUSD Trades and they moved. Maybe a little more patience needed ehn??
Still expecting GU to hit that level 1.477x before a strong downtrend to crash this support 1.435X so we could go lower. Meanwhile i am about to be 300 pips awaited for today.....So far .. so cool. More pips Awaited!!! All my trades are on my Explorer. GL and Happy pippin all.
Trading Eternal...... Shiny & Chrome!!!!
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