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Cable Update (GBPUSD)

  • #435,641
  • Aug 3, 2016 5:25am Aug 3, 2016 5:25am
GBP/USD is testing the resistance at 1.3350. I am waiting for a possible breakout above that level to open a long position, because I think that next target will be the previous high at 1.3480.
  • #435,642
  • Aug 3, 2016 5:35am Aug 3, 2016 5:35am
Quoting iamawaited
Cable is looking for new sweet highs... Might Drive on the present potential GJY power!!! {image}
oh! sweet new highs and also look at that GJY dragon up charge!!!! Coool..
Trading Eternal...... Shiny & Chrome!!!!
  • #435,643
  • Aug 3, 2016 6:29am Aug 3, 2016 6:29am
You know all the action on FF is happening on the threads where Geppy is taking on GJscalper, plus a few other traders want to go head to head with Geppy too....it's a bloodbath LOL
Don't Leave Money on the Table
  • #435,644
  • Aug 3, 2016 6:32am Aug 3, 2016 6:32am
Quoting HaLBot
You know all the action on FF is happening on the threads where Geppy is taking on GJscalper, plus a few other traders want to go head to head with Geppy too....it's a bloodbath LOL
Funny but not really funny

ANYTHINGCANHAPPEN.
  • #435,645
  • Aug 3, 2016 6:36am Aug 3, 2016 6:36am
Quoting actionmoney
{quote} Funny but not really funny ANYTHINGCANHAPPEN.
Yeah, it's generating a lot of interest...
Don't Leave Money on the Table
  • #435,646
  • Aug 3, 2016 6:48am Aug 3, 2016 6:48am
Quoting iamawaited
Cable is looking for new sweet highs... Might Drive on the present potential GJY power!!! {image}
i guess the US ADP data and crude shit could set a trend till NFP, at the moment we checking out.., it seems GJ is also waiting for GU to take the lead
  • #435,647
  • Aug 3, 2016 6:52am Aug 3, 2016 6:52am
Quoting yuddy
{quote} i guess the US ADP data and crude shit could set a trend till NFP, at the moment we checking out.., it seems GJ is also waiting for GU to take the lead
GJs being held back by US dollar weakness I think, not much happening with Dow and Nikkei right now.....although Nikkei is sitting on 15999 so could be due for a break higher.
Don't Leave Money on the Table
  • #435,648
  • Edited 7:05am Aug 3, 2016 6:54am | Edited 7:05am
which triangle ,monthly has long lower wick ,which we haven't seen for some time ,to close the gap the monthly must break 3500


Quoting braintheboss
{quote} 1.34500 seem very important. After brexit low that triangle it's typical price compression. But even i think we will close the gap, i think we will break triangle with a fall. For hunt SL and for get power for make a resistance retest around 1.40700 after we touched around 1.30800... But its only a possibility {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD w1 (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #435,649
  • Aug 3, 2016 6:59am Aug 3, 2016 6:59am
usd looks like this to me


Quoting Bones
Hi Dean id be careful $ is super bullish ,especially any interest rate rise likely delayed if it was ever to happen. for $ to go higher this month I would think is a problem, which may well feed into next month {quote} {image}
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #435,650
  • Aug 3, 2016 7:02am Aug 3, 2016 7:02am
Quoting Bones
which triangle ,monthly has long lower wick ,which we haven't seen for some time ,to close the gap the monthly must break 3500 {quote} {image}
You know charts read are relative to TF but ascending price with rejects around 1.34500 its a clear flag after big movement ( brexit ). Its hard know break direction but normally flags are continuation patterns. At least in lower TFs. But its true in this case other things can do price break up like weak dollar...
Attached Image
Try don't lose pants never...
  • #435,651
  • Aug 3, 2016 7:05am Aug 3, 2016 7:05am
Quoting HaLBot
{quote} GJs being held back by US dollar weakness I think, not much happening with Dow and Nikkei right now.....although Nikkei is sitting on 15999 so could be due for a break higher.
Actually what I should have said was Yen strength dragging Cable and Dollar down....that is G/J and U/J
Don't Leave Money on the Table
  • #435,652
  • Edited 8:23am Aug 3, 2016 7:08am | Edited 8:23am
could be a flag ,but its going to take time ,i wouldn't bet on it with monthly in mind ,more retrace


Quoting braintheboss
{quote} You know charts read are relative to TF but ascending price with rejects around 1.34500 its a clear flag after big movement ( brexit ). Its hard know break direction but normally flags are continuation patterns. At least in lower TFs. But its true in this case other things can do price break up like weak dollar... {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP USD MONTH USD (DFB).png Size: 39 KB
Click to Enlarge Name: gbp usd d1 USD (DFB).png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #435,653
  • Aug 3, 2016 7:17am Aug 3, 2016 7:17am
Quoting Bones
could be a flag ,but its going to take time ,i wouldn't bet on it with monthly in mind ,more retrace {quote} {image}
Its true. At high TFs all happens in slow motion ( long time ) About movement I prefer up for my DD
Try don't lose pants never...
  • #435,654
  • Aug 3, 2016 7:43am Aug 3, 2016 7:43am
Quoting yuddy
{quote} i guess the US ADP data and crude shit could set a trend till NFP, at the moment we checking out.., it seems GJ is also waiting for GU to take the lead
Well........GU Hit H1 resistance but my 30 min chart says we still have a higher level. this way i would stay out but cant resist the look of those GJ, CHFJY and UJ charts.. all look sweet ATM. Oh it seems CAD is gathering some momentum. that currency is driving all my trades. no long term action in sight so i shall observe...
Trading Eternal...... Shiny & Chrome!!!!
  • #435,655
  • Aug 3, 2016 7:50am Aug 3, 2016 7:50am
weekly against monthly ,has a lot going for it to go to support ,outside maybe which could retrace
Attached Image (click to enlarge)
Click to Enlarge Name: Germany 30 (DFB).png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #435,656
  • Aug 3, 2016 8:17am Aug 3, 2016 8:17am
Quoting iamawaited
{quote} Well........GU Hit H1 resistance but my 30 min chart says we still have a higher level. this way i would stay out but cant resist the look of those GJ, CHFJY and UJ charts.. all look sweet ATM. Oh it seems CAD is gathering some momentum. that currency is driving all my trades. no long term action in sight so i shall observe...
where is yen getting its power from??? whooa!! inspite of strong dollars ATM, yen is still sendin good punches in its crosses.
  • #435,657
  • Aug 3, 2016 8:26am Aug 3, 2016 8:26am
Quoting yuddy
{quote} where is yen getting its power from??? whooa!! inspite of strong dollars ATM, yen is still sendin good punches in its crosses.

It's because Abe's stimulus package last week disappointed the markets creating a risk off environment and Yen being a flight to safety currency is being bought....That's my understanding of latest yen strength.
Don't Leave Money on the Table
  • #435,658
  • Aug 3, 2016 8:31am Aug 3, 2016 8:31am
Quoting HaLBot
{quote} It's because Abe's stimulus package last week disappointed the markets creating a risk off environment and Yen being a flight to safety currency is being bought....That's my understanding of latest yen strength.
So when you see a pick up in the Nikkei you'll notice U/J will pick up.
Don't Leave Money on the Table
  • #435,659
  • Edited 8:48am Aug 3, 2016 8:35am | Edited 8:48am
Testing June pit close at 3308. Pit opened inside yesterday pit range/value. Early morning gb weak open is going to be corrected.(?) PreUS session went down from yesterday pit close (2 pips above it). Current pit action started from yesterday pit session hb. Many times up and down current open at 33165: great indecision.
33145 is the high of the week balance. So pit session opened 2 pips above it.
Ubi maior minor cessat
  • #435,660
  • Aug 3, 2016 8:37am Aug 3, 2016 8:37am
Quoting HaLBot
{quote} So when you see a pick up in the Nikkei you'll notice U/J will pick up.
oh, nice analysis, any speculations that the crude and ism data for US could topple the whole setup and push GU north?
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