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Cable Update (GBPUSD)

  • #436,101
  • Aug 9, 2016 5:54am Aug 9, 2016 5:54am
Quoting IbkA
{quote} Any reason for saying he's 'wrong'? It's always helpful for newbies for a poster to provide a justification for a comment - as it helps others to improve their trading. That's what helped me years' ago when I used to post on these forums, and have other traders post contradictory opinions backed up with their reasoning.
You have a working brain and that's why you are able to backed up your comments with reasons.

He just said wrong but the GBP/USD said right, because the price at that exact time was right... but not yet at predicted price and still moving towards south currently.
  • #436,102
  • Aug 9, 2016 5:57am Aug 9, 2016 5:57am
Quoting actionmoney
{quote} You have a working brain and that's why you are able to backed up your comments with reasons. He just said wrong but the GBP/USD said right, because the price at that exact time was right... but not yet at predicted price and still moving towards south currently.
Hi m8! Try to avoid learning the bad things on FF. A number of people will give you the 'foul language' or abuse you here but try to not pay them back in their own coins.

KP
Do your homework, follow the footprints of smart money
  • #436,103
  • Aug 9, 2016 6:09am Aug 9, 2016 6:09am
Its bouncing of the channels on the 15min chart. Looks like it may get back to 13000 but will it break through? looking for a strong candle either way on the 15min. Gut feel its going to go with sentiment and now drop. Waiting for the US open for the next big move.
Attached Image (click to enlarge)
Click to Enlarge Name: GPBUSD 15M 09082016.JPG Size: 125 KB
Striving for consistency
  • #436,104
  • Aug 9, 2016 6:16am Aug 9, 2016 6:16am
Beware, the money that is moving out of GBP is not just the big banks, but also wealthy people etc. Foreign investment is what drove GBP to great heights in the first place.

This isn't the usual drop manipulated by banks. Technical trading doesn't completely aply to this type of market.
  • #436,105
  • Aug 9, 2016 6:22am Aug 9, 2016 6:22am
Quoting KeenPips
{quote} Hi m8! Try to avoid learning the bad things on FF. A number of people will give you the 'foul language' or abuse you here but try to not pay them back in their own coins. KP
THANK YOU SO MUCH.

I appreciate your kind words

Can we be friends to share knowledge and experience?
  • #436,106
  • Aug 9, 2016 6:28am Aug 9, 2016 6:28am
  •  IbkA
  • | Joined Nov 2009 | Status: 'Hope' + 'Greed' = GAMBLING... | 514 Posts
Quoting actionmoney
{quote} You have a working brain and that's why you are able to backed up your comments with reasons. He just said wrong but the GBP/USD said right, because the price at that exact time was right... but not yet at predicted price and still moving towards south currently.
You're quite right, and I only questioned the gentleman (or lady) because, in my time on commenting on FF, I came up against many traders who were willing to constructively challenge my reasoning, and a particular trader who just challenged for the sake of doing so - with no evidence as to his reasoning, and who was yet consistently wrong.

For everyone who posts on these forums, it might help you to become a better trader if you not only provide justifications for your posts, but also go back and review your previous posts to see if you got things right or wrong and, if wrong, why you were wrong. For new traders also - don't follow 'calls' blindly, rather, learn how to trade for yourself or at least review the analysis of traders who post there - whether fundamental analysis or technical analysis, and learn from these.
  • #436,107
  • Aug 9, 2016 6:41am Aug 9, 2016 6:41am
Quoting IbkA
{quote} ...For everyone who posts on these forums, it might help you to become a better trader if you not only provide justifications for your posts, but also go back and review your previous posts to see if you got things right or wrong and, if wrong, why you were wrong. For new traders also - don't follow 'calls' blindly, rather, learn how to trade for yourself or at least review the analysis of traders who post there - whether fundamental analysis or technical analysis, and learn from these.
Agreed.
Do your homework, follow the footprints of smart money
  • #436,108
  • Aug 9, 2016 7:25am Aug 9, 2016 7:25am
Quoting actionmoney
{quote} THANK YOU SO MUCH. I appreciate your kind words Can we be friends to share knowledge and experience?
yes
  • #436,109
  • Aug 9, 2016 8:05am Aug 9, 2016 8:05am
I would follow PA and candles in the "obvious direction"...it works most of the times.

Quoting demoexpert
{quote} Maybe they think that all the known information are already included in the current price. That's why they don't trade the "obvious direction".
  • #436,110
  • Aug 9, 2016 8:13am Aug 9, 2016 8:13am
Bounce incoming for GBPJPY, may trigger a bounce for GBPUSD as well. Beware for shorts.
  • #436,111
  • Aug 9, 2016 8:15am Aug 9, 2016 8:15am
Quoting actionmoney
{quote} THANK YOU SO MUCH. I appreciate your kind words Can we be friends to share knowledge and experience?
Hi, Bud! You may private message (PM) me if you want to bounce ideas with me. You may also visit any of my threads: Success Guaranteed, What would you do differently...? or Trap the Market. Green pips to you.

KP
Do your homework, follow the footprints of smart money
  • #436,112
  • Aug 9, 2016 8:26am Aug 9, 2016 8:26am
#GBPUSD pound is getting close to a swing pivot low in the next few days.... keep an eye on today and 8-10,11,12 for a swing bottom. but if it takes out 1.2797 it could go lower which would VOID the pattern all together.... but if it does a swing low and you want less risk, wait for pound to take out 1.3026 and have a Daily close above it to go long.....
Attached Image
"W. D. Gann said that time is the most important factor among all things."
  • #436,113
  • Aug 9, 2016 8:34am Aug 9, 2016 8:34am
Quoting USDollar
#GBPUSD pound is getting close to a swing pivot low in the next few days.... keep an eye on today and 8-10,11,12 for a swing bottom. but if it takes out 1.2797 it could go lower which would VOID the pattern all together.... but if it does a swing low and you want less risk, wait for pound to take out 1.3026 and have a Daily close above it to go long..... {image}
Thank you.
Do your homework, follow the footprints of smart money
  • #436,114
  • Aug 9, 2016 8:52am Aug 9, 2016 8:52am
Price at a level of interest , so waiting see bounce if possible . take care
fontu
1st signal 1.3014 ( 1.2979+88 premature start) breaks up , 2nd 1.3096 ,3rd 1.3150 to go 1.3304 to 1.3430.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 41 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #436,115
  • Aug 9, 2016 9:07am Aug 9, 2016 9:07am
Mate.......Fontu posts the Pound moves.....LOL

Will it break above 200ema on the 5 minute chart???

Must have had something to do with the New York Cut as well....
Don't Leave Money on the Table
  • #436,116
  • Edited 11:09am Aug 9, 2016 9:16am | Edited 11:09am
Quoting USDollar
#GBPUSD pound is getting close to a swing pivot low in the next few days.... keep an eye on today and 8-10,11,12 for a swing bottom. but if it takes out 1.2797 it could go lower which would VOID the pattern all together.... but if it does a swing low and you want less risk, wait for pound to take out 1.3026 and have a Daily close above it to go long..... {image}
GBPUSD price could close in the 4 hour above the psychologically key 1.3000 level.
I'M Going long now, and I'M closing all my shorts.
stop loss if the daily bar close below today low
Attached Image (click to enlarge)
Click to Enlarge Name: 17.png Size: 46 KB
he, alone, was to blame for his losses in the zero-sum game
  • #436,117
  • Aug 9, 2016 9:19am Aug 9, 2016 9:19am
Quoting comoestas
{quote} GBPUSD price could close in the 4 hour above the psychologically key 1.3000 level. Go long now, close your shorts. stop loss if the daily bar close below today low {image}
how much to going up sir?
  • #436,118
  • Aug 9, 2016 9:20am Aug 9, 2016 9:20am
Looks like Eur/Gbp is starting to rollover....
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 75 KB
Don't Leave Money on the Table
  • #436,119
  • Aug 9, 2016 9:22am Aug 9, 2016 9:22am
If Cable sustains a break above the 200ema on the 5 minute chart then I see it going to 3050 IMHO

How come??? because then buyers will move in with the break above 3000 IMHO

But it could fail at 3013 like early UK session....
Don't Leave Money on the Table
  • #436,120
  • Aug 9, 2016 9:25am Aug 9, 2016 9:25am
Quoting comoestas
{quote} GBPUSD price could close in the 4 hour above the psychologically key 1.3000 level. Go long now, close your shorts. stop loss if the daily bar close below today low {image}
Why would you buy now on 'could close...' when the technicals on HTFs and fundamentals are screaming go southwards? Any upward move in the circumstance should be seen as corrective imho. Trade safe.

KP
Do your homework, follow the footprints of smart money
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