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Cable Update (GBPUSD)

  • #437,521
  • Aug 23, 2016 1:19am Aug 23, 2016 1:19am
Quoting Brabo79
Double tops forming on H4 - might expect a move down south
Yeh, Around 1.3184 is a level that needs to be watched
Striving for consistency
  • #437,522
  • Aug 23, 2016 1:25am Aug 23, 2016 1:25am
Quoting pointlessfor
{quote} today more longs comming i think. will see. no trades yet
I think so too. Very quiet night, break out imminent. Just accumulated some more pounds here
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH12308.png Size: 50 KB
I'm high on trading, cant you tell?
  • #437,523
  • Aug 23, 2016 1:29am Aug 23, 2016 1:29am
Quoting Brabo79
Double tops forming on H4 - might expect a move down south
I dont see it. I think its forming higher highs and higher lows. A picture would explain better if you dont mind posting.
I'm high on trading, cant you tell?
  • #437,524
  • Aug 23, 2016 1:52am Aug 23, 2016 1:52am
Quoting Sammih
{quote} I dont see it. I think its forming higher highs and higher lows. A picture would explain better if you dont mind posting.
It depends on how you view things and over what time scales. I can see where Brabo79 is coming from with the spike at 1.3184 on the 18th August and possibly on the current 4h chart it could reach 1.3184 and retrace. However I see this is a slightly weak signal as it is in the middle of a bigger range and the two 4H candles are a bit apart. The way I see the 4H chart at present is with an inverted head and shoulders pattern potentially forming. I could be wrong though as I have been in the past.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 4H 230816.JPG Size: 159 KB
Striving for consistency
  • #437,525
  • Aug 23, 2016 2:02am Aug 23, 2016 2:02am
Quoting Sammih
{quote} I dont see it. I think its forming higher highs and higher lows. A picture would explain better if you dont mind posting.
Can't do. @ work now
  • #437,526
  • Aug 23, 2016 2:10am Aug 23, 2016 2:10am
Quoting Brabo79
{quote} Can't do. @ work now
Here is my view.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4llowhigh.png Size: 61 KB
I'm high on trading, cant you tell?
  • #437,527
  • Aug 23, 2016 2:12am Aug 23, 2016 2:12am
Think it might test the 3175 level today

also somewhat important US news tomorrow: existing home sales

anyway, my yesterday's long buy @ 3090 is still running - no TP - hope it reaches the 3350 level
  • #437,528
  • Aug 23, 2016 2:13am Aug 23, 2016 2:13am
Quoting Sammih
{quote} Here is my view. {image}
channel - hope you're right
  • #437,529
  • Aug 23, 2016 2:13am Aug 23, 2016 2:13am
Here we go!

Best
D.P.
Hunting High and Low
  • #437,530
  • Aug 23, 2016 2:13am Aug 23, 2016 2:13am
Quoting Wdfx
{quote} ... possibly on the current 4h chart it could reach 1.3184 and retrace......
thats a big possibly.

Quoting Wdfx
{quote} The way I see the 4H chart at present is with an inverted head and shoulders pattern potentially forming. I could be wrong though as I have been in the past.{image}
I agree here. According to your inverted head and shoulder, Target is 3400
I'm high on trading, cant you tell?
  • #437,531
  • Aug 23, 2016 2:27am Aug 23, 2016 2:27am
Quoting Sammih
{quote} Here is my view. {image}
Striving for consistency
  • #437,532
  • Aug 23, 2016 2:42am Aug 23, 2016 2:42am
Interestingly cable now back at 1.3184, looking for the bounce back up
Striving for consistency
  • #437,533
  • Aug 23, 2016 2:54am Aug 23, 2016 2:54am
i 'll wait for the current H4 to form and look for an entry in M15
  • #437,534
  • Aug 23, 2016 3:13am Aug 23, 2016 3:13am
Quoting elbert3
If it come back 3060 is possible but scaling into traded would like to see 3212 . Regards
1 pip out Dr . I have support 3120 3057 higher 3250 3300
  • #437,535
  • Aug 23, 2016 3:20am Aug 23, 2016 3:20am
Watch for any sign of shorting check out 1 min
  • #437,536
  • Aug 23, 2016 3:23am Aug 23, 2016 3:23am
looking for a break above the earlier high of 1:3210 before moving my stop to 3197
Striving for consistency
  • #437,537
  • Aug 23, 2016 3:24am Aug 23, 2016 3:24am
3209 close would be good if it can keep that martingales ?
  • #437,538
  • Aug 23, 2016 3:24am Aug 23, 2016 3:24am
the price is about to close the hidden gap up to 32520.

Best
D.P.

P.S. sell limit is set at 3252.
Hunting High and Low
  • #437,539
  • Aug 23, 2016 3:38am Aug 23, 2016 3:38am
3195 long
  • #437,540
  • Aug 23, 2016 3:41am Aug 23, 2016 3:41am
Is it about to drop?
Striving for consistency
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