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Cable Update (GBPUSD)

  • #437,561
  • Aug 23, 2016 6:40am Aug 23, 2016 6:40am
Quoting Dr.Phoenix
Well, Monthly Pivot (the area of 3175) was broken out at high volume and now has been rejected as well. Best D.P. P.S. We need an impulse.
Hey D.P. - whats your thoughts High or low or are you like me waiting for the US open?
Striving for consistency
  • #437,562
  • Aug 23, 2016 7:08am Aug 23, 2016 7:08am
Quoting Wdfx
{quote} Hey D.P. - whats your thoughts High or low or are you like me waiting for the US open?
Hi, Wdfx

Yes, I am awaiting for NY session and, frankly speaking, I have been staring at the level of 3252.
However, I must say, if we are about to get there, this level hit will be short-time.
The market does not know what direction to follow to.

Best
D.P.

P.S. Ouch! some ralax for you

Edited. It was hunting high...

Inserted Video
Hunting High and Low
  • #437,563
  • Aug 23, 2016 7:10am Aug 23, 2016 7:10am
Quoting Dr.Phoenix
{quote} Hi, Wdfx Yes, I am awaiting for NY session and, frankly speaking, I have been staring at the level of 3252. However, I must say, if we are about to get there, this level hit will be sort time. The market does not know what direction to follow to. Best D.P. P.S. Ouch! some ralax for you https://www.youtube.com/watch?v=tlEyZDPaqiw

at what time frankly speaking ??
  • #437,564
  • Aug 23, 2016 7:17am Aug 23, 2016 7:17am
Cable is disposed to the north atm, making a go at the monthly pivot. Any break above it will test the 200/233 EMA on the 4-H time frame. Otherwise we may see a sideways movement or a retest of the daily pivot southwards. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #437,565
  • Aug 23, 2016 7:18am Aug 23, 2016 7:18am
Quoting Dr.Phoenix
{quote} Hi, Wdfx Yes, I am awaiting for NY session and, frankly speaking, I have been staring at the level of 3252. However, I must say, if we are about to get there, this level hit will be short-time. The market does not know what direction to follow to. Best D.P. P.S. Ouch! some ralax for you https://www.youtube.com/watch?v=tlEyZDPaqiw
Whooo... Major vertigo just watching. Perhaps I will experience the same if Cable gets back to 1.50 ..
Striving for consistency
  • #437,566
  • Aug 23, 2016 7:23am Aug 23, 2016 7:23am
Omg, i made a short at 1.31598, but this pair still keeps up. Can all of u give an anticipation ? worry
  • #437,567
  • Aug 23, 2016 7:26am Aug 23, 2016 7:26am
Quoting SadiaQureshi
{quote} at what time frankly speaking ??
....Do we hit the level of 3252?
Today, of course.

If not, I should take some shorts... , I think.

Best
D.P.
Hunting High and Low
  • #437,568
  • Aug 23, 2016 7:31am Aug 23, 2016 7:31am
Quoting Dr.Phoenix
{quote} ....Do we hit the level of 3252? Today, of course. If not, I should take some shorts... , I think. Best D.P.
ranging between 82 and 92 at present
Striving for consistency
  • #437,569
  • Aug 23, 2016 7:36am Aug 23, 2016 7:36am
Quoting USDollar
#GBPUSD covered @ 1.3198 from 1.2911 & 1.3085 not bad...... today could bring a sell off..... so I'm locking in $$$ now... if it continues higher I will jump back in again. but for now the small cycle patterns are showing signs for a possible turn if it plays out.... {image}
I love reading your comments sir. Nicce charts
I'm high on trading, cant you tell?
  • #437,570
  • Aug 23, 2016 7:39am Aug 23, 2016 7:39am
Quoting Wdfx
{quote} ranging between 82 and 92 at present
The main question is - does the price apply 62,8% fibo level, or does the price reject it?

Best
D.P.

Quoting USDollar
#GBPUSD covered @ 1.3198 from 1.2911 & 1.3085 not bad...... today could bring a sell off..... so I'm locking in $$$ now... if it continues higher I will jump back in again. but for now the small cycle patterns are showing signs for a possible turn if it plays out.... {image}
Just seen your comment.

I'm about to lock in as well, but at 3252...

Damn, just interesting...

Best
D.P.

P.S. Right decision indeed.
Hunting High and Low
  • #437,571
  • Aug 23, 2016 7:48am Aug 23, 2016 7:48am
Given the GBPUSD manage to clear 1.3215-20, its rally towards 1.3280 becomes imminent.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-ProH4_23082016.png Size: 41 KB
  • #437,572
  • Aug 23, 2016 7:50am Aug 23, 2016 7:50am
Quoting Dr.Phoenix
{quote} The main question is - does the price apply 62,8% fibo level, or does the price reject it? Best D.P. {quote} Just seen your comment. I'm about to lock in as well, but at 3252... Damn, just interesting... Best D.P. P.S. Right decision indeed.
Depending on where you have the Fib I see it either at 3243 or 3250. My first concern is if we will get back through todays high at 3211 then break 3225. I will follow those levels up. My current decision is where do I go back in do I wait until it drops to nearer to 3175 with a very tight stop then go long or if it drops below then go short. Decisions??
Striving for consistency
  • #437,573
  • Aug 23, 2016 7:53am Aug 23, 2016 7:53am
Quoting Fx_Anil
Given the GBPUSD manage to clear 1.3215-20, its rally towards 1.3280 becomes imminent. {image}
Nice analysis
  • #437,574
  • Aug 23, 2016 7:56am Aug 23, 2016 7:56am
3189 long gu . target 3280
  • #437,575
  • Aug 23, 2016 7:56am Aug 23, 2016 7:56am
Decision made: bought at 3186 long stop 15 pips tp 50 pips
Order short at 3160, stop 17 pips, tp 55 pips
Striving for consistency
  • #437,576
  • Aug 23, 2016 8:04am Aug 23, 2016 8:04am
Quoting Wdfx
{quote} Depending on where you have the Fib I see it either at 3243 or 3250. My first concern is if we will get back through todays high at 3211 then break 3225. I will follow those levels up. My current decision is where do I go back in do I wait until it drops to nearer to 3175 with a very tight stop then go long or if it drops below then go short. Decisions??
3220... And this level has not been hit yet.

It does not matter where the fibo level is. The whole interest is about all levels from 3182 to 3252, since these level were broken in one breath (the hidden gao was formed) and now we are near by them again.

I am not closing my longs since I can see the bullish triangle (from the last 1h upmove) being formed at the 1h TF.

Best
D.P.
Hunting High and Low
  • #437,577
  • Aug 23, 2016 8:06am Aug 23, 2016 8:06am
Quoting Fx_Anil
Given the GBPUSD manage to clear 1.3215-20, its rally towards 1.3280 becomes imminent. {image}
Why 3280? What is there?

Best
D.P.
Hunting High and Low
  • #437,578
  • Aug 23, 2016 8:15am Aug 23, 2016 8:15am
Quoting Dr.Phoenix
{quote} 3220... And this level has not been hit yet. It does not matter where the fibo level is. The whole interest is about all levels from 3182 to 3252, since these level were broken in one breath (the hidden gao was formed) and now we are near by them again. I am not closing my longs since I can see the bullish triangle (from the last 1h upmove) being formed at the 1h TF. Best D.P.
Cheers for that
Striving for consistency
  • #437,579
  • Aug 23, 2016 8:16am Aug 23, 2016 8:16am
Quoting Dr.Phoenix
{quote} Why 3280? What is there? Best D.P.
More pips
Striving for consistency
  • #437,580
  • Aug 23, 2016 8:18am Aug 23, 2016 8:18am
Quoting Brabo79
{quote} Nice analysis
Thanks a lot
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