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Cable Update (GBPUSD)

  • #437,741
  • Aug 24, 2016 10:52am Aug 24, 2016 10:52am
Quoting Bones
today is wed ,it will be bearish and the open wont change ,I'm confident to say this from that {quote}
If the weekly candle is similar this
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  • #437,742
  • Aug 24, 2016 10:53am Aug 24, 2016 10:53am
More signs M30
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  • #437,743
  • Aug 24, 2016 10:56am Aug 24, 2016 10:56am
Quoting nafham
More signs M30 {image}
Man! thanks for that!

It confirms my short.

But price is getting kind of rejected by now
A good strategy for trading is... the opposite of having a bad strategy.
  • #437,744
  • Aug 24, 2016 11:02am Aug 24, 2016 11:02am
Shorting seemed to be a terrible decision
A good strategy for trading is... the opposite of having a bad strategy.
  • #437,745
  • Aug 24, 2016 11:05am Aug 24, 2016 11:05am
Quoting Afarensis
GU need break Resistence & divergence 1h {image}
Your analysis has provoked my thought process. I agree with you.

but I wont be too hasty to place a sell just yet. Here is my own analysis for notes comparison. Mine says we've broken a trendline and are now just re testing it as usual.

I absolutely concur 3275 is resistance.

A break below point A would lead to point B (90 pips) . A break of B would turn me into a bear and would lead to C (300 pips) respectively.

But a break above D would take us to E (600 pips)

Views?
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I'm high on trading, cant you tell?
  • #437,746
  • Aug 24, 2016 11:15am Aug 24, 2016 11:15am
Quoting PowerTrade
Shorting seemed to be a terrible decision
Seems to bounce off of short term fib level at 38.2, R1 daily pivot, and 8 ema on 60min chart.
Just 20 pips a day to riches
  • #437,747
  • Aug 24, 2016 11:16am Aug 24, 2016 11:16am
Quoting Afarensis
GU need break Resistence & divergence 1h {image}
The divergence is most tempting. But it could well be a "The Hound of Baskervilles" and propel price to a near vertical rise. Waiting for a clear signal. Thanks for your analysis m8
I'm high on trading, cant you tell?
  • #437,748
  • Aug 24, 2016 11:18am Aug 24, 2016 11:18am
Quoting PowerTrade
short @ 1.32266
Closed - 20pips
A good strategy for trading is... the opposite of having a bad strategy.
  • #437,749
  • Aug 24, 2016 11:20am Aug 24, 2016 11:20am
Quoting PowerTrade
Shorting seemed to be a terrible decision
Not necessarily. A is a long term trendline, very strong. We've broken above it. We might be retesting it or it might be a false break out. Point D is quite significant in that it make 1.28 a medium term low. A break above D would nullify any short and would most likely result in a steep up move with only 1.3333 (F) in the way.

my 2 cents
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I'm high on trading, cant you tell?
  • #437,750
  • Aug 24, 2016 11:22am Aug 24, 2016 11:22am
Quoting Sammih
{quote} Your analysis has provoked my thought process. I agree with you. but I wont be too hasty to place a sell just yet. Here is my own analysis for notes comparison. Mine says we've broken a trendline and are now just re testing it as usual. I absolutely concur 3275 is resistance. A break below point A would lead to point B (90 pips) . A break of B would turn me into a bear and would lead to C (300 pips) respectively. But a break above D would take us to E (600 pips) Views? {image} {image} {image}
good analysis man...daily close is the key
  • #437,751
  • Aug 24, 2016 11:26am Aug 24, 2016 11:26am
Generally we are still very much in a northward mood on the cable. The technicals on the HTFs are in applause on this. Trade safe.

KP
Do your homework, follow the footprints of smart money
  • #437,752
  • Aug 24, 2016 11:40am Aug 24, 2016 11:40am
Quoting PowerTrade
short @ 1.32266
and the break of level A to B has began
  • #437,753
  • Aug 24, 2016 11:41am Aug 24, 2016 11:41am
I think I'll retire for the day. Safe trading everyone
I'm high on trading, cant you tell?
  • #437,754
  • Aug 24, 2016 11:53am Aug 24, 2016 11:53am
long 3230
  • #437,755
  • Aug 24, 2016 12:04pm Aug 24, 2016 12:04pm
Finally a bullish hammer made on trend line Eur/gbp 4 hour chart and RSI over bought as well going long and shorting Gbp/usd
  • #437,756
  • Aug 24, 2016 12:05pm Aug 24, 2016 12:05pm
Quoting pointlessfor
long 3230
closed 3237
  • #437,757
  • Aug 24, 2016 12:13pm Aug 24, 2016 12:13pm
Quoting Sammih
{quote} Your analysis has provoked my thought process. I agree with you. but I wont be too hasty to place a sell just yet. Here is my own analysis for notes comparison. Mine says we've broken a trendline and are now just re testing it as usual. I absolutely concur 3275 is resistance. A break below point A would lead to point B (90 pips) . A break of B would turn me into a bear and would lead to C (300 pips) respectively. But a break above D would take us to E (600 pips) Views? {image} {image} {image}
and the break of level A to B has began
  • #437,758
  • Aug 24, 2016 12:52pm Aug 24, 2016 12:52pm
Quoting Sammih
{quote} Not necessarily. A is a long term trendline, very strong. We've broken above it. We might be retesting it or it might be a false break out. Point D is quite significant in that it make 1.28 a medium term low. A break above D would nullify any short and would most likely result in a steep up move with only 1.3333 (F) in the way. my 2 cents {image}
I agree, I was thinking maybe I got too early into the trade (if trend changes), keep looking for short, there will be always another trade.
A good strategy for trading is... the opposite of having a bad strategy.
  • #437,759
  • Aug 24, 2016 2:07pm Aug 24, 2016 2:07pm
yes, there will always be another trade - how well I know. just caught a few words of someone's reply just before me.

when I began fx among the stuff I picked up is, the gbp usd is a pair for advanced traders or words to that effect -

now, just writing to say this:

Kess wrote in response that emotions don't matter and things will cease eventually - absolutely correct - we certainly will, too and to be any kind of a better version of me - I keep this in mind daily to the best of my ability. For real!!! Life is f r a g I l e .

here's what I wrote a couple of days ago elsewhere
'to me pound and Britain have each got a lot of stored power and to me the down-side of Brexit will be limited

pound is a very old currency; it has support from places and in ways I cannot describe I just know it is present. to me this has something to do with the fact that Britain never gave it up to associate with the eu and to me, efforts at globalism will ultimately be limited because implementing one digital currency is a dream that currencies like pound will just quietly laugh at'

trade small, trade light, take profit - when the pound tanks, I am ready

it helps to focus on one pair or two pairs if you are a trader like me
  • #437,760
  • Aug 24, 2016 3:37pm Aug 24, 2016 3:37pm
ok guys here is a secret that works but don't argue with me about it - look - meaning, look for yourself - I am not available for discussion bec I can't handle it

observe that gbp pairs the ones I trade are gbp usd and gbp jpy

*show the low or high of the day during the hours

Frankfurt open through two or so hours into London*

bye
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