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Cable Update (GBPUSD)

  • #437,801
  • Aug 25, 2016 3:42am Aug 25, 2016 3:42am
Quoting pointlessfor
3224 short
closed 3215
  • #437,802
  • Aug 25, 2016 4:07am Aug 25, 2016 4:07am
Quoting ZenNy
{quote} Yes, but time will tell...
60m chart.

On the 15, she made another leg up, but on the hourly was a clear fail final flag at a dueling line (intersection trendline and trend channel line)
Attached Image (click to enlarge)
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trading is simple but is simple is not easy.
  • #437,803
  • Aug 25, 2016 4:08am Aug 25, 2016 4:08am
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
  • #437,804
  • Aug 25, 2016 4:17am Aug 25, 2016 4:17am
Quoting Dr.Phoenix
{quote} wait with me... Best D.P. P.S. Big boys are closing their positions behind the round numbers and quarters.
Good thing we waited. Although I am kinda unhappy that I missed the opportunity to open a short position afterwards.
  • #437,805
  • Edited 7:17am Aug 25, 2016 4:36am | Edited 7:17am
We could be in a pennant with TP between today and tomorrow around 1.3170

EDIT: 2:17 PM (italian time). The order has been closed because not triggered.
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  • #437,806
  • Aug 25, 2016 5:05am Aug 25, 2016 5:05am
We are pushing down. BBs do not give retail traders to go up.
The question is what the level is comfortable for BBs to push down.

Best
D.P.
Hunting High and Low
  • #437,807
  • Aug 25, 2016 5:11am Aug 25, 2016 5:11am
lines to watch.
Attached Image (click to enlarge)
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  • #437,808
  • Aug 25, 2016 5:20am Aug 25, 2016 5:20am
OK im watching but what does it mean?
  • #437,809
  • Aug 25, 2016 5:24am Aug 25, 2016 5:24am
Quoting mlawson71
{quote} Good thing we waited. Although I am kinda unhappy that I missed the opportunity to open a short position afterwards.
D.P.
Hunting High and Low
  • #437,810
  • Aug 25, 2016 5:26am Aug 25, 2016 5:26am
long 3213
  • #437,811
  • Aug 25, 2016 5:30am Aug 25, 2016 5:30am
Quoting pointlessfor
long 3213
I think we're drifting lower brother, but wish u a luck.
buying tops / selling bottoms
  • #437,812
  • Aug 25, 2016 5:35am Aug 25, 2016 5:35am
Quoting voty
{quote} I think we're drifting lower brother, but wish u a luck.
think he's playing the retrace after the H1 engulf which is forming now?
  • #437,813
  • Aug 25, 2016 5:36am Aug 25, 2016 5:36am
Today is the day of the dreaded drift on nearly every pair. Might give up for the day and read a book instead
  • #437,814
  • Aug 25, 2016 5:41am Aug 25, 2016 5:41am
Bouncing off order level- 1.32
  • #437,815
  • Aug 25, 2016 5:56am Aug 25, 2016 5:56am
short @ 1.3193
  • #437,816
  • Aug 25, 2016 5:56am Aug 25, 2016 5:56am
Quoting pointlessfor
long 3213
waiting second long. still holding
  • #437,817
  • Aug 25, 2016 5:57am Aug 25, 2016 5:57am
Quoting nairate
Today more longs comming... will see. no trades yet short 1325 tp 1315 {image}
Halfway to the destination

And hope that british shoppers had been exhausted for spending their money
bcos that raised consumer credit more and hit strongest pace in 10 years
as shoppers hit the stores and took advantage of low interest rate loans.
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  • #437,818
  • Aug 25, 2016 5:59am Aug 25, 2016 5:59am
Broken through 1.32- next stop anyone-1.318, 1.315
At least we have some news this afternoon - Durable Goods
Despite missing estimates over the the last several months - analysts appear to this think that they could be beaten
This could be assisting in the downward pressure on Cable
Tomorrow looks good though
  • #437,819
  • Aug 25, 2016 6:02am Aug 25, 2016 6:02am
1st long @ 3194
Pending long @ 3185 (Weekly POC)

Best
D.P.
Hunting High and Low
  • #437,820
  • Aug 25, 2016 6:04am Aug 25, 2016 6:04am
We have had a 5 wave movement downwards - so it could retrace
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