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Cable Update (GBPUSD)

  • #438,081
  • Aug 26, 2016 11:21am Aug 26, 2016 11:21am
Quoting iamawaited
{quote} Well... i am Martingale selling though. i have loaded plenty sells for a ride down.. if it goes higher i add more!! GL
i see ... I forsee!!!
Next level is the Brexit LOW.. It should find that level by next month.. Next Level i forsee is EJPY 110.90. Nothing wrong with short rides here and there but i would love to be on the sweeter side for long term rides... Glorious Year!!!
Trading Eternal...... Shiny & Chrome!!!!
  • #438,082
  • Aug 26, 2016 11:22am Aug 26, 2016 11:22am
Double bottom DOLLAR, double top GU, only waiting short setups
  • #438,083
  • Aug 26, 2016 11:23am Aug 26, 2016 11:23am
short GU with tight SL
  • #438,084
  • Aug 26, 2016 11:26am Aug 26, 2016 11:26am
Quoting aarontdang
{quote} Awesome ... I was holding my GU Short from yesterday and it just won't go down ..... Right after I decide to closed it .. it drop like hell .... What's wrong with me? Why my timing always off just couple of minutes What's wrong with the circle parts {image}
Its not you btw .. Well they have been holding off to see if Yellen would offer any clues - if you gonna say Sept looks good for a rate hike then worth waiting for her.
They say next year 3 percent would be cool in the States, think we gonna struggle to stay on zero lol .. game of patience this one hey ..
  • #438,085
  • Aug 26, 2016 11:40am Aug 26, 2016 11:40am
Quoting nairate
{quote} Hello Friends, It is possible not to use a stop loss and stay safe on your account. Forex is a business and not a rich-on-demo escapist scheme , neither is it a programme designed to put anyones life into frustration. If you have been trying to trade without a stoploss and failing ,maybe,you have not been doing it rightly. If you are using stoploss ,it can even be a source of more losses,you enter a trade ,it hits your stoploss and reduces your equity ,you enter again it hits your stop loss ,making it look as if your acct is growing and...
Nice, how many years are you using this method?
  • #438,086
  • Aug 26, 2016 11:46am Aug 26, 2016 11:46am
Well it just made 61 ext of the whip ? Sell or buy ? Fail 3160 area then look to 100 and 161 ext see where that is ? Anybody want to do the sum ?
  • #438,087
  • Aug 26, 2016 12:10pm Aug 26, 2016 12:10pm
can't be a double top if you mean it in the proper sense

Quoting Afarensis
Double bottom DOLLAR, double top GU, only waiting short setups
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,088
  • Aug 26, 2016 12:14pm Aug 26, 2016 12:14pm
you can look gbp jpy in fact was a low risk situ that never sold this week ,

Quoting Bones
id see how it opens {quote} {image} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp JPY (DFB).png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,089
  • Aug 26, 2016 12:16pm Aug 26, 2016 12:16pm
also id make a further suggestion ,not touch NZD long
Attached Image (click to enlarge)
Click to Enlarge Name: NZD (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,090
  • Aug 26, 2016 12:22pm Aug 26, 2016 12:22pm
wont hold
Attached Image (click to enlarge)
Click to Enlarge Name: nzd USD (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,091
  • Aug 26, 2016 12:22pm Aug 26, 2016 12:22pm
My explanation on chart
Attached Image (click to enlarge)
Click to Enlarge Name: GU 26082016.png Size: 44 KB
  • #438,092
  • Aug 26, 2016 12:25pm Aug 26, 2016 12:25pm
yea i know ,its wrong since its not a top
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,093
  • Aug 26, 2016 12:29pm Aug 26, 2016 12:29pm
Quoting Bones
yea i know ,its wrong since its not a top
It is a 1 h chart is not for long term. Maybe retest the support or trend line, but the target could be 1.3050.
  • #438,094
  • Aug 26, 2016 12:40pm Aug 26, 2016 12:40pm
ok yea you have matching highs ,even on h1 we could see proper double top ,maybe I'm being picky,


Quoting Afarensis
{quote} It is a 1 h chart is not for long term. Maybe retest the support or trend line, but the target could be 1.3050.
Attached Image (click to enlarge)
Click to Enlarge Name: h1 USD (DFB).png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,095
  • Aug 26, 2016 12:46pm Aug 26, 2016 12:46pm
$ is bullish but so is gbp ,thats what I see ,jpy bearish,nzd bearish
Attached Image (click to enlarge)
Click to Enlarge Name: 26 Aug 2016 06-44-10.png Size: 47 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,096
  • Aug 26, 2016 12:46pm Aug 26, 2016 12:46pm
Quoting Afarensis
My explanation on chart {image}
It is not a double top, it is not a triple top, or H&S.
All these formations have a little volume on the last high in row.
Today we have very high volume what means the last top needs to be tested.

Best
D.P.
Hunting High and Low
  • #438,097
  • Aug 26, 2016 12:49pm Aug 26, 2016 12:49pm
probably worth noting
Attached Image (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #438,098
  • Aug 26, 2016 12:50pm Aug 26, 2016 12:50pm
Quoting Bones
ok yea you have matching highs ,even on h1 we could see proper double top ,maybe I'm being picky, {quote} {image}

D.P.
Hunting High and Low
  • #438,099
  • Aug 26, 2016 12:57pm Aug 26, 2016 12:57pm
Something to ponder

Bottom of channel or H+S pattern break
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 41 KB
Click to Enlarge Name: GBPUSDH4222.png Size: 39 KB
  • #438,100
  • Aug 26, 2016 12:58pm Aug 26, 2016 12:58pm
Quoting Dr.Phoenix
Hello, guys, I would like to take some words, if you mind... First. Look at the picture (4H) below. You can see the blue stripe, the hidden gap from 3185 to 3225. We are closing it - unexpectadly it is being closed fast enough, I must say. But, we have the Asian Initial Balance (where is LOCK indeed?) to be wide - actually it is wider that the YEAR's average. It means that the London IB will be wide as well and the day will be mixed, with no conventional move (however the GU pair is artful one). Moreover, it is possible that the Asian session has...
The media set up a Dovish Fed perfectly only to be more HAWKISH in reality. I escaped that trade and went long USD/JPY. The recent UK data showed no Brexit impact and that propelled the pound off of the 130 area support level but with the rate cut, a ton of QE every month and the more hawkish leaning US FED the longer term trend on GBP/USD is down, down, down to 1.28 at least. SHORT now from 1.3176.
.
Be humble or be humbled.
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