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Cable Update (GBPUSD)

  • #438,221
  • Aug 29, 2016 1:10pm Aug 29, 2016 1:10pm
Quoting elbert3
{quote} 1 hour 56 now has the train left the station ?
We are heading ALL WAY UP.
Analysis coming up from me soon if I have the energy it takes to gather the information for it.

But the Calendar favor EUR and as well GBP tomorrow.
  • #438,222
  • Aug 29, 2016 1:24pm Aug 29, 2016 1:24pm
scalping close my longs, waiting reaction on key point
  • #438,223
  • Aug 29, 2016 1:24pm Aug 29, 2016 1:24pm
Stopped out on my short, jumped back in long, tight stop following it up, damage limitation for me. Trying to get back to BE for the day.
Striving for consistency
  • #438,224
  • Aug 29, 2016 1:25pm Aug 29, 2016 1:25pm
chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu15m229082016.png Size: 39 KB
  • #438,225
  • Aug 29, 2016 1:29pm Aug 29, 2016 1:29pm
Attached Image
  • #438,226
  • Aug 29, 2016 1:34pm Aug 29, 2016 1:34pm
Quoting Wdfx
Stopped out on my short, jumped back in long, tight stop following it up, damage limitation for me. Trying to get back to BE for the day.
Back out at BE ..... perhaps I should retire for the evening. Thank goodness I didn't loss any more. The fact is however it hit a trend line that I have. Is it going to bounce off it or break through it???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 15M 290816JPG.JPG Size: 204 KB
Striving for consistency
  • #438,227
  • Aug 29, 2016 1:46pm Aug 29, 2016 1:46pm
should see a break towards 1.31470
Just 20 pips a day to riches
  • #438,228
  • Aug 29, 2016 1:56pm Aug 29, 2016 1:56pm
Quoting FastPipn
should see a break towards 1.31470
what makes you think that?
  • #438,229
  • Aug 29, 2016 2:02pm Aug 29, 2016 2:02pm
My Wife is listening to loud music in another room. Quite appropriate "Survivor" by Destiny's Child is playing. I should give this up and go for a boogie
Striving for consistency
  • #438,230
  • Aug 29, 2016 2:03pm Aug 29, 2016 2:03pm
Quoting Don96
{quote} what makes you think that?
Your probably right again Big Don... I love your subtle hints...
Striving for consistency
  • #438,231
  • Aug 29, 2016 2:15pm Aug 29, 2016 2:15pm
Quoting Wdfx
{quote} Your probably right again Big Don... I love your subtle hints...
well atm im seeing those higher numbers i posted earlier, would like a long from 1.3046, i tried one at 68 and stop of 6 pips got hit
  • #438,232
  • Aug 29, 2016 2:34pm Aug 29, 2016 2:34pm
Quoting Don96
{quote} well atm im seeing those higher numbers i posted earlier, would like a long from 1.3046, i tried one at 68 and stop of 6 pips got hit
Its so difficult to call. Today was not a good day due to the bank holiday in the UK. We are in the middle of a range and sentiment is against cable, It did look like a double top in the middle of the range last week on the daily and that perhaps it was going to fall further before rising. That did not transpire today, who knows where it will go tomorrow. It may be about to settle for the evening.
Striving for consistency
  • #438,233
  • Aug 29, 2016 2:47pm Aug 29, 2016 2:47pm
Quoting Afarensis
chart {image}

I Agree , maybe some higher to 3190 ( 61.8 Fibonacci from Friday )
  • #438,234
  • Aug 29, 2016 3:37pm Aug 29, 2016 3:37pm
Any body comment on 1 hour doji ? df db doji engulfing or any candle formation is better on a s/r line
  • #438,235
  • Aug 29, 2016 4:46pm Aug 29, 2016 4:46pm
Quoting elbert3
Any body comment on 1 hour doji ? df db doji engulfing or any candle formation is better on a s/r line
GBPUSD is now on a retracement upwards for a further southward move. Trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_1H_View_August_29,_2016.png Size: 17 KB
Do your homework, follow the footprints of smart money
  • #438,236
  • Aug 29, 2016 11:05pm Aug 29, 2016 11:05pm
Picked up 25 pips over night to recover most of yesterdays loss. Now where is it going ?? Currently at 1.3083 been as low as 1.3075 has it turned? Will watch for a while.
Striving for consistency
  • #438,237
  • Aug 30, 2016 12:30am Aug 30, 2016 12:30am
Quoting Wdfx
Picked up 25 pips over night to recover most of yesterdays loss. Now where is it going ?? Currently at 1.3083 been as low as 1.3075 has it turned? Will watch for a while.
Should test 1.3058 soon again. if brakes - 1.29 direction - works in daily triangle. lets check coming data.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 45 KB
  • #438,238
  • Aug 30, 2016 12:38am Aug 30, 2016 12:38am
I will look to sell rallies this morning.
Also have a limit order at 1.31 just in case they intend to re-test
Will check bank orders
  • #438,239
  • Aug 30, 2016 12:56am Aug 30, 2016 12:56am
Quoting RiderKBP
{quote} Should test 1.3058 soon again. if brakes - 1.29 direction - works in daily triangle. lets check coming data. {image}
Now hovering at 3075. it will be interesting to see if it gets down to 3060
Striving for consistency
  • #438,240
  • Aug 30, 2016 1:38am Aug 30, 2016 1:38am
bouncing off yesterdays 1.15 fix
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