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Cable Update (GBPUSD)

  • #439,061
  • Sep 6, 2016 1:33am Sep 6, 2016 1:33am
Quoting Wdfx
Good morning, over the past three hours cable has been stuck in a narrow range between 1.3318 and 1.3326. looking for a break above 1.3330 /35 to continue the move upwards above 1.3375/3400. Or a break below 1.3290 for a reversal targeting 1.3250.
Looking at that wick on the Daily chart would not be surprised to see some kinda up move .. ;-)
  • #439,062
  • Sep 6, 2016 1:51am Sep 6, 2016 1:51am
long gbp for 300 pip target
good luck
joine me mql5.........
  • #439,063
  • Sep 6, 2016 1:52am Sep 6, 2016 1:52am
Quoting dean1star
{quote} Looking at that wick on the Daily chart would not be surprised to see some kinda up move .. ;-)

Thanks Dean. In long at 27, secured a few pips earlier also. Stop at BE. Lets see if I can make up last weeks losses this week.
Striving for consistency
  • #439,064
  • Sep 6, 2016 2:03am Sep 6, 2016 2:03am
Quoting dean1star
{quote} Looking at that wick on the Daily chart would not be surprised to see some kinda up move .. ;-)

Thanks Dean. In long at 27, secured a few pips earlier also. Stop at BE. Lets see if I can make up last weeks losses this week.
Striving for consistency
  • #439,065
  • Sep 6, 2016 2:19am Sep 6, 2016 2:19am
First target 3375, if it breaks 3385 then looking for 3400 / 3420 /3470
Striving for consistency
  • #439,066
  • Sep 6, 2016 2:20am Sep 6, 2016 2:20am
looking strong, cable, but I'd be worried about the divergence (plus possibility of head and shoulder). Safe to buy in red rectangle area
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1diver.png Size: 47 KB
I'm high on trading, cant you tell?
  • #439,067
  • Sep 6, 2016 2:23am Sep 6, 2016 2:23am
Quoting Sammih
looking strong, cable, but I'd be worried about the divergence (plus possibility of head and shoulder). Safe to buy in red rectangle area {image}
Good point but the question is where will it turn?
Striving for consistency
  • #439,068
  • Sep 6, 2016 2:27am Sep 6, 2016 2:27am
Quoting Lock
{quote} Good morning, the situation didn't change from yesterday: the first 2 refs below have been taken out (they were extremely weak as written) and we have now a substitute for them with current Tokyo low at 33016. Yesterday GB news only let the market make a test above August high at 33712. Pit session yesterday made a balance day with its value right inside Friday pit value. Yes Pit took out Friday Pit low but it did it with very low volume (considering the bank holiday) Anyway we are in a 2 day balance situation for Pit. We can insist remaining...
a little note: if up the target is obviously the top of the major bracket at 35326. I'm not saying it has to go there, but this is normal. In any case do not forget the structure below. Carry this information forward for the next days if price will go further upwards.
Ubi maior minor cessat
  • #439,069
  • Sep 6, 2016 2:33am Sep 6, 2016 2:33am
Quoting Wdfx
{quote} Good point but the question is where will it turn?
I'll stick my neck out and say when price closes below the Daily Pivot point, or a false break out of yesterdays high
I'm high on trading, cant you tell?
  • #439,070
  • Sep 6, 2016 2:42am Sep 6, 2016 2:42am
3342 short.
  • #439,071
  • Sep 6, 2016 2:43am Sep 6, 2016 2:43am
Quoting pointlessfor
3295 my second long.
3344 closed
  • #439,072
  • Sep 6, 2016 2:49am Sep 6, 2016 2:49am
Quoting pointlessfor
3342 short.
closed 3339.

long 3339
  • #439,073
  • Sep 6, 2016 2:50am Sep 6, 2016 2:50am
Quoting pointlessfor
{quote} closed 3339. long 3339
3 pips?
I'm high on trading, cant you tell?
  • #439,074
  • Sep 6, 2016 2:53am Sep 6, 2016 2:53am
Quoting Sammih
{quote} 3 pips?
yes, i saw false breakout on m1 .
  • #439,075
  • Sep 6, 2016 2:53am Sep 6, 2016 2:53am
Quoting Sammih
{quote} 3 pips?
thinking it wants yeasterday highs
  • #439,076
  • Sep 6, 2016 2:54am Sep 6, 2016 2:54am
Quoting pointlessfor
{quote} closed 3339. long 3339
closed 3341 . short 3339
  • #439,077
  • Sep 6, 2016 2:55am Sep 6, 2016 2:55am
Quoting pointlessfor
{quote} closed 3341 . short 3339
target 3290
  • #439,078
  • Edited 3:25am Sep 6, 2016 3:04am | Edited 3:25am
Though next bull target fixed to 3477 breaks but should be difficult reach> even try best this time directly ( signal breaks up 1.3375 )or 3260/00 can test before it .even bo towards 3128 or further bo possible next after or before up target try or hit .Take care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #439,079
  • Sep 6, 2016 3:05am Sep 6, 2016 3:05am
Quoting Sammih
{quote} 3 pips?
Every dollar counts.
  • #439,080
  • Sep 6, 2016 3:14am Sep 6, 2016 3:14am
Quoting Sammih
{quote} I'll stick my neck out and say when price closes below the Daily Pivot point, or a false break out of yesterdays high
It hasn't got through the 3352 level and now approaching the daily pivot. Considering going short.
Striving for consistency
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