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Cable Update (GBPUSD)

  • #439,161
  • Sep 6, 2016 9:50am Sep 6, 2016 9:50am
close long on gbp.+90 pip
joine me mql5.........
  • #439,162
  • Sep 6, 2016 9:52am Sep 6, 2016 9:52am
Quoting iran_trader
long gbp for 300 pip target good luck
close long on gbp.+90 pip
joine me mql5.........
  • #439,163
  • Sep 6, 2016 10:06am Sep 6, 2016 10:06am
Quoting pointlessfor
{quote} 3388 my third short. yes we will go down. my risk is good.
hope you have no big loss
  • #439,164
  • Sep 6, 2016 10:28am Sep 6, 2016 10:28am
I think the hourly is like this ,
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #439,165
  • Sep 6, 2016 10:30am Sep 6, 2016 10:30am
daily is highly unlikely to change today
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #439,166
  • Sep 6, 2016 10:35am Sep 6, 2016 10:35am
Quoting Bones
I think the hourly is like this , {image}
Yeah, we seem to be about to go upper.

I am having long from 33267 and 33336 and trying to take the corrective move down.
But firmly I am about to go higher... So I need to re-arrange my vision.

GBP has just broken the upper level with volume.

The only thing I am bothering is that the pair is overbough.

Best
D.P.
Hunting High and Low
  • #439,167
  • Sep 6, 2016 10:59am Sep 6, 2016 10:59am
The technicals point to further northward move on the cable. A much likely move to retest the resistance zone created on July 15.

KP
Do your homework, follow the footprints of smart money
  • #439,168
  • Sep 6, 2016 11:04am Sep 6, 2016 11:04am
current pit high at 34443 is weak as it is also previous 06.30 Pit session high. Structure below is ugly.
Ubi maior minor cessat
  • #439,169
  • Sep 6, 2016 11:04am Sep 6, 2016 11:04am
Northwards I agree. This is how i see it. A break of 3484 opens doors for 4100. But I think as Dr.Phoenix says, we are overbought, expect a retest of former resistance to create support at 3350
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 target.png Size: 55 KB
I'm high on trading, cant you tell?
  • #439,170
  • Sep 6, 2016 11:06am Sep 6, 2016 11:06am
And I'm relatively worried about this divergence
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1worried.png Size: 48 KB
I'm high on trading, cant you tell?
  • #439,171
  • Sep 6, 2016 11:10am Sep 6, 2016 11:10am
Quoting Lock
current pit high at 34443 is weak as it is also previous 06.30 Pit session high. Structure below is ugly.
3449 is a previous GB m30 high round number TAG. (3450)
Also 34805 is July Tokyo poor high.
Current pit session is still one timeframing higher. No pull back low for now.
Today London close is at 34265. So it is weak as the base for F period.
Ubi maior minor cessat
  • #439,172
  • Sep 6, 2016 11:10am Sep 6, 2016 11:10am
no H&S ,
yes consolidation box ,
could be double bottom
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #439,173
  • Sep 6, 2016 11:20am Sep 6, 2016 11:20am
This is what we have

Best
D.P.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-09-06_19-16-46.jpg Size: 773 KB
Hunting High and Low
  • #439,174
  • Sep 6, 2016 11:21am Sep 6, 2016 11:21am
Quoting Bones
no H&S , yes consolidation box , could be double bottom
get ready for some sort of move then, either break of box or move back to lower level?
I'm high on trading, cant you tell?
  • #439,175
  • Sep 6, 2016 11:24am Sep 6, 2016 11:24am
Quoting Dr.Phoenix
This is what we have Best D.P. {image}
Interesting, nice view there, I might do some shorts tomorrow
I'm high on trading, cant you tell?
  • #439,176
  • Edited 12:21pm Sep 6, 2016 11:26am | Edited 12:21pm
We have the hidden gap of 33600-34210 that needs being closed.
This might happen on Friday, for instance.

Best
D.P.

P.S. If you look at the picture above (posted at http://www.forexfactory.com/showthre...60#post9123060)
you can find the white line that is upper than the current prices. this is almost third standart deviation - the level, at which the price might have been corrected. The much higher the price is going, the more probable the price is about to reverse back down.
Hunting High and Low
  • #439,177
  • Sep 6, 2016 11:34am Sep 6, 2016 11:34am
One more thing, should the daily candle close above 3426, my conviction goes from strong bull to firm bull, I'd bet on price breaking out of its range upwards.
I'm high on trading, cant you tell?
  • #439,178
  • Sep 6, 2016 3:32pm Sep 6, 2016 3:32pm
Quoting digger1
{quote} Im looking at this blue line lol, in the area of the popular 272 fib extension, those from the range in the white box,,,,,,,, has some candle wicks up there that looks like unfinished business and the gap in the blue box on the left that needs some candle bodies in it ,,,,,,,,,,,,,,,,,,,, not big on candle stick knowledge but a 4 hour chart has somewhat of a rising 3 pattern going on which is usually bullish,,,,,,,,,,can all change in a heartbeat as we all know but the news has been good,,,,,, brexit didnt end the world,,,,,,,,, and ya gotta...
sorry dig for late reply had a couple or busy days and long ones . Still going for that Sunday 3470 locked in now at 3400 overnight and I will short 3398 into a scalp retrace and let it run if if it goes B off to bed now as I have a 4 am wake to drive over to jersey
  • #439,179
  • Sep 6, 2016 3:33pm Sep 6, 2016 3:33pm
Quoting Sammih
One more thing, should the daily candle close above 3426, my conviction goes from strong bull to firm bull, I'd bet on price breaking out of its range upwards.
Hi s just out of interest did you go with my last post to you. Regards E
  • #439,180
  • Sep 6, 2016 3:39pm Sep 6, 2016 3:39pm
Quoting Sammih
And I'm relatively worried about this divergence {image}
Inverted hammer on your chart ? For me I will be looking at the last break out . But it tells us it can break out not on my chart but is the top of the hammer on a 61% ext of the last breaks if you can understand that Sorry but off to bed now be of interest if you can confirm . Regards E and good night
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