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Cable Update (GBPUSD)

  • #440,701
  • Sep 16, 2016 6:35pm Sep 16, 2016 6:35pm
Quoting Don96
{quote} dont see 1.3 holding atm
http://www.forexfactory.com/showthre...09#post9143709
  • #440,702
  • Sep 16, 2016 6:40pm Sep 16, 2016 6:40pm
Quoting USDollar
#GBPUSD love it when a plan comes together..... calculation have been on point these few trades on pound.... taking notes and seeing what is working and not working... did not expect a sell off this big.... one thing im trying to work on is if the calculation can tell me if the move will be big or not... I took half off @ 1.3026 and now playing with the house money anyways kudos to those that are short the pound.. Gann Analysis {image}
something like this...
http://www.forexfactory.com/showthre...87#post9143087

and

http://www.forexfactory.com/showthre...45#post9143245

I love forex.
http://www.forexfactory.com/attachme...2&d=1474021704

Will learn from anyone as we all have limited time!
  • #440,703
  • Sep 16, 2016 6:50pm Sep 16, 2016 6:50pm
Pound pressure well remains on the downside while dollar is strong due to better US CPI data, Gbp/Usd broke below the psychological level at 1.3000, further decline might be expected.
  • #440,704
  • Sep 16, 2016 7:53pm Sep 16, 2016 7:53pm
Quoting Wdfx
{quote} Hey Don chill... I would get stressed if my electric kept getting switched off as well By the way I'm a guesser
1.29** still long?

a 9 years old can help 90 cross a pit.
  • #440,705
  • Sep 16, 2016 8:02pm Sep 16, 2016 8:02pm
Quoting csc2009
Pound pressure well remains on the downside while dollar is strong due to better US CPI data, Gbp/Usd broke below the psychological level at 1.3000, further decline might be expected.
US data still hold positive outlook and gesture next week.

Do not copy people, be certain and check ECONOMIC CALENDAR. It doesn't lie.. - goes against the currency and + works right with currency.

Trade safe.
  • #440,706
  • Sep 16, 2016 9:51pm Sep 16, 2016 9:51pm
Gbpusd make cypher pattern. Does it will make bullish candle next week? I hold my long position (buy) at 1.3280. Does gbpusd will back to 1.32xx in next w1??
  • #440,707
  • Sep 16, 2016 10:59pm Sep 16, 2016 10:59pm
Quoting Horcrux
Gbpusd make cypher pattern. Does it will make bullish candle next week? I hold my long position (buy) at 1.3280. Does gbpusd will back to 1.32xx in next w1??
imo, maybe in a couple weeks...either way it sounds like a gamble for you -- why not just focus on your trading strategy and
follow it well, then you will know if it works over time and then you can tweak it over time.
  • #440,708
  • Edited 2:36am Sep 17, 2016 2:09am | Edited 2:36am
Quoting Dr.Phoenix
We have come to the main support @1,3, having the Climatic action bar. The last climatic action bar was the Brexit bar. However the volume of the current climatic bar is twice lower than that. Best D.P.
4h chart

Best
D.P.

Quoting Horcrux
Gbpusd make cypher pattern. Does it will make bullish candle next week? I hold my long position (buy) at 1.3280. Does gbpusd will back to 1.32xx in next w1??
I mostly accumulating as well. However I hardly believe what the price reaches 3280 next week.
The weekly initial balance is wide; it is 2995-32475. IMO, we are about to be fluctuating within this range.

There are hidden gaps within the range:
--- 30282-30666
--- 31252-31622
--- 32135-32250
--- 32308-32330

So, that is why we have many zones to work out.

Best
D.P.
Attached Image (click to enlarge)
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Hunting High and Low
  • #440,709
  • Sep 17, 2016 2:32am Sep 17, 2016 2:32am
[quote=elbert3;9144368]
Quoting dean1star
18 hr ago {quote} Did you change trade you where long 3200 ? Hope you did E
Had no choice when they played that move into Asia.
Floor zone came into play Logical after the news.
New Low printed on Monday will then look to go long again ..
Overshoot not expected on the level but its is their game afterall ..
  • #440,710
  • Edited 4:14am Sep 17, 2016 2:55am | Edited 4:14am
Quoting Horcrux
Gbpusd make cypher pattern. Does it will make bullish candle next week? I hold my long position (buy) at 1.3280. Does gbpusd will back to 1.32xx in next w1??
GBPUSD, having broken the monthly pivot point, is obviously heading southward come next week with possibility of getting to 1.29000 and even lower to the 1.27950 support level before a possible reversal...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 29 KB
Study and risk taking are the engine & fuel that will propel you to success
  • #440,711
  • Sep 17, 2016 3:24am Sep 17, 2016 3:24am
Look at how this beast has worked out the target technically. Awesome !

Best
D.P.
Attached Image (click to enlarge)
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Hunting High and Low
  • #440,712
  • Sep 17, 2016 3:43am Sep 17, 2016 3:43am
[quote=dean1star;9145191]
Quoting elbert3
{quote} Had no choice when they played that move into Asia. Floor zone came into play Logical after the news. New Low printed on Monday will then look to go long again .. Overshoot not expected on the level but its is their game afterall ..
Yes I did the same thing and now it could go to the bri x bottom same as gbj Have to look at the full picture thou gu has hit 78 % so we might open with a gap up to one of the s/r numbers any taking of resistance will be positive but it did play right off the 3090 posted yesterday to be carefull of the others I would say would be way to take but watch out for them E out
  • #440,713
  • Sep 17, 2016 3:45am Sep 17, 2016 3:45am
Quoting jecklom
{quote} GBPUSD, having broken the monthly pivot point, is obviously heading southward come next week with possibility of getting to 1.29000 and even lower to the 1.27950 resistant level before a possible reversal... {image}
Will that bull candle on the left support ? ?
  • #440,714
  • Sep 17, 2016 3:50am Sep 17, 2016 3:50am
Do you guys think it could fall below 1.2900? Frankly, I closed my short at 1.3010. That might have a premature decision.
  • #440,715
  • Sep 17, 2016 3:56am Sep 17, 2016 3:56am
An opinion

EUR/USD Forecast: it's all about the FED… again

http://www.fxstreet.com/analysis/eur...n-201609161443

Best
D.P.
Hunting High and Low
  • #440,716
  • Sep 17, 2016 4:10am Sep 17, 2016 4:10am
Quoting elbert3
{quote} Will that bull candle on the left support ? ?
It might. However, chances are that it will test the support level of 1.27950 (2016.07.06) before reversal...
Study and risk taking are the engine & fuel that will propel you to success
  • #440,717
  • Sep 17, 2016 4:19am Sep 17, 2016 4:19am
Quoting mlawson71
Do you guys think it could fall below 1.2900? Frankly, I closed my short at 1.3010. That might have a premature decision.
It might go below 1.29000. However, since you have closed your trades, wait for further downward triggers before embarking on a short again...
Study and risk taking are the engine & fuel that will propel you to success
  • #440,718
  • Sep 17, 2016 4:19am Sep 17, 2016 4:19am
Quoting mlawson71
Do you guys think it could fall below 1.2900? Frankly, I closed my short at 1.3010. That might have a premature decision.
Indirectly yes it is logical - what is stopping a new low being created. New Post Brexit low even in the distance ?
How we get there well that will surely have some ups and downs along the way ..
  • #440,719
  • Sep 17, 2016 4:48am Sep 17, 2016 4:48am
Quoting jecklom
{quote} GBPUSD, having broken the monthly pivot point, is obviously heading southward come next week with possibility of getting to 1.29000 and even lower to the 1.27950 support level before a possible reversal... {image}

Hi Jecklom great explain about TDI, but I'm confuse when using Daily TF with TDI, they are too many direction, Are you using TDI in daily TF for OP?
  • #440,720
  • Sep 17, 2016 5:08am Sep 17, 2016 5:08am
Looking @ 1.29500 , will look for bullish PA

Attached Image (click to enlarge)
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