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Cable Update (GBPUSD)

  • #444,021
  • Oct 18, 2016 5:01am Oct 18, 2016 5:01am
just an update:

Quoting Lock
11:03 E high at half back tagging 2255.
Taken out...

Quoting Lock
11:31 E inside period of D: possible break form here. Gap still in place. Weak E period high at 2255. No acceptation for now above 2255. Very elongated selling tale for D period. F period high at open price 22365.
Huge breakout from E period balance...

Quoting Lock
10:39 +1GMT During news GB tested above Thursday pit high (daily bracket high) and went back to open price and eventually below the poor low at 22337 that is now corrected.: note anyhow the presence of a lot of single pips for D period. It is a big selling tale, but maybe too big. Let's see. Also the gap higher is till in place for now.
as you see...

Quoting Lock
10:54 22784 is the base of the GB spike down from GB session 10.11: take this info forward because GB went up just 2 pips below it.
Tested eventually: 2 pips above it: selling tale totally removed and corrected.
Ubi maior minor cessat
  • #444,022
  • Oct 18, 2016 5:01am Oct 18, 2016 5:01am
BGP taking few PIPs up, what is the cause of this spike ?
  • #444,023
  • Oct 18, 2016 5:06am Oct 18, 2016 5:06am
Anyone else swing trading?
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 66 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #444,024
  • Oct 18, 2016 5:06am Oct 18, 2016 5:06am
Quoting iran_trader
go long gbp... target sl +- 100 pips. good luck...
close +60 pips.
joine me mql5.........
  • #444,025
  • Oct 18, 2016 5:07am Oct 18, 2016 5:07am
Quoting a.pipper
BGP taking few PIPs up, what is the cause of this spike ?
See my post above
Everything will be okay in the end. If it's not okay, it's not the end.
  • #444,026
  • Oct 18, 2016 5:08am Oct 18, 2016 5:08am
Full hedge on swing position until we make fresh high or until PA says go long again
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 74 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #444,027
  • Oct 18, 2016 5:10am Oct 18, 2016 5:10am
Quoting theras2000
{quote} See my post above
do you have any source?? it's so intresting
  • #444,028
  • Oct 18, 2016 5:10am Oct 18, 2016 5:10am
Quoting Rag2RichesFX
Full hedge on swing position until we make fresh high or until PA says go long again {image}
not bad. but i think we go higher. i am looking to go long again
  • #444,029
  • Oct 18, 2016 5:14am Oct 18, 2016 5:14am
Quoting Rag2RichesFX
Full hedge on swing position until we make fresh high or until PA says go long again {image}

Wow...lots...
  • #444,030
  • Oct 18, 2016 5:14am Oct 18, 2016 5:14am
Quoting Rag2RichesFX
Anyone else swing trading? {image}
how can you see this PA sir??
  • #444,031
  • Oct 18, 2016 5:19am Oct 18, 2016 5:19am
Quoting antoe
{quote} do you have any source?? it's so intresting
I subscribe to a squawk service. They were onto it in seconds (for once)
Everything will be okay in the end. If it's not okay, it's not the end.
  • #444,032
  • Oct 18, 2016 5:36am Oct 18, 2016 5:36am
Check the hourly chart cable has reversed the trend we are headed up.

First resistance around 1.2400
Follow The Markets Structure - Patience and Discipline
  • #444,033
  • Oct 18, 2016 6:17am Oct 18, 2016 6:17am
long 2268
  • #444,034
  • Oct 18, 2016 6:25am Oct 18, 2016 6:25am
I agree, it looks like there will finally be some retracement. I'm still too wary of opening longs on this pair though.
  • #444,035
  • Oct 18, 2016 6:30am Oct 18, 2016 6:30am
Quoting a.pipper
BGP taking few PIPs up, what is the cause of this spike ?
To give bears a good position to hinge their claws and chew pips off this pound of cash
  • #444,036
  • Oct 18, 2016 6:34am Oct 18, 2016 6:34am
Quoting Rag2RichesFX
Full hedge on swing position until we make fresh high or until PA says go long again {image}
Whoooa!! That must be some million dollar account.
  • #444,037
  • Oct 18, 2016 7:01am Oct 18, 2016 7:01am
2257 add long
  • #444,038
  • Oct 18, 2016 7:13am Oct 18, 2016 7:13am
2272 closed all
  • #444,039
  • Oct 18, 2016 7:44am Oct 18, 2016 7:44am
Quoting thewindow
{quote}. Just looking at chart, last 5 days are symmetrical triangle and inside bars, breakout here would result in a fast move, either way. Presuming a false break first, but if not then happy days. Asia could try something before UK session. UK session will be volatile IMHO. {image}
Happy days. Asia provided lift off, New York open should be interesting and may provide further volume and mid term shorts begin to capitulate.
Waiting to see if this resistance turns into a strong support. Still holding Longs and keeping it simple.
Nice to see some of those longer term posters coming back with their views and analysis

Chart posted last night showing potential break out senario
Attached Image (click to enlarge)
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Potential breakout, but remains to be seen if this is a full reversal yet.
Attached Image (click to enlarge)
Click to Enlarge Name: keeping it simple 1.png Size: 35 KB


Just keeping it simple.
Attached Image (click to enlarge)
Click to Enlarge Name: keep it simple 2.png Size: 46 KB
Ever stop to think, and forget to start again?
  • #444,040
  • Oct 18, 2016 8:39am Oct 18, 2016 8:39am
Quoting thewindow
{quote} Happy days. Asia provided lift off, New York open should be interesting and may provide further volume and mid term shorts begin to capitulate. Waiting to see if this resistance turns into a strong support. Still holding Longs and keeping it simple. Nice to see some of those longer term posters coming back with their views and analysis Chart posted last night showing potential break out senario {image} Potential breakout, but remains to be seen if this is a full reversal yet. {image} Just keeping it simple. {image}
This are the posts that I love to see, some technical information. It does not mean that you need to follow it or not , but it is great to see how people analyse the markets.

Great post
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