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Cable Update (GBPUSD)

  • #445,821
  • Nov 28, 2016 5:21am Nov 28, 2016 5:21am
Quoting _BBKing_
{quote} 2390-2400 new support? {image}

2425 must be cleared and confirmed support for more up
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  • #445,822
  • Nov 28, 2016 5:33am Nov 28, 2016 5:33am
Quoting _BBKing_
{quote} 2425 must be cleared and confirmed support for more up
scaled out half near 2420.
I would be stupid if I didn't
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 21 KB
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  • #445,823
  • Nov 28, 2016 5:42am Nov 28, 2016 5:42am
Quoting _BBKing_
{quote} scaled out half near 2420. I would be stupid if I didn't {image}

4 hours chart still uptrend for me.unless it break 1.230
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  • #445,824
  • Nov 28, 2016 5:43am Nov 28, 2016 5:43am
BTW...

interesting setup formed here. just like textbooks' ones. (advanced textbooks )

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_15 Mins_snapshot.png Size: 48 KB
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  • #445,825
  • Nov 28, 2016 5:57am Nov 28, 2016 5:57am
Quoting kitmouse
{quote} 4 hours chart still uptrend for me.unless it break 1.230
yes there could be interesting demand near 1.23

I'm quite interested to buy there if goes

Something is telling me was better to short this morning near 1.25... oh well.
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  • #445,826
  • Nov 28, 2016 6:05am Nov 28, 2016 6:05am
Quoting _BBKing_
{quote} scaled out half near 2420. I would be stupid if I didn't {image}
reloaded the half @2408
SL is somewhere near a beware area. (almost a BE stop considering I scaled and reloaded etc..)

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 20 KB
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  • #445,827
  • Nov 28, 2016 6:20am Nov 28, 2016 6:20am
if this structure holds, we might see day open.

will not hold any long if goes broken. will eventually look to reload lower.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 17 KB
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  • #445,828
  • Nov 28, 2016 6:53am Nov 28, 2016 6:53am
Added some @2409.
Already scaled half out for 12pips @2422

Almost BE on all.

will be looking how this develops in next few hours.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 16 KB
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  • #445,829
  • Edited 7:29am Nov 28, 2016 7:01am | Edited 7:29am
i was wrong today but lucky enough to closed my longs with small gain,
atm. no open position but would looking for longs again since PA managed to hold within uptrend,
and it might stay within these 2 red-lines for a while i think..

GU - daily
Attached Image (click to enlarge)
Click to Enlarge Name: `3.png Size: 17 KB


by now this view should not valid anymore..
Quoting andexQ
my view atm. is on daily GU forming large bullish flag and this large size (around 400 pips) is needed to gather momentum to push 1.3 or higher , and there will be times when bulls are ready we might see extra large white candle on daily, anyway drop below 1.24 from current level should invalidate this view.. maybe something like this, GU - daily {image} added: btw i just realized that if everyone enter longs there it's not gonna happen, lol please don't...
  • #445,830
  • Nov 28, 2016 7:54am Nov 28, 2016 7:54am
If US session closes below 1,24, tomorrow will be time to look at 1,22 , even lower. Brexit plummet + Fed expectations are moving the market lower and lower. I see not too far 1,1870/80, as the red line.
  • #445,831
  • Nov 28, 2016 8:04am Nov 28, 2016 8:04am
Quoting _BBKing_
Added some @2409. Already scaled half out for 12pips @2422 Almost BE on all. will be looking how this develops in next few hours. {image}
Stopped @Be
Reloaded double size @2394 (1h L.O.)

Scaled out half @2420 right now.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 15 KB
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  • #445,832
  • Nov 28, 2016 8:09am Nov 28, 2016 8:09am
any body there expecting 1.267??
  • #445,833
  • Nov 28, 2016 8:14am Nov 28, 2016 8:14am
I just ....
I don't know...
It's like a feeling....

This thing gonna close daily > 1.26.

EDIT: LOL !! I meant... 1.25!

I've seen these patterns thousands times in the past...
Could be wrong, of course! That's why I care about cutting and moving stops @BE asap.

Let's see.
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  • #445,834
  • Nov 28, 2016 8:18am Nov 28, 2016 8:18am
Switched to short term long bias before reopening shorts. Aiming for 1.25500 and then will short from that point.
  • #445,835
  • Nov 28, 2016 8:20am Nov 28, 2016 8:20am
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 368 KB
  • #445,836
  • Nov 28, 2016 8:23am Nov 28, 2016 8:23am
Quoting _BBKing_
I just .... I don't know... It's like a feeling.... This thing gonna close daily > 1.26. EDIT: LOL !! I meant... 1.25! I've seen these patterns thousands times in the past... Could be wrong, of course! That's why I care about cutting and moving stops @BE asap. Let's see.
i guess u mean shake-out..
  • #445,837
  • Nov 28, 2016 8:29am Nov 28, 2016 8:29am
Quoting andexQ
{quote} i guess u mean shake-out..
yes something like that
still problems with 2430-2440
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  • #445,838
  • Edited 10:12am Nov 28, 2016 9:48am | Edited 10:12am
side seen ,with weekly fail to break ,I'm watching this or maybe next
its the flash space above that is a bull problem ,still trading within that 1 day
ideally if your bullish the monthly open wont b touched ,new month new buyers maybe then
like before you can see pull back shaven open on monthly march 16 where previous had upper wick this lower
side is a resting market before the move as before ,tho its difficult to be confident at this point

I put the weekly realistic range between the month open and last month high until nfp
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2 gbp 17 Jul 2016 04-28-53.png Size: 28 KB
Click to Enlarge Name: USD (DFB).png Size: 16 KB
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  • #445,839
  • Edited 11:37am Nov 28, 2016 10:18am | Edited 11:37am
if i look to something just closed 4 week looks like ,
a 400p wick produced a rough 800 pip counter move each time ,before it broke
I really think its very high prob to the break down before break low in this 4 week
Attached Image (click to enlarge)
Click to Enlarge Name: 1 4 week USD (DFB).png Size: 21 KB
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  • #445,840
  • Nov 28, 2016 10:59am Nov 28, 2016 10:59am
Quoting _BBKing_
I just .... I don't know... It's like a feeling.... This thing gonna close daily > 1.26. EDIT: LOL !! I meant... 1.25! I've seen these patterns thousands times in the past... Could be wrong, of course! That's why I care about cutting and moving stops @BE asap. Let's see.
H1 chart shows consolidating ,to move upward??
Attached Image (click to enlarge)
Click to Enlarge Name: Nov 28.PNG Size: 52 KB
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