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Cable Update (GBPUSD)

  • #445,981
  • Dec 1, 2016 1:28am Dec 1, 2016 1:28am
16/12/01 THURSDAY 08:21+1GMT (edited untill 08:25)
EARLY MORNING REPORT
Ubi maior minor cessat
  • #445,982
  • Dec 1, 2016 2:34am Dec 1, 2016 2:34am

Sold near resistance.
Not sure about... let's see what is in this area

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_30 Mins_snapshot.png Size: 17 KB
90% of traders use TA, indicators and prediction
  • #445,983
  • Dec 1, 2016 2:59am Dec 1, 2016 2:59am
Quoting _BBKing_
Sold near resistance. Not sure about... let's see what is in this area {image}
cutted one of the 2 entries.

1 is enough
90% of traders use TA, indicators and prediction
  • #445,984
  • Dec 1, 2016 3:03am Dec 1, 2016 3:03am
Quoting _BBKing_
Sold near resistance. Not sure about... let's see what is in this area {image}
out.
90% of traders use TA, indicators and prediction
  • #445,985
  • Dec 1, 2016 3:08am Dec 1, 2016 3:08am
If anyone has 10 free seconds, please vote this poll:

www.forexfactory.com/showthread.php?t=619349
90% of traders use TA, indicators and prediction
  • #445,986
  • Dec 1, 2016 3:28am Dec 1, 2016 3:28am
beyond dreadful PA this morning.
  • #445,987
  • Dec 1, 2016 3:43am Dec 1, 2016 3:43am
1.25000 acting as support?
  • #445,988
  • Dec 1, 2016 3:52am Dec 1, 2016 3:52am
Quoting Derivative92
1.25000 acting as support?
possible. some reactions came on prev highs
20 pips right now

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_5 Mins_snapshot.png Size: 35 KB
90% of traders use TA, indicators and prediction
  • #445,989
  • Dec 1, 2016 4:03am Dec 1, 2016 4:03am
Quoting MaryJane
{quote} {image}
Gets my Vote MJ -
  • #445,990
  • Dec 1, 2016 4:03am Dec 1, 2016 4:03am
will give 1-2 hours breathe on higher entry long...
90% of traders use TA, indicators and prediction
  • #445,991
  • Dec 1, 2016 4:06am Dec 1, 2016 4:06am
Quoting _BBKing_
{quote} possible. some reactions came on prev highs 20 pips right now {image}
I think we'll see 1.26000 by Friday
  • #445,992
  • Dec 1, 2016 4:16am Dec 1, 2016 4:16am
Quoting Derivative92
{quote} I think we'll see 1.26000 by Friday
1.2550 right now... If keeps this path ... the 1.26 round is just a matter of few hours
90% of traders use TA, indicators and prediction
  • #445,993
  • Dec 1, 2016 4:37am Dec 1, 2016 4:37am
c'mooon
burn this f***g 1.2580 area!
90% of traders use TA, indicators and prediction
  • #445,994
  • Dec 1, 2016 4:39am Dec 1, 2016 4:39am
Quoting _BBKing_
c'mooon burn this f***g 1.2580 area!

Took profit, done for the day, didn't trust those last 15 pips. I think we'll see a retrace of that push and then further advance tomorrow before some selling.
  • #445,995
  • Dec 1, 2016 4:44am Dec 1, 2016 4:44am
Pals,is there any technical or economic reason for this overdrive of GU?
  • #445,996
  • Dec 1, 2016 4:47am Dec 1, 2016 4:47am
Patting myself on the back with one hand for buying at 1.2512 (daily pivot R1 line)...slapping myself in the face with the other hand for only buying half as many lots as I usually daytrade. I was just chicken, thinking, "Oh, come on, it can't be this easy". WRONG - sometimes it CAN be that easy.
Writer, currency trader, madman
  • #445,997
  • Dec 1, 2016 4:49am Dec 1, 2016 4:49am
I've missed the buy. Guys, where do you see a good support to buy again or a good resistance to sell? Thanks and all the best!
  • #445,998
  • Dec 1, 2016 4:51am Dec 1, 2016 4:51am
Quoting pipshaman
I've missed the buy. Guys, where do you see a good support to buy again or a good resistance to sell? Thanks and all the best!
I have pending longs just above the structure of the 1.25000 area having just closed longs out at 1.2585 as I think we will revisit here before a further advance if that's any help.
  • #445,999
  • Dec 1, 2016 4:52am Dec 1, 2016 4:52am
Quoting jbmaverick
Patting myself on the back with one hand for buying at 1.2512 (daily pivot R1 line)...slapping myself in the face with the other hand for only buying half as many lots as I usually daytrade. I was just chicken, thinking, "Oh, come on, it can't be this easy". WRONG - sometimes it CAN be that easy.
Exactly the same for me but I went for 2/3rds of my usual! Hindsight, eh!
  • #446,000
  • Dec 1, 2016 4:58am Dec 1, 2016 4:58am
I'm getting really excited - only about 2,000 more pips to go for Gbp/Aud to break the downtrend line on the weekly chart.
Writer, currency trader, madman
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