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Cable Update (GBPUSD)

  • #446,301
  • Dec 5, 2016 6:59pm Dec 5, 2016 6:59pm
little bit short for this week,


Attached Image (click to enlarge)
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  • #446,302
  • Dec 5, 2016 7:03pm Dec 5, 2016 7:03pm
I btw keep on the bullish side.
Closed this morning the little short 1.2610 for a 80pips loss.

Will try to let this run, stop is tight. If stoped, will look for new setups to come.

Good luck to me.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.png Size: 12 KB
90% of traders use TA, indicators and prediction
  • #446,303
  • Dec 5, 2016 7:11pm Dec 5, 2016 7:11pm
Quoting _BBKing_
I btw keep on the bullish side. Closed this morning the little short 1.2610 for a 80pips loss. Will try to let this run, stop is tight. If stoped, will look for new setups to come. Good luck to me. {image}
I expect 1,2550 soon
  • #446,304
  • Dec 5, 2016 7:32pm Dec 5, 2016 7:32pm
Daily fib extension
I never look @ 76.4%, usually it's a matter of 61.8% and 100%. Strongest moves reach 161%.

I read it as follow:
If I get a daily close back below the 61% @1.2660 (where 24hours ago market pushed straight 80 pips up) I will maybe looking for a bearish setup to happen.

Attached Image
90% of traders use TA, indicators and prediction
  • #446,305
  • Dec 5, 2016 7:36pm Dec 5, 2016 7:36pm
Quoting pipsandbits
{quote} I expect 1,2550 soon
Possible.
But atm supply is definetly not in control for what I see.

It's just a matter of probabilities of course! I'm for continuation upto good resistance areas 1.2790 and 1.2880. Just 100 to 150 pips higher.
90% of traders use TA, indicators and prediction
  • #446,306
  • Dec 5, 2016 7:54pm Dec 5, 2016 7:54pm
I read daily chart this way.
I'm not saying I'm right....
Just sharing what I see and think!

Position original size 1lot. Scaled 30% near 1.2733 so my SL now is basically a BE. (i'm not gonna move it from where it is right now. at best, will move it @entry).
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.png Size: 109 KB
90% of traders use TA, indicators and prediction
  • #446,307
  • Dec 5, 2016 8:41pm Dec 5, 2016 8:41pm
Scaled few more @1.2743
Would be stupid if I didn't: SL now in profits.

Time to sleep.
90% of traders use TA, indicators and prediction
  • #446,308
  • Dec 5, 2016 8:45pm Dec 5, 2016 8:45pm
I'm not at my charts at the moment. Does anyone have a Cable daily chart with price approaching that swing low resistance.

Previous support soon to turn possible resistance?
  • #446,309
  • Dec 5, 2016 9:00pm Dec 5, 2016 9:00pm
Quoting Badem
I'm not at my charts at the moment. Does anyone have a Cable daily chart with price approaching that swing low resistance. Previous support soon to turn possible resistance?
horizontal levels:
1.2797
1.2865
1.2914

diagonal touch goes near 1.30

hope it helps
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Click to Enlarge Name: Chart_GBP_USD_Daily_snapshot.png Size: 35 KB
90% of traders use TA, indicators and prediction
  • #446,310
  • Dec 5, 2016 10:33pm Dec 5, 2016 10:33pm
Quoting bithedz
little bit short for this week, {image}
U use KGBS or BBMA Kang Gun?

I see u're custom indicator
KG range
LWMA
BS BAND
Sell EA Low Risk
  • #446,311
  • Dec 5, 2016 10:42pm Dec 5, 2016 10:42pm
Cable is up daily and hourly. What is the cause? I thought US Economy is on a recover
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  • #446,312
  • Dec 5, 2016 11:09pm Dec 5, 2016 11:09pm
Quoting SammyLinh
Cable is up daily and hourly. What is the cause? I thought US Economy is on a recover {image}
So are you expecting the GBP to drop to zero? Trade what you see not what you think.
  • #446,313
  • Dec 6, 2016 12:10am Dec 6, 2016 12:10am
Inserted Video
  • #446,314
  • Dec 6, 2016 12:32am Dec 6, 2016 12:32am
Quoting keizira
{quote} U use KGBS or BBMA Kang Gun? I see u're custom indicator KG range LWMA BS BAND

Using KGBS custom and KG range LWMA BS Band
  • #446,315
  • Dec 6, 2016 12:35am Dec 6, 2016 12:35am
so still to try up tests 1.2794 & actually 1.2914 limit this week (or even this month in extreme cases ) for down before test & breaks 1.2250 /70 at least or bottom to more bottom before another test at up 1.2914 or 1.3835 if possible so soon in first few months next year.Lets see , how far before take next action . anyway bull to take all precautions at this top/ extensions & bear should not so confident that it will break too soon untill test failure & retests & signals for the bo.fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 50 KB
Click to Enlarge Name: GBPUSDH4.png Size: 38 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #446,316
  • Dec 6, 2016 12:45am Dec 6, 2016 12:45am
The 5 min had a couple of goes at 2750 and now it just broke that so let's see if it drops here just wait for a bit nice small sl test though 8 pips see if it will short tp on any longs and buy any big dips for me now
  • #446,317
  • Dec 6, 2016 12:56am Dec 6, 2016 12:56am
meet at 2700 . GL all
  • #446,318
  • Dec 6, 2016 1:15am Dec 6, 2016 1:15am
potential wedge on resistance
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  • #446,319
  • Edited 11:38pm Dec 6, 2016 1:28am | Edited 11:38pm
for smaller movements can consider like this , bullish pattern at a top , test retest to breakdown next it . fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 55 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #446,320
  • Dec 6, 2016 1:39am Dec 6, 2016 1:39am
16/12/06 TUESDAY 08:30+1GMT (edited untill 08:43)
EARLY MORNING REPORT
Ubi maior minor cessat
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