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Cable Update (GBPUSD)

  • #446,401
  • Dec 8, 2016 4:14am Dec 8, 2016 4:14am
Quoting dean1star
{quote} Yeh seems to to be the norm these days .. At least with the daily chart its only one candle .. lol
it bounced from where it had already taken a bounce on start of this week , so a strong move up was always expected from there( 1.2569)
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #446,402
  • Dec 8, 2016 4:15am Dec 8, 2016 4:15am
I've got to find a new news source besides DailyFx - I keep seeing all these 30-40 pip hops up or down in different pairs, and can't find any handy reason for them.
At the moment, just thanking God that they're net in my favor.
Writer, currency trader, madman
  • #446,403
  • Dec 8, 2016 4:46am Dec 8, 2016 4:46am
Could please anyone post an GBPx chart h1 timeframe?
90% of traders use TA, indicators and prediction
  • #446,404
  • Dec 8, 2016 4:56am Dec 8, 2016 4:56am
One market analyst whose analysis I read, and who has been calling things with pretty good accuracy over the past couple of weeks, targets 1.2735 in Gbp/Usd...and doesn't see any significant downside potential unless the market goes back below 1.2600, which would target 1.2565 - 1.2515 (that's an odd number, that last one).

Any event, just thought I'd pass that along since the guy's been nailing it pretty well recently.
Writer, currency trader, madman
  • #446,405
  • Dec 8, 2016 5:08am Dec 8, 2016 5:08am
same direction

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  • #446,406
  • Dec 8, 2016 5:20am Dec 8, 2016 5:20am
Quoting Tpak
{quote} it bounced from where it had already taken a bounce on start of this week , so a strong move up was always expected from there( 1.2569)
Ah but Tpak that does not fit in with my plan of working only one minute per day only - to check the open of the daily candle for a signal - however your right on the money of course .. mid week bounce ..
  • #446,407
  • Dec 8, 2016 5:30am Dec 8, 2016 5:30am
... nice
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+
  • #446,408
  • Dec 8, 2016 5:43am Dec 8, 2016 5:43am
Quoting dean1star
{quote} Ah but Tpak that does not fit in with my plan of working only one minute per day only - to check the open of the daily candle for a signal - however your right on the money of course .. mid week bounce ..
i am still learning, work on trend lines and sma's and facing problem of not holding my wining trades, once i learn that art then may be able to earn
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #446,409
  • Dec 8, 2016 6:13am Dec 8, 2016 6:13am
Price currently moves upward to a point 1.27729. If the bull is not strong enough then the price will go to the point of 1.26361. However, I suppose that the price reaching point 1.27729 and will move down to the point of 1.27191.
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  • #446,410
  • Dec 8, 2016 6:21am Dec 8, 2016 6:21am
Price currently moves upward to a point 1.27729. If the bull is not strong enough then the price will go to the point of 1.26361. However, I suppose that the price reaching point 1.27729 and will move down to the point of 1.27191.
  • #446,411
  • Dec 8, 2016 7:22am Dec 8, 2016 7:22am
h1
Quoting _BBKing_
Could please anyone post an GBPx chart h1 timeframe?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,412
  • Dec 8, 2016 7:44am Dec 8, 2016 7:44am
Quoting Bones
h1 {quote} {image}
thanks
but...
I meant a GBP index chart. Do you use the gbp lfx ones?
90% of traders use TA, indicators and prediction
  • #446,413
  • Dec 8, 2016 7:49am Dec 8, 2016 7:49am
Hello Guys i hope every thing will be fine with you guys,
i am done with my experiment it didnt work out lost 700$ and it does kind of feel good to know that from now on NO MORE NEW STRATEGIES
and i just added 20K will hopefully make good money "that's the hope we all have "
anyways lets see how Pound goes this week i will be looking to short already have my sell limit.
and will be shorting gbpjpy too..
will be with low leverage of course..
1.2690 is my sell limit and it already down 90 pips doesnt look good from here..
  • #446,414
  • Dec 8, 2016 8:56am Dec 8, 2016 8:56am
ATM: Possible

Big Buba Flush Part 2

on the way ??
How to opt out annoying user signatures ??
  • #446,415
  • Dec 8, 2016 9:18am Dec 8, 2016 9:18am
Staying short on the Daily.
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  • #446,416
  • Dec 8, 2016 9:29am Dec 8, 2016 9:29am
Quoting dean1star
Staying short on the Daily. {image}
Yes sir. I think a sustained break below 1.2567 on 4hour chart could be the resumption of the fall again to 1.2387 and then 1.2301.
  • #446,417
  • Dec 8, 2016 9:44am Dec 8, 2016 9:44am
Quoting mathtrader
{quote} Yes sir. I think a sustained break below 1.2567 on 4hour chart could be the resumption of the fall again to 1.2387 and then 1.2301.
Like it,
specially 1.23 that is my target as well, but i don't think it will come soon it might take 2 weeks but i am willing to wait for it on Low leverage trade,
and others i will close on 30 min chart not going for 4H or Daily charts..
  • #446,418
  • Dec 8, 2016 1:21pm Dec 8, 2016 1:21pm
Quoting mathtrader
{quote} Yes sir. I think a sustained break below 1.2567 on 4hour chart could be the resumption of the fall again to 1.2387 and then 1.2301.
You might just be right there ..
Keeping a watchfull eye on the 124 - 125 zone - might see a change in direction perhaps.
  • #446,419
  • Dec 8, 2016 2:58pm Dec 8, 2016 2:58pm
Quoting dean1star
Staying short on the Daily. {image}
 
Hi all
One idea - don't go into shorts.
It may be 1.25 or 24.... But before you can say "yikes" it can jump to 1.30.
Look north next weeks. Not a forecast, just voice of experience
 
Guys, i don't trade pound. Never will...... Maybe on demo.... But no.
Still i would buy.
Beware of robber banks (RB), bad advisors.
  • #446,420
  • Dec 8, 2016 3:27pm Dec 8, 2016 3:27pm
Quoting Not-KPMG
{quote} ÂÂ Hi all One idea - don't go into shorts. It may be 1.25 or 24.... But before you can say "yikes" it can jump to 1.30. Look north next weeks. Not a forecast, just voice of experience ÂÂ Guys, i don't trade pound. Never will...... Maybe on demo.... But no. Still i would buy.

Never why? And how come you're on this forum?
GBP pairs have high volatility and trading ranges... if that's your appetite, especially GBPAUD which has one of the highest ADRs. Otherwise EURAUD gave ample opportunities both longs and shorts recently. I'm hesitant on the cable at this point until it figures out what animal it wants to be. Could pullback to the 1.253 zone but most likely trickle slowly back towards 1.266 - 269
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