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Cable Update (GBPUSD)

  • #446,421
  • Dec 8, 2016 6:51pm Dec 8, 2016 6:51pm
potential for 2301 swing low to be taken out and grab some stop snacks for the 1.3xx road trip?

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Come with me if you want to live....
  • #446,422
  • Dec 8, 2016 7:08pm Dec 8, 2016 7:08pm
big view

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for next week

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actual for today
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  • #446,423
  • Dec 8, 2016 7:09pm Dec 8, 2016 7:09pm
Quoting Rescue.Forex
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..
The market will do whatever it does, of course, but the GBP is as cheap as it's been (several pairs) since 2007-ish. Maybe look for buying opportunities? Today's move lower is tied heavily to the EUR, which is largely irrational, as not much has changed for the EUR, despite ECB pushing lower and longer (marginally) on QE.. The market always over-reacts and (short-term) correction is likely. We're long at with a wide SL and lower lot size to minimize risk.
  • #446,424
  • Edited Dec 9, 2016 7:10am Dec 8, 2016 8:30pm | Edited Dec 9, 2016 7:10am
The pair is trading below its resistance at 1.2605, which should limit the upside attempts.As long as 1.2605 is not surpassed, the pair is likely to drop to 1.2545 and then to 1.2510 & to 1.2452, only a clear break above 1.2605 would call for a new rise to 1.2655 and 1.2700 as targets.
  • #446,425
  • Dec 8, 2016 10:02pm Dec 8, 2016 10:02pm
Quoting bithedz
big view {image} for next week {image} actual for today {image}
i like it, but how about if goes all the way to 1.3143
i will start selling from 1,29
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  • #446,426
  • Dec 8, 2016 10:04pm Dec 8, 2016 10:04pm
Quoting bithedz
big view {image} for next week {image} actual for today {image}
by the way great trades so far, keep it up
  • #446,427
  • Dec 8, 2016 10:19pm Dec 8, 2016 10:19pm
Quoting lioslim
{quote} i like it, but how about if goes all the way to 1.3143 i will start selling from 1,29 {image}
Nah, for so long can reached?

I can't analyst more than one week, it's too hard to view
  • #446,428
  • Dec 8, 2016 10:27pm Dec 8, 2016 10:27pm
Pair bounced from a RbS area at 1.2550 - 70 forming a an inverted hammer. It is expected to rally towards 1.2775 the last high and then 1.2800 the SbR swing at daily chart.
  • #446,429
  • Dec 9, 2016 12:19am Dec 9, 2016 12:19am
Inserted Video
  • #446,430
  • Dec 9, 2016 1:03am Dec 9, 2016 1:03am
Attached Image (click to enlarge)
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Not really a buy setup atm. Reconquering the 2620 would be the case.
But then, some resistances can be found around there
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More likely I expect a move towards 100% extension, near 1.25
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Not in any swing trade atm btw, just analyzing and scalping.
90% of traders use TA, indicators and prediction
  • #446,431
  • Dec 9, 2016 1:18am Dec 9, 2016 1:18am
16/12/09 FRIDAY 08:16+1GMT (edited untill 08:18)
EARLY MORNING REPORT
Ubi maior minor cessat
  • #446,432
  • Dec 9, 2016 1:20am Dec 9, 2016 1:20am
Mmm I can't see anything of value at this point in time.
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  • #446,433
  • Dec 9, 2016 1:36am Dec 9, 2016 1:36am
2451 is 61.8% 4 hour ext and also main support area so let's see if so it could be a very good buy to 3400
  • #446,434
  • Dec 9, 2016 1:43am Dec 9, 2016 1:43am
Trouble in Gotham City
Attached Image (click to enlarge)
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  • #446,435
  • Dec 9, 2016 3:00am Dec 9, 2016 3:00am
Looking at the options due for expiry- 1.25 and probably 1.26 will be defended, would expect price to keep above these levels
Failed re-test of yesterday's low, which is typically a bullish sign, then hit orders at 1.26, would expect to drive through this after a few attempts
Have moved SL up a bit got in 1.2565
TP have 1.2617 marked on my chart hoping for circa 50 pips
Green pips to you all
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  • #446,436
  • Edited 4:04am Dec 9, 2016 3:19am | Edited 4:04am
maybe you could look what happened on the run up to flash day to see how possible it was then and not now ,I mean not right now
It would need further development to even think it
it not like referendum day is on the cards

Quoting Toranaga
ATM: Possible Big Buba Flush Part 2 on the way ??
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,437
  • Dec 9, 2016 3:31am Dec 9, 2016 3:31am
there a whole raft of junk in the way right now
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,438
  • Dec 9, 2016 3:43am Dec 9, 2016 3:43am
I think price is trapped within those boundaries blue lines on h12 posted I'm a little miffed its avoiding them
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #446,439
  • Dec 9, 2016 3:51am Dec 9, 2016 3:51am
Looking to go Long ..
Closed short position at 126
Now long at 126
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  • #446,440
  • Dec 9, 2016 4:00am Dec 9, 2016 4:00am
Quoting Fader123
Looking at the options due for expiry- 1.25 and probably 1.26 will be defended, would expect price to keep above these levels Failed re-test of yesterday's low, which is typically a bullish sign, then hit orders at 1.26, would expect to drive through this after a few attempts Have moved SL up a bit got in 1.2565 TP have 1.2617 marked on my chart hoping for circa 50 pips Green pips to you all {image}
Got me 50 pips- good luck
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