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Cable Update (GBPUSD)

  • #447,081
  • Jan 6, 2017 12:27pm Jan 6, 2017 12:27pm
Quoting elbert3
{quote} Lol you don't have to I did soon as it went red as I said it might come back to the entry area so now on the 5 min draw line from bottom to the next low wick up as a tl no chart so I cannot show you . Price needs to stay inside that line ?? Mad yes
It's out so 270
  • #447,082
  • Jan 6, 2017 12:29pm Jan 6, 2017 12:29pm
Quoting elbert3
{quote} Lol you don't have to I did soon as it went red as I said it might come back to the entry area so now on the 5 min draw line from bottom to the next low wick up as a tl no chart so I cannot show you . Price needs to stay inside that line ?? Mad yes
you're spot on - it broke the TL and the previous low too
  • #447,083
  • Jan 6, 2017 12:36pm Jan 6, 2017 12:36pm
Quoting MXT
{quote} you're spot on - it broke the TL and the previous low too
Yes it came or the line at 93 so hot it short see if it hits 70 but 77 was a watch number for be yesterday might it do the same ???
  • #447,084
  • Jan 6, 2017 12:39pm Jan 6, 2017 12:39pm
Quoting elbert3
{quote} Yes it came or the line at 93 so hot it short see if it hits 70 but 77 was a watch number for be yesterday might it do the same ???
probably - i won't go long anymore , its way too weak

instead might be looking for shorts
  • #447,085
  • Jan 6, 2017 12:47pm Jan 6, 2017 12:47pm
Quoting MXT
{quote} probably - i won't go long anymore , its way too weak instead might be looking for shorts
Gl any long target for me 2360
  • #447,086
  • Jan 6, 2017 12:49pm Jan 6, 2017 12:49pm
$DX
Daily Index view

The dollar looks like it's rocking.... if it clears the 10243... should make a new high.
I wouldn't long cable for a bit.... remember my weekly back a bit.... It's got room on the downside, trend holding.

Attached Image


Trade safe
  • #447,087
  • Jan 6, 2017 12:55pm Jan 6, 2017 12:55pm
Quoting elbert3
{quote} It's out so 270
Bingo 2 trades 43 pips will it long now
  • #447,088
  • Jan 6, 2017 12:56pm Jan 6, 2017 12:56pm
Cable Weekly

If it sticks to the script... something like this. IF

Attached Image
  • #447,089
  • Jan 6, 2017 1:00pm Jan 6, 2017 1:00pm
Quoting elbert3
{quote} Bingo 2 trades 43 pips will it long now
Auto could of squeezed more long at 65 no stop target 2360
  • #447,090
  • Jan 6, 2017 1:04pm Jan 6, 2017 1:04pm
Quoting JimmyC
Cable Weekly If it sticks to the script... something like this. IF GBPUSD (-).png;2129265 {image}
  • #447,091
  • Jan 6, 2017 1:17pm Jan 6, 2017 1:17pm
Mmm shorting again 2240
  • #447,092
  • Jan 6, 2017 1:27pm Jan 6, 2017 1:27pm
Quoting elbert3
Mmm shorting again 2240
could be a good target , we could see a very weak weekly close indeed
  • #447,093
  • Edited 5:02pm Jan 6, 2017 1:35pm | Edited 5:02pm
oops that was bearish
under the support I could see the low

maybe made a mistake Usd as long as it stays above pivot could move up

couldn't see why turn there but I was looking the tl or white horizontal
ive come up with a possible how you would have drawn wider channel after second high
also been on my chart all the time day after flash candle,subsequently caused major pivot zone
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,094
  • Jan 6, 2017 1:59pm Jan 6, 2017 1:59pm
3 day makes me think tl ,depending on close today
before any break down

Quoting Bones
yea ok lets hope for a good one for us all , you realise I was joking ? lol if it did bounce down off that tl again we could get this thing going maybe ,if the weekly fails off bat maybe theres no wait {quote} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,095
  • Jan 6, 2017 3:54pm Jan 6, 2017 3:54pm
Quoting _BBKing_
This 2350-2370 b/o looks a lot weaker than previous one in November. Usually this area sent price straight to 1.25 where btw, there is an interesting previous support to be confirmed as resistance. Unless a strong continuation down in USD... I would be carefull and worried about any long position running in case price will be again below the 2360. I still hold my long position, despite I still believe price has to meet the 1.21 area. Let's see what market will decide for today. Long hours left before weekly candle closing time! {image}...
Nice insight BB.

Got some good daily rejection happening.

Might head into 1.19 territory
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Come with me if you want to live....
  • #447,096
  • Jan 6, 2017 4:41pm Jan 6, 2017 4:41pm
Really need a kick up the arsenal ? We had a dt on the day a 4 hour doji . Nobody including me posted that so it show check all your time charts . So what for next week 2200 has to hold but I would say 2250 could show support 1 we get a gap Dow to that number if so good chance to long with a tight stop . 2 it opens and carries on 2300 is looking like resistance . So guys please check all times and post what you see . Remember we are not on competition with each other . We are here to help each other with our opinions and we have some very good traders here so good luck . Regards E
  • #447,097
  • Jan 6, 2017 10:47pm Jan 6, 2017 10:47pm
For the long term I am no longer considering the 1.22 level because the daily bounced off the 1.2415 so now the equilibrium swing sends it down to the 1.2056 level.
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  • #447,098
  • Jan 7, 2017 6:31am Jan 7, 2017 6:31am
GBPUSD has strong down trend before market closed on every chart almost... which means possible short trades for next week

Daily Technical Analysis - Investopedia

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It is the dust where you came from & it is the dust where you shall return
  • #447,099
  • Edited 7:56am Jan 7, 2017 7:43am | Edited 7:56am
id be cautious to say that support will give up off bat
this cable daily must confirm or gap under to think it medium term tf says it will hold initially
that's say 3 or 4 day candles
possibly even that 2 week I posted which can have 2 meanings
under the support id be very bearish
in a nutshell bears must wait for tl without further data
I could see in that little space above support below Brexit candle for gbp /lfx monthly
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,100
  • Jan 7, 2017 7:55am Jan 7, 2017 7:55am
the chart is full of no warning d1 twist and turns making reading difficult
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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