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Cable Update (GBPUSD)

  • #447,581
  • Jan 23, 2017 12:11am Jan 23, 2017 12:11am
Morning could be seeing retrace 2374 ??
  • #447,582
  • Jan 23, 2017 1:23am Jan 23, 2017 1:23am
Quoting elbert3
Morning could be seeing retrace 2374 ??
No. This pair has been awfully unpredictable lately.
  • #447,583
  • Jan 23, 2017 1:32am Jan 23, 2017 1:32am
It's time for bull power with a pullback.
Risk comes from not knowing what you're doing.
  • #447,584
  • Jan 23, 2017 1:34am Jan 23, 2017 1:34am
Quoting mades
{quote} No. This pair has been awfully unpredictable lately.
Rubbish read 446 792
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  • #447,585
  • Jan 23, 2017 2:12am Jan 23, 2017 2:12am
ok that's on page 11170 help my fellow reader out


Quoting Nala66
Have a great seasonal break guys... Plenty more trades in the new year. Here on my 30 min chart we see how flat the market is currently trading. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,586
  • Jan 23, 2017 2:23am Jan 23, 2017 2:23am
Quoting Bones
ok that's on page 11170 help my fellow reader out {quote} {image} {image}
OK boss I will leave it to you and stop posting, no skin off my nose.
  • #447,587
  • Jan 23, 2017 2:35am Jan 23, 2017 2:35am
up to you my friend I just dont get it
how do you know these numbers you had to go there is what im thinking
make a note of the number
type the number
then
reader flick through all the pages to find
when there's 1 button

you can quote me alright?


Quoting Nala66
{quote} OK boss I will leave it to you and stop posting, no skin off my nose.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,588
  • Jan 23, 2017 2:49am Jan 23, 2017 2:49am
seems to me you dont explain yourself anyway tell us why in more detail would be more useful

Quoting Nala66
{quote} Rubbish read 446 792 {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,589
  • Edited 3:18am Jan 23, 2017 2:56am | Edited 3:18am
I could remove all my notes my wild lines
add a few cryptic notes and boxes,chuck in a few ticks like its done it
not say anything then im mystic
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,590
  • Edited 3:25am Jan 23, 2017 3:04am | Edited 3:25am
having said that be careful of the lower tf line first time round
until it breaks
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,591
  • Jan 23, 2017 3:19am Jan 23, 2017 3:19am
Hi all,

I am new to this thread. I am looking for a breakout on GBPUSD above the downward trend line on the 4 hourly to target the 23.6% daily fib retracement as a first target at around 1.2700 (also a previous support and resistance level long term).

https://gyazo.com/43de2d4d89525fc86bda2328dbce436f.png
https://gyazo.com/43de2d4d89525fc86bda2328dbce436f

If I dont get momentum behind the break, I will wait for a confirmation daily close higher than the 50ma and trendline for continuations tomorrow.
https://gyazo.com/8e1bdf9f759c6fdbb4db3fa504f41536.png
https://gyazo.com/8e1bdf9f759c6fdbb4db3fa504f41536

What are your thoughts?
  • #447,592
  • Jan 23, 2017 4:11am Jan 23, 2017 4:11am
Hi 4x you came just in time because we just lost a key poster by being a little bit childish when all he was asked was use the quote button with added humour
Im worried because ive only seen about a 1000 posters come and go in my time
so we need the numbers I like your view my advise would be dont try change the open after a very bullish looking weekly till it breaks
so buy between here and the open

Ive applied the 'goes here' theory on my chart,seems to work


Quoting 4xchick
Hi all, I am new to this thread. I am looking for a breakout on GBPUSD above the downward trend line on the 4 hourly to target the 23.6% daily fib retracement as a first target at around 1.2700 (also a previous support and resistance level long term). https://gyazo.com/43de2d4d89525fc86bda2328dbce436f.png https://gyazo.com/43de2d4d89525fc86bda2328dbce436f If I dont get momentum behind the break, I will wait for a confirmation daily close higher than the 50ma and trendline for continuations tomorrow. https://gyazo.com/8e1bdf9f759c6fdbb4db3fa504f41536.png...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,593
  • Jan 23, 2017 4:22am Jan 23, 2017 4:22am
Sorry to hear you lost a poster. Some people just dont have a sense of humor.

I guess with posters / bloggers, everyone trades from different strategies, with different ideas, rules ect... thats why I took a couple years out from writing posts. I think it is just nice to see peoples views and see if they match yours. Many cool things can be picked up in forums. The markets are pretty dull today so might just wait our for more momentum to get in!
  • #447,594
  • Jan 23, 2017 4:55am Jan 23, 2017 4:55am
Seems like price is reaching a key level. Will see how it reacts at 1.25.

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who dares wins
  • #447,595
  • Jan 23, 2017 4:56am Jan 23, 2017 4:56am
GBPUSD getting stronger in UP trend until now...

Daily Technical Analysis - Investopedia

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It is the dust where you came from & it is the dust where you shall return
  • #447,596
  • Jan 23, 2017 5:11am Jan 23, 2017 5:11am
Price moves up to the point of 1.24861. And I think that the price will move down to the point of 1.24041.
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  • #447,597
  • Jan 23, 2017 5:35am Jan 23, 2017 5:35am
Quoting Bones
having said that be careful of the lower tf line first time round until it breaks {image} {image} {image}
tony if you could analyze gbp/cad. looks set for a 1000 pip rally. no signs of weakness
  • #447,598
  • Jan 23, 2017 6:05am Jan 23, 2017 6:05am
you could use the same principle with regard to the weekly open
gbp overbought but ive seen if strong enough just keep ticking against that
cable hasnt taken low tf tl ,but its bottoming for a rally imo

Quoting giveachance
{quote} tony if you could analyze gbp/cad. looks set for a 1000 pip rally. no signs of weakness
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,599
  • Edited 6:40am Jan 23, 2017 6:30am | Edited 6:40am
gbp story on the index V majors is channel is gone and tested there's a tl higher
index tends to be ahead of the game
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,600
  • Jan 23, 2017 6:36am Jan 23, 2017 6:36am
Quoting Bones
you could use the same principle with regard to the weekly open gbp overbought but ive seen if strong enough just keep ticking against that cable hasnt taken low tf tl ,but its bottoming for a rally imo {quote} {image}

although the weekly candle is not having a big spike it does not mean cable cannot rally more. I was checking the correlation and it is highly correlated to gbp/usd than usd/cad which doesn't look realistic to me. This pair should rally if usdcad rallies and not gbpusd. gbpusd should take less of the ownership.

I am long looking for 1.70
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