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Cable Update (GBPUSD)

  • #447,681
  • Jan 23, 2017 9:49pm Jan 23, 2017 9:49pm
probable d top & further correction with first target as signal for 1 st limit for next bear leg continues .take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #447,682
  • Jan 23, 2017 10:07pm Jan 23, 2017 10:07pm
Quoting fontu
probable d top & further correction with first target as signal for 1 st limit for next bear leg continues .take care , fontu {image}
Careful now, Bones is going to tell you that your upper trendline is not a correct trendline, watch...
  • #447,683
  • Jan 23, 2017 10:13pm Jan 23, 2017 10:13pm
So what is the target for a short-term short?
  • #447,684
  • Jan 23, 2017 10:14pm Jan 23, 2017 10:14pm
By the way Fontu, here is the right way to trade a double bottom:
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  • #447,685
  • Jan 23, 2017 10:23pm Jan 23, 2017 10:23pm
Oops sorry, you were talking about a possible double top.
  • #447,686
  • Jan 23, 2017 10:30pm Jan 23, 2017 10:30pm
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  • #447,687
  • Jan 23, 2017 10:41pm Jan 23, 2017 10:41pm
Morning last night just before going to bed swap trade as 4 hour had 2 tops for now at 45 any long attention should see 2585 if it breaks that top ? But it might short now target could be the line drawn on the doji and the next wick you see to the right : looks like a bigger doji type candle ; that line will be the attraction line . Gl today all E out
  • #447,688
  • Jan 23, 2017 10:45pm Jan 23, 2017 10:45pm
Quoting fontu
probable d top & further correction with first target as signal for 1 st limit for next bear leg continues .take care , fontu {image}
Hi T o have the same opinion price will range around them number unless a news item will move it out of 2545 could see the next few days 2378 break is the one to watch first I would think . Regards E
  • #447,689
  • Jan 23, 2017 10:56pm Jan 23, 2017 10:56pm
Quoting elbert3
Morning last night just before going to bed swap trade as 4 hour had 2 tops for now at 45 any long attention should see 2585 if it breaks that top ? But it might short now target could be the line drawn on the doji and the next wick you see to the right : looks like a bigger doji type candle ; that line will be the attraction line . Gl today all E out
Still looking for that 1.2585, eh ?

On the 5 min we have what looks like a serious breakout...
Attached Image (click to enlarge)
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  • #447,690
  • Jan 23, 2017 10:59pm Jan 23, 2017 10:59pm
Playing it as it comes . Watch here 2385 some small support on the left 1 hour chart
  • #447,691
  • Jan 23, 2017 10:59pm Jan 23, 2017 10:59pm
Quoting Mr Breakout
Oops sorry, you were talking about a possible double top.
No it a small d bottom , i wrote wrong as d top , if it breaks target one then ok this small d bottom worked & signal goes in favour of more corrections up . no worry about tl , any places they can be drawn if feels any sr . fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #447,692
  • Jan 23, 2017 11:08pm Jan 23, 2017 11:08pm
Quoting Mr Breakout
{quote} Just to be on the safe side I will wait for 1.2500 to go short
+25 pips.

Could it be the beginning of that mega down move we have been waiting for ...?
  • #447,693
  • Jan 23, 2017 11:08pm Jan 23, 2017 11:08pm
Quoting elbert3
Playing it as it comes . Watch here 2385 some small support on the left 1 hour chart
Clear ok 2460 now
  • #447,694
  • Jan 23, 2017 11:19pm Jan 23, 2017 11:19pm
The UK Supreme Court Ruling is going to burn our miserable little stops in nano seconds, I can feel it.
  • #447,695
  • Jan 23, 2017 11:23pm Jan 23, 2017 11:23pm
Quoting Mr Breakout
The UK Supreme Court Ruling is going to burn our miserable little stops in nano seconds, I can feel it.
Bulls taking a deep breath before court's ruling!!!!
  • #447,696
  • Jan 23, 2017 11:28pm Jan 23, 2017 11:28pm
Mmmm some buys at 70 3450 would be target so play it as you see it on 5 mins
  • #447,697
  • Jan 23, 2017 11:33pm Jan 23, 2017 11:33pm
Quoting elbert3
Mmmm some buys at 70 3450 would be target so play it as you see it on 5 mins
I closed the short position at 1.2475 (+25 pips), I see a pullback to 1.2513 first.
3450, you mean 2450?
  • #447,698
  • Jan 23, 2017 11:34pm Jan 23, 2017 11:34pm
A recap for yesterday pit session.
Ubi maior minor cessat
  • #447,699
  • Jan 23, 2017 11:40pm Jan 23, 2017 11:40pm
Quoting Mr Breakout
{quote} I closed the short position at 1.2475 (+25 pips), I see a pullback to 1.2513 first. 3450, you mean 2450?
Lol yes trying to get ready and type and watch chart re enter shorts for me
  • #447,700
  • Jan 23, 2017 11:55pm Jan 23, 2017 11:55pm
Quoting elbert3
{quote} Lol yes trying to get ready and type and watch chart re enter shorts for me
Yes that's what I figured.

I am going to watch an episode of "One Step Beyond" to relax, tired of staring at the charts.

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