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Cable Update (GBPUSD)

  • #447,841
  • Jan 25, 2017 9:01am Jan 25, 2017 9:01am
http://www.forexfactory.com/attachme...1&d=1485328985

Look at how the blue zone played out... break.. wait for retest and buy
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  • #447,842
  • Jan 25, 2017 9:09am Jan 25, 2017 9:09am
Quoting Giusto
Can someone explain the +30 pips in 5 minutes at 7.15 am GMT (2530 to 2561) ?
there was a strong resistance in form of trend line at 2540-2550 area, once that broken there must have been some stop loss in place of those who were short and fresh buyers entry point so that is very logical move
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #447,843
  • Jan 25, 2017 9:16am Jan 25, 2017 9:16am
Lots of facts and opinions do we have enough to go higher ??? Or are we on an extention ?? Or a fib retrace ?
  • #447,844
  • Jan 25, 2017 9:31am Jan 25, 2017 9:31am
Got it thanks.
  • #447,845
  • Jan 25, 2017 9:48am Jan 25, 2017 9:48am
it was a cross between pivot and tl the daily has a trendline the markets working too ,also it has a bullish weekly last week ,and now this week offf the lows
so probability is this week can not be the reversal
you wont see a reversal daily this week if we do ill eat my hat

maybe Friday I wouldn't eat my hat lol

http://www.forexfactory.com/showthre...55#post9470955
Quoting Giusto
Can someone explain the +30 pips in 5 minutes at 7.15 am GMT (2530 to 2561) ?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,846
  • Jan 25, 2017 9:57am Jan 25, 2017 9:57am
GBP/USD 4hr
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  • #447,847
  • Jan 25, 2017 9:59am Jan 25, 2017 9:59am
I can look at a 5 min chart make all kind of assumptions on that
but I dont normally have one open


Quoting Bones
ok its a 5 min chart no idea where the tl is the main thing I know its bullish over 12500 {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,848
  • Jan 25, 2017 10:05am Jan 25, 2017 10:05am
Quoting elbert3
Lots of facts and opinions do we have enough to go higher ??? Or are we on an extention ?? Or a fib retrace ?
Just over 61%ext
On my 4 hour
  • #447,849
  • Jan 25, 2017 10:19am Jan 25, 2017 10:19am
1.2632 - 1.2658 is the place where I'll be looking to short
target: 1.2201
  • #447,850
  • Jan 25, 2017 10:22am Jan 25, 2017 10:22am
Quoting jaxx80
1.2632 - 1.2658 is the place where I'll be looking to short target: 1.2201
Hi

WATCH OUT: I SAW THIS THING RIGHT NOW:
17:50
GBP
BOE Gov Carney Speaks
Animum debes mutare non caelum
  • #447,851
  • Jan 25, 2017 10:32am Jan 25, 2017 10:32am
Quoting jaxx80
1.2632 - 1.2658 is the place where I'll be looking to short target: 1.2201
If if it drops 2377 worse 2217
  • #447,852
  • Jan 25, 2017 10:35am Jan 25, 2017 10:35am
you guys looking at the same chart ...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,853
  • Jan 25, 2017 10:37am Jan 25, 2017 10:37am
hold on a min ive got the answer
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,854
  • Jan 25, 2017 10:37am Jan 25, 2017 10:37am
there you go
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,855
  • Jan 25, 2017 10:39am Jan 25, 2017 10:39am
2811 is month res
  • #447,856
  • Jan 25, 2017 10:40am Jan 25, 2017 10:40am
Quoting Bones
there you go {image}

  • #447,857
  • Jan 25, 2017 10:41am Jan 25, 2017 10:41am
most people look at this way but
apparently there's no right way to do things its ok to do 10,000 hours screen time and have your own way against the 100s of years of known information
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,858
  • Jan 25, 2017 10:47am Jan 25, 2017 10:47am

Quoting AlexC
{quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,859
  • Jan 25, 2017 10:49am Jan 25, 2017 10:49am
its in a uptrend by my tl ,good enough for me
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,860
  • Jan 25, 2017 11:03am Jan 25, 2017 11:03am
Although cable is on a rally upwards atm, the major market outlook is bearish and the market structure is not yet broken. You can expect cable to turn southwards very soon, perhaps after another 80 pips northwards.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
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