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Cable Update (GBPUSD)

  • #447,881
  • Jan 25, 2017 11:50am Jan 25, 2017 11:50am
lets talk probability ,what is it this candle turns bearish this week
how does that leave the monthly?
Attached Image (click to enlarge)
Click to Enlarge Name: w1 USD (DFB).png Size: 30 KB
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  • #447,882
  • Jan 25, 2017 11:54am Jan 25, 2017 11:54am
Quoting Bones
lets talk probability ,what is it this candle turns bearish this week how does that leave the monthly? {image}
Hi Bones,

Sometimes I have a hard time understanding what you are saying. Could you please rephrase your question?
  • #447,883
  • Jan 25, 2017 12:06pm Jan 25, 2017 12:06pm
Hi Breakout im saying its near the end of the month and the weekly won't drop in all probability
so you can see what the monthly candle looks like now
give or take

Quoting Mr Breakout
{quote} Hi Bones, Sometimes I have a hard time understanding what you are saying. Could you please rephrase your question?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,884
  • Jan 25, 2017 12:07pm Jan 25, 2017 12:07pm
Are we reaching the top now 1,2620?
  • #447,885
  • Jan 25, 2017 12:12pm Jan 25, 2017 12:12pm
reds in a row on cable when hda was swinging it up


Quoting Bones
chart for $ is neg for weeks that's a swing no doubt {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,886
  • Jan 25, 2017 12:14pm Jan 25, 2017 12:14pm
Quoting Bones
Hi Breakout im saying its near the end of the month and the weekly won't drop in all probability so you can see what the monthly candle looks like now give or take {quote}
On the weekly and monthly charts we have a series of inside bars (candles).

This is usually a pattern with serious bullish implications.

However, a breakout below 1.2000 and the party is over for the bulls.
  • #447,887
  • Jan 25, 2017 12:19pm Jan 25, 2017 12:19pm
in your own language
Attached Image (click to enlarge)
Click to Enlarge Name: 5 min USD (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,888
  • Jan 25, 2017 12:20pm Jan 25, 2017 12:20pm
Quoting MarianneOslo
Are we reaching the top now 1,2620?

1,2630 now Up more than 6% in one week It should retrace
  • #447,889
  • Jan 25, 2017 12:24pm Jan 25, 2017 12:24pm
Quoting MarianneOslo
{quote} 1,2630 now Up more than 6% in one week It should retrace
When something is supposed to retrace/pullback, it usually goes even higher most of the time.
  • #447,890
  • Jan 25, 2017 12:26pm Jan 25, 2017 12:26pm
Quoting Mr Breakout
{quote} When something is supposed to retrace/pullback, it usually goes even higher most of the time.

It always turs but sometimes it takes a little longer
  • #447,891
  • Jan 25, 2017 12:34pm Jan 25, 2017 12:34pm
Very good rally on the GBPUSD, looks like a bullish change in direction, now it may try to reach the 1.2800 level.
  • #447,892
  • Jan 25, 2017 12:37pm Jan 25, 2017 12:37pm
Quoting Mr Breakout
{quote} When something is supposed to retrace/pullback, it usually goes even higher most of the time.
well said
  • #447,893
  • Jan 25, 2017 12:38pm Jan 25, 2017 12:38pm
Quoting trademark
Very good rally on the GBPUSD, looks like a bullish change in direction, now it may try to reach the 1.2800 level.
So buy it and make 175 pips...
  • #447,894
  • Jan 25, 2017 12:44pm Jan 25, 2017 12:44pm
Quoting Mr Breakout
{quote} When something is supposed to retrace/pullback, it usually goes even higher most of the time.

Lets see. I should have stopped. It was not very good or bullish News fra the hight Court.

1. The parliment must decide the Brexit but they will.
2. The can leave EU withouth acceptence from Scotland and North Irland. This means UK can fall apart which is very bearish for the GBP
  • #447,895
  • Jan 25, 2017 12:44pm Jan 25, 2017 12:44pm
Quoting MXT
{quote} well said
Thanks MXT.

So how is the market treating you these days?

I am currently watching the GBP/NZD (AUD Consumer Price Index in 1 hour), what is your opinion regarding this pair, from a day-trade point of view?
  • #447,896
  • Jan 25, 2017 12:53pm Jan 25, 2017 12:53pm
Hi break are you really 67 years young if so are you on viagra

Quoting Mr Breakout
{quote} Thanks MXT. So how is the market treating you these days? I am currently watching the GBP/NZD (AUD Consumer Price Index in 1 hour), what is your opinion regarding this pair, from a day-trade point of view?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,897
  • Jan 25, 2017 1:00pm Jan 25, 2017 1:00pm
Quoting Bones
are you on viagra
Viagra, what's that, a new Forex trading system?
  • #447,898
  • Jan 25, 2017 1:01pm Jan 25, 2017 1:01pm
Quoting Mr Breakout
{quote} Thanks MXT. So how is the market treating you these days? I am currently watching the GBP/NZD (AUD Consumer Price Index in 1 hour), what is your opinion regarding this pair, from a day-trade point of view?
can't complain , in the last days i'm more on the sidelines than usual because of this big indecision going on

so you're trading the beast , good choice - i used to trade eurnzd more often that now and it really makes huge moves , not as much as the bigger cousin gbpnzd

gbpnzd looks to have a bullish bias at the moment , which got started from the recent low @ 1.6830 also confirmed by the recent bullishness in gbpusd

what do you think ?
  • #447,899
  • Jan 25, 2017 1:02pm Jan 25, 2017 1:02pm
yea cables on it
Quoting Mr Breakout
{quote} Viagra, what's that, a new Forex trading system?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,900
  • Jan 25, 2017 1:10pm Jan 25, 2017 1:10pm
Quoting MXT
{quote} can't complain , in the last days i'm more on the sidelines than usual because of this big indecision going on so you're trading the beast , good choice - i used to trade eurnzd more often that now and it really makes huge moves , not as much as the bigger cousin gbpnzd gbpnzd looks to have a bullish bias at the moment , which got started from the recent low @ 1.6830 also confirmed by the recent bullishness in gbpusd what do you think ?
Yes GBP/NZD is bullish, and the AUD CPI report yesterday plus the recent uptrend in the cable only added more fuel to the move.

I am now looking for a good buy point.

This move could bring 200 pips or more, depending on the CPI numbers.

That said the CPI could reverse the entire intraday up move, you never know with that wild beast...
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