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Cable Update (GBPUSD)

  • #448,021
  • Jan 26, 2017 6:59am Jan 26, 2017 6:59am
Quoting PayTheLimit
{quote} still some pretty sharp levels bro...
Thank you my man, still working on what the best way is to trade these levels. I've got it pat down on E/A and G/J now been working with G/U for couple months. I'll keep posting levels when I can.
  • #448,022
  • Jan 26, 2017 7:01am Jan 26, 2017 7:01am
Quoting PayTheLimit
{quote} would you long there?
No I wouldn't but I'll watch that area carefully and see what PA does
  • #448,023
  • Jan 26, 2017 7:01am Jan 26, 2017 7:01am
Quoting Don96
Sold GU 1.26697 SL 10 pips
going well
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  • #448,024
  • Jan 26, 2017 7:14am Jan 26, 2017 7:14am
Quoting Don96
{quote} going well {image}
may be in for a shock to bulls if this is the correct TL....
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  • #448,025
  • Jan 26, 2017 7:16am Jan 26, 2017 7:16am
GBPUSD still have UP trend though, it might change its direction.... cautious

Daily Technical Analysis - Investopedia

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It is the dust where you came from & it is the dust where you shall return
  • #448,026
  • Jan 26, 2017 7:18am Jan 26, 2017 7:18am
Turncoat resistance might change the direction as we said before... wait & see

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It is the dust where you came from & it is the dust where you shall return
  • #448,027
  • Jan 26, 2017 7:25am Jan 26, 2017 7:25am
Hopefully, this uptrend is not over yet.....not until it hits 1.2695-1.2725. This needs a strong close about the trendline to bounce off...

Otherwise, we're going down to 1.22s....
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Lost....
  • #448,028
  • Jan 26, 2017 7:33am Jan 26, 2017 7:33am
lols just so happens that bad US data holds the trend line
The only true wisdom is in knowing you know nothing.
  • #448,029
  • Jan 26, 2017 7:40am Jan 26, 2017 7:40am
Looks like the Pound was overbought and it is now trying to correct itself versus the Dollar, dropping below the 1.2600 level and probably heading towards the 1.2500 zone.
  • #448,030
  • Jan 26, 2017 7:47am Jan 26, 2017 7:47am
1.2558 is buy
One Day U Will Miss me!
  • #448,031
  • Jan 26, 2017 7:48am Jan 26, 2017 7:48am
its very close to right

Quoting Don96
{quote} may be in for a shock to bulls if this is the correct TL.... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,032
  • Jan 26, 2017 7:48am Jan 26, 2017 7:48am
Quoting aliqazi
1.2558 is buy
2.1143 is sell
  • #448,033
  • Jan 26, 2017 7:50am Jan 26, 2017 7:50am
I was told you cant rely on mt4 for exact ,flash tech is best

Quoting Bones
its very close to right {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,034
  • Jan 26, 2017 7:57am Jan 26, 2017 7:57am
Quoting Bones
I was told you cant rely on mt4 for exact ,flash tech is best {quote}
h4

a close on or below 1.2580 would be more bearish imo
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  • #448,035
  • Jan 26, 2017 7:59am Jan 26, 2017 7:59am
Well that all worked out could have added a sneaky long at the upper level of the lower box but ehh.. made the pips today fun to watch
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  • #448,036
  • Jan 26, 2017 8:00am Jan 26, 2017 8:00am
Quoting Mr Breakout
Placing a stop buy order on the GBP/JPY at 143.80, 30 pip stop, just in case.
Out at 143.81, +1 pip.
Total -15 pips (-16 + 1).
  • #448,037
  • Jan 26, 2017 8:04am Jan 26, 2017 8:04am
Require a strong break below 1.2550, else it is still bullish, although we can see that it is slowly running out of steam.

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The only true wisdom is in knowing you know nothing.
  • #448,038
  • Jan 26, 2017 8:05am Jan 26, 2017 8:05am
Short GBP/JPY at 143.80, 30 pip stop.
  • #448,039
  • Jan 26, 2017 8:06am Jan 26, 2017 8:06am
so bears aren't worried about that

Quoting aarontan
lols just so happens that bad US data holds the trend line
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,040
  • Jan 26, 2017 8:07am Jan 26, 2017 8:07am
UJ is under its respective tl
Quoting Mr Breakout
Short GBP/JPY at 143.80, 30 pip stop.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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