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Cable Update (GBPUSD)

  • #448,741
  • Feb 1, 2017 3:05pm Feb 1, 2017 3:05pm
Quoting Mr Breakout
{quote} Bones was talking about the daily chart, Tantra.
It makes me worry about his point of view the market. that is all !
I have no views on the currency pair, nobody had expected 10 years ago Brexit, crap,
what I see now it is now.!
  • #448,742
  • Feb 1, 2017 3:08pm Feb 1, 2017 3:08pm
Quoting Mr Breakout
Descending channel on the GBP/AUD (5 min). This is usually a bullish chart pattern after an uptrend, even though a breakout to the downside is also possible. {image}
Here is how that same superb descending channel on the GBP/AUD looks like on the 1-min chart now.

We see a potential breakout to the upside (red circle) but it is still too early to tell...
Attached Image (click to enlarge)
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  • #448,743
  • Feb 1, 2017 3:09pm Feb 1, 2017 3:09pm
dont think double top there ,at the mo I see potential double bottom

Quoting elbert3
{quote} Might have this number 2680 ish 2592 was about the time it broke out of your line so I think it might confirm high as I posted ??? But for now we play a dt type of move 2637 is about a tl number as far as I can see so I will watch the numbers above to see how it plays out B out lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,744
  • Feb 1, 2017 3:12pm Feb 1, 2017 3:12pm
maybe the markets speculating on Carney since he just said the other week he got it wrong

The Bank of England is now “very likely” to improve its economic forecast next month, Mr Carney said as he said he was “surprised” that the economic slowdown that he forecast has not materialised.

Quoting tantra
{quote} It makes me worry about his point of view the market. that is all ! I have no views on the currency pair, nobody had expected 10 years ago Brexit, crap, what I see now it is now.!
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,745
  • Feb 1, 2017 3:15pm Feb 1, 2017 3:15pm
If we look at GBP in broader terms all the bad news seems to be out of the way for now.

I only see upside for GBP and therefore it should excel on the crosses.

US dollar im overall bullish so long GBP/USD for me isnt the best choice.

I believe the EURO will come under pressure this year both on a political note as well as economic.

Shorting EUR/GBP seems to me the obvious play and the benefit is that the cost of carrying this position is a positive factor on the swap points.
  • #448,746
  • Feb 1, 2017 3:18pm Feb 1, 2017 3:18pm
Quoting tantra
nobody had expected 10 years ago Brexit, crap
Tantra, you don't have to expect ANYTHING to make money in the Forex, just follow the market, period.

If it wants to go that way, go that way too. If it wants to go the other way, go the other way too.

That's it, that all there is to it.
  • #448,747
  • Feb 1, 2017 3:25pm Feb 1, 2017 3:25pm
Yep, looks like the breakout has started on the GBP/AUD (see chart below).
Pending limit buy order at 1.6695, 25 pip stop.
Attached Image (click to enlarge)
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  • #448,748
  • Feb 1, 2017 3:36pm Feb 1, 2017 3:36pm
Quoting Bones
dont think double top there ,at the mo I see potential double bottom {quote}
Yes db for sure but will it want to test to again at 2170 not the bottom but 1st main support . Only thing that puts doubt is what we speak about ? Breakout confirm to the height of your tl ?? Just expect the in expected with cable . Gbj 142.200 also lets see . Good night B
  • #448,749
  • Feb 1, 2017 3:38pm Feb 1, 2017 3:38pm
Quoting Mr Breakout
Yep, looks like the breakout has started on the GBP/AUD (see chart below). Pending limit buy order at 1.6695, 25 pip stop. {image}
I am in.

Now behave yourself Australian dollar or I will personally take the first plane to Sydney and start punching kangaroos

Inserted Video
  • #448,750
  • Feb 1, 2017 3:45pm Feb 1, 2017 3:45pm
Where you will buy, where to sell, photo 3 whole picture, ha ha
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  • #448,751
  • Feb 1, 2017 3:53pm Feb 1, 2017 3:53pm
new spot I'll be looking to long, but not till tomorrow....

night...and good luck
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 66 KB
Look Sharp/Trade Tight
  • #448,752
  • Feb 1, 2017 4:05pm Feb 1, 2017 4:05pm
Quoting PayTheLimit
new spot I'll be looking to long, but not till tomorrow.... night...and good luck {image}
PayTheLimit
I respect experience in the Forum (27.599 Posts) but
newbies like me or others like you want to gain from you, not as you watch on TV or chart
  • #448,753
  • Edited 4:29pm Feb 1, 2017 4:15pm | Edited 4:29pm
high level of confidence I could say it's trending
you won't see under 12 400 this week
also could be GMT open is an important number
this tl can be seen h1
line v res
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,754
  • Feb 1, 2017 4:18pm Feb 1, 2017 4:18pm
useless here,
selfish - then for others, the best way to help others
  • #448,755
  • Feb 1, 2017 4:25pm Feb 1, 2017 4:25pm
Pending buy stop order on the GBP/AUD at 1.6708, just in case.
So far the breakout seem to be on the downside.
  • #448,756
  • Feb 1, 2017 4:30pm Feb 1, 2017 4:30pm
Just helped you out about the fish ive let you know in advance there not there
Quoting tantra
useless here, selfish - then for others, the best way to help others
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,757
  • Feb 1, 2017 4:32pm Feb 1, 2017 4:32pm
Yeah, breakout to the downside, 25 pip loss.

Whatever, put it on my tab.
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  • #448,758
  • Feb 1, 2017 4:34pm Feb 1, 2017 4:34pm
ive only noticed 3 spined stickle backs
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,759
  • Feb 1, 2017 4:42pm Feb 1, 2017 4:42pm
Quoting Bones
Just helped you out about the fish ive let you know in advance there not there {quote}
Let me guess what caught my is it (hahha yayay), I'm a big fish for me
  • #448,760
  • Feb 1, 2017 4:48pm Feb 1, 2017 4:48pm
your drunk that's one of the golden rules for not trading or posting

Quoting tantra
{quote} Let me guess what caught my is it (hahha yayay), I'm a big fish for me
On-site guru & also FF member's' psychiatrist, when not drinking tea
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