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Cable Update (GBPUSD)

  • #448,781
  • Feb 2, 2017 12:15am Feb 2, 2017 12:15am
I must warn you, I'm in one of those moods today...too little sleep, slightly hungover, and pretty gassy...
Look Sharp/Trade Tight
  • #448,782
  • Feb 2, 2017 12:22am Feb 2, 2017 12:22am
Quoting PayTheLimit
I must warn you, I'm in one of those moods today...too little sleep, slightly hungover, and pretty gassy...
Lol, tht is a great frame of mind to be in with all the gbp news due , saves wasting a day to get there when the dust settles
  • #448,783
  • Feb 2, 2017 12:32am Feb 2, 2017 12:32am
ok. I'm gonna work with these three today....just not sure which one is the true premium support..yet...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 65 KB
Look Sharp/Trade Tight
  • #448,784
  • Feb 2, 2017 1:09am Feb 2, 2017 1:09am
These are the levels I have on the upside - R - is a strong resistance we shouldn't be able to break it with ease so I'm short with a tight SL above R if we break R then we see T,S.

On the downside if we break G I will wait for a retest of G before entering short towards Z.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 57 KB
  • #448,785
  • Feb 2, 2017 1:10am Feb 2, 2017 1:10am
today looks like a carnage ready to unfold...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 24 KB
Attached Image
Trading Eternal...... Shiny & Chrome!!!!
  • #448,786
  • Feb 2, 2017 1:10am Feb 2, 2017 1:10am
Quoting PayTheLimit
ok. I'm gonna work with these three today....just not sure which one is the true premium support..yet... {image}
Our levels are always about 10-15pips apart I've noticed haha
  • #448,787
  • Feb 2, 2017 1:15am Feb 2, 2017 1:15am
Quoting Noors
{quote} Our levels are always about 10-15pips apart I've noticed haha
yes..got a few questions for you....

1) how strong and old is S

2) if you could only trade one level for all the marbles, as we sit now, which one would it be?
Look Sharp/Trade Tight
  • #448,788
  • Feb 2, 2017 1:27am Feb 2, 2017 1:27am
Quoting PayTheLimit
{quote} yes..got a few questions for you.... 1) how strong and old is S 2) if you could only trade one level for all the marbles, as we sit now, which one would it be?
S is strong and its from december

It would be G and R - close below/above + retest is what I'll be looking for.
  • #448,789
  • Feb 2, 2017 1:29am Feb 2, 2017 1:29am
Quoting Noors
{quote} S is strong and its from december It would be G and R - close below/above + retest is what I'll be looking for.
gotcha...my 2744 is also from December...

sending you a PM now...
Look Sharp/Trade Tight
  • #448,790
  • Feb 2, 2017 1:29am Feb 2, 2017 1:29am
17/02/02 THURSDAY 08:23+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #448,791
  • Feb 2, 2017 2:47am Feb 2, 2017 2:47am
the higher we go, the more I like level B, especially with that ham and egger level A just ahead of it.....

apologies if your using level A......
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 64 KB
Look Sharp/Trade Tight
  • #448,792
  • Feb 2, 2017 2:53am Feb 2, 2017 2:53am
Could it reach 2730? (Dec 6th D1 bar close)
  • #448,793
  • Feb 2, 2017 2:56am Feb 2, 2017 2:56am
First target of 1.27 hit, going to peel off 1/4 of my position. Still think this goes much higher, the dollar's days are numbered.
"Where you want to be is always in control, never wishing, always trading.
  • #448,794
  • Feb 2, 2017 3:03am Feb 2, 2017 3:03am
Ok... we broke R...

Now we see T...

I didn't take the long trade now waiting for a retest of R first...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 55 KB
  • #448,795
  • Feb 2, 2017 3:03am Feb 2, 2017 3:03am
Quoting PayTheLimit
the higher we go, the more I like level B, especially with that ham and egger level A just ahead of it..... apologies if your using level A...... {image}
You planning to buy at B?
  • #448,796
  • Feb 2, 2017 3:08am Feb 2, 2017 3:08am
Wow... went to put my phone on charge and I miss out on the entry by 7 pips...

See how PA touched the R and ran up... could of had my daily dose of 10 pips just there... ah well I might be out of this trade before news...
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 51 KB
  • #448,797
  • Feb 2, 2017 3:08am Feb 2, 2017 3:08am
Quoting Noors
Ok... we broke R... Now we see T... I didn't take the long trade now waiting for a retest of R first... {image}
How did you determine these lines?
  • #448,798
  • Feb 2, 2017 3:09am Feb 2, 2017 3:09am
Quoting Noors
{quote} You planning to buy at B?
yes, if we get down there..I will throw all I got at em...
Look Sharp/Trade Tight
  • #448,799
  • Feb 2, 2017 3:12am Feb 2, 2017 3:12am
Quoting Noors
Wow... went to put my phone on charge and I miss out on the entry by 7 pips... See how PA touched the R and ran up... could of had my daily dose of 10 pips just there... ah well I might be out of this trade before news... {image}
don't neglect the downside bro....keep them all warm down to 2500 I'd say...the levels I mean...it could get hairy later..
Look Sharp/Trade Tight
  • #448,800
  • Feb 2, 2017 3:13am Feb 2, 2017 3:13am
Quoting intellivesto
{quote} How did you determine these lines?
I call them hidden S/R levels?

Maybe not so hidden... either way im out of that trade at +3 pips.. not going to get greedy since I missed out on my entry.
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