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Cable Update (GBPUSD)

  • #449,041
  • Feb 6, 2017 2:36pm Feb 6, 2017 2:36pm
Quoting Bones
see d1 close {image}
Not sure how you still manage to make trading decisions with all these trendlines and support/resistance lines, Bones.
Quite frankly I get dizzy just looking at them.

Anyway, the most important thing is to make money at the end, one way or the other.
  • #449,042
  • Feb 6, 2017 9:15pm Feb 6, 2017 9:15pm
As long as 1.2490 (Feb 6 top) is resistance, look for a test to 1.2425 (Feb 06 low). A break below this level would call for a further drop to 1.2400. Alternatively ,above 1.2490 would call for a further rebound to 1.2525 and even 1.2565 in extension. The recent trend seems Bearish.
  • #449,043
  • Feb 6, 2017 10:39pm Feb 6, 2017 10:39pm
I revised my levels a tad, going with 2366 now....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 56 KB
Look Sharp/Trade Tight
  • #449,044
  • Feb 6, 2017 10:50pm Feb 6, 2017 10:50pm
Bones...I need a trendline at 2366, around midday London damn it...
Look Sharp/Trade Tight
  • #449,045
  • Feb 6, 2017 11:16pm Feb 6, 2017 11:16pm
couple of levels for GJ today...I'll go on both
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 56 KB
Look Sharp/Trade Tight
  • #449,046
  • Feb 6, 2017 11:45pm Feb 6, 2017 11:45pm
so gold hit the target & more & apparently not to stop before next signal 1241.30 if not target 2 1337.16 !! & more before the correction next, so others may try for targets 1/ signal levels weekly/monthly tf before the correction may come ( may follow more or less direct ). so great USD weakness possible in near future ., take care , fontu
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #449,047
  • Feb 6, 2017 11:54pm Feb 6, 2017 11:54pm
Quoting PayTheLimit
I revised my levels a tad, going with 2366 now.... {image}
Doesent look like it was too interested in trading much below that nfp candle wick, been trading above the todays open mostly since it opened , I do have a few from near yesterdays low and a couple from just below todays open , looking for a pop to the top of that wick, weekly pivot sitting around there , , may exit at yesterdays high if and when it gets there , other wise will be watching the 1.24ish level for some longs , cheers man .
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 2.jpg Size: 236 KB
  • #449,048
  • Feb 7, 2017 12:00am Feb 7, 2017 12:00am
Quoting digger1
{quote} Doesent look like it was too interested in trading much below that nfp candle wick, been trading above the todays open mostly since it opened , I do have a few from near yesterdays low and a couple from just below todays open , looking for a pop to the top of that wick, weekly pivot sitting around there , , may exit at yesterdays high if and when it gets there , other wise will be watching the 1.24ish level for some longs , cheers man . GBP 2.jpg;2175616 {image}

its trading fairly crapish...whats you got going in that dumb GJ, still riding the pig?
Look Sharp/Trade Tight
  • #449,049
  • Feb 7, 2017 12:04am Feb 7, 2017 12:04am
Quoting fontu
so gold hit the target & more & apparently not to stop before next signal 1241.30 if not target 2 1337.16 !! & more before the correction next, so others may try for targets 1/ signal levels weekly/monthly tf before the correction may come ( may follow more or less direct ). so great USD weakness possible in near future ., take care , fontu {image}
Contrary to popular belief, the correlation between gold and the USD (or even the Euro) is weak, at best, check the study in the February issue of Modern Trader Magazine (page 64) and see for yourself.
  • #449,050
  • Feb 7, 2017 12:06am Feb 7, 2017 12:06am
Quoting PayTheLimit
{quote} its trading fairly crapish...whats you got going in that dumb GJ, still riding the pig?
Cashed most in at my 1st tgt ,, needed the capitol for some nice big fat euraud and eurnzd news shorts lol
  • #449,051
  • Feb 7, 2017 12:13am Feb 7, 2017 12:13am
Quoting digger1
{quote} Cashed most in at my 1st tgt ,, needed the capitol for some nice big fat euraud and eurnzd news shorts lol
I like your style..nice trade...

I have my eye on 141.10 for now...if they get back up there I might throw the kitchen sink, refrigerator, and stove at em...see how they like that...
Look Sharp/Trade Tight
  • #449,052
  • Feb 7, 2017 12:23am Feb 7, 2017 12:23am
Quoting PayTheLimit
{quote} I like your style..nice trade... I have my eye on 141.10 for now...if they get back up there I might throw the kitchen sink, refrigerator, and stove at em...see how they like that...
lol Last weeks low is 140.36,,,,,,,,, yesterdays high 140.77,,,,,,,,, a couple warning areas on the way to your level,,,,,,,,,,, if we do get a poke thru 139.17 level I may try a few on a retest of tht tho
  • #449,053
  • Feb 7, 2017 12:25am Feb 7, 2017 12:25am
Inserted Video
  • #449,054
  • Feb 7, 2017 12:28am Feb 7, 2017 12:28am
Quoting alekseybuk
https://www.youtube.com/watch?v=_Jcr_gq82fg
Good
  • #449,055
  • Feb 7, 2017 12:29am Feb 7, 2017 12:29am
Quoting Mr Breakout
{quote} Contrary to popular belief, the correlation between gold and the USD (or even the Euro) is weak, at best, check the study in the February issue of Modern Trader Magazine (page 64) and see for yourself.

what dat..the old Futures mag?
Look Sharp/Trade Tight
  • #449,056
  • Feb 7, 2017 12:37am Feb 7, 2017 12:37am
Quoting Mr Breakout
{quote} Contrary to popular belief, the correlation between gold and the USD (or even the Euro) is weak, at best, check the study in the February issue of Modern Trader Magazine (page 64) and see for yourself.
ok , no pair exactly reflects the comparative strength though & if may copy to other currencies or not yet at least a signal what may more or less follow through. say this time gold & silver give signals for comparative usd weakness, but as the correlation not 100% or maximum so others pairs like eurusd , gbpusd , audusd , oil may become weak against usd & so correct down, but ultimately may follow as they still precious in the market & if sustain .Thanks , lets see. fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #449,057
  • Feb 7, 2017 12:38am Feb 7, 2017 12:38am
Quoting PayTheLimit
{quote} what dat..the old Futures mag?
http://www.futuresmag.com/ModernTraderMag
  • #449,058
  • Feb 7, 2017 12:50am Feb 7, 2017 12:50am
Weak break on E still managed to play out and kiss F and D seems to be holding well as resistance for now...
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 25 KB
  • #449,059
  • Feb 7, 2017 1:17am Feb 7, 2017 1:17am
17/02/07 TUESDAY 08:08+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #449,060
  • Feb 7, 2017 1:26am Feb 7, 2017 1:26am
Quoting Noors
Weak break on E still managed to play out and kiss F and D seems to be holding well as resistance for now... {image}
btw man..I'm off 2386, looking at 66, even 42 now...
Look Sharp/Trade Tight
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