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Cable Update (GBPUSD)

  • #449,201
  • Feb 8, 2017 2:10pm Feb 8, 2017 2:10pm
Quoting FastPipn
Will shoot up to 1.2585 ?
With a bit of an overshoot it should get 1.26 easy enough
  • #449,202
  • Feb 8, 2017 3:41pm Feb 8, 2017 3:41pm
hi e let me know how you read d1

Quoting elbert3
Let's see what happens 2526 short ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,203
  • Feb 8, 2017 3:43pm Feb 8, 2017 3:43pm
weekly =false
monthly= true
daily= true
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,204
  • Feb 8, 2017 3:50pm Feb 8, 2017 3:50pm
w1

Quoting Bones
that lower gap is a major bear problem you cant possibly think through it at this point time will tell ill be right {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 20 USD (DFB).png Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,205
  • Feb 8, 2017 4:11pm Feb 8, 2017 4:11pm
Quoting Mr Breakout
{quote} Hi, You are using the 1h chart to find potential support/resistance lines. Why don't use the 15-min charts instead? Here is your 1h chart for the same time period (from January 30 2017) but this time on the 15-min time frame. As you can see, not only the support and resistance lines are easier to find, but now you can also see other important S&R lines that are totally "invisible" on the 1h charts. Just a suggestion. {image}
I'm not interested in the easy ones per se. The 15 gives too many options. The hourly is more than enough for me.
Look Sharp/Trade Tight
  • #449,206
  • Feb 8, 2017 4:14pm Feb 8, 2017 4:14pm
Quoting digger1
{quote} With a bit of an overshoot it should get 1.26 easy enough
Not so sure about that Digger1. Look at that huge stop-right-there-Mister candle, it usually means that the up intraday move is exhausted. The 2 shooting stars are also saying the same thing. I am talking short term of course.

Bank of Mexico rate decision tomorrow, anybody currently messing with the USD/MXN ?
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 145 KB
  • #449,207
  • Feb 8, 2017 4:32pm Feb 8, 2017 4:32pm
this candle confirms the last def if it breaks in next 1.5 hr
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,208
  • Feb 8, 2017 4:37pm Feb 8, 2017 4:37pm
Quoting PayTheLimit
. The 15 gives too many options.
It gives you more information too.

Quoting PayTheLimit
The hourly is more than enough for me.
I hear you, it was just a suggestion.

Personally when I get a trading signal on the 15 min, I switch to the 5 min just to see if the signal is valid. It helps a lot because I can see stuff that I cannot see on the 15 min.

Anyway.
  • #449,209
  • Feb 8, 2017 4:38pm Feb 8, 2017 4:38pm
not crazy about either level..I'll short up top on a quick push up...as for getting long, it would have to be after a decent push up, which might expose a different area to look at....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 62 KB
Look Sharp/Trade Tight
  • #449,210
  • Feb 8, 2017 4:45pm Feb 8, 2017 4:45pm
Quoting Bones
hi e let me know how you read d1 {quote}
Hi B sorry late . On 5 min it was a break down push and now it has just bounced there as may be support ???? But it's 5 min and you can get a lot of mixed up candles there
  • #449,211
  • Feb 8, 2017 4:46pm Feb 8, 2017 4:46pm
false ?
Quoting Bones
what you think ? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: NZD (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,212
  • Feb 8, 2017 4:48pm Feb 8, 2017 4:48pm
Quoting elbert3
{quote} Hi B sorry late . On 5 min it was a break down push and now it has just bounced there as may be support ???? But it's 5 min and you can get a lot of mixed up candles there
It was just the usual spread spike, after the New-York's close. Between 5PM and 6PM (EST) it's basically just random noise due to low liquidity.
  • #449,213
  • Feb 8, 2017 4:50pm Feb 8, 2017 4:50pm
Hi E when daily breaks your know what I mean maybe later

Quoting elbert3
{quote} Hi B sorry late . On 5 min it was a break down push and now it has just bounced there as may be support ???? But it's 5 min and you can get a lot of mixed up candles there
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,214
  • Feb 8, 2017 4:53pm Feb 8, 2017 4:53pm
Quoting Mr Breakout
{quote} It gives you more information too. {quote} I hear you, it was just a suggestion. Personally when I get a trading signal on the 15 min, I switch to the 5 min just to see if the signal is valid. It helps a lot because I can see stuff that I cannot see on the 15 min. Anyway.
sure, I hear you...

My job is to weed out as many potential levels that I may want to trade at. So, generally I avoid going up or down TFs. I will take a look up, say at the 4hr, daily, weekly and monthly, but only to evaluate what I marked on the hourly. Here are the candidates in the 2600/2700 range....

and to be frank, I don't think I like a single one of them....

the levels I did like traded this week..so now what, force myself to find something I like...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 63 KB
Look Sharp/Trade Tight
  • #449,215
  • Feb 8, 2017 5:01pm Feb 8, 2017 5:01pm
2576 is next watch number possible scalp
  • #449,216
  • Feb 8, 2017 5:03pm Feb 8, 2017 5:03pm
Quoting PayTheLimit
. Here are the candidates in the 2600/2700 range.... and to be frank, I don't think I like a single one of them.... {image}
Hahahaha, that much uh?

So if I understand your plan correctly you want to go short when/if the price touches one of these resistance lines, yes?
  • #449,217
  • Feb 8, 2017 5:06pm Feb 8, 2017 5:06pm
Quoting Mr Breakout
{quote} Hahahaha, that much uh? So if I understand your plan correctly you want to go short when/if the prices touches one of these resistance lines, yes?
yes, but I just don't like this area...it confuses me right now, so I will probably pass...
Look Sharp/Trade Tight
  • #449,218
  • Feb 8, 2017 5:11pm Feb 8, 2017 5:11pm
Quoting PayTheLimit
it confuses me right now, so I will probably pass...
Wise trading decision, waiting for clear, unambiguous trading signals is the way to go.
  • #449,219
  • Feb 8, 2017 5:16pm Feb 8, 2017 5:16pm
Quoting Mr Breakout
{quote} Wise trading decision, waiting for clear, unambiguous trading signals is the way to go.

here is one I like, been waiting for it all week....its sexy and sneaky...if it hits I'm going big on it...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 67 KB
Look Sharp/Trade Tight
  • #449,220
  • Feb 8, 2017 5:19pm Feb 8, 2017 5:19pm
I'm hoping you have the 12950 marked up

Quoting Mr Breakout
{quote} Hi, You are using the 1h chart to find potential support/resistance lines. Why don't use the 15-min charts instead? Here is your 1h chart for the same time period (from January 30 2017) but this time on the 15-min time frame. As you can see, not only the support and resistance lines are easier to find, but now you can also see other important S&R lines that are totally "invisible" on the 1h charts. Just a suggestion. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
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