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Cable Update (GBPUSD)

  • #449,241
  • Feb 9, 2017 1:15am Feb 9, 2017 1:15am
First trade of the day.. good start
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  • #449,242
  • Feb 9, 2017 1:41am Feb 9, 2017 1:41am
Quoting Noors
I have only just started looking into engulfing patterns.. find them quite interesting...
Yes engulfing patterns are quite interesting indeed, but be warned that they are not that easy to trade my friend, you need to "qualify" them first and then wait for confirmation.

We will talk about it later if you don't mind, right now I am too tired and we have a snowstorm coming up in a few hours in NYC :
http://abc7ny.com/weather/new-york-a...rsday/1743885/
  • #449,243
  • Feb 9, 2017 1:51am Feb 9, 2017 1:51am
The pair is consolidating but is still trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside centiments. As long as 1.2500/2480 holds as support, look for a further upside towards 1.2550 and even 1.2580 in extension. Only a break below 1.2500 would turn the outlook to negative and call for a further drop to 1.2470/60.
  • #449,244
  • Feb 9, 2017 1:57am Feb 9, 2017 1:57am
Quoting Mr Breakout
{quote} Yes engulfing patterns are quite interesting indeed, but be warned that they are not that easy to trade my friend, you need to "qualify" them first and then wait for confirmation. We will talk about it later if you don't mind, right now I am too tired and we have a snowstorm coming up in a few hours in NYC : http://abc7ny.com/weather/new-york-a...rsday/1743885/
I won't trade them till I study it first. Will be great to talk about it once you get free from the snowstorm don't see any snow here down under...
1 tip of advice I can give is if your going to drive before driving, let someone know your destination, route, and expected time of arrival stay safe
  • #449,245
  • Feb 9, 2017 2:17am Feb 9, 2017 2:17am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts | Online Now
GBP is running .... upward
  • #449,246
  • Feb 9, 2017 2:20am Feb 9, 2017 2:20am
Quoting Dr.Zain
The pair is consolidating but is still trading above its rising 20-period and 50-period moving averages, which play support roles and maintain the upside centiments. As long as 1.2500/2480 holds as support, look for a further upside towards 1.2550 and even 1.2580 in extension. Only a break below 1.2500 would turn the outlook to negative and call for a further drop to 1.2470/60.
1.2580 almost hitted!!!!
  • #449,247
  • Feb 9, 2017 2:20am Feb 9, 2017 2:20am
so i tp for 10pips and up it runs 70... anyway that purple level important level
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  • #449,248
  • Feb 9, 2017 2:23am Feb 9, 2017 2:23am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts | Online Now
Quoting Dr.Zain
{quote} 1.2580 almost hitted!!!!
what do you think its enouh or it will go forward
  • #449,249
  • Feb 9, 2017 2:55am Feb 9, 2017 2:55am
Quoting turnfx
{quote} what do you think its enouh or it will go forward
If the Pair very Clearly & Soundly Clears 2560 can Reachs at 2610!!!!!
  • #449,250
  • Feb 9, 2017 3:30am Feb 9, 2017 3:30am
Quoting Dr.Zain
{quote} If the Pair very Clearly & Soundly Clears 2560 can Reachs at 2610!!!!!
Morning Dr that came off a 1 min doji at 2503 just as London opened . Carefull up here it's about to hit 61%
  • #449,251
  • Feb 9, 2017 3:34am Feb 9, 2017 3:34am
certainly sellers lurk, but I'm not sure where...
Look Sharp/Trade Tight
  • #449,252
  • Feb 9, 2017 3:50am Feb 9, 2017 3:50am
Quoting elbert3
{quote} Morning Dr that came off a 1 min doji at 2503 just as London opened . Carefull up here it's about to hit 61%
Morning Billy
61% at whuch TF as im on Cell.
Regards
Zain
  • #449,253
  • Feb 9, 2017 4:07am Feb 9, 2017 4:07am
Daily chart makes for some nice longer less hassle and more free time trades ..
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  • #449,254
  • Feb 9, 2017 4:48am Feb 9, 2017 4:48am
Quoting Dr.Zain
{quote} Morning Billy 61% at whuch TF as im on Cell. Regards Zain
Sorry at my site now 4 hour but forgot the number ? Rushed out this morning after placing the doji trade I tp on 570 top somebody will chart on up ??? Regards B
  • #449,255
  • Feb 9, 2017 4:50am Feb 9, 2017 4:50am
Quoting Dr.Zain
{quote} Morning Billy 61% at whuch TF as im on Cell. Regards Zain
Put up your day chart see what comes out and look left at candle body's . Please anybody reading this play your own trade B
  • #449,256
  • Edited 5:41am Feb 9, 2017 5:20am | Edited 5:41am
Quoting Fader123
Kirstin Forbes talking about a rate increase and May talking about trade deals in China seems to have changed sentiment a bit

See we are still on the move. Although I see Carney speaks tonight
  • #449,257
  • Feb 9, 2017 6:26am Feb 9, 2017 6:26am
It really likes 2556.
  • #449,258
  • Feb 9, 2017 6:30am Feb 9, 2017 6:30am
Nice pullback opportunity, going long on this nice Pin bar at the previous High

GL all
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  • #449,259
  • Feb 9, 2017 6:37am Feb 9, 2017 6:37am
Ranging going on.... wait for strong movement....

Daily Technical Analysis - Investopedia

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It is the dust where you came from & it is the dust where you shall return
  • #449,260
  • Feb 9, 2017 6:51am Feb 9, 2017 6:51am
Quoting Dr.Zain
{quote} If the Pair very Clearly & Soundly Clears 2560 can Reachs at 2610!!!!!
Strugling at 2560!!!!!!!
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