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Cable Update (GBPUSD)

  • #449,341
  • Feb 9, 2017 10:56pm Feb 9, 2017 10:56pm
here ok yea why then

Quoting carguychase
{quote} Yeah a lot would have to happen for this and it's really out of the picture right now. I'm looking at 200 pips downward.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,342
  • Feb 9, 2017 11:34pm Feb 9, 2017 11:34pm
I don't know that Greg maybe on another time frame perhaps. I have a huge one on the 4 hr with an expect 350 break but that may be a week or so away.

Better to stick with the bread and butter trades I think. As you can see here in the 5 min chart there are plenty of opportunities and once you get the trade stop to break even you can set the TP and walk away. There may well be smaller targets on the chart but I select the ones worth more than my profit target which is the black box shown.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 111 KB
  • #449,343
  • Edited 11:57pm Feb 9, 2017 11:36pm | Edited 11:57pm
I don't know what to make of it really, I look at the chart and have a tough time getting excited...last weeks close was 2483, I have some support marked at 2448, but not crazy about it...

just a simple look at it, for me.....we took a important low out, and what have we done after...bounced, fine...but I'd like to see the bulls make a HH somewhere first...not interested in buying it today......
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 62 KB
Look Sharp/Trade Tight
  • #449,344
  • Feb 10, 2017 12:18am Feb 10, 2017 12:18am
Think I'll try some shorts in GJ at 143.15, seems like a sneaky spot...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 59 KB
Look Sharp/Trade Tight
  • #449,345
  • Feb 10, 2017 12:19am Feb 10, 2017 12:19am
O boys you have been busy arguing through the night . Let's see what we got posted last night it could go back up to 2530 it went up 2520 and on 1 hour we have dt at 20 so that's the res for now . We have tl attraction at 2405 ish in the middle 2485 and 2445 which look weak ??? 2405 goes we had 2360 week ago so it will want to test that then 4 hour tl attraction 2300
  • #449,346
  • Feb 10, 2017 12:21am Feb 10, 2017 12:21am
Quoting elbert3
O boys you have been busy arguing through the night . Let's see what we got posted last night it could go back up to 2530 it went up 2520 and on 1 hour we have dt at 20 so that's the res for now . We have tl attraction at 2405 ish in the middle 2485 and 2445 which look weak ??? 2405 goes we had 2360 week ago so it will want to test that then 4 hour tl attraction 2300
If 2485 can bounce then 2520 again and could then see 2700 try and keep it simple
  • #449,347
  • Feb 10, 2017 12:24am Feb 10, 2017 12:24am
1 hour candle close at 7 could show today's move 97 looks like its short in a possible up ? Could be worth sneeeekly long with 5 pip sl but that's a gamble . But I do like the unexpected . We have the numbers so let's see it silly Friday too
  • #449,348
  • Feb 10, 2017 12:35am Feb 10, 2017 12:35am
Quoting elbert3
1 hour candle close at 7 could show today's move 97 looks like its short in a possible up ? Could be worth sneeeekly long with 5 pip sl but that's a gamble . But I do like the unexpected . We have the numbers so let's see it silly Friday too
Ok it's off move sl to be when poss remember 520 so watch any reaction short
  • #449,349
  • Feb 10, 2017 12:47am Feb 10, 2017 12:47am
Looking for bull candle or a rejection on this 1 hour I think . That's me for now I have an annual board meeting this morning so you old guys know what that means ???? Lol
  • #449,350
  • Feb 10, 2017 12:48am Feb 10, 2017 12:48am
Quoting PayTheLimit
Think I'll try some shorts in GJ at 143.15, seems like a sneaky spot... {image}
Not a bad idea,

Quoting basitata
{quote} Not a bad idea, {image}
Waiting for another divergence, at the spotted level.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYmH4.png Size: 50 KB
Click to Enlarge Name: GBPJPYmH1.png Size: 49 KB
Enter Signature
  • #449,351
  • Feb 10, 2017 1:02am Feb 10, 2017 1:02am
17/02/10 FRIDAY 07:50+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #449,352
  • Feb 10, 2017 1:57am Feb 10, 2017 1:57am
Attached Image (click to enlarge)
Click to Enlarge Name: 10.02.jpg Size: 154 KB

local short then long
make money together
  • #449,353
  • Feb 10, 2017 2:05am Feb 10, 2017 2:05am
Quoting Mr Breakout
{quote} If we apply the measured move concept to this GBP/AUD Head and Shoulders formation that gives us a 75 pip profit potential (see chart) In other words this is more than a 2 to 1 reward risk ratio trade (I am risking 35 pips to earn 75 pips or more). {image}
1.6325 target reached, total +142 pip profits (75 + 67).
Off to bed now, take care folks.
Over and out.
  • #449,354
  • Feb 10, 2017 2:33am Feb 10, 2017 2:33am
mildly interesting spot to watch for any bulls
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 24 KB
Click to Enlarge Name: GBPUSDH1.png Size: 22 KB
Come with me if you want to live....
  • #449,355
  • Feb 10, 2017 3:06am Feb 10, 2017 3:06am
If this thing can break the support it has the potential to make the huge triangle 170 pips below.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
  • #449,356
  • Feb 10, 2017 3:47am Feb 10, 2017 3:47am
Short now????
  • #449,357
  • Feb 10, 2017 3:51am Feb 10, 2017 3:51am
The bears have been trying to break the 1.247 support for 60 hours now. About time they gave up and give the bulls a go.
  • #449,358
  • Feb 10, 2017 3:52am Feb 10, 2017 3:52am
Quoting Ibw
Short now????
Well if ya was going to play the news , the short was at the news release , would be peeling it off about now and let the dust settle
  • #449,359
  • Feb 10, 2017 4:30am Feb 10, 2017 4:30am
Got to love news releases lol, yesterdays low held and todays open , so if ya bought on the release ya should be fine ,,,,,,,,,,, that was positive news I did get long at todays open, lets see wht its got
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 2.jpg Size: 356 KB
  • #449,360
  • Feb 10, 2017 5:35am Feb 10, 2017 5:35am
I'd like to sell some at 2542 me thinks, but the week is almost over, and I'm done with them, but a few I'm marking before I turn my screen off...have a good weekend, and good luck....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 56 KB
Look Sharp/Trade Tight
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