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Cable Update (GBPUSD)

  • #449,361
  • Feb 10, 2017 5:44am Feb 10, 2017 5:44am
Quoting PayTheLimit
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.... {image}
Have a great weekend PTL!
  • #449,362
  • Feb 10, 2017 6:13am Feb 10, 2017 6:13am
FINALLY 90 pips profit booked from 2535 to 2444, closed because it's reached the 365 MA. This was such a slow week!
  • #449,364
  • Feb 10, 2017 6:44am Feb 10, 2017 6:44am
Quoting Mr Breakout
{quote} I am telling you Bones, the party is over for the last few bulls, cable is going down. Think about shorting rallies from now on, don't fight the trend my friend. Just my opinion.
And the Winner is...

Mr Breakout.

How to opt out annoying user signatures ??
  • #449,365
  • Edited 8:43am Feb 10, 2017 8:17am | Edited 8:43am
Quoting digger1
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 GBP 2.jpg;2182273 {image}

Think its a bit like buy the rumour sell the fact.

Found this

http://www.davemanuel.com/investor-d...sell-the-news/

Also the underlying fundamentals aint great on the pound.
And Trump as long as he stays off twitter and doesnt say anything too offensive has the dollsr sort of strong at the moment.
He is meeting up with Abe and everyone thinks that the dollar will do well.
  • #449,366
  • Feb 10, 2017 9:12am Feb 10, 2017 9:12am
Quoting Toranaga
{quote} And the Winner is... Mr Breakout.
Lol, wouldnt be hasty, move brewing your not going to want to short into, my opinion anyway
  • #449,367
  • Feb 10, 2017 9:21am Feb 10, 2017 9:21am
Quoting Toranaga
{quote} And the Winner is... Mr Breakout.
Mr Breakout is a little more short term than bones I believe, his trades probably would have been short so far today, trading the head and shoulder pattern on the 15 min chart, which has hit its projected target.
  • #449,368
  • Feb 10, 2017 9:28am Feb 10, 2017 9:28am
Quoting digger1
{quote} Lol, wouldnt be hasty, move brewing your not going to want to short into, my opinion anyway
I hold my trades often for a week or two, daily/weekly trend lines in mind.

and

Quote
Quoting Fader123 Also the underlying fundamentals aint great on the pound.


Of course not !! They are devastating, and on a long term basis a really
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  • #449,369
  • Feb 10, 2017 9:33am Feb 10, 2017 9:33am
It ain't over till she sings...
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  • #449,370
  • Feb 10, 2017 9:37am Feb 10, 2017 9:37am
Quoting AlexC
It ain't over till she sings... {image}
Lol
  • #449,371
  • Feb 10, 2017 9:57am Feb 10, 2017 9:57am
Goid luck all
  • #449,372
  • Feb 10, 2017 9:57am Feb 10, 2017 9:57am
Done with Fibonacci Breakout

Hv a great weekend
not euphoria follower
  • #449,373
  • Feb 10, 2017 10:58am Feb 10, 2017 10:58am
ok post d1 and weekly end of day

Quoting Toranaga
{quote} And the Winner is... Mr Breakout.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,374
  • Feb 10, 2017 1:32pm Feb 10, 2017 1:32pm
The GBPUSD has stalled again at the 55 day EMA, around the 1.2437 level. The pair stays direction less at the moment.
  • #449,375
  • Feb 10, 2017 2:57pm Feb 10, 2017 2:57pm
Quoting Toranaga
{quote} And the Winner is... Mr Breakout.
Hi there Toranaga

Yes it is a bearish market for the cable, but the bulls are still trying to protect that 1.2430/1.2400 level.

On the 1h chart GBP/USD has just completed a Head and Shoulders pattern and the price is now testing the neckline, so I guess next week we will be able to see if this H&S formation is still valid (it should at least bring an easy 100 pips if that's the case...).
Attached Image (click to enlarge)
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  • #449,376
  • Feb 10, 2017 3:30pm Feb 10, 2017 3:30pm
Quoting Bones
ok post d1 and weekly end of day {quote}
Bones, here is the weekly cable chart.

Do you see at least 2 higher highs and 2 higher lows on this chart?

No, on the contrary, we see 2 lower lows and 2 lower highs, the exact definition of a downtrend.

So why on earth do you keep thinking that the cable has finally "bottomed"?

Just curious.
Attached Image (click to enlarge)
Click to Enlarge Name: waq.png Size: 169 KB
  • #449,377
  • Feb 10, 2017 3:34pm Feb 10, 2017 3:34pm
yep

Quoting Toranaga
{quote} I hold my trades often for a week or two, daily/weekly trend lines in mind. and {quote} Of course not !! They are devastating, and on a long term basis a really {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp Screenshot 2017-02-10_17-09-52.png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,378
  • Feb 10, 2017 3:38pm Feb 10, 2017 3:38pm
I see a doji cross just like I said yesterday

Quoting Mr Breakout
{quote} Bones, here is the weekly cable chart. Do you see at least 2 higher highs and 2 higher lows on this chart? No, on the contrary, we see 2 lower lows and 2 lower highs, the exact definition of a downtrend. So why on earth do you keep thinking that the cable has finally bottomed? Just curious. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,379
  • Feb 10, 2017 3:39pm Feb 10, 2017 3:39pm
trend on cable is still down , until a reversal shows up

no reversal has shown up yet , so current down trend is still in place
  • #449,380
  • Feb 10, 2017 3:42pm Feb 10, 2017 3:42pm
how on earth did I know hadn't closed lot times I posted it even predicted it last sat
what does it say you already seen this pattern higher
Attached Image (click to enlarge)
Click to Enlarge Name: GBP (DFB).png Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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