Cable Update (GBPUSD)

At last... Someone with an open mind.

update: 1.2595

london open for 1.2511 today

http://www.forexfactory.com/showthre...17#post9568217

[quote=Antithesis;9565527]{quote} Hello You should really only enter opposite direction, once you have a candle hourly close opposite to that which you want to trade. You shorted at 2500. Taking into consideration that you entered the trade, roughly when you posted the comment, it is an extremely risky trade. If you want to go short, then wait for market to show you it's hand. Either extremely over bought, or over sold. Your short would work out, if you had one red candle hourly close just above 2500, then on next hour short. Your short would work out if you had one red candle close below 2500, then a green candle close above 2500, then short on next hour Your short would work out if you had one red candle hourly close below 2500, then next hourly candle close lower red, then next hourly close green, then next hourly close red, short on next hour Point is, market has to show you red, then it has to come back green to fetch you, before you go red. It's not necessary to be "on the money" at the exact figure. If the market goes down through 5200, it will come back to above 80 on the green candle, to go down. Here are some examples. I work on 3hr candles, london time frame. When the 3am breaks, then the 6am has to "reset" at that break, in order for 7am "frankfurt open", to continue that 3am break. Like it did today. If the 7am does not continue in line with the 3am candle, then I wait for 8am to "reset" in order for 9am to continue in direction with 6am. Basically, I am looking to enter on the 2nd 3hour candle, only if there was an hourly "reset" {image} {image} {image}[/quote

Hello antithesis,

i like your methodology and explanation.

why the 3 am bar?

what do you look for or at for the US session?

regards

These levels are awsome! especially for a 10-15pip run I love it!
on the 15th price broke C so we wait for a retest of C,B and enter short
that 1 candle stick closed above C so wasnt a retest the candle after that retest B enter short collected 10pips..
Then we got a clear break above B retest of B happened and buy and collect

i'm going to keep playing these levels until theres a break of A or D

We didn't receive good point for open long yesterday, but i'm still waiting for it. Balance is long.

17/02/17 FRIDAY 08:38+1GMT
EARLY MORNING REPORT

Cable has been stuck in a range for 184 hours now

Bottom is 2350

Top is 2641

Middle is 2497 and we are still here. Still trying to find support

hello shorters!! EU and GU.. letss ride EU till 1.0581 and GU till 1.2360.. thanks!!!

I went after it...was pretty hairy, but got me some...

Hmmm so that guy with 5000 lots has paper profit of 2.5 million already real admiration on how the big guys roll

 
Nice plan!!!
Maybe lower.
 
Mind you pound news in 10 minutes.... most likely bad number
May spike few times up to clear shorts...  so stay away a bit.

2427 some support I guess...I'd rather it didn't hold...

if you observe my post earlier i was waiting for a failure of the 10SMA and price to close under it on the daily to load several shorts... it is under huge selling pressure and i am always happier selling.. there is a pic of price being rejected.. happy pippin..

still an inside week...

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Oops they did it again.
The good banks are doing great job, leaking "the news" at 08:59 and dumping it. No spikes yet - odd.... give them time they'll spike anybody's stops.ÂÂ
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Trade as you see it
I'm not touching this if no obvious manipulation that i can exploit

[quote=Dr.Zain;9568149]The pair just broke above its 50-period (Red) moving average and is challenging the 20-period one. A support has formed around 2460, which should limit the downside move. As long as 2460 is holding on the downside, look a er rebound to 2515and even 2525/40. Below 2460, look for a return to 2440 and 2410.
Next target seems 2380!!!

some type of moving average near the low of the day...perhaps someone that follows such things could enlighten us..

4hr chart, sorry...

nice pound!!! 1,23000 please!

we got some heavvy respond on 1.2400...need wait till US market...1.2400 pretty heavy support for the moment

Waiting to go Long - short was not on radar so patience prevails.
The Bias was though, on previous post however not in the system zone.
USA Bank Holiday over here on Monday so lets see how the day unfolds today.
Bias Zone Long - trade long - position taken - well not just quite yet.

Short on the Euro However.