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Cable Update (GBPUSD)

  • #450,341
  • Feb 27, 2017 7:10am Feb 27, 2017 7:10am
Quoting elbert3
{quote} As above just watching to pp on Fridays top short
hello sir .
tell me meaning of term pp which you have used in your good quet.
  • #450,342
  • Feb 27, 2017 7:18am Feb 27, 2017 7:18am
Potential Scottish independence referendum has ''kicked in'', further decline accelerating push the pair to support level at 1.2380.
  • #450,343
  • Feb 27, 2017 7:18am Feb 27, 2017 7:18am
124 000 took a long position i guess one of three ..
  • #450,344
  • Feb 27, 2017 7:33am Feb 27, 2017 7:33am
Quoting Kajos2250
{quote} GU H4 GMT+2 because of the BE the 50% retrace of the last bullish belt hold is the newest possibility to join until the next candle. buy limit .2528, invalidation price close under ~2490... good luck! {image}
GU H4 GMT+2

price could hit new LL into ~2400 support by a bullish pin, no confirmed trend.
let us give a chance to 50% retracement of that pin can predict the way.
buy stop .2438, invalidation close under .2379, some book ~2521...

good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.proH4.png Size: 92 KB
Anything is math!
  • #450,345
  • Feb 27, 2017 7:44am Feb 27, 2017 7:44am
Quoting rameeztr
{quote} hello sir . tell me meaning of term pp which you have used in your good quet.
Protect profit .,regards E
  • #450,346
  • Feb 27, 2017 8:06am Feb 27, 2017 8:06am
Quoting elbert3
{quote} Protect profit .,regards E
thankh sir for for telling meaning of pp
  • #450,347
  • Feb 27, 2017 8:58am Feb 27, 2017 8:58am
Price moves up to the point of 1.24780. And I guess that the price will return to the channel. Or сorrect to the point of 1.23851.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h4.png Size: 41 KB
  • #450,348
  • Feb 27, 2017 9:56am Feb 27, 2017 9:56am
Quoting elbert3
Watching 1 hour see if it can close under 14000 . Possible long scalp 2450 but would like to see any stop at 2425 area to continue plan
There we go watch for selling again next up would be 2472
  • #450,349
  • Feb 27, 2017 11:08am Feb 27, 2017 11:08am
Quoting Dr.Zain
2425/41, 2460 & 2475 resistances are lying there.On the downside side, the supports are lined up at 1.2392 (2-week low) and 1.2371 (daily S1) and below that at 1.2350 (psychological levels).
2475 Im shorting with tight Sl!!!!
  • #450,350
  • Feb 27, 2017 12:02pm Feb 27, 2017 12:02pm
Quoting Dr.Zain
{quote} 2475 Im shorting with tight Sl!!!!
gained 21 pips!!!
  • #450,351
  • Feb 27, 2017 12:36pm Feb 27, 2017 12:36pm
Quoting Dr.Zain
{quote} gained 21 pips!!!
2437 Dr then hope to break that or long again but watch the candles around that area B
  • #450,352
  • Feb 27, 2017 12:39pm Feb 27, 2017 12:39pm
Quoting elbert3
{quote} 2437 Dr then hope to break that or long again but watch the candles around that area B
Sorry 2437 god sake man
  • #450,353
  • Feb 27, 2017 12:43pm Feb 27, 2017 12:43pm
Pp 2446
  • #450,354
  • Feb 27, 2017 12:50pm Feb 27, 2017 12:50pm
Quoting elbert3
{quote} There we go watch for selling again next up would be 2472
2437/41 long for some pips!!!!
  • #450,355
  • Feb 27, 2017 12:53pm Feb 27, 2017 12:53pm
Quoting elbert3
Pp 2446
YOU GOT IT MAN....
  • #450,356
  • Feb 27, 2017 1:02pm Feb 27, 2017 1:02pm
Quoting Ill-b-back
ok, we have a breakout right?
No it is not a breakout, on the 4h chart (your time frame) the cable is forming some kind of very complex Head and Shoulders formation.
A clear breakout below 1.24 could signal the beginning of another downtrend.
Target is 300 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd_4.png Size: 216 KB
  • #450,357
  • Feb 27, 2017 1:06pm Feb 27, 2017 1:06pm
Quoting elbert3
Pp 2446
Out but with a hedge long and a sell order 2454
  • #450,358
  • Feb 27, 2017 1:11pm Feb 27, 2017 1:11pm
Quoting Mr Breakout
{quote} No it is not a breakout, on the 4h chart (your time frame) the cable is forming some kind of very complex Head and Shoulders formation. A clear breakout below 1.24 could signal the beginning of another downtrend. Target is 300 pips. {image}
yep - closely watching that
  • #450,359
  • Feb 27, 2017 1:40pm Feb 27, 2017 1:40pm
Quoting MXT
{quote} yep - closely watching that
Also notice the big, mean, nasty, where-do-you-think-you-are-going hammer at support level.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_usd_4.png Size: 219 KB
  • #450,360
  • Feb 27, 2017 1:45pm Feb 27, 2017 1:45pm
Quoting Mr Breakout
{quote} Also notice the big, mean, nasty, where-do-you-think-you-are-going hammer. {image}
nice , looks like we're in good company with many other traders watching the same thing
540 traders viewing now, 4 are registered:
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