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Cable Update (GBPUSD)

  • #450,721
  • Mar 7, 2017 4:31pm Mar 7, 2017 4:31pm
Difficult to expect anything at the moment

We stay inside a bear
Risk comes from not knowing what you're doing.
  • #450,722
  • Mar 7, 2017 4:35pm Mar 7, 2017 4:35pm
Quoting dragonexpert
Difficult to expect anything at the moment We stay inside a bear
E an Ultimate would be a crappy nfp and a spike to that 200 lol
  • #450,723
  • Mar 7, 2017 4:59pm Mar 7, 2017 4:59pm
Like I told ya E , Id much rather buy the gbp than sell it but this picture says dont load up yet. 2 projections so I put a box in the middle lol, camarillas are pretty decent at containing the price action ,,,,,,,,, gonna take longer than a couple weeks tho .
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  • #450,724
  • Mar 7, 2017 5:07pm Mar 7, 2017 5:07pm
Quoting digger1
Like I told ya E , Id much rather buy the gbp than sell it but this picture says dont load up yet. 2 projections so I put a box in the middle lol, camarillas are pretty decent at containing the price action ,,,,,,,,, gonna take longer than a couple weeks tho . {image}
I know what a Camarilla is but what are you referring to in regards to trading?
  • #450,725
  • Mar 7, 2017 5:14pm Mar 7, 2017 5:14pm
Quoting Nala66
{quote} I know what a Camarilla is but what are you referring to in regards to trading?
That I wouldnt load up on longs for a long term hold till those projections are negated or met , rough sketch man of the the bear flags from the H&S pattern
  • #450,726
  • Mar 7, 2017 5:25pm Mar 7, 2017 5:25pm
Quoting digger1
{quote} That I wouldnt load up on longs for a long term hold till those projections are negated or met , rough sketch man of the the bear flags from the H&S pattern
I see thanks.
  • #450,727
  • Mar 7, 2017 5:37pm Mar 7, 2017 5:37pm
Quoting Nala66
{quote} I see thanks.
no worries , bsing with a friend across the pond more or less lol, l
  • #450,728
  • Mar 7, 2017 5:41pm Mar 7, 2017 5:41pm
Quoting Nala66
{quote} I see thanks.
long term hold may have a little different meaning in todays world tho , ya can just click a button and its changed ,,, not so long ago ya had to chase your broker down then he had to chase his runner down then to the floor etc etc lol,,,,,,, dont miss those days much
  • #450,729
  • Edited 9:26pm Mar 7, 2017 9:10pm | Edited 9:26pm
GBP/USD seems to have found support arround 2170, the pair is struggling to hold above 1.2200. If the pair prints 2240 today!!! fair number to short & if it stays down 2200, one have to wait till Monday as on Friday US nfp might brings volatality in the market. Delay and uncertainty about brexit is not good for the Pound atm.
  • #450,730
  • Mar 7, 2017 10:05pm Mar 7, 2017 10:05pm
struggling to stay up or struggling to poke thru yesterdays 50% level and last weeks low , and an average thts got whacked the last few days , take your pick , , hope alls well with you Dr Z .
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  • #450,731
  • Mar 7, 2017 10:11pm Mar 7, 2017 10:11pm
Little better view maybe , poke to 2240 will come I believe , cheers
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  • #450,732
  • Mar 7, 2017 10:21pm Mar 7, 2017 10:21pm
Quoting digger1
struggling to stay up or struggling to poke thru yesterdays 50% level and last weeks low , and an average thts got whacked the last few days , take your pick , , hope alls well with you Dr Z . {image}
Will the 1 hour keep its pattern going ? Double doji 2090 las was 200 pips so weekly tl would be in site if if
  • #450,733
  • Mar 7, 2017 10:39pm Mar 7, 2017 10:39pm
Quoting elbert3
{quote} Will the 1 hour keep its pattern going ? Double doji 2090 las was 200 pips so weekly tl would be in site if if
not enough volume yet to really know,,,, if it gets below the open it could go back to 2175 ish anyway, I did sell a few at yesterdays mid point 2210 ,, well sold a bunch lol out of most with with a few runners left if it does take the open out stps are be now
  • #450,734
  • Mar 7, 2017 10:48pm Mar 7, 2017 10:48pm
really just playing this pattern atm E , x would be the limit , then it would be selling the average more than likely.
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  • #450,735
  • Mar 7, 2017 10:52pm Mar 7, 2017 10:52pm
Inverted view.
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  • #450,736
  • Mar 7, 2017 10:52pm Mar 7, 2017 10:52pm
Yesterday 1.22 was resistance today it is support. Lets see if it holds
  • #450,737
  • Mar 7, 2017 11:15pm Mar 7, 2017 11:15pm
Quoting digger1
struggling to stay up or struggling to poke thru yesterdays 50% level and last weeks low , and an average thts got whacked the last few days , take your pick , , hope alls well with you Dr Z . {image}
Struggling to minimize $ to come out from its seven weeks Lows print of yesterday as PM got defeated 2nd time from the HOL to initiate & begin Brexit process.
  • #450,738
  • Mar 7, 2017 11:23pm Mar 7, 2017 11:23pm
Today Councillor Philip Hammond will release the 2017 UK Budgets. In my opinion short from now.
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"If you are not long, that doesn't mean you have to be short"
  • #450,739
  • Mar 7, 2017 11:26pm Mar 7, 2017 11:26pm
breaks 1.2207/13 for up try or a spike 1.2251 test or go to bottom 1.2100, 1.2015, small sr at 1.2192/84 /72 if spike , take care , I will like for the bottom first for all spikes . fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #450,740
  • Mar 7, 2017 11:34pm Mar 7, 2017 11:34pm
Next 1.2161
#Trade what you see and not what your think
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