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Cable Update (GBPUSD)

  • #451,101
  • Mar 19, 2017 9:45pm Mar 19, 2017 9:45pm
Levels pointed out in post above on a smaller time frame,, cheers all.
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  • #451,102
  • Mar 19, 2017 9:57pm Mar 19, 2017 9:57pm
Quoting lissazi
{quote} Hello bithedz. Looks nice, what indicators are you using?
using Fibonacci Retracement custom setup and default Heiken Ashi at software Metatrader
  • #451,103
  • Mar 20, 2017 2:59am Mar 20, 2017 2:59am
Quoting elbert3
Short trade 23456 !!! For any bounce area long 2440 for any resistance I would say at this time to open up on Monday the 4 hour is trying to trade over the 200ema now so watch that for a bounce now siting on the block of candles you will see and a tl following it up so we use this as support any break below would see 2300 and might even turn it short . So we also keep this I'm mind . The long high would be 2770 area . Now the plan is set for next week I keep this as a reminder if I start waving off track . Not bad for a troll ah lol good luck chaps...
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nice breakout
  • #451,104
  • Mar 20, 2017 3:52am Mar 20, 2017 3:52am
most of my short orders where filled at 1.2430,,,,,,,,, 1st tgt as indicated , 2nd one pointed out if and when 1st one gets hit ,,,,,, this chart has a 200sma but probably not much different area than ema in post mentioned above cheers all.
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  • #451,105
  • Mar 20, 2017 3:56am Mar 20, 2017 3:56am
could hang around up here a bit , not quite 2 hours till next 4 hour bar starts,,,,,,,,, or it could keep going up lol
  • #451,106
  • Mar 20, 2017 4:15am Mar 20, 2017 4:15am
The updated smaller timeframe chart...
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  • #451,107
  • Mar 20, 2017 4:28am Mar 20, 2017 4:28am
if it does continue down , there is apt to be a pause or a bounce around todays open and it will get bouncy at fridays midpoint and L3 and L4 if it goes that far per chart above ,,,,have a great day traders .
  • #451,108
  • Mar 20, 2017 4:59am Mar 20, 2017 4:59am
Price struggling to break R1, went short
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  • #451,109
  • Mar 20, 2017 5:04am Mar 20, 2017 5:04am
Quoting priceaction9
Price struggling to break R1, went short {image}
I got some nasty sell signals on the pound + eur with clear rejections, i suspect are fakes but looks nasty on the chart. I wouldn't bother with bull until daily highs are broken.
Loser trying to become a winner!
  • #451,110
  • Mar 20, 2017 5:09am Mar 20, 2017 5:09am
GBP CPI y/y on tomorrow 5:30am EST

There is a negative correlation between the performance on the CPI releasing day (pips) and 4-day performance prior to CPI releasing day (pips), especially recently after the Brexit referendum.
My understand is that CPI data has more "sell the fact" effect than other indicators.
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craftsman
  • #451,111
  • Mar 20, 2017 5:41am Mar 20, 2017 5:41am
Quoting MyOpinion
{quote} I got some nasty sell signals on the pound + eur with clear rejections, i suspect are fakes but looks nasty on the chart. I wouldn't bother with bull until daily highs are broken.
Nice rejection of 1.24 , if holds and surpasses daily high good time for us bulls ahead. The most likely scenario is down to 1.2365 first before up though. I think pound has bottomed but don't want to get greedy so will close longs around 1.2730ish and see what happens.
Loser trying to become a winner!
  • #451,112
  • Mar 20, 2017 5:54am Mar 20, 2017 5:54am
Quoting bithedz
{quote} our cable journey disturbed by some psychological trader. "Rogue traders who are selling fireworks to kids are likely to find themselves in hot water." {image} daily flat, weekly Trend UP, 2 week Trend Up, Monthly Flat. hey but it's Forex, anyone can sell or buy at will
how about EURUSD bro,,,?! thx be4
  • #451,113
  • Mar 20, 2017 7:02am Mar 20, 2017 7:02am
what is this dip?
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  • #451,114
  • Mar 20, 2017 7:04am Mar 20, 2017 7:04am
Rouge traders nah,, fireworks nah, just traders selling where it sold off before,,,,,,, now the day is not flat,,,,,, has a high,,,, a lower high,,,,,,,,, soon possibly a lower low ,,,,,,just trading .
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  • #451,115
  • Mar 20, 2017 7:10am Mar 20, 2017 7:10am
And there it is,,,,,,,,, a lower low
  • #451,116
  • Mar 20, 2017 7:14am Mar 20, 2017 7:14am
Out t p 72
  • #451,117
  • Mar 20, 2017 7:15am Mar 20, 2017 7:15am
Quoting elbert3
Out t p 72
lol, ya got me by about 5
  • #451,118
  • Mar 20, 2017 7:16am Mar 20, 2017 7:16am
Quoting digger1
rouge traders nah,, fireworks nah, just traders selling where it sold off before,,,,,,, now the day is not flat,,,,,, has a high,,,, a lower high,,,,,,,,, soon possibly a lower low ,,,,,,just trading . {image}
i think is good to buy @1.2377
#Trade what you see and not what your think
  • #451,119
  • Mar 20, 2017 7:17am Mar 20, 2017 7:17am
Quoting digger1
{quote} lol, ya got me by about 5
Top trolls ah B
  • #451,120
  • Mar 20, 2017 7:18am Mar 20, 2017 7:18am
Quoting Desrisusanti
{quote} i think is good to buy @1.2377
maybe for a scalp, Id rather see how far its gonna drop,,,,,, look for the days open to be resistance now,,,,, still some downside tgts
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