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Cable Update (GBPUSD)

  • #451,121
  • Mar 20, 2017 7:21am Mar 20, 2017 7:21am
Quoting Desrisusanti
{quote} i think is good to buy @1.2377
what time frame chart do you use?
  • #451,122
  • Mar 20, 2017 7:24am Mar 20, 2017 7:24am
Quoting FiveShots
what is this dip? {image}
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  • #451,123
  • Mar 20, 2017 7:25am Mar 20, 2017 7:25am
Quoting digger1
{quote} 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
On short period quite good entry
  • #451,124
  • Mar 20, 2017 7:31am Mar 20, 2017 7:31am
Quoting Sintein
{quote} On short period quite good entry
could get a spike as high as last weeks high 1.2404 , that was really the sticking point before this drop, doubt wether much above days open tho
  • #451,125
  • Mar 20, 2017 7:39am Mar 20, 2017 7:39am
Quoting sergo
{quote} {image}
Thank you .. I would be more careful with GBP till article 50 out of the way.
  • #451,126
  • Mar 20, 2017 7:46am Mar 20, 2017 7:46am
Shorting the cable with a take profit near 1.2250 and buying it up at the shaded zone.
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  • #451,127
  • Mar 20, 2017 7:54am Mar 20, 2017 7:54am
Quoting digger1
{quote} could get a spike as high as last weeks high 1.2404 , that was really the sticking point before this drop, doubt wether much above days open tho
Rejected 2393 for now watch the 1 min for support
  • #451,128
  • Mar 20, 2017 8:25am Mar 20, 2017 8:25am
All I See is a strong bullish trend we hit the bottom already and tested so a few correction is something I would be glad to see to add some more longs. Cheers
  • #451,129
  • Mar 20, 2017 8:51am Mar 20, 2017 8:51am
Quoting DwainUK
All I See is a strong bullish trend we hit the bottom already and tested so a few correction is something I would be glad to see to add some more longs. Cheers
Well, I will have a few available at the end of the day if and when it gets somewhere around the 1.2350ish 40ish if your still in a buying mood , , cheers.
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  • #451,130
  • Mar 20, 2017 9:54am Mar 20, 2017 9:54am
Quoting DwainUK
All I See is a strong bullish trend we hit the bottom already and tested so a few correction is something I would be glad to see to add some more longs. Cheers

I couldn't agree more with you actually. But as an elliottist, I'm looking at a potential reversal to 1.2240 region before heading up.

If I were you, I'm buying in that region.
  • #451,131
  • Edited 11:00am Mar 20, 2017 10:45am | Edited 11:00am
The biggest volume this year was short from 1.2568-1.2410area so natural that the Shorters would come back in the area above 1.2410
  • #451,132
  • Mar 20, 2017 11:21am Mar 20, 2017 11:21am
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...
As above 23456 just got hit will it bounce
  • #451,133
  • Mar 20, 2017 12:45pm Mar 20, 2017 12:45pm
GBP/USD is further down from 1.24 at about 1.234, few pips above today’s low, and flirting around 1.235.
  • #451,134
  • Mar 20, 2017 2:24pm Mar 20, 2017 2:24pm
2367 and 85
  • #451,135
  • Mar 20, 2017 2:38pm Mar 20, 2017 2:38pm
could pull back toward the 1.2380 area which could be another good level for shorts

but this needs to be confirmed tomorrow
  • #451,136
  • Mar 20, 2017 3:32pm Mar 20, 2017 3:32pm
rough plan,,, no break out yet could test the 50% level of todays move ,,,,, or if it breaks up work back towards the highs , if it breaks down there is a good projection,,,,,,, clues are all ya have ,,,,,cheers all
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  • #451,137
  • Mar 20, 2017 10:27pm Mar 20, 2017 10:27pm
Sold @2375 with tp @2280
done deal for me
Good luck all
  • #451,138
  • Mar 20, 2017 10:30pm Mar 20, 2017 10:30pm
Quoting kk300
Sold @2375 with tp @2280 done deal for me Good luck all
Keep your stop tight ,, may not be a done deal yet
  • #451,139
  • Mar 20, 2017 11:38pm Mar 20, 2017 11:38pm
Cable from open market Monday, liability is down, but seller cannot break lower Friday.

it's mean we got 2 resistance up/down for today.
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  • #451,140
  • Mar 21, 2017 12:19am Mar 21, 2017 12:19am
Quoting kk300
Sold @2375 with tp @2280 done deal for me Good luck all
Starting to look a little more promising , slowly sliding below the days open, lets see if it takes a crack at yesterdays low or if it can put in a new one ,,, cheers .
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