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Cable Update (GBPUSD)

  • #451,401
  • Mar 29, 2017 9:57am Mar 29, 2017 9:57am
Only Taken long order GBPUSD M1
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  • #451,402
  • Mar 29, 2017 12:29pm Mar 29, 2017 12:29pm
Quoting Zakhar13
The price is testing the support line. If the price goes through the support line, it will move to the 1.23384 point. And if not, the price will move up to the point of 1.25498, through target 1.24872. {image}
IMO, 1.2549 is way too stretched for a target to an upward move. I think it will be rejected & sold before that level.
  • #451,403
  • Mar 29, 2017 12:31pm Mar 29, 2017 12:31pm
Quoting digger1
{quote} be cautious with the dollar strength theme {image}
Noted, I was just referring to the short term USD strength, rather a short lived one, maybe a week or 2 max.
  • #451,404
  • Mar 29, 2017 12:38pm Mar 29, 2017 12:38pm
Going short here based on Gann resistance being tested:
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  • #451,405
  • Mar 29, 2017 12:39pm Mar 29, 2017 12:39pm
Quoting mrhb30jr
Only Taken long order GBPUSD M1 {image}
I'm with you at 1.2420 45 pip stop. No hourly close under 1.24 + hasn't got close to challenging 1.2377 spike low all day. In theory could move up quickly now but lots of intimidating resistance so gonna keep it small. Good luck.
Loser trying to become a winner!
  • #451,406
  • Mar 29, 2017 12:55pm Mar 29, 2017 12:55pm
Quoting narafa
{quote} IMO, 1.2549 is way too stretched for a target to an upward move. I think it will be rejected & sold before that level.
quite possible ,,,,,,,, but last week of a quarter and the 1st week of a new some seemingly unreachable tgts have a way of being reached ,,,,,, hence the word cautious
  • #451,407
  • Mar 29, 2017 1:14pm Mar 29, 2017 1:14pm
Quoting digger1
{quote} quite possible ,,,,,,,, but last week of a quarter and the 1st week of a new some seemingly unreachable tgts have a way of being reached ,,,,,, hence the word cautious
Ticking around that 2424 area if you try at this stage with tight sl either way one will get stopped out wait until the 5 min consolidation takes place
  • #451,408
  • Mar 29, 2017 1:17pm Mar 29, 2017 1:17pm
Quoting digger1
{quote} quite possible ,,,,,,,, but last week of a quarter and the 1st week of a new some seemingly unreachable tgts have a way of being reached ,,,,,, hence the word cautious
If it come up again from this 219 to 2424 I am short sl manage or the other way
  • #451,409
  • Mar 29, 2017 1:20pm Mar 29, 2017 1:20pm
Quoting digger1
{quote} quite possible ,,,,,,,, but last week of a quarter and the 1st week of a new some seemingly unreachable tgts have a way of being reached ,,,,,, hence the word cautious
Ow might of missed the boat point and reading
  • #451,410
  • Mar 29, 2017 1:50pm Mar 29, 2017 1:50pm
Quoting elbert3
{quote} Ow might of missed the boat point and reading
ah ya didnt miss anything ,,, still thinking a pop coming
  • #451,411
  • Mar 29, 2017 2:07pm Mar 29, 2017 2:07pm
its thin ,,,,,,,,, but its a start ,,, ,,,,,,,,,,,the weekly cam level at 2417 I mentioned earlier ,,,,,,,, my best fills where 2393,,,,, see if they hold up or not. cheers
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  • #451,412
  • Mar 29, 2017 2:10pm Mar 29, 2017 2:10pm
failure ,then last weeks low at 2334 would be my next down side tgt which puts it basically at the quarterly open at 2329
  • #451,413
  • Mar 29, 2017 2:14pm Mar 29, 2017 2:14pm
Quoting MyOpinion
{quote} I'm with you at 1.2420 45 pip stop. No hourly close under 1.24 + hasn't got close to challenging 1.2377 spike low all day. In theory could move up quickly now but lots of intimidating resistance so gonna keep it small. Good luck.
I think nice up move coming now. add 1.2440 70 pip stop. If its fake well played they got me lol.
Loser trying to become a winner!
  • #451,414
  • Mar 29, 2017 2:16pm Mar 29, 2017 2:16pm
Quoting MyOpinion
{quote} .i think nice up move coming now. add 1.2440 70 pip stop.
thinking so too ,,,,,,,, looking for clues ,,, daily if nothing changes much will end as a doji so indecision at the very least
  • #451,415
  • Mar 29, 2017 3:43pm Mar 29, 2017 3:43pm
Well, my view is that since a top has formed intraday around 2475 and a bottom formed around 2415, so we should be seeing swings around those bottom and top tomorrow. If we take out 2415 first (Go below slightly), then the rest of the day will probably target above 2475. Will see what Sydney/Asia range today will be for some clues.

In all cases, I am expecting Dollar to be weaker tomorrow across the board. so let's see how things unfold.
  • #451,416
  • Mar 29, 2017 4:44pm Mar 29, 2017 4:44pm
Quoting digger1
{quote} ah ya didnt miss anything ,,, still thinking a pop coming
Lol I try not to it's the best way . My boss told me look left at all times . Only when you have looked left it might be safe to look right to the future ???
  • #451,417
  • Mar 29, 2017 8:43pm Mar 29, 2017 8:43pm
Quoting elbert3
{quote} Lol I try not to it's the best way . My boss told me look left at all times . Only when you have looked left it might be safe to look right to the future ???
In the US, we look left.

Maybe you should look to the right?
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #451,418
  • Mar 29, 2017 11:21pm Mar 29, 2017 11:21pm
Quoting Mr. Scott
{quote} In the US, we look left. Maybe you should look to the right? {image}
Morning boss hope your well looked in on your thread earlier but nobody was home . Lol yes your crayons are pointing to the 4 lour doji up early to try and catch the move . Normally around 6 am . Thanks for popping in Regards B
  • #451,419
  • Mar 30, 2017 12:05am Mar 30, 2017 12:05am
Break below 1.2400 could generate some momentum.
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  • #451,420
  • Mar 30, 2017 1:31am Mar 30, 2017 1:31am
Trying to scalp some small pips 2431 to 2446 and hold if of it goes higher
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