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Cable Update (GBPUSD)

  • #451,801
  • Apr 6, 2017 11:46pm Apr 6, 2017 11:46pm
As far as the gbpusd it may have seen its high at 1.25 for the week (little blue circle ) ,,, a lot of big tgts below current prices,,, as for the day it has spent more time below the daily open than above ,,,,, wouldnt be surprised by another poke to 2480 tho ,,,,,probably be a sell area for me. gbp is already well below its quarterly open and looks to be slowly fading ,,,,,time will tell cheers all
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  • #451,802
  • Apr 7, 2017 1:18am Apr 7, 2017 1:18am
Quoting digger1
As far as the gbpusd it may have seen its high at 1.25 for the week (little blue circle ) ,,, a lot of big tgts below current prices,,, as for the day it has spent more time below the daily open than above ,,,,, wouldnt be surprised by another poke to 2480 tho ,,,,,probably be a sell area for me. gbp is already well below its quarterly open and looks to be slowly fading ,,,,,time will tell cheers all {image}
Morning Dig a while ago I had a bit of a mand post where it mentions gu going down to check the baby candle on the day and price would go down to 2080 ish ????? Then I posted a cut throu of the bottom tl ? Since then we have been long . So now we have had 2 day waves high to give us a top day tl .it looks like this 1... Top breakout is any thing over 2600 as long as we don't get a fake out . 2... Fail 2590 area then it could be seen as 3rd wave on that top tl ... 3... Support 2435 we have a 2 hit on that too , then we see 2380 fail then 2309 and so on as we take out all the long based emas to trade under 200ema .you 200sma would be the one then that was resistance that we spoke about .3..back to if its long then it could be a very long back to take out all the gaps from Britx . Then look to make new tl to work the trend out .... Bit of a long one sorry GL B
  • #451,803
  • Apr 7, 2017 1:21am Apr 7, 2017 1:21am
Quoting elbert3
{quote} Morning Dig a while ago I had a bit of a mand post where it mentions gu going down to check the baby candle on the day and price would go down to 2080 ish ????? Then I posted a cut throu of the bottom tl ? Since then we have been long . So now we have had 2 day waves high to give us a top day tl .it looks like this 1... Top breakout is any thing over 2600 as long as we don't get a fake out . 2... Fail 2590 area then it could be seen as 3rd wave on that top tl ... 3... Support 2435 we have a 2 hit on that too , then we see 2380 fail then...
ah no worries man ,,,,news will spike it every where today
  • #451,804
  • Apr 7, 2017 1:22am Apr 7, 2017 1:22am
Quoting NMZee
{quote} Havent seen Elbert or Digs the whole day.....what's up with that. Hmm
There you go N . Too posts to make up for yesterday ,!! Digs chart and my opinion E
  • #451,805
  • Apr 7, 2017 1:34am Apr 7, 2017 1:34am
17/04/07 FRIDAY 08:30+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #451,806
  • Apr 7, 2017 1:41am Apr 7, 2017 1:41am
Just took 2465 to add but 5 pip sl as bigger lot see how it works out
  • #451,807
  • Apr 7, 2017 1:49am Apr 7, 2017 1:49am
Quoting elbert3
Just took 2465 to add but 5 pip sl as bigger lot see how it works out
wanted the blue to short may come yet ,,,,,,took yesterdays mid point ,,with a crap load , out of most with 13 ,,,,,got that out of the way lol,,now just screwing around , had some nice trades earlier in the yen so pretty much done with the big ones for the day
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  • #451,808
  • Apr 7, 2017 2:05am Apr 7, 2017 2:05am
I'm on the fence with this one waiting for evidence.

I have a 1hr triangle formation with false breaks on both sides and no support or resistance. The break suggest 83 pips
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  • #451,809
  • Apr 7, 2017 2:08am Apr 7, 2017 2:08am
Quoting Nala66
I'm on the fence with this one waiting for evidence. I have a 1hr triangle formation with false breaks on both sides and no support or resistance. The break suggest 83 pips {image}
On the fence is a position too ,safest one lol
  • #451,810
  • Apr 7, 2017 2:10am Apr 7, 2017 2:10am
Last weeks low at 2375 almost fits with the 80 pips
  • #451,811
  • Apr 7, 2017 2:14am Apr 7, 2017 2:14am
2363ish is last months mid...
Look Sharp/Trade Tight
  • #451,812
  • Apr 7, 2017 2:18am Apr 7, 2017 2:18am
Quoting PayTheLimit
2363ish is last months mid...
got a decent number just below that at 2347 , in the area , sure it wont be a strait drop tho if and when it goes that far
  • #451,813
  • Apr 7, 2017 2:38am Apr 7, 2017 2:38am
Quoting digger1
Last weeks low at 2375 almost fits with the 80 pips
Hi D, yes but the resistance at 2563 fits the bill also.

Most often I see the targets hit before the NFP, they tend to get a wiggle on when they make their minds up.
  • #451,814
  • Apr 7, 2017 2:39am Apr 7, 2017 2:39am
Quoting digger1
{quote} got a decent number just below that at 2347 , in the area , sure it wont be a strait drop tho if and when it goes that far
right and 2334 is the low from two weeks ago, some wicks down there, should be some support....
Look Sharp/Trade Tight
  • #451,815
  • Apr 7, 2017 2:42am Apr 7, 2017 2:42am
Looks like we could get a push up here, if we don't break 2445, lets see
  • #451,816
  • Apr 7, 2017 2:44am Apr 7, 2017 2:44am
Quoting digger1
{quote} got a decent number just below that at 2347 , in the area , sure it wont be a strait drop tho if and when it goes that far
dats the quarterly mid?
Look Sharp/Trade Tight
  • #451,817
  • Apr 7, 2017 2:48am Apr 7, 2017 2:48am
Quoting PayTheLimit
{quote} dats the quarterly mid?
yes, decent Camarilla pivot level also
  • #451,818
  • Apr 7, 2017 2:51am Apr 7, 2017 2:51am
Quoting digger1
{quote} On the fence is a position too ,safest one lol
He who dares wins lol B
  • #451,819
  • Apr 7, 2017 2:53am Apr 7, 2017 2:53am
Quoting josh11
Looks like we could get a push up here, if we don't break 2445, lets see
yesterdays low was 2449 , it has been pierced keep stp tight if your scalping
  • #451,820
  • Apr 7, 2017 2:55am Apr 7, 2017 2:55am
Quoting elbert3
{quote} He who dares wins lol B
Indeed ,,,,,,interest rates days and employment data days not for the faint of heart, kids or widows lol
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