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Cable Update (GBPUSD)

  • #452,041
  • Apr 13, 2017 5:57am Apr 13, 2017 5:57am
Quoting digger1
{quote} Good to see ya man ,,,,,,,,,,,,,,,,, a few add lib candles for you lol ,,,,,may end up up being something like this by time all said and done ,,,,,, have a great one traders . {image}
Gee Digger did you work that one out using tractor tracks
  • #452,042
  • Apr 13, 2017 5:58am Apr 13, 2017 5:58am
Quoting digger1
{quote} Good to see ya man ,,,,,,,,,,,,,,,,, a few add lib candles for you lol ,,,,,may end up up being something like this by time all said and done ,,,,,, have a great one traders . {image}
Likewise Digger good to see you too - seems again we are both on the same page. If it goes higher than all is very good.
  • #452,043
  • Apr 13, 2017 5:59am Apr 13, 2017 5:59am
Quoting Nala66
{quote} Gee Digger did you work that one out using tractor tracks
lol,,,,,,yea ,,,,,something like that
  • #452,044
  • Apr 13, 2017 12:42pm Apr 13, 2017 12:42pm
Quoting josh11
Must be the only one lol but I am short again at 2570 looking for 2530 and then 2490. Keeping my eye on PA GL guys
Still waiting for 2490, I think it will be taken out before anymore up, lets see GL
  • #452,045
  • Apr 13, 2017 2:19pm Apr 13, 2017 2:19pm
Quoting elbert3
{quote} Good digging dig . We had a lovely doji on 1 min 2553 see if 2570 is resistance now to this mornings top
As above rejection 2494 might flip it back long see if any bounce around that area next 2470 and then 2445
  • #452,046
  • Apr 13, 2017 7:06pm Apr 13, 2017 7:06pm
well wtf that aint like my drawing at all
  • #452,047
  • Apr 13, 2017 7:09pm Apr 13, 2017 7:09pm
knew it was dorked when the us unemployment claims came out green ,,,,,,,
  • #452,048
  • Apr 13, 2017 7:38pm Apr 13, 2017 7:38pm
Will be watching 2479 will be buying if and when it gets there and probably a few places before there ,,,,,Holidays tend to screw things up a little but gonna give it a go ,,,,there is a pop to the daily 200sma coming ..... not sure when with the holiday but its coming .
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  • #452,049
  • Apr 14, 2017 2:36am Apr 14, 2017 2:36am
Quoting digger1
Will be watching 2479 will be buying if and when it gets there and probably a few places before there ,,,,,Holidays tend to screw things up a little but gonna give it a go ,,,,there is a pop to the daily 200sma coming ..... not sure when with the holiday but its coming . {image} {image}
Yeah I am still waiting for 2490, then I will be looking for longs targeting 2569. Will be watching PA at around 2490 for longs GL
  • #452,050
  • Apr 14, 2017 3:33am Apr 14, 2017 3:33am
GBP/USD had a good week this week as price advanced to a high of 1.2575. Next week the pair might consolidate if there are no major news to stir the market.
  • #452,051
  • Apr 14, 2017 8:00am Apr 14, 2017 8:00am
The pound should advance to 2614... however I am going fishing for a few days.
  • #452,052
  • Apr 14, 2017 8:02am Apr 14, 2017 8:02am
Quoting Nala66
The pound should advance to 2614... however I am going fishing for a few days.
Based on?

Enjoy your fishing trip.
  • #452,053
  • Apr 14, 2017 11:57am Apr 14, 2017 11:57am
Personally i suspect it has the potential to go higher on a 4 hour bollinger band i would est one more high minimum maybe 2 even - a wave trader might say its 2 of 3 with a 4 however if it makes a new high then i will short from there and carry that position as a one of a potential 3 short positions. I dont have a short yet on my four hour chart so i go with this analogy till i get one, if it drops then and break 123 700 which is a long way down then i re load long, bais is to wait for a short above or near to the last high as a starting point. This zone being the high from the trump move the other day so at 140 pips up on this trade see how it plays Monday might even get one of those sneaky bank holiday moves. Might even find time to get a chart up.
  • #452,054
  • Apr 14, 2017 3:10pm Apr 14, 2017 3:10pm
Quoting fingotrader
Hi, I join the tread started by Day Trader and ask you guys the same question about GBPUSD the coming week, any views on where we are going? Thanks FT
Gbpusd may go short since it correlates with Eurgbp however i will be buying Eurgbp because i see it going long
  • #452,055
  • Apr 14, 2017 3:18pm Apr 14, 2017 3:18pm
Most of the time this pair correlates with gbpusd so therefore i see gbpusd going shorts however i will be buying this because i prefer it to pounddollar
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  • #452,056
  • Apr 14, 2017 4:01pm Apr 14, 2017 4:01pm
ok I'm going to state the obvious. A gap down below 1.2511 could be quite disastrous. Hold onto your hats.
  • #452,057
  • Apr 14, 2017 8:25pm Apr 14, 2017 8:25pm
Decent tech target for retest 300 odd pips below
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Come with me if you want to live....
  • #452,058
  • Apr 15, 2017 10:11am Apr 15, 2017 10:11am
Staying with higher early part of next week ..
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  • #452,059
  • Apr 15, 2017 12:31pm Apr 15, 2017 12:31pm
Quoting dean1star
Staying with higher early part of next week .. {image}
I was hoping for a poke to the daily 200 yet ,,,,,,,week leading up to a major holiday is misleading at times tho,,,, tht 200 is close yet so faar away lol,,,,,,, looking like 2479 ish could be visited again but price is above the 50% level of entire move off the bottom,,,,,that 50% is down around a whole gaggle of stuff tho ,,,,,,, last quarters open . I am flat so will let the mkt gyrate a little ,,,,,,the weekly close appeared some what bearish to me tho ,,,,,,,that close below the quarterly open could be somewhat telling ,,,,, need a little more data lol,,,,,,will see what happens if and when that 2479ish level is reached or breached lol,,,,,,,,,,,,,,,,,,,,,1st chart daily ,,, 2nd one just shows a little closer view . Have a great holiday ,,weekend all.
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  • #452,060
  • Apr 16, 2017 1:49am Apr 16, 2017 1:49am
Quoting digger1
{quote} I was hoping for a poke to the daily 200 yet ,,,,,,,week leading up to a major holiday is misleading at times tho,,,, tht 200 is close yet so faar away lol,,,,,,, looking like 2479 ish could be visited again but price is above the 50% level of entire move off the bottom,,,,,that 50% is down around a whole gaggle of stuff tho ,,,,,,, last quarters open . I am flat so will let the mkt gyrate a little ,,,,,,the weekly close appeared some what bearish to me tho ,,,,,,,that close below the quarterly open could be somewhat telling ,,,,, need a...
Interesting on the 200 ema Digger and the midpoint of last week perhaps it adds strength for a bounce up - but then we know this game well enough, it will probably just drop flat 200 pips plus just because they can lol ..
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