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Cable Update (GBPUSD)

  • #452,401
  • May 4, 2017 1:48am May 4, 2017 1:48am
Quoting Snowden
Any bulls gonna catch this knife?

Yep, I'm in
Come with me if you want to live....
  • #452,402
  • May 4, 2017 1:48am May 4, 2017 1:48am
Quoting Nala66
{quote} See I see that a tad differently using the Quartile I note we have not retraced more than 25% so I expect a continuation to the downside. Shown in chart below. Look also at the two boxes I have put X's in. The retracement failed by the amount in the top box, this amount is transferred to the box below which makes a 100% equilibrium swing of sentiment. Now when it exceeds this target it is in divergence and up she goes again. (where the yellow circle is) I forget to mention that the lower box is often made by a single bar. {image}
False tail break target is 2760 area first eu 1.75 gbj 139.998 trading t also but I don't have big lots on them last 2
  • #452,403
  • May 4, 2017 1:50am May 4, 2017 1:50am
Going short @845
  • #452,404
  • May 4, 2017 1:51am May 4, 2017 1:51am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0054.PNG Size: 75 KB
Quoting Nala66
{quote} See I see that a tad differently using the Quartile I note we have not retraced more than 25% so I expect a continuation to the downside. Shown in chart below. Look also at the two boxes I have put X's in. The retracement failed by the amount in the top box, this amount is transferred to the box below which makes a 100% equilibrium swing of sentiment. Now when it exceeds this target it is in divergence and up she goes again. (where the yellow circle is) I forget to mention that the lower box is often made by a single bar. {image}
  • #452,405
  • May 4, 2017 1:55am May 4, 2017 1:55am
If the break of 1.2850 holds, then things really will start to get interesting!

Targeting 1.27772.
  • #452,406
  • May 4, 2017 1:58am May 4, 2017 1:58am
2815/2810 area looks like the optimal buy zone to me
Come with me if you want to live....
  • #452,407
  • May 4, 2017 2:02am May 4, 2017 2:02am
Quoting elbert3
{image}{quote}
Again a tad different.

(I just managed 30 pips down and 10 pips back up being extremely oversold on the 5 min.)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 98 KB
  • #452,408
  • May 4, 2017 2:02am May 4, 2017 2:02am
Quoting Ill-b-back
{quote} Ok, I understand your logic with order flow and quick rejection. I guess my way of thinking is that until an area has been retested, it's still a danger/opportunity depending on how you see/trade it. {image}
hmm, although we closed 4hr above 2846 support zone.
This daily candle will be interesting
Come with me if you want to live....
  • #452,409
  • May 4, 2017 2:03am May 4, 2017 2:03am
I would be a bit wary now of further shorts because a breakout is required... wait and see mode.
  • #452,410
  • May 4, 2017 2:04am May 4, 2017 2:04am
Quoting Ill-b-back
{quote} Yep, I'm in
Ok good luck - my trade is a (hopefully) quickie
For mid term:
We could be seeing the beginning of a tide-turn. May's handling of brexit + possibility of Corbyn closing gap in run up to June elections could start to weigh on sterling.
Need to see a change in brexit rhetoric and/or great numbers coming out of UK
  • #452,411
  • May 4, 2017 2:11am May 4, 2017 2:11am
Quoting Nala66
I would be a bit wary now of further shorts because a breakout is required... wait and see mode.
I have 4 hour break at 2903 bottom false tail sits at 2520 if it gets there my boss will give me another trophy lol
  • #452,412
  • May 4, 2017 2:13am May 4, 2017 2:13am
2860 add area for me going 100 ema on 4 hour
  • #452,413
  • May 4, 2017 2:17am May 4, 2017 2:17am
Quoting elbert3
{quote} I have 4 hour break at 2903 bottom false tail sits at 2520 if it gets there my boss will give me another trophy lol
At 25 you deserve much more, perhaps a plastic medal and a paper giraffe
  • #452,414
  • May 4, 2017 2:25am May 4, 2017 2:25am
Quoting Snowden
{quote} Ok good luck - my trade is a (hopefully) quickie For mid term: We could be seeing the beginning of a tide-turn. May's handling of brexit + possibility of Corbyn closing gap in run up to June elections could start to weigh on sterling. Need to see a change in brexit rhetoric and/or great numbers coming out of UK
The daily candle close today I think will be the key.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 34 KB
Come with me if you want to live....
  • #452,415
  • May 4, 2017 2:31am May 4, 2017 2:31am
Quoting Nala66
{quote} At 25 you deserve much more, perhaps a plastic medal and a paper giraffe
Are you any good at origami
  • #452,416
  • May 4, 2017 2:32am May 4, 2017 2:32am
Quoting Ill-b-back
{quote} The daily candle close today I think will be the key. {image}
The daily close yesterday was pretty telling, in my mind!
  • #452,417
  • May 4, 2017 2:50am May 4, 2017 2:50am
Well, congrats to knife catchers is due . I'm out
  • #452,418
  • May 4, 2017 3:14am May 4, 2017 3:14am
So does the down/up move now weaken the 1.2860 area as support, for the next test..?
  • #452,419
  • May 4, 2017 3:50am May 4, 2017 3:50am
Quoting Luzbay
So does the down/up move now weaken the 1.2860 area as support, for the next test..?
Waiting to break 2888 to add and watch 5 min trend line from that last bottom
  • #452,420
  • May 4, 2017 4:07am May 4, 2017 4:07am
I just got back home and the Bulls are on fire making better than a 50% retracement and looking like they are going for the 75% which is the resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB
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