Great to see you back Stocky. Good looking charts as usual - expected... I'll spend some time looking at them. What have you been up to then? Honeymoon over?
Gone to a better place
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DislikedGreat to see you back Stocky. Good looking charts as usual - expected... I'll spend some time looking at them. What have you been up to then? Honeymoon over?Ignored
DislikedCable Analysis (Gbp/Usd) 10/01/12
This Analysis was done on the 10th so a little delayed. It contains longer term views and price levels so will still be valid.
Monthly
The above monthly chart of GU shows the long term price action of this currency major since the Lehman brother collapse. The rapid decline we seen in Sterling between 1st Aug 2008 and 1st Jan 2009 saw GU reach 1.34 which has remained as its extreme low. Price has then formed a few long term distributions highlight by the red lines. We are currently...Ignored
DislikedHey Stocky.. thank you for the in-depth Cable analysis..
I just saw your thread & would like to share my views..
EURGBP correction from this .8400 M/T supply zone may be the catalyst for Cable to finally showcase some reverse somersaults from 1.5800~1.5780 instead of continuing her Olympic dives from here.. also, EURGBP rarely rise or drop 300+ pips monthly without doing some intermediate corrections..
EURUSD+EURGBP+GBPUSD+EURJPY+GBPJPY Cross Play:
http://www.forexfactory.com/attachme...1&d=1358928182
1.5850~00...Ignored
DislikedWow, that went fast. Keep her happy and you will be too. Good luck with the move to the new job. I'm freelance but being courted by brokers and software houses. Some of the old thread posters are still around and some are not. Plenty of good analysis if you look for it, though.Ignored
DislikedHi cdndollar,
Thanks for your thoughts.
I agree we are likely to have a correction at some point before further downside in GU. 1.58 seems a good area as any. I have next support at 1.5725-50. Intraday shorts from 1.61 have been closed at consolidation zone around 1.58. I will be looking to add further shorts at the 50% fib area of the recent drop which is around 1.60. Long term short at break even.
Feel free to post analysis as you please. We need to inject some life back into this thread.
StockyIgnored
DislikedIt will be my pleasure to share my thoughts with you & our esteemed members here.. a nice change from the entertaining diversions over at the Cable thread with that little war of attrition between opposing parties at every blips & dips..
I agree with Goldmans raising the EU price target to 1.40 with the Smart Money crowd now calling for M/T 1.35~1.46 again..
Here's my latest Euro weekly & COT analysis:
http://www.forexfactory.com/showthre...03#post6386403...Ignored
Posted by cdndollar..
for this round I believe M/T money is looking for 1.35 with a potential over-shoot up to 1.38 prior to any major correction.. However, looking at the COT positions & other correlated instruments PA, I would not be surprise if Euro rise 10+ figures from here with its tendency to form major top & bottom in December & January for the following year/medium/term period....
___________________________________ _______________________
DislikedEURUSD @02012013
January close above monthly 50ma with converging 10+20ma.. Potential Monthly Golden Cross..
Confirmed Weekly 10+20/50ma Golden Cross..
Weekly Short Guppy Expansion above Long Guppy.. above converging 50+200ma..
Monthly closed above converging Long & Short Guppy..
Potential ATR targets for Quarterly Buy Fractal: 1.3888->1.5440
Daily ascending channel rising at 28 pips/day..
Static Demand Zone @1.34~1.32..
EURUSD CFTC COT @01152013:
http://www.forexfactory.com/attachme...1&d=1359700477...Ignored
DislikedFantastic analysis. Thanks for your input. Great software also your using i.e pro realtime....the market profile function on there is the best I have seen. Keep up the good work. Oh where do you download your COT charts from?
StockyIgnored
DislikedThank you, hope you're fine..
COT charts
Cable testing L/T TL, looking for a bounce..
GBPUSD+EURGBP+GBPJPY W1:
AttachmentIgnored
DislikedSmashing charts cdndollar. Previously I have used netdania for chart overlays but I am having issues with Java. I hate it. So I'm going to have to ask you how you do it?Ignored
DislikedEURUSD @02012013
January close above monthly 50ma with converging 10+20ma.. Potential Monthly Golden Cross..
Confirmed Weekly 10+20/50ma Golden Cross..
Weekly Short Guppy Expansion above Long Guppy.. above converging 50+200ma..
Monthly closed above converging Long & Short Guppy..
Potential ATR targets for Quarterly Buy Fractal: 1.3888->1.5440
Daily ascending channel rising at 28 pips/day..
Static Demand Zone @1.34~1.32..
EURUSD CFTC COT @01152013:
http://www.forexfactory.com/attachme...1&d=1359700477...Ignored
DislikedThank you, hope you're fine..
COT charts
Cable testing L/T TL, looking for a bounce..
GBPUSD+EURGBP+GBPJPY W1:
Attachment
Ignored
DislikedCable Analysis (Gbp/Usd) 10/01/12
This Analysis was done on the 10th so a little delayed. It contains longer term views and price levels so will still be valid.
Monthly
The above monthly chart of GU shows the long term price action of this currency major since the Lehman brother collapse. The rapid decline we seen in Sterling between 1st Aug 2008 and 1st Jan 2009 saw GU reach 1.34 which has remained as its extreme low. Price has then formed a few long term distributions highlight by the red lines. We are currently...Ignored