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Cable Update (GBPUSD)

  • #342,721
  • Jun 14, 2013 10:43am Jun 14, 2013 10:43am
Quoting Ill-b-back
{quote} Hi TT, how's things?
Sir IBB - things are going great. Thank you.

I'm still of the opinion that we are topping for a few weeks. My positions remain open to the short side. This last leg up ( at this point) is all smoke and mirrors. Check 1.5737 current high. We may even break. But she will come past by me - to take profit. Larger scale, this will end up a massive retrace for higher.

I will pass by in weeks to come.

IBBaby must be a young lady by now?

All success
  • #342,722
  • Jun 14, 2013 10:56am Jun 14, 2013 10:56am
Previous Trade

Trying Long @ 1.5645 stop @ 1.5580 TP : Open
added long @ 1.5674 stop @ 1.5632 TP :Open
If there was easy money lying around,no one would be forcing it into your
  • #342,723
  • Jun 14, 2013 10:56am Jun 14, 2013 10:56am
Quoting fontu
People questioning about the thread & so , ok but still some charts & analyses regarding inter-relations of currencies analysed before as update . Please take it easy & possible set up the mind in future . The most weak currency was aud , usd strong & eur & gbp fluctuating !! Now usd correcting /relatively weak , aud enough weak by this time & eur & gbp got one hand to all of them so far . so was expected euraud & gbpaud to trend change initiation greatly up , doing perfect & still on while time may be araising for a correction there too . That...

thank you fontu.
you can't stop the waves, but you can learn to surf
  • #342,724
  • Jun 14, 2013 10:56am Jun 14, 2013 10:56am
Quoting TauTrader
{quote} Sir IBB - things are going great. Thank you. I'm still of the opinion that we are topping for a few weeks. My positions remain open to the short side. This last leg up ( at this point) is all smoke and mirrors. Check 1.5737 current high. We may even break. But she will come past by me - to take profit. Larger scale, this will end up a massive retrace for higher. I will pass by in weeks to come. IBBaby must be a young lady by now? All success



Dear Sir,

Hopes everything is fine there sir TT
If there was easy money lying around,no one would be forcing it into your
  • #342,725
  • Jun 14, 2013 10:58am Jun 14, 2013 10:58am
Easy targets going for usdjpy next weeks perhaps .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpyweekly.png Size: 31 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,726
  • Jun 14, 2013 11:23am Jun 14, 2013 11:23am
This is no man's land. I expect a drop to around 1.5635 at least. Afterwards I wouldnt be shocked to see a spike up to the 1.5730 range before ultimately correcting. Still holding some shorts from yesterday at BE.
  • #342,727
  • Jun 14, 2013 11:44am Jun 14, 2013 11:44am
Quoting FXMindset
{quote} Dear Sir, Hopes everything is fine there sir TT
Whazzap!

Good to see you , sir

All good. I'm entering my submarine. Seat belt on.

Month end.

All the best
  • #342,728
  • Jun 14, 2013 12:56pm Jun 14, 2013 12:56pm
Quoting FXMindset
Previous Trade Trying Long @ 1.5645 stop @ 1.5580 TP : Open added long @ 1.5674 stop @ 1.5632 TP :Open
Nice! I may get in on this as well. I see a DBLHC on the 4H but I'd like a little more to go on before I enter. What do you think?
  • #342,729
  • Jun 14, 2013 1:29pm Jun 14, 2013 1:29pm
Quoting AVLtrader
{quote} Nice! I may get in on this as well. I see a DBLHC on the 4H but I'd like a little more to go on before I enter. What do you think?
Hi,

any closed above 1.5637 would keep inviting me for long
the next one is 1.5751,look the reaction there for take the profits or resuming up


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #342,730
  • Jun 14, 2013 2:10pm Jun 14, 2013 2:10pm
hey nav proved too strong ,anyway daily is nice I think ,im with you short for retrace ,should imagine we close around here

Quoting nAVIN2007
{quote} i think cable will break this area aye tone? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1 gbp usd d1 hangman 14-6-13.png Size: 37 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,731
  • Jun 14, 2013 2:52pm Jun 14, 2013 2:52pm
Quoting Bones
hey nav proved too strong ,anyway daily is nice I think ,im with you short for retrace ,should imagine we close around here {quote} {image}

yes tone i agree at least the new candle is on the otherside of the trend line
thats gotta be worth something
  • #342,732
  • Jun 14, 2013 4:01pm Jun 14, 2013 4:01pm
Nice crazy to try to avoid any crush , even at this weekend , maintained bull so far & as broken first hand level 5633 can go for 5488/94 too next time to confirm correction down.This do or die situation to be only solve by total failure or either side . so hope market will end at the same level , ready for full blown crush or some more bull play again to do so .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,733
  • Jun 15, 2013 1:31pm Jun 15, 2013 1:31pm
Quoting TauTrader
{quote} Whazzap! Good to see you , sir All good. I'm entering my submarine. Seat belt on. Month end. All the best
HOPE U RIGHT BRU
  • #342,734
  • Jun 15, 2013 4:39pm Jun 15, 2013 4:39pm
Quoting TauTrader
{quote} Sir IBB - things are going great. Thank you. I'm still of the opinion that we are topping for a few weeks. My positions remain open to the short side. This last leg up ( at this point) is all smoke and mirrors. Check 1.5737 current high. We may even break. But she will come past by me - to take profit. Larger scale, this will end up a massive retrace for higher. I will pass by in weeks to come. IBBaby must be a young lady by now? All success
Hi TT nice to see you.

She is a lovely lady indeed.

I hope you are well and I agree with your outlook.

You bring such eloquence to trading eh!

Have a great week TT.
Come with me if you want to live....
  • #342,735
  • Jun 15, 2013 9:20pm Jun 15, 2013 9:20pm
Hello bones, sorry to use your chart.....

We have daily bearish with long pin bar, based on previous pattern, daily bearish followed by aggressive bullish, the different is the latest bearish candle broke the daily trend line but closed near the trend line, so it is tricky...., the long pin bar on the bearish candle may be mean take all shorts to be killed or take the SL of long orders at that area. Cable now close to the important 61.8 fibo on weekly TF (1.577x), this area is the key......
Better to wait next 1-2 daily candle to get the clearer picture.....

If 61.8 fibo can't stop the bull, the next possible target will be senkou span (brown cloud, usually behave as strong resistance at 1.5990), or equilibrium line on weekly harmonic pattern at 1.61XX, we still have 2 very nice weekly candle with long body right?.... still have no strong reversal pattern except 61.8 fibo will act as finisher for the bull.

Bearish has strong reason due to the 61.8 weekly fibo, so does the bullish if overcome mentioned fibo.......
Be patient.... we still need more confirmation....
Better for scalping in this situation .....

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Bones Chart-edit.png Size: 55 KB
Attached Image
  • #342,736
  • Jun 16, 2013 3:03am Jun 16, 2013 3:03am
hey red ,hey draw smiley faces on the chart for all I care
you do raise some very good points

re others maybe its not bearish ,
Its a difficult pattern that's for sure ,if it is ,also the smaller the body the more powerful ,very small upper wick ,poss classic
I remember this number very well 1.5750 from last year
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 16-6-13 hang man with exuastion.png Size: 54 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,737
  • Jun 16, 2013 9:06am Jun 16, 2013 9:06am
Quoting Bones
hey red ,hey draw smiley faces on the chart for all I care you do raise some very good points re others maybe its not bearish , Its a difficult pattern that's for sure ,if it is ,also the smaller the body the more powerful ,very small upper wick ,poss classic I remember this number very well 1.5750 from last year {image}
Thank you mate, you are very humble as usual....i like your chart, very clear....
Hmmm......that's why i said it is very tricky..... in one side, small body is indicate reversal candle but on the other side small body, small upper wick and long lower wick indicate bullish pressure..... maybe we will have an explosion.. ..... but i don't have any idea which direction?.... as usual cable like to make a trap before deciding to go......
  • #342,738
  • Jun 16, 2013 11:02am Jun 16, 2013 11:02am
I do agree red ,its a difficult call ,actually id prefer the hangman to be a warning ,if then a shooting star the set up would really nice
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 16-6-13.png Size: 44 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,739
  • Jun 16, 2013 2:47pm Jun 16, 2013 2:47pm
Just same as before , if market wants crazy can still play , after it reach at pullback areas in very strong hand so far but whatever , Choppy head/top formation should be process this week or so , good for scalping though .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 33 KB
Click to Enlarge Name: gbpusdh4.png Size: 38 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,740
  • Jun 16, 2013 7:23pm Jun 16, 2013 7:23pm
Quoting FXMindset
{quote}Previous Trade Trying Long @ 1.5645 stop @ 1.5580 TP : Open added long @ 1.5674 stop @ 1.5632 TP :Open
Morning all,

added buy limit @1.5705 stop @1.5615 TP: Open
If there was easy money lying around,no one would be forcing it into your
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