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Cable Update (GBPUSD)

  • #183,761
  • Nov 18, 2009 5:22pm Nov 18, 2009 5:22pm
Quoting bablo
I think the number 1.6770 and not 1.7670.

I that case I agree.
lol sorry long day ...yes 1.6770
Blogging daily now at www.volume.zone
  • #183,762
  • Nov 18, 2009 5:23pm Nov 18, 2009 5:23pm
not mid week .... end of last week ... see my sunday posts

do not forget wave 1 and 2 will ALWAYS form when everyone is still bullish ...remember my 1.7000 to 1.5800 call that got scoffed at

Quoting Magix
Now that it's mid week, we surely should be pulling out the long charts as a forecast of a MAJOR trend reversal, because this makes total and complete perfect sense....

Sigh....

Well, IF we have to do this, I guess I see fit to say that you guys might be a little early on calling the mass exodus, simply, not what my daily says.

Granted, If you get caught in a short from bottom tonight, you will most likely find an exit come NEXT TUESDAY....long term trends say that you still gotta better shot at buying, at least that's what my charts are a...
Blogging daily now at www.volume.zone
  • #183,763
  • Nov 18, 2009 5:26pm Nov 18, 2009 5:26pm
Quoting bablo
I think the number 1.6770 and not 1.7670.

I that case I agree.
and he did say 50% of the down move so its obviously 6770, typos happen, try to look through them.
  • #183,764
  • Nov 18, 2009 5:39pm Nov 18, 2009 5:39pm
Quoting malcolmb14
not mid week .... end of last week ... see my sunday posts

do not forget wave 1 and 2 will ALWAYS form when everyone is still bullish ...remember my 1.7000 to 1.5800 call that got scoffed at
Is that the one that took 7 months?

Ohhhhh, and how could I completely forget wave 1 and 2....wait, what are wave 1 and 2 again? Doesn't matter, not really that interested...

I am not going to say that we won't see some bear days a coming, but we are not all that toppy just yet. I gotta stick with my charts, OSMA and MACD when working together make for a pretty powerfull move, and because we just started into this, I gotta go long for the longer terms...When this is done it's cycle, let the monthly take over and go bear...We are just not there yet.

As far as forecasts go....48 hour call and missed the button by only 17 pips, on a statistical probability forecast. w0w, gunna keep this indie all to myself!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,765
  • Nov 18, 2009 6:21pm Nov 18, 2009 6:21pm
lol...

all I know is that today been shorting every rally .. working ok so far ..lol

and in regards to 7 months and 1200% return on investment... go tell any average joe you made 1200 % on an invesment .. or even 600 % for that matter in a year and they will think you are made of wood ....and your nose grows on occasion.

SO TO STATE THIS NICE AND BOLD

1.4000 TARGET JUNE 2010.

Lol

charts for back up

fairly logical

1) 61.8 of move down of last weekly pivot high
2) rsi bear div

Attached Image (click to enlarge)
Click to Enlarge Name: chart04.gif Size: 25 KB



Quoting Magix
Is that the one that took 7 months?

Ohhhhh, and how could I completely forget wave 1 and 2....wait, what are wave 1 and 2 again? Doesn't matter, not really that interested...

I am not going to say that we won't see some bear days a coming, but we are not all that toppy just yet. I gotta stick with my charts, OSMA and MACD when working together make for a pretty powerfull move, and because we just started into this, I gotta go long for the longer terms...When this is done it's cycle, let the monthly take over and go bear...We are just not there...
Blogging daily now at www.volume.zone
  • #183,766
  • Nov 18, 2009 6:36pm Nov 18, 2009 6:36pm
Quoting malcolmb14
lol...

all I know is that today been shorting every rally .. working ok so far ..lol

and in regards to 7 months and 1200% return on investment... go tell any average joe you made 1200 % on an invesment .. or even 600 % for that matter in a year and they will think you are made of wood ....and your nose grows on occasion.

SO TO STATE THIS NICE AND BOLD

1.4000 TARGET JUNE 2010.

Lol

charts for back up

fairly logical

1) 61.8 of move down of last weekly pivot high
2) rsi bear div

Attachment
You've been shorting a bear that hit a monthly high and it's been working...Go figure....I think a lot of us did the same last week, well, until it was time to go long again...

Dude, we all see in a chart what we want to see, and arguing long terms like this is pointless. I forecast the collapse of the global economy and a universal dollar. On this forecast, it may take lifetimes, but I can seriously never be proven wrong...

If you live everyday of your life, like it is the last day of your life, one day, you will be right.

If we want to keep the forecasts coming on long term charts, why don't we try and follow the advice that we shuck out to the newbies, don't forecast, follow the trend....

The trend you are showing is a bull, the immediate, play out as you see fit.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,767
  • Nov 18, 2009 6:37pm Nov 18, 2009 6:37pm
also wow look at all those muppets selling usdx on support ... millions of them..it has got to go to 60....

all of that volume last 6 weeks has taken place around 75 .. massive accumulation... bigest since inception

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.gif Size: 17 KB




Quoting malcolmb14
lol...

all I know is that today been shorting every rally .. working ok so far ..lol

and in regards to 7 months and 1200% return on investment... go tell any average joe you made 1200 % on an invesment .. or even 600 % for that matter in a year and they will think you are made of wood ....and your nose grows on occasion.

SO TO STATE THIS NICE AND BOLD

1.4000 TARGET JUNE 2010.

Lol

charts for back up

fairly logical

1) 61.8 of move down of last weekly pivot high
2) rsi bear div

Attachment
Blogging daily now at www.volume.zone
  • #183,768
  • Nov 18, 2009 6:39pm Nov 18, 2009 6:39pm
Daily does suggest further downmove as the likely scenario for the forthcoming trades. A retest of 6660 is highly possible, close below that, and cable will likely spiral. Time will tell.

Good luck
Attached Image(s) (click to enlarge)
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Thank You
  • #183,769
  • Nov 18, 2009 6:40pm Nov 18, 2009 6:40pm
only time will tell....

trend is up ? OR is trend ranging ? 1.6000 to 1.6800 ish

mentioned htis no demand bar 2 days back ...2 DAYS NOT TODAY.


trends need buyers in order to continue.....

6b is gbp futures

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.gif Size: 24 KB






Quoting Magix
You've been shorting a bear that hit a monthly high and it's been working...Go figure....I think a lot of us did the same last week, well, until it was time to go long again...

Dude, we all see in a chart what we want to see, and arguing long terms like this is pointless. I forecast the collapse of the global economy and a universal dollar. On this forecast, it may take lifetimes, but I can seriously never be proven wrong...

If you live everyday of your life, like it is the last day of your life, one day, you will be right.

If we want to keep...
Blogging daily now at www.volume.zone
  • #183,770
  • Nov 18, 2009 6:45pm Nov 18, 2009 6:45pm
1.6620 is key on the daily

IF we get under that then we are back in the range ...which has a bottom 1.6000

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #183,771
  • Nov 18, 2009 7:10pm Nov 18, 2009 7:10pm
Quote
You've been shorting a bear that hit a monthly high and it's been working...Go figure....I think a lot of us did the same last week, well, until it was time to go long again...

Dude, we all see in a chart what we want to see, and arguing long terms like this is pointless. I forecast the collapse of the global economy and a universal dollar. On this forecast, it may take lifetimes, but I can seriously never be proven wrong...

If you live everyday of your life, like it is the last day of your life, one day, you will be right.

If we want to keep...

Intelligent Thinking
  • #183,772
  • Nov 18, 2009 7:25pm Nov 18, 2009 7:25pm
Quoting malcolmb14
1.6620 is key on the daily

IF we get under that then we are back in the range ...which has a bottom 1.6000

Attachment
Agree my friend....
"Buy on fear, sell on greed !!!
  • #183,773
  • Edited 9:21pm Nov 18, 2009 7:54pm | Edited 9:21pm
I view long term charts (monthly, weekly and daily) to be in an uptrend. 50% of the Nov 12th to 16th trend +/- put me at 1.6700.

Long at 1.6700
  • #183,774
  • Nov 18, 2009 8:00pm Nov 18, 2009 8:00pm
where we r..close below 6740 and now already break 6700....

come on 6650 ....
  • #183,775
  • Nov 18, 2009 8:07pm Nov 18, 2009 8:07pm
might even go 1.6630...

lets see
We are the TREND. Resistance is futile...
  • #183,776
  • Nov 18, 2009 8:15pm Nov 18, 2009 8:15pm
From now I think GBP/USD should go UP back to 1.6773 Bercause bullish complete on Hourly .BUY now

1.6773 Maybe take a retracement down back if not breaking it
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  • #183,777
  • Nov 18, 2009 8:15pm Nov 18, 2009 8:15pm
Quoting grashid
where we r..close below 6740 and now already break 6700....

come on 6650 ....
1.6279

Was a pretty good targeted range huh?

Was pretty sure she was going down, but makes me not feel like a moron, when I get the easy ones right.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,778
  • Nov 18, 2009 8:16pm Nov 18, 2009 8:16pm
SUPPORT RANGE>>>

Expect a stall here...

1.6687

Play careful!
Attached Image (click to enlarge)
Click to Enlarge Name: stall.JPG Size: 85 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #183,779
  • Nov 18, 2009 8:17pm Nov 18, 2009 8:17pm
Quoting monggo
might even go 1.6630...

lets see

1.6450 ... 48 hrs ?

maybe .. someone upset the apple cart in Asia .. us futures dropping like a rock
Blogging daily now at www.volume.zone
  • #183,780
  • Edited 8:54pm Nov 18, 2009 8:24pm | Edited 8:54pm
MAE all,
I am looking to 6680 (AREA) as an important level. To either side.


This is a messy chart but here it is.

S/R areas, (ideas) and some TLs. Just some thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 10.png Size: 126 KB
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