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Cable Update (GBPUSD)

  • #234,921
  • Jul 1, 2010 2:26am Jul 1, 2010 2:26am
Quoting dag777
what numbers do you have, if we continue down?
My are 1.4862 (50% fib on d1, chart i posted above)
and further down 1.4780,
thanks
I have 4833 & 4768 as the bottom target.
For what it's worth, keep in mind that the W1 has the 3 advancing soldiers & June closed an inside bar. Overall tone for cable is bullish, so if the D1 today closes bearish with the formation of the 3 black crows, I doubt the coming trades are going to produce easy pips.
Scalping will be the only easy thing then lol
Thank You
  • #234,922
  • Jul 1, 2010 2:29am Jul 1, 2010 2:29am
Quoting FXFundi
Crown / H&S formation mentioned a few days ago worked out.

http://www.forexfactory.com/showthre...70#post3837170

This is what I'm seeing at the mo. A bigger Crown / H & S might be forming.

Attachment

Yup I agree that this may happen...thanks nice chart...
Never Stop Learning...
  • #234,923
  • Jul 1, 2010 2:30am Jul 1, 2010 2:30am
Morning all.

Well we jumped the channel on H4. Careful play here this could go both ways. Are we now in a full blown reversal or will a new parallel channel get formed? Time will tell, I am playing the tight game until we have a confirmation of either. DAG777 posted a good chart too, no break no shag. The H4 still has room till 4865 and 4841, once those go we are looking at 48135 and 47392 again.

Happy pippin' to all and keep an eye on the PMI at 0930 and of course the biggie at 1330.

.
Attached Image (click to enlarge)
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  • #234,924
  • Jul 1, 2010 2:40am Jul 1, 2010 2:40am
Quoting javajames
Hi guys,

Long time haven't been posting.....thread was a bit uninteresting....hope it's going to change.....with discussions about anayses and systems....illustrated by arguments and graphs....

so here are my 2 cents....
Yes trend is up: we're clearly above cloud and Sdl confirms..
But I believe in a retracement down to 1.4875 (upper line of cloud) ....why
1) Osma is down from zone 2
2) Macd in zone 2 shows a top
3) Stoch in oversold zone pointing down and with a 89.5 value

Hope it helps

GL to you
As mentioned above, retracement happened and 1.4875 was hit.....in spite some here trying to argue with me......

So what now ????difficult to say: whether down to 1.4732 which is a good support line, or resume of uptrend....

My best advice is stay aside PA will tell what to do in next 2 hours

GL to all
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Non licet omnibus adire Corinthum
  • #234,925
  • Jul 1, 2010 2:48am Jul 1, 2010 2:48am
Hi all,,,

It seems that we are at the end of wave A ( H1 ) time frame
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  • #234,926
  • Jul 1, 2010 2:54am Jul 1, 2010 2:54am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Well everyone is contributing, so my cable target 145..
Cable will rush to 149350 and then tank back...reason...US doesn't want to hold cable on long weekend and they will sell. S&P has broken it's tech supp and nobody will take the risk with spain downgrade insight.

ta
ams
Attached Image (click to enlarge)
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  • #234,927
  • Jul 1, 2010 2:55am Jul 1, 2010 2:55am
Looking at H4 tells us a bit more:

we have lTL in kumo (cloud) it usually means this TL will be difficult to break....

So I have a light preference for resume of uptrend ....but if lower line of kumo is broken then be prepared to a reversal....

Happy trading
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Non licet omnibus adire Corinthum
  • #234,928
  • Jul 1, 2010 3:15am Jul 1, 2010 3:15am
Quoting amberfm
Hi all,,,

It seems that we are at the end of wave A ( H1 ) time frame
long @ 1.4922 riding wave B target 1.5000 end of wave B and i hope the news will support this wave
so it will go throught the wp
  • #234,929
  • Jul 1, 2010 3:26am Jul 1, 2010 3:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
We jumped to this level as expected now we hold it and go above (fake breakout) or below is the question...

ta
ams



Quoting ams
Well everyone is contributing, so my cable target 145..
Cable will rush to 149350 and then tank back...reason...US doesn't want to hold cable on long weekend and they will sell. S&P has broken it's tech supp and nobody will take the risk with spain downgrade insight.

ta
ams
  • #234,930
  • Jul 1, 2010 3:34am Jul 1, 2010 3:34am
Hi i have something which i want to start from august. I first need some demo testers for a month. I need 10 if anyone is intrested in the demo testing you can just pm me.
  • #234,931
  • Jul 1, 2010 3:43am Jul 1, 2010 3:43am
hi all

nice ride hope u are all in green
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  • #234,932
  • Jul 1, 2010 3:52am Jul 1, 2010 3:52am
H and S
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  • #234,933
  • Jul 1, 2010 3:52am Jul 1, 2010 3:52am
Quoting ams
Well everyone is contributing, so my cable target 145..
Cable will rush to 149350 and then tank back...reason...US doesn't want to hold cable on long weekend and they will sell. S&P has broken it's tech supp and nobody will take the risk with spain downgrade insight.

ta
ams
hi ta , all true es is in deep gold cable will end down there it will take some time to do it , market is waiting for NFP then the big move come in
  • #234,934
  • Jul 1, 2010 4:01am Jul 1, 2010 4:01am
chart and indi works on m15 enjoy
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 TIME II (VBO).mq4   38 KB | 279 downloads
  • #234,935
  • Jul 1, 2010 4:03am Jul 1, 2010 4:03am
Quoting newbie_fx
An area of confluence of about 10-14 pips. Will probably stall the PA for a while.
1.4872 turned out to be a major support level. Lets see if it holds.
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  • #234,936
  • Jul 1, 2010 4:09am Jul 1, 2010 4:09am
Pull back did not stop at UTL so short @ 1.4930

D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #234,937
  • Jul 1, 2010 4:11am Jul 1, 2010 4:11am
http://askafo.com/july2010p/172010gu-4654eg.PNG
A little beginner trader since 2006
  • #234,938
  • Jul 1, 2010 4:20am Jul 1, 2010 4:20am
still we are in the same play cable under the 200 in h1 enjoy the ride
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  • #234,939
  • Jul 1, 2010 4:22am Jul 1, 2010 4:22am
Well, she broke the channel and she is unsure, as expected really not every day one breaks a channel. I am still biased short on this pair, and am riding the M5 waves, never did take a LO trade on cable, focused on fibre instead. Next intermediate target for me is 4865, a pretty high probability setup based on the lTL of the channel forming support and she needs to have a go now to make a move inside the channel to determine whether this is a full blown retracement or a parallel channel forming in a bullish direction. I am holding back on an opinion just for now until we have seen a confirmation either way.
  • #234,940
  • Jul 1, 2010 4:25am Jul 1, 2010 4:25am
Quoting kill56
chart and indi works on m15 enjoy
thankyou for the indi,but i cant see those box on my chart
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