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Cable Update (GBPUSD)

  • #260,121
  • Oct 12, 2010 7:21pm Oct 12, 2010 7:21pm
my sentiment for this week is selling this pair on any GBP negative numbers..
  • #260,122
  • Oct 12, 2010 7:40pm Oct 12, 2010 7:40pm
Quoting ARC-ZuluTrad
my sentiment for this week is selling this pair on any GBP negative numbers..
mine is to Buy any dips!
  • #260,123
  • Oct 12, 2010 8:02pm Oct 12, 2010 8:02pm
Quoting Allseeingeye
mine is to Buy any dips!
may i know what you're looking to buy the dip?
IMHO...H4 and below all are looking bearish, but honestly saying daily and weekly are still bullish...is that the reason?
  • #260,124
  • Oct 12, 2010 8:29pm Oct 12, 2010 8:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: gy4.jpg Size: 59 KB
  • #260,125
  • Oct 12, 2010 8:37pm Oct 12, 2010 8:37pm
Attached Image (click to enlarge)
Click to Enlarge Name: tlinegu.png Size: 21 KB


Looks like this is a valid recent trend line break on 4 hours chart. Comments please..
  • #260,126
  • Oct 12, 2010 8:39pm Oct 12, 2010 8:39pm
Quoting Mr.Elliott
may i know what you're looking to buy the dip?
IMHO...H4 and below all are looking bearish, but honestly saying daily and weekly are still bullish...is that the reason?
Because my wave count says so. read what i wrote 3 days ago we are going down to 158-157 area then back up. so far i have been right but we still have a possibility of a new low so i am being carefull, my wave 4 completion hasnt been completed till we break above 1.5866 then i know we are going to 1.60-1.61
  • #260,127
  • Oct 12, 2010 8:53pm Oct 12, 2010 8:53pm
Hi Allseeingye....

looks similar here ( yes absolutely not the same )

http://www.forexfactory.com/showpost...&postcount=746

time will tell.

happy trading all

rgds,iqyu

Quoting Allseeingeye
Because my wave count says so. read what i wrote 3 days ago we are going down to 158-157 area then back up. so far i have been right but we still have a possibility of a new low so i am being carefull, my wave 4 completion hasnt been completed till we break above 1.5866 then i know we are going to 1.60-1.61
not euphoria follower
  • #260,128
  • Oct 12, 2010 8:53pm Oct 12, 2010 8:53pm
Quoting Allseeingeye
Because my wave count says so. read what i wrote 3 days ago we are going down to 158-157 area then back up. so far i have been right but we still have a possibility of a new low so i am being carefull, my wave 4 completion hasnt been completed till we break above 1.5866 then i know we are going to 1.60-1.61
i see...thought of the bulliness of daily and weekly you were looking into buying the dips...i guess you rite thanks anyway....but still H4 is on the verge of bearish bias...so am i.but we'll see what happen...it might flip to bullish...
  • #260,129
  • Oct 12, 2010 8:57pm Oct 12, 2010 8:57pm
Quoting Mr.Elliott
i see...thought of the bulliness of daily and weekly you were looking into buying the dips...i guess you rite thanks anyway....but still H4 is on the verge of bearish bias...so am i.but we'll see what happen...it might flip to bullish...
My 4hr has a dragon fly doji that retraced 50% so that my friend says BULLS ARE BACK!
  • #260,130
  • Oct 12, 2010 9:04pm Oct 12, 2010 9:04pm
My chart says it's oversold.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 22 KB
  • #260,131
  • Oct 12, 2010 9:10pm Oct 12, 2010 9:10pm
Quoting iqyu5an
Hi Allseeingye....

looks similar here ( yes absolutely not the same )

http://www.forexfactory.com/showpost...&postcount=746

time will tell.

happy trading all

rgds,iqyu
  • #260,132
  • Oct 12, 2010 9:27pm Oct 12, 2010 9:27pm
Now watching for rejection.

200EMA M5

http://www.forexfactory.com/showpost...stcount=260101
Attached Image (click to enlarge)
Click to Enlarge Name: 200cable5.jpg Size: 59 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,133
  • Oct 12, 2010 10:10pm Oct 12, 2010 10:10pm
Quoting Magix
Now watching for rejection.

200EMA M5

http://www.forexfactory.com/showpost...stcount=260101
The whole move down was made in 3 wave formations so that means they were retracement waves.
Attached Image (click to enlarge)
Click to Enlarge Name: 3wave.jpg Size: 175 KB
  • #260,134
  • Edited 10:27pm Oct 12, 2010 10:16pm | Edited 10:27pm
Quoting Allseeingeye
The whole move down was made in 3 wave formations so that means they were retracement waves.
They are all retracement waves mango.

Check your 200EMA on your 5m chart...run through the days. It gets hit and crossed 5-8 times per week.

Nothing changes. Money up, money down....

1m 200 below 5m, still a short chart to me, but that don't mean I ain't buying.

And all we really did, was spike up to daily pivot...
Quoting Magix
I got 2 reasons to not hop into anything longer then a scalp short right now on cable...

1 daily pivot @ 1.5826,
2 we have not touched the 5m 200 yet.

Not saying that if the fit hits the shan I won't be in on a trade, just saying that I will be watching those areas like a hawk if we get there.
Attached Image (click to enlarge)
Click to Enlarge Name: dp.jpg Size: 55 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #260,135
  • Oct 12, 2010 10:22pm Oct 12, 2010 10:22pm
Quoting Magix
They are all retracement waves mango.

Check your 200EMA on your 5m chart...run through the days. It gets hit and crossed 5-8 times per week.

Nothing changes. Money up, money down....

1m 200 below 5m, still a short chart to me, but that don't mean I ain't buying.

And all we really did, was spike up to daily pivot...
Great I am not here to compete with egos someone asked me why I said Buy Dips & I explained, also look inside each wave & you can clearly see 3 smaller waves, so we completed the retracement, you can also see what you want! its great, I took it down 180 pips so now I got in at 15775 & sitting pretty adding on dips. I dont scalp!

Plus I dont know what Mango is but its not me!
  • #260,136
  • Oct 12, 2010 10:28pm Oct 12, 2010 10:28pm
Quoting Allseeingeye
My 4hr has a dragon fly doji that retraced 50% so that my friend says BULLS ARE BACK!
Are we expecting to see .5950 by the end of this week? USD seems to be losing strength right after the FED minutes was released.
  • #260,137
  • Oct 12, 2010 10:30pm Oct 12, 2010 10:30pm
Quoting jacob_ice
Are we expecting to see .5950 by the end of this week? USD seems to be losing strength right after the FED minutes was released.
I am more optimistic more like 1.61 by the end of the week
  • #260,138
  • Oct 12, 2010 10:32pm Oct 12, 2010 10:32pm
hey eveybody pls refer to your daily chart, gu is going down this month and it time to open short
BMW 7 series
  • #260,139
  • Oct 12, 2010 10:38pm Oct 12, 2010 10:38pm
Quoting jemi2700
hey eveybody pls refer to your daily chart, gu is going down this month and it time to open short
so if the $ is going down too, where is the cross going? and where did you get this info that G is goin down this month, please? the CPI is still @ 3.1

3:30am GBP
CPI y/y
http://cdn.forexfactory.com/images/m...etail_star.gif 3.1%
3.1%3.1%
  • #260,140
  • Oct 12, 2010 10:38pm Oct 12, 2010 10:38pm
Quoting jemi2700
hey eveybody pls refer to your daily chart, gu is going down this month and it time to open short
Which angle do you view this from? Any supporting facts/charts? I observe anything against USD increasing.
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