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Cable Update (GBPUSD)

  • #267,161
  • Dec 22, 2010 9:59am Dec 22, 2010 9:59am
ive pulled out from that one after a 25 pip short. well, not really confidence it will push trough 5396. i wmight be wrong tho.
  • #267,162
  • Dec 22, 2010 10:10am Dec 22, 2010 10:10am
Quoting Magix
Same as I have set in nene.tpl.
Ok Thank you my friend
  • #267,163
  • Dec 22, 2010 11:20am Dec 22, 2010 11:20am
Daily now showing a confirmed H&S pattern - possible scenarios now look like a bounce off fairly decent support from early Sep. @ 15350 back up to the neckline (15430-440) or failing that a bounce off the 50% retrace of MAY20 low - NOV4 high @ 15265 back up to new resistance (was support) of 15350 or a combination of these 2 ...

Personally I'm taking a bet on 15350 short term support/price back up to neckline scenario
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  • #267,164
  • Dec 22, 2010 11:29am Dec 22, 2010 11:29am
Quoting chazzle
Daily now showing a confirmed H&S pattern - possible scenarios now look like a bounce off fairly decent support from early Sep. @ 15350 back up to the neckline (15430-440) or failing that a bounce off the 50% retrace of MAY20 low - NOV4 high @ 15265 back up to new resistance (was support) of 15350 or a combination of these 2 ...

Personally I'm taking a bet on 15350 short term support/price back up to neckline scenario
The daily is touching the 200 day MA as well. See what happens here.
You've got to be IN IT to WIN IT!
  • #267,165
  • Dec 22, 2010 11:37am Dec 22, 2010 11:37am
Quoting Ifty
The daily is touching the 200 day MA as well. See what happens here.
Yo Ifty - I got SMA200 on Daily @ 15420/EMA @ 15630 .... my TP a few pips beyond that sma right now ... will keep an eye , etc

be cool bro

2week break coming up (from work) but will check market prices whenever market is open , as I'm sure most here will , no matter what they say
  • #267,166
  • Dec 22, 2010 12:12pm Dec 22, 2010 12:12pm
Quoting chazzle
Yo Ifty - I got SMA200 on Daily @ 15420/EMA @ 15630 .... my TP a few pips beyond that sma right now ... will keep an eye , etc

be cool bro

2week break coming up (from work) but will check market prices whenever market is open , as I'm sure most here will , no matter what they say
It's GU's job to keep us grabbed by the balls to be honest.
You've got to be IN IT to WIN IT!
  • #267,167
  • Dec 22, 2010 12:28pm Dec 22, 2010 12:28pm
Quoting Ifty
It's GU's job to keep us grabbed by the balls to be honest.
And the t*ts, got my 200 ema @15635 on daily.
All systems of divination, like music itself,work through patterns.
  • #267,168
  • Dec 22, 2010 12:36pm Dec 22, 2010 12:36pm
Quoting chazzle
Daily now showing a confirmed H&S pattern - possible scenarios now look like a bounce off fairly decent support from early Sep. @ 15350 back up to the neckline (15430-440) or failing that a bounce off the 50% retrace of MAY20 low - NOV4 high @ 15265 back up to new resistance (was support) of 15350 or a combination of these 2 ...

Personally I'm taking a bet on 15350 short term support/price back up to neckline scenario
Seems like bear has some momentum

I favour touching the all important 50% at 1.5264 before weekend

My average is at 1.5741 so it's all academic at the moment,

as long as broken h&s holds it's all good

Attached Image (click to enlarge)
Click to Enlarge Name: GU.GIF Size: 45 KB
Mind over matter..I don't mind and you don't matter.
  • #267,169
  • Dec 22, 2010 12:46pm Dec 22, 2010 12:46pm
As Wormie said earlier 15300 is the centre of cables universe. I'm with Mr. Chazzle that a bounce is the more likely scenario. Is that what you said?
Attached Image (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #267,170
  • Dec 22, 2010 12:47pm Dec 22, 2010 12:47pm
Quoting kaspopsicle
And the t*ts, got my 200 ema @15635 on daily.
Are you trying to say we all have man b**bs? ....... .
You've got to be IN IT to WIN IT!
  • #267,171
  • Dec 22, 2010 12:49pm Dec 22, 2010 12:49pm
Quoting JuliusCeasar
Seems like bear has some momentum

I favour touching the all important 50% at 1.5264 before weekend

My average is at 1.5741 so it's all academic at the moment,

as long as broken h&s holds it's all good

Attachment
Definately a very important level for sure.
You've got to be IN IT to WIN IT!
  • #267,172
  • Dec 22, 2010 12:51pm Dec 22, 2010 12:51pm
last trade was a short at 5399. Took my 15 and now I'm sitting out. since my charts on all time frames say nothing but downwards movement, I might wait for pa to give a little retrace to short again, but not getting my hopes up. I say window for most to get a trade in has closed for a while,unless you have alot of experience trading during the holidays.I don't, so I'm playing it cautious.Just my 2 cents.
  • #267,173
  • Dec 22, 2010 12:53pm Dec 22, 2010 12:53pm
Quoting Ifty
Are you trying to say we all have man b**bs? ....... .
God i hope not ..who have i been associating with? Thought you were all fitness freaks.. .when not glued to cable.lol
All systems of divination, like music itself,work through patterns.
  • #267,174
  • Dec 22, 2010 1:26pm Dec 22, 2010 1:26pm
1) GU has been bouncing off the 55 day MA (blue line).
2) See the oversold areas on the RSI after which there has been a retrace to the 55 day MA.
3) OR when the stochastics have been overbought it has then moved down. Because the overall trend is down, the RSI has not been going to the overbought level but this is where the stochastic is used instead when determining the change of direction back downwards.

Hope I'm making sense here LOL.

Attached Image (click to enlarge)
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You've got to be IN IT to WIN IT!
  • #267,175
  • Dec 22, 2010 1:40pm Dec 22, 2010 1:40pm
Quoting Ifty
1) GU has been bouncing off the 55 day MA (blue line).
2) See the oversold areas on the RSI after which there has been a retrace to the 55 day MA.
3) OR when the stochastics have been overbought it has then moved down. Because the overall trend is down, the RSI has not been going to the overbought level but this is where the stochastic is used instead when determining the change of direction back downwards.

Hope I'm making sense here LOL.

Attachment
Brilliant sense. Got into your charts with the PSARS but got a bit lost from therein. Thank you for very clear explanation.I've been researching but live reasoning is so much more powerful. Thanks again.
All systems of divination, like music itself,work through patterns.
  • #267,176
  • Dec 22, 2010 1:53pm Dec 22, 2010 1:53pm
Quoting kaspopsicle
Brilliant sense. Got into your charts with the PSARS but got a bit lost from therein. Thank you for very clear explanation.I've been researching but live reasoning is so much more powerful. Thanks again.
Yeh right. Your only saying that because you insulted my man b**bs LOL only joking. As long as it's making some sense then I'm happy with that GL.
You've got to be IN IT to WIN IT!
  • #267,177
  • Dec 22, 2010 1:54pm Dec 22, 2010 1:54pm
hi,

guys I am using the ichimocku charts and I see a pullback to 1.5420-25 but frankly I don't know where you take the 1.5265 value from as my low on the weekely chart is at 1.5298...

I'm pretty sure we will have a pullback to 1.5420 as we have a flat line there attracting the price,RSI and stochs oversold on all TF to 4 H so it has to go there.
Later I really don't know if it will come back down to the 1.5298 to test it ir it will just reverse to go to 1.zillion as the prime minister anounced some time ago that the brit economy will florish next year.
  • #267,178
  • Dec 22, 2010 1:56pm Dec 22, 2010 1:56pm
Quoting redbeben
hi,

guys I am using the ichimocku charts and I see a pullback to 1.5420-25 but frankly I don't know where you take the 1.5265 value from as my low on the weekely chart is at 1.5298...

I'm pretty sure we will have a pullback to 1.5420 as we have a flat line there attracting the price,RSI and stochs oversold on all TF to 4 H so it has to go there.
Later I really don't know if it will come back down to the 1.5298 to test it ir it will just reverse to go to 1.zillion as the prime minister anounced some time ago that the brit economy will florish...
You analysis would look a lot better if was accompanied by your chart....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,179
  • Dec 22, 2010 2:00pm Dec 22, 2010 2:00pm
just one sec to write everything on it
  • #267,180
  • Dec 22, 2010 2:08pm Dec 22, 2010 2:08pm
this is the one for the pull back
Attached Image (click to enlarge)
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