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Cable Update (GBPUSD)

  • #268,481
  • Jan 12, 2011 11:59am Jan 12, 2011 11:59am
Quoting Ctic
Hey Doc,

Yeah, I see it happening anytime from now until March, But like you say and as your chart point out, when it does happen, it will be a big move.

C.
Looks like it's filling in this eliptical bubble and has moved up to
those resistance levels you were talking about earlier, (~1.5750)

Dr. D.


http://cdn.forexfactory.com/attachme...1&d=1294811155
Attached Image
  • #268,482
  • Jan 12, 2011 12:15pm Jan 12, 2011 12:15pm
Quoting GlobalMacro
Lesson learned:
don't open a position when in a hurry & not at your desk!!!
Lololol!!!
  • #268,483
  • Jan 12, 2011 12:38pm Jan 12, 2011 12:38pm
This pattern is repeatable and therefore somewhat predictable
on any tf. Wherever there is a tight gathering of EMAs producing
a nice compression, the PA then often oscillates below and above
the cluster before a breakout. Look to lower tf's to form their own
compression patterns to trigger and preceed the inevitable release.
It takes a concerted effort on several tf's to generate the greatest
energy and produce the maximum moves. If the daily plays out
as it did in 2010 it could result in a move of 1000 - 2000 pips.

Dr. D.
Attached Images
  • #268,484
  • Jan 12, 2011 5:17pm Jan 12, 2011 5:17pm
Anyone have any thoughts on this. Daily GU chart showing a possible H&S with price testing the 76.4 fibo retracement level of last downmove. If we're going to fall, it needs to be from here I think.

Chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
  • #268,485
  • Jan 12, 2011 5:25pm Jan 12, 2011 5:25pm
Quoting ukdaytrader
Anyone have any thoughts on this. Daily GU chart showing a possible H&S with price testing the 76.4 fibo retracement level of last downmove. If we're going to fall, it needs to be from here I think.

Chart.
Attachment
I have 1.5870 as Resistence...and after that 1.6430
Markets are not Random, they are designed!
  • #268,486
  • Jan 12, 2011 5:31pm Jan 12, 2011 5:31pm
Quoting Raza
I have 1.5870 as Resistence...
Hi Raza, yes 5870 bang on is the 0.764 fibo retracement.
Let's see what happens from here. Still looks bullish to me, but we'll soon know.
  • #268,487
  • Jan 12, 2011 5:35pm Jan 12, 2011 5:35pm
Quoting ukdaytrader
Hi Raza, yes 5870 bang on is the 0.764 fibo retracement.
Let's see what happens from here. Still looks bullish to me, but we'll soon know.
4 hr ..1 hr...even Daily looks Over bought...

But weekly has a huge potential UP....so lets see...

G/j seems its going to the Moon as well...
Markets are not Random, they are designed!
  • #268,488
  • Jan 12, 2011 5:42pm Jan 12, 2011 5:42pm
1hr and 4hr on GY also showing strong bearish divergence, so a dip to at least 128.50 WILL come. The question is when. For now though, buying dips looks the more sensible play.
  • #268,489
  • Jan 12, 2011 5:43pm Jan 12, 2011 5:43pm
Quoting chazzle
Hi Ifty - nowt fresh really , just waiting for a nice break below my average short price of 15875 and H&S to emerge on Daily with 500 pips of downside by this time next month muahahahahahaha...........
http://www.forexfactory.com/attachme...7&d=1292322345

Hi UKDT - been on my mind for about a month now...
  • #268,490
  • Jan 12, 2011 6:09pm Jan 12, 2011 6:09pm
Daily-High of DEC14-creating,along with todays (oh ok yesterdays by 5 mins) high a new channel top? I've just gone short with 75 pip stop
Attached Image (click to enlarge)
Click to Enlarge Name: DEC14NCHT.jpg Size: 103 KB
  • #268,491
  • Jan 12, 2011 6:46pm Jan 12, 2011 6:46pm
Quoting chazzle
Daily-High of DEC14-creating,along with todays (oh ok yesterdays by 5 mins) high a new channel top? I've just gone short with 75 pip stop
Hope u correct, i folow u
  • #268,492
  • Jan 12, 2011 7:19pm Jan 12, 2011 7:19pm
targeting 1.5660 area.

uk much better position than europe but, just went up pretty fast without any real support, britain has some nasty problems gbp should go down in the short term.
  • #268,493
  • Jan 12, 2011 7:22pm Jan 12, 2011 7:22pm
Green pips for you all...

http://4.bp.blogspot.com/_eJeoUej2Uk...11+-+Table.png

http://3.bp.blogspot.com/_eJeoUej2Uk...13-01-2011.png
  • #268,494
  • Jan 13, 2011 12:52am Jan 13, 2011 12:52am
http://www.forexfactory.com/showthre...=274182&page=7

Profits:

GBPUSD
Buy 1.5594, Closed 1.5742
Profit + 148 pip

GBPJPY
BUY 129.56, Closed 130.75
Profit + 119 pip

http://img443.imageshack.us/img443/7...0111150gmt.gif
.
http://img687.imageshack.us/img687/7...0111150gmt.gif
  • #268,495
  • Jan 13, 2011 12:58am Jan 13, 2011 12:58am
cable is ranging. cable might head south.
Attached Image (click to enlarge)
Click to Enlarge Name: gb.gif Size: 18 KB
  • #268,496
  • Jan 13, 2011 1:42am Jan 13, 2011 1:42am
Quoting Suryananda
http://www.forexfactory.com/showthre...=274182&page=7

Profits:

GBPUSD
Buy 1.5594, Closed 1.5742
Profit + 148 pip

GBPJPY
BUY 129.56, Closed 130.75
Profit + 119 pip

http://img443.imageshack.us/img443/7...0111150gmt.gif
.
http://img687.imageshack.us/img687/7...0111150gmt.gif

wow, good analys,,
until when you will hold this position,,?
like the GU her strong will to continue to rise,,

happy green pips for u,
only an analysis, and I'm always wrong, don't follow me,
  • #268,497
  • Jan 13, 2011 1:48am Jan 13, 2011 1:48am
GU wont go more than 1.61 until at least Q2'11.........it must go and visit at least 1000-1500m underwater first before that....from below area.

I am not having a real setting yet on GU, just waiting at 1.59770-1.6 area....

http://www.forexfactory.com/showpost...stcount=268292
http://www.forexfactory.com/showpost...stcount=268295

good luck guys

g
  • #268,498
  • Jan 13, 2011 2:01am Jan 13, 2011 2:01am
Quoting chazzle
Daily-High of DEC14-creating,along with todays (oh ok yesterdays by 5 mins) high a new channel top? I've just gone short with 75 pip stop
took another short at 15780 now out of both for 48 in total
  • #268,499
  • Jan 13, 2011 2:25am Jan 13, 2011 2:25am
why cable is down by 60 pips all of a sudden?
  • #268,500
  • Jan 13, 2011 2:47am Jan 13, 2011 2:47am
G/M,

Yestrerday's Hi and Today's current hi 1st test came at the underside of the previous daily ascending trend line confluence around weekly R2 pivot and 76.4% 5911-5343 4hr/daily swing. It followed a 100pullback from 5681 that found support at the previous 4hr swing hi x 2 zone (previous resistance) that saw the with uptrend follow thru to the new trend Hi.
Uk data at 0930am gmt

G/L

http://www.easy-upload.net/fichiers/z.201111394658.gif
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