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Cable Update (GBPUSD)

  • #271,781
  • Feb 12, 2011 5:13am Feb 12, 2011 5:13am
Bearish engulfing on the daily chart as shown below.
White lines are possible targets ( of course long term = daily chart ).
1.6000 is still they key,once closed below we should see a solid drop.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 26 KB
Hero calls followed by margin calls...
  • #271,782
  • Feb 12, 2011 5:33am Feb 12, 2011 5:33am
Quoting manize
Went long, target 1.6130/50 !

And I think you are in loss. Aren't you
I had the same plan but I refused since I saw a MA cross.

I think it will drop more so be careful.
  • #271,783
  • Feb 12, 2011 6:49am Feb 12, 2011 6:49am
http://www.forexfactory.com/showpost...stcount=271069

again..same view...possible Monday close below 1.598 where another 300-400pips down the road from this area.....if this happen, i would not suprice to see the collapse of GBPUSD and EURUSD until Sept 2011 for min 1000pips under water....

so let focus phase by phase n watch how it react....for long, just a reminding. Its is not a good idea atm...scalping should be fine...

as always i could be wrong and enjoy ur weekend and happy pippin...

p/s: Next week i will join GU, EY as well as Gold only...
  • #271,784
  • Feb 12, 2011 6:59am Feb 12, 2011 6:59am
Quoting PhAnTi'
Bearish engulfing on the daily chart as shown below.
White lines are possible targets ( of course long term = daily chart ).
1.6000 is still they key,once closed below we should see a solid drop.

Attachment
forget about daily bro....it's just a matter of time

should now look n focus at ur weekly and monthly tho.....

take care..

g
  • #271,785
  • Feb 12, 2011 7:12am Feb 12, 2011 7:12am
Quoting grashid
http://www.forexfactory.com/showpost...stcount=271069

again..same view...possible Monday close below 1.598 where another 300-400pips down the road from this area.....if this happen, i would not suprice to see the collapse of GBPUSD and EURUSD until Sept 2011 for min 1000pips under water....

so let focus phase by phase n watch how it react....for long, just a reminding. Its is not a good idea atm...scalping should be fine...

as always i could be wrong and enjoy ur weekend and happy pippin...

p/s: Next week i will...
grashid, thanks for your statement.

i will sell below 1.6000.
anyway cloggie told me that you are ma gold man
i guess we should buy the dips now?
whats ur opinion?

awful
Phanti
Hero calls followed by margin calls...
  • #271,786
  • Feb 12, 2011 7:16am Feb 12, 2011 7:16am
Quoting PhAnTi'
grashid, thanks for your statement.

i will sell below 1.6000.
anyway cloggie told me that you are ma gold man
i guess we should buy the dips now?
whats ur opinion?

awful
Phanti
np
buy dip? u mean gold?...if gold = not yet...perhaps i could tell u later when
  • #271,787
  • Feb 12, 2011 7:19am Feb 12, 2011 7:19am
Quoting grashid
np
buy dip? u mean gold?...if gold = not yet...perhaps i could tell u later when
yep, refering to your last post talking about playing gold and cable only... so i thought u have special line for gold next week : ]


PhanTi
Hero calls followed by margin calls...
  • #271,788
  • Feb 12, 2011 7:21am Feb 12, 2011 7:21am
Quoting PhAnTi'
yep, refering to your last post talking about playing gold and cable only... so i thought u have special line for gold next week : ]


PhanTi
..offcause
  • #271,789
  • Feb 12, 2011 7:43am Feb 12, 2011 7:43am
Quoting grashid
..offcause
alright.
let me know for gold entries


ph.
Hero calls followed by margin calls...
  • #271,790
  • Edited 8:45am Feb 12, 2011 8:15am | Edited 8:45am
On the weekly..

UTL 5Nov. 2007/14July2008
LTL 7Jun.2010/27 Dec. 2010

Confluence with Supply as i see 16035-16334.

Good for bears:200 ema broke above UTL 20 Dec. 2011
Bad for bears price respected LTL on the same day

I dont see any established direction . I will be trading what i see off the M30 ( thanks Gsantri) drilling down to the M1. Keeping eye on DX.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX GBP_USD (11-FEB-11).png Size: 11 KB
All systems of divination, like music itself,work through patterns.
  • #271,791
  • Feb 12, 2011 9:58am Feb 12, 2011 9:58am
Quoting PhAnTi'
alright.
let me know for gold entries


ph.
The following is my view on Gold

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 49 KB
  • #271,792
  • Feb 12, 2011 10:33am Feb 12, 2011 10:33am
seemed to all agree, if GU will go down next week
only an analysis, and I'm always wrong, don't follow me,
  • #271,793
  • Edited 2:24pm Feb 12, 2011 1:32pm | Edited 2:24pm
Quoting grashid
forget about daily bro....it's just a matter of time

should now look n focus at ur weekly and monthly tho.....

take care..

g
Hi grashid,

Would you please check my post about the bearish sentiment and potential targets. I had specified three days ago about short targets and 2 of them are fulfilled. Also I has specified long opp. for risky appetite traders abobe 1.597 and also it succeeds for target of 60 pips. Your opinion is important. Thank you in advance.

Post : http://www.forexfactory.com/showthre...02#post4391202 - Bearish attachment: http://www.forexfactory.com/attachment.php?attachmentid=637910&d=Feb%2011
Post 2: http://www.forexfactory.com/showthre...86#post4391286 - Long opp: http://www.forexfactory.com/attachme...928&d=Feb%2011
  • #271,794
  • Feb 12, 2011 9:13pm Feb 12, 2011 9:13pm
GBPUSD - possible Wave 5?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD posible Wave 5.PNG Size: 42 KB
  • #271,795
  • Feb 12, 2011 10:09pm Feb 12, 2011 10:09pm
Quoting clc4x
GBPUSD - possible Wave 5?

Attachment
I will be VERY cautious on terminal wave count on WAVE 5.
1. It broke the trendline support
2. It also broke down descending triangle.
3. $ index seems to be strong which broke out ascending triangle.

As above reason, I would be cautions on Long gbpusd pair.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 119 KB
Click to Enlarge Name: dx.jpg Size: 120 KB
  • #271,796
  • Feb 12, 2011 10:14pm Feb 12, 2011 10:14pm
Quoting surewin888
I will be VERY cautious on terminal wave count on WAVE 5.
1. It broke the trendline support
2. It also broke down descending triangle.
3. $ index seems to be strong which broke out ascending triangle.

As above reason, I would be cautions on Long gbpusd pair.
Nicely done!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #271,797
  • Feb 13, 2011 7:32am Feb 13, 2011 7:32am
Quoting PoundTrader
im short 1.6115 and 1.6078, t/p 1.5500
im still short 1.6115 and 1.6078, t/p 1.5500. im a much longer trader then most of you guys
  • #271,798
  • Feb 13, 2011 10:29am Feb 13, 2011 10:29am
Quoting Pkurdy
Very thanks to your reply.
Forgive me as I do not understand the terms PA, T/A, F, errm, and wuz.
I am trying to do my best.
Thanks for advise, please keep doing that. I am always listening.
Please forgive me for not replying sooner. I tried to Pm you.
PA = price action.
T/A = tecnical analysis
F/A= fundermental analysis
All systems of divination, like music itself,work through patterns.
  • #271,799
  • Feb 13, 2011 10:44am Feb 13, 2011 10:44am
Quoting PoundTrader
im still short 1.6115 and 1.6078, t/p 1.5500. im a much longer trader then most of you guys
good position,,
already profit lots,,
hopefully this week TP,
only an analysis, and I'm always wrong, don't follow me,
  • #271,800
  • Feb 13, 2011 11:16am Feb 13, 2011 11:16am
Quoting andelumut
good position,,
already profit lots,,
hopefully this week TP,

never ever.
Hero calls followed by margin calls...
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