stfu Navin, what the heck do you know
if we close below 1.64..we going back down..lol
Cable Update (GBPUSD)
- #285,321
- Jul 29, 2011 11:49am Jul 29, 2011 11:49am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
if we close below 1.64..we going back down..lol
- #285,323
- Jul 29, 2011 11:57am Jul 29, 2011 11:57am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
To 6300? I am waiting there to go for long again)
actually i was looking at below 1.6
but it appears we have such a big magnitude event like USD default and obama say "if we default- nobody gets benefits"
market swallowed all the buys (usd buys)
the idiot man!
usd retesting its support..may hold or go lower..will be interesting to see where we close but technically a close on GU below 1.64..i still think down
i feel for those who rely on benefits
actually i was looking at below 1.6
but it appears we have such a big magnitude event like USD default and obama say "if we default- nobody gets benefits"
market swallowed all the buys (usd buys)
the idiot man!
usd retesting its support..may hold or go lower..will be interesting to see where we close but technically a close on GU below 1.64..i still think down
i feel for those who rely on benefits
Before that, I would look to buy cable again on dips, just plan thou, chart will tell
- #285,325
- Jul 29, 2011 12:21pm Jul 29, 2011 12:21pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
August 2 will be the deadline for Congress to raise the debt ceiling in U.S, maybe we can see some clear point what will going on.
Before that, I would look to buy cable again on dips, just plan thou, chart will tell
no doubt
- #285,327
- Jul 29, 2011 7:59pm Jul 29, 2011 7:59pm
- Joined Jul 2010 | Status: Always manage your risk & leverage | 7,339 Posts
not euphoria follower
nice catch on the GBP/USD just a minute ago... anyone catch that W formation
- #285,332
- Jul 30, 2011 4:10am Jul 30, 2011 4:10am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
working on charts....
i drawn main daily levels.
if price will find hourly support near 6380, possible another try to hold above daily upward trendline n breake above where will find 6517-6600 range which is full of strong daily n weekly resistance reasons.
below 6380 will find 6340-6250 range where already price worked out a lot on supports which shown strong.
still not confirmed back the previous downward channel.............
i drawn main daily levels.
if price will find hourly support near 6380, possible another try to hold above daily upward trendline n breake above where will find 6517-6600 range which is full of strong daily n weekly resistance reasons.
below 6380 will find 6340-6250 range where already price worked out a lot on supports which shown strong.
still not confirmed back the previous downward channel.............
90% of traders use TA, indicators and prediction
- #285,333
- Jul 30, 2011 4:19am Jul 30, 2011 4:19am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
while in hourly TF looks like price can go bit more down below 6380.
surely if i see price there near n there will be reaction on up i will buy to try 65's.
opposite if i see reaction on selling it below 6380...
now only need to see where will open tomorrow
surely if i see price there near n there will be reaction on up i will buy to try 65's.
opposite if i see reaction on selling it below 6380...
now only need to see where will open tomorrow
90% of traders use TA, indicators and prediction
- #285,334
- Jul 30, 2011 10:29am Jul 30, 2011 10:29am
working on charts....
i drawn main daily levels.
if price will find hourly support near 6380, possible another try to hold above daily upward trendline n breake above where will find 6517-6600 range which is full of strong daily n weekly resistance reasons.
below 6380 will find 6340-6250 range where already price worked out a lot on supports which shown strong.
still not confirmed back the previous downward channel.............
Looking at your daily, seems to be quite the inverse H & S showing. If so, I would expect price to be rejected near where its at currently to begin forming the right shoulder and possibly move to your 6213 level or below to 61 area. What are your thought on that?
Thank you
Of course this is with debit issues aside, so who knows really
- #285,335
- Jul 30, 2011 2:03pm Jul 30, 2011 2:03pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
BB,
Looking at your daily, seems to be quite the inverse H & S showing. If so, I would expect price to be rejected near where its at currently to begin forming the right shoulder and possibly move to your 6213 level or below to 61 area. What are your thought on that?
Thank you
Of course this is with debit issues aside, so who knows really
i didn't notice this possibility!
could happen! anyway i usually see same things in fast TF (m1-m5-m15) to define entries on a trade: after a b/o of such a channel, should give a back test before going clearly up.
so... what i mean is that if next days price will go down so much, i will search to buy it near those levels. who knows!?! as always everything is possible, so better trade what will happen day by day
90% of traders use TA, indicators and prediction
- #285,336
- Jul 30, 2011 2:07pm Jul 30, 2011 2:07pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
The result is amazing,but based on my trading experience for many years.trade like that is very dangerous.some new traders would be interested with the result but not for the pro one
anyway, looks like he did a nice profitable work!
90% of traders use TA, indicators and prediction
- #285,337
- Jul 31, 2011 2:23am Jul 31, 2011 2:23am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #285,338
- Jul 31, 2011 3:15am Jul 31, 2011 3:15am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Little bird told me that looking for patterns and trendlines in charts at times like these is a futile exercise, fontu is right big spikes as much as drops possible until debt ceiling turmoil ends.
What's particularly interesting about the Friday spike is that it shows investors are favouring the Sterling too with the Yen and the Swiss Franc as a safe haven currency.
Euro is not off the hook by a long shot and commodity high yield risk based currencies like the Aussie and the Loonie have been dumped in favour of the Sterling.
Food for thought, if Washington doesn't solve the bullcrap with a promising solution, I can see cable at 1.700 rather sooner then later
What's particularly interesting about the Friday spike is that it shows investors are favouring the Sterling too with the Yen and the Swiss Franc as a safe haven currency.
Euro is not off the hook by a long shot and commodity high yield risk based currencies like the Aussie and the Loonie have been dumped in favour of the Sterling.
Food for thought, if Washington doesn't solve the bullcrap with a promising solution, I can see cable at 1.700 rather sooner then later
Don't get mad, get even!
- #285,339
- Jul 31, 2011 8:20am Jul 31, 2011 8:20am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
hello all
i was thinkin something simimilar about usdollar etc..
i think usa will increase debt ceiling coz the other way is 'bankrupt'.
but imho is still not time for us dollar to go stronger.
i dont have anymore usdx charts will try today to get again my old avfx account, but i remember lowest price was around 71's. i think usdx will go test lowest areas or find new lowest before any further recover (...)
about GBP i no see good reasons (fundies) to go more up for the moment, but this week there are a lot of data comming up. that 0.2% increase on GDP preliminar was bit unexpected imo, maybe next data will show reasons (manufactury, production, services...).
this year market goes up n down driven by sovereign debt matters, n its hard to define a clear trend for more than some days but we must not forget that GU is above monthly trendline tested near 5800... and we must not forget that with 1GBP we can by more than 1CHF so market still prefering GBP against others.
until GU won't be clearly consolidated above 1.65 (see in d1+w1) won't be able to crash the 1.67 highest.
so now, must first consolidate above 6400 6425 to try the attack to 66's.
a move down is still strongly possible with large range until 62's.
lets see where opens later and where bulls n bears shows
i was thinkin something simimilar about usdollar etc..
i think usa will increase debt ceiling coz the other way is 'bankrupt'.
but imho is still not time for us dollar to go stronger.
i dont have anymore usdx charts will try today to get again my old avfx account, but i remember lowest price was around 71's. i think usdx will go test lowest areas or find new lowest before any further recover (...)
about GBP i no see good reasons (fundies) to go more up for the moment, but this week there are a lot of data comming up. that 0.2% increase on GDP preliminar was bit unexpected imo, maybe next data will show reasons (manufactury, production, services...).
this year market goes up n down driven by sovereign debt matters, n its hard to define a clear trend for more than some days but we must not forget that GU is above monthly trendline tested near 5800... and we must not forget that with 1GBP we can by more than 1CHF so market still prefering GBP against others.
until GU won't be clearly consolidated above 1.65 (see in d1+w1) won't be able to crash the 1.67 highest.
so now, must first consolidate above 6400 6425 to try the attack to 66's.
a move down is still strongly possible with large range until 62's.
lets see where opens later and where bulls n bears shows
90% of traders use TA, indicators and prediction
- #285,340
- Jul 31, 2011 8:26am Jul 31, 2011 8:26am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
last friday i turned on the pc when price already touched 6430.
was moving up down 6390-6410
i was thinkin to pick a short.
but i noticed strong moves from 6390 n 6405 were eating all bears.
so i bought 6410 and went good.
then didn't go anymore below 6400.
this usually means that 6400 line is in bull's hand now.......
nothing sure, but things looks like this!
was moving up down 6390-6410
i was thinkin to pick a short.
but i noticed strong moves from 6390 n 6405 were eating all bears.
so i bought 6410 and went good.
then didn't go anymore below 6400.
this usually means that 6400 line is in bull's hand now.......
nothing sure, but things looks like this!
90% of traders use TA, indicators and prediction