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Cable Update (GBPUSD)

  • #285,641
  • Aug 4, 2011 2:13am Aug 4, 2011 2:13am
Quoting delorean
Relax bro. Dont get too emotional. we are currently facing resistance around 6370-80. As long as it doesnt touch 6390, we are still good. In fact im opening up another short position if things goes well.
Agreed...6388'ish, 6390'ish

I'm 'partially bearish' and priced around 1.63588

resistance at 63575 rejected on my 15 min chart.
  • #285,642
  • Aug 4, 2011 2:15am Aug 4, 2011 2:15am
Quoting delorean
Relax bro. Dont get too emotional. we are currently facing resistance around 6370-80. As long as it doesnt touch 6390, we are still good. In fact im opening up another short position if things goes well.
Ive had a trying day... LOL... 6390 is my stop so yes we better not touch it! Might just move it up a tad as its inside the 50 of that downswing...
  • #285,643
  • Aug 4, 2011 2:30am Aug 4, 2011 2:30am
Quoting mdrive
what graphs show snb buying gold? i think they just lowered the interest rate to zero and easy other monetary policy to make chf cheaper. on the assumption it is going for intervention, it put a buying pressure on euro crosses like eurchf and gbpchf made euro and gbp to shoot up.
hmm okay.. then i might be mistaken, but i am pretty confident about swissies buying gold.
  • #285,644
  • Aug 4, 2011 2:30am Aug 4, 2011 2:30am
Quoting Jazznos
Ive had a trying day... LOL... 6390 is my stop so yes we better not touch it! Might just move it up a tad as its inside the 50 of that downswing...
haha.

I noticed that GBPUSD like to bounce off and stick to the xx70's and xx20's. You know, support and resistant. It does not seem to be attracted to xx00's or xx50's as much as a lot of people think.

You should put that into consideration. What do you guys think?
  • #285,645
  • Aug 4, 2011 2:31am Aug 4, 2011 2:31am
Quoting Jazznos
Ive had a trying day... LOL... 6390 is my stop so yes we better not touch it! Might just move it up a tad as its inside the 50 of that downswing...

m30/h1 chart shows 63945 as temporal bounce.
  • #285,646
  • Edited 2:44am Aug 4, 2011 2:31am | Edited 2:44am
G/M

Yesterday's daily candle was a bullish thrust engulfing resulting in a L being printed on that t/f below last HL of it's uptrend, after 3 x HL's...No upside follow thru on that candle (yet?) Price remains above both it's 100sma and 200sma and 100 is above the 200

4hr is mixed re overal;l price action with a bullish tone and 1hr is in an uptrend but the fall from yesterday's 6440 hi has printed a L on that t/f in it's uptrend. 100/200sma's and price's position re them on 4hr is as the Daily and the fall from the yesterday's 6440 hi has found support around the 100/200 sma's on 1hr with 100sma being crossed up thru 200sma but flat...the current pullback lo of that 6440 hi is also @ the 50% of the 6250-6440 move.

I see the following above and below current price with Daily Pivot @/around 6376.

Potential Resistance factors:

The unbreeched fibs of the 6440 -6342 move and:

6386-91 prev minor 1hr swing hi zone
6435-40 prev 1hr/4hr swing hi zone
6459-74 prev 1hr x 3/4hr x 3/daily x 2 swing hi zone
6475-96 previous 4hr swing hi zone
6500 Daily R1 @/around
6515-46 previous 4hr/daily/weekly swing hi zone inc 76.4% 6746-5779 @ 6516, with 6506 = Weekly R1 @/around
6565 Daily R2 @/around
6591 Weekly R2 @/around
6665 Monthly R1 @/around
6690 DailyR3 @/around
6714-46 previous daily/weekly swing hi zone with Weekly R3 @/around 6715
------------------------------------------------
Potential Support factors:
　
6349-43 prev 1hr swing lo zone with 6345=50% 6250-6440
6331 50% 6222-6440
6328-20 prev 1hr/4hr swing hi zone with 6323=61.8% 6250-6440
6314-07 prev 1hr swing hi zone with Daily S1 @/around 6312
6306 61.8% 6222-6440
6295 76.4% 6250-6440
6288-80 prev 1hr swing hi zone
6274 76.4% 6222-6440
6272-63 prev minor 1hr swing lo zone
6257-50 prev 1hr/4hr swing lo zone
6237-22 prev 1hr/4hr/daily sw lo zone with 6222 =Monthly Pivot @/around with 61.8% 6067-6474 @ 6222
6209 38.2% 5779-6474
6195-83 prev 1hr sw hi x 2 zone with 6184 = 61.8% 6003-6474 and 6187 = Daily S2 @/around
6174 Weekly S2 @/around
6164 76.4% 6067-6474
6130-19 prev 1hr/4hr sw lo zone with 6127 = 50% 5779-6474 and 6123=Daily S3 @/around
6115 76.4% 6003-6474
6088 Weekly S3 @/around
6085-68 prev 1hr/4hr sw lo zone
6045 61.8% 5779-6474
6032-132-03 prev daily/4hr sw lo zone
5976 Monthly S1 @/around
5944 76.4% 5779-6474
5914-04 prev minor 4hr swing lo zone
5875-20-5779 prev daily/4hr swing lo zone
　
Uk event risk 123 midday London Uk Boe rate, Qe and statement - all n/c expected.

G/L　
　
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 101 KB
ex member
  • #285,647
  • Aug 4, 2011 2:32am Aug 4, 2011 2:32am
W formation broke, more upside to come: 0.7891 next target (took off 4hr TF 50 EMA)

then 0.8173 100 EMA target, same time frame.

will stall around 0.79943

Quoting Emanuel
Agreed...6388'ish, 6390'ish

I'm 'partially bearish' and priced around 1.63588

resistance at 63575 rejected on my 15 min chart.
  • #285,648
  • Aug 4, 2011 2:33am Aug 4, 2011 2:33am
-
Quoting iqyu5an
Monthly Pivot ( around ) : 6225 will be our support for bull continuation ?
London OPEN : price closed above weekly and daily pivot
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 20 KB
not euphoria follower
  • #285,649
  • Aug 4, 2011 2:39am Aug 4, 2011 2:39am
Overnight BOJ intervention re selling Yen.
ex member
  • #285,650
  • Aug 4, 2011 2:47am Aug 4, 2011 2:47am
Hidden divergence building on 1hr...will we see some upside follow thru on yesterday's daily thrust engulfing candle ?

G/L
Attached Image (click to enlarge)
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ex member
  • #285,651
  • Aug 4, 2011 2:48am Aug 4, 2011 2:48am
my bad... i thought you were talking about usd/chf - i figured that to be a weird post you made since it was on the wrong thread...

sorry about that Emanuel

Quoting SystemFX2011
W formation broke, more upside to come: 0.7891 next target (took off 4hr TF 50 EMA)

then 0.8173 100 EMA target, same time frame.

will stall around 0.79943
  • #285,652
  • Edited 3:12am Aug 4, 2011 2:58am | Edited 3:12am
today is going to be very interesting..i didnt expect this

gbp stregth is gone though the roof and intervention is happening otherwise USD would have been finished..or have i got this back to front??

any1..

the two giant are battling it out
  • #285,653
  • Aug 4, 2011 3:03am Aug 4, 2011 3:03am
Dark Cloud Cover thrust candle now closed on 1hr

G/L
ex member
  • #285,654
  • Aug 4, 2011 3:07am Aug 4, 2011 3:07am
Quoting nAVIN2007
today is going to be very interesting..i didnt expect this
I did
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #285,655
  • Aug 4, 2011 3:10am Aug 4, 2011 3:10am
Quoting stulic
I did

i didnt expect pound strength to go up..it gone up same pace as usd, cable would have tanked otherwise, makes me thing, what the hell is going on today
Attached Image (click to enlarge)
Click to Enlarge Name: cable1.jpg Size: 106 KB
  • #285,656
  • Aug 4, 2011 3:17am Aug 4, 2011 3:17am
1hr ascending t/line and 50% 6222-6440 holding for now

G/L
ex member
  • #285,657
  • Aug 4, 2011 3:18am Aug 4, 2011 3:18am
Hi

IMHO 1.6312-15 area, then up again
  • #285,658
  • Aug 4, 2011 3:26am Aug 4, 2011 3:26am
Why 6312-15 ?

Quoting Tatbat
Hi

IMHO 1.6312-15 area, then up again
ex member
  • #285,659
  • Aug 4, 2011 3:27am Aug 4, 2011 3:27am
Quoting Tatbat
Hi

IMHO 1.6312-15 area, then up again
the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: cable 1H set up.gif Size: 153 KB
  • #285,660
  • Aug 4, 2011 3:33am Aug 4, 2011 3:33am
Quoting bbmac
Why 6312-15 ?
I expect the third touch of the trendline
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