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Cable Update (GBPUSD)

  • #288,961
  • Sep 16, 2011 8:04pm Sep 16, 2011 8:04pm
Quoting ovaforty
I placed a fib on the stop hunt from the low of 1.2066 to the high of 1.2226, as seen on the hourly chart for gbp/jpy (Geppy) to give a clearer picture of possible support/resistance.
My God... your indicators.... how should i read those Emas...?
  • #288,962
  • Sep 16, 2011 8:11pm Sep 16, 2011 8:11pm
Quoting adianto
My God... your indicators.... how should i read those Emas...?
yellow= 5 sma close price
orange-red = 5 sma open price
White = 5 sma high and low
blue= 14 sma
green = 22 sma
Brown = 55 sma
aqua=100 sma
red = 200 sma
pink= 300 sma
purple = 400 sma

sma = simple moving average (set to close price) the average closing price of the previous x number of candles.

Hope this helps.
  • #288,963
  • Sep 16, 2011 8:17pm Sep 16, 2011 8:17pm
Quoting ovaforty
I hope that I have been able to satisfy your question.

Thank you for answering my question. Your analysis was much more than I expected and very much appreciated. Charts are bearish, risk aversion is on. We have an inside bar on the daily chart. We shall see which way she breaks next week.

skillwill
The Will is Greater than the Skill
  • #288,964
  • Sep 16, 2011 8:38pm Sep 16, 2011 8:38pm
(a) in bull area
(b) in bear area
not euphoria follower
  • #288,965
  • Sep 16, 2011 8:44pm Sep 16, 2011 8:44pm
Quoting iqyu5an
(a) in bull area
(b) in bear area
Which pair are you referring to? Is your question directed to me? I am not trying to hijack this thread by any means. My goal is to help and teach, as is the goal of the other excellent traders here, I would assume.
  • #288,966
  • Sep 16, 2011 8:59pm Sep 16, 2011 8:59pm
Quoting ovaforty
Which pair are you referring to? Is your question directed to me? I am not trying to hijack this thread by any means. My goal is to help and teach, as is the goal of the other excellent traders here, I would assume.
I am all ears!

Here's my view on the pair. A double bottom on GBP/JPY is a definite possibility. However, there is no sign of bullish reversal in the HTF yet. Monthly and weekly still shows that sellers are in control. I think 120 is a very good place to watch for bullish PA but it all depends on how 121 plays out...
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  • #288,967
  • Sep 16, 2011 9:05pm Sep 16, 2011 9:05pm
Quoting biDc
I am all ears!

Here's my view on the pair. A double bottom on GBP/JPY is a definite possibility. However, there is no sign of bullish reversal in the HTF yet. Monthly and weekly still shows that sellers are in control. I think 120 is a very good place to watch for bullish PA but it all depends on how 121 plays out...
I think you nailed it.
  • #288,968
  • Sep 16, 2011 9:08pm Sep 16, 2011 9:08pm
this is for any pair / commodity / etc bro ....

but coz this is cable thread ... may be you could answer it using cable ( if you don't mind .. )

sorry not directed to you but if you wanna give me explanation, really appreciate it and thank before ...

Quoting ovaforty
Which pair are you referring to? Is your question directed to me? I am not trying to hijack this thread by any means. My goal is to help and teach, as is the goal of the other excellent traders here, I would assume.
not euphoria follower
  • #288,969
  • Sep 16, 2011 10:16pm Sep 16, 2011 10:16pm
Quoting iqyu5an
(a) in bull area
(b) in bear area
I don't know the answer to that question.
  • #288,970
  • Sep 17, 2011 1:41am Sep 17, 2011 1:41am
1) where is the bottom/top ?
2) where is the hydrocarbon trap ?

they're in our mind and will be always different between one to another
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not euphoria follower
  • #288,971
  • Sep 17, 2011 2:03am Sep 17, 2011 2:03am
Kweku Adoboli, a 31-year old City trader at UBS, suspected of carrying out Britain’s biggest banking fraud was arrested at his desk after posting an internet message saying: “I need a miracle.”

source :
http://www.telegraph.co.uk/finance/n...UBS-1.3bn.html
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not euphoria follower
  • #288,972
  • Sep 17, 2011 2:22am Sep 17, 2011 2:22am
$2 billion, can you say that with me, $2 billion....how the hell does an organization allow this to happen....unreal especially since there have been recent cases of rouge traders, you would think that there would be massive oversight on the individuals trading funds for major institutions...

Just goes to show education doesn't mean shit and when investing your money it is best to do your own homework as the hedge fund/bank may just have a monkey throwing darts at a board deciding which investment vehicle your money will go into....unreal.....
Never been vouched
  • #288,973
  • Sep 17, 2011 3:14am Sep 17, 2011 3:14am
Cable - wel the chart isn't very clear, and we have important data Tues, Merv the swerve on Weds which are going to influence cable in particular. More QE for the UK or not?
4 hr chart price being contained in the shrinking bollie bands, which with cable results in whippy action so I will take my clues from the bankers. Asia still living up to the motto "when in doubt sell cable", but until the ball is back in play its all guesswork.
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  • #288,974
  • Edited 4:34am Sep 17, 2011 4:23am | Edited 4:34am
GBP/USD – Bias (MN): Uncertain; Bias (W1): Moderately Bearish; Bias (D1): Bearish; Bias (Overall): Bearish



http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=397
  • #288,975
  • Sep 17, 2011 5:37am Sep 17, 2011 5:37am
Quoting iono
$2 billion, can you say that with me, $2 billion....how the hell does an organization allow this to happen....unreal especially since there have been recent cases of rouge traders, you would think that there would be massive oversight on the individuals trading funds for major institutions...

Just goes to show education doesn't mean shit and when investing your money it is best to do your own homework as the hedge fund/bank may just have a monkey throwing darts at a board deciding which investment vehicle your money will go into....unreal.....
They do laptop now..
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  • #288,976
  • Sep 17, 2011 6:03am Sep 17, 2011 6:03am

Quoting gsantri
They do laptop now..
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not euphoria follower
  • #288,977
  • Sep 17, 2011 3:40pm Sep 17, 2011 3:40pm
GBPUSD Monthly Outlook - Bearish
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If there was easy money lying around,no one would be forcing it into your
  • #288,978
  • Sep 17, 2011 4:02pm Sep 17, 2011 4:02pm
Ok guys. I'm back from short Amsterdam trip, and back to analysis

My view looks like this :

In daily term we are at important point: 38.2 fibo retracment of last strong bullish movement. It is also support set by candle from 12.07. We need to past throught 1.5700 to confirm breaking it. Later next lvl are: 1.5500 and 1.53494. But as we can see, 3 last candles are kinda little high wave candles, which are often sigh of market exhaustion (also RSI indicates it). So i would expect some retracment movement, mayby up to 1.5800/1.5900 befor continuing to fall down. But if the prices would break 1.5900 the next resistance are: 1.6000 and 1.61500 where now is also 200 ema.

At 4 chart we can still see that short term fast bearish trend line (red one) haven't been broken. 200 Ema is also far, so we need to break the trend line/lines, or 1.57000. Monday will show.

Overall im bearish, due to uncertain situation in Europe, and lack of decision about help for Greece at eco-fin.

Here is also my analysis for EU, http://www.forexfactory.com/showthread.php?p=4963147#post4963147 ,



Good luck all with trades!


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  • #288,979
  • Sep 17, 2011 8:24pm Sep 17, 2011 8:24pm
month - end already ?
Quoting FXMindset
GBPUSD Monthly Outlook - Bearish
not euphoria follower
  • #288,980
  • Sep 18, 2011 1:41am Sep 18, 2011 1:41am
Quoting iqyu5an
month - end already ?
At My Chart & In My Eyes Not Yet
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If there was easy money lying around,no one would be forcing it into your
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