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Cable Update (GBPUSD)

  • #291,181
  • Oct 25, 2011 9:54am Oct 25, 2011 9:54am
Quoting nAVIN2007
ignore the very top line


my target projection is 1.7..looking at monthly chart..lets see

Hello everyone and Navin2007 - I hope everyone has been having success with Cable. And to you Navin2007 - great patients on your trade - I am glad that it is moving in your direction. As I posted a week ago - I have stepped aside from Cable as I am in a long term position with Natural Gas - Still holding with nice profits - just waiting for all the stars and planets to align for the big move north. There has been a nice moves in Cable but with all of the news coming out you could get really whipped around unless you were holding a position like Navin - That is why I switched over the Nat Gas as this is the time of year to buy - but you have to have the right timing.

Just wanted to check in and say hello to everyone - happy trading.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #291,182
  • Oct 25, 2011 10:04am Oct 25, 2011 10:04am
price appears to be going for a re-test of 16020...i'm now waiting on usdx to fall through daily roll (NY) which i have at 7634
Attached Image(s) (click to enlarge)
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All systems of divination, like music itself,work through patterns.
  • #291,183
  • Oct 25, 2011 10:27am Oct 25, 2011 10:27am
Quoting kaspopsicle
price appears to be going for a re-test of 16020...i'm now waiting on usdx to fall through daily roll (NY) which i have at 7634
Re-cap on previous posts...since Sunday...Price is battling between 15950 and 16020. Wonderful scalping ground...scalp manual, know your levels and do it clean. Check your candles for wicks top and bottom,check mtf constantly for potential change in trend. The trend is up on all time frames...M5 up...M5 could change but check your H4.
KX
All systems of divination, like music itself,work through patterns.
  • #291,184
  • Oct 25, 2011 11:14am Oct 25, 2011 11:14am
Quoting kaspopsicle
Absolutely, these mofu's are crazy...but they fascinate me. I been trying to get away from comp. since yesterday but this sort of PA keeps me glued. Thanks Fontu.
Compose before but failed posting "
You are familiar with the mofu action then . now see if this 4th wave is now fixed , not before the break the top though then mofu also be in fixed shape with 5th may hit 6043 & further extension 5th may up continue but as the not ranges enough the extent of accumulation might be limited & bull may fuse early than may thought . anyway still up only in the scene .
fontu "

price still there at pullback areas I see so a llittle pullback 5988 to up & if fail top then some more down to have a new 4 & up again next but if form a double top then over up possible still limit down there though 5911-5900 . ranging there still , or continue break the top in the 5th last of the last as far as it can go.

fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd29.gif Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,185
  • Oct 25, 2011 11:19am Oct 25, 2011 11:19am
This turd is a buy, it doesn't move during short pressure and runs up during consolodation... I can easily see this would move 100 pips when there's a 50 pip retrace on AU or EU.
  • #291,186
  • Oct 25, 2011 11:28am Oct 25, 2011 11:28am
we can c 1.6050 ?
i know we eventually will be together
  • #291,187
  • Oct 25, 2011 12:15pm Oct 25, 2011 12:15pm
Quoting smart boy
we can c 1.6050 ?
My trendlines and 200ema tell me 6135? Def still bullish, long rushes are more agressive than shorts right now. Would have expected a more agressive downturn at 1.6 than we have go. The Bulls are determined.
Come with me if you want to live....
  • #291,188
  • Oct 25, 2011 12:17pm Oct 25, 2011 12:17pm
image
Quoting Ill-b-back
My trendlines and 200ema tell me 6135? Def still bullish, long rushes are more agressive than shorts right now. Would have expected a more agressive downturn at 1.6 than we have go. The Bulls are determined.
Attached Image (click to enlarge)
Click to Enlarge Name: 6135.gif Size: 22 KB
Come with me if you want to live....
  • #291,189
  • Edited 12:32pm Oct 25, 2011 12:17pm | Edited 12:32pm
Quoting smart boy
we can c 1.6050 ?
May be but not so straight if not failed at top next .see pa , legs may extend or shorten .

checking my usdchf & usdjpy views , working niceley with risk aversion to gold up & other usd pairs against it also more or less. if continue work then eu, gu & gold may continue up for few days .

No more watching without any significant trading , see you all next day morning.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd29.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,190
  • Oct 25, 2011 12:31pm Oct 25, 2011 12:31pm
Quoting fontu
Compose before but failed posting "
You are familiar with the mofu action then . now see if this 4th wave is now fixed , not before the break the top though then mofu also be in fixed shape with 5th may hit 6043 & further extension 5th may up continue but as the not ranges enough the extent of accumulation might be limited & bull may fuse early than may thought . anyway still up only in the scene .
fontu "

price still there at pullback areas I see so a llittle pullback 5988 to up & if fail top then some more down to have a new 4 & up again next...
i see the mid price between s/r...the middle line between support and resistance, on any tf as something to be taken note of...as with the middle line between pivots and S/D. I draw in daily, weekly and monthly pivots, typically taken from NY rollover. I use static lines with great reliance on the dynamics of 200ema on cable and the 50 on eur. Becauseof all that going on i do fibs on another set of charts which i rarely look at. Your input is , therefore, much appreciated as it provides me with the opportunity to observe confluence without going cross eyed. Thanks again.
All systems of divination, like music itself,work through patterns.
  • #291,191
  • Oct 25, 2011 12:55pm Oct 25, 2011 12:55pm
Quoting fontu
May be but not so straight if not failed at top next .see pa , legs may extend or shorten .

checking my usdchf & usdjpy views , working niceley with risk aversion to gold up & other usd pairs against it also more or less. if continue work then eu, gu & gold may continue up for few days .

No more watching without any significant trading , see you all next day morning.
fontu
ty
i know we eventually will be together
  • #291,192
  • Oct 25, 2011 2:03pm Oct 25, 2011 2:03pm
this kind of pattern near against a resistance level...
uhm...
be careful buying.

sincerely i closed last long near 6015.
i expext a move down.
if goes up possible entry on faster TF consolidation of 6015.20.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 22 KB
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  • #291,193
  • Oct 25, 2011 9:18pm Oct 25, 2011 9:18pm
sooo ? wake up
i know we eventually will be together
  • #291,194
  • Oct 25, 2011 10:03pm Oct 25, 2011 10:03pm
Is anyone in for longs to 5990?
Quoting smart boy
sooo ? wake up
Come with me if you want to live....
  • #291,195
  • Oct 25, 2011 10:05pm Oct 25, 2011 10:05pm
Quoting _BBKing_
this kind of pattern near against a resistance level...
uhm...
be careful buying.

sincerely i closed last long near 6015.
i expext a move down.
if goes up possible entry on faster TF consolidation of 6015.20.
will go down again ?
i know we eventually will be together
  • #291,196
  • Edited 11:04pm Oct 25, 2011 10:15pm | Edited 11:04pm
Morning , so small wave 3 if actually 3 as it a spike top only , not real , rudimentary 4 fixed now with broken top I see & no strong impulse yet in the last 5th of the 5th extension mou yet . anyway with top broken can expect 6058 test( or may not be any importance this level , mofu may change shape again with more ranges ) to 6122, can be real 3 if fail here to correct before up & if breaks again towards 61++. failure if then should at 6058 or now . lets play it first .scalping plan correct down at top towards 6021 to buy for 6058 , short next towards 6000-5963 & then long if all ok .
what if now breaks below 6021 ? will see as great failure perhaps imminent . too early sign though .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd29.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #291,197
  • Oct 25, 2011 10:28pm Oct 25, 2011 10:28pm
we just watch wanna c 1.61
i know we eventually will be together
  • #291,198
  • Oct 25, 2011 10:37pm Oct 25, 2011 10:37pm
Quoting _BBKing_
this kind of pattern near against a resistance level...
uhm...
be careful buying.

sincerely i closed last long near 6015.
i expext a move down.
if goes up possible entry on faster TF consolidation of 6015.20.
seems like i was wrong.
90% of traders use TA, indicators and prediction
  • #291,199
  • Oct 25, 2011 10:40pm Oct 25, 2011 10:40pm
Quoting _BBKing_
seems like i was wrong.
or better... partially wrong
shown below m5 chart move to near 6015 to 6040
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 33 KB
90% of traders use TA, indicators and prediction
  • #291,200
  • Oct 25, 2011 10:45pm Oct 25, 2011 10:45pm
oh well
good morning everyone.

buyers are hiding take profits and reloads.
maybe yesterday's fast moves during NY can tell something about.

fact is that there are a lot of things to do on lower prices.
question is: when will price come back to re test those levels? 5860 first...
answer is: could also go back down in 2014.

1.6000 line gave a rejection to 5920 then price still here and above it.
was supposed to find supply and it didnt. next major level is near 6100.

so, lets see what hapens today.
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