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Cable Update (GBPUSD)

  • #292,461
  • Nov 14, 2011 3:42am Nov 14, 2011 3:42am
Quoting iqyu5an
what party ?
The bear market party
Trader from Croatia
  • #292,462
  • Nov 14, 2011 3:44am Nov 14, 2011 3:44am
oh ...
Quoting Geene
The bear market party
not euphoria follower
  • #292,463
  • Nov 14, 2011 3:56am Nov 14, 2011 3:56am
Wow, walk away from the comp for an hr, and what a strong down move.
Anyway, adjusting my stop to 1.6010 with the target of 1.5785.
The way I see it from the price action is that it now has came back into the consolidation phase (HR1) from last friday before breakout. This is bearish indication and expect it to go lower.
  • #292,464
  • Nov 14, 2011 3:56am Nov 14, 2011 3:56am
price pretty much 'fell off the edge of a cliff' ...now at 114% of it's 20day atr.

G/L
ex member
  • #292,465
  • Nov 14, 2011 3:57am Nov 14, 2011 3:57am
interesting to note that the 85.4 fib of the previous weeks range
held 2 weeks ago (chart 1), currently another 85.4 fib doing the same again this time on last weeks range (chart 2)...

history repeating?

Attached Image


Attached Image
  • #292,466
  • Edited 4:30am Nov 14, 2011 4:13am | Edited 4:30am
5922 supports the downside for now...Below that current daily lo;

5920 76.4% 5867-6092
5913 Weekly S1 @/around
5902-5894 prev 1hr/4hr sw lo zone
5878-67 prev 1hr/4hr sw lo zone incl 5868 = 61.8% 5681-6165
5853 50% 5541-6165
5855-5823-5818 prev 4hr/daily sw hi zone incl 5835= 61.8% 5629-6165, 5833 = Monthly Pivot @/around, 5824=38.2% 5270-6165
5819 Daily S2 @/around
5794 76.4% 5681-6165
5781-5752 prev 4hr sw lo zone incl 5781=61.8% 5541-6165, 5762 = Weekly S2 @/around and 5757 = 76.4% 5629-6165
5747 Daily S3 @/around
5718 50% 5270-6165
5704-5681 prev 4hr sw lo zone incl 5689 = 76.4% 5541-6165
5660-5629 prev 4hr/daily sw lo zone and prev dly sw hi zone incl 5657 = Weekly S3 @/around
5613 61.8% 5270-6165

G/L
ex member
  • #292,467
  • Nov 14, 2011 4:30am Nov 14, 2011 4:30am
85.4 at the low on the h4...

Attached Image
  • #292,468
  • Nov 14, 2011 4:34am Nov 14, 2011 4:34am
nice PB candle closes on 15min and 30min at the lows...both closed outside the 20bol shown below on 30min.

outa here

G/L
Attached Image
ex member
  • #292,469
  • Nov 14, 2011 4:35am Nov 14, 2011 4:35am
Quoting _BBKing_
5850-5880 stronger
My win
1:0
Trader from Croatia
  • #292,470
  • Nov 14, 2011 5:17am Nov 14, 2011 5:17am
i'm looking for a rebound near the h4 bullish trendline at 5915. Am I at the same frequency as everyone else?
  • #292,471
  • Nov 14, 2011 6:22am Nov 14, 2011 6:22am
if it's gonna turn, it will range first right? No need to rush.. I'm already in, but personally, i think it's not yet to long and will cut the pos if necessary since i was expected it is to be the bottom. I don't like to position my self in negative for too long..

Anyway, my bias remain bullish as long as 5885 is not taken out which is the low of the doji/range in 4h.

Later guys..
  • #292,472
  • Nov 14, 2011 6:26am Nov 14, 2011 6:26am
In the meantime, I follow closely how the swissy retest the low of the range of dojis..
Attached Image (click to enlarge)
Click to Enlarge Name: swissy1.gif Size: 32 KB
  • #292,473
  • Nov 14, 2011 6:47am Nov 14, 2011 6:47am
Quoting A-speculator
if it's gonna turn, it will range first right? No need to rush.. I'm already in, but personally, i think it's not yet to long and will cut the pos if necessary since i was expected it is to be the bottom. I don't like to position my self in negative for too long..

Anyway, my bias remain bullish as long as 5885 is not taken out which is the low of the doji/range in 4h.

Later guys..
Agreed, will wait for NY before deciding whether 5885 or 5915 would hold
  • #292,474
  • Nov 14, 2011 7:01am Nov 14, 2011 7:01am
Quoting jayjb
Agreed, will wait for NY before deciding whether 5885 or 5915 would hold
5885 is still far away mate, she's not even tested 5900 yet which is not good if it's get there for the bull because the high of the range of dojis in 4h ~5935 (assuming it's a breakout retest pattern). Hopefully, it will not get more than that ( i mean it wont close more than 5935 in 4h )
  • #292,475
  • Nov 14, 2011 8:20am Nov 14, 2011 8:20am
Quoting A-speculator
5885 is still far away mate, she's not even tested 5900 yet which is not good if it's get there for the bull because the high of the range of dojis in 4h ~5935 (assuming it's a breakout retest pattern). Hopefully, it will not get more than that ( i mean it wont close more than 5935 in 4h )
Boy am I going to short this f***** if it breaks 1.5900 and retests anywhere between 1.5880 and 1.59. You don't need a chart to see the triple top. This pair bit me on the bum last week and I'm still sore.
Gone to a better place
  • #292,476
  • Nov 14, 2011 8:24am Nov 14, 2011 8:24am
GU update
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  • #292,477
  • Nov 14, 2011 8:33am Nov 14, 2011 8:33am
long .. stoploss 1.5887
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #292,478
  • Nov 14, 2011 8:39am Nov 14, 2011 8:39am
Quoting smikester
Boy am I going to short this f***** if it breaks 1.5900 and retests anywhere between 1.5880 and 1.59. You don't need a chart to see the triple top. This pair bit me on the bum last week and I'm still sore.
LOL.. patience mate..

I don't see how it can move down, maybe it will.. but the swissy and the fiber seems like no no to downside..

Time will tell mate..
  • #292,479
  • Nov 14, 2011 8:41am Nov 14, 2011 8:41am
Quoting A-speculator
LOL.. patience mate..

I don't see how it can move down, maybe it will.. but the swissy and the fiber seems like no no to downside..

Time will tell mate..
What i mean is, seems like swissy will go down, eu will move up and eventually cable will follow..
  • #292,480
  • Nov 14, 2011 8:54am Nov 14, 2011 8:54am
Quoting Geene
My win
1:0
day not ended yet.
5907 actual lowest
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