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Cable Update (GBPUSD)

  • #294,041
  • Dec 5, 2011 2:44pm Dec 5, 2011 2:44pm
Looking for 15min head n shoulders to take my short beyond entry and a temporary new low before staging a new rally.
Come with me if you want to live....
  • #294,042
  • Dec 5, 2011 2:49pm Dec 5, 2011 2:49pm
hello everybody

imo...
pressure down is not yet ended both in GU and EU

what surprised me today is that move up. looks like some one moved price up to pick a better entry short. also called "technical retrace" which i still dont understand what it really means : is it to confirm a supply or to erase a demand?!

anyway better wait this daily candle closing price before any further idea.

i spent some days in bed with 38° fever.
damn north-eastern italian autumn climate! i hate it!
90% of traders use TA, indicators and prediction
  • #294,043
  • Dec 5, 2011 3:04pm Dec 5, 2011 3:04pm
actually hourly chart showing price still unable to close significant candle below daily open (maroon) @5625.
will that line keep holding?
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 15 KB
90% of traders use TA, indicators and prediction
  • #294,044
  • Dec 5, 2011 3:24pm Dec 5, 2011 3:24pm
similar pattern in EU but different level of strenghten than Gu.
already lost daily pivot and opening price, possible h4+daily closing below it (3420).
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
90% of traders use TA, indicators and prediction
  • #294,045
  • Dec 5, 2011 3:28pm Dec 5, 2011 3:28pm
both in same window
euro showing more and more weakness
Attached Image (click to enlarge)
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90% of traders use TA, indicators and prediction
  • #294,046
  • Dec 5, 2011 3:41pm Dec 5, 2011 3:41pm
ok i hope i have been helpful.
good luck you all
90% of traders use TA, indicators and prediction
  • #294,047
  • Dec 5, 2011 5:26pm Dec 5, 2011 5:26pm
A little premature as I am still a little impatient (something I really need to cast off), but my trend lines, COG, QQE and those lower highs are all very suggestive of a short Asia.
Any thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: short2.gif Size: 20 KB
Come with me if you want to live....
  • #294,048
  • Dec 5, 2011 5:42pm Dec 5, 2011 5:42pm
Also note hidden bearish divergence on QQE.
Come with me if you want to live....
  • #294,049
  • Dec 5, 2011 5:47pm Dec 5, 2011 5:47pm
A few Asian bears ready to come out perhaps.
Attached Image (click to enlarge)
Click to Enlarge Name: short2.gif Size: 21 KB
Come with me if you want to live....
  • #294,050
  • Dec 5, 2011 5:58pm Dec 5, 2011 5:58pm
My bias still is to the south with inability to close above 50% fib as rejected by supply coupled with Asia reaction to S&P downgrade. And will add with proper PA....GL!
Attached Image (click to enlarge)
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  • #294,051
  • Dec 5, 2011 7:33pm Dec 5, 2011 7:33pm
GU....
Attached Image (click to enlarge)
Click to Enlarge Name: gu s.gif Size: 28 KB
  • #294,052
  • Dec 5, 2011 7:55pm Dec 5, 2011 7:55pm
H4 - Standard Deviatoin Level
Attached Image (click to enlarge)
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  • #294,053
  • Dec 5, 2011 8:02pm Dec 5, 2011 8:02pm
More food for thought
Attached Image (click to enlarge)
Click to Enlarge Name: short2.gif Size: 21 KB
Come with me if you want to live....
  • #294,054
  • Dec 5, 2011 8:13pm Dec 5, 2011 8:13pm
Quoting Ill-b-back
More food for thought
yeah..thought to the green pips
  • #294,055
  • Edited 9:05pm Dec 5, 2011 8:52pm | Edited 9:05pm
how about daily candle
( m30 : could be shark pattern )
not euphoria follower
  • #294,056
  • Dec 5, 2011 9:10pm Dec 5, 2011 9:10pm
Sharks had already the first course meal.
Waiting for the main meal.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 178 KB


Waiting a little bit longer on confirmation for no demand.
  • #294,057
  • Dec 5, 2011 9:33pm Dec 5, 2011 9:33pm
[quote=iqyu5an;5196870]how about daily candle
daily...
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 21 KB
  • #294,058
  • Dec 5, 2011 10:12pm Dec 5, 2011 10:12pm
ride it out till 1.5713
  • #294,059
  • Dec 5, 2011 11:04pm Dec 5, 2011 11:04pm
Sell limit at 1.56318 with sl at 1.56818 and tp at 1.55318. Wishing everyone a great day with green pips take care
  • #294,060
  • Dec 6, 2011 12:26am Dec 6, 2011 12:26am
Good day to you,

PA over the past day has been encouraging. Could we expect 1.5648 ( 50% line of this week) to cap upside?

Time will tell

All the best
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