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Cable Update (GBPUSD)

  • #295,101
  • Dec 20, 2011 2:10am Dec 20, 2011 2:10am
price behaviour making no sense at all.
  • #295,102
  • Edited 2:47am Dec 20, 2011 2:16am | Edited 2:47am
breaking all levels of concern with London open 5543,60 & 68 also , as limit & so waiting where settle before short takings next .
fontu

watching closely when this crazy stop any , breaks 5569 with confirmation 5554 for limit 5532 , breaks 5543 again important for possible down continue without bounce from above 5532 to more up . h1.H4 & lower tf QQe strong UP .
Attached Image (click to enlarge)
Click to Enlarge Name: usd4.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,103
  • Dec 20, 2011 2:36am Dec 20, 2011 2:36am
575 the test imo
Attached Image (click to enlarge)
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  • #295,104
  • Dec 20, 2011 2:37am Dec 20, 2011 2:37am
a clear low volume stop hunt. very manipulative
  • #295,105
  • Dec 20, 2011 2:47am Dec 20, 2011 2:47am
Aaarrrggg, well done me sea mates, we'll be home by Christmas for wine, women 'n song, Aaarrrggg.
Come with me if you want to live....
  • #295,106
  • Dec 20, 2011 2:56am Dec 20, 2011 2:56am
Quoting chazzle
575 the test imo
does eur chf effect market movement of gbpusd?
I trade to live
  • #295,107
  • Edited 3:34am Dec 20, 2011 2:58am | Edited 3:34am
Quoting chazzle
575 the test imo
yeah , testing it I see 5588/92 top .let do it if one last spike up .lets see .started short though to see .
fontu

looking 5567 next breaks to start bear /correction towards the level started spike 5543/32 or even channel bottom . 5588/92 still ok as broken top also 5583.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,108
  • Dec 20, 2011 3:23am Dec 20, 2011 3:23am
We will have a nice correction now in the 1.5553 level
  • #295,109
  • Dec 20, 2011 3:36am Dec 20, 2011 3:36am
Quoting UbuFamily
does eur chf effect market movement of gbpusd?
don't really know about the correlation there , but in general I think of majors as affecting the crosses because that's where the bulk of the volume is , and the cross is calculated from values of majors - eurchf = eurusd/chfusd - so it measures relative strength of the euro and the swiss franc against the dollar.
  • #295,110
  • Dec 20, 2011 3:39am Dec 20, 2011 3:39am
Quoting fontu
yeah , testing it I see 5588/92 top
yep - this the mid of DEC. swing so far... I've done a couple of scalps round here , but nothing major - being cautious , time of year and all that - GL
  • #295,111
  • Dec 20, 2011 3:43am Dec 20, 2011 3:43am
G/M,

Upside progress and descending 1hr/4hr trend line upside breech following pullback from yesterday's hi zone to 5492. Yesterday's candle being bearish-neutral, the pip range yesterday well under the 20day atr. Daily R2 and 23.6% 6165-6409 at the current daily hi-5582, immediately @/above here:

5570-81 prev 1hr sw lo zone (non immed) incl 5569-78 4 fib cluster
5586-91 3 fib cluster
5596-5603 prev 1hr sw hi zone incl 5596-98 2 x fibs
5610-13 prev 1hr sw hi zone incl 5610 = 61.8% 5735-5409
5619-28 prev 4hr/1hr sw hi zone incl 5620 =85.4% 5657-5409 incl 5620 = Daily R3 @/around

5631 61.8% 5769-5409
5645-57 prev 4hr/1hr sw hi zone incl 5649 = 50% 5888-5409
5658 76.4% 5735-5409
5663 Weekly R1 @/around
5665-70 prev 4hr/1hr sw hi zone incl 5668 = 38.2% 6092-5409
5683-87 3 fib cluster
5696 38.2% 6165-5409
5705 61.8% 5888-5409
5716-35 prev 1hr/4hr sw hi zone incl 5716 = 85.4% 5769-5409

[ 5744-50-69 prev 4hr/ 1hr sw hi zone
[ 5769-80 prev Daily/4hr/1hr sw hi incl 2 x fibs

5784 Weekly R2 @/around
5785 50% 6165-5409

Immediately below current price per the near-term current 1hr screenshot below. DP is @ 5502.

So far today 66% of the 20day atr has been covered.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 143 KB
ex member
  • #295,112
  • Dec 20, 2011 3:46am Dec 20, 2011 3:46am
the bid on this is insane. its overdone, not a single piece of news to justify the rise
  • #295,113
  • Dec 20, 2011 3:53am Dec 20, 2011 3:53am
markets move without specific intraday data...no justification needed, sentiment bullish atm and more buyers thnan sellers, don't ask why just get with the money flow !

G/L

Quoting Halba
the bid on this is insane. its overdone, not a single piece of news to justify the rise
ex member
  • #295,114
  • Dec 20, 2011 3:53am Dec 20, 2011 3:53am
Quoting Halba
the bid on this is insane. its overdone, not a single piece of news to justify the rise
have a look at charts instead - can see both EU and GU previously compressing with Higher Lows , Lower Highs
  • #295,115
  • Dec 20, 2011 3:56am Dec 20, 2011 3:56am
Quoting chazzle
have a look at charts instead - can see both EU and GU previously compressing with Higher Lows , Lower Highs



bullish diverence on gbp strength ..keeping gbp up
also actually chart simply shows this move..as charles mention its compressing
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cable.jpg Size: 58 KB
  • #295,116
  • Dec 20, 2011 3:59am Dec 20, 2011 3:59am
its a year end bonus lol..

or what you call.. a Santa Claus Rally ?
  • #295,117
  • Dec 20, 2011 4:00am Dec 20, 2011 4:00am
no news?? come on traders.... It was spanish bond auction.
  • #295,118
  • Dec 20, 2011 4:00am Dec 20, 2011 4:00am
Quoting nAVIN2007
lol - happy Nav ?
  • #295,119
  • Dec 20, 2011 4:01am Dec 20, 2011 4:01am
Quoting chazzle
lol - happy Nav ?
not quite..but feeling better

monthly rejection here is a good sign
  • #295,120
  • Edited 5:19am Dec 20, 2011 4:07am | Edited 5:19am
price now challenging:

5645-57 prev 4hr/1hr sw hi zone

above here:

5658 76.4% 5735-5409
5663 Weekly R1 @/around
5665-70 prev 4hr/1hr sw hi zone incl 5668 = 38.2% 6092-5409
5683-87 3 fib cluster
5689/90 2 x fibs
5696 38.2% 6165-5409
5705 61.8% 5888-5409
5716-35 prev 1hr/4hr sw hi zone incl 5716 = 85.4% 5769-5409 and 5723 = 85.4% 5779-5409
[ 5744-50-69 prev 4hr/ 1hr sw hi zone incl 5749 = Mthly Pivot @/around, 5750 = 61.8% 6092-5409 and 5764-69 = 2 x fibs
5784 Weekly R2 @/around and 50% 6165-5409
5789-96 3 fib cluster
5802-06 prev minor 4hr sw hi zone
5811 85.4% 5888-5409
5830 61.8% 6092-5409
5854 61.8% 6128-5409
5859-75-88 prev Dly/4hr sw hi zone incl 5874=61.8% 6165-5409
5875-5890 Daily t/f descending trend line
5910 Weekly R3 @/around
[ 5912-31 prev 4hr sw hi zone incl 5930 = 76.4% 6092-5409
[ 5925-40 Steepest Weekly t/f descending t/line
5959 76.4% 6128-5409
5985 76.4% 6165-5409
5990 85.4% 6092-5409
6024 85.4% 6128-5409
6052 85.4% 6165-5409
6076-92 prev Dly/4hr sw hi zone incl Monthly R1 @/around 6076
6096-6117-6128 prev dly/4hr sw hi zone
6130-39-65 prev wkly/dly/4hr sw hi zone
6173 = 76.4% 6454-5270
6181-6208 prev minor Daily sw hi zone incl 6181 = 61.8% 6746-5270

G/L

...don't want to do all the work for others that are too lazy to find it out !


Quoting Black Hole
no news?? come on traders.... It was spanish bond auction.
ex member
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