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Cable Update (GBPUSD)

  • #295,741
  • Dec 27, 2011 11:07am Dec 27, 2011 11:07am
Quoting Ill-b-back
I've got bullish and bearish divergences. Shorted again at 57, I hope my broad descending channel is legit.

you should take the break that you said you were going to take - quite a few posts ago you were taking a break from this thread to spend time with the family and new baby - in all professional respect - you are jumping around like a mexican jumping bean.....take a break man.
I don't trust any move - when you have profit...take it.
  • #295,742
  • Dec 27, 2011 11:10am Dec 27, 2011 11:10am
Quoting Faller
you should take the break that you said you were going to take - quite a few posts ago you were taking a break from this thread to spend time with the family and new baby - in all professional respect - you are jumping around like a mexican jumping bean.....take a break man.

hope u had a great christmas my friend..hope all is well buddy?
  • #295,743
  • Dec 27, 2011 11:19am Dec 27, 2011 11:19am
Quoting nAVIN2007
hope u had a great christmas my friend..hope all is well buddy?

Thanks yes - all good at my end. The kids said it was the best Christmas EVER!! So I guess Santa pulled it off once again! Thanks for the holiday wishes.....I send the same back to you and your family. On the sidelines right now with Cable - just watching......will post when I see something valid from my end.

Cheers!

Faller.
I don't trust any move - when you have profit...take it.
  • #295,744
  • Dec 27, 2011 11:35am Dec 27, 2011 11:35am
Quoting Faller
Thanks yes - all good at my end. The kids said it was the best Christmas EVER!! So I guess Santa pulled it off once again! Thanks for the holiday wishes.....I send the same back to you and your family. On the sidelines right now with Cable - just watching......will post when I see something valid from my end.

Cheers!

Faller.

fantastic bro!!
  • #295,745
  • Dec 27, 2011 11:48am Dec 27, 2011 11:48am
Im currently Long cable at 1.5635, target 1.6770.
  • #295,746
  • Dec 27, 2011 11:56am Dec 27, 2011 11:56am
Quoting _BBKing_
lol hope for you bro!
actually this is what i see:

until major red TL upward holds, price can go breaking descending green one.
if this happen soon (this week?) we will see a nice bounce above the 5770 line, where price now working very well.

in this pattern, a breake of 5770 will be stronger than previous one!!!!
so the 1.61 will be a good first target.
i agree, will require around 1-2 months for this.

i will add to my position if the green line goes...

alternative scenario is breaking down red TL: this would mean my...
Hi mate..

I thought you guys already celebrating new year.. I really don't expect to find that this thread still active.

Anyway, i think i have to agree with your analysis since i think we might already have midterm top in swissy (at least for now) and weekly also suggest that we already have consolidation in weekly for swissy.

Now, moving to fiber, we also have doji in weekly and in my opinion to break the price further down, i think fiber will need more momentum before we can see the breakout of 1.3. For that to happen, i think fiber will have to move more to the upside to absorb all the demand in that area.

EG also forming more or less the same pattern as fiber, and from these multi pair analysis, perhaps fiber might up move up first and we might see whipsaw in cable before any upthrust move. IMHO.

Happy new year guys,

See u all next year!
  • #295,747
  • Dec 27, 2011 12:05pm Dec 27, 2011 12:05pm
Quoting A-speculator
Hi mate..

I thought you guys already celebrating new year.. I really don't expect to find that this thread still active.

Anyway, i think i have to agree with your analysis since i think we might already have midterm top in swissy (at least for now) and weekly also suggest that we already have consolidation in weekly for swissy.

Now, moving to fiber, we also have doji in weekly and in my opinion to break the price further down, i think fiber will need more momentum before we can see the breakout of 1.3. For that to happen, i think fiber will have...
The movement for cable i think is depending on how EG and the swissy move and how much they move. Overall, given enough time, i think cable is more to the bullish side to me up to 1.6 region.
  • #295,748
  • Dec 27, 2011 12:18pm Dec 27, 2011 12:18pm
Atm i have no position in cable, only have a PO at the 38% of the range..
Attached Image (click to enlarge)
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  • #295,749
  • Dec 27, 2011 12:19pm Dec 27, 2011 12:19pm
Quoting A-speculator
Hi mate..

I thought you guys already celebrating new year.. I really don't expect to find that this thread still active.

Anyway, i think i have to agree with your analysis since i think we might already have midterm top in swissy (at least for now) and weekly also suggest that we already have consolidation in weekly for swissy.

Now, moving to fiber, we also have doji in weekly and in my opinion to break the price further down, i think fiber will need more momentum before we can see the breakout of 1.3. For that to happen, i think fiber will...
oh well, indeed i only get this long in GU till year end.
about EU sincerely im bit in trouble with strong bearflag seen in h4 chart.
if it becomes true.... price is going to test 1.27 in january.
thats why if it becomes true, i will close my long in GU.
about chf i think better be careful on shortin it, must not forget the big SNB's eye on it. i had a long on eur chf 2176 last week and closed 2230 or so.
now waiting a reloading place.
tomorrow full liquidity on market. so lets see year end's moves.

im interested also in AUD: its going flat since too much time imo.
GBP AUD re testing now 5430 area as resitance and AUD USD flat in 0150-60. i wouldn't be surpised to see GU flat during asia session, and AUD USD going to 0225 an more....
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  • #295,750
  • Dec 27, 2011 12:28pm Dec 27, 2011 12:28pm
Quoting _BBKing_
oh well, indeed i only get this long in GU till year end.
about EU sincerely im bit in trouble with strong bearflag seen in h4 chart.
if it becomes true.... price is going to test 1.27 in january.
thats why if it becomes true, i will close my long in GU.
about chf i think better be careful on shortin it, must not forget the big SNB's eye on it. i had a long on eur chf 2176 last week and closed 2230 or so.
now waiting a reloading place.
tomorrow full liquidity on market. so lets see year end's moves.

im interested also in AUD: its going flat since...
Yups, i see what you mean for the aussie. it's a bit confusing if you're looking at lower TF but in weekly aussie already has an engulfing and a valid retest of the previous hammer. Also in daily, aussie forming some sort of wedge formation, i think judging by weekly, the pair will move up some more or if it wanted to go down, it will run flat for some time. The valid confirmation for aussie for downtrend would be the breakout of the low of the hammer.
Attached Image (click to enlarge)
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  • #295,751
  • Dec 27, 2011 12:32pm Dec 27, 2011 12:32pm
Quoting A-speculator
Yups, i see what you mean for the aussie. it's a bit confusing if you're looking at lower TF but in weekly aussie already has an engulfing and a valid retest of the previous hammer. Also in daily, aussie forming some sort of wedge formation, i think judging by weekly, the pair will move up some more or if it wanted to go down, it will run flat for some time. The valid confirmation for aussie for downtrend would be the breakout of the low of the hammer.

true!
i had short in AU closed few pips in loss today.
bit unclear for the moment, looks like waiting for something or simply market satisfied with this price till year end.
nzd usd going down in last 2h4 candles, so possible au will follow.
uhm, i let it go for a while
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  • #295,752
  • Dec 27, 2011 12:36pm Dec 27, 2011 12:36pm
Quoting _BBKing_
true!
i had short in AU closed few pips in loss today.
bit unclear for the moment, looks like waiting for something or simply market satisfied with this price till year end.
nzd usd going down in last 2h4 candles, so possible au will follow.
uhm, i let it go for a while
yeah, let it go mate. i think it is a wise decision. there's no use to trade in that tight range waiting for a move. anyway, usually i trade only after a move during a retest after breakout or if i wanted to pick top or bottom, i will choose a sizable range/movement for the pair. in range like that, better move away mate..
  • #295,753
  • Dec 27, 2011 12:45pm Dec 27, 2011 12:45pm
Quoting A-speculator
yeah, let it go mate. i think it is a wise decision. there's no use to trade in that tight range waiting for a move. anyway, usually i trade only after a move during a retest after breakout or if i wanted to pick top or bottom, i will choose a sizable range/movement for the pair. in range like that, better move away mate..
If you want to predict on the movement on aussie, perhaps you can consider doing analysis on audnzd pair. From my point of view, unless the range in weekly broken, aussie will sustain the uptrend on the weekly basis.

In daily, audnzd shows a sizeable momentum to the upside also and see how the candle retest the shooting star. if the shooting star valid, than you might see a retracement after the retest which will also will bring down the aussie or perhaps the aussie will run flat for sometime if you see the audnzd going down and swissy going down. IMHO.
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  • #295,754
  • Dec 27, 2011 12:56pm Dec 27, 2011 12:56pm
buyers are holding on...lol
  • #295,755
  • Dec 27, 2011 12:57pm Dec 27, 2011 12:57pm
Quoting A-speculator
If you want to predict on the movement on aussie, perhaps you can consider doing analysis on audnzd pair. From my point of view, unless the range in weekly broken, aussie will sustain the uptrend on the weekly basis.

In daily, audnzd shows a sizeable momentum to the upside also and see how the candle retest the shooting star. if the shooting star valid, than you might see a retracement after the retest which will also will bring down the aussie or perhaps the aussie will run flat for sometime if you see the audnzd going down and swissy going down....
uhm, what i see is a full of mixed data on markets!
i hope tomorrow will be better!
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  • #295,756
  • Dec 27, 2011 12:58pm Dec 27, 2011 12:58pm
Now this is my take on swissy. As you can see, my position is at about the 50% fibo area, which i think has a good RR ratio, the same as fiber..

And if you trade the synthetic pairs for chf, the move will be a bit different since the dominant of the move is not depending on swissy only. trading a synthetic pairs is a bit difficult since you have to analyze different pairs to get the overall picture of the movement, well that is a whole different story right?
Attached Image(s) (click to enlarge)
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  • #295,757
  • Dec 27, 2011 1:17pm Dec 27, 2011 1:17pm
Now this is my take on EG, as you can see we already have a hammer in weekly and also a good range with reversal in daily.

Personally, i'm more to fiber bullish compared to cable atm, it doen't mean that i'm not bullish for cable, just that i'm more confident in the euro compared to the gbp judging by the formation of swissy and the EG.
Attached Image(s) (click to enlarge)
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  • #295,758
  • Dec 27, 2011 1:21pm Dec 27, 2011 1:21pm
Quoting A-speculator
Now this is my take on EG, as you can see we already have a hammer in weekly and also a good range with reversal in daily.

Personally, i'm more to fiber bullish compared to cable atm, it doen't mean that i'm not bullish for cable, just that i'm more confident in the euro compared to the gbp judging by the formation of swissy and the EG.
ok i understand very well all what you mean.
personallyh im still very scared going long in euros.... i also see an opportunity for EJ but still waiting a bit.
main reason is on what i see in this eu setup!
when it will be out of this bear flag will decide something about it.
unless it goes out with a straight move of 300 pips, lol
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 23 KB
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  • #295,759
  • Dec 27, 2011 1:22pm Dec 27, 2011 1:22pm
Quoting A-speculator
Now this is my take on EG, as you can see we already have a hammer in weekly and also a good range with reversal in daily.

Personally, i'm more to fiber bullish compared to cable atm, it doen't mean that i'm not bullish for cable, just that i'm more confident in the euro compared to the gbp judging by the formation of swissy and the EG.
This is the range with s&r levels in weekly for EG. Sorry i missed it in my previous post. As you can see my position is at about the 50% fibo from the previous lowest & highest price.
Attached Image (click to enlarge)
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  • #295,760
  • Dec 27, 2011 1:22pm Dec 27, 2011 1:22pm
ok im leaving for dinner,
will come back to see daily closing prices
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