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Cable Update (GBPUSD)

  • #296,001
  • Dec 29, 2011 4:35am Dec 29, 2011 4:35am
I refer you to the daily chart I posted above...it shows yesterday's daily bearish thrust candle and the now breeched ascending daily trend line as well as the previous daily swing lo @ 5409 that was co-existant as a minor weekly swing lo too.

Price testing Daily S1/area of Monthly S1 now.

G/L

Quoting nsrajesh
hi, if possible can you please show the above in chart??
ex member
  • #296,002
  • Dec 29, 2011 4:37am Dec 29, 2011 4:37am
update..
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  • #296,003
  • Dec 29, 2011 4:38am Dec 29, 2011 4:38am
The current near-term 4hr chart shows where previous support became resistance at the pullback hi (5475) off the 5437 Lo...

Price at 89% of 20 day atr now, 103% of 20 week atr so far this week.

G/L
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ex member
  • #296,004
  • Dec 29, 2011 4:39am Dec 29, 2011 4:39am
  • #296,005
  • Dec 29, 2011 4:42am Dec 29, 2011 4:42am
checking from home , bear continued in a mofu/5th extension mode , next level 5323. anyway now can level it as fobic effects & no correction taken place yet or wave down not yet ended.not good for bull for timebeing but at the same time not good for bear also as it may even end the whole 5th to crush bear & bull/trend change may start !!
so lets see around 5323 if the correction come back . mofu alwqays uncertain!! all long, short may play within & carefull everywhere .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,006
  • Dec 29, 2011 4:44am Dec 29, 2011 4:44am
cable is crashing, what's happened?
  • #296,007
  • Dec 29, 2011 4:50am Dec 29, 2011 4:50am
...you sound like someone nursing a long position ? crash is an emotive word in this context...reason for price fall - there were more sellers/selling volume than buyers/buying volume - technically what else do we need to know ?...the greater probability was always to the short side today..after yesterday's bearish thrust daily candle.

G/L

Quoting wshhmm
cable is crashing, what's happened?
ex member
  • #296,008
  • Dec 29, 2011 4:53am Dec 29, 2011 4:53am
Quoting abdul_halim
update..
TP 1.5333??
  • #296,009
  • Dec 29, 2011 4:56am Dec 29, 2011 4:56am
Quoting abdul_halim
TP 1.5333??
may be or higher ( mine ) , should be huge spread these days .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,010
  • Dec 29, 2011 4:58am Dec 29, 2011 4:58am
Quoting fontu
may be or higher ( mine ) , should be huge spread these days .
fontu
  • #296,011
  • Dec 29, 2011 4:59am Dec 29, 2011 4:59am
done selling GU closing all ma shorts for +340 nett

going long now for a CT trade


ignore the arrow, i forgot to delete that the white one AND the yellow one.. that was IF price reached the corner.. but it didnt. anyways long now.
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Have I got something on my face, SOLDIER?
  • #296,012
  • Dec 29, 2011 5:00am Dec 29, 2011 5:00am
for sellers, the worry is the swissy respecting 9450. in my opinion, if that area is respected, i don't think cable will going bearish.

for buyers, the worry is the same.. breakout of 9450 of course..

Anyway, i think this more related to fiber compared to cable, but still there's some correlation in both of the pairs.

if swissy respect 9450, i think fiber will respect 2900, at the very least, it will respect the previous low which is at about 2885. and if fiber respect the support, bearish in cable will come to an end. IMHO.

I'll wait till that moment tho to decide on positioning in cable.
  • #296,013
  • Dec 29, 2011 5:02am Dec 29, 2011 5:02am
o/s plays on 1 3 and 5min at the current lo and patterns of bullish div 15m, 30m and 1hr to support...Daily S1 and area of Monthly S1 @ the current lows...30min bullish div below...some demand there resulted but overall still looks vulnerable to the downside.

G/L
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ex member
  • #296,014
  • Dec 29, 2011 5:04am Dec 29, 2011 5:04am
Quoting GlobalMacro
Alright I've reached a conclusion...the triangle breakdown looks very heavy and steady and bearish momentum strong.

I am selling here @ 1.5450
Very nice...

Cable nose-dived one more time early LDN session to new lows of 1.5362 yielding +ve 88 pips for the short position at that point.

Price is now @ 1.5391 and bearish momentum fully intact.

I'll continue to carry my short position set @ 1.5450 in late NY session.
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Hear the music before the song is over ...
  • #296,015
  • Dec 29, 2011 5:20am Dec 29, 2011 5:20am
In my opinion GBPUSD base on Up Wave DE (Check my pict below) is still in developing Consensus Area phase (I assume EF range is Consensus Area for this moment). I buy at 1.5365 around Standard Deviation -1 that i measure from point D, cut loss will be taken if price play below Standard Deviaton -1 and the target (i wish) around 1.58xx.

KG
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  • #296,016
  • Dec 29, 2011 5:24am Dec 29, 2011 5:24am
covered long scalp for +21
Have I got something on my face, SOLDIER?
  • #296,017
  • Dec 29, 2011 5:31am Dec 29, 2011 5:31am
Quoting FXMindset
Faller,

Stop PM me,Dont write nonsense to me and stop pretended wise,
My last Note for you if you keep PM me
Dont trying playing any game in here or other thread,I know your main purpose..If you still PM/write nonsense to me then am will expose all the data

Back to Trading

Please do the same for me and stop making posts to me.....thank you.
I don't trust any move - when you have profit...take it.
  • #296,018
  • Dec 29, 2011 6:03am Dec 29, 2011 6:03am
Watching pa for a short around 5420 - 30
Come with me if you want to live....
  • #296,019
  • Dec 29, 2011 6:49am Dec 29, 2011 6:49am
The downward movement stopped at 1.5366... a new support? Do you think it can break lower?
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  • #296,020
  • Dec 29, 2011 7:02am Dec 29, 2011 7:02am
Quoting dremstar
market is moving finally after waited whole day

i'm going short to respect the double top on daily chart
out at 1.5382

waiting to reload short if opportunity come again
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