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Cable Update (GBPUSD)

  • #296,601
  • Jan 4, 2012 3:10am Jan 4, 2012 3:10am
GBPUSD Analyse short. A beautiful "explosion" will be this morning ! Watch the news.
  • #296,602
  • Jan 4, 2012 3:16am Jan 4, 2012 3:16am
Quoting vasi
GBPUSD Analyse short. A beautiful "explosion" will be this morning ! Watch the news.
US morning?
Come with me if you want to live....
  • #296,603
  • Jan 4, 2012 3:16am Jan 4, 2012 3:16am
None break the top and this spike master now aligned for next play , broken limit down 5621 & so next limit goes to 5567 & eu 3013 , go around test & break for confirmation bottom run or up before break ! will see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,604
  • Jan 4, 2012 3:21am Jan 4, 2012 3:21am
Quoting fontu
None break the top and this spike master now aligned for next play , broken limit down 5621 & so next limit goes to 5567 & eu 3013 , go around test & break for confirmation bottom run or up will see .
fontu
Hi Fontu,
thank you for your great advices... What do you think about the incoming news about German Auction? Will this affect the E/U invalidating the tech setup?
  • #296,605
  • Jan 4, 2012 3:24am Jan 4, 2012 3:24am
3 x Daily/4hr swing hi's at the potential resistance zone shown on 4hr chart below....could be a difficult upside hurdle if tested ?

Uk data in 5mins

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 121 KB
ex member
  • #296,606
  • Jan 4, 2012 3:26am Jan 4, 2012 3:26am
Enter short at 1.56200
  • #296,607
  • Edited 3:45am Jan 4, 2012 3:31am | Edited 3:45am
Quoting Il Pres
Hi Fontu,
thank you for your great advices... What do you think about the incoming news about German Auction? Will this affect the E/U invalidating the tech setup?
No good idea about but knew this week tuesday onwards & specially this months & thoughout this year lots of euro zones auctions will happen & none promising so far or may be . who to buy those bad debts, ailing middle east now ? by pressure > still not democratic countries with fear of of arms insurgence & bombing ( they will do even buy now ! ) , with obligation Lybia ! their money already in their hand etc ,US to do now if at cost of own recession , ok but still can't save . so must adjust with what they have , no benefit from any auction & down first to the very bottom , never seen before & from where they come up to become flat first & grow again .
My idea.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,608
  • Jan 4, 2012 3:32am Jan 4, 2012 3:32am
0930am gmt Uk construction pmi better than last month/forecasts.

G/L
ex member
  • #296,609
  • Jan 4, 2012 3:36am Jan 4, 2012 3:36am
not good advice 4mins before Uk data was due !? Hope it doesn't screw your short.

G/L

Quoting vasi
Enter short at 1.56200
ex member
  • #296,610
  • Jan 4, 2012 3:41am Jan 4, 2012 3:41am
I sure hope people realise the upmove on EURUSD and GBPUSD and all other pairs showed a risk on situation yesterday, but it is likely a short lived one.
The pros here would notice fundamentally nothing makes sense for the up move seen yesterday
The end of year book balancing move made it possible for big banks to re-invest some of this money creating a fake risk-on sentiment scenario, but if you look carefully they are actually pushing everything up against the dollar to fill some heavy corporate sell orders
don't be surprised to see EURUSD going back down to 1.2850 and GBPUSD down to 1.5270 lows... soon

as soon as the big boys are done filling these orders here or more above, the will let the thing collapse as they usually do...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #296,611
  • Jan 4, 2012 3:43am Jan 4, 2012 3:43am
reverse my position in fiber, cable and swissy.. long fiber @ 3030, long cable @ 5620 and 5625 (got a bit greedy here) & short swissy @ 9350.

since eg has found support and swissy at about 50% of the downfall, i think cable and fiber will resume it's uptrend unless 5575 breaks.. atm cable is at about its minor resistance turned support at about 5620 area.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable.gif Size: 38 KB
Click to Enlarge Name: fiber.gif Size: 32 KB
Click to Enlarge Name: swissy1.gif Size: 32 KB
  • #296,612
  • Jan 4, 2012 3:47am Jan 4, 2012 3:47am
previous 1hr swing hi zone where the demand emerged on a 2nd dip to it and then the data reaction. 1 3 and 5min regular bullish div there.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 67 KB
ex member
  • #296,613
  • Jan 4, 2012 3:55am Jan 4, 2012 3:55am
Quoting vasi
Enter short at 1.56200
5620 is not good level for shorts in this pattern.
saying since yesterday me and many others that 5625 is previous peak in h1!

this thing is going more up imo.
anyway, good luck! everything is possible!
90% of traders use TA, indicators and prediction
  • #296,614
  • Jan 4, 2012 4:06am Jan 4, 2012 4:06am
the 1hr candle closed -it's body bullishly engulfing the previous 13 on that t/f....

G/L
ex member
  • #296,615
  • Jan 4, 2012 4:23am Jan 4, 2012 4:23am
looking rangy-bullish intraday so far at only 40% of 20day atr.

How much supply leading to yesterday's hi ? How strong are the bulls ?

To the upside:

Pot Res Factors
5655-60 descending dly/4hr trend line on this present 4hr candle.

[ 5664-69 prev minor 1hr sw hi zone
[ 5668-74 3 fib cluster: (5668 38.2% 6165-5360, 5671 85.4% 5725-5360, 5674 76.4% 5774-5360)
[ 5669-76-91 prev dly/4hr/1hr sw hi zone incl 5685 = 61.8% 5888-5360
5696-5707 prev 4hr sw hi zone incl 5704 = Weekly R1 @/around
5708 Daily R1 @/around
5712-26 prev 4hr sw hi zone incl 5713 = 85.4% 5774-5360, and 5726-50% 6092-5360
5745 50% 6128-5360
5749-78 prev dly/4hr x 3 sw hi zone incl 5759= Monthly R1 @/around, 5762/63 = 76.4% 5888-5360/50% 6165-5360, and 5771 = Daily R2 @/around
5810/13 85.4% 5888-5360 / 61.8% 6092-5360
5835 61.8% 6128-5360
5857-5888 prev Dly/4hr sw hi zone incl 5857 = 61.8% 6165-5360 and 5862 = Weekly R2 @/around
5874 Daily R3 @/around
5890-5900 descending daily/4hr trend line on this 4hr candle
5907-5931 prev 4hr sw hi zone incl 5919 = 76.4% 6092-5360
5948 76.4% 6128-5360
5972 Monthly R2 @/around
5974 76.4% 6165-5360
5985 85.4% 6092-5360
6016 85.4% 6128-5360
6033 Weekly R3 @/around
6045 85.4% 6165-5360
6075-92 prev dly/4hr sw hi zone

G/L
　
　
ex member
  • #296,616
  • Jan 4, 2012 4:29am Jan 4, 2012 4:29am
Quoting zarach
if you wouldn't mind could you recommend me link to read sir
thanks before
In addition to the PIE thread which smikester posted, you also have RTP, B.S. Trading and LSSTwM

Now give yourself at least 12 months to fully learn PA trading and then years to master it.
  • #296,617
  • Jan 4, 2012 4:39am Jan 4, 2012 4:39am
Wont be considering shorts until around 5720-40 myself.
Come with me if you want to live....
  • #296,618
  • Jan 4, 2012 5:08am Jan 4, 2012 5:08am
Quoting fontu
No good idea about but knew this week tuesday onwards & specially this months & thoughout this year lots of euro zones auctions will happen & none promising so far or may be . who to buy those bad debts, ailing middle east now ? by pressure > still not democratic countries with fear of of arms insurgence & bombing ( they will do even buy now ! ) , with obligation Lybia ! their money already in their hand etc ,US to do now if at cost of own recession , ok but still can't save . so must adjust with what they have , no benefit from any auction & down...
The ECB lent money in the form of LTRO to the EZ banks to buy the bonds, although it seems that they are not buying them, which will leave the ECB to keep buying them, like they have done before although sanitising these purchases is becoming increasingly difficult and hence it results in backdoor QE for the EZ. The German 10 yr bund sale was nothing great but not disasterous.
  • #296,619
  • Jan 4, 2012 5:35am Jan 4, 2012 5:35am
Quoting Ill-b-back
Wont be considering shorts until around 5720-40 myself.
Correcting that, I think 5620 is a great place to consider shorts on PA and lower TL break. Doubt we will get to 57 or above. 1st stop 54 then 5280.
Come with me if you want to live....
  • #296,620
  • Jan 4, 2012 5:39am Jan 4, 2012 5:39am
another rejection of yesterday's hi and the intraday sentiment turns from rangy-bullish to bearish now. Price fall now testing the topside of the breeched previous 4hr descending trend line. To the immediate downside as near-term current 1hr screenshot below. DP is @/around 5605, Daily S1 5542. Fibs shown are from 5360, 5466 and 5568 all to yesterday's 5669 Hi.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 123 KB
ex member
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