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Cable Update (GBPUSD)

  • #296,961
  • Jan 6, 2012 12:39pm Jan 6, 2012 12:39pm
Quoting _BBKing_
h&S?
you mean that shown in h1?
mmm i dont like it so much sincerely......
i mean, we are in weekly demand area!
to go more down from here we need a stron weekly closing into 51area at least.
was playing with weekly chart and drawn somthing like an idea.
who knows? if there is no change in fundamentals this could be a way.

otherwise 1.53-1.52 will push up and breake again into 1.58

weekly is an inside bar..which is still indecision so it can bounce from here still thou..to be honest it would be ridiculous
god know where USD is getting these figures from..this happens when 2months ago there figure were so bad i bought blindly ..true what they say u hit rock bottom only place is up..except in trading account

did USD wave a magic wand?
  • #296,962
  • Jan 6, 2012 12:40pm Jan 6, 2012 12:40pm
with a bit zoom in 12 weekly candles went down below 5435.
no-one closed below it.
lets see this closing where will be.

anyway in the past also closed below and strong rejected up.
overall this weeekly pattern looks bearish to me!
a move further down won't surprise me a lot.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 82 KB
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  • #296,963
  • Jan 6, 2012 12:42pm Jan 6, 2012 12:42pm
Quoting _BBKing_
h&S?
you mean that shown in h1?
mmm i dont like it so much sincerely......
i mean, we are in weekly demand area!
to go more down from here we need a stron weekly closing into 51area at least.
was playing with weekly chart and drawn somthing like an idea.
who knows? if there is no change in fundamentals this could be a way.

otherwise 1.53-1.52 will push up and breake again into 1.58
Yes, simply the 1hr one, it is complete, my post was simply reflecting on what has already happened and my financial dismay at living in such a beautiful country that is geographically challenged from a forex market traders perspective.
Come with me if you want to live....
  • #296,964
  • Jan 6, 2012 12:43pm Jan 6, 2012 12:43pm
Quoting _BBKing_
with a bit zoom in 12 weekly candles went down below 5435.
no-one closed below it.
lets see this closing where will be.

anyway in the past also closed below and strong rejected up.
overall this weeekly pattern looks bearish to me!
a move further down won't surprise me a lot.

nice chart..
  • #296,965
  • Jan 6, 2012 12:43pm Jan 6, 2012 12:43pm
Quoting _BBKing_
with a bit zoom in 12 weekly candles went down below 5435.
no-one closed below it.
lets see this closing where will be.

anyway in the past also closed below and strong rejected up.
overall this weeekly pattern looks bearish to me!
a move further down won't surprise me a lot.
hello BBKING. although rejected in past, playing the range in these cases can be risky, because at one day the range will break(from my past experiences) and it will trend down to lower level/range.
  • #296,966
  • Jan 6, 2012 12:51pm Jan 6, 2012 12:51pm
Quoting nAVIN2007
dot worry can always move
Did seriously think about it when I was single. Went to UK in 2009 to scope the personal training and massage scene out, and thought of starting again over there purely to keep my forex addiction alive. Fear of losing my business here then failing over there got in the way unfortunately. Now married with a kid has put the final nail in my traveling coffin for the near future. Oh well, must make the most of what we have I guess.
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  • #296,967
  • Jan 6, 2012 12:52pm Jan 6, 2012 12:52pm
Quoting fontu
price going down a little I see , bull selling itself to control Monday open ! bear sleeping or holiday mode already !
fontu
With alarm bear may have woke up & start buying ! may take control last minute action . funny , better see it next morning !
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,968
  • Jan 6, 2012 12:53pm Jan 6, 2012 12:53pm
Quoting nAVIN2007
dot worry can always move
I got an idea, how about everyone else move over here, we have the room
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  • #296,969
  • Jan 6, 2012 12:57pm Jan 6, 2012 12:57pm
Quoting nAVIN2007
nice chart..
thanks
would like to see price recovering sincerely!
how far can euro trail everything down?
eur chf is near floor 1.20
eur jpy is demand area.
also eu is in strong weekly demand area (pip more pip less)
i hope they will find something to change this direction soon!!
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  • #296,970
  • Jan 6, 2012 1:00pm Jan 6, 2012 1:00pm
Quoting Ill-b-back
Did seriously think about it when I was single. Went to UK in 2009 to scope the personal training and massage scene out, and thought of starting again over there purely to keep my forex addiction alive. Fear of losing my business here then failing over there got in the way unfortunately. Now married with a kid has put the final nail in my traveling coffin for the near future. Oh well, must make the most of what we have I guess.

yes..but always look at the positive what u have no money can buy..and thats a massive blessing my friend
never look at the unknown and see it picture perfect..everything is a trade..u stayed and gained a wife and child had u left perhaps this may have been the trade off...would u have traded it?? i think not..so never think different..u have something money cannot buy
  • #296,971
  • Jan 6, 2012 1:01pm Jan 6, 2012 1:01pm
Quoting Halba
hello BBKING. although rejected in past, playing the range in these cases can be risky, because at one day the range will break(from my past experiences) and it will trend down to lower level/range.
hello,
yes sure! actually im out of GU already closed all.
was simply showing what i see in weekly TF and why must be careful at these levels.
to breake definetly this area we need fundamentals to become worse next week and the other
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  • #296,972
  • Jan 6, 2012 1:04pm Jan 6, 2012 1:04pm
Quoting _BBKing_
thanks
would like to see price recovering sincerely!
how far can euro trail everything down?
eur chf is near floor 1.20
eur jpy is demand area.
also eu is in strong weekly demand area (pip more pip less)
i hope they will find something to change this direction soon!!

i looked at the index b4 i went work..gbp is ok..usd has a hurdle but euro is in free fall..strength wise, nothing there..which is a problem

thanks god i not emotional about this bloody trade otherwise i think id break down..im still strong at these levels i think
  • #296,973
  • Jan 6, 2012 1:09pm Jan 6, 2012 1:09pm
Quoting nAVIN2007
i looked at the index b4 i went work..gbp is ok..usd has a hurdle but euro is in free fall..strength wise, nothing there..which is a problem

thanks god i not emotional about this bloody trade otherwise i think id break down..im still strong at these levels i think
my compliments for this!
i go crazy at -20 pips. at -50 i could kill somebody.
lol
joking! (but not so much )
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  • #296,974
  • Jan 6, 2012 1:11pm Jan 6, 2012 1:11pm
So price close here at weekly support closewise exact , daily ok for ranging down still . lets see monday open & so .
happy weekend to all .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #296,975
  • Jan 6, 2012 1:12pm Jan 6, 2012 1:12pm
Quoting nAVIN2007
yes..but always look at the positive what u have no money can buy..and thats a massive blessing my friend
never look at the unknown and see it picture perfect..everything is a trade..u stayed and gained a wife and child
Oh yes, I can't believe how I am reacting to my baby, can't stop looking, loving, cuddling, kissing etc. never thought I could love a child so much. she was my wife's idea, I just went along for the ride (pardon the pun). I guess I love this game very much also and would love to have the best if both worlds. By the way, have you thought of hedging until we break north of the obvious wedge we are in? Won't happen until we hit at least 52something or maybe even 42 if the Eurozone loses a few members. But it will happen eventually. Would keep you going at least.
Come with me if you want to live....
  • #296,976
  • Jan 6, 2012 1:13pm Jan 6, 2012 1:13pm
Quoting _BBKing_
my compliments for this!
i go crazy at -20 pips. at -50 i could kill somebody.
lol
joking! (but not so much )

im probably being stupid..but im in the trade and no way am i going to get scared now..but man if i see light definately never doing this again!!!!
  • #296,977
  • Jan 6, 2012 1:17pm Jan 6, 2012 1:17pm
Quoting Ill-b-back
Oh yes, I can't believe how I am reacting to my baby, can't stop looking, loving, cuddling, kissing etc. never thought I could love a child so much. she was my wife's idea, I just went along for the ride (pardon the pun). I guess I love this game very much also and would love to have the best if both worlds. By the way, have you thought of hedging until we break north of the obvious wedge we are in? Won't happen until we hit at least 52something or maybe even 42 if the Eurozone loses a few members. But it will happen eventually. Would keep you...

problem is im a massive bull..i cant hedge cause i have no confidence in it!! and this is the problem..i will see what happens next week.. and make a plan if i need to but so far body on weekly is indecision..or close to it..
  • #296,978
  • Jan 6, 2012 1:26pm Jan 6, 2012 1:26pm
Quoting nAVIN2007
problem is im a massive bull..i cant hedge cause i have no confidence in it!! and this is the problem..i will see what happens next week.. and make a plan if i need to but so far body on weekly is indecision..or close to it..
Yeah I understand dude. But why still have bullish feelings? We are in a much worse state than we were in '08 from what I can see. The sovereign money that bailed everyone out last time is gone and now countries are bankrupt and this is a much bigger problem. Why do you think we will go north before re-testing the GFC lows?
Come with me if you want to live....
  • #296,979
  • Jan 6, 2012 1:35pm Jan 6, 2012 1:35pm
Quoting Ill-b-back
Yeah I understand dude. But why still have bullish feelings? We are in a much worse state than we were in '08 from what I can see. The sovereign money that bailed everyone out last time is gone and now countries are bankrupt and this is a much bigger problem. Why do you think we will go north before re-testing the GFC lows?

I believe cable is in a long term uptrend it has to break below 1.5 to make me think otherwise ..its a 50% retrace swing retest of breakout point on monthly chart..i will send u a link to my long term charts so u can see more details

look at the 16 month chart i send u
  • #296,980
  • Jan 6, 2012 2:00pm Jan 6, 2012 2:00pm
Quoting nAVIN2007
I believe cable is in a long term uptrend it has to break below 1.5 to make me think otherwise ..its a 50% retrace swing retest of breakout point on monthly chart..i will send u a link to my long term charts so u can see more details

look at the 16 month chart i send u
Ok I see your picture. How do I send you a PM with a screenshot attached like in the normal forum?
Come with me if you want to live....
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