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Cable Update (GBPUSD)

  • #297,061
  • Jan 8, 2012 9:39pm Jan 8, 2012 9:39pm
Quoting Ill-b-back
Looking like a head fake set up for possible bullish break of 1hr trendline.

now your talkin....all gaps to the downside are filled.....there are only gaps to fill to the upside....and with Merk and Sarkozy talkin again today.....bammmmmmmm could be explosive to the upside.

I still call it a ponzi scheme.
I don't trust any move - when you have profit...take it.
  • #297,062
  • Edited 11:01pm Jan 8, 2012 9:54pm | Edited 11:01pm
Morning , checking from home , so ok gu , down to 5375 likely or 5323 before correction towards now or not able last limit 5578,below limits as per saw before ,before all down to 5200 and the decide then ,what is what.
No obligation of gap filling like eu I see and this gap filling can be difficult without risking correction up the whole wave down last , 2731 limit can do it now though without & continue down towards 2500.

Gold expecting 1600 before a formal bounce to break actually down .

Lets do with frankie & London open & bounces to start or scalping when sit next .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 11 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,063
  • Edited 2:31am Jan 9, 2012 1:41am | Edited 2:31am
So eu signal for correction up so far & gu follow likely , next limit here 5465 , 74 & 5524 . lets see how far .no long still & waiting for short only .
http://www.forexfactory.com/showthre...26#post5277826

gold jumed alarmingly before the reach 1600 ,very restless investors , will wait it settle for others to action . while uj at dottom bottom level , 1 leg down though ok but BOJ sit so idle at or down , not think , may be time for reaction approaching very fast .

eu , gu doing under controll while au doing more , gap up there at highs also & near level .
so gold at top areas, au high enough near gap filling , eu below limit level one , gu also below 1st limt levels , London open & flexes most muscles & will start scalping shorts there at & above carefully .

Only Monday , time there to play .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,064
  • Jan 9, 2012 2:16am Jan 9, 2012 2:16am
eu took out downtrend channel..... but it was VEEEERy steep! i rarely seen achannel soo steep!
gu around 5439 challenging its channel.

interesting!
90% of traders use TA, indicators and prediction
  • #297,065
  • Jan 9, 2012 2:20am Jan 9, 2012 2:20am
Quoting gsantri
That's because the AUD Retail Sales priced-in before the data released.

interesting to see where the hell that 0.4% forecast number came from lol..
market seemed was only care to the slope/trend of previous actual data, its down and priced-in imo.

below is 'detail and chart' from FF calendar.
.

yes retail sales came out and maybe some fear before the release in this overall downtrend vs USD!
looks to me now it is consolidating below previous 0210 top-ing also in channel h1!
will fight hard near this level...
90% of traders use TA, indicators and prediction
  • #297,066
  • Jan 9, 2012 2:21am Jan 9, 2012 2:21am
Quoting iqyu5an
around open - close march 2010
oh...i was talking about gbp aud..
90% of traders use TA, indicators and prediction
  • #297,067
  • Jan 9, 2012 2:22am Jan 9, 2012 2:22am
oupsssssssssss sorry strawberry
Quoting _BBKing_
oh...i was talking about gbp aud..
not euphoria follower
  • #297,068
  • Jan 9, 2012 2:39am Jan 9, 2012 2:39am
The only antidote to stagnancy in the race of attainment is generosity. Giving begets receiving. He who does not give doesn't deserve to be given to; it is unjust for a stingy man to receive. When you give, you don't lose what you have given but have invested into your future, 'cause the hand that receives from you is indebted to you and will pay in the future
  • #297,069
  • Jan 9, 2012 2:50am Jan 9, 2012 2:50am
That's it sweetheart, long all day long xxx
Come with me if you want to live....
  • #297,070
  • Jan 9, 2012 3:35am Jan 9, 2012 3:35am
U.K. May Have Lost 10% of Finance Jobs: CBI

Financial companies in Britain (F3BANK) may have shed almost a tenth of their jobs by the end of the first quarter since the collapse of Lehman Brothers Holdings Inc., according to a survey by Britain’s biggest business lobby group.
  • #297,071
  • Jan 9, 2012 4:15am Jan 9, 2012 4:15am
GBPUSD Analyse Long at 1.54
  • #297,072
  • Jan 9, 2012 4:28am Jan 9, 2012 4:28am
Quoting vasi
GBPUSD Analyse Long at 1.54
Gotcha on that one brother
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Come with me if you want to live....
  • #297,073
  • Jan 9, 2012 4:33am Jan 9, 2012 4:33am
for reversal or retrace ?


Quoting Ill-b-back
Gotcha on that one brother
not euphoria follower
  • #297,074
  • Jan 9, 2012 4:37am Jan 9, 2012 4:37am
Quoting iqyu5an
for reversal or retrace ?
Won't know until at least tomorrow. I'm a day trader, so I grab what I can. My system does hint at a reversal but that is using the monthly timeframe as a reference, which makes it a big picture view and anything can happen while forming the big picture. I will likely be holding for at least 1 day and see how it looks after that.
Come with me if you want to live....
  • #297,075
  • Jan 9, 2012 4:38am Jan 9, 2012 4:38am
the price is rising now,will it continue to rise up or this is just a small sign of bullish market?
because in 1day chart and week chart it seems to be bearish.
  • #297,076
  • Jan 9, 2012 5:16am Jan 9, 2012 5:16am
Quoting Ill-b-back
Won't know until at least tomorrow. I'm a day trader, so I grab what I can. My system does hint at a reversal but that is using the monthly timeframe as a reference, which makes it a big picture view and anything can happen while forming the big picture. I will likely be holding for at least 1 day and see how it looks after that.
Sorry, that is a WEEKLY timeframe as reference
Come with me if you want to live....
  • #297,077
  • Jan 9, 2012 6:50am Jan 9, 2012 6:50am
Quoting Ill-b-back
Sorry, that is a WEEKLY timeframe as reference
same here.. I'm also seeing a bearish trendline break. But price has gapped up and looks like daily might close as an inside bar
  • #297,078
  • Jan 9, 2012 7:21am Jan 9, 2012 7:21am
GBPUSD Analyse Long 1.54500
  • #297,079
  • Jan 9, 2012 7:41am Jan 9, 2012 7:41am
This up move looks quite weak. Candle bodies are relatively small. Will the bearish trend continue?
  • #297,080
  • Jan 9, 2012 8:07am Jan 9, 2012 8:07am
Quoting Dyekid217
This up move looks quite weak. Candle bodies are relatively small. Will the bearish trend continue?
yes,i agree.i think the trend wont continue as this will be a small hike and soon bearish pattern will come.So need to wait.But time frames like 1h and 4h shows a bullish pattern emerging,but Day chart doesnt.
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