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Cable Update (GBPUSD)

  • #298,181
  • Jan 16, 2012 9:11pm Jan 16, 2012 9:11pm
Quoting abdul_halim
TP 2..hits
Hmmmm suspicious... 5365 didnt hit for me... 5364 is my high..

Edit: my bad... i just realised... my broker with 3 PIP spread is making me suffer... interbank rate is at 1.53666 when i checked...
tells me my broker is a bloodsucking SOAB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #298,182
  • Jan 16, 2012 9:12pm Jan 16, 2012 9:12pm
Quoting bguguen
Yea im also holding my short on the GBPUSD, the one i got with Target 1.5190 thing is im not sooo Rosy about GBP...
i think the weekend flow of risk aversion money will be as large an effect as last friday...
also im gona hold my shorts simply because i also got an EJ pair which i longed at 97.10 to compensate it if GBPUSD goes up, so and so im safe before i make any decisions...

but for me... it looks to me like GBPUSD might get up to 5400 :/
Pretty sure I'm out from memory but still a drop coming I think, will know more when I get home.
Come with me if you want to live....
  • #298,183
  • Jan 16, 2012 9:16pm Jan 16, 2012 9:16pm
Quoting Ill-b-back
Pretty sure I'm out from memory but still a drop coming I think, will know more when I get home.
Im not sure... all i see in the H1 chart is a clear MACD rejection... there was no crossover... crossover got rejected soo we are having some bullish pressure for the day... now i dont quite know where the next bearish pressur would come in...
i seriously cant see any place where i could plot another line to see where we might have some resistance upside... unless we get a close back below 5350 we might have a chance...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #298,184
  • Jan 16, 2012 9:23pm Jan 16, 2012 9:23pm
Quoting bguguen
Im not sure... all i see in the H1 chart is a clear MACD rejection... there was no crossover... crossover got rejected soo we are having some bullish pressure for the day... now i dont quite know where the next bearish pressur would come in...
i seriously cant see any place where i could plot another line to see where we might have some resistance upside... unless we get a close back below 5350 we might have a chance...
I pretty much just use TL's as I don't read S/R very well. I have a higher 4hr TL I am looking at. Not at desk to show chart sorry.
Come with me if you want to live....
  • #298,185
  • Jan 16, 2012 9:28pm Jan 16, 2012 9:28pm
test....scalp
Attached Image (click to enlarge)
Click to Enlarge Name: sclp.gif Size: 49 KB
  • #298,186
  • Jan 16, 2012 9:29pm Jan 16, 2012 9:29pm
Quoting bguguen
Im not sure... all i see in the H1 chart is a clear MACD rejection... there was no crossover... crossover got rejected soo we are having some bullish pressure for the day... now i dont quite know where the next bearish pressur would come in...
i seriously cant see any place where i could plot another line to see where we might have some resistance upside... unless we get a close back below 5350 we might have a chance...
heres where i admit my limited knowledge is presenting me with a challenge... i have no idea if its a clear break or not... see the way its coming back down to test it seems like 5350 is an important level for me it seems if this 5350 previous resistant turnes support and rejects the current move down, we might see 5400...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #298,187
  • Jan 16, 2012 9:39pm Jan 16, 2012 9:39pm
watch your fibbing, once price breakout ( say break the high ) then hit your TP, most likely, the tendency is she back to your prev high or if u made new fib from prev low to new high... we will have new buyer balance as our new TP for short ?
Quoting abdul_halim
TP 2..hits
not euphoria follower
  • #298,188
  • Jan 16, 2012 9:42pm Jan 16, 2012 9:42pm
50 weekly fib
Quoting abdul_halim
test....scalp
not euphoria follower
  • #298,189
  • Edited Jan 17, 2012 12:29am Jan 16, 2012 11:28pm | Edited Jan 17, 2012 12:29am
Morning , so it & others continued overnight correction to the maximum at last ! No easy breaks ez & all against usd!!
time to check usdx , bull intact & ok but correcting to the max here also ,over 50% fibs & too nearer for start break down also . breaks 81.04 highly suspecious but no confirmation bull be over breaks 80.50 though , now reached 81.08 , price now 81.13.so limit intact & if no further breaks then bull to start immediately .breaks up 81.16 as signal start .next confirm with breaks 81.20 & 28 at least for the timebeing.

still over 200sma H1 tf .

lets see what the intention through frankie & London open next & us intention if like to break down to the low & low.
gbpchf correcting enough up may be shaky again , uj fell near support again .gold again in turmoil & near previous top .
all ok if usdx start the great job , every be back & more .

anyway whatever happen with Frankie & London open scalping shorts in action now & with extreme care this time . eu, gu both near one limit 2761 ,5375/5408 but may do more for next limit though.
PA became risky with probable diamond swing specially gu .
waiting
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd5.gif Size: 13 KB
Click to Enlarge Name: usd4.gif Size: 10 KB
Click to Enlarge Name: usd3.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,190
  • Jan 16, 2012 11:49pm Jan 16, 2012 11:49pm
Quoting bguguen
heres where i admit my limited knowledge is presenting me with a challenge... i have no idea if its a clear break or not... see the way its coming back down to test it seems like 5350 is an important level for me it seems if this 5350 previous resistant turnes support and rejects the current move down, we might see 5400...
54 for sure from PA near where I'm sure my TL is. 1hr divergence sending us at least to 54 I think.
Come with me if you want to live....
  • #298,191
  • Jan 16, 2012 11:53pm Jan 16, 2012 11:53pm
Quoting Ill-b-back
54 for sure from PA near where I'm sure my TL is. 1hr divergence sending us at least to 54 I think.

and from 1.54 do you expect a rebound downward or will it have the legs to keep crawling up? if so what is next target?

The last day has been not as i expected...
Money never sleeps...
  • #298,192
  • Jan 17, 2012 12:13am Jan 17, 2012 12:13am
Quoting inpatient
and from 1.54 do you expect a rebound downward or will it have the legs to keep crawling up? if so what is next target?

The last day has been not as i expected...
To be honest, I wouldn't know of a next target except following fibs. From what I remember, 54 is in line with the 38.2 retrace and a significant MA such as the 100sma or 200ema I am pretty sure. I am actually expecting consolidation at 54 for a little bit but I am really no expert on horizontal levels but there is strong resistance there. I'm def. still only looking to short but not today I don't think, maybe tomorrow, unless PA today is suggestive of a break of the ascending 1hr TL which I am sure is forming. I'm not at the charts dude so hard to tell to be honest. Will probably collapse on me while massaging a client tonight knowing my luck.
Come with me if you want to live....
  • #298,193
  • Jan 17, 2012 12:22am Jan 17, 2012 12:22am
checking gu top , cretical , do or die , breaks 5370 to do some or 56 to die for now . same condition usdx having , 70 tested now but not broken .
others should be in similar situation .
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 ++
  • #298,194
  • Jan 17, 2012 12:24am Jan 17, 2012 12:24am
well its nearing bed time for me and im quite heavily leveraged on sell trades at the 1.53 level since todays opening. Im worried the CPI numbers and Mervyn King talking in a few hours give the pound strength which gives us some extra strength beyond 1.54.

Hoping for a rebound and weak UK news to send us down from here. It seems like the 1.537 line is providing some limited resistance but if we pass that i think we could see a rise up strong.

Considering so many people have been increasingly short today through the mid 1.53's i dont see much to suggest the price is going to fall rapidly (which was so widely tipped only 24 hours ago)
Money never sleeps...
  • #298,195
  • Jan 17, 2012 12:42am Jan 17, 2012 12:42am
Quoting inpatient
well its nearing bed time for me and im quite heavily leveraged on sell trades at the 1.53 level since todays opening. Im worried the CPI numbers and Mervyn King talking in a few hours give the pound strength which gives us some extra strength beyond 1.54.

Hoping for a rebound and weak UK news to send us down from here. It seems like the 1.537 line is providing some limited resistance but if we pass that i think we could see a rise up strong.

Considering so many people have been increasingly short today through the mid 1.53's i dont see much...

just passed that mark and heading for 1.54
Money never sleeps...
  • #298,196
  • Jan 17, 2012 12:47am Jan 17, 2012 12:47am
Quoting inpatient
well its nearing bed time for me and im quite heavily leveraged on sell trades at the 1.53 level since todays opening. Im worried the CPI numbers and Mervyn King talking in a few hours give the pound strength which gives us some extra strength beyond 1.54.

Hoping for a rebound and weak UK news to send us down from here. It seems like the 1.537 line is providing some limited resistance but if we pass that i think we could see a rise up strong.

Considering so many people have been increasingly short today through the mid 1.53's i dont see...
This consolidation zone we have been in since late last year has been tough and I don't really expect it to end this week. So much conflicting data coming out such as pockets of positive local news heavily restrained by Europe. I am reading that Greece is more likely than ever to default in March and institutions (inside or outside Europe - not sure which) which have insurance against default, are not willing to cut a deal and take a haircut. I actually shouldn't really be bothered and follow some advice I received recently and just follow my charts. All in all, its hard to tell as I have never been in a range like this for so long.
Come with me if you want to live....
  • #298,197
  • Edited 1:30am Jan 17, 2012 1:16am | Edited 1:30am
Quoting fontu
checking gu top , cretical , do or die , breaks 5370 to do some or 56 to die for now . same condition usdx having , 70 tested now but not broken .
others should be in similar situation .
fontu
Bull continued all & bear usdx , below the first limit & so more turmoils ahead . next or last limits ok yet .
price fall below 5363 & confirn 56 next as failure may start .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 9 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #298,198
  • Jan 17, 2012 1:24am Jan 17, 2012 1:24am
Hi.

Any idea why GU is having these huge move during asia sessions?
  • #298,199
  • Jan 17, 2012 1:36am Jan 17, 2012 1:36am
Quoting logo
Hi.

Any idea why GU is having these huge move during asia sessions?
You mean like a Bull in a China Shop?
Positive data out of China apparently.
Come with me if you want to live....
  • #298,200
  • Jan 17, 2012 1:39am Jan 17, 2012 1:39am
Quoting logo
Hi.

Any idea why GU is having these huge move during asia sessions?
Because of unexpected Chinese data = GDP Q4 8,9% above consensus 8,7% and also for retail sales China 18,1% in Dec above consensus 17,1%. This datas have triggered risk sentiment on the market... you can also notice that most of Asian & Australian equities market rise on these data...
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