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Cable Update (GBPUSD)

  • #300,441
  • Feb 10, 2012 9:00am Feb 10, 2012 9:00am
I think it will be around 1.5660-1.5680
  • #300,442
  • Feb 10, 2012 9:12am Feb 10, 2012 9:12am
...try Broke Support
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012-02-10_Cable in H1 Big.jpg Size: 296 KB
Click to Enlarge Name: 2012-02-10_Cable in H1 Small.jpg Size: 315 KB
Always looking the GREAT, never left GOOD Point...
  • #300,443
  • Feb 10, 2012 9:26am Feb 10, 2012 9:26am
Quoting Tsar
...try Broke Support
yea...support around 5748
Attached Image (click to enlarge)
Click to Enlarge Name: supp.jpg Size: 117 KB
  • #300,444
  • Feb 10, 2012 9:31am Feb 10, 2012 9:31am
Quoting abdul_halim
yea...support around 5748
decent place where to add(try) long 1.5752 with tight stoploss ..i hope we break 1.5774 so we can go higher.
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #300,445
  • Feb 10, 2012 9:44am Feb 10, 2012 9:44am
Quoting abdul_halim
yea...support around 5748
I think this support not so strong already... will see
  • #300,446
  • Feb 10, 2012 9:51am Feb 10, 2012 9:51am
Quoting abdul_halim
yea...support around 5748
Hi abdul_halim,

Nice to meet you...


Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
  • #300,447
  • Feb 10, 2012 9:57am Feb 10, 2012 9:57am
Same with H4 Chart...
Interested
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-02-10_Cable in H4.jpg Size: 348 KB
Always looking the GREAT, never left GOOD Point...
  • #300,448
  • Feb 10, 2012 11:45am Feb 10, 2012 11:45am
12:30pm Fed Chairman Bernanke Speaks

http://www.federalreserve.gov/newsev...e20110210a.htm
Always looking the GREAT, never left GOOD Point...
  • #300,449
  • Feb 10, 2012 9:01pm Feb 10, 2012 9:01pm
Weekly charts.

CYC/XLP is daily. retesting sma200.
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu-cot-020712-weekly.png Size: 25 KB
Click to Enlarge Name: eu-cot-020712weekly.png Size: 22 KB
Click to Enlarge Name: dx-cot-020712-weekly.png Size: 21 KB
Click to Enlarge Name: CYC-XLP-021012.png Size: 9 KB
  • #300,450
  • Feb 10, 2012 11:52pm Feb 10, 2012 11:52pm
Will recent Greek Bailout news send us north again next week? Wishful
Thinking on my part I must admit.
Come with me if you want to live....
  • #300,451
  • Feb 11, 2012 5:19am Feb 11, 2012 5:19am
Hmm, price has retraced perfectly to the 61.8fib for the past few days. Will we see this re-occur and price head upwards for a retrace to 1.58000 then a rejection and continue downwards?

Any other opinions?
  • #300,452
  • Feb 11, 2012 5:59am Feb 11, 2012 5:59am
Quoting Ill-b-back
Will recent Greek Bailout news send us north again next week? Wishful
Thinking on my part I must admit.

remember this post!!..we will review it after next week
  • #300,453
  • Feb 11, 2012 7:41am Feb 11, 2012 7:41am
Quoting nAVIN2007
good analysis
now if u see the second chart the yellow area..that should act as a support/buffer to move higher..

dailly also broke the low of the previous..was a great sell trigger but it failed ..market price then moved to towards the high of the previous day and broke it (bullish outside bar/candle) that to me is a buy signal as it represents some kind of intervention?? low was unable to follow through

be lucky

update:- second chart is likely to happen imho
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable.jpg Size: 90 KB
Click to Enlarge Name: chart4.jpg Size: 94 KB
  • #300,454
  • Feb 11, 2012 2:33pm Feb 11, 2012 2:33pm
Quoting Ill-b-back
Will recent Greek Bailout news send us north again next week? Wishful
Thinking on my part I must admit.
What bailout?

Everyone in Greece knows that it is not possible to meet the troika conditions. In order to get the money, they may agree to it next week but as soon as they receive it they will refuse to abide by the conditions. In any case, they see it as a humiliation of their country by the Germans in particular and it is going to be really difficult for the Germans to get approval for any of their proposals within EU in future(each country has a veto and Greece will take its revenge for sure).

http://www.guardian.co.uk/world/2012...t-euro-default

In any case, after Greece there are Portugal, Spain and Italy to deal with.

Whatever happens, it is going to be difficult times ahead for the European Union - especially for the Eurozone countries. As for UK, its politicians will "divide and rule", a craft they excel at, within EU.

I suggest you keep an eye on the EUR/GBP cross to see which way the smart money is flowing .

KR
  • #300,455
  • Feb 11, 2012 4:21pm Feb 11, 2012 4:21pm
If Greece is taken out we will undoubtably be going North...


Quoting Ill-b-back
Will recent Greek Bailout news send us north again next week? Wishful
Thinking on my part I must admit.
Please do not vouch for me.
  • #300,456
  • Edited 2:56am Feb 12, 2012 2:26am | Edited 2:56am
Variants of succession of events next week (look at green and dark blue levels)
There is a probability that GBP will go north next week when the rebound will be finished
GBP can reach level around 1.6150 then 1.6270 (it’s weekly resistance) throughout two weeks if the market will be favorable.
Attached Image (click to enlarge)
Click to Enlarge Name: pound.gif Size: 51 KB
  • #300,457
  • Feb 12, 2012 5:15am Feb 12, 2012 5:15am
Quoting nAVIN2007
update:- second chart is likely to happen imho
nice chart nAV...
this is my view ..
(just my opinion)
Attached Image (click to enlarge)
Click to Enlarge Name: noob predict gu.jpg Size: 163 KB
  • #300,458
  • Feb 12, 2012 5:57am Feb 12, 2012 5:57am
The previous 1hr/4hr/minor daily swing lo zone / 50% 5528-5927 was Friday's lo where some late demand was found. A bearish daily candle resulted and the weekly candle closed as an inverted hammer (with bearish body.)

The rally up/pullback from said lo (5729) has seen some supply at the 23.6% 5884-5729 / previous 1hr swing lo zone and this is shown on 1hr chart below.

On 4hr you can plot fibs from just about any fractal swing lo to the recent 5927 hi and the ones I have plotted on shown on 4hr chart below which shows the main immediate previous price swing hi/lo's which may also act as potential rbs/support on any further downside ?

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: z1.jpg Size: 113 KB
Click to Enlarge Name: z4.jpg Size: 92 KB
ex member
  • #300,459
  • Feb 12, 2012 6:00am Feb 12, 2012 6:00am
Quoting nAVIN2007
update:- second chart is likely to happen imho
Cool nAV, I thought you said you didn't add to your long? Is that a buy I see bro?... I like the 38-23-50 scenerio myself.
Come with me if you want to live....
  • #300,460
  • Feb 12, 2012 6:05am Feb 12, 2012 6:05am
Quoting Ill-b-back
Cool nAV, I thought you said you didn't add to your long? Is that a buy I see bro?... I like the 38-23-50 scenerio myself.

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