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Cable Update (GBPUSD)

  • #301,421
  • Feb 25, 2012 4:44am Feb 25, 2012 4:44am
Quoting nAVIN2007
same chart different time..wonder how many actually took notice of my chart..
nice observation my friend..glad u thinking like this

the diverence i have posted is the small one..theres another one present which is playing out..if u cant spot it let meh know
Are you talking about the unmarked hidden one nAV?
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  • #301,422
  • Feb 25, 2012 4:58am Feb 25, 2012 4:58am
Daily 200 sma.

I don't use ma's much but i do like to see what the price is doing around the 200ma on the daily. (Also the H1)

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd120225d1200ma.gif Size: 42 KB
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  • #301,423
  • Feb 25, 2012 4:59am Feb 25, 2012 4:59am
Quoting Ill-b-back
Are you talking about the unmarked hidden one nAV?

yeah the red lines..heres a chart
Attached Image (click to enlarge)
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  • #301,424
  • Feb 25, 2012 5:07am Feb 25, 2012 5:07am
Japanese candlestick analysis:

The last 4 weeks of consolidation under 1.59 has only given us bearish candlesticks:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd120225w1candles.gif Size: 25 KB
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  • #301,425
  • Feb 25, 2012 5:08am Feb 25, 2012 5:08am
Quoting nAVIN2007
yeah the red lines..heres a chart
I'm sure that is classic divergence isn't it? That was easy to spot. I was talking about the hidden one on the MACD above the macd signal line. I marked on my 4hr chart 1 page back. It is on your daily chart also but just not as obvious.
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  • #301,426
  • Feb 25, 2012 5:08am Feb 25, 2012 5:08am
Quoting smikester
Japanese candlestick analysis:

The last 4 weeks of consolidation under 1.59 has only given us bearish candlesticks:

it would do..its a important area..but its knocking on the door

now lets break it down..the doji u have on this week is above the high of previous..thats an advancement of price towards north..so not so clear cut as u may think..also remember its a zero sum game..so there going to be bait

The high of previous may act as a support to make price go higher..its only bearish if the high of previous support produces candle formations which have a bearish hold
  • #301,427
  • Feb 25, 2012 5:12am Feb 25, 2012 5:12am
Navin, that divergence played out. The red line finishes at 17th January.
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  • #301,428
  • Feb 25, 2012 5:16am Feb 25, 2012 5:16am
Quoting smikester
Navin, that divergence played out. The red line finishes at 17th January.

I MAKE IT 1.61 AREA.. but im just guessing to be honest..diverence target are tricky..u are right thou..its up at resistance 1.59 is key..
  • #301,429
  • Feb 25, 2012 5:18am Feb 25, 2012 5:18am
Quoting nAVIN2007
it would do..its a important area..but its knocking on the door

now lets break it down..the doji u have on this week is above the high of previous..thats an advancement of price towards north..so not so clear cut as u may think..also remember its a zero sum game..so there going to be bait
You are right. I don't think it is clear cut at all. In fact I would not recommend a position from my analysis. I'm just posting probabilities as I see them. I trade off the M15 - H1 charts generally but I like longer term analysis to get runners and better R:R.
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  • #301,430
  • Feb 25, 2012 5:19am Feb 25, 2012 5:19am
Quoting smikester
Japanese candlestick analysis:

The last 4 weeks of consolidation under 1.59 has only given us bearish candlesticks:
I actually think we might get some more consolidation between 5930 and 5640 this week which should give some repeat opportunities experienced this week but I think it will just be the forex calm before the bullish storm. We have had a strong up drive from the bottom, we broke strong resistance at the daily 55ema, and this new support has been firmly respected twice. This along with the strong classic and medium hidden bullish divergences and broken bearish TL's is why I have a bullish favour.
Come with me if you want to live....
  • #301,431
  • Feb 25, 2012 5:34am Feb 25, 2012 5:34am
Quoting nAVIN2007
actually it is funny u say this, actually selling a lot of condoms..they on specials and i aint kidding
send me a couple of packages... king size of course
I don't want a job, i want money!
  • #301,432
  • Feb 25, 2012 5:37am Feb 25, 2012 5:37am
Quoting Ill-b-back
I actually think we might get some more consolidation between 5930 and 5640 this week which should give some repeat opportunities experienced this week but I think it will just be the forex calm before the bullish storm. We have had a strong up drive from the bottom, we broke strong resistance at the daily 55ema, and this new support has been firmly respected twice. This along with the strong classic and medium hidden bullish divergences and broken bearish TL's is why I have a bullish favour.
Sorry, I need more sleep, there is no hidden bullish divergence.
Come with me if you want to live....
  • #301,433
  • Feb 25, 2012 5:40am Feb 25, 2012 5:40am
Quoting Ill-b-back
This along with the strong classic and medium hidden bullish divergences and broken bearish TL's is why I have a bullish favour.
I can not see any bullish divergence but I am no expert. Could you post a chart?
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  • #301,434
  • Feb 25, 2012 5:51am Feb 25, 2012 5:51am
Quoting smikester
I can not see any bullish divergence but I am no expert. Could you post a chart?
Hey Smikester sorry I am driving home from the football (rugby union). Our state team (new south wales) were in front of Queensland with 30 seconds to go, all we had to do was hold onto the ball and the game was ours. But our dickhead of a winger decides to kick the ball Queensland catch the ball and run 80 meters to score just as the full time siren goes. What an arsehole, I hope they drop him (and fine him) for being such a loser) dickhead!!! Sorry, no hidden divergence (see above) I just don't think straight sometimes that's all, sorry dude
Come with me if you want to live....
  • #301,435
  • Feb 25, 2012 6:04am Feb 25, 2012 6:04am
Quoting Ill-b-back
Hey Smikester sorry I am driving home from the football (rugby union). Our state team (new south wales) were in front of Queensland with 30 seconds to go, all we had to do was hold onto the ball and the game was ours. But our dickhead of a winger decides to kick the ball Queensland catch the ball and run 80 meters to score just as the full time siren goes. What an arsehole, I hope they drop him (and fine him) for being such a loser) dickhead!!! Sorry, no hidden divergence (see above) I just don't think straight sometimes that's all, sorry...
Can't you post a chart while you are driving? What's the matter with you?

Wow! If you are a rugby fan that's OK by me. Sorry about your result. You will probably know we are in the middle of the Six Nations at the moment, always a treat. I used to play but a bit too slow now.
Gone to a better place
  • #301,436
  • Feb 25, 2012 6:18am Feb 25, 2012 6:18am
Quoting smikester
Can't you post a chart while you are driving? What's the matter with you?

Wow! If you are a rugby fan that's OK by me. Sorry about your result. You will probably know we are in the middle of the Six Nations at the moment, always a treat. I used to play but a bit too slow now.
hi smikester, u can see my previous post on charts about why Ill b back said its a bullish move....but for god sake, although broken s/r means retrace or reverse, but forex is about probability...in soccer they always say : the ball is round..
I trade to live
  • #301,437
  • Feb 25, 2012 6:20am Feb 25, 2012 6:20am
Quoting smikester
You are right. I don't think it is clear cut at all. In fact I would not recommend a position from my analysis. I'm just posting probabilities as I see them. I trade off the M15 - H1 charts generally but I like longer term analysis to get runners and better R:R.
u are a good trader, nice thoughts behind the trade just need to believe in yourself..yur charts u post are great..u just need to trust them

I personally cannot even understand how day b4 yesterday was bearish and yesterday price after almost reaching the low failled to break and we are back up here..the only thing that make sense to me is the long term picture because it remains the same for me

need to stay with meh marbles intact
  • #301,438
  • Feb 25, 2012 6:37am Feb 25, 2012 6:37am
Quoting smikester
Can't you post a chart while you are driving? What's the matter with you?

Wow! If you are a rugby fan that's OK by me. Sorry about your result. You will probably know we are in the middle of the Six Nations at the moment, always a treat. I used to play but a bit too slow now.
Yeah love six nations, just wish I had foxtel. I played Prop forward so was always a bit slow.
Ok, I like a challenge, here are some charts (just jokes, just got home).
Ha ha can't do driving and charting just yet bro, but if I have a few more weeks like this last one, maybe I can afford an assistant to do it for me
Anyway, below are my daily, weekly and monthly charts showing the 55ema. We have strong rejection from the daily and closed above the weekly. Monthly will be a road block for sure but it is flattening out. It is only 1 ema among many, but the momentum just seems to point to some consolidation between 5930 and 5640 before we head higher. Just my view. I was a committed bear until 2 months ago.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: christmas trade34.gif Size: 14 KB
Click to Enlarge Name: christmas trade35.gif Size: 14 KB
Click to Enlarge Name: christmas trade36.gif Size: 12 KB
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  • #301,439
  • Feb 25, 2012 6:38am Feb 25, 2012 6:38am
Quoting nAVIN2007
u are a good trader, nice thoughts behind the trade just need to believe in yourself..yur charts u post are great..u just need to trust them

I personally cannot even understand how day b4 yesterday was bearish and yesterday price after almost reaching the low failled to break and we are back up here..the only thing that make sense to me is the long term picture because it remains the same for me

need to stay with meh marbles intact

Howdy ... i'm thinking this up move here is sure helping your position or did you close out? this pair has eaten my lunch lately so staying away
  • #301,440
  • Feb 25, 2012 6:39am Feb 25, 2012 6:39am
Quoting smikester
Japanese candlestick analysis:

The last 4 weeks of consolidation under 1.59 has only given us bearish candlesticks:
I agree, but how about a pop up to 1.60ish, after all we are not that far away from it right into that supply with that bearish engulfing on the weekly chart creating a bull trap and bam down we go?
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