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Cable Update (GBPUSD)

  • #302,401
  • Mar 6, 2012 3:02pm Mar 6, 2012 3:02pm
>> 3) GBP/USD - Weekly View - 06-09th of March - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart.


Bearish Probability - Price is trending between 1.585-1.587 Levels (Key Confluence between Weekly Main Pivot, Monthly Pivot, 50 SMA and 38.2% fibonacci retracement, also confluence wtih the Secondary Uptrend Dynamic Support Line).

If the price will trun back bearish under 1.585 Level (Monthly Pivot) it will move down to 1.578 Level (Key confluence between 200 SMa and 61.8% Fibonacci retracement, and the confluence between the Donwtrend Line on higher time frames and Uptrend Line on the 4 Hours Chart). Further support is 1.575(Weekly S1 Pivot).

Bullish Probability - If the 1.587 Level (Key confluence between Weekly Main Pivot, 50 SMA and 38.2% Fibonacci Retracement) will be broken and confirmed, price will continue the uptrend further to reach 1.595(Weekly R1 Pivot) and 1.597(Dynamic resistence from Pitchfork on the Daily Chart).

We could se a bearish retracement from here, back to 1.587(Weekly Pivot, confluence with the Dynamic support from the Uptrend Line).

To Your success,
Doctortyby - Tiberiu
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  • #302,402
  • Mar 6, 2012 3:15pm Mar 6, 2012 3:15pm
Winter is over I think.
I am never taking the 55ema off my charts again
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  • #302,403
  • Mar 6, 2012 3:53pm Mar 6, 2012 3:53pm
Quoting doctortyby
>> 3) GBP/USD - Weekly View - 06-09th of March - 4 Hours Chart in analogy with the 35 Pips Range Bars Chart.


Bearish Probability - Price is trending between 1.585-1.587 Levels (Key Confluence between Weekly Main Pivot, Monthly Pivot, 50 SMA and 38.2% fibonacci retracement, also confluence wtih the Secondary Uptrend Dynamic Support Line).

If the price will trun back bearish under 1.585 Level (Monthly Pivot) it will move down to 1.578 Level (Key confluence between 200 SMa and 61.8% Fibonacci retracement, and the confluence between...
?? We are at 5720.
Come with me if you want to live....
  • #302,404
  • Mar 6, 2012 6:15pm Mar 6, 2012 6:15pm
Good morning
Come with me if you want to live....
  • #302,405
  • Mar 6, 2012 6:22pm Mar 6, 2012 6:22pm
Quoting Ill-b-back
Good morning

Good morning too bro
I trade to live
  • #302,406
  • Mar 6, 2012 6:25pm Mar 6, 2012 6:25pm
Quoting UbuFamily
Good morning too bro
Did you ride this baby down Ubu? I didn't, sleeping unfortunately. I don't see this lower TL holding if you ask me. 50 fib next stop I think. What about you bro?
Come with me if you want to live....
  • #302,407
  • Mar 6, 2012 7:03pm Mar 6, 2012 7:03pm
Quoting Ill-b-back
Did you ride this baby down Ubu? I didn't, sleeping unfortunately. I don't see this lower TL holding if you ask me. 50 fib next stop I think. What about you bro?

Ahh neither me didn't get this bear ride....It happened when I'm resting myself and unfortunately fell asleep around 8pm - 1am my time gmt+8....

I'm not confident in 50 fibo bro...thinking playing safe of 38.2 fibo...

he he see my signature...don't be greedy o'shea....Oya my real name is O'shea ubu...
I trade to live
  • #302,408
  • Mar 6, 2012 7:23pm Mar 6, 2012 7:23pm
Quoting UbuFamily
Ahh neither me didn't get this bear ride....It happened when I'm resting myself and unfortunately fell asleep around 8pm - 1am my time gmt+8....

I'm not confident in 50 fibo bro...thinking playing safe of 38.2 fibo...

he he see my signature...don't be greedy o'shea....Oya my real name is O'shea ubu...
Family business eh bro? Why not 50? I don't see any significant bullish divergences so close to the TL (hiddenor classic). Hoping to see a retest of the broken TL around 50 retrace and the 55ema/descending TL. After that who knows.
Come with me if you want to live....
  • #302,409
  • Mar 6, 2012 7:33pm Mar 6, 2012 7:33pm
unable to sleep...
is there some one with an idea about if this bearish move is ended or if it is at the beginnig?!
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  • #302,410
  • Mar 6, 2012 7:48pm Mar 6, 2012 7:48pm
Quoting _BBKing_
unable to sleep...
is there some one with an idea about if this bearish move is ended or if it is at the beginnig?!
Still bearish imo. Its just a retrace what i see.

Also price trading below MP, WP, DP.

Will reload after retrace or buy on retest .
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  • #302,411
  • Mar 6, 2012 7:51pm Mar 6, 2012 7:51pm
Just wondering on Weekly chart
will this happen.... I hope... :d
Going into 1.5656 / 1.5636
And continue on lowest this year.... 1.5272
:LOL

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  • #302,412
  • Mar 6, 2012 7:53pm Mar 6, 2012 7:53pm
Its just completed FE 100.catch u later guys..
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  • #302,413
  • Mar 6, 2012 7:53pm Mar 6, 2012 7:53pm
Quoting honeybhi
Still bearish imo. Its just a retrace what i see.

Also price trading below MP, WP, DP.

Will reload after retrace or buy on retest .
Seems that way to me also. We have come off a significant weekly/monthly 50 retrace at 5990 and the weekly 60sma. Personally I don't see why we shouldn't go lower to the other 50 retrace before looking at possibly going higher. Momentum on MACD is still strong on timeframes.
Come with me if you want to live....
  • #302,414
  • Mar 6, 2012 7:55pm Mar 6, 2012 7:55pm
Quoting honeybhi
Still bearish imo. Its just a retrace what i see.

Also price trading below MP, WP, DP.

Will reload after retrace or buy on retest .

hello, tks!
i also think like that!
was just looking at levels to understand what to do about next possible moves. posting after this
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  • #302,415
  • Mar 6, 2012 7:57pm Mar 6, 2012 7:57pm
today price got a good fight around 5750-5760 before taking the way for the 5700.
in m5 this was what happened
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  • #302,416
  • Mar 6, 2012 8:01pm Mar 6, 2012 8:01pm
and the same seen in h1 shows clearly that a strong closing above that level could invalidate for a while the bearish thing.
at least until the so called "neckline" area....
obviosly in 5750 - 60 there are strong daily weekly monthly yearly factors
lol
is a strong number...

BUT

price today stopped @5696 which is 50fibo of 6170-5240 move.
uhm
smells like a good one... and it came very near also the 38fibo of the 5240-5990 upmove.
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  • #302,417
  • Mar 6, 2012 8:07pm Mar 6, 2012 8:07pm
Quoting _BBKing_
and the same seen in h1 shows clearly that a strong closing above that level could invalidate for a while the bearish thing.
at least until the so called "neckline" area....
obviosly in 5750 - 60 there are strong daily weekly monthly yearly factors
lol
is a strong number...

BUT

price today stopped @5696 which is 50fibo of 6170-5240 move.
uhm
smells like a good one... and it came very near also the 38fibo of the 5240-5990 upmove.
Hit bang on the 38 fib on my platform and closed just above it.
Come with me if you want to live....
  • #302,418
  • Mar 6, 2012 8:07pm Mar 6, 2012 8:07pm
this just to say that @5750-60 or else near 5745 could happen a rejections down. maybe a good area where search shorts again to target near 5715-20 or... who knows.... 1.5580...... ehhehe
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  • #302,419
  • Mar 6, 2012 8:15pm Mar 6, 2012 8:15pm
Quoting _BBKing_
this just to say that @5750-60 or else near 5745 could happen a rejections down. maybe a good area where search shorts again to target near 5715-20 or... who knows.... 1.5580...... ehhehe
too much negative news on possible failure of tomorrow's Greek bond swap.

scalp EJ bro.
  • #302,420
  • Mar 6, 2012 8:16pm Mar 6, 2012 8:16pm
Quoting Ill-b-back
Hit bang on the 38 fib on my platform and closed just above it.
yes i forgot about indeed i added after i posted ....
looks like can hold for a while but imo we should see again 5650 once at these levels.... i could be wrong as always so im just waiting price to see a good entry.
short/long no makes difference
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