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Cable Update (GBPUSD)

  • #303,561
  • Mar 14, 2012 1:03am Mar 14, 2012 1:03am
  •  EDG
  • | Joined Feb 2007 | Status: Nothing is fixed. Keep an open mind | 229 Posts
Quoting BillSuits
The 1.5650 level has been a key area of support this year and we just broke down through it recently only to pull back slightly above. I think we go below it for awhile based on the chart and I am bearish the GBP/USD pair.

Thats an interesting point and figure chart. rarely seen around here.
Hindsight is useless if you never learn anything out from it
  • #303,562
  • Mar 14, 2012 1:06am Mar 14, 2012 1:06am
Quoting Zircon
Hello,

Last day u post this nice chart and u said TB, when we say this we wait for an upmove right? so ur bearish today. could you explain me why?


Thanks
I did not post yesterday so I don't know what you mean. Sorry.
  • #303,563
  • Mar 14, 2012 1:09am Mar 14, 2012 1:09am
Quoting EDG
Thats an interesting point and figure chart. rarely seen around here.
I prefere P&F charts over anything else.To me we are just looking to answer a binary question (buy or sell) so I like to keep my charting very simple. There is too much noise in other charts I feel.
  • #303,564
  • Mar 14, 2012 1:12am Mar 14, 2012 1:12am
Quoting BillSuits
A break down below 1.5650 is a triple bottom break by P&F charting.


This one man.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #303,565
  • Mar 14, 2012 1:15am Mar 14, 2012 1:15am
Quoting Cosmin Ruse
Last Friday’s US non-farm payrolls report has led to a mixed reaction in the financial markets. All the major currencies have lost ground against the US dollar. Investors now believe that there is a lower probability of additional quantitative easing from the US Federal Reserve. The GBP/USD has given up around half of its 2012 gains and bounced off the 50% Fib. retracement and we can observe a small wick on yesterday’s candle. This is more likely to be caused by short-side profit taking rather than fresh buying. So the 1.5650/5730 area could provide...

It is better to put SMA 200 in LWMA 200 u will see it better.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #303,566
  • Mar 14, 2012 1:17am Mar 14, 2012 1:17am
Sorry- I thought that was Monday

That was just my observation that 1.5650 was a bottom 3 times prior (on the chart I posted which had different scaling that this one.) A break below this level would be a break down through a key support (IMO) and would indicate a strong down trend move.

The market has been fighting for this level the past few days, as it has in the past late last year.
  • #303,567
  • Mar 14, 2012 1:23am Mar 14, 2012 1:23am
Quoting BillSuits
Sorry- I thought that was Monday

That was just my observation that 1.5650 was a bottom 3 times prior (on the chart I posted which had different scaling that this one.) A break below this level would be a break down through a key support (IMO) and would indicate a strong down trend move.

The market has been fighting for this level the past few days, as it has in the past late last year.

I see better now thanks. ur discussed level is the key as you said , right

thanks for ur answer
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #303,568
  • Mar 14, 2012 1:30am Mar 14, 2012 1:30am
Quoting Faller
try not to over complicate things......

remember today at 5:30AM EST - there will be a real shaker.....big news coming - so lots of technical analysis could be thrown out da window - play safe my bear.....not saying u r wrong - just saying keep your eyes open to everything around you.

Cheers,

Faller.
Yeah, i know what youre saying. Just telling things as I see it, I use channels everyday. We retested resistance now looking to sell break of 56 once we breakthrough support. Simple bro
Come with me if you want to live....
  • #303,569
  • Mar 14, 2012 1:31am Mar 14, 2012 1:31am
Quoting UbuFamily
Attachment

I'm still bearish....
pin! pin!

i agreed !

reload! reload!
  • #303,570
  • Mar 14, 2012 1:37am Mar 14, 2012 1:37am
Quoting UbuFamily
nice looking chart...it's like a huge complex Tic-tac-toe game..
Come with me if you want to live....
  • #303,571
  • Mar 14, 2012 1:41am Mar 14, 2012 1:41am
Quoting Faller
try not to over complicate things......

remember today at 5:30AM EST - there will be a real shaker.....big news coming - so lots of technical analysis could be thrown out da window - play safe my bear.....not saying u r wrong - just saying keep your eyes open to everything around you.

Cheers,

Faller.
You still posting and trading while on hols? Shouldn't you be AWOL for a while bro? Pippin' with a beer in hand no doubt
Cheers bro.
Come with me if you want to live....
  • #303,572
  • Mar 14, 2012 1:41am Mar 14, 2012 1:41am
Quoting tomie
pin! pin!

i agreed !

reload! reload!


anak awak comel
I trade to live
  • #303,573
  • Mar 14, 2012 1:43am Mar 14, 2012 1:43am
Quoting Ill-b-back
Hey bro, how are u? I still can't get in use the indi u emailed me..
I trade to live
  • #303,574
  • Mar 14, 2012 1:43am Mar 14, 2012 1:43am
Quoting UbuFamily


anak awak comel
"bukan anak ceqlah"

** just avatar je ..
  • #303,575
  • Mar 14, 2012 1:45am Mar 14, 2012 1:45am
Quoting Ill-b-back
You still posting and trading while on hols? Shouldn't you be AWOL for a while bro? Pippin' with a beer in hand no doubt
Cheers bro.

YESS!!! someone talking about BEER here!!! I'm cominggggggg
I trade to live
  • #303,576
  • Mar 14, 2012 1:46am Mar 14, 2012 1:46am
Quoting UbuFamily
Hey bro, how are u? I still can't get in use the indi u emailed me..
#%*^, get a new computer bro, that sucks. Pm me your Skype if you like. %*^#
Come with me if you want to live....
  • #303,577
  • Mar 14, 2012 1:47am Mar 14, 2012 1:47am
Quoting tomie
"bukan anak ceqlah"

** just avatar je ..
Opppssss.... Hahahahaha ok ok!!!

anyway, have a nice day!!
I trade to live
  • #303,578
  • Mar 14, 2012 1:48am Mar 14, 2012 1:48am
Quoting UbuFamily
YESS!!! someone talking about BEER here!!! I'm cominggggggg
Oh no, put I'll-b-back and Ubu together, and we get another NFP fiasco that ain't happenin'
Come with me if you want to live....
  • #303,579
  • Mar 14, 2012 1:49am Mar 14, 2012 1:49am
Quoting Ill-b-back
#%*^, get a new computer bro, that sucks. Pm me your Skype if you like. %*^#

and what is this #%*^?
I trade to live
  • #303,580
  • Mar 14, 2012 1:51am Mar 14, 2012 1:51am
Quoting Ill-b-back
Oh no, put I'll-b-back and Ubu together, and we get another NFP fiasco that ain't happenin'
HA HA HA that ain't happening bro!!!
I trade to live
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