Cable Update (GBPUSD)

in my view as long as quarter candle close above yearly-open, my imho this quarter candle will tell us "something"

my view : http://www.forexfactory.com/attachme...1&d=1332554465

candlestick analysis..no system..just my interpretation..i am the system

I agree but theres always a retrace..many are short and it needs to remain this way...i think very differently but to me 1.7 can be reached and still cable will find mass sellers

What seems rational is not always rational.........so just that someone may short 10 full lots at this price level....this does not mean you have to follow - Pimco said that they see being SHORT GBP and EURO is where they are positioned........well take it with a grain of salt.........I can tell you that I am long or short or sidelines.....but unless I post my trading platform (which I have done many many times in the past) you really never know what my position is.....

Sooooo in the long run - what I can I say.


There is more bullshit posts here then good calls......you have to be able to figure out what is Bullshit......and what is not........tough thing to do. You also have to figure out what time frame people are trading......that is very important.....

It is the weekend......what can I say.......hope everyone is well.......

Let's see what Sunday show us......

Faller.

Hope all are enjoying weather as fine as it is here in France.

Given the recent discussions upon TLs, etcetera, I thought I would look at what may be applicable to the latest swing - albeit dating from 2008 to 2009.

Ah well, the financial Armageddon that I have been postulating upon the last few weeks appears to have, well, fizzled.

However, as stated, the conditions for such an event were ever so deftly avoided, although I still contend that certain default is inevitable. And, did anyone notice the ECB buying up bonds for fun on Friday… almost like watching an Anteater scooping up fleeing ants to contain a panic from spreading out of reach.

Without referring to the friends that I have who I believe state their opinions in earnest, the following may help to possibly explain yesterday’s pump:


Greece has extended the deadline for foreign law bondholders to swap notes for a second time, giving investors until April 4 to sign up to PSI, a source said. (Me: let us not forget it was supposed to be this week.)

On March 9, Greece said that 69% of these bondholders had agreed to participate and extended the deadline until this evening at 2100 CET. Therefore, only €9bn nominal of Greek bonds are not participating in the PSI but the sovereign has taken a hard line against these without explicitly stating that it will default.

The PSI would see investors swap their paper for a range of instruments worth nominally 53.5%.

Greece could continue to extend the deadline with the real day of reckoning not due until May 15.

“The real deadline is May 15 - that’s judgement day as its the maturity of the holdouts’ bond of choice,” said the source.

On May 15 Greece has a €450m floating rate note that matures. Its price has consistently held up above 80% of par, more than double most old Greek bond prices.

Holdouts from the PSI are targeting several lines of bonds, including small issues by state-owned Hellenic Railways maturing this year.

Any non-payment of the foreign law bonds would then spark a cross-default and provoke further actions by holders of larger issues, such as the €5.6bn 2016s. The latter have doubled in price since the first deadline on March 8, to 58 cents in the euro.

(Copied from: http://www.ifre.com/update-greece-ex...008056.article)


And of course, you have the criminal-elite in EuroLand - and they are criminals as they have broken many laws recently, but of course, enacted laws that make them immune from prosecution for their actions, whilst if we were to do the same, would find ourselves incarcerated - dismissing comments from the likes of Pimco in regards to Portugal, and brushing aside the fact that there is again this week an increasing price for bonds issued from Spain and Italy. One can always tell when the pressure is on, as the clowns in Brussels issue timely soundbites that to the layman, are total nonsense, but allow for the show to carry on...

As always, I remain disgusted with the self-serving elite who will stop at nothing to protect the meals presented at their table, whilst the rest of us scramble for the crumbs left on the floor. Only when the whole tower comes crashing down, will these bastard be brought to justice – well, one hopes, although in this modern world, they will be well protected from the anarchy that could prevail.

Forgot to reply to this.

Most of us here are not professional traders in any true sense of the idea, but those amongst us who are honest in admitting that we can be wrong, are more worthy of recognition than others.

Pff, if more of my suppositions were correct, I would have expected to have made my million and retired by now, or been snapped up by an investment/trading institution some time ago. As my market appreciations often fall short, I have not moved into the big league.

The vouch is - in addition to analysis that is no more, or less, valid than most other traders on this forum - for having the grace to admit when not knowing.

That is in no way meant to be an insult of any kind. Indeed, if anyone deserves some insult sometimes, it will be yours truly for some of the howlers posted when trying to decipher fundamentals, let alone the technicals.

Anyway; glorious day here in France... hope it is for you, too, down under. Last time I was in Syndey I spent 7 weeks in the Westin hotel- commuting to Pymble each day to work - so not out of my wallet - and never a bad day of weather did I have.

how's trading navin

not sure brother..i havent pushed a button in tree months
how are u, man?

GBPUSD seems a bit choppy and I'm waiting for daily close 1.59, but I think GBPAUD might be ready to go up. Heres my analysis for the upcoming week:

imho, cable currently have resistance at 5900 and 1.6, which very close to each other if you seeing it from daily perspective.

if i would go long, i think my position will be after the breakout-pullback of 1.6. to tell the truth, hard for me to made decision for long at where we are now, but i know some of us quite bullish on the PA recently but to me as long as the price remain below that level, i am still siding with the bears.

As of today, i have a small short at 5877 (this assuming the 5880 resistance intact - i'm not taking the 5900 resistance since i'm considering only small SL level for this position).

As of today, i will have most of my time on my research on the time factor of the market and i think i will not be as frequent as i am on posting at forexfactory.

Thanks to all who has given me the good advise, critiques and the time to read all my post/analysis. And i would like to express my appreciation to those who has given me the vouches, lastly, thanks everyone and i hope this thread can be a very useful resource in trading.

Green pips and god bless y'all.

See you all later..

Good morning all

feeling unwell recently..

I missed a lot of good talk here I guess..

I hope everyone doing fine..

so much headache as I'm typing now

monday sickness for sure at workplace!!

Cheers

S & R (H1)
IMHO





G/L

it is holding up 1.5840 very well.

it does BUT nothing happens in terms of going UP, therefore, I assume it should go down

anyone got some toilet paper?

cable sure took a nasty shit.....

I add more s&r line in it...hehehe



IMO

G/M,

Mini 4hr/hr range 5768-5922 within the broader 5991-5601 Daily range foing on now. Last week's slightly bullish weekly candle has seen some downside so far today/this week !

Intraday bearish so far with downside breech of ascending 4hr and 1hr trend lines.

@/below the current daily lo:

5802-97 prev minor 1hr sw lo zone incl 76.4% 5769-5908
5789-82 prev 1hr sw lo zone incl 5789 = 85.4% 5769-5908, and 5783 = Weekly S1 @/around
5782-68 prev minor Dly/4hr/1hr sw lo zone incl 5778 50% 5633-5922, and 5770 50% 5619-5922
5761 50% 5601-5922
5756 Daily S2 @/around
5750/47 2 x fibs
5744 61.8% 5633-5922
5741-34-22 prev 4hr sw hi x 3 zone (non-immed) incl 5735=61.8% 5619-5922 and 5724 = 61.8% 5601-5922
5725-15 4hr ascending t/line coming thru on present 4hr candle
5712 Monthly S1 @/around
5708 Daily S3 @/around
5706-5697-93 prev 4hr/1hr sw lo zone incl 5702= 76.4% 5633-5922 and 5700 = Weekly S2 @/around
[ 5690-695 Daily ascending t/line coming thru on present 4hr candle
[5690 76.4% 5619-5922
5685-80 prev 1hr sw hi zone (non-immed)
5677 2 x fibs (76.4% 5601-5922/85.4% 5633-5922)
5663 85.4% 5619-5922
5649 85.4% 5601-5922
5646-42-32 prev Daily/4hr/1hr swing lo zone incl 5631 = Weekly S3 @/around
5624-19 prev 4hr/1hr sw lo zone
5612-00 prev minor 4hr/1hr sw lo zone incl 5612= 50% 5234-5991
5595 85.4% 5528-5991
5554-29 prev 4hr sw lo x 2 zone
5523 61.8% 5234-5991
5504 Monthly S2 @/around
5498-85 prev dly/4hr sw hi zone (non immed)
5456-48 prev minor 4hr sw lo zone
5413 76.4% 5234-5991
5403-5384 prev 4hr sw hi x 2 zone
5364 Monthly S3 @/around
5344 85.4% 5234-5991
5331-20 prev 4hr sw lo zone
5275-60-37 (-34) prev Daily X2 /4hr X3 swing lo zone
　
G/L　
　
　
　
　
　

The immediate 1hr picture is as below

G/L

2 x fractal HL's and a H -the H above the last 3 x LH's now off that recent 5601 LL on daily t/f, so somewhat bullish withinthat overall 5991-5601 ranging PA...intraday not looking good for that 2nd HL so far but anything can happen !

G/L