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Cable Update (GBPUSD)

  • #308,501
  • Apr 17, 2012 2:46am Apr 17, 2012 2:46am
Hi guys,

WTF candle.



I'm still short untill 1.6.


Seb
Attached Image (click to enlarge)
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  • #308,502
  • Apr 17, 2012 2:46am Apr 17, 2012 2:46am
Quoting iqyu5an
Gmf..
  • #308,503
  • Apr 17, 2012 2:56am Apr 17, 2012 2:56am
Quoting Ill-b-back
You mighty fond of the Good old USA for a Canadian bro Maybe we hijacked this thread enough?
It was a good hijack between you 2- very interesting to me, with good links. The regulars on this thread chat some good stuff.
  • #308,504
  • Apr 17, 2012 3:04am Apr 17, 2012 3:04am
Nice to see Tau posting again. Good morning...

Days like this, when Asia and London don't agree, I tend to leave alone. Looks like a strong hourly close above yesterday's high, though. Very bullish looking. It could be a trap. European auctions - bond yields - hot air balloons - all in play today. If I were to trade, I would short here. I think that trend line is going to be taken out soon.
Gone to a better place
  • #308,505
  • Apr 17, 2012 3:06am Apr 17, 2012 3:06am
G/M,

Strong move up following the pullback to 5860 after yesterday's Daily t/f Bullish hammer candle close.

Below current price per near-term current 1hr screenshot below.

Immediately @/above current price as below:

5920 = 61.8% 5983-5817
5920-25 Descending 1hr trend line on present 1hr candle
5930 76.4% 5966-5817
5932 Daily R1 @/around
5944 76.4%/85.4% 5983/5966-5817
5949 Weekly R1 @/around
[ 5955-66 prev 4hr/1hr sw hi zone
[ 5960 Descending Daily/4hr trend line on present 1hr candle
[ 5966-68 prev 1hr sw hi zone incl 5967 = Daily R2 @/around
5974-83 prev 4hr sw lo zone & minor Daily/4hr/1hr sw hi zone
5988 76.4% 6045-5803
5995-6004 prev minor 4hr sw lo zone (non immed) incl 6000=76.4% 6061-5803
6010 85.4% 6045-5803
[ 6020-25 Descending Daily trend line on present Daily candle
[ 6023 85.4% 6061-5803
[ 6025 Daily R3 @/around
6039-45 prev 4hr sw hi zone
6050-55 Descending Daily trend line on present Daily candle
6053-61 prev Daily/ 4hr sw hi zone incl 6954 = Weekly R2 @/around
6075-92 prev Daily sw hi zone incl 6087= 61.8% 6617-5234
6103-15-30 prev Daily sw hi zone incl 6125 = Weekly R3 @/around
6136-65 prev Wkly/Daily sw hi zone incl 6163= 76.4% 6454-5234 and Monthly R1 @/around
6167 61.8% 6746-5234
6240-80 prev minor Daily sw lo zone (non immed) incl 6275= 85.4% 6454-5234
6289 76.4% 6617-5234

Uk data @ 0930am bst

G/L
Attached Image (click to enlarge)
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ex member
  • #308,506
  • Apr 17, 2012 3:11am Apr 17, 2012 3:11am
The last 1hr candle closed was a master bullish engulf x 14 thrust b/o of previous hi/yesterdy's hi..- a very bullish candle.

G/L
ex member
  • #308,507
  • Apr 17, 2012 3:12am Apr 17, 2012 3:12am
Quoting hutrader
Morning.
I have for cable the following to the downside and upside as targets in case I'd trade it.

Shorts for : 1.5777 - 1.5675 - 1.5592 - 1.5512
Longs: 1.5927 - 1.5990 - 1.6041 - 1.6093

These are based on 3 days PA.
Cable stalling around 1.5927 for now a clean break above will target 1.5990 area
  • #308,508
  • Apr 17, 2012 3:14am Apr 17, 2012 3:14am
Quoting smikester
Nice to see Tau posting again. Good morning...

Days like this, when Asia and London don't agree, I tend to leave alone. Looks like a strong hourly close above yesterday's high, though. Very bullish looking. It could be a trap. European auctions - bond yields - hot air balloons - all in play today. If I were to trade, I would short here. I think that trend line is going to be taken out soon.
Good day to you, sir

Thank you for the post- I think my view may be slightly directional at the moment. I'm staring and staring... looking and looking. But had to short again @ 1.5927...

1.5948 carries my blade.

All success to you

Regards
  • #308,509
  • Apr 17, 2012 3:17am Apr 17, 2012 3:17am
...
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  • #308,510
  • Apr 17, 2012 3:21am Apr 17, 2012 3:21am
Quoting bbmac
The last 1hr candle closed was a master bullish engulf x 14 thrust b/o of previous hi/yesterdy's hi..- a very bullish candle.

G/L
...and this is why I'm short.
  • #308,511
  • Apr 17, 2012 3:23am Apr 17, 2012 3:23am
pullback from the current daily hi -classic patterns of bearish div to 3min there, 3min shown below...

Will we see an upside follow thru on that last 1hr candle close ?

G/L
Attached Image (click to enlarge)
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ex member
  • #308,512
  • Apr 17, 2012 3:26am Apr 17, 2012 3:26am
that doesn't make much sense - at least not to me anyway lol !

G/L

Quoting Flynchenberg
...and this is why I'm short.
ex member
  • #308,513
  • Apr 17, 2012 3:28am Apr 17, 2012 3:28am
Quoting bbmac
that doesn't make much sense - at least not to me anyway lol !

G/L
Hint: too much too fast up.
  • #308,514
  • Apr 17, 2012 3:28am Apr 17, 2012 3:28am
Currently re overall price action (opa) - peak/valley analysis

Daily Bullish - rangy
4hr Rangy
1hr general opa uptrend.

G/L
ex member
  • #308,515
  • Apr 17, 2012 3:30am Apr 17, 2012 3:30am
I agree it was at the current daily hi 'overbought' on the shorter t/f's but the dip has found demand at the previous minor 4hr/1hr swing hi zone around yesterday's hi ..it's a bullish scenario 1hr and below at the moment - until PA tells me otherwise.

G/L

Quoting Flynchenberg
Hint: too much too fast up.
ex member
  • #308,516
  • Apr 17, 2012 3:34am Apr 17, 2012 3:34am
i got a pending short at 1.5940 target 1.5850

Update... short just got triggered....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #308,517
  • Apr 17, 2012 3:37am Apr 17, 2012 3:37am
Right now there was a strong jump to the level of 1.5944. I think that at price will go uptrend for max10pips and after that there will be a downtrend till 1.5777 level.
  • #308,518
  • Apr 17, 2012 3:38am Apr 17, 2012 3:38am
This is what I am see-ing at the current daily hi and just above

5944 76.4%/85.4% 5983/5966-5817
5949 Weekly R1 @/around
[ 5955-66 prev 4hr/1hr sw hi zone
[ 5960 Descending Daily/4hr trend line on present 1hr candle
[ 5966-68 prev 1hr sw hi zone incl 5967=Daily R2 @/around
5974-83 prev 4hr sw lo zone & minor Daily/4hr/1hr sw hi zone

G/L
ex member
  • #308,519
  • Apr 17, 2012 3:38am Apr 17, 2012 3:38am
Come on bulls, is that all you got?
Attached Image (click to enlarge)
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  • #308,520
  • Apr 17, 2012 3:44am Apr 17, 2012 3:44am
Quoting hutrader
Cable stalling around 1.5927 for now a clean break above will target 1.5990 area

Looks like the stall at 5927 area was more like profit taking. Buy on pullbacks for a push towards 5990 I think
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