Cable Update (GBPUSD)

yes people are late in reading price.
maybe because most read indicators and listen to news?!

why have a 94% succesfull trading strategy while possible have a 1000% one?

good luck with your blog.

http://www.easyfreesmileys.com/smileys/computer-11.gif

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Can anyone tell me Gu will come back 1.60 soon ??? i am in a fix

Hi guys . here i wanted to tell you about crab pattern of GBPUSD . do not loose pips

How can this be True ?


MEMO :
I'm so sorry... have been Disruptive !

My prediction is that on GBPUSD - globally are ready to go down!
For more information:
If we slow down to 1.6375, then go to 1.4860
If the brake at the 1.6480, then go slower, but lower than in the area of ​​1.4700
Well, if a brake on 1.6640, then more slowly, go to 1.4914

Of course a long time to wait .... August - October, but there is a bonus can stretch up to 1.44 .....

Hey fellow forex crack addicts
Stop hunting can be very subjective.
I prefer focus on pa , break outs of any pattern are normally violent, wether tech correct or false, many time they can be percieved as stop hunt, however, again I prefer focus on PA, high percentage of break outs, can be traded many different ways,
For cable, Daily attached, the UTL of the wedge has produced many pip for us,

Charts Daily note the 2 previous breakouts, a, desending channel approx 350 pip, b, falling wedge, approx 260 pip and the present breakout of the falling wedge approx 100 pips todate, these pips are only the violent drive on bo, the important thing for us is the retest of each breached tl, approx 20% more pips than the original drive outs,

Wether the bo outs were tech correct is not important, reality is they happened, each time they could be conscrued as stop hunts, however once the retest and rejection is completed, thus confirming the bo.

Chart 4hr Clear signs the utl of the falling wedge was under attack and eventually the violent BO, some are calling unusual, I think just another bo.
However this BO has driven stright into good resistance, although not right through to the confluence of the descending tl,s it is sitting in middle of a possible shorting zone, for the retest atleast.

Chart 1hr The utl of the daily falling wedge clearly under attack, could this be classed as a retest, I dont think so, pa basically snaked the tl until BO, I believe the retest is yet to happen, and if the daily falling tl holds, this should/could drive her back down for a retest of the breached utl of the present falling wedge

Personally I will be looking to start shorting her If PA can get below Mondays Open, Preferably Tuesdays open being May Open, either will do, and be looking to PB at retest, off setting sl risk and maintaining our sl,

If she ping pong between the 2 red tl,s we will keep trying to build a position
It is our conclusion that she will fall and when she does she will fall hard.

Are we trying to pick a top, yes sticky finger,
If she breaches the daily desending TL, we will reassess and find similar levels to do as above, for bulls I think job is easier, if she breaches the Daily desending TL she will as usual on any break out, be a violent skyrocket and be nice bull pips,
I am just warning "bears" are just above price now, and they hungry for a scrap,

coz too many posting and debating bro !

you always wanna do the opposite of FF, , just kidding

Then a scrap they shall get

bullish possibility

my analysis is posted here..cant be bothered to do it in here as well

http://www.forexfactory.com/showthre...60#post5619760

if interested

Yeah , seems so as possibilty but still not that reliable correction up any great even with more craziness ! may only follow level by level as per previous analysis & not stickly any side yet , posted earlier .

fontu

Bears won this battle Nov. 2011.. Interesting Fib here also @ 6282..GL!

Good day to you,

Was stopped out Friday @ 1.6250 on my 1.6221 short. So gave back half of my earlier gains. ( short I went in on Thursday - see previous posts).

I believe we are building a bull trap on the 30 min chart - this trap is forming from 1.6200. I will thus go short again around 1.6265 to attempt to profit from this. This is purely an indicator based decision.

I am NOT saying at this point in time that the uptrend is over.... I am just saying that relief from the current levels should be on it's way.

Each to his/her own - this is what I will be trading for the next few session.

Wish you all success

Regards and trade well

rsi hinting for a new high, but before that we should see a retracement, maybe back to latest consolidation area 1.1615, then upmove could end at weekly trend line around 1.632 to 1.634 area

After the strong close last week, we should see a test of the 1.63 area early next week. I have a PO @ 1.6210 (support area); SL 1.6180; TP 1.6270.

Hope everyone has a good week!