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Cable Update (GBPUSD)

  • #310,701
  • May 1, 2012 4:00am May 1, 2012 4:00am
Quoting Bones
Well its all subjective if it is not that powerful ? I called it harami ignoring the wick ,but really I don't think it matters ,a change was seen simples

Ideally close below 50% down of bullish candle for dark cloud the lower the better ,I'm still thinking thats not the top Nav ,
its very difficult to tell..quarterly to me is telling 1.65 is a good area to reach..i still fancy 1.6050 area at least..the upmove isnt looking fantastic on dailly and the ranges are very poor..

i mean an extra 160 pips down..on weekly is looking like we are heading lower..i personally am confused about direction..one part of me is thinking 1.5 is possible but usd is bearish i feel on index

PA i guess will indicate lower down..
1.60 to watch also 1.650 -1.60
  • #310,702
  • May 1, 2012 4:05am May 1, 2012 4:05am
Ideally id like this to fall back
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp 1-5.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,703
  • Edited 4:27am May 1, 2012 4:12am | Edited 4:27am
30m hammer in cable
  • #310,704
  • May 1, 2012 4:14am May 1, 2012 4:14am
smart recovery off that previous 1hr swing hi and 5 fib cluster to 6187 decent 1min entries upwards and the 30min closed as a bullish hammer with the classic regular bullish div pattern.

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30min rev d.jpg Size: 88 KB
Click to Enlarge Name: z.jpg Size: 68 KB
ex member
  • #310,705
  • May 1, 2012 4:15am May 1, 2012 4:15am
the dip is a buying opportunity for many to get back involved in 4hr/daily uptrend ! No big surprise. - you sound as though you are short ? 1hr still looks weak ?

G/L

Quoting iPipSnatcher
so sick of this what is cable doing bouncing that hard and that early... stupid 30 minute pin.
ex member
  • #310,706
  • May 1, 2012 4:16am May 1, 2012 4:16am
Trend in tack ,I have no idea really If that line will hold but it lines with daily candle printed yesturday (confluence very powerfull) ,actually unless its long term not a a lot of success with tls at all ,S+R is very reliable


Quoting Bones
my neck on line lol ,up
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h4 1 -5 no 10.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,707
  • May 1, 2012 4:23am May 1, 2012 4:23am
downtrend still holding barely even with the 30m hammer. took profit at 6195 and i am now short again 6219 with a tight stop above the peak of the downtrend
  • #310,708
  • May 1, 2012 4:25am May 1, 2012 4:25am
but then it was only a downtrend re overall price action (opa) to 30min/1hr max...and was always most likely to be a pullback in 4hr/daily opa uptrend or at least consolidation off that 6300 hi ?

G/L

Quoting iPipSnatcher
downtrend still holding barely even with the 30m hammer. i'm flat and out for now. took profit at 6195 and i am now short again 6219
ex member
  • #310,709
  • May 1, 2012 4:30am May 1, 2012 4:30am
i dont know i just see the down trend from 1.6235 still intact even after that nice bounce. however at the same time we just hit the lower end of the channel from the longer uptrend from 1.58.

I don't see how it can keep this up (this long rally with small range) for much longer
  • #310,710
  • May 1, 2012 4:32am May 1, 2012 4:32am
1.6200 has been achieved look for close under is where im at

EU Battle with Falling TL should know in a couple of hours


Quoting Bones
Tl then down ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd hh1 01-05.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,711
  • May 1, 2012 4:35am May 1, 2012 4:35am
Time machine =Yes

the gbp took first !


Quoting Bones
Yes Tl Has broke lfx is a time machine
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,712
  • May 1, 2012 4:37am May 1, 2012 4:37am
either the 1.58 to present trend line is going to break or the 1.63 to present trend line will. the range between 6190 (bottom of 1.58 to present channel) and 6225. (top of 1.63 to present channel) one of those will give out, but so far both the mid term bull trend and short term bear trend have both held
  • #310,713
  • May 1, 2012 4:43am May 1, 2012 4:43am
Chart ??

Quoting iPipSnatcher
either the 1.58 to present trend line is going to break or the 1.63 to present trend line will. the range between 6190 (bottom of 1.58 to present channel) and 6225. (top of 1.63 to present channel) one of those will give out, but so far both the mid term bull trend and short term bear trend have both held
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,714
  • May 1, 2012 4:47am May 1, 2012 4:47am
Lol ,I'm not sure how valuable this is ??
Its only a personal view but all you need is price and a few lines ,


Quoting culibate
long position is raising to 21.83%
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,715
  • May 1, 2012 4:49am May 1, 2012 4:49am
Indicator s no ,strats cloud thingy no !

Its just my view

Lfx is handy also in my view
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,716
  • May 1, 2012 4:49am May 1, 2012 4:49am
lfx is good for candles
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,717
  • May 1, 2012 4:52am May 1, 2012 4:52am
yes


Quoting Bones
my neck on line lol ,up
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h4 1 -5 no 11.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #310,718
  • May 1, 2012 4:52am May 1, 2012 4:52am
Good day to you,

I have calculated my target and it's indicated on the chart. 1.6100 - 1.6086.

Will look to re-enter short. Bones - you will be proud of me,,, did it on the 1hr chart

Regards and trade well
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 80 KB
  • #310,719
  • May 1, 2012 4:52am May 1, 2012 4:52am
Would cable break under 1.6185?
Low Daily Volumes.

Have a nice trade to all....
Never Give Up.....
  • #310,720
  • May 1, 2012 4:54am May 1, 2012 4:54am
Quoting Rooi
Whats your target im looking at 0.8183 and then maybe 0.8217

:nerd:
I have 0.8215
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