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Cable Update (GBPUSD)

  • #310,861
  • Edited 4:11pm May 1, 2012 3:45pm | Edited 4:11pm
Quoting KillerWhale
nAVIN what's your opinion?
Will we see 1.6160 and 1.6086?
I mean in the next few days? Like this week?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #310,862
  • May 1, 2012 5:38pm May 1, 2012 5:38pm
Quoting KillerWhale
nAVIN what's your opinion?
With we see 1.6160 and 1.6086?

For me.....

I see daily rolling over - I have been watching a complex head and shoulders pattern build for a long time now......so daily is rolling over 4 hours is consolidating sideways, as is the one hour. Getting lots of jumpy price action on the lower time frames which says a lot -

Right now I am on the sidellines - traded yesterday but no trades today....sitting watching and waiting - we are at an interesting cross road right now - we have dropped back down into the daily rising channel from the beginning of the year - I am bearish and have been bearish for the past month or so - but I am a price action trader.....so I will go long or short but bias is short.

To give targets - to the upside we could hit nAVINS's targerts of 1.65 or more if it starts to break north - to the down side I have 1.6212 as support, then 1.6168 then a pretty big area down to 1.6083 - if momenetum comes in as we drop it could be fast.

Just my views - of course market will know best and show as we go.

Faller.
I don't trust any move - when you have profit...take it.
  • #310,863
  • May 1, 2012 6:07pm May 1, 2012 6:07pm
Quoting Faller
For me.....

I see daily rolling over - I have been watching a complex head and shoulders pattern build for a long time now......so daily is rolling over 4 hours is consolidating sideways, as is the one hour. Getting lots of jumpy price action on the lower time frames which says a lot -

Right now I am on the sidellines - traded yesterday but no trades today....sitting watching and waiting - we are at an interesting cross road right now - we have dropped back down into the daily rising channel from the beginning of the year - I am bearish...
either we are at 1.6120 or 1.6300 area by wensday
  • #310,864
  • May 1, 2012 6:11pm May 1, 2012 6:11pm
Quoting PoundTrader
either we are at 1.6120 or 1.6300 area by wensday
What makes you so sure?
New voice message: Why are you calling me? If I need you, I'll call you!
  • #310,865
  • May 1, 2012 6:53pm May 1, 2012 6:53pm
Quoting KillerWhale
What makes you so sure?
http://www.easyfreesmileys.com/smile...r-stealing.gif
  • #310,866
  • May 1, 2012 7:44pm May 1, 2012 7:44pm
GBPNZD shooting back up again WTF?!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #310,867
  • May 1, 2012 7:48pm May 1, 2012 7:48pm
Quoting bguguen
GBPNZD shooting back up again WTF?!
perhaps it's because of the kiwi moving down..

mate, i think you should check the cross pairs also which are related to both currency to fully understand synthetic pairs behavior.. unlike the majors, synthetic pairs need a lot more homework to trade.. imho.

if you can't keep up doing the analysis, perhaps maybe better to just stick with the majors.. just my 2 cents.
  • #310,868
  • May 1, 2012 7:57pm May 1, 2012 7:57pm
oh i love fiber..

looking forward to see the breakout of 3200 to confirm the bearish mid-term view..
  • #310,869
  • May 1, 2012 8:03pm May 1, 2012 8:03pm
-
  • #310,870
  • May 1, 2012 8:58pm May 1, 2012 8:58pm
where is the Ill B Back? I love your comments about the market it almost always hits. Appears here my friend. I would love to know what you're thinking of the market at this time.
Hugs ..
  • #310,871
  • May 1, 2012 9:03pm May 1, 2012 9:03pm
The only way not to think about money is to have a great deal of it
  • #310,872
  • May 1, 2012 11:02pm May 1, 2012 11:02pm
cable slightly getting bullish
The market will deceive you. Make your own judgement.
  • #310,873
  • May 1, 2012 11:41pm May 1, 2012 11:41pm
watch that small uptrend
  • #310,874
  • Edited 12:29am May 2, 2012 12:16am | Edited 12:29am
Quoting fontu
still there ! crazy wants protect 6153 while as usual corrective bear need to break it to proceed . so a tag of war comes up & probable diamond like swing may develop . smaller tf ,so likely no respect to diamond & may try for invalidating it with or without breaks 6153.breaks & bounce can be real crazy run up , not break a classical crazy to ready correction again at some up only .

point: reaction low 6191 & 86 may test again & again with or without breaks 6153 , all in a invalidating diamond . same violent up as down if diamond works. again...
Morning , progress ok within the expected levels of the swing.
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usd32.gif Size: 18 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #310,875
  • May 2, 2012 12:51am May 2, 2012 12:51am
Quoting fontu
Morning , progress ok within the expected levels of the swing.
fontu
Good take fontu! Great to see you again sir! Let's see how big the bear will be... GL!

Ps.. your diamond is no good for bear nor bear untill break but wish you luck sir!
  • #310,876
  • May 2, 2012 12:59am May 2, 2012 12:59am
Quoting Chillypiper
Good take fontu! Great to see you again sir! Let's see hoe big the bear will be... GL!

Ps.. your diamond is no good for bear nor bear untill break but wish you luck sir!
Thanks ,bear may not any good even this small diamond swing works , hope not as market always try abort any diamond like swing & at the same time I see uj chart now , grossly should bull environment there , that is risk appetite market. usd weaken against risk currencies likely then .

true but can get a good swing levels even works or not & whatever can be equally violent both cases at least .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: usd31.gif Size: 7 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #310,877
  • Edited 1:31am May 2, 2012 1:07am | Edited 1:31am
Quoting fontu
Thanks ,bear may not any good even this small diamond swing works , hope not as market always try abort any diamond like swing & at the same time I see uj chart now , grossly should bull environment there , that is risk appetite market. usd weaken against risk currencies likely then .

true but can get a good swing levels even works or not & whatever can be equally violent both cases at least .
fontu
Yes, yen is risk off, or safe heaven too, but see change in market as of late..GU is safety last week and yen too maybe weaken....
Attached Image (click to enlarge)
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  • #310,878
  • May 2, 2012 2:21am May 2, 2012 2:21am
watching GU closely :-)
The market will deceive you. Make your own judgement.
  • #310,879
  • May 2, 2012 2:31am May 2, 2012 2:31am
A clear hourly candle close above 1.6246 today would take us to 1.6320+
The only way not to think about money is to have a great deal of it
  • #310,880
  • May 2, 2012 2:33am May 2, 2012 2:33am




She might retest 285 b4 the great fall








Patterns have an underlying mathematical structure.
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