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Cable Update (GBPUSD)

  • #310,921
  • May 2, 2012 4:18am May 2, 2012 4:18am
fibs fibs fibs

76.4% 6617-5234 at the 6300 current weekly hi, that 5 fib cluster at yesterday's/today's current lo, 38.2% halts the recovery off today's lo - ie 38.2% 6300-today's current lo and pullback from there at 50% of the move up from today's current lo-that 38.2%

Good, all clear then !

G/L
ex member
  • #310,922
  • May 2, 2012 4:19am May 2, 2012 4:19am
Quoting bbmac
thanks as always.

G/L

always welcome buddy
  • #310,923
  • May 2, 2012 4:23am May 2, 2012 4:23am
Bears will be in control this week. That is, a small bear inside a big bull Bulls need to take a rest for now until we have a decent retrace, and then come back for another attack on ~1.63

I am short from 1.6223. Targeting 1.61/1.608 at least.

From there I will reload the longs. 1.7 is on the horizon.
  • #310,924
  • May 2, 2012 4:28am May 2, 2012 4:28am
eyes to the downside or will yesterday's lo hold as support - not looking the likeliest outcome at the moment re PA ?

G/L
ex member
  • #310,925
  • May 2, 2012 4:28am May 2, 2012 4:28am
Break of 1.619 looks inevitable
  • #310,926
  • May 2, 2012 4:29am May 2, 2012 4:29am
Quoting Bones
down
i like being on the same page as u
  • #310,927
  • May 2, 2012 4:36am May 2, 2012 4:36am
Quoting diggo
Break of 1.619 looks inevitable
That word doesn't figure in weighing up the greater probability ! Lol

G/L
ex member
  • #310,928
  • May 2, 2012 4:41am May 2, 2012 4:41am
So guys,

GBP is not going up on bad news this morning??
Such a shame, LOL




Seb
  • #310,929
  • May 2, 2012 4:42am May 2, 2012 4:42am
Quoting diggo
Bears will be in control this week. That is, a small bear inside a big bull Bulls need to take a rest for now until we have a decent retrace, and then come back for another attack on ~1.63

I am short from 1.6223. Targeting 1.61/1.608 at least.

From there I will reload the longs. 1.7 is on the horizon.
Nice, romantic view. 1.7, nice.

I like it.


Seb
  • #310,930
  • May 2, 2012 4:55am May 2, 2012 4:55am
residual demand at the current daily lo/yesterday lo ?

1hr rangy-bearish atm..

G/L
Attached Image (click to enlarge)
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ex member
  • #310,931
  • May 2, 2012 5:19am May 2, 2012 5:19am
i see all is well positioned today..

wish massive down pressure to all of us.

God bless & good luck all.

Later guys.
  • #310,932
  • May 2, 2012 5:52am May 2, 2012 5:52am
once we can get a confirmed 4h closed below 6180, the bear party starts..
  • #310,933
  • May 2, 2012 5:57am May 2, 2012 5:57am
Quoting A-speculator
once we can get a confirmed 4h closed below 6180, the bear party starts..

hopefully i can get out of this mess soon
  • #310,934
  • May 2, 2012 5:58am May 2, 2012 5:58am
Quoting A-speculator
once we can get a confirmed 4h closed below 6180, the bear party starts..
i guess it will on 5975
  • #310,935
  • Edited 6:06am May 2, 2012 5:58am | Edited 6:06am
the bears win the battle at yesterday's lo after some residual demand is swallowed up by supply.

@/below the current daily lo

6175/73 23.6% 5769-6300 / 6173 85.4% 6151-6300
[ 6164-45 prev 4hr sw hi zone incl 6163 = 61.8% 6077-6300
[ 6164-51 prev 4hr/1hr sw lo zone incl 6155 = Daily S2 @/around
6139-31 prev 1hr minor sw lo zone incl 6135 = 23.6% 5769-6300, and 6132 = Weekly S1 @/around
6130 76.4% 6077-6300
6126 Daily S3 @/around
6118-11 3 fib cluster incl 6112 = Monthly Pivot @/around, and 6111= 85.4% 6077-6300
6098 38.2% 5769-6300
6090-87-80 prev minor Daily/4hr/1hr sw lo zone
6080-75 prev 4hr/1hr sw lo zone
[ 6058-48 3 fib cluster
[ 6055-24 prev minor weekly/Daily sw hi zone (non immed)
[ 6045-41-36 prev 4hr/1hr sw lo zone incl 6035/34 = 50% 5769-6300/38.2% 5601-6300
6019-07 prev 4hr/1hr sw lo zone
6002 61.8% 5817-6300 & Weekly S2 @/around
5995 61.8% 5805-6300
[ 5982-66 prev minor Daily/4hr sw hi zone (non-immed) incl 5971=61.8% 5769-6300
[ 5970-62-57 prev 4hr sw lo zone
5952 50% 5601-6300
5932 76.4% 5817-6300
[ 5930-25 ascending Daily t/line on present Daily candle (Weds)
[ 5928 Weekly S3 @/around
[ 5926 Monthly S1 @/around
5923 76.4% 5805-6300
5910-5893 prev 4hr sw lo zone incl 5894 = 38.2% 5234-6300 and 76.4% 5769-6300
5889 85.4% 5817-6300
5879 85.4% 5805-6300
5873-60 prev 4hr sw lo zone incl 5869 = 61.8% 5601-6300
5847 85.4% 5769-6300
5824-16-03-5799 prev Daily/4hr swing lo zone (prev wkly sw lo zone to 5803)
5796-88-5769 prev Daily/4hr sw lo zone incl 5769 = 76.4% 5601-6300 and 50% 5234-6300

NB: minor 4hr swings 5681, 5893, 6007 and 6036 all to 6300 not included in analysis above re fibs

G/L
ex member
  • #310,936
  • May 2, 2012 6:01am May 2, 2012 6:01am
Quoting nAVIN2007
hopefully i can get out of this mess soon
what mess, mate? i thought everything has been sorted out already..
  • #310,937
  • May 2, 2012 6:02am May 2, 2012 6:02am
Quoting bbmac
the bears win the batlel at yesterday's lo after some residual demand is swallowed up by supply.

@/below the current daily lo

6175/73 23.6% 5769-6300 / 6173 85.4% 6151-6300
[ 6164-45 prev 4hr sw hi zone incl 6163 = 61.8% 6077-6300
[ 6164-51 prev 4hr/1hr sw lo zone incl 6155 = Daily S2 @/around
6139-31 prev 1hr minor sw lo zone incl 6135 = 23.6% 5769-6300, and 6132 = Weekly S1 @/around
6130 76.4% 6077-6300
6126 Daily S3 @/around
6118-11 3 fib cluster incl 6112 = Monthly Pivot @/around, and 6111= 85.4% 6077-6300
6098 38.2% 5769-6300
6090-87-80...
still too soon to say bears won already mate.. no break no shaq yet.. lol.
  • #310,938
  • May 2, 2012 6:04am May 2, 2012 6:04am
Quoting A-speculator
what mess, mate? i thought everything has been sorted out already..

..
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  • #310,939
  • May 2, 2012 6:06am May 2, 2012 6:06am
Quoting nAVIN2007
..
oh my.. i'm sorry to see that mate. i never expect you to go that aggressive..
  • #310,940
  • May 2, 2012 6:07am May 2, 2012 6:07am
I said they won the battle at yesterday's low - not the war ! Lol

G/L

Quoting A-speculator
still too soon to say bears won already mate.. no break no shaq yet.. lol.
ex member
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