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Cable Update (GBPUSD)

  • #311,901
  • May 7, 2012 2:33pm May 7, 2012 2:33pm
Quoting nAVIN2007
lets see where she closes today i have an idea we are forming a bullish pennant on weekly so it needs to go toward 1.6270..lets see
Man, this thing is like Titan! My momentum indi shows some dips coming but overall her path seems straight and true.
Come with me if you want to live....
  • #311,902
  • May 7, 2012 2:36pm May 7, 2012 2:36pm
Quoting 45Condor

What do you not like about the daily that you look at?
Sorry, but whenever I try to post a chart it never works out.

We have had 5 consecutive down days. On April 30 it ( for now anyways ) it peaked just above 1.63. Then for the next 5 days it fell to Fridays low of around 1.6150 or so.

Today we had a nice move upward.

A 5 day downward trend and today's (yesterdays) close was above Fridays open. This signal on the Daily has held up in the past. There is more to it than that.

I need to post my chart.

I just see a retest of 1.63 before any meaningful downward movement happens, based on the Daily time frame and nothing else.
  • #311,903
  • May 7, 2012 2:47pm May 7, 2012 2:47pm
Ah, you refer to Cable... sorry thought you were referring to EU.

Hmm... well, I am in the long camp when it comes to Cable, as per my post from earlier. Indeed, as I am short EG, I wish to see Cable rise, which is, I guess, not something that you wish to hear.

I play with Guppy profiles and Fibonacci studies... I pay little attention to consecutive daily candles in one direction - that is not to say that this is not relevant.


Quoting Snarkalarker
Sorry, but whenever I try to post a chart it never works out.

We have had 5 consecutive down days. On April 30 it ( for now anyways ) it peaked just above 1.63. Then for the next 5 days it fell to Fridays low of around 1.6150 or so.

Today we had a nice move upward.

A 5 day downward trend and today's (yesterdays) close was above Fridays open. This signal on the Daily has held up in the past. There is more to it than that.

I need to post my chart.

I just see a retest of 1.63 before any meaningful downward movement happens,...
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #311,904
  • May 7, 2012 3:04pm May 7, 2012 3:04pm
Quoting Snarkalarker
I am short on this pair right now and did feel pretty good about my setup until I took a look at the daily chart. Judging by that time frame alone I wish I could take it back.

One might ask, " Then get out and take your loss if you feel that way, you are not down very much at the time being."

The veterans on here can help me on this one. At the present time I still do not see much upside potential on this pair at least in the near or intermediate term.

Only time will tell.
I'm short EU 1.3060
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  • #311,905
  • May 7, 2012 3:04pm May 7, 2012 3:04pm
Quoting KillerWhale
I'm short EU 1.3060
But I really don't know what to do with GU at the moment
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  • #311,906
  • May 7, 2012 3:10pm May 7, 2012 3:10pm
Quoting nAVIN2007
lets see where she closes today i have an idea we are forming a bullish pennant on weekly so it needs to go toward 1.6270..lets see
That would be nice
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  • #311,907
  • May 7, 2012 3:44pm May 7, 2012 3:44pm
Looks like we might be ranging between 63 and 60/6050 this week. I have a really interesting template I'll post after work. See what happens.
Come with me if you want to live....
  • #311,908
  • May 7, 2012 3:46pm May 7, 2012 3:46pm
Quoting Ill-b-back
Looks like we might be ranging between 63 and 60/6050 this week. I have a really interesting template I'll post after work. See what happens.
A close @ 1.6050 would mean more bear to come
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  • #311,909
  • May 7, 2012 3:51pm May 7, 2012 3:51pm
Quoting KillerWhale
A close @ 1.6050 would mean more bear to come
I'm actually looking forward to a possible touch at and close above 60/650. This MAY present me with a great buy opportunity, but will not know until we get there.
Come with me if you want to live....
  • #311,910
  • May 7, 2012 3:54pm May 7, 2012 3:54pm
Quoting Ill-b-back
I'm actually looking forward to a possible touch at and close above 60/650. This MAY present me with a great buy opportunity, but will not know until we get there.
Likely 6050
Come with me if you want to live....
  • #311,911
  • May 7, 2012 4:05pm May 7, 2012 4:05pm
Quoting Ill-b-back
Likely 6050
Or it maybe 6080 or something, not sure, memory is bad.
Come with me if you want to live....
  • #311,912
  • May 7, 2012 4:16pm May 7, 2012 4:16pm
Watching a potential cup and handle pattern on the 60 min - if we pull back to 1.6155ish and hold - could get a blast up to 1.6200 and beyond. This comment is merely technical - I am flat and will remain flat until my charts to tell me what to do.....

Faller.
I don't trust any move - when you have profit...take it.
  • #311,913
  • May 7, 2012 4:57pm May 7, 2012 4:57pm
Quoting Ill-b-back
Or it maybe 6080 or something, not sure, memory is bad.
Make it between 1.6060 and 1.6070
New voice message: Why are you calling me? If I need you, I'll call you!
  • #311,914
  • May 7, 2012 4:58pm May 7, 2012 4:58pm
Quoting KillerWhale
Make it between 1.6060 and 1.6070
And in that case I'll be with you buying
New voice message: Why are you calling me? If I need you, I'll call you!
  • #311,915
  • May 7, 2012 5:05pm May 7, 2012 5:05pm
Quoting KillerWhale
And in that case I'll be with you buying
Something cooking for sure, just waiting for it to take shape
Come with me if you want to live....
  • #311,916
  • May 7, 2012 5:08pm May 7, 2012 5:08pm
Quoting KillerWhale
Make it between 1.6060 and 1.6070
Support at 60 is strong and I'm still interested in that level.
Come with me if you want to live....
  • #311,917
  • May 7, 2012 6:01pm May 7, 2012 6:01pm
I'm long now , SL at 1650 , USDX daily candle is supporting for bullish , let's see how it go today
  • #311,918
  • May 7, 2012 6:33pm May 7, 2012 6:33pm
im long at 1.6136, s/l 1.6084, t/p 1.6204
  • #311,919
  • May 7, 2012 6:37pm May 7, 2012 6:37pm
Quoting PoundTrader
im long at 1.6136, s/l 1.6084, t/p 1.6204
Damn bro, I can't believe I got in before you
Come with me if you want to live....
  • #311,920
  • May 7, 2012 6:41pm May 7, 2012 6:41pm
Quoting HoangTuan
I'm long now , SL at 1650 , USDX daily candle is supporting for bullish , let's see how it go today


time to short then.....can you explain that daily candle you see on the USDX?

are you sure?

who told you?

just curious.

let me know your thoughts.

Thanks.

Faller.
I don't trust any move - when you have profit...take it.
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