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Cable Update (GBPUSD)

  • #313,001
  • May 14, 2012 10:27am May 14, 2012 10:27am
Quoting Davit
6065 or 6070 is fine by me.I trade short term.+50pips is fine any day.Not greedy
Do you know what chuck barris said every night before counting 1,2,3,4?
Pay, Me, My, Money!

Inserted Video
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,002
  • May 14, 2012 10:27am May 14, 2012 10:27am
Quoting bguguen
Dude i hope you did not open just because i say it looks like its going to go down..... be cautious on fundamental releases this week though not many they always have an impact....
seeing as the lack of news this week, GBPUSD should respect teh downwards channel we are in...
on the daily point of view, cable is actually in an uptrend, the channel down is just minor compared to the larger asc TL. imho.
Attached Image (click to enlarge)
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  • #313,003
  • May 14, 2012 10:32am May 14, 2012 10:32am
Quoting bguguen
Do you know what chuck barris said every night before counting 1,2,3,4?
Pay, Me, My, Money!

http://www.youtube.com/watch?v=FaGUmSugfvI
Haha funny.
In trading, you have to be defensive and aggressive at the same time
  • #313,004
  • May 14, 2012 10:36am May 14, 2012 10:36am
Quoting A-speculator
on the daily point of view, cable is actually in an uptrend, the channel down is just minor compared to the larger asc TL. imho.
Mate... if you wana go that far, id suggest you look at weely... we are actually trading in range hitting Top at the downwards trendline and we have yet to revisit the Upwards trendline which is about 6000 atm...
Today's just noise my friend....
i wouldnt go long before i see 6000 and how PA reacts there...
But in the longer period, i do expect this upward trendline on the weekly to end up failing to keep GBPUSD supported
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdw1.14052012.1634.gif Size: 26 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,005
  • May 14, 2012 10:39am May 14, 2012 10:39am
There she goes down
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Jessica's "Daily Affirmation"
In trading, you have to be defensive and aggressive at the same time
  • #313,006
  • May 14, 2012 10:43am May 14, 2012 10:43am
Quoting Davit
There she goes down
http://www.youtube.com/watch?v=qR3rK0kZFkg
Jessica's "Daily Affirmation"
Oh you know it boy...
i mean i wake up every morning and i .....

Inserted Video
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,007
  • May 14, 2012 10:46am May 14, 2012 10:46am
Quoting bguguen
Mate... if you wana go that far, id suggest you look at weely... we are actually trading in range hitting Top at the downwards trendline and we have yet to revisit the Upwards trendline which is about 6000 atm...
Today's just noise my friend....
i wouldnt go long before i see 6000 and how PA reacts there...
But in the longer period, i do expect this upward trendline on the weekly to end up failing to keep GBPUSD supported
Attachment
maybe so.. might get 6000 if we get closed below 6060 since there's still some room above the asc TL.. everything possible, i'm not saying it's not, but first must have a closed below 6060..
  • #313,008
  • May 14, 2012 10:58am May 14, 2012 10:58am
ok zoom into H4 ,bull moves rejected ,bear moves rejected ,but sliding down

looks a bit like downward consolidation at mo ?



Quoting Bones
messy ,channel ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4 14-5 -5-12.gif Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,009
  • May 14, 2012 11:01am May 14, 2012 11:01am
Quoting bguguen
Mate... if you wana go that far, id suggest you look at weely... we are actually trading in range hitting Top at the downwards trendline and we have yet to revisit the Upwards trendline which is about 6000 atm...
Today's just noise my friend....
i wouldnt go long before i see 6000 and how PA reacts there...
But in the longer period, i do expect this upward trendline on the weekly to end up failing to keep GBPUSD supported
Attachment

IM LONG..

I havent posted my analysis this week cause i actually think the weekly may fail but i didnt want to post incase people think i have a bias..

its a fairly good area to go from..lets see how it play out

tony
Attached Image (click to enlarge)
Click to Enlarge Name: cable10.jpg Size: 134 KB
  • #313,010
  • May 14, 2012 11:05am May 14, 2012 11:05am
Nav




Quoting nAVIN2007
IM LONG..

I havent posted my analysis this week cause i actually think the weekly may fail but i didnt want to post incase people think i have a bias..

its a fairly good area to go from..lets see how it play out

tony
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,011
  • May 14, 2012 11:10am May 14, 2012 11:10am
opps forgot line ,difficult to judge in this area ,but I think reject ,im not trading this pair btw
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4 14-5 -5-12.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,012
  • May 14, 2012 11:12am May 14, 2012 11:12am
Quoting Bones
Nav

  • #313,013
  • May 14, 2012 11:20am May 14, 2012 11:20am
@ Nav
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h4 14-512 2.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,014
  • May 14, 2012 11:26am May 14, 2012 11:26am
Quoting TauTrader
Good day to you,

Herewith a more detailed breakdown of the recent cycles observed. It would not be too far fetched to assume that a new medium and longterm cycle is about to start in the next few days.

the question that needs to be answered is this - will it be bullish, bearish or neutral? This can only be judged on evidence presented by the market as we progress..

But - should a new cycle be starting, we understand that there will be 4 major trading opportunities.. 2 long and 2 short. Obviously - if bullish undelying tone - one would rather...
Got in long early this morning as we were around the correct time for a trough to be formed. Evidence was there that trendline was broken to the upside.

Still need to see what direction we will be taking - so will lock in now. Key level for me to watch will be last month's open @ 1.60212 - as long as we stay above this level - bullishness can not be discarded.

Regards
Attached Image (click to enlarge)
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  • #313,015
  • May 14, 2012 11:43am May 14, 2012 11:43am
However - 30 min chart shows lower highs and lower lows... spacing seems ok. May move lower again in the not too distant future.

Closed my long.

Regards
Attached Image (click to enlarge)
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  • #313,016
  • Edited 12:25pm May 14, 2012 11:49am | Edited 12:25pm
Quoting Bones
@ Nav

yo tony it have to close above the pale blue line to convince me buddy..


cable movement to me look legitimate

what yah thinking Mr T?
Attached Image(s) (click to enlarge)
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  • #313,017
  • May 14, 2012 12:02pm May 14, 2012 12:02pm
green circle - I hope it is the end of retracement for today
by my calculations movement down isn't finished yet
(1H)
Attached Image
  • #313,018
  • May 14, 2012 12:03pm May 14, 2012 12:03pm
for people who think GBP is immune from the Greek Debt Crisis....

Businesses in UK are trying to brace themselves for worse to come.... when Greece Leaves...
British trading Partner Ireland may start to have problems and this will be contagious to UK in the end...
http://www.bbc.co.uk/news/business-18059809
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,019
  • May 14, 2012 12:13pm May 14, 2012 12:13pm
Quoting bguguen
for people who think GBP is immune from the Greek Debt Crisis....

Businesses in UK are trying to brace themselves for worse to come.... when Greece Leaves...
British trading Partner Ireland may start to have problems and this will be contagious to UK in the end...
http://www.bbc.co.uk/news/business-18059809
imho, it may or may not affected, but as long as the daily trendline hold, still no influence on the bearish view..
  • #313,020
  • May 14, 2012 12:23pm May 14, 2012 12:23pm
Quoting A-speculator
imho, it may or may not affected, but as long as the daily trendline hold, still no influence on the bearish view..
the Weekly bear is waiting to happen perhaps when UK is done with all that olympic hype...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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