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Cable Update (GBPUSD)

  • #313,281
  • Edited May 16, 2012 12:15am May 15, 2012 11:59pm | Edited May 16, 2012 12:15am
Primary swing wave count with Gann levels shows that next level of support is @ 1.5849.
Notice that Dec low trend line seem to be broken but we must wait for daily close to confirm.
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  • #313,282
  • May 16, 2012 12:13am May 16, 2012 12:13am
Current Elliott Wave H4 count.

Confulation level of wave 3 @ 1.5945-1.5947


Seb
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  • #313,283
  • May 16, 2012 12:18am May 16, 2012 12:18am
IMHO, there will be a little 'uptrend' to around 6030..
it's been oversold in my indicator
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  • #313,284
  • May 16, 2012 12:24am May 16, 2012 12:24am
first sign of breakout of the asc TL, will be looking to short cable at about 6050 area..
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  • #313,285
  • May 16, 2012 12:32am May 16, 2012 12:32am
Quoting A-speculator
first sign of breakout of the asc TL, will be looking to short cable at about 6050 area..
do u agree with me it will be 'uprised' above 60 areas before it will going down again? i'm less experinced, it maed me nervous >.<
  • #313,286
  • May 16, 2012 12:37am May 16, 2012 12:37am
Quoting mycr0ft
do u agree with me it will be 'uprised' above 60 areas before it will going down again? i'm less experinced, it maed me nervous >.<
i will just put a PO there.. meaning that i'm not counting on it.. it may, it may not.. if i'm very sure of it, i might have buy now.. lol.

now that the trendline has been broken, i will look only for short entry, meaning selling strength..
  • #313,287
  • May 16, 2012 12:51am May 16, 2012 12:51am
Quoting A-speculator
first sign of breakout of the asc TL, will be looking to short cable at about 6050 area..
my PO is 6035, just below the confluence of fibos...

might need sometime to get there.. movie time i think..

later guys.
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  • #313,288
  • May 16, 2012 1:50am May 16, 2012 1:50am
1.60 to 1.57 to 1.63 and now back to 1.5950.

what a ride this beast is having. I never thought it would come down to 1.5950. once this greece news setlle in I expect one strong upmove.
  • #313,289
  • May 16, 2012 1:54am May 16, 2012 1:54am
Limit buy from 1.5941. Stop 1.5915 , target 1.6000.
"Study the past if you would define the future." Confucius
  • #313,290
  • May 16, 2012 1:59am May 16, 2012 1:59am
Bought 1.5955
  • #313,291
  • May 16, 2012 2:11am May 16, 2012 2:11am
actually very good advise

Quoting Nisda_
For newbies..avoid reading whatever they wrote here..trust your own chart.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,292
  • May 16, 2012 2:12am May 16, 2012 2:12am
Ha ha

Quoting bguguen
Well im a GBPUSD bear since.... forever...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,293
  • May 16, 2012 2:15am May 16, 2012 2:15am
Quoting GSGill
Bought 1.5955
trying to catch that knife
  • #313,294
  • May 16, 2012 2:17am May 16, 2012 2:17am
Quoting Acroix70
trying to catch that knife
Getting Bandage, thankfully atleast the lots are miniscule on these counter trend adventures.
  • #313,295
  • May 16, 2012 2:17am May 16, 2012 2:17am
no ,no way


Quoting Flynchenberg
There is Bullish Gartley Harmonic pattern on GBPUSD on H1 TF.

Ideal entry level is @ 1.5921 - 1.529.

Significant fibo cluster in PRZ is @ 1.5947 - 1.5952.

Those two areas looks good for a long position in a corrective move up. That view can be supported by my Elliott wave count, however H1 Gartley long is good for 1.6000 test from downside and I would not expect price to make the new highs above 1.6300. But this is forex and anything can happen.

And there is another harmonic pattern - Bearish Butterfly on D1 TF thaht looks more valid to...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,296
  • May 16, 2012 2:28am May 16, 2012 2:28am
Quoting Bones
no ,no way
Just woke up to see my oredictions occur.... Only thing is london open with a selling sentiment, i wonder who quoted to me about gbp futures... Only dropping 15 pips since 6pm est
People here obviously dont have a clue that asia is always a dead quiet session...5-10 pips normal but anything above that you know market is moving

By the way why are there new guys here looking to catch the bottom?? Please please!!! We have brokwn the trend line!!! Time for you bulls to admit failure since the break below 1.60!!!! You should be looking to short on pullback now!!! Not god damn PO like buy limits at the lows
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,297
  • May 16, 2012 2:28am May 16, 2012 2:28am
= down ,today ,daily changes is mind ,then I change mine

The power of probability is with me
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,298
  • May 16, 2012 2:30am May 16, 2012 2:30am
Quoting Bones
no ,no way

tony u nailed it as usual ..damn man
u have become solid!!!!!!
  • #313,299
  • May 16, 2012 2:32am May 16, 2012 2:32am
Quoting Bones
= down ,today ,daily changes is mind ,then I change mine

The power of probability is with me
And with me
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  • #313,300
  • May 16, 2012 2:33am May 16, 2012 2:33am
Quoting Bones
= down ,today ,daily changes is mind ,then I change mine

The power of probability is with me
Woke up from sleep and some traders here are so god damn gutsy longing against a pound thats JUST started its trend down after breaking key support at 1.60...
These guy clearly dont know risk reward...
I mean its better if you short on pullback now because this thing can go down to 5750 soo 250 pip reward if short from pullback
But these guys are like pending buy limit at 1.5920 hoping it will retest 1.60 thats like an 80 pips profit.... Now whos stupid enough around here not to go for the sell on pullback option???
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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