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Cable Update (GBPUSD)

  • #314,421
  • May 23, 2012 12:37pm May 23, 2012 12:37pm
GU's been dropping for 4 consecutive weeks without looking back at all, but in the past 4 years there's only twice we had more than 4 consecutive dropping weeks(5), and each time we had more than 4 consecutive dropping weeks, we will retrace to or above at least 61.8%.

So are we due for a turn around soon?
  • #314,422
  • May 23, 2012 12:44pm May 23, 2012 12:44pm
for eur gbp ??


Quoting Bones
eur gbp what next bb
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,423
  • May 23, 2012 12:53pm May 23, 2012 12:53pm
Quoting Bones
for eur gbp ??
IMO..... Eu is going to 1.24 area straight like a rocket.
while Gu is going down but find demand here and there so the move is no that fast...

if i have to trade Egbp.. i would be looking for shorts.
but i don't know very well the pair so can't be accurate on lower levels. surely this 080 not showing yet so much reasons to hold again.

edit: with a quick eye in weekly chart, lower demand can be 077 area
90% of traders use TA, indicators and prediction
  • #314,424
  • May 23, 2012 12:56pm May 23, 2012 12:56pm
..and the EJ again below 100... pfffff
90% of traders use TA, indicators and prediction
  • #314,425
  • May 23, 2012 1:00pm May 23, 2012 1:00pm
this is the link to my last article
http://www.dukascopy.com/fxcomm/fx-a...ur-Mind&id=824

there are a lot of interesting things by other good traders.
if you like, give an eye!
always something new to learn in forex
90% of traders use TA, indicators and prediction
  • #314,426
  • May 23, 2012 1:14pm May 23, 2012 1:14pm
Quoting _BBKing_
this is the link to my last article
http://www.dukascopy.com/fxcomm/fx-a...ur-Mind&id=824

there are a lot of interesting things by other good traders.
if you like, give an eye!
always something new to learn in forex

Psychology. A problem. Good explanation here, I have been lurking for years, but felt I needed to agree with this.
  • #314,427
  • May 23, 2012 1:14pm May 23, 2012 1:14pm
Quoting Bones
you sure you been in profit 4 months ?
hehe...

E/g Need a week more to signing his bottom .
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #314,428
  • May 23, 2012 1:15pm May 23, 2012 1:15pm
I am long eur gbp


Quoting _BBKing_
IMO..... Eu is going to 1.24 area straight like a rocket.
while Gu is going down but find demand here and there so the move is no that fast...

if i have to trade Egbp.. i would be looking for shorts.
but i don't know very well the pair so can't be accurate on lower levels. surely this 080 not showing yet so much reasons to hold again.

edit: with a quick eye in weekly chart, lower demand can be 077 area
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,429
  • May 23, 2012 1:18pm May 23, 2012 1:18pm
and I have large order now very large
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4 23- 7thios one.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,430
  • May 23, 2012 1:25pm May 23, 2012 1:25pm
Quoting Bones
I am long eur gbp
well... wish you best of luck. i would be careful to go long in any kind of EURO/XXX just my idea. market is crazy and everything is possible so let's see!
90% of traders use TA, indicators and prediction
  • #314,431
  • May 23, 2012 1:26pm May 23, 2012 1:26pm
Quoting Scraper
Psychology. A problem. Good explanation here, I have been lurking for years, but felt I needed to agree with this.
thanks
and there are many other great things from other users!
give an eye: lot of stretegies, ideas, etc...
90% of traders use TA, indicators and prediction
  • #314,432
  • May 23, 2012 1:27pm May 23, 2012 1:27pm
Quoting Bones
and I have large order now very large
good!
let's see where will close daily!

imo lower area will be near 5580-5620.
i will be looking for longs there but early to say.
depends on price behavior etc...

i would like to see a reversal pattern in hourly charts
90% of traders use TA, indicators and prediction
  • #314,433
  • May 23, 2012 1:56pm May 23, 2012 1:56pm
Quoting Bones
I am long eur gbp
Hi Bones,

Well done on your recent trades

What is your rationale for going long on EG please?

A long EG implies that Sterling is going to under-perform Euro. i-e If both fall, Streling's fall is going to be greater than Euro's in percentage terms. With all the problems in Euroland and heavy cash inflows from Euroland into UK, what have I missed (I'm short on this pair)? I know it is in a clear downward channel and recently there was a slight bounce.

Here is my chart.

Kind regards,
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily2305.png Size: 32 KB
  • #314,434
  • May 23, 2012 2:33pm May 23, 2012 2:33pm
Quoting _BBKing_
yes i see something strange in this actual GU condition.
will look for a long.
not here now 5680-90. lower.

meanwhile EU broken the 2600 to go for 1.24 area (or lower..)
deep risk aversion still in market but IMO, GU will visit again 1.60 or 1.61.
problem as always is WHEN!



Hope you took the trade!
I don't trust any move - when you have profit...take it.
  • #314,435
  • May 23, 2012 3:45pm May 23, 2012 3:45pm
BB I dont trade H1 really im too busy ,also not safe for candles


Quoting _BBKing_
good!
let's see where will close daily!

imo lower area will be near 5580-5620.
i will be looking for longs there but early to say.
depends on price behavior etc...

i would like to see a reversal pattern in hourly charts
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 23-5.png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,436
  • May 23, 2012 3:50pm May 23, 2012 3:50pm
Eur =down

Gbp =down down

Bye Bye olympic buyers ,speculators ,I really think haha


Quoting Rasi
Hi Bones,

Well done on your recent trades

What is your rationale for going long on EG please?

A long EG implies that Sterling is going to under-perform Euro. i-e If both fall, Streling's fall is going to be greater than Euro's in percentage terms. With all the problems in Euroland and heavy cash inflows from Euroland into UK, what have I missed (I'm short on this pair)? I know it is in a clear downward channel and recently there was a slight bounce.

Here is my chart.

Kind regards,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,437
  • May 23, 2012 3:54pm May 23, 2012 3:54pm
a lot of pounds per pip,

show me your hand Cable
Attached Image (click to enlarge)
Click to Enlarge Name: cable h1.gif Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,438
  • May 23, 2012 3:56pm May 23, 2012 3:56pm
I may have to give up on my private forum idea (paid )

Haha

Really no need I think

FOREX you owe me a SH T load
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,439
  • May 23, 2012 4:00pm May 23, 2012 4:00pm
Nice ??



Quoting Rasi
Hi Bones,

Well done on your recent trades

What is your rationale for going long on EG please?

A long EG implies that Sterling is going to under-perform Euro. i-e If both fall, Streling's fall is going to be greater than Euro's in percentage terms. With all the problems in Euroland and heavy cash inflows from Euroland into UK, what have I missed (I'm short on this pair)? I know it is in a clear downward channel and recently there was a slight bounce.

Here is my chart.

Kind regards,
Attached Image (click to enlarge)
Click to Enlarge Name: eb w1.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,440
  • May 23, 2012 4:08pm May 23, 2012 4:08pm
Quoting Bones
I may have to give up on my private forum idea (paid )

Haha

Really no need I think

FOREX you owe me a SH T load
Out of control love it
Come with me if you want to live....
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