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Cable Update (GBPUSD)

  • #314,461
  • May 23, 2012 8:08pm May 23, 2012 8:08pm
Quoting Bones
take jpy
hey bones.. tell me what do you see here with Gold...
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdd1.23052012.2303.gif Size: 17 KB

Now if it IS a rejection here we could see a proper retracement in EURUSD AND GBPUSD till the end of the week....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #314,462
  • May 23, 2012 8:11pm May 23, 2012 8:11pm
Quoting Bones
Yea course I have nothing I wont share ,in the the end of day all I know is from traders at ff

I look at lots of charts ,but mostly LFX ,which can give heads up of all main pairs without looking at them all

Candles first ,s+r ,Tl i like ,J16 moving aveage I have
I look at somthing like eb which im happy is high prob then make assumptions from that
Thx Bones, you are very generous. What is eb?
Come with me if you want to live....
  • #314,463
  • May 23, 2012 8:21pm May 23, 2012 8:21pm
soz i mean eur gbp ,2.21 am here
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,464
  • May 23, 2012 8:25pm May 23, 2012 8:25pm
everything says stronger ,candles ,tl ,higher time frame say this chart lower right now ,

so look lower pivot tl ,ma for support ,no one right all time tho ,just looks that way to me


Quoting Bones
take jpy
Attached Image (click to enlarge)
Click to Enlarge Name: lfx jpy d1.gif Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,465
  • May 23, 2012 8:43pm May 23, 2012 8:43pm
I mean take eur gbp ,I look at story on daily ,maybe its bullish,if so maybe we see retrace

if eur gbp becomes bullish tomorrow ,and im bearish eur ..


Quoting Bones
Yea course I have nothing I wont share ,in the the end of day all I know is from traders at ff

I look at lots of charts ,but mostly LFX ,which can give heads up of all main pairs without looking at them all

Candles first ,s+r ,Tl i like ,J16 moving aveage I have
I look at somthing like eb which im happy is high prob then make assumptions from that
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp d1 set up 24-5.gif Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,466
  • May 23, 2012 8:48pm May 23, 2012 8:48pm
I can look at gbp only and assume somthing bearish this week ,but monthly been bullish ,at monthly open now
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx w1.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,467
  • May 23, 2012 8:52pm May 23, 2012 8:52pm
Quoting Bones
I can look at gbp only and assume somthing bearish this week ,but monthly been bullish ,at monthly open now
Like i said...
Long EURUSD, and it seems viable to do so now...
Short GBPUSD, looking pretty obvious from yesterday's movement
and Long EURGBP, simply because of the logic and we hit a supporting trendline at yesterday's low!

But then again... EURGBP could rise when EURUSD consolidates at this level while GBPUSD falls.... sooo maybe not a really good idea to long yet... who knows...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #314,468
  • May 23, 2012 8:54pm May 23, 2012 8:54pm
No I dont think so


Quoting bguguen
hey bones.. tell me what do you see here with Gold...
Attachment
Now if it IS a rejection here we could see a proper retracement in EURUSD AND GBPUSD till the end of the week....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,469
  • May 23, 2012 8:57pm May 23, 2012 8:57pm
id like support to go ,lol thats why im sweating
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4 24-5.gif Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,470
  • May 23, 2012 8:59pm May 23, 2012 8:59pm
gold w1 ,im struggling to see a bullish close ,even a close to top of this week shows sellers
Attached Image (click to enlarge)
Click to Enlarge Name: gold w1 24-5 outlook.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,471
  • May 23, 2012 9:04pm May 23, 2012 9:04pm
Quoting Bones
gold w1 ,im struggling to see a bullish close ,even a close to top of this week shows sellers
Nah mate... gold at a support zone right now... ill show you why...

Attached Image (click to enlarge)
Click to Enlarge Name: xauusdd1.23052012.2303.gif Size: 17 KB

Attached Image (click to enlarge)
Click to Enlarge Name: xauusdw1.24052012.0303.gif Size: 13 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #314,472
  • May 23, 2012 9:10pm May 23, 2012 9:10pm
sellers control gold they take profit ,gold rise s thats how I see ,I think you read wrong
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,473
  • May 23, 2012 9:16pm May 23, 2012 9:16pm
Quoting Bones
sellers control gold they take profit ,gold rise s thats how I see ,I think you read wrong
we shall see dude if weekly closes above that trendline the it invalidates you entirely... i have some friends trading equities who are also LONG gold mining company stocks..... i first i thought they're nuts but sometimes you got to wonder....
Also gold can rise if theres any sign of a dollar weakness and i beg to wonder if the Dollar is actually retracing down a bit before the next up.... this will give gold a bit of breathing space to the upside...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #314,474
  • May 23, 2012 9:33pm May 23, 2012 9:33pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Granted this could be a stretch. Much of TA is. Nonetheless. It is pretty cool.

First Pic is the initial break from 1.6130. First real break of the move really. Market rejected it. Price retraced up to the 88.6 FIB, very common for CABLE. Then the subsequent FIB EXPANSIONS played out nicely. With one final level left. The last one @ 1.5640.

Next Pic two illustrates the entire BULL move with retrace levels plotted. The 61.8 FIB level interestingly enough lines up within ONE PIP @ 1.5640.

Again Could be a stretch but VERY peculiar how the levels line up within ONE PIP over a 1000 points.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screen_cable4.png Size: 46 KB
Click to Enlarge Name: screen_cable5.png Size: 41 KB
  • #314,475
  • May 23, 2012 9:35pm May 23, 2012 9:35pm
Interesting.

Nice post.
  • #314,476
  • May 23, 2012 9:44pm May 23, 2012 9:44pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Close Up Pic of how the initial FALSE BREAK & subsequent retrace unfolded
Attached Image (click to enlarge)
Click to Enlarge Name: scree_cable6.png Size: 38 KB
  • #314,477
  • May 23, 2012 9:45pm May 23, 2012 9:45pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Snarkalarker
Interesting.

Nice post.
Yes. Interesting.

Inserted Video
  • #314,478
  • May 23, 2012 10:11pm May 23, 2012 10:11pm
Quoting eggs
Granted this could be a stretch. Much of TA is. Nonetheless. It is pretty cool.

First Pic is the initial break from 1.6130. First real break of the move really. Market rejected it. Price retraced up to the 88.6 FIB, very common for CABLE. Then the subsequent FIB EXPANSIONS played out nicely. With one final level left. The last one @ 1.5640.

Next Pic two illustrates the entire BULL move with retrace levels plotted. The 61.8 FIB level interestingly enough lines up within ONE PIP @ 1.5640.

Again Could be a stretch but VERY peculiar...
Damn eggs, well spotted, Cables our Girl
Come with me if you want to live....
  • #314,479
  • May 23, 2012 10:40pm May 23, 2012 10:40pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting Ill-b-back
Damn eggs, well spotted, Cables our Girl
Well see cuz. She has been so far
  • #314,480
  • May 24, 2012 1:18am May 24, 2012 1:18am
what's going onnnn
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