Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#314,461
May 23, 2012 8:08pm May 23, 2012 8:08pm

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting Bones

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take jpy

Ignored

hey bones.. tell me what do you see here with Gold...

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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.

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#314,462
May 23, 2012 8:11pm May 23, 2012 8:11pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting Bones

Disliked

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

Ignored

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

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

soz i mean eur gbp ,2.21 am here

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#314,464
May 23, 2012 8:25pm May 23, 2012 8:25pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

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

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take jpy

Ignored

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#314,465
May 23, 2012 8:43pm May 23, 2012 8:43pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

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

Disliked

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

Ignored

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Name: eur gbp d1 set up 24-5.gif
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#314,466
May 23, 2012 8:48pm May 23, 2012 8:48pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

I can look at gbp only and assume somthing bearish this week ,but monthly been bullish ,at monthly open now

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#314,467
May 23, 2012 8:52pm May 23, 2012 8:52pm

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting Bones

Disliked

I can look at gbp only and assume somthing bearish this week ,but monthly been bullish ,at monthly open now

Ignored

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.

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#314,468
May 23, 2012 8:54pm May 23, 2012 8:54pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

No I dont think so

Quoting bguguen

Disliked

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....

Ignored

On-site guru & also FF member's' psychiatrist, when not drinking tea

#314,469
May 23, 2012 8:57pm May 23, 2012 8:57pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

id like support to go ,lol thats why im sweating

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#314,470
May 23, 2012 8:59pm May 23, 2012 8:59pm

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

gold w1 ,im struggling to see a bullish close ,even a close to top of this week shows sellers

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#314,471
May 23, 2012 9:04pm May 23, 2012 9:04pm

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting Bones

Disliked

gold w1 ,im struggling to see a bullish close ,even a close to top of this week shows sellers

Ignored

Nah mate... gold at a support zone right now... ill show you why...

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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

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

sellers control gold they take profit ,gold rise s thats how I see ,I think you read wrong

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#314,473
May 23, 2012 9:16pm May 23, 2012 9:16pm

fxtyrant
Joined Jan 2010 | Status: Trader | 10,268 Posts

Quoting Bones

Disliked

sellers control gold they take profit ,gold rise s thats how I see ,I think you read wrong

Ignored

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.

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#314,475
May 23, 2012 9:35pm May 23, 2012 9:35pm

Snarkalarker
| Joined Feb 2012 | Status: Trader | 157 Posts

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

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#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

Disliked

Interesting.

Nice post.

Ignored

Yes. Interesting.

Inserted Video

#314,478
May 23, 2012 10:11pm May 23, 2012 10:11pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting eggs

Disliked

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...

Ignored