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Cable Update (GBPUSD)

  • #314,561
  • May 24, 2012 8:39am May 24, 2012 8:39am
not going to happen really its a bearish move you see ,not bullish
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,562
  • May 24, 2012 8:43am May 24, 2012 8:43am
And This Maybe,

From a "Monthly Chart"...
This is a very crude trend-line set up
& Probably not right w/the Expert's, but given
what we (think) we know in trading,
What's the NEXT pin gonna probably be?...

All we need is some more lousy items to support stuff,
Move-On .org / Union "Occupier's" in the street's world-wide,
etc, etc, and the technical get's it's "energy" -!!!

Hey,
Since we're all in conjecture mode, "What the heck?"
Best of Pipping,

Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: 5_24_2012 The Bigger Bear Flag Picture.jpg Size: 160 KB
I will work to Objectively Identify my Edges
  • #314,563
  • May 24, 2012 8:43am May 24, 2012 8:43am
Quoting Bones
not going to happen really its a bearish move you see ,not bullish
True.
  • #314,564
  • May 24, 2012 8:45am May 24, 2012 8:45am
a chart shows what i mean more than 100 words
supply showing some weakness when approached 1.57 area coming from 1.61-62.

still bearish but let's see what develops at these levels.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_Hourly_snapshot.jpg Size: 69 KB
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  • #314,565
  • May 24, 2012 8:51am May 24, 2012 8:51am
gbp lfx h4


Quoting Bones
gbp is winding up ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp lfx h4 24-5-12 tl.gif Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,566
  • May 24, 2012 9:03am May 24, 2012 9:03am
gbp jpy d1 ,=not bullish
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,567
  • May 24, 2012 9:05am May 24, 2012 9:05am
Quoting Bones
gbp lfx h4
interesting chart!

still downtrend, very clearly seen.
also i notice a great "stop" in trend.
does not mean a reversal. not yet.

must not forget that at these levels price found a sit to go till 1.60.
this is last price action in range 1.56-1.60 when price in uptrend
there is also a non-tested weekly pivot near 5880-90.

below there is 1.55 area where every pip can give a reason to reject downtrend. also we can see a straight move to 1.54 if market allow.

for people: i'm not saying to go long or short! i'm study what i have above and below actual price
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.jpg Size: 84 KB
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  • #314,568
  • May 24, 2012 9:07am May 24, 2012 9:07am
eu ,I dont think somthing bullish after break down ,it does not make sence
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd d1 trade.gif Size: 15 KB
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  • #314,569
  • May 24, 2012 9:10am May 24, 2012 9:10am
Ok,

To be fair,
Looking at 'calendar we got about a week, time-wise,
Till another month begins to turn Bear-Ish. (If it does).

So,
Here's some fib's off the entire down-ward move.
I'd say we're Done w/Wave 5 ? -Again, Just my crude drawing,
i just "Slapped" in those wave counts. Don't even try to
make them gospel, -for yourself (whomever), -or me.

However,
The "Run" appear's "Done" for now, -who know's? But if
that's the case we're in A-B-C correction mode. Usually the
Low/High price is supposed to get "tagged"/ "broken".

I was looking for this on the bigger run -up, but 'did'n't decipher it right.
Enough babbling on my part,
Sorry, again,
Best of Pipping Target's,

Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: 5_24_2012 Possible Fib Extensions North for now.jpg Size: 182 KB
I will work to Objectively Identify my Edges
  • #314,570
  • May 24, 2012 9:10am May 24, 2012 9:10am
eur lfx ,black hammer not great but comfirm after pullback set up
Attached Image (click to enlarge)
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Attached Image
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  • #314,571
  • May 24, 2012 9:13am May 24, 2012 9:13am
Respect ?


Quoting Bones
ok gold is this imo
Attached Image (click to enlarge)
Click to Enlarge Name: gold 24-5 h4 2.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,572
  • May 24, 2012 9:17am May 24, 2012 9:17am
I agree...
Hopefully people will trade their own chart's BB,
It's great to banter about the idea's here though...

If a run up does occur, maybe some things to think about,
A) Get people in crossing the 20 Sma, on a Extreme bullish move NORTH.

B) Take people up to the "Higher" 55 Sma, where there's a
38.2 Extension of the Move... (Longer Dashed Line on Previous Chart).

C) Wick it up about that 55 Sma / 38.2 to get the HERD in, Then,
Slam-it BACK down, Hard.

D) Who Know's

Have a great one,

Jeff
I will work to Objectively Identify my Edges
  • #314,573
  • May 24, 2012 9:17am May 24, 2012 9:17am
i also have this FE in EU going 1.2450
market decided to bid 1.2500
not a good sign for that 61%FE
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_Daily_snapshot.jpg Size: 61 KB
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  • #314,574
  • May 24, 2012 9:18am May 24, 2012 9:18am
look close gbp jpy d1
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  • #314,575
  • May 24, 2012 9:18am May 24, 2012 9:18am
Quoting TerpFan2
I agree...
Hopefully people will trade their own chart's BB,
It's great to banter about the idea's here though...

If a run up does occur, maybe some things to think about,
A) Get people in crossing the 20 Sma, on a Extreme bullish move NORTH.

B) Take people up to the "Higher" 55 Sma, where there's a
38.2 Extension of the Move... (Longer Dashed Line on Previous Chart).

C) Wick it up about that 55 Sma / 38.2 to get the HERD in, Then,
Slam-it BACK down, Hard.

D) Who Know's

Have a great one,

Jeff
ehehheeh i'm for the "D)"
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  • #314,576
  • May 24, 2012 9:20am May 24, 2012 9:20am
D= work it out it can be done through confluence ??


Quoting TerpFan2
I agree...
Hopefully people will trade their own chart's BB,
It's great to banter about the idea's here though...

If a run up does occur, maybe some things to think about,
A) Get people in crossing the 20 Sma, on a Extreme bullish move NORTH.

B) Take people up to the "Higher" 55 Sma, where there's a
38.2 Extension of the Move... (Longer Dashed Line on Previous Chart).

C) Wick it up about that 55 Sma / 38.2 to get the HERD in, Then,
Slam-it BACK down, Hard.

D) Who Know's

Have a great one,

Jeff
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,577
  • May 24, 2012 9:20am May 24, 2012 9:20am
Let's see how it play's out,
'Will be interesting.
Thanks BB,

Jeff
I will work to Objectively Identify my Edges
  • #314,578
  • May 24, 2012 9:21am May 24, 2012 9:21am





Quoting _BBKing_
ehehheeh i'm for the "D)"
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,579
  • May 24, 2012 9:24am May 24, 2012 9:24am
what do you say ??



Quoting Bones
D= work it out it can be done through confluence ??
Attached Image (click to enlarge)
Click to Enlarge Name: gold 24-5 h4 2 wick.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,580
  • May 24, 2012 9:24am May 24, 2012 9:24am
Quoting Bones
Respect ?
great trade!

i would say: be careful! gold buyers are insane! i heard an interview of a big bank commodities trader where they are screening that there is still heavy demand of physical gold and commodities, despite recent downward... i don't remember who, but if you like i will search the link
also true they could be wrong and must not listen to the others but... just for information can be good
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