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Cable Update (GBPUSD)

  • #315,881
  • Jun 8, 2012 2:47pm Jun 8, 2012 2:47pm
my view is time to buy around 1.5
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 8-6-12.png Size: 34 KB
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  • #315,882
  • Jun 8, 2012 3:15pm Jun 8, 2012 3:15pm
also eu ,not inverted hammer I feel ,lower ,ideally not lower than cable cause I'm still long eur gbp
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd w1 8-6.png Size: 36 KB
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  • #315,883
  • Jun 8, 2012 5:15pm Jun 8, 2012 5:15pm
IMHO. the pair course is under strong pressure of 1.5 [tested 3 times alrdy.] with is shown on my Attach. As we can see price just touch the down trend line of the channel and swing up. However if we want to expect more up trend move we had to pay attention on 1.5440 area and be careful on that lvl. [Price might come back] We will monitor few 1sts Monday candles and definitely go long if they will show us positive up trend, up to 1.5500 lvl [fibo gold 61.8 and important res. lvl.]
http://www.xtb.pl/media/pl/market-ne...8-6-12-gif.gif
  • #315,884
  • Jun 9, 2012 2:41am Jun 9, 2012 2:41am
Quoting id5
I have been playing with the charts, one here that shows EURUSD, GBPUSD and XAUUSD all on the same chart. Seems to show gold leading the EUR and GBP.

http://img692.imageshack.us/img692/3038/eurgbpgold.png
Good day to you, sir

My curiosity was peaked when you posted this correlation chart. I have set up a chart in MT4 to check / follow the correlation between GU and the Gold price.

Also set up a correlation histogram at the bottom to see if there is any value. Added a 200 T3 average ( red MA on chart). Will keep this running for a few weeks to observe...

Will then decide.

Thank you again

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: goldgu.jpg Size: 131 KB
  • #315,885
  • Jun 9, 2012 3:17am Jun 9, 2012 3:17am
Quoting TauTrader
Good day to you, sir

My curiosity was peaked when you posted this correlation chart. I have set up a chart in MT4 to check / follow the correlation between GU and the Gold price.

Also set up a correlation histogram at the bottom to see if there is any value. Added a 200 T3 average ( red MA on chart). Will keep this running for a few weeks to observe...

Will then decide.

Thank you again

Regards
90% of traders use TA, indicators and prediction
  • #315,886
  • Jun 9, 2012 10:26am Jun 9, 2012 10:26am
Maybe stu can help us TT ,I know hes there :nerd:
busy on surger maybe



Quoting TauTrader
Good day to you, sir

My curiosity was peaked when you posted this correlation chart. I have set up a chart in MT4 to check / follow the correlation between GU and the Gold price.

Also set up a correlation histogram at the bottom to see if there is any value. Added a 200 T3 average ( red MA on chart). Will keep this running for a few weeks to observe...

Will then decide.

Thank you again

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gold d1 9-6-12.png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,887
  • Jun 9, 2012 11:18am Jun 9, 2012 11:18am
Hi Bones

Nice to see you around.How was your trip....

Have you been to diamond jubilee celebrations of Queen of England...

Just a wild guess..Bones..

I will post my bias on sunday...have a great weekend...guys...
I am a hunter...i kill both bulls and bears...
  • #315,888
  • Edited 2:42pm Jun 9, 2012 12:36pm | Edited 2:42pm
Here TT could save time im thinking ,last 2 weeks highly correlated

http://www.dailyfx.com/forex/fundame..._Elevated.html

Edit from April but think prob similar now

Quoting TauTrader
Good day to you, sir

My curiosity was peaked when you posted this correlation chart. I have set up a chart in MT4 to check / follow the correlation between GU and the Gold price.

Also set up a correlation histogram at the bottom to see if there is any value. Added a 200 T3 average ( red MA on chart). Will keep this running for a few weeks to observe...

Will then decide.

Thank you again

Regards
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,889
  • Jun 9, 2012 1:05pm Jun 9, 2012 1:05pm
Yea had great time ,also kids

well I normally have tea and bickies at Ritz with Queenie around Jubilee ,but since I was in Hawaii ,I gave rain check

look forward to your view ,theres space in my camp if not best of luck

Quoting oathbreaker
Hi Bones

Nice to see you around.How was your trip....

Have you been to diamond jubilee celebrations of Queen of England...

Just a wild guess..Bones..

I will post my bias on sunday...have a great weekend...guys...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #315,890
  • Jun 9, 2012 3:41pm Jun 9, 2012 3:41pm
Quoting Bones
Maybe stu can help us TT ,I know hes there :nerd:
busy on surger maybe
imo gold and silver have good potential for upside to 1700-50 and 32-33 but must be cautious.
surely possible strong moves at next week opening price, but i will have no balls to hold any trade over next week end.
so.... let's see what develops at beginning of the week.
90% of traders use TA, indicators and prediction
  • #315,891
  • Jun 9, 2012 3:50pm Jun 9, 2012 3:50pm
you see a collection of Dojis on silver on w1 ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp sd collection of doji.png Size: 19 KB
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  • #315,892
  • Jun 9, 2012 11:28pm Jun 9, 2012 11:28pm
Quoting Bones
you see a collection of Dojis on silver on w1 ?
lol
european farts coul help in something like that chart.

i think that orders in minor levels will go filled and/or closed during this week till friday. so causing that prices can go free. i remember 2 years ago similar scenario.

problem is: which direction will market react to any kind of thing coming from greece? i mean, actually nobody can predict what will happen and so everybody doing possible forecast. i see a carnival of forecasts in the web. lol.

gold n silver could enlarge their range area during the week.

IMO Gu will try to protect its hourly setup and go more up. who knows maybe to close week around monthly pivot area (5660) which still not covered. from a technical point of view, is very possible...

this monthly, from my study, can have a range 1.59 - 1.45

personally i will try to trade first part of this week with eyes in Ech! SnB could try something. then i will leave for some days...
90% of traders use TA, indicators and prediction
  • #315,893
  • Jun 9, 2012 11:45pm Jun 9, 2012 11:45pm
ok my moneys on them dojis are saying break down
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  • #315,894
  • Jun 9, 2012 11:49pm Jun 9, 2012 11:49pm
usd up ,gbp down ,aud down, ,eur down ,jpy tricky but up

gold down
silver down

next week
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  • #315,895
  • Jun 10, 2012 12:02am Jun 10, 2012 12:02am
H1 V d1 ?


Quoting _BBKing_
lol
european farts coul help in something like that chart.

i think that orders in minor levels will go filled and/or closed during this week till friday. so causing that prices can go free. i remember 2 years ago similar scenario.

problem is: which direction will market react to any kind of thing coming from greece? i mean, actually nobody can predict what will happen and so everybody doing possible forecast. i see a carnival of forecasts in the web. lol.

gold n silver could enlarge their range area during the week.

IMO Gu...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h1 zoomed.png Size: 44 KB
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  • #315,896
  • Jun 10, 2012 12:07am Jun 10, 2012 12:07am
IMO..GBP is down.

Reason:
1)In weekly chart,price didn't close above the open price of previous down bar.
2)Last week buyers were in control and pushed price above 38.2% fib. in weekly but closed around 61.2% fib. forming a long wick i.e.,buyers were pulled back back by sellers.
3)Long wick is first sign of weakness.so,my bias is downwards.

cheers bones...i m with you...

Last week i lost 8000 + pips...anyway i was busy with other stuff...i will gain this week...

I will see other charts...
I am a hunter...i kill both bulls and bears...
  • #315,897
  • Jun 10, 2012 12:13am Jun 10, 2012 12:13am
your joking 8000 how ?? lol
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  • #315,898
  • Jun 10, 2012 12:16am Jun 10, 2012 12:16am
we must look for clues price has failed to close over tl ,only gap up over will worry me ,
Its higher tf ,not h1 ,
h1 you can forecast = x
monthly =Y

Quoting Bones
my view is time to buy around 1.5
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  • #315,899
  • Jun 10, 2012 12:17am Jun 10, 2012 12:17am
more like
h1 =e
monthly =Y

lol
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  • #315,900
  • Jun 10, 2012 12:19am Jun 10, 2012 12:19am
neck on line

question where is that daily going ???

If it had closed above res I would think back to last weeks high at least but I note close ,only gap up over bothers me


Quoting Bones
Maybe stu can help us TT ,I know hes there :nerd:
busy on surger maybe
Attached Image (click to enlarge)
Click to Enlarge Name: d1 gold bearish in neck 9-6-12.png Size: 34 KB
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