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Cable Update (GBPUSD)

  • #330,161
  • Nov 17, 2012 5:12am Nov 17, 2012 5:12am
is there a way back for the dow this month ?

Quoting Bones
of course all charts are connected
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #330,162
  • Nov 17, 2012 5:15am Nov 17, 2012 5:15am
Quoting kollargbr
attachm
I think your USD monthly TL has already been broken?
Why moving line away from the middle peak??
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  • #330,163
  • Nov 17, 2012 5:18am Nov 17, 2012 5:18am
Quoting Ill-b-back
I think your USD monthly TL has already been broken?
Why moving line away from the middle peak??
I don't have a USD monthly chart but it looks like Sept might have been the broken TL retest candle?
Come with me if you want to live....
  • #330,164
  • Edited 5:57am Nov 17, 2012 5:29am | Edited 5:57am
Quoting Bones
agree not the strongest trend

this is what i see bro..bottom line the bear massive candle didnt break south..instead it stopped out the shorts..this tells me something??!!
Tony yur a great guy man ..u inspire me bro..u share so much without motive!! ..more folks need to be like u
http://i648.photobucket.com/albums/u...um/cable12.gif
  • #330,165
  • Nov 17, 2012 5:38am Nov 17, 2012 5:38am
I think it can go down from level 1,5905-1,5915 next week . The target is 1.5760-1.5750. Then upward again to the level 1,6670 within several months. This is my view
  • #330,166
  • Nov 17, 2012 5:42am Nov 17, 2012 5:42am

love you too Nav , I do agree I was supprised that bear candle didnt take us down lower ,gotta mean something


Quoting nAVIN2007
this is what i see bro..bottom line the bear massive candle did break south..instead it stopped out the shorts..this tells me something??!!
Tony yur a great guy man ..u inspire me bro..u share so much without motive!! ..more folks need to be like u
Attached Image (click to enlarge)
Click to Enlarge Name: dow w1 1 17-11-12.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #330,167
  • Nov 17, 2012 5:53am Nov 17, 2012 5:53am
Quoting Bones

love you too Nav , I do agree I was supprised that bear candle didnt take us down lower ,gotta mean something

this is why i was saying 1.5830 should hold..first step (and it did so far)..if it goes higher than 1.6 then it might just be on
but that bear candle got me thinking..lol
  • #330,168
  • Nov 17, 2012 5:54am Nov 17, 2012 5:54am
you have a point Nav

usdx is at target Question is on or under
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx w1 1 17-11-12.gif Size: 15 KB
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  • #330,169
  • Nov 17, 2012 5:56am Nov 17, 2012 5:56am
Quoting Bones
you have a point Nav

usdx is at target Question is on or under
  • #330,170
  • Nov 17, 2012 5:59am Nov 17, 2012 5:59am
concentrate on the bodies

Quoting Bones
you have a point Nav

usdx is at target Question is on or under
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #330,171
  • Edited 6:38am Nov 17, 2012 6:08am | Edited 6:38am
Quoting Bones
concentrate on the bodies

it could drop from here (USD)..its a pretty difficult area...it needs to go higher for me to say it bullish ..
weekly will open otherside of trendline (cable) and go up is my thought..hurdle is 1.5930ish area
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cable11.gif Size: 25 KB
  • #330,172
  • Nov 17, 2012 7:10am Nov 17, 2012 7:10am
then also I dont believe
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud w1 17-11-12.png Size: 26 KB
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  • #330,173
  • Nov 17, 2012 7:13am Nov 17, 2012 7:13am
easier to look at monthly


Quoting Bones
concentrate on the bodies
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #330,174
  • Nov 17, 2012 7:16am Nov 17, 2012 7:16am
GU W1 H4

Have longs in Cable looking for swing mid between weekly closes at 945ish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GUW1.jpg Size: 83 KB
Click to Enlarge Name: guh4.jpg Size: 73 KB
  • #330,175
  • Nov 17, 2012 8:43am Nov 17, 2012 8:43am
gbp jpy d1
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy d1 -17-11-12 bearish deliberation.png Size: 32 KB
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  • #330,176
  • Nov 17, 2012 11:35am Nov 17, 2012 11:35am
Quoting nAVIN2007
it could drop from here (USD)..its a pretty difficult area...it needs to go higher for me to say it bullish ..
weekly will open otherside of trendline (cable) and go up is my thought..hurdle is 1.5930ish area
Closed my longs last week as volatility was a bit confusing for me. Took loss on Cable last week & my bias is still up. Will be looking for entry on Monday. 1.5856 I reckon. What do you think. Hope you are having a lovely weekend. Regards
Numbers NEVER Lie
  • #330,177
  • Nov 17, 2012 11:42am Nov 17, 2012 11:42am
Quoting ZizoFX
Closed my longs last week as volatility was a bit confusing for me. Took loss on Cable last week & my bias is still up. Will be looking for entry on Monday. 1.5856 I reckon. What do you think. Hope you are having a lovely weekend. Regards

i think we are going up ..with hardly any drawdown south..otherwise im wrong..never take a hit when u think yur direction is correct..except if stop is hit..
  • #330,178
  • Nov 17, 2012 11:52am Nov 17, 2012 11:52am
Quoting nAVIN2007
i think we are going up ..with hardly any drawdown south..otherwise im wrong..never take a hit when u think yur direction is correct..except if stop is hit..
You are right. Learned my lesson. Let's see the market orders for Monday & hopefully I will get an entry again. I'm sure BBKing will be mad at me if he finds out i closed my longs. Thank you Navin for your response. See you on the upside. Cheers
Numbers NEVER Lie
  • #330,179
  • Nov 17, 2012 12:57pm Nov 17, 2012 12:57pm
Quoting ZizoFX
You are right. Learned my lesson. Let's see the market orders for Monday & hopefully I will get an entry again. I'm sure BBKing will be mad at me if he finds out i closed my longs. Thank you Navin for your response. See you on the upside. Cheers
lol
why should i be? i also cutted my position when price approached again my green as i said few days ago "at first approach near 5890-5900 would have partially closed and wait"... tried to open a short in hedge but went stopped out @BE before week ending time. unless a clear breake north above 5915.... bulls will have small hopes next week.
actually i'm holding about 50% of original position. will add if short term uptrend begins or will decide to get the loss in case of breake down. overall i think you did it right to close longs: in these conditions longs are more an "idea" than a trade. yes there is a temporary low 5830-5850 but how much will hold? smell like will be broken to touch lower into 57 area.

1.57 area is the most important and could be attracting price.

time will tell
90% of traders use TA, indicators and prediction
  • #330,180
  • Nov 17, 2012 1:00pm Nov 17, 2012 1:00pm
Quoting nAVIN2007
this is what i see bro..bottom line the bear massive candle didnt break south..instead it stopped out the shorts..this tells me something??!!
Tony yur a great guy man ..u inspire me bro..u share so much without motive!! ..more folks need to be like u
http://i648.photobucket.com/albums/u...um/cable12.gif
That big bear candle Stopped dead smack on the 50 fib to the pip.
It was my bear target I posted in the "Happy Traders" section of the members area.

It stopped there because I closed my position

Nothing has gotten seriously past this 52 general area since it became apparent the US was getting into serious financial trouble due to massive debt and bailouts. This support line is totally artificial, don't be fooled by its presence. How many times have we stopped there, only to go up and revisit it again? There is a part of the chart where the weekly candles gap down significantly 3 times in a row, yet it still reversed back up from this area. The fact that May closed so strongly south only helps the bear case in my opinion. My point is, a stop and reverse at the 52xx has not prevented a revisit in the past so no reason to think it wouldnt now. Even during Mays drop which was very strong, we had a bullish day just below our current price level and the market rose about 120 pips, but then the market took over again. That's my take on it anyway.
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