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Cable Update (GBPUSD)

  • #332,101
  • Dec 7, 2012 12:14pm Dec 7, 2012 12:14pm
Quoting fxtyrant
Well maybe i shouldnt panic.... The kneejerk was up and we end the day coming back down, nice
We are currently at 6030, how is this interpreted as down?
Come with me if you want to live....
  • #332,102
  • Dec 7, 2012 12:16pm Dec 7, 2012 12:16pm
Quoting Ill-b-back
We are currently at 6030, how is this interpreted as down?
Or is FX street website having probs again? Happens sometimes.

I'm not at my chart.
Come with me if you want to live....
  • #332,103
  • Dec 7, 2012 12:36pm Dec 7, 2012 12:36pm
Quoting TauTrader
Good evening to you, Mr.Silent Deadly...

BBQ going strong. Appreciate your input - always. You have a way to make it look easy.

I vouch you today. Again - if I could.

Regards
Mr. Tau... Good Night to you.

You need have 1000+V to do it
Always looking the GREAT, never left GOOD Point...
  • #332,104
  • Dec 7, 2012 1:17pm Dec 7, 2012 1:17pm
Quoting _BBKing_
hi hello just came in to see how people are doing after the bounce in 1.60.
here the link to my today's webinar if someone interested but nothing special as always
have a great weekend, see you all next week hoping in a nice week

  • #332,105
  • Dec 7, 2012 1:25pm Dec 7, 2012 1:25pm
Quoting _BBKing_
hi hello just came in to see how people are doing after the bounce in 1.60.
here the link to my today's webinar if someone interested but nothing special as always
have a great weekend, see you all next week hoping in a nice week
Well done BB

I agree, Cable screwing with a few heads...
Come with me if you want to live....
  • #332,106
  • Dec 7, 2012 1:30pm Dec 7, 2012 1:30pm
Quoting Ill-b-back
We are currently at 6030, how is this interpreted as down?
Quoting fxtyrant
Well maybe i shouldnt panic.... The kneejerk was up and we end the day coming back down, nice
fxtyrant's based Trade is DAILY tf

Here there are...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-07_Cable in Daily Chart.png Size: 20 KB
Always looking the GREAT, never left GOOD Point...
  • #332,107
  • Dec 7, 2012 1:58pm Dec 7, 2012 1:58pm
Quoting Tsar
fxtyrant's based Trade is DAILY tf

Here there are...
Another DAILY Chart...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-12-07_Cable in Daily Chart - Another.png Size: 17 KB
Always looking the GREAT, never left GOOD Point...
  • #332,108
  • Dec 7, 2012 2:03pm Dec 7, 2012 2:03pm
Quoting CasperTrader


So far, it's playing out nicely for shorts in imo. We breached the 6010 area. Some think it as a place to go long. I think it could also be an important break for some shorts too. We need couple of more confirmations. All we need to watch out is for today's candle. Next week breaking higher than high of today's candle makes it bullish and breaking lower than 1.6 makes it bearish. Weekly close below 6030 increases the chances of downward movement imo. Cheers.
Longs still favored imo.
  • #332,109
  • Dec 7, 2012 2:14pm Dec 7, 2012 2:14pm
A weekly pin but with clear daily rejection off both local and long term monthly support on the retest of the monthly TL broken in Sept.

The RED TL on the daily chart is the previously broken monthly TL

I am hedged but will prob open another long on Monday.

Have a good weekend all
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu27.gif Size: 13 KB
Click to Enlarge Name: gu28.gif Size: 11 KB
Click to Enlarge Name: gu29.gif Size: 15 KB
Come with me if you want to live....
  • #332,110
  • Dec 7, 2012 2:17pm Dec 7, 2012 2:17pm
Quoting Tsar
Another DAILY Chart...
Thanks Tsar
Come with me if you want to live....
  • #332,111
  • Dec 7, 2012 3:22pm Dec 7, 2012 3:22pm
Iam absolutely amateur, but what do you think about this daily chart?! Can this happened? For me make sense somewhere.....

(Dont blame me if this chart is a big stupidnesss)
Attached Image (click to enlarge)
Click to Enlarge Name: whynot.jpg Size: 372 KB
  • #332,112
  • Edited 4:32pm Dec 7, 2012 4:03pm | Edited 4:32pm
93% (59pips)of the 63pip 20 week atr covered on Friday with 71% (128pips) of the 180pip 20 week atr covered in the week just closed.

The 6125/30 4hr/daily double top caps the upside for the week with the weekly candle closing somewhat bearish after the re-test and sell off from there - ie a pinpar with a long upper wick relative to it's body. 4 fib cluster @ 6120-30 - ie 85.4% 6178-5827, 85.4% 6171-5927, 76.4% 6216-5827 and 61.8% of the main recent 6309-5827 move.

At/around the Weekly low/Friday's low (6001) the Monthly Pivot and 2 x fibs (61.8% 5917-6130 and 76.4% 5960-6130) and the top of a previous daily swing lo zone. Friday's Daily candle like the weekly closes as a pinbar but in the the opposite direction to that of the weekly.

The strong bounce up from 6001 exceeds 61.8% of Friday's 6060-6001 drop. 1hr and 4hr close in something of a general opa downtrend with daily in an opa uptrend. Weekly remains rangy-bullish re opa notwithstanding this week's weekly candle close.

(opa = overall price action previous fractal price swing hi/lo analysis.)

G/L for next week.
Attached Image (click to enlarge)
Click to Enlarge Name: dly.jpg Size: 95 KB
ex member
  • #332,113
  • Dec 7, 2012 4:23pm Dec 7, 2012 4:23pm
Quoting danyboy
Iam absolutely amateur, but what do you think about this daily chart?! Can this happened? For me make sense somewhere.....

(Dont blame me if this chart is a big stupidnesss)
Thanks Dannyboy, I also see perhaps some unfinished business at 5950 area to retouch the broken blue monthly TL which is dissecting the daily chart

With a followed northerly break of the green channel as a good indication for a black TL retest
Attached Image (click to enlarge)
Click to Enlarge Name: gu29.gif Size: 16 KB
Come with me if you want to live....
  • #332,114
  • Dec 7, 2012 4:40pm Dec 7, 2012 4:40pm
Quoting Ill-b-back
Thanks Dannyboy, I also see perhaps some unfinished business at 5950 area to retouch the broken blue monthly TL which is dissecting the daily chart

With a followed northerly break of the green channel as a good indication for a black TL retest
I have a feeling we going to look out from the deep a bit, than we will sink deeper. What you have mentioned...5950 is a possible target. And than make a new top after... as BBK says more deeper more higher . If you looking on your chart the candles and my plan is standing on its feet for wednesday or thursday (count with the news) the cable could touch 5950 area. Enough planning for now ...
  • #332,115
  • Dec 7, 2012 4:46pm Dec 7, 2012 4:46pm
http://www.allsparkfireworks.com/blo...firework-2.jpg

=BYE 2012=
not euphoria follower
  • #332,116
  • Dec 7, 2012 4:47pm Dec 7, 2012 4:47pm
Quoting danyboy
I have a feeling we going to look out from the deep a bit, than we will sink deeper. What you have mentioned...5950 is a possible target. And than make a new top after... as BBK says more deeper more higher . If you looking on your chart the candles and my plan is standing on its feet for wednesday or thursday (count with the news) the cable could touch 5950 area. Enough planning for now ...
My thoughts also.
Watching out for daily compressions this week as a hint.
Come with me if you want to live....
  • #332,117
  • Dec 7, 2012 4:52pm Dec 7, 2012 4:52pm
Quoting Ill-b-back
My thoughts also.
Watching out for daily compressions this week as a hint.
Possibly we reach again 6080-6090 beggining of next week...possibly...I have a sell limit set on 6080
  • #332,118
  • Dec 7, 2012 5:19pm Dec 7, 2012 5:19pm
Quoting cdndollar
Morning from "Paradise Island"..
What all these fuzz on the eccentric old fella's normal corrective PA?
1.6008~1.6018 if seen may be a great 10 pip buy band for piker looking for 20 pips or long distance runners looking for 200+ pips..

GBP D1+"W1 Singapore Sling Fractal"
Attachment
Morning..
With NFP & some funnys now out of the way, IMHO the stage is set for Cable to consolidate & rally into year end..

there's good odd for another USDX vs EURUSD "Hello Goodbye" scenario to unfold..
and what's good for cousin Euro is also good for Cable..
Attached Image (click to enlarge)
Click to Enlarge Name: EU DX capture-20121207-234356.png Size: 76 KB


Have a nice w/e
  • #332,119
  • Dec 7, 2012 5:32pm Dec 7, 2012 5:32pm
This is hilarious, hammer on weekly, and one going the other way on the daily.

Only when you thought the cable couldn't get anymore difficult to trade.
  • #332,120
  • Dec 7, 2012 5:35pm Dec 7, 2012 5:35pm
Based on that overall trend looks down, but we may have a decent retrace net here before commencing south. That's my best guess based on what I see on the weekly and daily.
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