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Cable Update (GBPUSD)

  • #332,881
  • Dec 27, 2012 11:39am Dec 27, 2012 11:39am
Quoting alex1976
look at the steam coming out of this southbound train? nice ehh
Moving just as I had expected!

Can't ignore a Weekly pinbar / shooting star on the weekly candle at major weekly resistance and TL...

By the way, congratulations FxTyrant, I know you've been saying short AUD/USD and GBP/USD for quite some time, your train has arrived!
  • #332,882
  • Dec 27, 2012 11:44am Dec 27, 2012 11:44am
Quoting 100PipsADay
Moving just as I had expected!

Can't ignore a Weekly pinbar / shooting star on the weekly candle at major weekly resistance and TL...

By the way, congratulations FxTyrant, I know you've been saying short AUD/USD and GBP/USD for quite some time, your train has arrived!

Yes a weekly candle like that is usually pretty solid to trade off of.
  • #332,883
  • Dec 27, 2012 11:48am Dec 27, 2012 11:48am
Quoting fxtyrant
unfortunately i wish GBPUSD weakness could ultimately translate to GBPJPY weakness...
unfortunately yen easing is giving strength to GBPJPY and all other crosses... but i feel like their easing efforts is rather unsustainable.
I'm waiting for Yen weakness too but it seems to be on steroids. I've given up my position for more confirmation after the month end to see if GBPJPY comes near to 136.50.
  • #332,884
  • Dec 27, 2012 11:49am Dec 27, 2012 11:49am
Quoting alex1976
Yes a weekly candle like that is usually pretty solid to trade off of.
Yep, classic PASR (price action support resistance) on a larger time frame.
  • #332,885
  • Dec 27, 2012 11:52am Dec 27, 2012 11:52am
who likes 5350?
  • #332,886
  • Dec 27, 2012 11:54am Dec 27, 2012 11:54am
Quoting alex1976
who likes 5350?
I like 1.5950 - 1.6000 range.. I do not see it to fall huge..
There is just rumour going around regarding fiscal cliff..
Obama would surely give a speech soon.. and this will reverse the game.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #332,887
  • Dec 27, 2012 11:54am Dec 27, 2012 11:54am
Quoting alex1976
who likes 5350?
That is excellent weekly support! I am targeting 1.55 for TP, but will observe PA down at 1.535ish. Probably a good place to go long, but obviously need to see how price reacts one that point is reached.

**These charts were from earlier today, Weekly and Daily are a little more bearish now then they were 10 hours ago...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD - Weekly (12-26).jpg Size: 139 KB
Click to Enlarge Name: GBPUSD - Daily (12-26).jpg Size: 134 KB
  • #332,888
  • Dec 27, 2012 12:37pm Dec 27, 2012 12:37pm
Quoting ZizoFX
Opened Long Position again @ 1.6115 SL 1.6050 TP Open

GL
Bias isn't changed until weekly close. If it does close with current pattern then wait for a retest to go south. SL survived for now.
Numbers NEVER Lie
  • #332,889
  • Dec 27, 2012 1:19pm Dec 27, 2012 1:19pm
Quoting fxtyrant
Its amazing how people are still longing the GBPUSD when ive been clearly saying that GBPUSD is headed to 1.60 to retest that whole number... no body listens?
if 1.60 gives... 1.59 EMA200 daily is the next line in the sand guys....
Come with me if you want to live....
  • #332,890
  • Dec 27, 2012 1:36pm Dec 27, 2012 1:36pm
Quoting Ill-b-back
im being serious bro... this is the chart i still have and look at the confluence....
DAILY EMA 200
WEEKLY EMA 55
FIBO 23% retracement....
I swear to god there are BIG BIG Orders there that might interest the banks to get it filled...
it is ultimately my target for where the GBPUSD is to drop to ATLEAST.....
Look at the yellow arrow i put to show where those confluence i was talking bout.

https://dl.dropbox.com/u/52561775/Fo...22012.0333.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #332,891
  • Dec 27, 2012 1:43pm Dec 27, 2012 1:43pm
Quoting fxtyrant
im being serious bro... this is the chart i still have and look at the confluence....
DAILY EMA 200
WEEKLY EMA 55
FIBO 23% retracement....
I swear to god there are BIG BIG Orders there that might interest the banks to get it filled...
it is ultimately my target for where the GBPUSD is to drop to ATLEAST.....
Look at the yellow arrow i put to show where those confluence i was talking bout.

https://dl.dropbox.com/u/52561775/Fo...22012.0333.gif
Dude, It is not your analysis I am laughing at...
Come with me if you want to live....
  • #332,892
  • Dec 27, 2012 1:48pm Dec 27, 2012 1:48pm
Quoting Ill-b-back
Dude, It is not your analysis I am laughing at...
you're just being funny? hows ur wifey? btw buddy imback in HK
our timezones are kinda closer now
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #332,893
  • Dec 27, 2012 1:53pm Dec 27, 2012 1:53pm
Quoting fxtyrant
you're just being funny? hows ur wifey? btw buddy imback in HK
our timezones are kinda closer now
The wifes great thx mate, she's feeling like a mummy who is going back to work next year

I was just laughing at the "God" like tone of your post mate, but I am used to it now.

Please carry on.
Come with me if you want to live....
  • #332,894
  • Edited 3:33pm Dec 27, 2012 2:48pm | Edited 3:33pm
Quoting Ill-b-back
Dude, It is not your analysis I am laughing at...
byran is the man!!!..dont mess with his analysis..im serious!!
  • #332,895
  • Dec 27, 2012 3:11pm Dec 27, 2012 3:11pm
closed my aussie and kiwi short, hopefully can get better price to short later... perhaps next week or next 2 weeks.. concentrating now on the cable and fiber short and long on the swissy.. hopefully price can get somewhere.. bearish all the way.. hopefully can get on to somewhere.. on cable would like to see the reaction on the 6060 and 6000 area.. very close together these support.. i'm still think next year might be bearish year.. at least for the first quarter.. imho.
  • #332,896
  • Dec 27, 2012 3:20pm Dec 27, 2012 3:20pm
Quoting fxtyrant
unfortunately i wish GBPUSD weakness could ultimately translate to GBPJPY weakness...
unfortunately yen easing is giving strength to GBPJPY and all other crosses... but i feel like their easing efforts is rather unsustainable.
i'm not so sure it's not sustainable mate.. no sign of reversal just yet.. but i'm agree with your view on the cable.
  • #332,897
  • Dec 27, 2012 3:22pm Dec 27, 2012 3:22pm
Quoting alex1976
who likes 5350?
one at a time mate... it won't go down in a straight line.. that price is at the bottom of the range.. sometime price might turn around at 50% of the range, so just beware when price reach there... may the candles show the way.. lol.
  • #332,898
  • Dec 27, 2012 3:52pm Dec 27, 2012 3:52pm
Quoting nAVIN2007
byran is the man!!!..dont mess with his analysis..im serious!!
If you look at the post of mine that you quoted nAV, it's obvious that I'm not.
Come with me if you want to live....
  • #332,899
  • Dec 27, 2012 3:59pm Dec 27, 2012 3:59pm
If we are using ema's, what I am wary of, is that we moved north off the weekly 55ema in November. We broke through the 200ema up to 63 and now retesting this ema and 23fib along with local support at 6080.

I don't know if we hold this week but 6080-60 is an important area on my chart.
Come with me if you want to live....
  • #332,900
  • Dec 27, 2012 4:11pm Dec 27, 2012 4:11pm
Quoting Ill-b-back
If we are using ema's, what I am wary of, is that we moved north off the weekly 55ema in November. We broke through the 200ema up to 63 and now retesting this ema and 23fib along with local support at 6080.

I don't know if we hold this week but 6080-60 is an important area on my chart.
don't worry mate, today (my time already Friday) will be the confirmation day on the weekly.. if the price refuse to be bearish, we will get 1 big a$$ candle breaking the 6300 and proof we or rather I was wrong.. if we are right, we might get price going towards 6000 and perhaps we might see a close below that price.. either way, we have our protection and hang on if the price tank.. all the best and i wish you green pips, everytime.. later mate.
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