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Cable Update (GBPUSD)

  • #334,181
  • Jan 18, 2013 6:49am Jan 18, 2013 6:49am
Sterling seems to be getting ready for a dump.

Fundamentals are shocking. And with the spot light moving away from Europe.
  • #334,182
  • Jan 18, 2013 6:57am Jan 18, 2013 6:57am
Quoting neil324
Sterling seems to be getting ready for a dump.

Fundamentals are shocking. And with the spot light moving away from Europe.

  • #334,183
  • Jan 18, 2013 6:57am Jan 18, 2013 6:57am
Monthly =no way back


Quoting ZizoFX
I can prove to you that trend is not down yet if you want. You never mentioned price action but you said "trend is down". Don't forget that there are other traders watching to see an opportunity that tallies with their own analysis even if they don't post on this forum. I was one of them until I was saved

If you are talking about price action, What is the monthly price telling you to do? I would like to know sir.

Its always good to show a chart of what you mean.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd monthly 18-01-2013.png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,184
  • Jan 18, 2013 7:11am Jan 18, 2013 7:11am
No such thing ?? is there


Quoting ZizoFX
If you are long like me you might want to note this as well. Hidden daily Head & Shoulder. This is a bearish signal once neckline goes.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,185
  • Jan 18, 2013 7:12am Jan 18, 2013 7:12am
appearence of lower wicks these last 2 weeks ,
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy w1 18-01-13.png Size: 41 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,186
  • Jan 18, 2013 7:17am Jan 18, 2013 7:17am
Quoting smikester
I think 1.5912 is the next useful support. I am posting this because I am unsure why you would want to long this pair. As I am heavily short at the moment, it gives me the jitters. Maybe you could post a chart?
1.5934 was a strong support since Nov 23. It's broken now but unless price stays below for some time, I think long is better. Otherwise, looks more like a bear trap to me. Will watch today's close as well, end of the week. If doesn't close above 1.6, I will short again.
  • #334,187
  • Jan 18, 2013 7:26am Jan 18, 2013 7:26am
right ,id be intrested in a chart also


Quoting CasperTrader
1.5934 was a strong support since Nov 23. It's broken now but unless price stays below for some time, I think long is better. Otherwise, looks more like a bear trap to me. Will watch today's close as well, end of the week. If doesn't close above 1.6, I will short again.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #334,188
  • Jan 18, 2013 7:48am Jan 18, 2013 7:48am
Thanks for the charts Bones. I like the Gbp/Jpy analysis. I was looking at the weekly hanging man myself, but didn't look any further.
Gone to a better place
  • #334,189
  • Jan 18, 2013 8:22am Jan 18, 2013 8:22am
nice, got my limit.

Can we now stop talking about 6300, lol.
  • #334,190
  • Jan 18, 2013 8:24am Jan 18, 2013 8:24am
After behaving like an asshole for the last several weeks, looks link now weekly is ready to behave itself.

All aboard southbound express next week folks.
  • #334,191
  • Jan 18, 2013 8:36am Jan 18, 2013 8:36am
Quoting Bones
Monthly =no way back
Enjoy Sir. No one was here weeks ago but all of a sudden everyone is bringing out bearish signals after the move has happened

Nice trading though.
Numbers NEVER Lie
  • #334,192
  • Jan 18, 2013 8:46am Jan 18, 2013 8:46am
Quoting Bones
No such thing ?? is there
Oh yes there is. The best way to trade it is to place a pending SELL order below the neckline. Hope that helps.
Attached Image (click to enlarge)
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Numbers NEVER Lie
  • #334,193
  • Jan 18, 2013 8:55am Jan 18, 2013 8:55am
Im not gonna try and jump on this train now, gonna wait till sunday to take a new position.
  • #334,194
  • Jan 18, 2013 9:02am Jan 18, 2013 9:02am
Quoting cdndollar
Good day Mr. TT..
My longs were stopped for a few doz beers earlier by our friend smikester's New York murder call, but I too picked up another small one from 68 risking 48 pips for 3x+ pips..

Cable PA had been the underdog during the recent lead/lag cross play between Euro & their crosses with EURGBP doing the most damage.. IMO it had held up rather well under the circumstance with PA hugging the M/T TL here after some minor under-shots..

I believe it's now on the verge of either doing some reverse somersaults up to 1.62~63 or Olympic...

h'issed 48 pips against the wind..

Cable & cousin Euro PA now at S/T anomaly..
looking for reaction as we approach the 1.5850~00 M/T demand zone.. either reverse somersaults up to heaven or Olympic dives down to Grizzlies neverland..

Attached Image (click to enlarge)
Click to Enlarge Name: 3x PA-20130118-EU+EG+GB W1.png Size: 32 KB


Quoting _BBKing_
damn!
i'm posting here since ages.....
and i still don't know how to make a double quote post like this!

what kind of magic you use for it?
do i have to become a super hero?
no super magic here.. just primitive copy & paste from double tabs.. but I believe there's a much easier way..
have a nice w/e all..
  • #334,195
  • Jan 18, 2013 9:03am Jan 18, 2013 9:03am
Quoting ZizoFX
Enjoy Sir. No one was here weeks ago but all of a sudden everyone is bringing out bearish signals after the move has happened

Nice trading though.

LOL...he's been calling bear for over a month now sir.

All I'm wondering is...will it break this time or run away again? I'm thinking sell off maybe?
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #334,196
  • Jan 18, 2013 9:07am Jan 18, 2013 9:07am
Quoting ZizoFX
Oh yes there is. The best way to trade it is to place a pending SELL order below the neckline. Hope that helps.
No way is it a head and shoulders by definition. Please don't mislead the learners here because a head and shoulders pattern is by definition a trend reversal pattern which occurs at the end of a trend. Your pattern starts at 1.53 which is a low.

Nice triple top though.

Good trading to you and I hope your head and shoulders works out for you. All the best to you.
Gone to a better place
  • #334,197
  • Jan 18, 2013 9:09am Jan 18, 2013 9:09am
Quoting fxtyrant
im trying my best yo... but last line of defense for the GBPUSD bulls is this 1.5933ish EMA55 weekly... if we close below... Bye Bye Bulls and down to 1.56-1.57....
and we also need to see how Monday if its gona gap around or not...
I warned the bulls.... As i said pa suggests further down at th last line of defense.... For me nothing left till 1.56-1.57 now....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #334,198
  • Jan 18, 2013 9:15am Jan 18, 2013 9:15am
Boooooom! 1.59 broken.
When Scalpers win, I lose and Vice varsa...
  • #334,199
  • Jan 18, 2013 9:16am Jan 18, 2013 9:16am
Too bad my target hit .


This thing has no breaks on it .

We'll lets hope for a good entry next week.

A retrace is in order at this point.
"Trading: the hardest easy money you're going to earn." -Mark Douglas.
  • #334,200
  • Jan 18, 2013 9:17am Jan 18, 2013 9:17am
i just bought two tickets aboard this southbound freight train. Lot of fuel in da tank.
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