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Cable Update (GBPUSD)

  • #335,321
  • Feb 7, 2013 2:36pm Feb 7, 2013 2:36pm
Quoting Ill-b-back


What am I saying


By the time it gets to the 4hr 200ema, it will already be at 1.59!!!

no it's right!
even if price goes to 1.5870 again, will probably crash down again at least near 5740 to retest this area as support before hitting the 1.59 area!!

huge work still to be done!
let's see
90% of traders use TA, indicators and prediction
  • #335,322
  • Feb 7, 2013 2:36pm Feb 7, 2013 2:36pm
Just updating charts before power down for the night...Price has been in a 44 pip range since 1130am london time as I write this...off the post Carney react 5767 Hi - it has consolidated getween the pullback lo at 61.8% 5630-5767 (5682) and 5723...Likely to see a fractal swing L at that 5630 low on the daily as a result of the close of today's daily candle but no upside breech of the descending trendline or last LH on that t/f yet.
Current 1hr is below

G/L
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ex member
  • #335,323
  • Feb 7, 2013 2:40pm Feb 7, 2013 2:40pm
Quoting Ill-b-back
Thanks brother, makes up a little for earlier in the week.

Sorry for your trailing stop, but you still have had a great week by the looks of it

I find this interesting also,

A RETEST??

but one pip at a time, let's see where we close this week first eh...

lol...


Got to go, all the best, but I did make over 10% on that trade

I won't tell you the $ amount, you will laugh at me
Just noticed this.
If we do get up there,

SLAM IT DOWN FAST!!!

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  • #335,324
  • Feb 7, 2013 2:53pm Feb 7, 2013 2:53pm
Quoting Bruce le
What do you think for tomorrow , down or up?

as usual first down then up or the other way around but first is more likely
Loosening is not an option
  • #335,325
  • Feb 7, 2013 2:56pm Feb 7, 2013 2:56pm
Quoting _BBKing_
no it's right!
even if price goes to 1.5870 again, will probably crash down again at least near 5740 to retest this area as support before hitting the 1.59 area!!

huge work still to be done!
let's see
I hope so, I'm leaving it until next week.

I don't know anything about waves, and may well be completely wrong, but Man, ya got to dream don't you
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  • #335,326
  • Feb 7, 2013 3:05pm Feb 7, 2013 3:05pm
Quoting Ill-b-back
I hope so, I'm leaving it until next week.

I don't know anything about waves, and may well be completely wrong, but Man, ya got to dream don't you
90% of traders use TA, indicators and prediction
  • #335,327
  • Feb 7, 2013 7:53pm Feb 7, 2013 7:53pm
This graph is of the weekly price action.
What are your thoughts on this trending support?
It commenced 4 years to the day just about and has been quite reliable.
I cant see why it would breach it just now.
Still one more session to go for the week but appears the weekly has formed a doji right on the trend line.

Im new to this so would love your thoughts.
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  • #335,328
  • Feb 7, 2013 8:22pm Feb 7, 2013 8:22pm
stopped out yesterday shorting cable..

however managed to cover the loss in fiber and swissy..

hopefully, today cable will be more tolerable with me

try one short at 5720..
  • #335,329
  • Feb 7, 2013 8:35pm Feb 7, 2013 8:35pm
Quoting Zac
This graph is of the weekly price action.
What are your thoughts on this trending support?
It commenced 4 years to the day just about and has been quite reliable.
I cant see why it would breach it just now.
Still one more session to go for the week but appears the weekly has formed a doji right on the trend line.

Im new to this so would love your thoughts.
I think up
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  • #335,330
  • Feb 7, 2013 8:42pm Feb 7, 2013 8:42pm
Doji Wed,
Piercing and close above retest line Thursday
Opening above desending TL Friday

4hr signs also

Looks like up to me

My idea anyway
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  • #335,331
  • Feb 7, 2013 8:44pm Feb 7, 2013 8:44pm
Quoting Ill-b-back
I think up
EURO way overdue correction... triggered hilariously by politicians like Hollande saying shit....

PS. Finally managed to get my demo account back up in profit
http://www.forexfactory.com/fxtyrant/80
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,332
  • Feb 7, 2013 8:46pm Feb 7, 2013 8:46pm
Quoting fxtyrant
EURO way overdue correction... triggered hilariously by politicians like Hollande saying shit....
I agree, wouldn't surprise me to see 2630 by mid year.
EG down also I think.
Come with me if you want to live....
  • #335,333
  • Feb 7, 2013 8:54pm Feb 7, 2013 8:54pm
My take on Euro

A very choppy drop through support

I find the nature of previous channel PA (in this case choppy) repeats itself once back in the channel
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  • #335,334
  • Feb 7, 2013 9:03pm Feb 7, 2013 9:03pm
And EG
Just generally down I think also, off the multiple retest confluence point.

Wouldn't know a target, I only trade Cable if I can help it

Got to go, enjoy the weekend
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  • #335,335
  • Feb 7, 2013 9:16pm Feb 7, 2013 9:16pm
No trading for me today.
Come with me if you want to live....
  • #335,336
  • Feb 7, 2013 9:17pm Feb 7, 2013 9:17pm
Quoting Ill-b-back
I agree, wouldn't surprise me to see 2630 by mid year.
EG down also I think.
just glad my real account is in profits too...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,337
  • Feb 7, 2013 9:22pm Feb 7, 2013 9:22pm
Quoting Ill-b-back
I agree, wouldn't surprise me to see 2630 by mid year.
EG down also I think.
Neither,

But I think we need 1.383 first, at least another touch at 1.37

bull move not over.

anyway, I expect 1.20 which is sad, long road, very windy, but I believe we will get there
Even the worst trade can close with profit. Just give it time.
  • #335,338
  • Feb 7, 2013 9:24pm Feb 7, 2013 9:24pm
Quoting John Gray
Neither,

But I think we need 1.383 first, at least another touch at 1.37

bull move not over.

anyway, I expect 1.20 which is sad, long road, very windy, but I believe we will get there
I completely agree with your projections. Another bull run up to 1.37 - 1.38 first then headed down to 1.22 area again.

Bull run for EUR/USD is definitely NOT over...
  • #335,339
  • Edited 12:59am Feb 8, 2013 12:45am | Edited 12:59am
I belive it will be a bearish day. Daily diagonal trendline is pretty strong and I think it will bounce or head down soon. I think target will be around 1.565
  • #335,340
  • Feb 8, 2013 1:32am Feb 8, 2013 1:32am
Quoting growingeuro
I belive it will be a bearish day. Daily diagonal trendline is pretty strong and I think it will bounce or head down soon. I think target will be around 1.565
Maybe, but both USDX Daily and EURGBP Daily are heading down at the moment, which to me points to GBPUSD strength.

I've got a little long trade on m30. See how it goes...
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