Great to see you back Stocky. Good looking charts as usual - expected... I'll spend some time looking at them. What have you been up to then? Honeymoon over?
Gone to a better place
- #1,101
- Jan 22, 2013 4:55pm Jan 22, 2013 4:55pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #1,103
- Jan 23, 2013 3:05am Jan 23, 2013 3:05am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
Cable Analysis (Gbp/Usd) 10/01/12
This Analysis was done on the 10th so a little delayed. It contains longer term views and price levels so will still be valid.
Monthly
The above monthly chart of GU shows the long term price action of this currency major since the Lehman brother collapse. The rapid decline we seen in Sterling between 1st Aug 2008 and 1st Jan 2009 saw GU reach 1.34 which has remained as its extreme low. Price has then formed a few long term distributions highlight by the red lines. We are currently...
thank you for the in-depth Cable analysis..I just saw your thread & would like to share my views..
EURGBP correction from this .8400 M/T supply zone may be the catalyst for Cable to finally showcase some reverse somersaults from 1.5800~1.5780 instead of continuing her Olympic dives from here..
also, EURGBP rarely rise or drop 300+ pips monthly without doing some intermediate corrections..EURUSD+EURGBP+GBPUSD+EURJPY+GBPJPY Cross Play:
http://www.forexfactory.com/attachme...1&d=1358928182
1.5850~00 is a very strong M/T demand zone.. it may under-shoot a bit, but IMO it's unlikely that it'll break without good support from M/T money..
I am looking at potential repeat of the 12/28 to 01/03 cross play scenario for the pairs..
all the best..
- #1,104
- Jan 23, 2013 3:17am Jan 23, 2013 3:17am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
Hey Stocky..
I just saw your thread & would like to share my views..
EURGBP correction from this .8400 M/T supply zone may be the catalyst for Cable to finally showcase some reverse somersaults from 1.5800~1.5780 instead of continuing her Olympic dives from here..
EURUSD+EURGBP+GBPUSD+EURJPY+GBPJPY Cross Play:
http://www.forexfactory.com/attachme...1&d=1358928182
1.5850~00...
Thanks for your thoughts.
I agree we are likely to have a correction at some point before further downside in GU. 1.58 seems a good area as any. I have next support at 1.5725-50. Intraday shorts from 1.61 have been closed at consolidation zone around 1.58. I will be looking to add further shorts at the 50% fib area of the recent drop which is around 1.60. Long term short at break even.
Feel free to post analysis as you please. We need to inject some life back into this thread.
Stocky
- #1,108
- Jan 23, 2013 4:22am Jan 23, 2013 4:22am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
Hi cdndollar,
Thanks for your thoughts.
I agree we are likely to have a correction at some point before further downside in GU. 1.58 seems a good area as any. I have next support at 1.5725-50. Intraday shorts from 1.61 have been closed at consolidation zone around 1.58. I will be looking to add further shorts at the 50% fib area of the recent drop which is around 1.60. Long term short at break even.
Feel free to post analysis as you please. We need to inject some life back into this thread.
Stocky
It will be my pleasure to share my thoughts with you & our esteemed members here.. a nice change from the entertaining diversions over at the Cable thread with that little war of attrition between opposing parties at every blips & dips..
I agree with Goldmans raising the EU price target to 1.40 with the Smart Money crowd now calling for M/T 1.35~1.46 again..
Here's my latest Euro weekly & COT analysis:
http://www.forexfactory.com/showthre...03#post6386403
It will be my pleasure to share my thoughts with you & our esteemed members here.. a nice change from the entertaining diversions over at the Cable thread with that little war of attrition between opposing parties at every blips & dips..
I agree with Goldmans raising the EU price target to 1.40 with the Smart Money crowd now calling for M/T 1.35~1.46 again..
Here's my latest Euro weekly & COT analysis:
http://www.forexfactory.com/showthre...03#post6386403...
- #1,113
- Feb 4, 2013 1:47am Feb 4, 2013 1:47am
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
Fantastic analysis. Thanks for your input. Great software also your using i.e pro realtime....the market profile function on there is the best I have seen. Keep up the good work. Oh where do you download your COT charts from?
Stocky
COT charts
Cable testing L/T TL, looking for a bounce..
GBPUSD+EURGBP+GBPJPY W1:
- #1,114
- Feb 6, 2013 7:20am Feb 6, 2013 7:20am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #1,115
- Feb 6, 2013 9:32pm Feb 6, 2013 9:32pm
- Joined Sep 2012 | Status: classic Arts | 1,043 Posts
Smashing charts cdndollar. Previously I have used netdania for chart overlays but I am having issues with Java. I hate it. So I'm going to have to ask you how you do it?
Attached Multipair Line Chart MQ4, an excellent tool courtesy of Kenfen69
over at the Useless Thread..
You can change the Input settings to suit your preference or as per attached pics for my chart..
Let me know if you need more help..
---------------------------------------------------------------------------------------------
Cable & EURGBP attracting some long distance money here at their respective L/T TL with the media & gurus now hopping on the "long painful slide" bandwagon..
pending volatile fake-outs for the pair with the GBP news today..
- #1,116
- Feb 7, 2013 2:00am Feb 7, 2013 2:00am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #1,117
- Feb 12, 2013 6:42am Feb 12, 2013 6:42am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
Hello cnddollar,
awesome analysis, will need to study that and come back to you
thank you!
awesome analysis, will need to study that and come back to you
thank you!
EURUSD @02012013
January close above monthly 50ma with converging 10+20ma.. Potential Monthly Golden Cross..
Confirmed Weekly 10+20/50ma Golden Cross..
Weekly Short Guppy Expansion above Long Guppy.. above converging 50+200ma..
Monthly closed above converging Long & Short Guppy..
Potential ATR targets for Quarterly Buy Fractal: 1.3888->1.5440
Daily ascending channel rising at 28 pips/day..
Static Demand Zone @1.34~1.32..
EURUSD CFTC COT @01152013:
http://www.forexfactory.com/attachme...1&d=1359700477...
"markets traded by programs/HFT offer a significant trading edge..."
- #1,118
- Feb 12, 2013 7:27am Feb 12, 2013 7:27am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
DX found resistance here. It broke the trendline too.
Trendlines are just made to be broken and I don't trust them... (you may argue they have to be broken on a closing basis or 2%-3% of price, ect. ect.....) That's just my viewpoint. Unfortunately I cannot make money with trendlines.Of course if you can make more with trendlines, more power to you... and I am happy for you.
I would like to see price moving below 80.17 which would suggest to me that a retest of the 79.80 level of support would be very probable, pushing the Euro higher.
What do you think? I had some good comments on the blog on the Dollar.
http://www.forexfactory.com/attachme...1&d=1360674181
Trendlines are just made to be broken and I don't trust them... (you may argue they have to be broken on a closing basis or 2%-3% of price, ect. ect.....) That's just my viewpoint. Unfortunately I cannot make money with trendlines.Of course if you can make more with trendlines, more power to you... and I am happy for you.
I would like to see price moving below 80.17 which would suggest to me that a retest of the 79.80 level of support would be very probable, pushing the Euro higher.
What do you think? I had some good comments on the blog on the Dollar.
http://www.forexfactory.com/attachme...1&d=1360674181
"markets traded by programs/HFT offer a significant trading edge..."
