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Cable Update (GBPUSD)

  • #335,681
  • Feb 14, 2013 4:34am Feb 14, 2013 4:34am
Quoting albchr
Hey BB, 100pips, Here we go guys. Next week should be a killer if/once confirmed.
- And this what am seeing for GU right now.
Attached Image (click to enlarge)
Click to Enlarge Name: ggu H4.png Size: 15 KB
  • #335,682
  • Feb 14, 2013 4:34am Feb 14, 2013 4:34am
Quoting rome777
Where is the bottom?
Where ever the candles say it is around a good SR level. Ride it until the ride comes to an end.
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  • #335,683
  • Feb 14, 2013 4:40am Feb 14, 2013 4:40am
Quoting Ziko9o8
- And this what am seeing for GU right now.
Are you expecting a rise from here?

Here's my 4H view. I feel a drop to 5450ish possible this week, some retrace to maybe test 5580ish and then 5300 and below here we come. 5530 (23.6) is a pretty good SR and we're trading below it. Last 4H and this 4H testing it now. We shall see....
Attached Image (click to enlarge)
Click to Enlarge Name: gu_4h.gif Size: 19 KB
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  • #335,684
  • Feb 14, 2013 4:48am Feb 14, 2013 4:48am
Quoting albchr
Hey BB, 100pips, Here we go guys. Next week should be a killer if/once confirmed. 3150ish next


the only bad thing is that the bastard kicked me out of my EJ short. i moved stop @BE too quickly! could have a +150pips now.
damn yuro.
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  • #335,685
  • Feb 14, 2013 4:51am Feb 14, 2013 4:51am
Quoting albchr
Are you expecting a rise from here?

Here's my 4H view. I feel a drop to 5450ish possible this week, some retrace to maybe test 5580ish and then 5300 and below here we come. 5530 (23.6) is a pretty good SR and we're trading below it. Last 4H and this 4H testing it now. We shall see....
- Yes, I expect a bounce (dead cat bounce) from here, till next fibo level on my chart 138.2

- Then we resume downward direction with fundamentals.

- Add to that EURGBP is squeezing longs right now.

- Cheers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ggu H4.png Size: 15 KB
Click to Enlarge Name: EEg h4.png Size: 21 KB
  • #335,686
  • Feb 14, 2013 4:52am Feb 14, 2013 4:52am
Quoting fontu
All ok except gu , may be broken with broken spine ! can't stand on the ground for a little correction before falling . anyway still chances remain intact & before done will not join blindly with the crush .
lets see . all last leg up before the great down waiting , usdcad opposite though . From chart though gu has more prospect raise the head than others allied & believe so , may not fundamentally truely , cameron though got great attention .

fontu
- I wish I could be a great analyst like you on day.

- GL.
  • #335,687
  • Feb 14, 2013 4:57am Feb 14, 2013 4:57am
Quoting _BBKing_


the only bad thing is that the bastard kicked me out of my EJ short. i moved stop @BE too quickly! could have a +150pips now.
damn yuro.
Yeah bro, moving to BE too fast is also one of my weakness as well. Especially on JPY crosses. They can jump around pretty quick. But I feel there are many more short pips to be had on EJ next week and beyond. Grab the next pullback and hold on to her...
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  • #335,688
  • Feb 14, 2013 4:59am Feb 14, 2013 4:59am
Quoting Ziko9o8
- Yes, I expect a bounce (dead cat bounce) from here, till next fibo level on my chart 138.2

- Then we resume downward direction with fundamentals.

- Add to that EURGBP is squeezing longs right now.

- Cheers.
Certainly possible but I still feel 5450ish first. I don't trade EG but have often thought I should. Very nice short you have on that one!
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  • #335,689
  • Feb 14, 2013 5:07am Feb 14, 2013 5:07am
Quoting albchr
Yeah bro, moving to BE too fast is also one of my weakness as well. Especially on JPY crosses. They can jump around pretty quick. But I feel there are many more short pips to be had on EJ next week and beyond. Grab the next pullback and hold on to her...
thinking about 120
but this is actually not confirmed by many things.
also possible another jump to 126 so let's see :=)
next week could become amazing!
90% of traders use TA, indicators and prediction
  • #335,690
  • Edited 5:20am Feb 14, 2013 5:17am | Edited 5:20am
Quoting _BBKing_
thinking about 120
but this is actually not confirmed by many things.
also possible another jump to 126 so let's see :=)
next week could become amazing!
I see that as well. I was hoping 123.07 (38.2) woud be taken out this week to confirm. However, the monthly TL on this weekly chart is being tested and holding so far. If it continues to, we can expect drops to come me thinks.

EDIT: Added month chart
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej_month.gif Size: 25 KB
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  • #335,691
  • Feb 14, 2013 5:20am Feb 14, 2013 5:20am
Quoting _BBKing_
thinking about 120
but this is actually not confirmed by many things.
also possible another jump to 126 so let's see :=)
next week could become amazing!
- You should consider this: http://www.forexlive.com/blog/2013/0...urjpy-ma-news/
  • #335,692
  • Feb 14, 2013 5:22am Feb 14, 2013 5:22am
Quoting Ziko9o8
- You should consider this: http://www.forexlive.com/blog/2013/0...urjpy-ma-news/
I don't understand what that's saying. Can you enlighten?
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  • #335,693
  • Feb 14, 2013 5:25am Feb 14, 2013 5:25am
Quoting PoundTrader
strong downtrend on gbp/usd, im short at 1.5638, s/l 1.5761, t/p 1.5445
closed this trade now im short gbp/nzd. good luck to all
  • #335,694
  • Feb 14, 2013 5:39am Feb 14, 2013 5:39am
Quoting albchr
I don't understand what that's saying. Can you enlighten?
- A Japanese people wants to buy a European company, so they are going to bank with their Japanese Yen and they will transfer it into Euros.

- So they want to buy Euro cheapest as possible.

- So we'll see a selling in Euro, buying the Yen.

- The news states that the deal will be worth about 4 billion euro.

- And you can't entering any bank with this amount of money and you want them to execute your transfer now (because it is a very big amount of money).

- So, you place an order a head of time to transfer your Japanese Yen into Euros.

- That's why we saw a downward move started in E/Y.

- In 2011, I saw a move exactly like this, but a European people wanted to buy a Japanese company.

- Later after the news came out, E/Y has rallied about 370 pips in a 4 days. (but it depend on how much the deal was)

- I hope you take your time to read slowly and understand, because that's an important thing will make a big move.

- Cheers.
  • #335,695
  • Feb 14, 2013 5:52am Feb 14, 2013 5:52am
Quoting Ziko9o8
- A Japanese people wants to buy a European company, so they are going to bank with their Japanese Yen and they will transfer it into Euros.

- So they want to buy Euro cheapest as possible.

- So we'll see a selling in Euro, buying the Yen.

- The news states that the deal will be worth about 4 billion euro.

- And you can't entering any bank with this amount of money and you want them to execute your transfer now (because it is a very big amount of money).

- So, you place an order a head of time to transfer your Japanese Yen into Euros....
Thank you for the explanation. So in essence, this big event is confirming what I've seen in my EJ chart for roughly a week now. A big fall coming soon.
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  • #335,696
  • Feb 14, 2013 5:53am Feb 14, 2013 5:53am
Quoting albchr
Thank you for the explanation. So in essence, this big event is confirming what I've seen in my EJ chart for roughly a week now. A big fall coming happen soon.
- Exactly.
  • #335,697
  • Feb 14, 2013 5:58am Feb 14, 2013 5:58am
Gbpusd 4hr and Daily remain in opa downtrends...downside follow thru today off yesterday's daily bearish thrust candle that engulfed the body and all the lower wick on the prevuious day's pinbar on that t/f......today's current lo (5491) at the previous dly/wkly swing lo zone and 1.618% fibs in the vicinity too - of the moves a-b and c-d.

G/L
Attached Image(s) (click to enlarge)
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ex member
  • #335,698
  • Feb 14, 2013 6:01am Feb 14, 2013 6:01am
Quoting Ziko9o8
- A Japanese people wants to buy a European company, so they are going to bank with their Japanese Yen and they will transfer it into Euros.

- So they want to buy Euro cheapest as possible.

- So we'll see a selling in Euro, buying the Yen.

- The news states that the deal will be worth about 4 billion euro.

- And you can't entering any bank with this amount of money and you want them to execute your transfer now (because it is a very big amount of money).

- So, you place an order a head of time to transfer your Japanese Yen into Euros.

- That's...
interesting!
the only problem is: is this source reliable?
90% of traders use TA, indicators and prediction
  • #335,699
  • Feb 14, 2013 6:04am Feb 14, 2013 6:04am
Quoting _BBKing_
interesting!
the only problem is: is this source reliable?
- I reckon it is. It's WSJ
  • #335,700
  • Feb 14, 2013 6:09am Feb 14, 2013 6:09am
Quoting Ziko9o8
- Exactly.
This is why I'm happy to be a chartist. Saves me a lot time (that I don't have) reading.
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