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Cable Update (GBPUSD)

  • #336,541
  • Mar 5, 2013 3:36am Mar 5, 2013 3:36am
Will be interesting to see if the 1.5200 zone holds.
  • #336,542
  • Mar 5, 2013 4:03am Mar 5, 2013 4:03am
Hi everyone
If interested... here's my monthly study where i consider some possible trends for a long term view.
Many pairs from indices (DJIA30, NI225) till some cross pairs (GBPAUD, EURCHF....) and GOLD.
90% of traders use TA, indicators and prediction
  • #336,543
  • Mar 5, 2013 4:16am Mar 5, 2013 4:16am
Quoting seaman2
as per plan. down to 130 or so....
out at be.

will be back some other day as signal has not worked as intended this time.
  • #336,544
  • Mar 5, 2013 4:29am Mar 5, 2013 4:29am
Reversal sign is from the technical point of view.
I trade mainy using technicals cause fundamentals is interpretative kind of stuff.

So look at this picture.
In the latest fibo chart i see the reversal of the trend at 61.8% fibo level.
If we will not go below 5100 within 24 hours i would say the up trend will continue to 5300.
In the latest 2 charts 61.8% fibo was touched but not broken.
Attached Image (click to enlarge)
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  • #336,545
  • Mar 5, 2013 4:29am Mar 5, 2013 4:29am
Quoting inpatient
yeah, even more ridiculous for sure

sometimes you have to step back and wonder wtf is going on with the markets, nothing makes sense any more.

Being I know nothing about funny mentals, I tend to see things from a very broad but general standpoint. So for me it's easy. There are NO markets running the markets right now. All the worlds economies are in the crapper and everything is being held up (or down) by hollow news and intervention. Since there is no "real" foundation for the markets, the idiots in charge do one thing and things swing too far so they do the opposite and it swings back too far. In simple terms (the ones that work best for me....), This pendulum will continue from one extream to other until they just get out of the way and allow BUSINESS to grow, JOBS to grow and a market foundation to be built again.

Quoting Bones
im thinking your over thinking haha
... My thinking (or lack thereof) exactly. It's in the charts as PA. All we can do is "follow" them. Trying to "think" ahead especially under the conditions I stated above is, for me anyway, over thinking.....LOL
Ghost Rider - WWTBMD?
  • #336,546
  • Mar 5, 2013 4:32am Mar 5, 2013 4:32am
Quoting inpatient
feeling quite confident we have not reached the bottom yet from this trend. This correction so far is along expected lines but i dont see much more from it.

going to bed, will be back in 8 hours
sure but a correction of few hundreds then can tell temporarily , I used it in smaller tf , just previous bottom . yeah can be a pullback action as broken 5186 , so may 5222 next step to catch 5317 & 34 , next 5415 & 37 if , next 5500, 5630/73 to even 5755, 5814, any or all may be possible in this down trend strategy for next 4444 or down .

anyway will care next 5222 if , 5300 & 5500.
lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,547
  • Mar 5, 2013 4:42am Mar 5, 2013 4:42am
$ now under 7200 ,testing
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #336,548
  • Mar 5, 2013 6:32am Mar 5, 2013 6:32am
holding gains well but needs to break 1.5160 before I go long.
  • #336,549
  • Mar 5, 2013 10:06am Mar 5, 2013 10:06am
Down she goes and where she stops nobody knows?
Money never sleeps...
  • #336,550
  • Mar 5, 2013 10:20am Mar 5, 2013 10:20am
Quoting _BBKing_
Hi everyone
If interested... here's my monthly study where i consider some possible trends for a long term view.
Many pairs from indices (DJIA30, NI225) till some cross pairs (GBPAUD, EURCHF....) and GOLD.
when your talking about the profit taking after Q1 on the Dow, do you believe it will get us beneath 13,000?

This will be a 10% correction if it were to occur?
Money never sleeps...
  • #336,551
  • Mar 5, 2013 10:35am Mar 5, 2013 10:35am
It just had to stop me out earlier at +5, now look at it

I am looking at 1.4950 as the nearest stop in the next 24 hours.
  • #336,552
  • Mar 5, 2013 11:23am Mar 5, 2013 11:23am
Quoting blobsaudio
It just had to stop me out earlier at +5, now look at it

I am looking at 1.4950 as the nearest stop in the next 24 hours.
me too...also got stopped out with a little profit. Just reshorted...
  • #336,553
  • Mar 5, 2013 11:52am Mar 5, 2013 11:52am
Quoting blobsaudio
It just had to stop me out earlier at +5, now look at it

I am looking at 1.4950 as the nearest stop in the next 24 hours.

this would be good for me but i think a few barriers on the way, particularly around 1.501 and of course 1.50

it seems to be having some trouble with 1.51 too but should break that soon and fall quite quickly to 1.505 from then
Money never sleeps...
  • #336,554
  • Mar 5, 2013 12:12pm Mar 5, 2013 12:12pm
Goldman is short cable. So makes no sense to get long. The new BOE head will dilute this bastard as much as he can.
  • #336,555
  • Mar 5, 2013 12:15pm Mar 5, 2013 12:15pm
Quoting TuttiDFrutti
Goldman is short cable. So makes no sense to get long. The new BOE head will dilute this bastard as much as he can.

will be already scraping the bottom before he even starts,.

there will be small rallies along the way but the pound is going lower no doubts

im even thinking about entering shorts even though it is completely against one of my system rules....?
Money never sleeps...
  • #336,556
  • Edited 12:46pm Mar 5, 2013 12:26pm | Edited 12:46pm
Quoting fontu
sure but a correction of few hundreds then can tell temporarily , I used it in smaller tf , just previous bottom . yeah can be a pullback action as broken 5186 , so may 5222 next step to catch 5317 & 34 , next 5415 & 37 if , next 5500, 5630/73 to even 5755, 5814, any or all may be possible in this down trend strategy for next 4444 or down .

anyway will care next 5222 if , 5300 & 5500.
lets see .
fontu
No decision today yet , in range . may be next day if it clearer .Correction more in favor this time if not crush so soon with very strong bear continue , 2 weeks at least hold here & may not that strong before a correction .
Immediately likely more down before further up untill otherwise prove , break & hold the previous bottom .why not a chart again ! eu & au trying ( up) from at present levels though !!
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 12 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,557
  • Mar 5, 2013 1:50pm Mar 5, 2013 1:50pm
I opened long on a tactical signal
hope it will be confirmed
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  • #336,558
  • Mar 5, 2013 1:57pm Mar 5, 2013 1:57pm
Quoting inpatient
when your talking about the profit taking after Q1 on the Dow, do you believe it will get us beneath 13,000?

This will be a 10% correction if it were to occur?
it's a long term view... so a move 14.500/14.800 till somewhere between 13.500/13.300 is possible
time will tell! first... let's see if and where price will stop the impulse up!
90% of traders use TA, indicators and prediction
  • #336,559
  • Mar 5, 2013 3:36pm Mar 5, 2013 3:36pm
not that much out of way....
enjoy!
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90% of traders use TA, indicators and prediction
  • #336,560
  • Mar 5, 2013 5:15pm Mar 5, 2013 5:15pm
Quoting _BBKing_
not that much out of way....
enjoy!
http://www.youtube.com/watch?v=4ECi6WJpbzE
Bush had so much trouble saying t - ta(c) payers money, he couldn't even bring himself to pronounce it fully, never mind the stutter. His conscience (surprisingly) got the better of him.
Come with me if you want to live....
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