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Cable Update (GBPUSD)

  • #337,421
  • Mar 21, 2013 4:49am Mar 21, 2013 4:49am
Quoting blobsaudio
Any bets on it being revised down next month?

i will not surprise if gbp reversed down again/.
  • #337,422
  • Mar 21, 2013 4:51am Mar 21, 2013 4:51am
I Sold on the top, US Unemployment Claims and Existing Home Sales coming out, this grumpy old gbp is going to drop it like it hot.
  • #337,423
  • Mar 21, 2013 4:52am Mar 21, 2013 4:52am
I am waiting for this hourly candle and 4hr candle to close, but it is looking like another rejection around the 1.5185 zone.
  • #337,424
  • Mar 21, 2013 4:55am Mar 21, 2013 4:55am
Im in big to the short side as well here
All posts are my personal opinion
  • #337,425
  • Mar 21, 2013 5:05am Mar 21, 2013 5:05am
I think we will head up to 15250- 153 today. The charts are looking good to continue.
  • #337,426
  • Mar 21, 2013 5:06am Mar 21, 2013 5:06am
If after a number like that this is all it can do then you have to fear for the pound.

More will hinge on US data now but what it gonna take to push the pound higher
Money never sleeps...
  • #337,427
  • Mar 21, 2013 5:16am Mar 21, 2013 5:16am
Quoting kamifx
Indicated level has been touched but this signals is very swinging then will be touched
after H4 candle closed above 1.5192 the swing will be between 1.5225
If Daily candle closes above 1.5192 then tomorrow 1.5450 will be touched
Just remember all be valid if Daily Candle behaved as i have said
Since yesterday, i've mentioned about levels and the way you can be sure for touching higher level
May intend to lose
Don’t follow someone else’s trading advice blindly
  • #337,428
  • Mar 21, 2013 5:22am Mar 21, 2013 5:22am
Like?

Quoting inpatient
True, would have been clearer too without news fluctuations. Lots pointing down right now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,429
  • Mar 21, 2013 5:23am Mar 21, 2013 5:23am
No

Quoting blobsaudio
Just about a head and shoulder pattern on the 15 min time frame.

Attachment
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,430
  • Mar 21, 2013 5:25am Mar 21, 2013 5:25am
Why abnormal ?


Quoting fontu
Seems not so yet , yes a foul /scammers play today having very abnormal last leg up !!! with free bail out money apparently /no got yet or 2.5B$ Russian give away what they thought , invested a lot to do this & so will try again & again for that line , too fay away though but ok still & last phase if not hold a great crush to assimilate those all bailout money action .
so turmoils still likely .Mine bear only though , one way . [b]watching 5068 & 26 again breaks down to go down near next and to confirm the views , what wrote before today as it...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,431
  • Mar 21, 2013 5:27am Mar 21, 2013 5:27am
Quoting inpatient
If after a number like that this is all it can do then you have to fear for the pound.

More will hinge on US data now but what it gonna take to push the pound higher
I know you say is that all it can do after that good number then be worried but there must be massive offers in this area if it can chew through them it will go higher.

I'm cautiously in the long camp not a reversal of trend but higher to go lower
  • #337,432
  • Mar 21, 2013 5:29am Mar 21, 2013 5:29am
Some levels may helpful but not forget about H4 Candle closing level ( It's Key for direction)
Attached Image (click to enlarge)
Click to Enlarge Name: gb2.JPG Size: 52 KB
Don’t follow someone else’s trading advice blindly
  • #337,433
  • Mar 21, 2013 5:30am Mar 21, 2013 5:30am
Quoting kamifx
Since yesterday, i've mentioned about levels and the way you can be sure for touching higher level
May intend to lose
But we can't ignore the news that's coming out today. 2 hours away, Unemployment Claims comes out will push it down. Then the existing house sales would push it down more, then finally It could hit a strong rejection on it's way down and fly up.
  • #337,434
  • Mar 21, 2013 5:35am Mar 21, 2013 5:35am
Quoting Bones
No
It just about met my understanding of a head and shoulder. Peak, followed by a dip, higher peak, followed by a dip before a higher peak. The last peak was the weakest part, but nothing is perfect. The set up didn't work.
  • #337,435
  • Mar 21, 2013 5:37am Mar 21, 2013 5:37am
lets see how day ends ,btw gbp has made a bullish move


Quoting Bones
I like this chart ,

I like the symmetry for end of week and month close

and also the location ,not mid like I see often
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h4 21-03-13.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,436
  • Mar 21, 2013 5:38am Mar 21, 2013 5:38am
Honestly ,15 min for a start ,second expand chart (show more )looks like consolidation thats all ,location prior trend
im not saying im an expert on H+S but I can clearly see its not


Quoting blobsaudio
It just about met my understanding of a head and shoulder. Peak, followed by a dip, higher peak, followed by a dip before a higher peak. The last peak was the weakest part, but nothing is perfect. The set up didn't work.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,437
  • Mar 21, 2013 5:46am Mar 21, 2013 5:46am
Quoting Bones
Why abnormal ?
Only due to nature of the wave , ok a 5th leg /last leg ( or if 1st leg > extremely unlikely though ) can be of any deformities in the faces . here may be as such . anyway abrupt ,rangy , spiky rather it took in good support , calm quite & smooth . excess of any thing is not good ,very short acting .
anyway , fresh pictures below.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdm30.png Size: 39 KB
Click to Enlarge Name: gbpusdh4.png Size: 39 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #337,438
  • Mar 21, 2013 5:57am Mar 21, 2013 5:57am
Quoting Bones
Honestly ,15 min for a start ,second expand chart (show more )looks like consolidation thats all ,location prior trend
im not saying im an expert on H+S but I can clearly see its not
There is nothing wrong with lower time frames, it simply made it easier to show the pattern than the 1hr due the way price moved about yesterday. Prior trend = ranging. If the middle peak wasn't in an area where price had rejected previously I would of likely have disregarded that weak pattern.
  • #337,439
  • Mar 21, 2013 5:59am Mar 21, 2013 5:59am
Actually I agree nothing wrong if you know what your doing ,your ready ..
Im trying to help you that is not a pattern at all


Quoting blobsaudio
There is nothing wrong with lower time frames, it simply made it easier to show the pattern than the 1hr due the way price moved about yesterday. Prior trend = ranging. If the middle peak wasn't in an area where price had rejected previously I would of likely have disregarded that weak pattern.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,440
  • Mar 21, 2013 6:10am Mar 21, 2013 6:10am
waiting for hour 4 to close above 1.52, and daily above 1.5180/1.52 before target for 1.53.

GBP out of limelight of bears for the moment compared to eur.

if cyprus can stop farting with negative's tweets every now and then, risk sentiment may slides for the breakout of gbp upwards, else still prone to downside sudden pa plunge because of risks.
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