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Cable Update (GBPUSD)

  • #338,501
  • Apr 6, 2013 5:02am Apr 6, 2013 5:02am
for you
condition of market is not how you see maso


Quoting Maso
Thanks mate for your advice.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,502
  • Apr 6, 2013 5:22am Apr 6, 2013 5:22am
lol no chart ,well I am the bees knees as you say ,like god haha
here for you ,its free



Quoting Bones
lol what is the market condition of gold ? please share your chart and thoughts
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  • #338,503
  • Edited 6:30am Apr 6, 2013 5:42am | Edited 6:30am
Wtf ! XE.com show -100 pips for cable and euro, someone know why?
  • #338,504
  • Apr 6, 2013 5:44am Apr 6, 2013 5:44am
Also study study study

Morning star derivatives are

Hammer
Inverted hammer
Doji Star
gravestone doji
Doji cross
abandoned baby

no need to thank me






Quoting deepak925
Wish it was small like morning star i would have definately noted but wht i see sometimes is in the image..with strong trend {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,505
  • Apr 6, 2013 5:46am Apr 6, 2013 5:46am
Quoting baherhosni
chewy?!
To me, girlfriend is more tasty than wife...(I am not serious!)
  • #338,506
  • Apr 6, 2013 9:07am Apr 6, 2013 9:07am
Quoting -sonny-
Wtf ! XE.com show -100 pips for cable and euro, someone know why?
yeah i saw that a few hours ago..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,507
  • Apr 6, 2013 9:42am Apr 6, 2013 9:42am
Quoting Bones
lol no chart ,well I am the bees knees as you say ,like god haha here for you ,its free {image}
On that bigger tf, they are still in that range until the final support have been breached and closed under. i will continue buy low sell hi until that last range's support or resistance above 1800 is broken. Reaction for turning point @ range's end.
  • #338,508
  • Apr 6, 2013 5:54pm Apr 6, 2013 5:54pm
W/e Review

So far this month price has travelled 61% of it's 20 month atr. The week just closed it travelled 152% of it's 20 week atr and Friday it travelled 153% of it's 20 day atr.

This week just closed saw an upside follow thru on the last Monthly candle close which was the Pinbar. The weekly candle closed as hammer with a bullish body but a slight upper wick. This t/f remains in an opa (overall price action-fractal price swing hi/lo analysis) range and the weekly hi saw a retest of the previous weekly/monthly range bottom after a pullback from the underside following the downside breech of such finding a low at 4830. The 100sma is converged on the 200sma on this t/f from above and both are pointing down. No fractal swing created by the weekly candle close.

Friday's daily candle closed bullishly . No fractal swing was created by Friday's daily candle close at it's hi but it will be at a H when it does form. 50% of 5878-4830 was around the Hi of the candle which was also the weekly hi. This t/f remains in a weakened general opa downtrend having seen 2 x LH's and a h now. The 100sma is below the 200sma and is pointing down...Thursday and Friday's candles show signs of strength which may finish off the much weakened general opa downtrend on this t/f.

The 4Hr t/f is in a general opa uptrend. No fractal swing was created by last 4hr close which was bullish. It's 100sma has now crossed up through it's 200sma and is pointing up.

The 1Hr is in a classic opa uptrend now and it's 100sma is above it's 200sma and like 4Hr - is pointing up.

So overall the pairing is showing some signs of strength but upside obstacles remain not least getting thru to the upside of the bottom of the previous weekly/monthly range lows (previous support) that it was challenging at Friday's Hi. The Weekly however still looks more bearish than bullish overall - however another bullish weekly close will challenge this view.

G/L
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ex member
  • #338,509
  • Apr 6, 2013 10:04pm Apr 6, 2013 10:04pm
gbp shouldn't be anywhere near these levels. its economy is stuck. and a lot of QE required. this will bring it back to 1.50 and below. look at JPY. most traders dont like a currency that needs to embark on aggressive QE.
  • #338,510
  • Apr 6, 2013 10:06pm Apr 6, 2013 10:06pm
Quoting Halba
gbp shouldn't be anywhere near these levels. its economy is stuck. and a lot of QE required. this will bring it back to 1.50 and below. look at JPY. most traders dont like a currency that needs to embark on aggressive QE.
Weren't you just saying last week that USD/JPY had reached its peak and would definitely move lower? I think that was even after the BOJ monetary decisions...

If you understand that traders don't like a currency that needs to embark on aggressive QE then why would you have thought that the JPY would strengthen from that point on?

Edit: Found your post - http://www.forexfactory.com/showthre...41#post6571641 You made this statement within hours after BOJ decisions and before a 200-300 pip move up in USD/JPY.

I hope you're not trading your ideas you keep spouting off in the forums!
  • #338,511
  • Apr 6, 2013 11:38pm Apr 6, 2013 11:38pm
Quoting 100PipsADay
Weren't you just saying last week that USD/JPY had reached its peak and would definitely move lower? I think that was even after the BOJ monetary decisions... If you understand that traders don't like a currency that needs to embark on aggressive QE then why would you have thought that the JPY would strengthen from that point on? Edit: Found your post - http://www.forexfactory.com/showthre...41#post6571641 You made this statement within hours after BOJ decisions and before a 200-300 pip move up in USD/JPY. I hope you're not...
lets face it. 95% of the traders have gone wrong on these japanese fools. 76 to 97.80 in what 6 months. so we are talking about 2200 pips in 6 months
another thing is even i thought i topped out at 96.40. so don't blame him. bcoz the JPY price was factoring in QE. now those fools have doubled QE massively leaving the next government in disray with ballooning fiscal deficit and japan would be the next greece. mark my words
  • #338,512
  • Apr 7, 2013 12:46am Apr 7, 2013 12:46am
maybe gu is heading to 5000 again...present 1 hour chart

http://www.xe.com/
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  • #338,513
  • Apr 7, 2013 5:20am Apr 7, 2013 5:20am
Hi guys, I'd like to post my trade set up that was very profitable, I bought due the positive news from UK on the 04/04 at 3:30 pm (gmt +4), + it was a 86% retracement from the Capital ABCD and U-turn at stochastic. So I had very good reasons to buy. As the trade went my way, I locked in profits during the way. My first TP was initially at 1.5257 that was a ceiling of resistance and the second TP was the D extension at 1.5322 (2 hrs TF) (also high of 22nd feb), but as it broke the resistance due the NFP, I watched this market very closely and closed the position at 1.5341 with total of +257.30 pips. I also added a second buy during the NFP announcements and got extra + 81 pips, total of 338.30 pips.

Let's see what this pair has to offer next week, my thoughts are: if the level of 1.5322 becomes future support, it may go to the next D extension that's right now is at 1.5566 (2 hrs TF) but since we just hit the D extension on both 2 hrs and 4 hrs TF, it may retrace and provide short opportunities on the way down before extends.

Wish you all great weekend and happy pips.

FX 35.

"If you want to succeed as much as you want to breath, you'll be successful"
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  • #338,514
  • Apr 7, 2013 6:14am Apr 7, 2013 6:14am
Quoting Bones
lol no chart ,well I am the bees knees as you say ,like god haha here for you ,its free {image}
Good chart , me short term - long both bearish still .

usdx 5th may end by brk 81 or mofu continuation up above 84 possible, even down below 82 ok for great up next . lets see .

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,515
  • Apr 7, 2013 6:45am Apr 7, 2013 6:45am
Quoting Halba
gbp shouldn't be anywhere near these levels. its economy is stuck. and a lot of QE required. this will bring it back to 1.50 and below. look at JPY. most traders dont like a currency that needs to embark on aggressive QE.
Good charts bbmac, the daily tf show everything .
What indicator do you use to draw the blue and red zones?
we are at a turning point again because of the Portugal news,
But if the gap is filled next week with good news, the daily 100 ema will be my long terme target.
  • #338,516
  • Apr 7, 2013 7:50am Apr 7, 2013 7:50am
Hey F ,heres my usdx ,not as clear as gold ,I really like gold ,may look to trade off d1 pattern large if not breached


Quoting fontu
Good chart , me short term - long both bearish still . usdx 5th may end by brk 81 or mofu continuation up above 84 possible, even down below 82 ok for great up next . lets see . fontu {image} {image} {image}
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  • #338,517
  • Apr 7, 2013 7:58am Apr 7, 2013 7:58am
Hey, If you want to trade in Gold Which i think is a safe heaven , you should go Gold Vs Euro (Long)
  • #338,518
  • Apr 7, 2013 8:04am Apr 7, 2013 8:04am
Bad NFP numbers pushed the GBP/USD up higher and of course BOE leaving rates on hold. Resistance 1.5315
  • #338,519
  • Apr 7, 2013 10:08am Apr 7, 2013 10:08am
Quoting Bones
Also study study study Morning star derivatives are Hammer Inverted hammer Doji Star gravestone doji Doji cross abandoned baby no need to thank me
Won't thanks already studyin candlesticks..
GBP/USD
  • #338,520
  • Apr 7, 2013 10:31am Apr 7, 2013 10:31am
Great check out Hussin early posts

Quoting deepak925
Won't thanks already studyin candlesticks..
On-site guru & also FF member's' psychiatrist, when not drinking tea
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