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Cable Update (GBPUSD)

  • #338,521
  • Apr 7, 2013 10:35am Apr 7, 2013 10:35am
Quoting Bones
Great check out Hussin early posts
more than evening star won't u agree it's shooting star on top and morning star down..
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GBP/USD
  • #338,522
  • Apr 7, 2013 10:44am Apr 7, 2013 10:44am
The top candle=shooting star
the formation 3 candles is evening star

3 candle is high reliability

candles are better high time frame no low , but market is fractal


Quoting deepak925
more than evening star won't u agree it's shooting star on top and morning star down.. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,523
  • Apr 7, 2013 10:54am Apr 7, 2013 10:54am
I use the rectangle tool in the Line Studies Toolbar of MT4 (MT4>View>Toolbars>LineStudies>Rectangle) The zones are the most obvious previous fractal swing hi/lo zones on the relevant t/f's that represent the most obvious near-term (relative to the t/f) imbalances of supply over demand and demand over supply respectively...they are colour coded top reflect where a previous swing hi / lo co-exists as such on the next higher t/f.

Yes likely to be a gap down at open re Portugal news. G/L with that scenario/target if any such gap is filled.

BBmac.

Quoting -sonny-
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.
ex member
  • #338,524
  • Apr 7, 2013 10:56am Apr 7, 2013 10:56am
This gold one is very pretty ,text book ,good location
I would be extremly disapointed if it failed

note how much higher than candle one ,strong close ,

3 candle pretty ,to me = very high proberbility

but still I guess only probable not cast is stone



Quoting deepak925
more than evening star won't u agree it's shooting star on top and morning star down.. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gold monring star d1 7-4-13.png Size: 47 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,525
  • Apr 7, 2013 11:57am Apr 7, 2013 11:57am
Quoting vaniza
maybe gu is heading to 5000 again...present 1 hour chart http://www.xe.com/ {image}
can i know how come vaniza GU chart is like tt? how come GU is around 1.5220+ when market is close?

u can see his GU chart here http://www.forexfactory.com/showthre...378&page=22568
  • #338,526
  • Apr 7, 2013 12:51pm Apr 7, 2013 12:51pm
Quoting Clairvoyant
can i know how come vaniza GU chart is like tt? how come GU is around 1.5220+ when market is close? u can see his GU chart here http://www.forexfactory.com/showthre...378&page=22568
here is your answer bro
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  • #338,527
  • Apr 7, 2013 1:08pm Apr 7, 2013 1:08pm
Quoting vaniza
here is your answer bro {image}
does that mean it shows possible market movement during market close? from xe.com it seems slightly after market close, price went down.
  • #338,528
  • Apr 7, 2013 1:16pm Apr 7, 2013 1:16pm
Quoting Clairvoyant
does that mean it shows possible market movement during market close? from xe.com it seems slightly after market close, price went down.
dunno bro

just show my reference , maybe it is fake or wrong......cheers
  • #338,529
  • Apr 7, 2013 1:18pm Apr 7, 2013 1:18pm
Quoting vaniza
dunno bro just show my reference , maybe it is fake or wrong......cheers
ic.. ok thanks alot!
  • #338,530
  • Apr 7, 2013 1:27pm Apr 7, 2013 1:27pm
Quoting Clairvoyant
ic.. ok thanks alot!
no problemo bro
just share something that i thought will be useful to others , hopefully...
  • #338,531
  • Apr 7, 2013 1:35pm Apr 7, 2013 1:35pm
my chart on gu h1 , looks like it will be moving down , just a noob prediction
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  • #338,532
  • Apr 7, 2013 1:42pm Apr 7, 2013 1:42pm
without a doubt, bias is still down. I'm with you on that too. Have to see how traders react with the QE thing due to non farm. However, i think it is still risk off.
  • #338,533
  • Apr 7, 2013 1:43pm Apr 7, 2013 1:43pm
Quoting vaniza
no problemo bro just share something that i thought will be useful to others , hopefully...
not all brokers close at the same time.. and that is partially why we get week open gaps. with different parts of the world applying day light saving on different dates this becomes clearer i am guessing.. for example i remember one friday during march as i recall, the price was struggling with a resistance for a couple of hours b4 closing and it went
down like stone just 1 hour b4 closing for the weekend. i am guessing the move occurred like that one on some brokers and with very high vols right aftrr rrtail brokers closed..

so i am expecting market to open with this gaping hole in it.. the question now becomes will the price head for a retest of last week's hi, or will it continue to rally south to find support strong enough to push it back north!!

just me typing my thoughts out in a post... good luck to all..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,534
  • Apr 7, 2013 1:48pm Apr 7, 2013 1:48pm
Quoting baherhosni
not all brokers close at the same time.. and that is partially why we get week open gaps. with different parts of the world applying day light saving on different dates this becomes clearer i am guessing.. for example i remember one friday during march as i recall, the price was struggling with a resistance for a couple of hours b4 closing and it went down like stone just 1 hour b4 closing for the weekend. i am guessing the move occurred like that one on some brokers and with very high vols right aftrr rrtail brokers closed.. so i am expecting market...
actually i got this price and chart from someone else in other forum and i'm also shocked.
although i'm also have short position in gu and eu , but i didnt impressed at it
just pray it is true but if it is fake , i always have plan b and c and d lol
  • #338,535
  • Apr 7, 2013 1:55pm Apr 7, 2013 1:55pm
Quoting vaniza
actually i got this price and chart from someone else in other forum and i'm also shocked. although i'm also have short position in gu and eu , but i didnt impressed at it just pray it is true but if it is fake , i always have plan b and c and d lol
i am praying... i am short too
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,536
  • Apr 7, 2013 1:57pm Apr 7, 2013 1:57pm
Quoting baherhosni
i am praying... i am short too
i guess we're all on short. haha. i hope so too. im short unless it breaks 1.54
  • #338,537
  • Apr 7, 2013 1:58pm Apr 7, 2013 1:58pm
GBPUSD 1.5320

http://www.bloomberg.com/markets/cur...s/cross-rates/
you are the creator of your own destiny-Shivyog
  • #338,538
  • Apr 7, 2013 6:12pm Apr 7, 2013 6:12pm
i think bullish season is almost over, at least in the short term.. fiber and swissy seems reach their S&R level at about the same time as cable.. perhaps we might go under from here on.. imho.
  • #338,539
  • Apr 7, 2013 6:16pm Apr 7, 2013 6:16pm
Quoting A-speculator
i think bullish season is almost over, at least in the short term.. fiber and swissy seems reach their S&R level at about the same time as cable.. perhaps we might go under from here on.. imho.


Well, i have been long term bearish with the pair but the last week and a break of 1.53 has left me without confidence, sidelined for the time being,

sitting on shorts on the Euro that i wish i didnt have, just scalping right now in the opposite direction to try and pull back the negative on my open shorts. I fiond sunday night (US time) is a good time to grab small 5 pip trades with high lots.
Money never sleeps...
  • #338,540
  • Apr 7, 2013 6:21pm Apr 7, 2013 6:21pm
Quoting inpatient
Well, i have been long term bearish with the pair but the last week and a break of 1.53 has left me without confidence, sidelined for the time being, sitting on shorts on the Euro that i wish i didnt have, just scalping right now in the opposite direction to try and pull back the negative on my open shorts. I fiond sunday night (US time) is a good time to grab small 5 pip trades with high lots.
well, as for cable i think the resisitance is at about 5350.. which is where the price currently at.. i'm slightly bearish in the short term and i think we might cover last week's gain this week.. but this is just a speculation judging on quite a reaction we got from last week's high.. i mean i see quite a number of seller when price reach that price.

anyway, might take days to confirm this.. let's see.. fiber on the other hand should trading sustainably below 3000.. if we can get that, then perhaps we might see cable going down following fiber steps.
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