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Cable Update (GBPUSD)

  • #338,661
  • Apr 10, 2013 6:06am Apr 10, 2013 6:06am
Quoting Maso
Yes, I agree but NZD shows more bullish movements. So, which point is the best for entering this long position?
I already started buying 1.7950, 1.79, may be go @ 1.7865 or less deeper... hope not as it's a middle of the week
  • #338,662
  • Apr 10, 2013 6:08am Apr 10, 2013 6:08am
Quoting -sonny-
Is it a possible H&S formation for the eurusd ? I'm not very good in patterns {image}
Actually since '91 see it as in an inverted hs , tried few times for more hs to bull at the top areas and failed . now also probable one small and may fail too as not that clear cut , trying to change shape & fail again . anyway price at top areas having a bull flag for the real big up & work the very big HS but hope not the last leg down to the start not reached yet , nor the world economy ready for or the US willingly go self very deep recession again so soon .
Now 2 hs trying play , one Inverted bigger & recently normal one for more down .
lets see 3164/90 reach &can break down further possible or not . so break 3134,61 first.

Not that it can reach direct there as may be invalidate or defuse at an early , same as not jump around 29692/65 , , at an early . so ok but no great as hs active now in this currency fighting .
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusdweekly1.png Size: 32 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,663
  • Apr 10, 2013 6:23am Apr 10, 2013 6:23am
Do you really expect this big fall for EUR? Is USD so strong now? I'm not sure.

Quoting fontu
Actually since '91 see it as in an inverted hs , tried few times for more hs to bull at the top areas and failed . now also probable one small and may fail too as not that clear cut , trying to change shape & fail again . anyway price at top areas having a bull flag for the real big up & work the very big HS but hope not the last leg down to the start not reached yet , nor the world economy ready for or the US willingly go self very deep recession again so soon . Now 2 hs trying play , one Inverted bigger & recently normal one for more down . lets...
  • #338,664
  • Apr 10, 2013 6:29am Apr 10, 2013 6:29am
Price @ the current lo reaches those 5300 bids mentioned earlier..Daily Pivot and 38.2% 5238-5343 there too.

How strong are the bears now ?

G/L
ex member
  • #338,665
  • Apr 10, 2013 6:40am Apr 10, 2013 6:40am
Quoting Maso
Do you really expect this big fall for EUR? Is USD so strong now? I'm not sure.
Quoting Maso
I think you are so optimistic on cable. Remember that Mervin King on 1.50 line said that our currency was found its real value.
Quoting Likerty
I'm not optimistic neither talking about value - its just technicals..
Quoting Likerty
Waiting for reaction to 5195, later on: 5212, 5274, 5340, 5474/80 5447/80 looks nice for intraday shorting especially if it overshoots to 5520'ties in one go.. Still long way to go of course..
Its not about being strong or weak...
69
  • #338,666
  • Apr 10, 2013 6:45am Apr 10, 2013 6:45am
gold 30 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: gold 30 min tl 10-4-13.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #338,667
  • Apr 10, 2013 7:16am Apr 10, 2013 7:16am
I really appreciate if you explain more.

Quoting Likerty
Its not about being strong or weak...
  • #338,668
  • Apr 10, 2013 7:18am Apr 10, 2013 7:18am
Quoting Likerty
Its not about being strong or weak...
And thats how 50 pips of profits looks like intraday: (cable, m1)
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_1 Min_scalping.png Size: 27 KB
69
  • #338,669
  • Apr 10, 2013 7:19am Apr 10, 2013 7:19am
i see we're finally moving to the south, i think this gonna take a while..

nearest support is the obvious ~5240.. hope that minor support can clear the way to 5200 and bring a retest later..

GL guys.
  • #338,670
  • Apr 10, 2013 7:23am Apr 10, 2013 7:23am
Quoting Maso
I really appreciate if you explain more.
I would advise you to stop chasing fundamentals and start dig deep in to technicals..
69
  • #338,671
  • Apr 10, 2013 7:39am Apr 10, 2013 7:39am
1.5315 resistance level but still uptrend, support at 1.5253.
  • #338,672
  • Apr 10, 2013 7:44am Apr 10, 2013 7:44am
Although Euro may go down today, but what I can see on technical analysis, is an uptrend on it in weekly and monthly periods.

Quoting Likerty
I would advise you to stop chasing fundamentals and start dig deep in to technicals..
  • #338,673
  • Apr 10, 2013 7:54am Apr 10, 2013 7:54am
Quoting Maso
Although Euro may go down today, but what I can see on technical analysis, is an uptrend on it in weekly and monthly periods.
well, as for fiber, the main resistance is at ~3135, if you look at higher TF, still not an uptrend.. in weekly, there's a possibility it become H&S.. imho.
  • #338,674
  • Apr 10, 2013 7:58am Apr 10, 2013 7:58am
Get ready for FED in two minutes...

Quoting A-speculator
well, as for fiber, the main resistance is at ~3135, if you look at higher TF, still not an uptrend.. in weekly, there's a possibility it become H&S.. imho.
  • #338,675
  • Apr 10, 2013 8:21am Apr 10, 2013 8:21am
it seems that we are going nowhere until the Unemployment Claims tomorrow
  • #338,676
  • Apr 10, 2013 8:31am Apr 10, 2013 8:31am
The storm is coming mate.

Quoting -sonny-
it seems that we are going nowhere until the Unemployment Claims tomorrow
  • #338,677
  • Apr 10, 2013 8:58am Apr 10, 2013 8:58am
Quoting Maso
The storm is coming mate.
Its takes sometime to neutralize the bullish momentum.. ranging market is expected..
  • #338,678
  • Apr 10, 2013 9:26am Apr 10, 2013 9:26am
hi

cable facing sell pressure @ 4h chart and it could test 1.5181
  • #338,679
  • Apr 10, 2013 10:23am Apr 10, 2013 10:23am
I'm betting here, the Unemployment Claims tomorrow will be bad for the usd and we will see one last leg up
Attached Image (click to enlarge)
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  • #338,680
  • Apr 10, 2013 10:27am Apr 10, 2013 10:27am
Quoting -sonny-
I'm betting here, the Unemployment Claims tomorrow will be bad for the usd and we will see one last leg up {image}
so, you're expecting the report tomorrow will be positive eh..

well, i don't know that.. but technically, it's quite risky to long at this price unless the breakout of 5340.. imho.
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