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Cable Update (GBPUSD)

  • #338,921
  • Apr 16, 2013 4:14pm Apr 16, 2013 4:14pm
Quoting Ill-b-back
All the best Specs
thanks mate.
  • #338,922
  • Apr 16, 2013 6:53pm Apr 16, 2013 6:53pm
Daily Chart
Attached Image
  • #338,923
  • Apr 16, 2013 7:05pm Apr 16, 2013 7:05pm
Waiting for 5285 and not front-running obvious p/a turned out costly.
Attached Image (click to enlarge)
Click to Enlarge Name: cable02.jpg Size: 206 KB
  • #338,924
  • Apr 16, 2013 9:18pm Apr 16, 2013 9:18pm
Quoting Tradedly
Waiting for 5285 and not front-running obvious p/a turned out costly. {image}

Do you think the chart is showing a h&s forming?
  • #338,925
  • Apr 16, 2013 11:51pm Apr 16, 2013 11:51pm
Good Morning , so now all to try for correction pull back as far possible .eu, gu & related already trying for some time almost without correction , that is wave up still in & when end then again correction down as wave b likely before final leg up to celebrate pull back & bear continue most probable . So make complexes at it's will .

lets see .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: goldh1.png Size: 25 KB
Click to Enlarge Name: gbpusddaily.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,926
  • Apr 17, 2013 1:43am Apr 17, 2013 1:43am
1.5422 is still valid but break of 1.5300 will invalidate all scenarios
  • #338,927
  • Apr 17, 2013 3:56am Apr 17, 2013 3:56am
A funny currency lol...
Come with me if you want to live....
  • #338,928
  • Apr 17, 2013 4:00am Apr 17, 2013 4:00am
Quoting forex4india1
1.5422 is still valid but break of 1.5300 will invalidate all scenarios
Not yet
Should be 1.5269 for resume down
If there was easy money lying around,no one would be forcing it into your
  • #338,929
  • Apr 17, 2013 4:31am Apr 17, 2013 4:31am
got 3 SL this week by catching trend. Looks like need to wait that bitch to go down more and maybe then long.
i will not toucht it till 5180 thats for sure and recomend u to do so too.
  • #338,930
  • Apr 17, 2013 4:35am Apr 17, 2013 4:35am
Quoting Trader88q
dont care about the data anymore. look technical point of view. now its open free fall for GBP of call it what ever u want. so technically we will back this week to 5235 first point. here u can buy SP 5210 TP 5335 next level 5160 here u can buy again. if again wrong SL 5140 TP 5260. IF 5160 will be broken it could mean long term trend again bearish target may be 4800 again. but i think this week we will hit 5235 it will be minimum of this week. copy that message and read it at thursday morning ok


see ?!! posted on monday morning
  • #338,931
  • Apr 17, 2013 4:48am Apr 17, 2013 4:48am
it's the elevator game , one push the up button the other the down button.

where do you want to go from here? 1.5230 or 1.54 just push the button
  • #338,932
  • Apr 17, 2013 5:03am Apr 17, 2013 5:03am
Quoting airafx
Daily Chart {image}
To me, they seems to be in the range of possible 1.5380-1.5258. Above 1.5380 bullish to break previous high. Below 1.5261 bearish to challenge key support 1.5240-58. Break either side is good game breakout.

Yesterday's lo was breached earlier due to poorer data and fundamental updates from GBP.

Previously 1.5240-58 was resistance, possible support area for bounce too. As potentially resistance turns support, previously price took that bounce there earlier @ 1.5242.

Earlier

Intra-day resistance now @ 1.5318, 1.5330 and 1.5350.

Very short term resistance @ 1.5296

TA must accompany ongoing fundamental catalyst most of the times. Just pick a good tech level for bounce/reject will be better. I prefer going with the Marabuzo's signal during europe breakout for mini trend breakout than be in a position taking that might be swing/middle terms.
  • #338,933
  • Apr 17, 2013 5:06am Apr 17, 2013 5:06am
Quoting -sonny-
it's the elevator game , one push the up button the other the down button. where do you want to go from here? 1.5230 or 1.54 just push the button
1.5230 looks promising. Then there is more room for 1.54
  • #338,934
  • Apr 17, 2013 5:21am Apr 17, 2013 5:21am
Quoting Alanamc
1.5230 looks promising. Then there is more room for 1.54
I would wait 5180.
Open long 5180 SL 5160 TP 5300. If u will cautch this u will get solid return. Ok if 5160 then 5032 or in the middle of 61.8-100 fibonachi it is 5135.
But i would long then in 5032 cause 5135 so risky.

so that is my plan. we will see.

and dont forget to do wave analysis too cause its better to enter in the second or third under wave. dont enter the creation of 1 waves cause u dont see the picture.
first wave after price slide shows nothing. second wave shows the support line. so go it?
  • #338,935
  • Edited 5:48am Apr 17, 2013 5:24am | Edited 5:48am
update only, gu to break 5239 towards 38.8 % 5191or 50% 5122 fib min but expecting breaks below 61.8% 5055 actually below 5026. small hs also playing at top for 150 pips down 5278 approximately.
gold may to up continue 1425/27 as far in this step , before correction down B & last leg up as C .

eu , gu, gold all allied are in correction up , gold little lagged behind just . if now eu,gu breaks down then over "a" to have support "b" to last up C as far while gold short cut b1 to c towards 1425/7 before breaks b down around 1347 or now 47 to up towards C . still little disharmony but more or less ok .

All these corrections in all before final , not last may be, breakdown for real bear & for shivering the economy as a whole or panic stage comes forwards . still hope remain in the correction up .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: goldh4.png Size: 21 KB
Click to Enlarge Name: gbpusdh4.png Size: 41 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,936
  • Apr 17, 2013 5:27am Apr 17, 2013 5:27am
Quoting fontu
update only, gu breaks 5234 towards 38.8 % or 50% fib min but expecting breaks below 61.8% actually below 5026. gold may to up continue 1425/27 as far in this step , before correction down B & last leg up as C / eu , gu, gold all allied are in correction up , gold little lagged behind just . if now eu,gu breaks down then over a to have support to last up C as far while gold short cut b!1 to c towards 1425/7 before breaks b down & last C . still little disharmony but more or less ok . All these corrections in all before final , not last may...
u think similiar like me. but i think 61.8 fibo is a stop point for bears. the fake scenario could be that we will break 5180 level and go to 5135 and here is the optimal point i think. but i will trade in 5180 zone
  • #338,937
  • Apr 17, 2013 5:28am Apr 17, 2013 5:28am
it will be better for the bulls to don't let the trend go down to 1.5230 and start buying here , I going to try to buy from here
  • #338,938
  • Apr 17, 2013 5:35am Apr 17, 2013 5:35am
Quoting -sonny-
it will be better for the bulls to don't let the trend go down to 1.5230 and start buying here , I going to try to buy from here
i would buy here too if not those 3 stop losses i dont want to catch 4 one so cant risk here. u can risk. if u can let youself to put SL at 5160 then risk and buy at 5230

i can risk 20 pips per trade no more. made -60 pips on pound this week, +49 on yean. so now i need to catch the price and make +100 pips as minimum.
the GU is trend this weak is so strange. i dont see clear trend now. we stalled somewhere 23.6-38.1 fibo range
  • #338,939
  • Apr 17, 2013 6:03am Apr 17, 2013 6:03am
I'm wondering when the cable is strongly bearish you want to buy it.

Quoting Trader88q
i would buy here too if not those 3 stop losses i dont want to catch 4 one so cant risk here. u can risk. if u can let youself to put SL at 5160 then risk and buy at 5230 i can risk 20 pips per trade no more. made -60 pips on pound this week, +49 on yean. so now i need to catch the price and make +100 pips as minimum. the GU is trend this weak is so strange. i dont see clear trend now. we stalled somewhere 23.6-38.1 fibo range
  • #338,940
  • Apr 17, 2013 6:07am Apr 17, 2013 6:07am
Quoting Maso
I'm wondering when the cable is strongly bearish you want to buy it.
on what basis u state it stronglly bearish. look 4H chart, draw fibo from 6381 to 4832. do deep analysis then say something.
we are still in up trend from 4832. again u cant state that we are stong bearish trend. for now we are sliding down.
its called side corection or call it how u want but correction is not a trend.

u know what !!! look !! if 5032 level will be broken then u can say the trend reverse appeared. till 5032 brake we are still in up trend.
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