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Cable Update (GBPUSD)

  • #339,721
  • Apr 30, 2013 7:44am Apr 30, 2013 7:44am
@ day almost gone but signal not there at a top. min breaks 5467 to start & confirmation at 5420. otherwise mofu in any format can take crazy still up & so no time for short yet . will check next day then . 5630 limit / near full pull back not that away .take care .
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #339,722
  • Apr 30, 2013 7:46am Apr 30, 2013 7:46am
well we just touched top very well respected rising tl ,daily printed small Doji yesturday ,which has broke to downside
you can add up long is risky dispite recent w1 ,m1
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 30-4-13 h4.png Size: 42 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #339,723
  • Apr 30, 2013 7:57am Apr 30, 2013 7:57am
so far, bull gaining slower by bit a bit... I can't tell the bull will go to 1.5520 or beyond at 1.56... ( possibility )... I'm just waiting!
  • #339,724
  • Apr 30, 2013 8:09am Apr 30, 2013 8:09am
Quoting Likerty
$GBPUSD 1.5577/8 is my sweet spot to target 5360's
like this idea!
  • #339,725
  • Apr 30, 2013 8:10am Apr 30, 2013 8:10am
Bones, I like your simple analysis.
  • #339,726
  • Apr 30, 2013 8:15am Apr 30, 2013 8:15am
Quoting big_pipin
Bones, I like your simple analysis.
  • #339,727
  • Apr 30, 2013 8:44am Apr 30, 2013 8:44am
Look at H1 Macd(12.26.9), it has nice divergence.
  • #339,728
  • Apr 30, 2013 8:50am Apr 30, 2013 8:50am
looks like go up abit..
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,729
  • Apr 30, 2013 8:54am Apr 30, 2013 8:54am
cable has been unable to break the 1.5470 level properly for follow through on the short side. I think some of the bigger players want cable to move higher befor releasing their buy position. Just my thoughts. I have a tp on my hedge now for 1.55550 so my short will be from that point unless the 1.5470 gets passed properly.
Just my thoughts.

Good trading guys
  • #339,730
  • Apr 30, 2013 9:00am Apr 30, 2013 9:00am
Could go either way accordin to the triangle on the hr
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  • #339,731
  • Apr 30, 2013 9:02am Apr 30, 2013 9:02am
it seems that the bears are not gonna leave the bulls to go up.
  • #339,732
  • Apr 30, 2013 9:05am Apr 30, 2013 9:05am
Quoting Mada001
it seems that the bears are not gonna leave the bulls to go up.


fight
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,733
  • Apr 30, 2013 9:08am Apr 30, 2013 9:08am
1.6300 my next target... bull is on his way now...
  • #339,734
  • Apr 30, 2013 9:11am Apr 30, 2013 9:11am
Quoting ijan112
1.6300 my next target... bull is on his way now...
  • #339,735
  • Apr 30, 2013 9:21am Apr 30, 2013 9:21am
Hmm...looks like either a double top on multi hour or a break out too the upside. Find that very hard to believe we have another leg up!
  • #339,736
  • Apr 30, 2013 9:46am Apr 30, 2013 9:46am
that's the top of it! Bear territory now...
  • #339,737
  • Apr 30, 2013 9:54am Apr 30, 2013 9:54am
kind looks like stop running to me...
Quoting skyhawkps
that's the top of it! Bear territory now...
  • #339,738
  • Apr 30, 2013 9:55am Apr 30, 2013 9:55am
My conviction remains strong that we will reverse down..
  • #339,739
  • Apr 30, 2013 9:59am Apr 30, 2013 9:59am
Quoting big_pipin
My conviction remains strong that we will reverse down..
we tested the low of yesterday PA rejected the low..we then enter a period of consolidation..breaking out north and now the high of yesterday has gone, after the low yesterday gone!!

in effect bullish engulf on yesterday movement
what if i may ask is the reason for the conviction??..what are u seeing in yur charts
  • #339,740
  • Apr 30, 2013 9:59am Apr 30, 2013 9:59am
It might go further 1.5570/90... but hoping that will not go there!
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