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Cable Update (GBPUSD)

  • #340,381
  • May 9, 2013 8:49pm May 9, 2013 8:49pm
Quoting Zircon
long gbpusd . long eurusd.
And ( if ) it does go north, it will be very powerful I think.
Come with me if you want to live....
  • #340,382
  • May 9, 2013 8:56pm May 9, 2013 8:56pm
Quoting Ill-b-back
{quote} And ( if ) it does go north, it will be very powerful I think.

french guys say< Ca passe ou ca casse.

hope i am right II bb. it will be long day for me waiting haha SL in place of course.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #340,383
  • May 9, 2013 8:58pm May 9, 2013 8:58pm
good luck folks
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #340,384
  • May 9, 2013 9:42pm May 9, 2013 9:42pm
Quoting Zircon
{quote} french guys say< Ca passe ou ca casse. hope i am right II bb. it will be long day for me waiting haha SL in place of course.
LOL,

Yes maybe worth a shot, good luck Zircon, tight stop indeed...
Come with me if you want to live....
  • #340,385
  • May 9, 2013 10:02pm May 9, 2013 10:02pm
Quoting Ill-b-back
{quote} Looking at your chart, the sell off looks no more powerful than the previous ones. I'm keeping a very open mind for one of cables bullish tricks off the 23 fib.
Yeah I agree open mind is always good with this pair. We have some decent structure there that commands respect and if we get through it we have the LTL of this channel. We get through that and it could get interesting for sure but a lot to get through.

Enjoy, have fun, make a great day, and may we all continue to make bank!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd daily.gif Size: 77 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #340,386
  • May 9, 2013 10:45pm May 9, 2013 10:45pm
Quoting CNTrader
{quote} Yeah I agree open mind is always good with this pair. We have some decent structure there that commands respect and if we get through it we have the LTL of this channel. We get through that and it could get interesting for sure but a lot to get through. Enjoy, have fun, make a great day, and may we all continue to make bank!! {image}
Have a look at the weekly chart and the breakout area that we are now retesting.

Also, potential weekly AB=CD pattern from 1.4830 not yet complete.

A-B= 580
C-D = 580 pips almost exactly on the 61.8 retrace and weekly 200SMA
Just my thoughts.
Come with me if you want to live....
  • #340,387
  • May 9, 2013 11:03pm May 9, 2013 11:03pm
Quoting Ill-b-back
{quote} Have a look at the weekly chart and the breakout area that we are now retesting. Also, potential weekly AB=CD pattern from 1.4830 not yet complete. A-B= 580 C-D = 580 pips almost exactly on the 61.8 retrace and weekly 200SMA Just my thoughts.
Yes that's exactly the area I have highlighted in my previousl chart. So we are in agreement i believe lol. Like you said. Best to keep an open mind

In the meantime I'm rolling stops until I'm not. This is a look at the 4hr too that I'm watching. Posted previously. Open to either direction and when price behavior tells me I'll gladly listen. Nice trading. Enjoy, have fun, make a great day and lets continue making bank!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4hr.gif Size: 80 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #340,388
  • May 9, 2013 11:11pm May 9, 2013 11:11pm
Quoting CNTrader
{quote} Yes that's exactly the area I have highlighted in my previousl chart. So we are in agreement i believe lol. Like you said. Best to keep an open mind In the meantime I'm rolling stops until I'm not. This is a look at the 4hr too that I'm watching. Posted previously. Open to either direction and when price behavior tells me I'll gladly listen. Nice trading. Enjoy, have fun, make a great day and lets continue making bank!! {image}
Come with me if you want to live....
  • #340,389
  • May 10, 2013 2:21am May 10, 2013 2:21am
I think H4 are oversold
Quoting CNTrader
{quote} Yes that's exactly the area I have highlighted in my previousl chart. So we are in agreement i believe lol. Like you said. Best to keep an open mind In the meantime I'm rolling stops until I'm not. This is a look at the 4hr too that I'm watching. Posted previously. Open to either direction and when price behavior tells me I'll gladly listen. Nice trading. Enjoy, have fun, make a great day and lets continue making bank!! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: h4 test break up Zone Only.png Size: 85 KB
  • #340,390
  • May 10, 2013 2:47am May 10, 2013 2:47am
hello friends the main rally still remain up...just look the form below(my opinion)

Attached Image (click to enlarge)
Click to Enlarge Name: monthly bulish form.png Size: 74 KB
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,391
  • May 10, 2013 3:17am May 10, 2013 3:17am
If the weekly TL goes, we could be in for a double bottom

or

weekly AB=CD - 1550 PIPS

playing the monthly zones

and a monthly harmonic also I believe hidden in there
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 38 KB
Click to Enlarge Name: gbpusdmonthly.png Size: 36 KB
Come with me if you want to live....
  • #340,392
  • May 10, 2013 3:49am May 10, 2013 3:49am
All OK , carry on to the levels of interest or little more before ranges for the next week preparation .
http://www.forexfactory.com/showthre...42#post6671142

Nice development perhaps .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #340,393
  • May 10, 2013 3:59am May 10, 2013 3:59am
anyone eyeing a long position at 1.5400??
  • #340,394
  • May 10, 2013 4:17am May 10, 2013 4:17am
Quoting likalotapus
anyone eyeing a long position at 1.5400??
not me, and ill be showing you why...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,395
  • May 10, 2013 4:18am May 10, 2013 4:18am
Hey guys, im on the process of uploading the next video analysis for today on the GBPUSD.
in it i will be discussing about the Technical and Fundamental analysis on the GBPUSD.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,396
  • Edited 4:48am May 10, 2013 4:25am | Edited 4:48am
For best viewing experience, please view video in 720p HD settings and in Full screen.

Today ill be talking about the GBPUSD trades, the technical analysis, the targets im aiming for, and the fundamental reasons behind the trades.
hope everyone finds the analysis video

i am still stuttering btw...

Inserted Video
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,397
  • May 10, 2013 4:29am May 10, 2013 4:29am
Quoting fxtyrant
For best viewing experience, please view video in 720p HD settings and in Full screen. Today ill be talking about the GBPUSD trades, the technical analysis, the targets im aiming for, and the fundamental reasons behind the trades. hope everyone finds the analysis video i am still stuttering btw... said Good afternoon when its only 10:30 AM here in London wtf.. AHAHAH http://youtu.be/CHGHrTcoMOM

will look at the video when i have more time..damnit..i missed an opportunity for the short
  • #340,398
  • May 10, 2013 4:30am May 10, 2013 4:30am
Quoting likalotapus
anyone eyeing a long position at 1.5400??
the euro is in a descending channel but should retrace from here , so cable will follow I will buy cable between here and 1.5365
Attached Image (click to enlarge)
Click to Enlarge Name: euro1.png Size: 56 KB
  • #340,399
  • May 10, 2013 4:58am May 10, 2013 4:58am
Quoting -sonny-
{quote} the euro is in a descending channel but should retrace from here , so cable will follow I will buy cable between here and 1.5365 {image}
On my view, Cable is going to touch the bottom line of ascending channel. 1.5350 should be the cheap price for the ticket of the Northern Train.

I will buy cable in another 40' if she's still hanging lower than 1.54. TP1 @ 1.55 (middle line of channel) with SL1 1.53, TP2 @ 1.57 and SL2 1.515

Hope we can have a Friday surprise
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 38 KB
  • #340,400
  • May 10, 2013 4:59am May 10, 2013 4:59am
Quoting ForexRatVN
{quote} On my view, Cable is going to touch the bottom line of ascending channel. 1.5350 should be the cheap price for the ticket of the Northern Train. I will buy cable in another 40' if she's still hanging lower than 1.54. TP1 @ 1.55 (middle line of channel) with SL1 1.53, TP2 @ 1.57 and SL2 1.515 Hope we can have a Friday surprise {image}
it still amazes me to see how people are trying to go long at 1.54 when in fact its only the beginning of the bear trend...
do people not see a potential H&S pattern forming on the daily?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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