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Cable Update (GBPUSD)

  • #340,661
  • May 12, 2013 8:29am May 12, 2013 8:29am
my reference was how does the candle make you feel ,its not about anyone
If makes you feel bearish inside it probably is ,that's the point
anyway same to you have a nice week buddy



Quoting Ill-b-back
{quote} Yes I know you were trying to help but "how does this make you feel" were your words not mine. I know you have a good heart dude, I was just using it for a little affect
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,662
  • May 12, 2013 8:36am May 12, 2013 8:36am
minor confluence minor tl is how I see


Quoting Ill-b-back
{quote} You mean confluence with weekly support and 38.2 fib?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,663
  • May 12, 2013 8:39am May 12, 2013 8:39am
really appreciates for traders who trade from the extreeme top then add step by step to hit the target. not having short.then add step by step till extreme top and bang....

but profit is profit aniway...
not euphoria follower
  • #340,664
  • May 12, 2013 8:45am May 12, 2013 8:45am
Quoting iqyu5an
really appreciates for traders who trade from the extreeme top then add step by step to hit the target. not having short.then add step by step till extreme top and bang.... but profit is profit aniway...
yow man ... please draw UJ pattern
  • #340,665
  • May 12, 2013 9:45am May 12, 2013 9:45am
get ready for the sucker candle
where you guys think Tonys not right

Quoting iqyu5an
really appreciates for traders who trade from the extreeme top then add step by step to hit the target. not having short.then add step by step till extreme top and bang.... but profit is profit aniway...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,666
  • May 12, 2013 10:35am May 12, 2013 10:35am
Quoting Bones
monthly cable do you know the meaning of red herring ? {image}
by general direction, i meant the direction of my red arrow and not the direction of the retracing channel..

which is the same direction you are pointing to after the triple top on the chart you supplied but on a slightly tilted manner cuz of the difference in scale..

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,667
  • Edited 12:17pm May 12, 2013 10:35am | Edited 12:17pm
Quoting jasakreatif
{quote} yow man ... please draw UJ pattern
Here's some UY charts. One Daily and a couple of Monthly views from the most recent trade I posted where I added to longs from 97 to 101.8. These aren't current charts (so those targets marked off were already hit on Friday) but the charts are still valid.

The long term ascending TL we hit (on the first chart) lines up with major Monthly resistance, so a pullback is likely, besides the fact it was a 500 pip move up.

With UY, if it goes parabolic again, then pullbacks are more dangerous to trade, but the PA has normalized a bit more from the initial climb last year and the Kuroda announcement (which added around 800 pips in a straight line). You can typically recognize if it's parabolic if the PBs are flat, so the PA resembles cliffs and ledges.

I'm looking for a test of 100 area as support or perhaps even lower before the next swing up. (maybe that TL we broke out of on the bottom chart)

But you never know with the Yen trade if it's going to go exuberant on you, so you need to be careful shorting. The punch through on 100 was a beautifully methodical trade which was bought on 10 pip increments until it ran the stops which cascaded the move to 101.8. It cost that trader 4.8 billion USD to move price, but they profited handsomely once they ran the orders above 100. When players are throwing that kind of cash at the trade, looking at the current resistance, it's inside the realm of possibilities it could happen again.
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  • #340,668
  • May 12, 2013 12:24pm May 12, 2013 12:24pm
Quoting baherhosni
{quote} i don't an open question like that is necessary.. just read the last 10 pages or so and you WILL find all sorts of directions and sentiments analysed and described.. and i mean ALL! even having the price burst out of the screen in your face in 3D instead of just north, south and east.. hehe.. even looking left (west) in search for similar patterns in past years.. just read them.. tell me if you will use anything else but your own point of view when u finish reading them!! cheers
sorry if that bad..
sorry for my newbie talk..

and happy green pips !
  • #340,669
  • May 12, 2013 1:08pm May 12, 2013 1:08pm
JPY I think will get stronger along with $ ,JPY pairs are up against huge res and actually is in downtrend ,to range, not much data all eyes on 58.92
so much confluence right there you will knock me down with a feather over 60




Quoting Fudomyo
{quote} Here's some U,,. {image} {image} {image} {image}
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,670
  • May 12, 2013 1:28pm May 12, 2013 1:28pm
Quoting Bones
no I tried to help you ,only time will tell ,longs are prob good next week anyway when see see bearish pa you will be ready whist you listen and learned last year ... Ill be straight/frank the tls you draw are in the middle of nowhere (yellow one),tls an art ,not reliable unless completely obvious or with confluence {quote}
yea i was also gona point out his chart with the yellow trend line is whacked...
also the fact we closed last week like a bearish engulfing. the focus now is on a move downards... makinng it closer and clloser to the truth about the monthly candlee.... if weekly's bearish engulfing can drive the gbpusd further down... we might be able to form a monthly bearish engulfing candle when the timme come.
someting ill-b-back is not aware of...
also he has been wrong before... one of those guys who were aagainst me when i was super bearish on the audusd when iti was up around 1.03
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,671
  • May 12, 2013 2:01pm May 12, 2013 2:01pm
i wish it was Tuesday already...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,672
  • May 12, 2013 2:16pm May 12, 2013 2:16pm
I really think up first F ,that the $/£ may not be ready till end of month even ,price is at a obvious buy ,I will wait for higher maybe even buy

I don't even see d1 as pretty( top 2) as this set up here , we sit on support and this will not be easy to be sure up against bullish looking monthly

obvious thinkers must be tricked or maybe im wrong haha

Quoting fxtyrant
{quote} yea I..
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,673
  • May 12, 2013 2:21pm May 12, 2013 2:21pm
Quoting fxtyrant
{quote} yea i was also gona point out his chart with the yellow trend line is whacked... also the fact we closed last week like a bearish engulfing. the focus now is on a move downards... makinng it closer and clloser to the truth about the monthly candlee.... if weekly's bearish engulfing can drive the gbpusd further down... we might be able to form a monthly bearish engulfing candle when the timme come. someting ill-b-back is not aware of... also he has been wrong before... one of those guys who were aagainst me when i was super bearish on the...
Audusd chart & imaginary counts /picture there .levels go towards 0.8300 down. For now, I wrote before many times 0.9881 + down
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #340,674
  • May 12, 2013 2:54pm May 12, 2013 2:54pm
Quoting Bones
I really think up first F ,that the $/£ may not be ready till end of month even ,price is at a obvious buy ,I will wait for higher maybe even buy I don't even see d1 as pretty( top 2) as this set up here , we sit on support and this will not be easy to be sure up against bullish looking monthly obvious thinkers must be tricked or maybe im wrong haha {quote} {image}

wow i just noticed tone that head and shoulder on dailly u posted i have been so consumed with work i havent actually looked at the chart properly..but it look as if 1.6 was the neckline?? and price didnt come back to test..id love for a test of this area haha

if not asking to much hehe
  • #340,675
  • May 12, 2013 3:17pm May 12, 2013 3:17pm
I was thinking the neckline is more lateral
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,676
  • May 12, 2013 3:22pm May 12, 2013 3:22pm
Nav its not going 1.6 really ,tl pennant failure 1.58 takes us to broken tl

look at the trend we are in against the down the width ,the up/down

Quoting nAVIN2007
{quote} wow i just noticed tone that head and shoulder on dailly u posted i have been so consumed with work i havent actually looked at the chart properly..but it look as if 1.6 was the neckline?? and price didnt come back to test..id love for a test of this area haha if not asking to much hehe
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,677
  • May 12, 2013 3:27pm May 12, 2013 3:27pm
xe showing 5356 my closing was at5360.. 4 pips..

lets see where it opens.. i just hope i can keep myself awake until then.. half an hour seems like a day to me at this stage.. was a long week with no weekend for me and this week may be even harder..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,678
  • May 12, 2013 3:43pm May 12, 2013 3:43pm
Quoting baherhosni
xe showing 5356 my closing was at5360.. 4 pips.. lets see where it opens.. i just hope i can keep myself awake until then.. half an hour seems like a day to me at this stage.. was a long week with no weekend for me and this week may be even harder..
Hey Baher, have a look at this:

http://www.xe.com/currencycharts/?fr...o=USD&view=12h
  • #340,679
  • May 12, 2013 3:46pm May 12, 2013 3:46pm
Quoting fxtyrant
{quote} yea i was also gona point out his chart with the yellow trend line is whacked... also the fact we closed last week like a bearish engulfing. the focus now is on a move downards... makinng it closer and clloser to the truth about the monthly candlee.... if weekly's bearish engulfing can drive the gbpusd further down... we might be able to form a monthly bearish engulfing candle when the timme come. someting ill-b-back is not aware of... also he has been wrong before... one of those guys who were aagainst me when i was super bearish on the...
I am aware that anything can happen, a candle can do anything, but until support is gone I'm not going to ram a bearish idea down people's throats. Don't put words or ideas in my mouth, you have no idea what I am or am not aware of.
Again? My outlook is based on what is known, your post above contains "might be", "when time comes" etc.

That yellow line is not my main argument, I outlined many legitemate arguments and didn't even even mention the yellow line. It is an internal TL and they appear regularly at turning points.

And yet you you guys focus on something I didn't even mention, while ignoring the rest.

And we all wrong at times buddy, don't fool Yourself.
Come with me if you want to live....
  • #340,680
  • May 12, 2013 3:56pm May 12, 2013 3:56pm
Quoting Bones
Nav its not going 1.6 really ,tl pennant failure 1.58 takes us to broken tl look at the trend we are in against the down the width ,the up/down {quote}
that will do as well i will exit if 1.58 is reached..i lost most of the charting software to see quarterly charts, i cant even remember what i used?..u wont have an idea would u?
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