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Cable Update (GBPUSD)

  • #341,061
  • May 15, 2013 5:06pm May 15, 2013 5:06pm
Quoting fxtyrant
{quote} oh okay okay now ur making sense well then im not far off
  • #341,062
  • May 15, 2013 7:10pm May 15, 2013 7:10pm
forming a nice reversal diamond and looking for a potential area to sell.
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Come with me if you want to live....
  • #341,063
  • May 15, 2013 7:52pm May 15, 2013 7:52pm
Guys, we have clearly broken back up into the weekly range from long term monthly support.

We have had no significant retrace since 56.

there are very good confluences around 50xx which need to be retested.

Just be aware that if still holding big shorts, given this straight PA down from 56, this is setting us up for a possible ABCD swing back from 1.5xx to 1.58xx for the TL retests at the top of the weekly range.

Attached Image (click to enlarge)
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Come with me if you want to live....
  • #341,064
  • May 15, 2013 8:36pm May 15, 2013 8:36pm
1.5375 is required before weekly close.
When Scalpers win, I lose and Vice varsa...
  • #341,065
  • May 15, 2013 11:39pm May 15, 2013 11:39pm
Quoting fxtyrant
{quote} No so sure about AU going further down bro.... nice long signal i got at the bottom of a that Range.... i doubt its gona break.... if it does then it means they are easing as hard as the Japanese, Breaking that means Monthly EMAs will be tested, and the only currency that has broken monthly emas are all the Yen Pairs.... {image} {image}
Ok if possible hold here , actually already broken 0.9881, now try get a support , weekly closewise goes to 0.9731 . ok if any new support also .
gu trying hold at here with all force , gold tanking for next 1359 , good .

anyway eu target not there still 2771 to 2660 . will wait for all till those may happen today with close all for probable next bounce ,perhaps by NY open . that is LOndon & FF may not take much up , down uptimately .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,066
  • May 16, 2013 1:16am May 16, 2013 1:16am
Quoting fontu
{quote} Ok if possible hold here , actually already broken 0.9881, now try get a support , weekly closewise goes to 0.9731 . ok if any new support also . gu trying hold at here with all force , gold tanking for next 1359 , good . anyway eu target not there still 2771 to 2660 . will wait for all till those may happen today with close all for probable next bounce ,perhaps by NY open . that is LOndon & FF may not take much up , down uptimately . fontu {image}
We could be heading much lower for a much needed correction to next level of support and lower channel around 9150
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  • #341,067
  • May 16, 2013 1:38am May 16, 2013 1:38am
nice pick up,
Quoting Ill-b-back
{quote} We could be heading much lower for a much needed correction to next level of support and lower channel around 9150 {image}
  • #341,068
  • May 16, 2013 2:38am May 16, 2013 2:38am
Quoting feather
nice pick up, {quote}
Nice fall, Ausie down almost 100 pips already
  • #341,069
  • Edited 5:29am May 16, 2013 4:29am | Edited 5:29am
One small diamond for further pressure down direct but in smaller tf may fail also so either 5400 or 5113> way for 5026 breaks actually. likely down without correction now . eu also trying correction but same failure most probable , all lower tf noise ,2771 or low still not achieved .

about euraud , seeing broken 3110 to have 139 pips up further , yes 3190 breaks can be a wait though , that is strong up there & strong down for eur in other pairs non stop one more leg down continues.
fontu
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Click to Enlarge Name: eurauddaily.png Size: 32 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,070
  • Edited 6:00am May 16, 2013 5:50am | Edited 6:00am
very strong resistance at 1.5230 area, seems like we will have another fall again, no pullback or retrace no cry...this is what we named seller heaven...... what a nice day....
  • #341,071
  • May 16, 2013 6:36am May 16, 2013 6:36am
Quoting Red Alert
very strong resistance at 1.5230 area, seems like we will have another fall again, no pullback or retrace no cry...this is what we named seller heaven...... what a nice day....
Quoting fxtyrant
{quote} This is the H&S im talking about and look how convenient we are stuck in this range on right shoulder at wehre Williams%R 50% I swear to god this consolidation will attract a lot of innocent thinking Bulls who think we might turn up... but its a huge trap.. as this thing is positionted to test the lows... now the RS/Right Shoulder consolidation could extend as long as the Left shoulder did before the drop.... but the picture is pretty clear... nows not the time to take any position. if ur bullish you might consider entering short at...

not over yet!
  • #341,072
  • May 16, 2013 7:01am May 16, 2013 7:01am
Quoting fontu
One small diamond for further pressure down direct but in smaller tf may fail also so either 5400 or 5113> way for 5026 breaks actually. likely down without correction now
Seems like brake down. I think bears are coming...
  • #341,073
  • May 16, 2013 7:40am May 16, 2013 7:40am
Quoting skyhawkps
{quote} {quote} not over yet!
what do you mean not over yet?? dude look at GBPUSD 1.52 is proving to be quite the Temporary support further makes my argument that we are right now in the Right SHoulder range of 1.520-1.5350, scalpers can enjoy this 150 pip range we're in but optimally id like to load short at 1.5350/1.5380 for a continuation to go below 1.52 as reflected by the H&S pattern on Daily that needs completing...
have a nice day and trade safe.... and it wont hurt to listen to me time to time guys.... ive predicted 1.52 to be the support to eye out 2 days ago... we're there and rebounding from it... but this doesnt mean bullish... awww hell no... this means opportunity for bears to enter short when this thing is pushing up for stop hunts...


PS. someone decided to report me yesterday for suspending that eitan guy.... this isnt motivating me much guys....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,074
  • May 16, 2013 7:42am May 16, 2013 7:42am
Quoting fxtyrant
{quote} what do you mean not over yet?? dude look at GBPUSD 1.52 is proving to be quite the Temporary support further makes my argument that we are right now in the Right SHoulder range of 1.520-1.5350, scalpers can enjoy this 150 pip range we're in but optimally id like to load short at 1.5350/1.5380 for a continuation to go below 1.52 as reflected by the H&S pattern on Daily that needs completing... have a nice day and trade safe.... and it wont hurt to listen to me time to time guys.... ive predicted 1.52 to be the support to eye out 2 days ago......
agree with you the good man.next level consolodition 1.344xx
  • #341,075
  • May 16, 2013 7:45am May 16, 2013 7:45am
1.5380 than we'll see... if we break it the blue zone
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  • #341,076
  • May 16, 2013 7:48am May 16, 2013 7:48am
Quoting -sonny-
1.5380 than we'll see... if we break it the blue zone {image}
holy shit all that longs you got... you are one heck of a position risky trader...

anyways finally some bad US numbers coming through... and i wonder if its sign that the USD bulls rally are over...
look to bernanke's speech for hints.... im pretty sure he's gona now talk about how the Jobs market is still in fragile state...
QE might still be in place for another year or so who knows....

came at a good time after we tested that right shoulder support at 1.52... maybe bernanke might give the bulls what they want and the big bears what they want too...
Bernanke to Jawbone the US economy again so bulls can get a nice 100 pip ride up.. and bears to benefit from getting to short a little higher up..
still not bullish on GBPUSD cuz this jawboning thing doesnt work over short period... short term bernanke might give GBPUSD a 100 pip move up
a week or a month after his jawbone push of GBPUSD, ppl wil realise USD is still gona strengthen over long term and Short the shit outa GBPUSD. i'm one of them
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,077
  • May 16, 2013 7:58am May 16, 2013 7:58am
Quoting fxtyrant
{quote} holy shit all that longs you got... you are one heck of a position risky trader... anyways finally some bad US numbers coming through... and i wonder if its sign that the USD bulls rally are over... look to bernanke's speech for hints.... im pretty sure he's gona now talk about how the Jobs market is still in fragile state... QE might still be in place for another year or so who knows.... came at a good time after we tested that right shoulder support at 1.52... maybe bernanke might give the bulls what they want and the big bears what they...
not at all my Equity is at 97.68%
  • #341,078
  • May 16, 2013 8:06am May 16, 2013 8:06am
Quoting -sonny-
{quote} not at all my Equity is at 97.68%
you either have a very big account trading small size or ur trading a demo.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,079
  • May 16, 2013 8:14am May 16, 2013 8:14am
Quoting fxtyrant
{quote} what do you mean not over yet?? dude look at GBPUSD 1.52 is proving to be quite the Temporary support further makes my argument that we are right now in the Right SHoulder range of 1.520-1.5350, scalpers can enjoy this 150 pip range we're in but optimally id like to load short at 1.5350/1.5380 for a continuation to go below 1.52 as reflected by the H&S pattern on Daily that needs completing... have a nice day and trade safe.... and it wont hurt to listen to me time to time guys.... ive predicted 1.52 to be the support to eye out 2 days ago......
exactly, bear not over yet... They may think that was it for the bear.

  • #341,080
  • May 16, 2013 8:27am May 16, 2013 8:27am
My take profit is achieved for long position
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