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Cable Update (GBPUSD)

  • #341,341
  • May 21, 2013 4:51am May 21, 2013 4:51am
Here is my monthly sketch pad:

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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,342
  • May 21, 2013 4:51am May 21, 2013 4:51am
Quoting Bones
lol ,daily low to go ,daily low to go {quote}
...
Ghost Rider - WWTBMD?
  • #341,343
  • May 21, 2013 5:06am May 21, 2013 5:06am
Quoting chazzle
{quote} Sir, may I recommend the Novacane? It's an excellent vintage http://www.youtube.com/watch?v=TMfPJT4XjAI

I will look for it
  • #341,344
  • May 21, 2013 5:22am May 21, 2013 5:22am
http://www.roboforex.ru/files/filema...120_130521.png
  • #341,345
  • Edited 5:42am May 21, 2013 5:26am | Edited 5:42am
Quoting fontu
{quote} Ok , 1st day correction up try , broken initial inner range limit 2878+89 eu & today may try next confirmation in this try 2930/35 but may not that first , can down to initial range down to ,2771+50!!test scalping short taken before for 2826/19 first , watch level breaks channel 2872 approximately. gu similarly ,broken 5218/26 & 63 well & good & to see confirmation next if 5322/31 today or lower range test , breaks again 5218 to 5182 towards 5167 today. Gold got a good bounce , can be limited to continue down 1441/5/60. Thank , fontu {image}...
http://www.forexfactory.com/showthre...68#post6693968

Good going , cable already did the correction of correction but eu to just start & continue down gu, 5089-26 next stack very likely and the fear come true HS ,smaller though,play then bear continuation below previous lows so early ! next will wait see PANIC.
anyway take care specially bull people .may be time not matured enough for it & join.strong bear still in action, so NO reach the point of no return to give for correction before next swing down further , just a show now before all real only breaks eu 2000 & gu 4750 start to below all lows 4227 intermediate , 3502!!Real then 4750 gu & eu 2000, if they prepared for any great can do great up also , not think yet.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,346
  • May 21, 2013 5:26am May 21, 2013 5:26am
Back to where I loaded the ship on Friday at 1.517. Wait under 1.513 to reloaded
Make it simple, but not simpler - Einstein
  • #341,347
  • May 21, 2013 5:31am May 21, 2013 5:31am


Quoting amianalyst
gbp/usd intraday analysis buy@ 1.5170, sl@ 1.5100, tp@ 1.5320, estimated time 55 hours. a trailing stop is suggested to use. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,348
  • May 21, 2013 5:44am May 21, 2013 5:44am
G/M,

4hr shows the main potential support/rbs factors below current 5138 lo. Near-term 61.8% of 4830-5606 just below here @ 5127 and below there a previous 4hr/daily/minor weekly swing lo zone extends down to 5032-25...bids being touted at 5025 ?

G/L
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ex member
  • #341,349
  • May 21, 2013 5:56am May 21, 2013 5:56am
here intraday trade to 1.5


Quoting amianalyst
gbp/usd intraday analysis buy@ 1.5170, sl@ 1.5100, tp@ 1.5320, estimated time 55 hours. a trailing stop is suggested to use. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,350
  • May 21, 2013 6:00am May 21, 2013 6:00am
Price so far today has travelled 123% of it's 20 day atr, so far this week 56% of it's 20 week atr, and so far this month 86%of it's 20 month atr

G/L
ex member
  • #341,351
  • May 21, 2013 6:15am May 21, 2013 6:15am
honestly do not think morning star at all ,monthly will let us know

Quoting Bones
really you can see ,$ is driving ,I think £ will fail up tho {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,352
  • May 21, 2013 6:22am May 21, 2013 6:22am
my limit order is touched,..
well, lets see..
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  • #341,353
  • May 21, 2013 7:33am May 21, 2013 7:33am
Elliott Wave Intraday Analysis for GBP/USD 21-May-2013 17:45 IST

Gbp/Usd will complete its cycle here. RSI is already diverged , Trendline on RSI also broken and was traded over 50 level. Our main job is to identify five wave up and three wave down for possibly go for long. Shorts on this levels are not recommended.

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  • #341,354
  • May 21, 2013 7:33am May 21, 2013 7:33am
Quoting Grandhis
my limit order is touched,.. well, lets see.. {image}
The story is worse than what you expect.
  • #341,355
  • May 21, 2013 7:40am May 21, 2013 7:40am
Mover of the day was GBP/USD when worse than expected CPI, PPI and Retail Price Index figures came out. The CPI came out at 2.4% compared to consensus of 2.6% as a result the rate fell from 1.5226 and currently at 1.5141.
  • #341,356
  • May 21, 2013 7:49am May 21, 2013 7:49am
Ok the UK CPI is 2.4% from 2.8%
US CPI for april also bad 1.1 from 1.5% so?
I think dont count on CPI that is not the driving force.
THE FED. yes.
All because of them.
Technically we should hit 5125. If 5125 will be broken then i think 5000 on thursday.
But again 5000? really. ok we will see. I wll long 5000 and take good profit at 5200

I think again its speculation that FED will unwind QE program that will send dollar high. Those who think so can wash they branes cause its crazy idea. FED will continue QE with no end. That will not end. Only war 3 will end that...
  • #341,357
  • May 21, 2013 8:05am May 21, 2013 8:05am
bit of consolidation ,but under 1.5158 ,its ripe for short ,if it goes to 1.5 it will not be a buy imo ,what would monthly look like then !
bulls must get back over 158 to save the day for more consolidation poss
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,358
  • May 21, 2013 8:09am May 21, 2013 8:09am
Quoting Bones
bit of consolidation ,but under 1.5158 ,its ripe for short ,if it goes to 1.5 it will not be a buy imo ,what would monthly look like then ! bulls must get back over 158 to save the day for more consolidation poss {image}
Fully agreed.

Hope some real action coming today or tomorrow. Downwards.

Where do you reckon it's going to?
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  • #341,359
  • May 21, 2013 8:16am May 21, 2013 8:16am
if the $ breaks weekly do not sell it !! lol
check the monthly usd lfx ,
Power to $
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,360
  • May 21, 2013 8:18am May 21, 2013 8:18am
not gold ,red herring on gold imo
On-site guru & also FF member's' psychiatrist, when not drinking tea
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