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Cable Update (GBPUSD)

  • #341,521
  • May 23, 2013 7:40am May 23, 2013 7:40am
Quoting nAVIN2007
{image} divergence there ladies
That's right. USD is so strong. I said this fact yesterday and today's job data confirmed its power again. All majors are still down. Cable is going to below 1.49 for today.
  • #341,522
  • May 23, 2013 7:46am May 23, 2013 7:46am
Quoting nAVIN2007
{image} divergence there ladies
Ghost Rider - WWTBMD?
  • #341,523
  • May 23, 2013 7:50am May 23, 2013 7:50am
Quoting Trader88q
this week technicals just dont work as it should. thats why i got 1 SL another and third.after getting 3 SL in a row i was very angry. u know sometimes our system just crash. so for the future need to update it.but trully saying sometimes i think, why i can keep stable for a long time by making money and then this day comes when u can lost all.just dont know. u too. think about it. because sometimes branes just dont want to think in proper way. for the future analyse GU TECHNICALS of this week deeply.
next time follow the trend... if ur uncertain about the trend... Plot 55 EMA and 200EMA on your Daily, Weekly and Monthly chart if 55EMA is below 200EMA you are in a down trend. any pullbacks into these moving averages from the low, should not be immediately thought to be a bull trend but rather a RETRACEMENT from a down trend...
Look at GBPUSD monthly.... its been in a downtrend since 2008... why Long it?
fundamentals also pointing to the fact GBP is going to be devalued overtime... why Fight it?
We live in a finite world with infinite possibilities.
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  • #341,524
  • May 23, 2013 7:51am May 23, 2013 7:51am
Quoting Ri Dwe
I am still long and looking forward to see Cable trying to form Double Top at 1.56 in the near future
instead of a double top.... it formed a H&S top incase you havent seen my previous post....
ps. How near is near future to you? cuz i dont see GBPUSD going back up in the next half a year or so this quarter is gona have us creating lows as we're headed down now....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,525
  • Edited 8:07am May 23, 2013 7:54am | Edited 8:07am
Quoting -sonny-
it's just a question of time , before the market realize that the fed will never stop printing than 1.56 or 1.58 before 1.45
its just a matter of time before idiots like you realize in the long run USD is going to go UP....
Why? well interest rates is already at the lows so it can only go up...
as to your argument about FED never stopping their printing...
you are very wrong on that... yesterday ben bernanke hinted at a possible tapering.. why do you think GBPUSD failed to move up yesterday?

also the fact that US Jobs numbers keeps on improving .... we have a lower unemployment claim in the US yet again....
give up your lunatic theories.

ALL good things must come to an end....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,526
  • May 23, 2013 7:57am May 23, 2013 7:57am
Quoting nAVIN2007
{image} divergence there ladies
lol dude by the time USD reaches those purple lines... the divergence on ur MACD will be invalidated....
the divergence fall already occured before the rise we are experiencing now...

seems to me you dont know much about macd divergence, when im the true master of divergence trading MUAHAHHAHA
How do you think i saw the short coming at 1.56 for GBPUSD? cuz it was a bearish divergence occuring in a retracement within the bear trend...

also that candle we have... looks to me like USD broke above ur blue zone of resistance and retested that resistance turned support... looks ready to shoot up to your purple lines up top....
We live in a finite world with infinite possibilities.
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  • #341,527
  • May 23, 2013 8:03am May 23, 2013 8:03am
Meanwhile a trade i took at candle open today...
Another H&S patter forming on the GBPCHF, today's dip is the dip to create the Right Shoulder on GBPCHF... YOLO
i wonder what happens to GBPUSD if GBPCHF tanks all the way down to my Target take profit at 1.4200

Attached Image (click to enlarge)
Click to Enlarge Name: 20130523.1301.gmt.gbpchf.daily.png Size: 45 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,528
  • May 23, 2013 8:21am May 23, 2013 8:21am
on the other hand, im not a total dick... so bulls ill give you some hopes LOL....

See this chart? beautiful bearish gartley prediction... already you can see 1.56 is going to be the top o f a downtrend the next time we visit it....
ur pretty much fucked if ur holding anything hoping see above it...

besides... the down move is not over yet as you can see.... the bottom is predicted on the use of Monthly Support 3 which currently is at 1.4630, the longer it takes for us to reach there... the more unlikey we'll see GBPUSD go above 1.56.

besides i wouldnt like to be holding on to Hopeful Long on GBPUSD for that long... LOL
this chart is weekly so the down move i predict still has about 1-2 months before we bottom out, the up move will probably take about 3 months... so i wonder if CURRENT GBPUSD bulls can holdon to trades that long AHAHAH


i know Navin can. but can the Muppets??
Attached Image (click to enlarge)
Click to Enlarge Name: 20130523.1406.gmt.gbpusd.weekly.png Size: 32 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,529
  • May 23, 2013 8:31am May 23, 2013 8:31am
Just a few things to point out about myself:

  1. In general, I do not appreciate insulting other traders just because they do not see things in the same way I do.
  2. If I know/sure/positive/"have inside information"/"live in the country which currency is the subject matter"/"Will work for bloomberg or the FED", I will give "advice" or "hints" about what I know
  3. I don't like to ridicule other traders for their analysis or make them look like fools among other members, I would prefer to state my sentiment, support it by tech and fundamental analysis AND also take the opposing view into consideration since anyone can make mistakes and that analysis that I just dismissed as rubbish may all of a sudden become a plan (this is called a paradigm shift and it happens all the time)

Thanks for giving me the time to tell you about myself

Cheers

I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,530
  • May 23, 2013 8:36am May 23, 2013 8:36am
Quoting fxtyrant
on the other hand, im not a total dick... so bulls ill give you some hopes LOL.... See this chart? beautiful bearish gartley prediction... already you can see 1.56 is going to be the top o f a downtrend the next time we visit it....ur pretty much fucked if ur holding anything hoping see above it... besides... the down move is not over yet as you can see.... the bottom is predicted on the use of Monthly Support 3 which currently is at 1.4630, the longer it takes for us to reach there... the more unlikey we'll see GBPUSD go above 1.56. besides i wouldnt...




chart for yah
it will fight to go up..but the bear are soilders of war..they from 300
Attached Image (click to enlarge)
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  • #341,531
  • May 23, 2013 8:36am May 23, 2013 8:36am
Quoting baherhosni
Just a few things to point out about myself: In general, I do not appreciate insulting other traders just because they do not see things in the same way I do. If I know/sure/positive/"have inside information"/"live in the country which currency is the subject matter"/"Will work for bloomberg or the FED", I will give "advice" or "hints" about what I know I don't like to ridicule other traders for their analysis or make them look like fools among other members, I would prefer to state my sentiment, support it by tech and fundamental analysis...
very well written but hey... i gave bulls a fighting chance with that Bearish Gartley pattern on the weekly... well one last fighting chance before shit hits the fan in UK.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,532
  • May 23, 2013 8:37am May 23, 2013 8:37am
Quoting baherhosni
Just a few things to point out about myself: In general, I do not appreciate insulting other traders just because they do not see things in the same way I do. If I know/sure/positive/"have inside information"/"live in the country which currency is the subject matter"/"Will work for bloomberg or the FED", I will give "advice" or "hints" about what I know I don't like to ridicule other traders for their analysis or make them look like fools among other members, I would prefer to state my sentiment, support it by tech and fundamental...
...
Ghost Rider - WWTBMD?
  • #341,533
  • May 23, 2013 8:42am May 23, 2013 8:42am
Quoting nAVIN2007
{quote} chart for yahit will fight to go up..but the bear are soilders of war..they from 300 {image}
nah nah nah u got it wrong... we're not dropping from the high we just created this week... we are on our way Up to that downwards trendline u plotted for a 3 attempt
Actually.... you dont want to go against the dollar bulls... the americans are an economy that excels itself from winning World war I and World War II, no other economy can beat the US right now... China is maybe 5 years behind to even challenging the US... and russia? hmmm 10-15 years.

Just analyzing hard facts... not associating the US bears with the Spartan 300... then again the Spartan 300 all died in case you didnt watch the movie.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,534
  • May 23, 2013 8:44am May 23, 2013 8:44am
Quoting fxtyrant
{quote} nah nah nah u got it wrong... we're not dropping from the high we just created this week... we are on our way Up to that downwards trendline u plotted for a 3 attemptActually.... you dont want to go against the dollar bulls... the americans are an economy that excels itself from winning World war I and World War II, no other economy can beat the US right now... China is maybe 5 years behind to even challenging the US... and russia? hmmm 10-15 years. Just analyzing hard facts... not associating the US bears with the Spartan 300... then again...

yes u right..

but watch meh, this area is not a joke for usd..

we will look back at this chart in a few months
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 46 KB
  • #341,535
  • May 23, 2013 8:46am May 23, 2013 8:46am
Quoting fxtyrant
{quote} its just a matter of time before idiots like you realize in the long run USD is going to go UP....Why? well interest rates is already at the lows so it can only go up...as to your argument about FED never stopping their printing...you are very wrong on that... yesterday ben bernanke hinted at a possible tapering.. why do you think GBPUSD failed to move up yesterday? also the fact that US Jobs numbers keeps on improving .... we have a lower unemployment claim in the US yet again....give up your lunatic theories. ALL good things must come...
yeah right , just one day later http://www.forexfactory.com/news.php?do=news&id=429034
  • #341,536
  • May 23, 2013 8:47am May 23, 2013 8:47am
Quoting albchr
{quote} ...
I can accept people making mistakes but what i cant accept is people making the same mistake over and over again,
im fine of people making mistake as long as they learn not to do it next time.
but some traders here. are so reluctant to tell themselves they are wrong... those are the people who screwed up the banks as well...
rogue traders who never learned that Doubling down on a losing trade, extending a losing trade, is just stupid.

Adding more positions to a losing trade like longing GBPUSD every 50 pips it moves down is equally as dumb. especially when the long term trend on the GBPUSD is down. why bet against it?

GBPUSD has been in a down trend for the last 30 years since the unpegging to the deutsche mach
people. open your eyes wide and LOOK!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,537
  • May 23, 2013 8:47am May 23, 2013 8:47am
Quoting baherhosni
Just a few things to point out about myself: In general, I do not appreciate insulting other traders just because they do not see things in the same way I do. If I know/sure/positive/"have inside information"/"live in the country which currency is the subject matter"/"Will work for bloomberg or the FED", I will give "advice" or "hints" about what I know I don't like to ridicule other traders for their analysis or make them look like fools among other members, I would prefer to state my sentiment, support it by tech and fundamental analysis...

when GOD brings you a challenge he also gives you the power to deal with it
  • #341,538
  • May 23, 2013 8:48am May 23, 2013 8:48am
Lets not forget that on 2014 Thursday 18, Scotland will be voting for independence. So i think fxtyrant is right. We might get somewhere near 156 like he said. But after that... Goodbye.
Trololololo
  • #341,539
  • May 23, 2013 8:50am May 23, 2013 8:50am
Quoting nAVIN2007
{quote} yes u right.. but watch meh, this area is not a joke for usd..
Well hurry up and test 5127ish again will ya? I'd love to load "more" shorts from there as well bro.

This has been such a textbook sell, bank, retrace and sell again move from 5600 it's "almost" hard to believe.
Ghost Rider - WWTBMD?
  • #341,540
  • May 23, 2013 8:50am May 23, 2013 8:50am
Quoting -sonny-
{quote} yeah right , just one day later http://www.forexfactory.com/news.php?do=news&id=429034
Stop listtening to idiot chatters from Bullard and the other governors... you got to learn the basic of fundamental trading...

LISTEN TO THE BIG GUY ON TOP.... BEN BERNANKE.. and BEN said tapering maybe possible by year end.

its time you learn stop listening to the blowmouth noisemaker like Bullard, Rosengren and the others and concentrate on listening to what BEN has to say...

Besides Bullard isnt even in the Board of Governors of the Fed....
http://www.federalreserve.gov/aboutthefed/default.htm

Bullard is only 1 of the 12 Federal District Bank.
hes the St. Louis representative... Puny compared to the big guys like Bernanke and Yellen....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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