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Cable Update (GBPUSD)

  • #341,881
  • May 29, 2013 12:55pm May 29, 2013 12:55pm
Quoting Ri Dwe
{quote} Take it easy .. we need clowns and cheerleaders here .. He is funny ps. Still look forward to see 1.53 breakout and touch 1.56 again next month
  • #341,882
  • May 29, 2013 1:06pm May 29, 2013 1:06pm
Just a pointer, there is such a thing as "Countertrend Trading".. and I use it too

here.. grab a chair: http://www.investopedia.com/terms/c/...nd-trading.asp
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,883
  • May 29, 2013 1:40pm May 29, 2013 1:40pm
cool still its not going to 1.56 in fact it hasn't even broke range yet id say down next


Quoting baherhosni
Just a pointer, there is such a thing as "Countertrend Trading".. and I use it too here.. grab a chair: http://www.investopedia.com/terms/c/...nd-trading.asp
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,884
  • Edited 2:34pm May 29, 2013 1:59pm | Edited 2:34pm
So a dog fight day & bull in control as in a wave , last up for down continue having limits intact or breach them to pave for more correction in process start. that is still will bear in correction to up further.

Anyway while in just correction , bull-bear candles seen in H4 tf & daily may not indicate any serious intention , random spikes likely as wrote before here around one logical bottom areas playing.

gu limit well placed 5157, daily now close /high 5154 or 5113 market will remain in bear side again or at least pressure continue down .

In M5 chart for fine tuning supports the limit of the price at top for now too.limits for up 5071 when a must break level 5081.break limit 5071 if then be over for now for further up try > going another failure probable .

Eu M5 also similar .

eu limit 3033, still space there if can play but if this daily high or close exact at 2997 high or 2931, 2904 close then also more chance bear remain intact for today .
and if they intact with all crazy movements as in last leg up for down then can bear continue also next day . anyway expecting a decision this week for next week action .daily tf sell off very likely today .

In gold initial ,lowest limit only 1419 , still intact & other limits 1478, 1540/55 far away .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusddaily.png Size: 36 KB
Click to Enlarge Name: gbpusddaily.png Size: 37 KB
Click to Enlarge Name: gbpusdm5.png Size: 42 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,885
  • May 29, 2013 2:04pm May 29, 2013 2:04pm
Quoting Bones
cool still its not going to 1.56 in fact it hasn't even broke range yet id say down next {quote}
howzit going bones

ok.. i agree on that one.. its still soaking bearish, but first i want it to go to its upward limits i hope.. will give it its chance until tomorrow night gmt..

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,886
  • May 29, 2013 2:55pm May 29, 2013 2:55pm
I've added another short again targeting 150 area.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 29 KB
  • #341,887
  • Edited 4:47pm May 29, 2013 4:11pm | Edited 4:47pm
Bullish engulfing daily close - no fractal swing created by it on this t/f but buyers evident in that zone down to 5000..are they taking control ?

Given this daily close what is the greater probability now re tomorrow's move ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 121 KB
ex member
  • #341,888
  • May 29, 2013 5:00pm May 29, 2013 5:00pm
really like your chart BB could be right ,my view is that is not a bullish candle ,but it really could be lol


Quoting bbmac
Bullish engulfing daily close - no fractal swing created by it on this t/f but buyers evident in that zone down to 5000..are they taking control ? Given this daily close what is the greater probability now re tomorrow's move ? G/L {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h4 29-5-13.png Size: 42 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,889
  • May 29, 2013 5:06pm May 29, 2013 5:06pm
Yea im fine ,well I guess could give better price ,but honestly cable is very bearish

Quoting baherhosni
{quote} howzit going bones ok.. i agree on that one.. its still soaking bearish, but first i want it to go to its upward limits i hope.. will give it its chance until tomorrow night gmt.. cheers
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #341,890
  • May 29, 2013 6:02pm May 29, 2013 6:02pm
Waiting for a break -

either way....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 33 KB
Come with me if you want to live....
  • #341,891
  • May 29, 2013 6:29pm May 29, 2013 6:29pm
Bullish engulfing close .... closing all short trades for now.

Good luck
Thank You
  • #341,892
  • May 29, 2013 9:21pm May 29, 2013 9:21pm
Seems like more people are expecting cable to fall today…
Including me
  • #341,893
  • May 29, 2013 9:29pm May 29, 2013 9:29pm
Quoting Ill-b-back
Waiting for a break - either way.... {image}


Nice chart, we can see that it is already double bottom in 4h. It is near to broke, fuuhh…
  • #341,894
  • May 29, 2013 10:08pm May 29, 2013 10:08pm
stucked below 50 weekly fib and weekly pivot still........... and PA 1H already below tokyo open.. just 3 or 5 pips to knock aussie open

tic toc


Quoting iqyu5an
meet optimum ratio for bearish shark at weekly pivot already {quote}
not euphoria follower
  • #341,895
  • May 29, 2013 10:11pm May 29, 2013 10:11pm
Quoting Grandhis
Seems like more people are expecting cable to fall today…Including me
ironically i on the other hand am not discarding the possibility of a spike up to 1.52 on the GBPUSD... but ill definitely look to short if that happens.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,896
  • May 29, 2013 10:26pm May 29, 2013 10:26pm
aussie open broken...

yesterday..US session open at 510x and daily pivot at 509x .. let see what's going on there ...

Quoting iqyu5an
stucked below 50 weekly fib and weekly pivot still........... and PA 1H already below tokyo open.. just 3 or 5 pips to knock aussie open tic toc {quote}
not euphoria follower
  • #341,897
  • May 29, 2013 11:10pm May 29, 2013 11:10pm
Choose your weapons ladies and gentlemen...

Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 36 KB
Click to Enlarge Name: gbpusdweekly.png Size: 42 KB
Come with me if you want to live....
  • #341,898
  • May 29, 2013 11:21pm May 29, 2013 11:21pm
,
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 42 KB
Come with me if you want to live....
  • #341,899
  • May 29, 2013 11:41pm May 29, 2013 11:41pm
9 days lost in the consolidation without decision yet > breaks limits for down as are main cardinal points of interest & now I think in climax in this weekend . clearly trying continue more correction & break the limits with bullish candles yesterday but in correction they are not so important as an intention . a temporary bottom has formed but not confirmed yet .
so this week will be more important for the fight. still on bear side with all disadvantages presently .
another thing , I wrote before also , gbp should be more resistant to fall than euro in near future intermediate term > that is can dissociate .

fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 38 KB
Click to Enlarge Name: eurusddaily.png Size: 32 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,900
  • May 30, 2013 12:18am May 30, 2013 12:18am
Quoting Ill-b-back
Choose your weapons ladies and gentlemen... {image} {image}
I hope you chose wisely
Come with me if you want to live....
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