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Cable Update (GBPUSD)

  • #342,021
  • May 31, 2013 6:52am May 31, 2013 6:52am
Quoting Mr.C
{quote} 20 floating - SL to b/e.
Looks like GU is taking a piss today. Re-entered short after stopped out at b/e.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #342,022
  • May 31, 2013 7:17am May 31, 2013 7:17am
we might have a runner, careful folks...
Come with me if you want to live....
  • #342,023
  • May 31, 2013 7:17am May 31, 2013 7:17am
Quoting Mr.C
{quote} Looks like GU is taking a piss today. Re-entered short after stopped out at b/e.
You really have the guts Why don't you wait till 1.527 or 1.53? Don't wanna miss the train?
Make it simple, but not simpler - Einstein
  • #342,024
  • May 31, 2013 7:33am May 31, 2013 7:33am
Quoting Mr.C
{quote} Looks like GU is taking a piss today. Re-entered short after stopped out at b/e.

Closed at b/e. Don't need this for Friday.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_130531_m5.png Size: 53 KB
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #342,025
  • May 31, 2013 7:34am May 31, 2013 7:34am
Quoting Ri Dwe
{quote} You really have the guts Why don't you wait till 1.527 or 1.53? Don't wanna miss the train?

Not the guts - way of trading. I bet that after 1,527 or 1,53 there is gonna be the same situation - puzzle. GL to you!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #342,026
  • May 31, 2013 7:46am May 31, 2013 7:46am
Quoting Mr.C
{quote} Not the guts - way of trading. I bet that after 1,527 or 1,53 there is gonna be the same situation - puzzle. GL to you!
I'd rather wait till the Wave completed for countertrade. What was your target?

GL to you too and have a nice weekend
Make it simple, but not simpler - Einstein
  • #342,027
  • May 31, 2013 7:58am May 31, 2013 7:58am
flat market now. back on monday.
5300 next week not today.
  • #342,028
  • May 31, 2013 8:44am May 31, 2013 8:44am
Quoting Ri Dwe
{quote} I'd rather wait till the Wave completed for countertrade. What was your target? GL to you too and have a nice weekend

TP1 reached a minute ago. TP2 - 1,5145.
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #342,029
  • Edited 9:02am May 31, 2013 8:48am | Edited 9:02am
And this is what I call " A Complete Road block .." - Confluences of Monthly Resistance , Trend lines , Supply , Overbought RSX e.t.c ..
The battle between Weekly Supply & demand is still going on , and it looks like we are ending the week with a " No buying Pressure bar" forming in the middle of a Weekly supply bar - ..

Think I have had enough of GU for this week ...

- Adios mi gentes , Nos vamos
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4-2.png Size: 48 KB
Click to Enlarge Name: gbpusdweekly.png Size: 30 KB
  • #342,030
  • May 31, 2013 8:51am May 31, 2013 8:51am
Quoting Mr.C
{quote} TP1 reached a minute ago. TP2 - 1,5145.

Still on the list - pullback is needed!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #342,031
  • May 31, 2013 9:21am May 31, 2013 9:21am
Quoting Mr.C
{quote} Still on the list - pullback is needed!
Bye Bye cable. Have a nice weekend guys. My mission for this week and month is over. See you on Monday - summer time!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #342,032
  • May 31, 2013 10:07am May 31, 2013 10:07am
5239 the current daily hi - the previous swing hi zone leading to it tested twice now now and held.. Price pulled back to 5221 - a shallow pullback and a retest of the zone for the 1st test, and again the sellers came in sending price down to 5186 where buyers awaited at the previous 1hr swing hi and then the the 2nd test-testing the very hi 5239 again and again the sellers come - in force this time sending price tumbling lower to the 1st 1/2 of the previous 4hr/minor daily swing hi zone with 38.2% of the 5006-5239 there too where buyers were waiting..as I type this sellers are sending price lower still below that 38.2% 5006-5239.

1hr and 4hr below

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hr.jpg Size: 134 KB
Click to Enlarge Name: 4hr.jpg Size: 126 KB
ex member
  • #342,033
  • May 31, 2013 11:42am May 31, 2013 11:42am
A probable top playing though in a very smaller tf yet can be printed in higher tf like monthly too. so a range here to decide top or correction just to go higher with whatever crazy it seems , already daily level correction signals for more & more up to carry out next week .
Anyway all signal not successful in carrying out , failure must pay more than it may gain .
5109 + 5098 breaks will constitute a small failure for again bottom play. and top breaks & hold > continue correction up.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 46 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,034
  • May 31, 2013 11:51am May 31, 2013 11:51am
Quoting fontu
A probable top playing though in a very smaller tf yet can be printed in higher tf like monthly too. so a range here to decide top or correction just to go higher with whatever crazy it seems , already daily level correction signals for more & more up to carry out next week . Anyway all signal not successful in carrying out , failure must pay more than it may gain . 5109 + 5098 breaks will constitute a small failure for again bottom play. and top breaks & hold > continue correction up. fontu {image}
As always.. thank you for wrapping up the week and the month..
I am also thankful for and honored by your vouch.

Has been a great month for me really.. and I enjoyed being in debate and discussion with all of the members of this thread.. Have a great weekend everyone..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,035
  • Edited 2:07pm May 31, 2013 12:29pm | Edited 2:07pm
Quoting taomql4
And this is what I call " A Complete Road block .." - Confluences of Monthly Resistance , Trend lines , Supply , Overbought RSX e.t.c .. The battle between Weekly Supply & demand is still going on , and it looks like we are ending the week with a " No buying Pressure bar" forming in the middle of a Weekly supply bar - .. Think I have had enough of GU for this week ... - Adios mi gentes , Nos vamos {image} {image}

nice chart you have there especially the custom indicator signal (RSX Limited,green&red). How can I get those signal?
  • #342,036
  • Jun 1, 2013 2:59am Jun 1, 2013 2:59am
I see engulfing on monthly ,which I fully expected ,this or dark cloud which we saw early in month
,after suppose morning star ,the chart is bearish ,on that note I avoid taking anything bullish too seriously ,ideally looking for a runner to add ,imo that is not a buy
hang man on d1 ,you see chart on this tf twist and turn ,the nature of price in and around here
weekly imo its consolidation not bullish to huge extent
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp usd d1 1-6-13 monthly.png Size: 19 KB
Click to Enlarge Name: gbp usd 1-6-13 w1.png Size: 33 KB
Click to Enlarge Name: gbp usd 1-6-13 d1.png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,037
  • Jun 1, 2013 3:20am Jun 1, 2013 3:20am
That rising tl on h1 also the week high ,very well respected was d1 swing low ,really im goanna look to see if the week high will break
if by wed ! this candle is covered to downside I doubt very much it will break up
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h1 1-6-13.png Size: 27 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,038
  • Jun 1, 2013 10:28am Jun 1, 2013 10:28am
Quoting Bones
I see engulfing on monthly ,which I fully expected ,this or dark cloud which we saw early in month ,after suppose morning star ,the chart is bearish ,on that note I avoid taking anything bullish too seriously ,ideally looking for a runner to add ,imo that is not a buy hang man on d1 ,you see chart on this tf twist and turn ,the nature of price in and around here weekly imo its consolidation not bullish to huge extent {image} {image} {image}
so a W on daily? to retest the 5000. if it bounces, we look for a confirmation of the triangle to then move down again to try to go for bearish continuation with a break south of that daily triangle below the 5000 to test the next low? if the triangle side forming the falling tl is broken upwards, it may be a totally different story!

but if we break low, and based on what I recall from my monthly analysis, this could go like faaar low.. I don't the chart here with me to get the projected price.. can't remember it now..

cheers buddy..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,039
  • Jun 1, 2013 3:53pm Jun 1, 2013 3:53pm
there is no w pattern ? I do see consolidation ,
I eyeball the monthly and say its going under 1.5 pure and simple lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,040
  • Jun 1, 2013 4:02pm Jun 1, 2013 4:02pm
even eu ,monthly
id say eur gbp up but this chart is bearish under 1.32
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd w1 1-6-13.png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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