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Cable Update (GBPUSD)

  • #342,181
  • Jun 5, 2013 6:22am Jun 5, 2013 6:22am
Quoting albchr
{quote} Ummm...Huh? Last month bullish?....pin??? What chart you looking at bro? All I see so far is the "first week" of this month testing the 61.8 of last months bearish bar. Pretty typical of cable to test the 61.8. What am I missing? {image}

bro look at the whole chart, march month (bullish pin) that descending trendline is a concern..but i see bull

Quoting Ill-b-back
{quote} You are not missing anything, you are misreading. He said bullish pin, then last month we retested the bottom of the range. Which is what happened
thanks bud
  • #342,182
  • Jun 5, 2013 6:31am Jun 5, 2013 6:31am
Im going to go for period of consolidation ,with a view that 1.56 is a swing high , ,this week closes like that poss top of range ,gbp has made bullish move ,actually more bullish than all other majors I think
1.54 look s very poss


Quoting albchr
{quote} Ummm...Huh? Last month bullish?....pin??? What chart you looking at bro? All I see so far is the "first week" of this month testing the 61.8 of last months bearish bar. Pretty typical of cable to test the 61.8. What am I missing? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 5-6-13 w1.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,183
  • Jun 5, 2013 6:33am Jun 5, 2013 6:33am
kinda small Nav that pin ,you must be a little concerned that last month was bearish

Quoting nAVIN2007
{quote} also tone..monthly cable the bullish pin..last month..testing the bottom of the range..move up this month is basically confirmation pin is good..that how im seeing it..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,184
  • Jun 5, 2013 6:36am Jun 5, 2013 6:36am
Quoting Ill-b-back
{quote} You are not missing anything, you are misreading. He said bullish pin, then last month we retested the bottom of the range. Which is what happened
Ah yes, I didn't read it that way. Sorry Nav .. But, that pin was used up already....

The way I see it, that pin sent it up. Last month tested "both" the top and bottom of that range and closed bearish. I'm not saying it will go up or down at this point. With the BS noise coming, nobody can. But my money is on the much longer bear trend overall. Unless it breaks back through that lower ascending TL (arrow) of the 4 year symmetrical triangle it broke out of, the trend is down in my book. Last month couldn't even test it. I really though it would but it didn't.

Should be interesting though after this week.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 46 KB
Ghost Rider - WWTBMD?
  • #342,185
  • Jun 5, 2013 6:39am Jun 5, 2013 6:39am
Quoting Bones
Im going to go for period of consolidation ,with a view that 1.56 is a swing high , ,this week closes like that poss top of range ,gbp has made bullish move ,actually more bullish than all other majors I think 1.54 look s very poss {quote} {image}
Agreed
Ghost Rider - WWTBMD?
  • #342,186
  • Jun 5, 2013 6:58am Jun 5, 2013 6:58am
Quoting albchr
{quote} Agreed
if so at the morning after good UK news we will hit 5400, but we didnt. I think now US will show some data no matter good or bad and we will go down to 5230
dream on about 5600 its not realistic number. do u really understand the wave analysis how its created and what is sub wave?

u better learn more about the global trend and wave analysis. ok then we will see who is rigth

globally we are still in down trend. its fake up 5377
  • #342,187
  • Jun 5, 2013 7:03am Jun 5, 2013 7:03am
Quoting Bones
kinda small Nav that pin ,you must be a little concerned that last month was bearish {quote}
so long as dont break 1.5 im ok
  • #342,188
  • Jun 5, 2013 7:06am Jun 5, 2013 7:06am
Quoting Trader88q
{quote} if so at the morning after good UK news we will hit 5400, but we didnt. I think now US will show some data no matter good or bad and we will go down to 5230 dream on about 5600 its not realistic number. do u really understand the wave analysis how its created and what is sub wave? u better learn more about the global trend and wave analysis. ok then we will see who is rigth globally we are still in down trend. its fake up 5377
Dude...you need to get a grip. Nobody said it was going to 5600. That "WAS" the swing high. I've watched your posts and I'd say it's you who needs to learn a touch more.

In the future, please READ the posts more carefully before spewing crap at folks. I've been a bear since 6300 pal.

And oh, EW to me = Eventually Where??? Waves are for oceans....LOL. Ask 5 guys about waves and you'll get 20 different answers. That way they can cover all the times they're wrong.
Ghost Rider - WWTBMD?
  • #342,189
  • Jun 5, 2013 7:08am Jun 5, 2013 7:08am
Quoting Trader88q
{quote} if so at the morning after good UK news we will hit 5400, but we didnt. I think now US will show some data no matter good or bad and we will go down to 5230 dream on about 5600 its not realistic number. do u really understand the wave analysis how its created and what is sub wave? u better learn more about the global trend and wave analysis. ok then we will see who is rigth globally we are still in down trend. its fake up 5377
Ok ... I have really had it with traders under estimating other traders..
and here is what I think.. Although we should have expected a bigger bearish pressure above 5230, now I am expecting 5500 very seriously although I am stuck with shorts..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,190
  • Jun 5, 2013 7:10am Jun 5, 2013 7:10am
Quoting albchr
{quote} Dude...you need to get a grip. Nobody said it was going to 5600. That "WAS" the swing high. I've watched your posts and I'd say it's you who needs to lean a touch more. In the future, please READ the posts more carefully before spewing crap at folks. I've been a bear since 6300 pal. And oh, EW to me = Eventually Where??? Waves are for oceans....LOL. Ask 5 guys about waves and you'll get 20 different answers. That way they can cover all the times they're wrong.

yes but u have bullish view i have opposite. explain me your bullish view from technical point of view.
  • #342,191
  • Jun 5, 2013 7:13am Jun 5, 2013 7:13am
Quoting Trader88q
{quote} yes but u have bullish view i have opposite. explain me your bullish view from technical point of view.
HUH???????????????? What part of (I'm a bear since 6300) did you NOT understand???

Again, READ CAREFULLY!! My technical views are all in my posts this morning.

As far as explaining from a tech point of view, I have YET to see YOU post even one chart. How about one bro?
Ghost Rider - WWTBMD?
  • #342,192
  • Jun 5, 2013 7:15am Jun 5, 2013 7:15am
Quoting albchr
{quote} HUH???????????????? What part of (I'm a bear since 6300) did you NOT understand??? Again, READ CAREFULLY!! My technical views are all in my posts this morning.
sorry u are bear. bear dont hit another bear
  • #342,193
  • Jun 5, 2013 7:17am Jun 5, 2013 7:17am
Quoting albchr
{quote} HUH???????????????? What part of (I'm a bear since 6300) did you NOT understand??? Again, READ CAREFULLY!! My technical views are all in my posts this morning. As far as explaining from a tech point of view, I have YET to see YOU post even one chart. How about one bro?

thanks god for u

edit:- this is going to be brutal..its all about that usd trendline
  • #342,194
  • Jun 5, 2013 7:21am Jun 5, 2013 7:21am
Quoting nAVIN2007
{quote} thanks god for u edit:- this is going to be brutal
....
Ghost Rider - WWTBMD?
  • #342,195
  • Jun 5, 2013 7:22am Jun 5, 2013 7:22am
Quoting Trader88q
{quote} if so at the morning after good UK news we will hit 5400, but we didnt. I think now US will show some data no matter good or bad and we will go down to 5230 dream on about 5600 its not realistic number. do u really understand the wave analysis how its created and what is sub wave? u better learn more about the global trend and wave analysis. ok then we will see who is rigth globally we are still in down trend. its fake up 5377
Here you go mate.

Now tell us again why can't we reach 56++ for the retest?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 23 KB
Click to Enlarge Name: gbpusddaily.png Size: 33 KB
Come with me if you want to live....
  • #342,196
  • Jun 5, 2013 7:28am Jun 5, 2013 7:28am
Quoting Ill-b-back
{quote} Here you go mate. Now tell us again why can't we reach 56++ for the retest? {image} {image}
  • #342,197
  • Jun 5, 2013 7:29am Jun 5, 2013 7:29am
Quoting Trader88q
{quote} sorry u are bear. bear dont hit another bear
You're the one who came out swinging. I just blocked your shots.
Ghost Rider - WWTBMD?
  • #342,198
  • Jun 5, 2013 7:30am Jun 5, 2013 7:30am
Quoting Ill-b-back
{quote} Here you go mate. Now tell us again why can't we reach 56++ for the retest? {image} {image}
Anything is possible bro. But I don't see it getting quite that high. But if I was right all time, I wouldn't be here.....
Ghost Rider - WWTBMD?
  • #342,199
  • Jun 5, 2013 7:31am Jun 5, 2013 7:31am
also bear camp ,but im waiting

Quoting Trader88q
{quote} sorry u are bear. bear dont hit another bear
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 gbp usd w1 tl.png Size: 47 KB
Click to Enlarge Name: 1 gbp aud 5-6-13w1.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,200
  • Jun 5, 2013 7:41am Jun 5, 2013 7:41am
Quoting nAVIN2007
{quote}
Coming with me bro?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 34 KB
Come with me if you want to live....
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