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Cable Update (GBPUSD)

  • #342,241
  • Jun 5, 2013 8:17pm Jun 5, 2013 8:17pm
great... but no straight line mate....

aniway... eu and gu is in same level and pattern ... their monthly is already closed in bearish candle, first day/week jumped into 61 fib of monthly and multiple bearish sign detected. not a surprised if there is discount program first before further move...

but yes daily is bullish... in theblue zone still
Quoting Ri Dwe
{quote} {quote} I am not better than anyone else here. I too just want to see Cable going long (until the wave is completed .. 1.60-1.62 my guess) and don't bother if someone says my system is full of crap
not euphoria follower
  • #342,242
  • Jun 5, 2013 8:50pm Jun 5, 2013 8:50pm
Quoting livethedream
Would like to see 1.54 again to short down to 37. But I'm not sure if it's gonna happen.
Got in @5394 looking for 37

SL 1.5404
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #342,243
  • Edited Jun 6, 2013 12:06am Jun 5, 2013 11:20pm | Edited Jun 6, 2013 12:06am
Morning , watching gold still & so also others . mofu/ triangle /IB play at an 50% fib at an intermediate top area while the master of bear candle daily tf , can take both direction though , upside 1437,60-87 play & downside breaks to confirm 1395 & 84 for 73 play & breaks for 1307 , one great level to break for up play .
eu , gu play have already played the breaks up here & so bear still in favor next as apparently priced in, above 50% ,61.8 also now . anyway mofu can take any side ultimately so step by step to take action & care .
ucad & audusd left the station too early for target , so more stronger euraud , gbpaud upside , eurgbp downside etc.usdchf & usdjpy trying for break downside but may not at all now , bounce still in hand there too.

No usdx chart but can think , price again breaks up 83/4 & confirm 8425 to continue up for now . may not that straight line though .

as analysis before comparative most weakness in aud while eur than gbp so gbpaud to more action up fresh than euraud , already halfway gone .
Target one way , remain down only.
thanks ,
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,244
  • Jun 6, 2013 12:00am Jun 6, 2013 12:00am
.
Quoting iqyu5an
great... but no straight line mate.... aniway... eu and gu is in same level and pattern ... their monthly is already closed in bearish candle, first day/week jumped into 61 fib of monthly and multiple bearish sign detected. not a surprised if there is discount program first before further move... but yes daily is bullish... in theblue zone still {quote}
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not euphoria follower
  • #342,245
  • Jun 6, 2013 12:07am Jun 6, 2013 12:07am
watching this mofo like a hawk
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Come with me if you want to live....
  • #342,246
  • Jun 6, 2013 12:15am Jun 6, 2013 12:15am
u got already the fish buddy ? sometimes they try to locate the target ...far away above sea level...
Quoting Ill-b-back
watching this mofo like a hawk {image} {image}
Attached Image
not euphoria follower
  • #342,247
  • Jun 6, 2013 12:19am Jun 6, 2013 12:19am
Smaller tf , all crazy up only so far , now factors are 5373 & 5273 again for up to care 5240 & 5198 again , otherwise continue again crazy/ by force manuever above 5428-50. more intially signal may comes up with breaks 5394-82 breaks down .
watching levels today , expecting decide crazy or calm down !! difficult thinking for daily/weekly though but none are concrete all time > after all correction of correction only play so far & crazy not in clean impulse as in reversal/trend changes.
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,248
  • Edited 12:37am Jun 6, 2013 12:21am | Edited 12:37am
yap,,, and m1 already broke ma200 to the downside and kind like a 5:0 bearish pattern ...

your chart gimme sign .. there is bearish dragon ( solid blue pattern OnClick) to catch the fish around 531x/2y

but not sure ....

london not open yet...
Quoting fontu
Smaller tf , all crazy up only so far , now factors are 5373 & 5273 again for up to care 5240 & 5198 again , otherwise continue again crazy/ by force manuever above 5428-50. more intially signal may comes up with breaks 5394-82 breaks down . watching levels today , expecting decide crazy or calm down !! fontu {image}
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not euphoria follower
  • #342,249
  • Jun 6, 2013 12:53am Jun 6, 2013 12:53am
here is what i see on this fine morning.. of course everyone has already given great views thanks. from the psychological point of view, the USDINX was kicking at a number of resistance factors while the GU monthly was in a demand area which was reinforced by a monthly historical rising tl. the result is the upward thrust that we found from 5000s up to 5400s straight in 4 trading days. PA found some resistance from area of major interest which were eventually blown away by the systematic and very determined up channel and rising tl. reactions to news was very strange this week and there are to much opposing forces. we did see PA move in seemingly illogical directions or sometimes stall abruptly on short time frames sometimes as a result of that intense competition to dominate the price direction.

it seems the up momentum while being powerful is at, or at least, in another test of wills at 5410. Also as pointed by the kind traders, we are at the top of the extent of the left shoulder level of the HS (or simply the upper bound of a horizontal channel if some prefer that).

probability of upside still high as the momentum and determination was high as well. but the techs say that we are in a good place to try to short again.

so, i am short now..

lets see how this one plays out..

cheers..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,250
  • Jun 6, 2013 1:01am Jun 6, 2013 1:01am
Quoting iqyu5an
great... but no straight line mate.... aniway... eu and gu is in same level and pattern ... their monthly is already closed in bearish candle, first day/week jumped into 61 fib of monthly and multiple bearish sign detected. not a surprised if there is discount program first before further move... but yes daily is bullish... in theblue zone still {quote}
It seems quite straight forward until the end of the month actually .. this time I'd rather follow EW-rules. It is just like solar eclipse, only occurs once in a while. But when it comes, you won't miss it
Make it simple, but not simpler - Einstein
  • #342,251
  • Jun 6, 2013 1:01am Jun 6, 2013 1:01am
dude..usdinx......... usd index ??

found little sign but still open room to downside a bit...( the ratio is not good enough (0.94)...the optimum ratio is about 1.13 )


Quoting baherhosni
here is what i see on this fine morning.. of course everyone has already given great views thanks. from the psychological point of view, the USDINX was kicking at a number of resistance factors while the GU monthly was in a demand area which was reinforced by a monthly historical rising tl. the result is the upward thrust that we found from 5000s up to 5400s straight in 4 trading days. PA found some resistance from area of major interest which were eventually blown away by the systematic and very determined up channel and rising tl. reactions to...
Attached Image (click to enlarge)
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not euphoria follower
  • #342,252
  • Jun 6, 2013 1:03am Jun 6, 2013 1:03am
could be .. could be not

forex getow lochhh


Quoting Ri Dwe
{quote} It seems quite straight forward until the end of the month actually .. this time I'd rather follow EW-rules. It is just like solar eclipse, only occurs once in a while. But when it comes, you won't miss it
not euphoria follower
  • #342,253
  • Jun 6, 2013 1:31am Jun 6, 2013 1:31am
Ooooooooooohhhhh,

Go Cable go, Love you baby
Come with me if you want to live....
  • #342,254
  • Jun 6, 2013 1:47am Jun 6, 2013 1:47am
Quoting Ill-b-back
Ooooooooooohhhhh, Go Cable go, Love you baby

the monthly trendline hasnt held the price its quite possible it may do what i thought it might


that monthly pin we were on about might not be big but it location is a thing of beauty
I miss moe the mofo
  • #342,255
  • Jun 6, 2013 1:53am Jun 6, 2013 1:53am
Quoting baherhosni
here is what i see on this fine morning.. of course everyone has already given great views thanks. from the psychological point of view, the USDINX was kicking at a number of resistance factors while the GU monthly was in a demand area which was reinforced by a monthly historical rising tl. the result is the upward thrust that we found from 5000s up to 5400s straight in 4 trading days. PA found some resistance from area of major interest which were eventually blown away by the systematic and very determined up channel and rising tl. reactions to...

imho u are reading the chart back to front..or i am
heres a perspective for u..look at the monthly 1.63 is the swing high and 1.48 is the swing low ..if this is what u see ..then we are at the bottom of swing??

so we can only go higher if retracement laws hold??

what yah view on this young jedi
  • #342,256
  • Jun 6, 2013 2:13am Jun 6, 2013 2:13am
Quoting nAVIN2007
{quote} imho u are reading the chart back to front..or i am heres a perspective for u..look at the monthly 1.63 is the swing high and 1.48 is the swing low ..if this is what u see ..then we are at the bottom of swing?? so we can only go higher if retracement laws hold?? what yah view on this young jedi
from what i read from your post we are agreement.. i described the move from 5000s to 5400s as powerful and determined and has potential to go further. infact i also added that this move was generated from the monthly demand and historical rising tl.

but at the current level there is a chance for a correction that i am personally taking and to be honest i am targeting a 100 pip move down only..

it is true that i am watchig out for a any bear rally due to fundies and bias but technically we are still intact..

i know you are bullish on the long term so I undertand the enthusiasm, so you din't need to worry about my short/mid term corrections that i may be targeting.. right?

hehe.. i love it when u like to pick on me nAVIN

Cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,257
  • Jun 6, 2013 2:21am Jun 6, 2013 2:21am
Quoting baherhosni
{quote} from what i read from your post we are agreement.. i described the move from 5000s to 5400s as powerful and determined and has potential to go further. infact i also added that this move was generated from the monthly demand and historical rising tl. but at the current level there is a chance for a correction that i am personally taking and to be honest i am targeting a 100 pip move down only.. it is true that i am watchig out for a any bear rally due to fundies and bias but technically we are still intact.. i know you are bullish on...

not trying bro...just at times its good to see how others think..i need to occupy myself somehow..how u do and what u do has not bearing on my whatsoever(unless u go 1ooo lot short, lol) ...u could be right and i am wrong..it wont be the first

lets get lucky
  • #342,258
  • Jun 6, 2013 2:21am Jun 6, 2013 2:21am
i am starting to thing that FF will need to let us indicate our mode of trading if it is short, mid, or long term. and we should indicate the mode of our views too so not to create confusion..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,259
  • Jun 6, 2013 2:24am Jun 6, 2013 2:24am
Quoting nAVIN2007
{quote} not trying bro...just at times its good to see how others think..i need to occupy myself somehow..how u do and what u do has not bearing on my whatsoever(unless u go 1ooo lot short, lol) ...u could be right and i am wrong..it wont be the first lets get lucky

yeah bro.. i like this part the most.. lets get luck.. besides we can both be right from different view points..

GL
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #342,260
  • Jun 6, 2013 2:25am Jun 6, 2013 2:25am
Quoting baherhosni
i am starting to thing that FF will need to let us indicate our mode of trading if it is short, mid, or long term. and we should indicate the mode of our views too so not to create confusion..

confusion is the name of the game..its what makes this thing interesting..never let any1 change yur mind in this..i wont even listen to soros
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