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Cable Update (GBPUSD)

  • #342,361
  • Jun 6, 2013 12:53pm Jun 6, 2013 12:53pm
Quoting Ill-b-back
{quote} Understatement... Back to bed

nice trade bro..maybe yur best one to date?

tomorrow will be interesting
  • #342,362
  • Jun 6, 2013 1:23pm Jun 6, 2013 1:23pm
Quoting Ill-b-back
{quote} lol... Holy shit, just woke up at 3.30am to go to the dunny and saw this Buy I'm out before it completely retraces on me in the next hour or so lol... {image}
Well Done brother, enjoy your profit, let say this is extra bonus for you ....
  • #342,363
  • Jun 6, 2013 1:38pm Jun 6, 2013 1:38pm
if you want to shorts better to consider the weekly harmonic pattern, cable now above 38.2 fibo on the weekly, we still have tomorrow to know where the weekly candle will be closed. Loading shorts at the moment will face the risk the cable will continue moving up to the next important fibo.

Important target for this weekly harmonic pattern :
50% : 1.5775
61.8 % : 1.6025
100% : 1.6745

If you want to shorts, better to wait the price under 38.2 fibo or touch the above important reversal fibo at least 50% or 61.8%

Trade safe everybody......
Attached Image (click to enlarge)
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  • #342,364
  • Jun 6, 2013 3:35pm Jun 6, 2013 3:35pm
Wow what a move! And I missed the show. I did think, it would be quite straight forward till the end of the month, but I didn't expect something like this today.

My view on Cable is still unchanged. We are seeing Wave 2 now, and according to the theory it should be the strongest. Or at least it will be stronger than Wave 1 (1.48-1.56). Indeed in my opinion it is not the end of Wave 2, but we will see the end of the subwave soon: 1.572 or 1.576 would be the perfect spots to short, with 1.548 and 1.539 (previous monthly pivot) as target. On this levels we can build up our long position, with end of Wave 2 as target, which will be 1.594 or 1.602. This target will be reached at the end of the month or first weeks of next month.

So next week I think this pair will go along a channel between 1.57 and 1.54. And as always I advice to keep your long positions open while shorting to be safe. They'll buy everything we sell. If you do have short positions, then make an average of 1.54, it will safe your account, I think.

PS. Some traders look funnier than me now, scratching their head, seeking excuse or cursing their analysts .. and finally understand what NEAR FUTURE means
Make it simple, but not simpler - Einstein
  • #342,365
  • Jun 6, 2013 4:30pm Jun 6, 2013 4:30pm
Notable techs to the immediate upside:

5660-83 prev 1hr/minor 4hr sw hi zone (5683 current daily hi)

5696 85.4% 5844-4830

5720/22 50% 6617-4830 / 85.4% 5878-4830

5766 61.8% 6349-4830

5775-95 underside of breeched previous ascending monthly t/line incl: 5783 50% 6746-4830

5815-5846 prev daily sw hi zone

5859-76 prev daily sw hi zone incl: 5859 =76.4% 6179-4830, and 5868 = Monthly R2 @/around

5931 61.8% 6617-4830

G/L
ex member
  • #342,366
  • Jun 6, 2013 4:53pm Jun 6, 2013 4:53pm
right so.... gbpusd closed below 1.56....1.56 might still be strong resistance...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #342,367
  • Jun 6, 2013 4:57pm Jun 6, 2013 4:57pm
boy dosent this have the feel to when it was at 1.63 spiked like 80 pips above that level ending up having a daily close below it everyone said its going to 1.7 only to fall 1500 pips really interesting stuff
  • #342,368
  • Jun 6, 2013 5:04pm Jun 6, 2013 5:04pm
oooh I feel a lesson coming on


Quoting Ri Dwe
Wow what a move! And I missed the show. I did think, it would be quite straight forward till the end of the month, but I didn't expect something like this today. My view on Cable is still unchanged. We are seeing Wave 2 now, and according to the theory it should be the strongest. Or at least it will be stronger than Wave 1 (1.48-1.56). Indeed in my opinion it is not the end of Wave 2, but we will see the end of the subwave soon: 1.572 or 1.576 would be the perfect spots to short, with 1.548 and 1.539 (previous monthly pivot) as target. On this levels...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,369
  • Jun 6, 2013 5:09pm Jun 6, 2013 5:09pm
Quoting Bones
oooh I feel a lesson coming on {quote}
Bones are u still bearish GBP?
  • #342,370
  • Jun 6, 2013 5:09pm Jun 6, 2013 5:09pm
Quoting Bones
oooh I feel a lesson coming on {quote}
...

The trap is sprung.
Ghost Rider - WWTBMD?
  • #342,371
  • Jun 6, 2013 5:11pm Jun 6, 2013 5:11pm
Quoting Bones
oooh I feel a lesson coming on {quote}
Well it would be a refreshing "change"
Come with me if you want to live....
  • #342,372
  • Jun 6, 2013 5:13pm Jun 6, 2013 5:13pm
Quoting albchr
{quote} A "daily" pin?? Me thinks not, as she'd have to drop to 5380ish or lower in the next 6.5 hours for me. But a 4H? It's possible in another 2 hours 20 minutes for me. {image}
I didn't quite get the pin post.

Maybe thinking it would drop hard from the weekly TL retest perhaps.

Come with me if you want to live....
  • #342,373
  • Jun 6, 2013 5:14pm Jun 6, 2013 5:14pm
haha ,nice long ibb ,im short stop be ,not budging



Quoting Ill-b-back
{quote} Well it would be a refreshing "change"
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,374
  • Jun 6, 2013 5:19pm Jun 6, 2013 5:19pm
Quoting Bones
haha ,nice long ibb ,im short stop be ,not budging {quote}
your crazier than me
  • #342,375
  • Jun 6, 2013 5:19pm Jun 6, 2013 5:19pm
which one ?


Quoting Ill-b-back
{quote} I didn't quite get the pin post. Maybe thinking it would drop hard from the weekly TL retest perhaps.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,376
  • Jun 6, 2013 5:20pm Jun 6, 2013 5:20pm
Quoting Ill-b-back
{quote} I didn't quite get the pin post. Maybe thinking it would drop hard from the weekly TL retest perhaps.
im sick bro..i didnt get it myself..was just thinking wont it be great
  • #342,377
  • Jun 6, 2013 5:20pm Jun 6, 2013 5:20pm
Quoting Ill-b-back
{quote} I didn't quite get the pin post. Maybe thinking it would drop hard from the weekly TL retest perhaps.
To be honest bro, I'm not sure what he meant by that "wanna bet on a daily pin" comment Nav made. I "assumed" he meant todays? Which is why I said I think not...lol

No matter, I've been building shorts and I'm happy with them. Today was a nice stop clearing day. Tomorrow and next week should be interesting. I feel the dollar correction is over (or very close to it) and the GBP has reached it's top once again. Just "feels" like a classic Pre-NFP pump and dump to me in this overall downtrend.
Ghost Rider - WWTBMD?
  • #342,378
  • Jun 6, 2013 5:23pm Jun 6, 2013 5:23pm
Quoting albchr
{quote} To be honest bro, I'm not sure what he meant by that "wanna bet on a daily pin" comment Nav made. I "assumed" he meant todays? Which is why I said I think not...lol No matter, I've been building shorts and I'm happy with them. Today was a nice stop clearing day. Tomorrow and next week should be interesting. I feel the dollar correction is over (or very close to it) and the GBP has reached it's top once again. Just "feels" like a classic Pre-NFP pump and dump to me in this overall downtrend.

there something going on here???
its travelled all the way and showing reluctance to go lower?? ..interesting pa
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  • #342,379
  • Jun 6, 2013 5:23pm Jun 6, 2013 5:23pm
Quoting Bones
which one ? {quote}
This one
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 37 KB
Come with me if you want to live....
  • #342,380
  • Jun 6, 2013 5:27pm Jun 6, 2013 5:27pm
Pick your chart.

I really don't know which one is Kosher yet.

But we'll find out soon enough I think.

Probably neither

lol...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdmonthly.png Size: 36 KB
Come with me if you want to live....
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