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Cable Update (GBPUSD)

  • #342,481
  • Jun 7, 2013 2:13pm Jun 7, 2013 2:13pm
Quoting albchr
{quote} Forget the hype bro. They be wishy washy to confuse us. LOL Trade your charts and she'll go
All the hype was about QE ending soon.

To get all us retailers to buy the dollar

then POW!!!!!

lol....

Just kidding bro, no trades open, no cares.
Come with me if you want to live....
  • #342,482
  • Jun 7, 2013 2:17pm Jun 7, 2013 2:17pm
Quoting Ill-b-back
{quote} All the hype was about QE ending soon. To get all us retailers to buy the dollar then POW!!!!! lol.... Just kidding bro, no trades open, no cares.
The banks are "advising" us to sell every Euro rally,
So at least I know that one is just going to keep climbing

lol...
Come with me if you want to live....
  • #342,483
  • Jun 7, 2013 2:33pm Jun 7, 2013 2:33pm
I was hoping the price would reach 1.5480. Do you think this will happen soon Ill-b-Back, please make the pice go back down. Can anyone help me move this price down a little?
  • #342,484
  • Jun 7, 2013 2:54pm Jun 7, 2013 2:54pm
Quoting DrNoStopLoss
I was hoping the price would reach 1.5480. Do you think this will happen soon Ill-b-Back, please make the pice go back down. Can anyone help me move this price down a little?
I don't know, I'm waiting for next week to trade.
Ive gone back to day trading on the 1hr referencing the 4hr charts.
Ive built an ea around it to execute trades when I am at work or in bed.
So up or down, either is fine with me.
Come with me if you want to live....
  • #342,485
  • Jun 7, 2013 3:11pm Jun 7, 2013 3:11pm
I see my last post added to not actually published .
About gold again for it's daily & charts , pressure down , not extremely but enough for the bottom play to down next week . Wave wise though breaks limit for down in comparison of the last wave down , actually wave b in correction so Wave C up ok as transient up to continue down & now good thing is that not limit to follow now as continue wave b down towards previous low & now unlimited down full one leg down of 5 waves . here again 5th can be one smaller towards 1300 and so & another take up towards to limit 1554 possible before further down more great . so nothing so concrete yet & ranges just increased & too risky before real decision.

so eu,gu to see break first limits breaks today or at market open next , 3166 & 5465 respectively as they try hard to protect .
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: golddaily.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #342,486
  • Jun 7, 2013 3:14pm Jun 7, 2013 3:14pm
Quoting fontu
I see my last post added to not actually published . About gold again for it's daily & charts , pressure down , not extremely but enough for the bottom play to down next week . Wave wise though breaks limit for down in comparison of the last wave down , actually wave b in correction so Wave C up ok as transient up to continue down & now good think is that not limit to follow now as continue wave b down towards previous low & now unlimited down full one leg down of 5 waves . here again 5th can be one smaller towards 1300 and so & another take up...
Yes we wait till next week, silly market is dead now, no. Give me your EA, you can send to me direct so the rest of these losers will not see it. When I make good money I will let you know. Cheers.
  • #342,487
  • Jun 7, 2013 4:10pm Jun 7, 2013 4:10pm
Quoting DrNoStopLoss
{quote} Yes we wait till next week, silly market is dead now, no. Give me your EA, you can send to me direct so the rest of these losers will not see it. When I make good money I will let you know. Cheers.
Odd...
Come with me if you want to live....
  • #342,488
  • Jun 7, 2013 4:13pm Jun 7, 2013 4:13pm
Quoting Ill-b-back
{quote} Odd...
That's putting it nicely. ... lol
Ghost Rider - WWTBMD?
  • #342,489
  • Jun 7, 2013 5:09pm Jun 7, 2013 5:09pm
Quoting Ill-b-back
Area I am watching for clues {image} {image}
Update.

Have a great weekend folks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 38 KB
Click to Enlarge Name: gbpusddaily.png Size: 37 KB
Come with me if you want to live....
  • #342,490
  • Jun 7, 2013 5:10pm Jun 7, 2013 5:10pm
Quoting albchr
{quote} That's putting it nicely. ... lol
I thought so
Come with me if you want to live....
  • #342,491
  • Jun 7, 2013 5:51pm Jun 7, 2013 5:51pm
Ok this week is already closed. Yesterday Cable managed to break weekly R3 (1.522) and EMA(200) on daily (1.55) agressively. Today this pair has tried to retest these former resistances and failed. H4 Candle didn't manage to close below R3 and daily candle failed to close below EMA(200).

For me it is a sign that the bull is still around, and will try to break 1.576 next week. But I don't think it will succeed as the pullback has matured. And it has to retest EMA(100) on daily (1.539), which coincides with previous monthly pivot, first, before continuing its upward trend.

So next week, I think, this pair will go higher first testing 1.574/6 for a couple of times, which will occur in a channel (1.57-1.55), forming small double top and then go lower to EMA(100) daily, making a trap there, and continue its long journey to 1.587 during the rest of the month.

I consider to unload all my long positions at 1.57x and buy again around 1.54
Make it simple, but not simpler - Einstein
  • #342,492
  • Jun 7, 2013 6:58pm Jun 7, 2013 6:58pm
Quoting Ri Dwe
Ok this week is already closed. Yesterday Cable managed to break weekly R3 (1.522) and EMA(200) on daily (1.55) agressively. Today this pair has tried to retest these former resistances and failed. H4 Candle didn't manage to close below R3 and daily candle failed to close below EMA(200). For me it is a sign that the bull is still around, and will try to break 1.576 next week. But I don't think it will succeed as the pullback has matured. And it has to retest EMA(100) on daily (1.539), which coincides with previous monthly pivot, first, before continuing...
Similar view about 54.
Since we failed to close the week above the retested yellow TL, we could actually go straight down to 1.5380 - 1.54 support area to retest the broken TL below.
From here we could go higher to approach the retest of the major broken weekly TL in red.
My overall tone for the time being is bullish simply because of momentum, but will follow PA at said levels.
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #342,493
  • Jun 7, 2013 8:03pm Jun 7, 2013 8:03pm
hi there,all Cable traders

want to share my view to this pair for next week,...

which is, still bullish for me..
Attached Image (click to enlarge)
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  • #342,494
  • Jun 8, 2013 1:16am Jun 8, 2013 1:16am
Quoting DrNoStopLoss
{quote} Yes we wait till next week, silly market is dead now, no. Give me your EA, you can send to me direct so the rest of these losers will not see it. When I make good money I will let you know. Cheers.

yur a sick puppy
  • #342,495
  • Jun 8, 2013 7:18am Jun 8, 2013 7:18am
I think I have misread this monthly ,in fact it would have been bearish to bottom of pin ,had it not been for that wick ,the push lower last month was actually bullish
id say range bound for all this month ,poss building to test broken rising tl
1.53 could be great buy if we go
as usual I think good time to look at monthly ,only 1 week in this time



Quoting Bones
as I see it this is rolling off ,my veiw is rangebound as I said few days ago ,overall since we closed in range ,stop b e no risk ideally a bearish candle here before ,bigger body {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd monthly 8-6-13.png Size: 42 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,496
  • Jun 8, 2013 7:41am Jun 8, 2013 7:41am
from a daily point of view assuming that this will not re enter the original trend ,but wow what a move
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp usd d1 8-6-13.png Size: 45 KB
Click to Enlarge Name: usd lfx 8-6-13 d1.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #342,497
  • Jun 8, 2013 10:27am Jun 8, 2013 10:27am
The latest COT Report data reveals that large speculators had increased the aggregate short British pound sterling (CME) bet, to hit a -77,738 net position on Tuesday.
  • #342,498
  • Jun 8, 2013 3:48pm Jun 8, 2013 3:48pm
Quoting Bones
I think I have misread this monthly ,in fact it would have been bearish to bottom of pin ,had it not been for that wick ,the push lower last month was actually bullish id say range bound for all this month ,poss building to test broken rising tl 1.53 could be great buy if we go as usual I think good time to look at monthly ,only 1 week in this time {quote} {image}
A sign of a seasoned and very able trader, one who knows how to think critically about his own analysis.
  • #342,499
  • Jun 8, 2013 5:09pm Jun 8, 2013 5:09pm
Quoting gammase1
{quote} A sign of a seasoned and very able trader, one who knows how to think critically about his own analysis.
Being your own worst critic is key and the only real way to move forward.
Ghost Rider - WWTBMD?
  • #342,500
  • Jun 8, 2013 5:25pm Jun 8, 2013 5:25pm
Quoting siewhf
The latest COT Report data reveals that large speculators had increased the aggregate short British pound sterling (CME) bet, to hit a -77,738 net position on Tuesday.

True, and price went up quite dramatically from the midweek.

It shows that the COT reports being a lagging indicator can not really be used as definitive advice. News events etc can dramatically change things in the blink of an eye
Money never sleeps...
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