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Cable Update (GBPUSD)

  • #343,041
  • Jun 19, 2013 8:40pm Jun 19, 2013 8:40pm
Quoting Bones
oh right been here all week have I been wrong ,im guessing that bothers you anyway im out of here let you carry on guessing {quote}
I'm talking about the recent past, your posts against bbmac and others who present views and info for others to consider. But all you can bring yorself to do is criticize them (even when it turns out they have been right).

But you say price IS going here "whether we like it or not" or IS going there, "pure and simple" - below 1.5 while on the 750 pip bull train north.

Nice one

Others present information for us to look, consider and learn from, but don't put spins of "certainty" on it.

But your over inflated ego doesn't allow you to do that.

No guessing mate, not at all,

"educator".

The others said it very well, I'm just not quite so diplomatic.

Can you tell....
Come with me if you want to live....
  • #343,042
  • Jun 19, 2013 8:43pm Jun 19, 2013 8:43pm
Quoting Bones
oh right been here all week have I been wrong ,im guessing that bothers you anyway im out of here let you carry on guessing {quote}
Again, your ego assumes I'm bothered by you.


Don't flatter yourself.
Come with me if you want to live....
  • #343,043
  • Jun 19, 2013 9:18pm Jun 19, 2013 9:18pm
Quoting albchr
{quote} must keep in mind that all levels in between exist here. If we can help others, we should. If we can learn from others, we should.

you seem a very classy guy albchr
Money never sleeps...
  • #343,044
  • Jun 19, 2013 10:32pm Jun 19, 2013 10:32pm
Quoting albchr
{quote} Just something to consider perhaps. Your chart. I'll go away now.....lol {image}
That support line you put on my chart around the 54 area is what I am watching to see if it becomes resistance again or stays support.
Come with me if you want to live....
  • #343,045
  • Jun 19, 2013 10:35pm Jun 19, 2013 10:35pm
Quoting Bones
also you may note my tls make sense ,just saying
No one said they don't, just the rest of the critical rubbish you spew out is not worth reading.
Come with me if you want to live....
  • #343,046
  • Edited 1:46am Jun 20, 2013 1:31am | Edited 1:46am
G/M,

I guess the fundamental traders will be having a field day with the Fomc stuff from last night lol ! Nice move resulted and so far the low off the move is 5425. Fibs drawn from 5751 and 5676 to that lo...4hr below shows the potential tech support factors there and below. Weekly S2 and Daily S1 are nearest calculated pivots below 5425 and they reside @/around 5401/5398. (5401 is also 38.2% 4830-5751.) 5307 is Weekly S3/Daily S2 @/aroun, with Monthly Pivot below @/around 5270. 1hr in an opa downtrend now , 4hr bearish-mixed.

Uk retail sales data later.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.jpg Size: 155 KB
ex member
  • #343,047
  • Jun 20, 2013 1:59am Jun 20, 2013 1:59am
To the immediate downside:

5425 current daily lo
5401-5398 wkly s2 / dly s1, 5401 = 38.2% 4830-5751
5384-73 = 3 fib cluster, 5384-79 previous minor 4hr swing lo zone, 5379 = 50% 5006-5751
5342 85,4% 5272-5751
5307 wkly s3 / dly s2
5291/90 61.8% 5006-5751 / 50% 4830-5751
5283-71 previous 4hr swing lo zone incl 5283 = 76.4% 5139-5751
5270 mthly pivot

G/L
ex member
  • #343,048
  • Jun 20, 2013 2:08am Jun 20, 2013 2:08am
Quoting albchr
{quote} A larger dip? Interesting. So....in your opinion the "overall" (monthly/yearly) trend is up?
Hi mate, sorry I missed this post.
No didn't mean that.
I meant the 4830 I see as a pivotal point for an overall trend reversal and the overall bullish weekly momentum with tails pushind up through last years summer range support zone at 54ish with good force showing what I'm thinking.
You got to push hard to get out of a hole so to speak and best do the hard yards early.

But i realise nothing is ever set in stone and foolish to think it is. So following PA.
Come with me if you want to live....
  • #343,049
  • Jun 20, 2013 2:12am Jun 20, 2013 2:12am
Quoting ladylike
{quote} ... and now the shoulder.
... and now the retracement to the neck line.
  • #343,050
  • Jun 20, 2013 2:18am Jun 20, 2013 2:18am
Something like that.
Attached Image
  • #343,051
  • Jun 20, 2013 2:55am Jun 20, 2013 2:55am
Quoting inpatient
{quote} Couldnt let it lie.... Got to admit Bones whilst i think your technical analysis is of a very high level and i always seek out your posts when i see them (amongst others). You are sometimes seemingly difficult to communicate with. I dont post much in this forum (or any other anymore too much). Your statement a few months ago where you decided after reading several posts that you obviously felt were amatuer to mock the thread and the members on it by stating something to the degree 'this thread is a joke' seemed to stick in my mind. Now i...

i disagree..its just that he cares and people may not understand but there are 2 types of people that stick out to me

1) the type that think they know when they havent a clue but do nothing to improve..and stay in the same cycle over and over
2) secondly the type that realise there weakness, and learn to the point that they become obsessed about turning a weakness into strength and keep moving forward

tony is a great guy..and i agree with him completely, its all about knowledge, without his input this thread would have died a long time ago and many traders as well, me included.
I understand people not knowing him, it may seem like he is braggin but he isnt..he is a massive contributor to ff for knowledge look in the dailly chart thread, u see many do what he does, going through the index so many who have no clue, he provides them to have a chance to make money.
He gives knowledge without a price tag and this is rare in ff. He just get frustrated, that he shares what he thinks and yet people do something else and to him he doesnt get it..lol
why..because to him the chart backs it up..that is why i said well done to him..he chart was crystal clear telling the way

trade well my friend
  • #343,052
  • Jun 20, 2013 3:15am Jun 20, 2013 3:15am
Quoting ladylike
Something like that. {image}
I like it. Don't know if it will happen but it would be a nice place for more shorts.
Ghost Rider - WWTBMD?
  • #343,053
  • Jun 20, 2013 3:22am Jun 20, 2013 3:22am
I think it will touch 1.5490 sometime today or tomorrow
  • #343,054
  • Jun 20, 2013 3:23am Jun 20, 2013 3:23am
Quoting Ill-b-back
{quote} Hi mate, sorry I missed this post. No didn't mean that. Imeant the 4830 I see as a pivotal point for an overall trend reversal and the overall bullish weekly momentum with tails pushind up through last years summer range support zone at 54ish with good force showing what I'm thinking. You got to push hard to get out of a hole so to speak and best do the hard yards early. But i realise nothing is ever set in stone and foolish to think it is. So following PA.
Ah I see bro. I agree a break of that would be huge for the overall long term trend indeed. I wonder if we'll break 5300 to end this little weekly/daily up move we're in.
Ghost Rider - WWTBMD?
  • #343,055
  • Jun 20, 2013 3:29am Jun 20, 2013 3:29am
Quoting Fx-gtg
I think it will touch 1.5490 sometime today or tomorrow
It very could. As we can see, the dollar bull exploded on FMOC but is now at resistance again and the pound is also holding it's ground quite well as of now. Let's see what GBP retail numbers do.
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFX_GBPLFX_Daily.PNG Size: 63 KB
Ghost Rider - WWTBMD?
  • #343,056
  • Jun 20, 2013 3:35am Jun 20, 2013 3:35am
Im not bragging really ,you always take something I say and turn it ,im very exited about trading yes that's all ,all Im doing is sharing ,anyway
I think bbmac is a very good trader actually ,there's a certain banter between us in that our beliefs differ greatly I think ,hes made plenty of comments that I talk shit
not directly


Quoting Ill-b-back
{quote} I'm talking about the recent past, your posts against bbmac and others who present views and info for others to consider. But all you can bring yorself to do is criticize them (even when it turns out they have been right). But you say price IS going here "whether we like it or not" or IS going there, "pure and simple" - below 1.5 while on the 750 pip bull train north. Nice one Others present information for us to look, consider and learn from, but don't put spins of "certainty" on it. But your over inflated ego doesn't allow...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,057
  • Jun 20, 2013 3:46am Jun 20, 2013 3:46am
I think this is the best post ive seen of bbmac ,when I saw even tho I didn't agree at the time I thought its a great post




Quoting bbmac
Bullish engulfing daily close - no fractal swing created by it on this t/f but buyers evident in that zone down to 5000..are they taking control ? Given this daily close what is the greater probability now re tomorrow's move ? G/L {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,058
  • Jun 20, 2013 3:49am Jun 20, 2013 3:49am
Gidday

On that bit good news I closed my short,everyone talking down
  • #343,059
  • Jun 20, 2013 3:50am Jun 20, 2013 3:50am
morgan Stanley ....

'...GBP is also likely to remain vulnerable given that the composition of growth is likely to lead to a further widening of the current account deficit, in our view. We maintain our short GBPUSD position and have lowered our stop to 1.5600. A move below the 1.5410 level will trigger a further negative signal, opening the way for a decline towards 1.5000/1.4900 initially.'

So it's presently a case of much better than forecast Uk retail sales data bounce -vs- continuing $ strength.

G/L
ex member
  • #343,060
  • Jun 20, 2013 3:50am Jun 20, 2013 3:50am
its true forums are tricky ,often I take wrong way also other way round im not chatting direct ,ive been in this thread longer than pretty much anyone here I don't think its a joke ! I love it ,


Just saying


Quoting inpatient
{quote} Couldnt let it lie.... Got to admit Bones whilst i think your technical analysis is of a very high level and i always seek out your posts when i see them (amongst others). You are sometimes seemingly difficult to communicate with. I dont post much in this forum (or any other anymore too much). Your statement a few months ago where you decided after reading several posts that you obviously felt were amatuer to mock the thread and the members on it by stating something to the degree 'this thread is a joke' seemed to stick in my mind. Now i...
On-site guru & also FF member's' psychiatrist, when not drinking tea
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