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Cable Update (GBPUSD)

  • #343,201
  • Jun 22, 2013 3:54pm Jun 22, 2013 3:54pm
As per prior post I'm calling this market higher--EB
  • #343,202
  • Jun 22, 2013 3:54pm Jun 22, 2013 3:54pm
Quoting eyeball
Bones-- Sequential pattern recognition does not employ the use of traditional indicators ......
Ok, that's right about where my eyes glazed over.

Obviously this is WAY above my humble head so I'll just stick to my indicator-less PASR and crawl back to my cave in shame.
Ghost Rider - WWTBMD?
  • #343,203
  • Jun 22, 2013 3:57pm Jun 22, 2013 3:57pm
so basically your just saying it will go higher ? and your giving a range of 100 pips to open in


Quoting eyeball
Sequential pattern recognition and analysis is calling this market higher for the week--given an opening at 0000 GMT 6/24/2013 between 153.50 to 154.50--EB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,204
  • Jun 22, 2013 4:09pm Jun 22, 2013 4:09pm
Quoting Bones
lol yes we do , honestly I think this could be messy for week poss right back up ,but im thinking late in the week or week after is good sell time monthly up weekly down very mixed {quote} {image}
Yeah, I'm still bearish overall as of now and think we can see the 5260ish area this week. Much depends on the GBP. Recent data has been good and it's obviously in a HTF consolidation lately. Should it break the resistance it's been pressing against, that could change the picture quickly me thinks.
Ghost Rider - WWTBMD?
  • #343,205
  • Jun 22, 2013 4:26pm Jun 22, 2013 4:26pm
I have small long cable ,tho now im not sure why lol
Im thinking eur is weaker than Ģ ,another tricky chart but ,8400 interests me as buy
Attached Image (click to enlarge)
Click to Enlarge Name: 1-eur gbp d1 22-6-13.png Size: 44 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,206
  • Jun 22, 2013 5:37pm Jun 22, 2013 5:37pm
Quoting pipcorn
{quote} Sorry, and donīt take me wrong but I donīt understand what is the meaning of that? Unless ... To feed your ego? To show your skills at gambling? To teach in the wrong way? To make facebook friends? And maybe later to create a signal service (well thought). Itīs possible for you to explain, please. Thank you. Good luck anyway.
Nothing to be sorry about. Simple answer: to have fun. But I feel that if you'll only get this answer - you'll ask more or you will get your own impression. So some explanations for you.

Ego? A popular word among traders. Used where it does fit and more often when it doesn't. Hate it. This experiment is nothing more than a skill test. Having all possible eyes and all possible pressure testing myself on one, two trades with limited timing. Testing how fast a setup can be found and traded. Test of reaction, concentration, ability to focus and coping with stressful situations. And believe me - such exercising to cope with pressure does help in various situations in future. I can easily loose so how can it be my ego? I am not sure if it will be a success now but I will definitely do my best to gather all the skills needed in one place during that particular time. I usually use bigger time frames to trade but I know that you can make cash using all of them. So it also helps me to get down to the smallest time frames and hunt down the prey there. Gambling? That is why it is only an experiment. I don't trade like that and don't advice anyone to do this. Don't do this guys! This is a one way road playing like that. And in most times the end isn't very good. I told this earlier and I am repeating myself now. That goes for an answer for your 'teaching the wrong way' question too.

I honestly hope that this helps you understand the idea and will let you stay aside from making conspiracy theories. Let's have fun and make pips guys. Wish best of luck to all!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #343,207
  • Jun 23, 2013 4:47am Jun 23, 2013 4:47am
Quoting Mr.C
{quote} Nothing to be sorry about. Simple answer: to have fun. But I feel that if you'll only get this answer - you'll ask more or you will get your own impression. So some explanations for you. Ego? A popular word among traders. Used where it does fit and more often when it doesn't. Hate it. This experiment is nothing more than a skill test. Having all possible eyes and all possible pressure testing myself on one, two trades with limited timing. Testing how fast a setup can be found and traded. Test of reaction, concentration, ability to focus...

great answer buddy..hope it goes to plan..i have no doubt under these conditions u gonna excel
  • #343,208
  • Jun 23, 2013 6:25am Jun 23, 2013 6:25am
Quoting Mr.C
{quote} Nothing to be sorry about. Simple answer: to have fun. But I feel that if you'll only get this answer - you'll ask more or you will get your own impression. So some explanations for you. Ego? A popular word among traders. Used where it does fit and more often when it doesn't. Hate it. This experiment is nothing more than a skill test. Having all possible eyes and all possible pressure testing myself on one, two trades with limited timing. Testing how fast a setup can be found and traded. Test of reaction, concentration, ability to focus...
Well your answer is long and I thank you the time spent, but I still do not understand, but donīt worry I stay aside.
Just ignore me. Thanks.
  • #343,209
  • Jun 23, 2013 10:24am Jun 23, 2013 10:24am
Quoting pipcorn
{quote} Well your answer is long and I thank you the time spent, but I still do not understand, but donīt worry I stay aside.

what is there not to understand..he considers it a challenge, and want to see if he can preform better under a bit more pressure..its about developing
  • #343,210
  • Jun 23, 2013 3:11pm Jun 23, 2013 3:11pm
Quoting nAVIN2007
{quote} great answer buddy..hope it goes to plan..i have no doubt under these conditions u gonna excel

Thanks N!
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #343,211
  • Jun 23, 2013 3:24pm Jun 23, 2013 3:24pm
Do any of you still have possions short? According to XE.com its going short again. its at 1.5385
  • #343,212
  • Jun 23, 2013 3:41pm Jun 23, 2013 3:41pm
Quoting Bones
I have small long cable ,tho now im not sure why lol Im thinking eur is weaker than Ģ ,another tricky chart but ,8400 interests me as buy {image}

I also think it is a continuation figure…long with stop at 0.84
  • #343,213
  • Jun 23, 2013 4:34pm Jun 23, 2013 4:34pm
I entered at 1.5428 short on on Friday Night and out @ 15389 but with the brokers spread it was 1.5395 so another 33 pips. so add to my 85 pips on Friday, thats 118 pips in total. Im still happy with results. I think it may go down from here but will rather wait for London open tomorrow to get in at a better level if they market lets me.
  • #343,214
  • Jun 23, 2013 4:38pm Jun 23, 2013 4:38pm
Hi E I have no position in cable now my main concern is ej down

Quoting elisab
{quote} I also think it is a continuation figure…long with stop at 0.84
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,215
  • Jun 23, 2013 5:08pm Jun 23, 2013 5:08pm
Quoting ladylike
{quote} Some explaination. If price donīt reach near 5341 today, maybe we have a down gap during the weekend and when market opens price will fill that gap and then continue the down movement. Ps: This is only my view.
Good week for all ... now its time to fill the gap.
  • #343,216
  • Jun 23, 2013 10:44pm Jun 23, 2013 10:44pm
Whenever there's bear engulf pattern forming in weekly view, the next week is high likely be strong bear as well. Given this view, I believe that in the longer run, the GBPUSD probably will be head south once again, looking to 1.5000 as key support level. Prior to that, am expecting other support area such as 1.5280 and 1.5190. Nevertheless, we note that because the movement of the GBPUSD i temporary, is sudden, followed by small movement down creating divergence in the H4 & H1 view, I would maintain a BUY position for short run movement.

As attached is my analysis, please feel free to comment on them
http://alternateforexiew.wordpress.com/
Attached File(s)
File Type: pdf GBPUSD 23JUNE.pdf   337 KB | 420 downloads
Knowledge is powerful tool that we can ever have.
  • #343,217
  • Edited 11:15pm Jun 23, 2013 11:04pm | Edited 11:15pm
Morning , checking the day/week start .
One small leg before the bounce try waiting . gu broken 5373 & next goes 5273 but not that it should go actually there before bounce , any break previous low will do for it , that is break 5368 now & go as far possible to bounce or now bounce / correct little to tank 1 small leg fully again . continue down before correct level 5368 , limit up for down 5399 & 5417 , then 5455 & 5513 & finally 5529 . important levels for bear continue /pressure are upto 5417.double bottom at/around 5368 can abolish the last leg down too.

eu , bear already continued for next level 3073 & last reach 3089 & can take it is done . so can bounce here now or later after 3073/42/2974 etc .
Take care in the Monday ranging .me , carry out last ones> not that fear of the correction/bounce still .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 21 KB
Click to Enlarge Name: eurusdm30.png Size: 27 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #343,218
  • Jun 23, 2013 11:17pm Jun 23, 2013 11:17pm
In Technical Analysis ( Monthly ), so hope that this will help us think where the trade goes as well as our fellow trader ideas combine.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture.png Size: 49 KB
  • #343,219
  • Jun 24, 2013 2:11am Jun 24, 2013 2:11am
Buy GBP/USD @ 15355 stop 15335 limit 15415
  • #343,220
  • Jun 24, 2013 2:27am Jun 24, 2013 2:27am
Quoting sheppy
Buy GBP/USD @ 15355 stop 15335 limit 15415

Not bad idea
Loosening is not an option
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