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Cable Update (GBPUSD)

  • #343,221
  • Jun 24, 2013 2:55am Jun 24, 2013 2:55am
G/M,

Retail gap down and a move down to 5345 Current daily lo and a bounce there.....

Techs to the immediate downside:

5346 Daily S1 @/around
5345 Current daily lo
5342-32 previous minor 4hr swing lo zone incl 5342= 85.4% 5272-5751
5291/90 61.8% 5006-5751 / 50% 4830-5751
5283-71 previous 4hr swing lo zone incl 5283 = 76.4% 5139-5751, and 5275 = Daily S2 @/around, 5274 = Weekly S1 @/around
5270 Mthly Pivot
[5245-34]-24 previous minor 4hr [sw hi]/lo zone incl 5230 = 76.4% 5139-5751
5185 Daily S3 @/around
5184/82 61.8% 4830-5751 / 76.4% 5006-5751
5158-38 previous 4hr/minor daily swing hi / 4hr swing lo zone
5129 Weekly S2 @/around
5124-09 previous 4hr minor swing hi/lo zone incl 5116=85.4% 5006-5751
5049 76.4% 4830-5751
5030-06 previous wkly/dly/4hr swing lo zone

G/L
ex member
  • #343,222
  • Jun 24, 2013 4:57am Jun 24, 2013 4:57am
Quoting albchr
{quote} 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.
Due to the gap I'm not in any shorts as of yet. Would like to see if it fills first for my target idea. But I wonder? lol
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #343,223
  • Jun 24, 2013 7:38am Jun 24, 2013 7:38am
It will go to 61.8 fibo..

Attached Image (click to enlarge)
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  • #343,224
  • Jun 24, 2013 8:25am Jun 24, 2013 8:25am
Quoting Mrdj
It will go to 61.8 fibo.. {image}
I do believe it will Sir

It is also the 50fib from march low
Come with me if you want to live....
  • #343,225
  • Jun 24, 2013 8:31am Jun 24, 2013 8:31am
Quoting albchr
{quote} Due to the gap I'm not in any shorts as of yet. Would like to see if it fills first for my target idea. But I wonder? lol {image}
Hope it hits my 5430 order before dropping. Pretty boring day.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 46 KB
Ghost Rider - WWTBMD?
  • #343,226
  • Jun 24, 2013 8:49am Jun 24, 2013 8:49am
tgt hit for g/u long
  • #343,227
  • Jun 24, 2013 8:51am Jun 24, 2013 8:51am
Quoting albchr
{quote} Hope it hits my 5430 order before dropping. Pretty boring day. {image}

Bingo, it hits nicely .... Drop Drop Drop... ha ha... (is going to be a nice drop).

My view.
  • #343,228
  • Jun 24, 2013 8:51am Jun 24, 2013 8:51am
Quoting albchr
{quote} Hope it hits my 5430 order before dropping. Pretty boring day. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 48 KB
Ghost Rider - WWTBMD?
  • #343,229
  • Jun 24, 2013 10:56am Jun 24, 2013 10:56am
great opportunity to long guys
  • #343,230
  • Jun 24, 2013 12:11pm Jun 24, 2013 12:11pm
Long for now.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 29 KB
  • #343,231
  • Jun 24, 2013 12:36pm Jun 24, 2013 12:36pm
short cable @ 1.5440 lets see where it goes
  • #343,232
  • Jun 24, 2013 12:38pm Jun 24, 2013 12:38pm
Quoting Piece Of The Pie
Long for now. {image}
i see u above above the highs
  • #343,233
  • Jun 24, 2013 1:05pm Jun 24, 2013 1:05pm
arrrr looks like I was wrong on this one
  • #343,234
  • Jun 24, 2013 1:12pm Jun 24, 2013 1:12pm
Last hour up on very low volume. Should be interesting. Still short ...
Ghost Rider - WWTBMD?
  • #343,235
  • Jun 24, 2013 1:16pm Jun 24, 2013 1:16pm
Quoting ferreira1239
arrrr looks like I was wrong on this one
dont worry it happens bro..mind u we are going a lot higher!!

trade safe
  • #343,236
  • Jun 24, 2013 1:50pm Jun 24, 2013 1:50pm
still short add one more possion at 1.5460
  • #343,237
  • Jun 24, 2013 1:59pm Jun 24, 2013 1:59pm
the short
Attached Image (click to enlarge)
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  • #343,238
  • Jun 24, 2013 2:06pm Jun 24, 2013 2:06pm
well saved the trade with the scale in at 1.5460 and out @ 1.5440 with scalling in I made some good money but small amount of pips. saving the trade worked out shu. Oh well glade Im out. it will most prob drop from here just to punish me. LOL
  • #343,239
  • Jun 24, 2013 3:39pm Jun 24, 2013 3:39pm
are we beginning to see accumulation in this pairing? - see 4hr below...or are the bears still in charge and this is another pullback ? - likely hammer (esq) or at least a likely bullish daily close and this close could well be above Friday's close.

G/L
Attached Image (click to enlarge)
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ex member
  • #343,240
  • Jun 24, 2013 3:51pm Jun 24, 2013 3:51pm
Bear Time?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd elliottwave.gif Size: 79 KB
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