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Cable Update (GBPUSD)

  • #343,321
  • Jun 25, 2013 5:34pm Jun 25, 2013 5:34pm
Quoting Ill-b-back
{quote} I'm tending to agree with this. Seems like a logical support area on monthly, weekly, daily. If we nest down there this week I have the same overall view.
Mind you, it will be an awesome bearish monthly pin, but I won't trust it unless we break new lows
Come with me if you want to live....
  • #343,322
  • Jun 25, 2013 11:36pm Jun 25, 2013 11:36pm
The same last leg down , small , playing with Monday correction chance failure but remain intact still . gu breaks the limit to down or now range down to correct next.

eu bear continues but may end at some lows .

Overall , strong bear in process & continues till month ends at least & for now .
Gold bear continued with very strong hand towards 1225 & next 1155 sr .
Take care .
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusdm15.png Size: 40 KB
Click to Enlarge Name: gbpusdh4.png Size: 32 KB
Click to Enlarge Name: gbpusdm15.png Size: 31 KB
Click to Enlarge Name: golddaily.png Size: 41 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #343,323
  • Jun 26, 2013 1:07am Jun 26, 2013 1:07am
Quoting iqyu5an
agree.. {quote}
On what? daily, weekly? or all of them?

Yesterday it failed to reach the target, but I think this week Cable will test 1.560 or 1.564 (last week's Pivot)
Make it simple, but not simpler - Einstein
  • #343,324
  • Jun 26, 2013 2:23am Jun 26, 2013 2:23am
Quoting Ri Dwe
{quote} On what? daily, weekly? or all of them? Yesterday it failed to reach the target, but I think this week Cable will test 1.560 or 1.564 (last week's Pivot)
I like to see cable fly high today, but will wait and short it @ 15550 with a risk of 2% of my account
  • #343,325
  • Jun 26, 2013 2:23am Jun 26, 2013 2:23am
Quoting fontu
The same last leg down , small , playing with Monday correction chance failure but remain intact still . gu breaks the limit to down or now range down to correct next. eu bear continues but may end at some lows . Overall , strong bear in process & continues till month ends at least & for now . Gold bear continued with very strong hand towards 1225 & next 1155 sr . Take care . fontu {image} {image} {image} {image} {image}
...
Ghost Rider - WWTBMD?
  • #343,326
  • Jun 26, 2013 4:02am Jun 26, 2013 4:02am
Quoting Ri Dwe
{quote} On what? daily, weekly? or all of them? Yesterday it failed to reach the target, but I think this week Cable will test 1.560 or 1.564 (last week's Pivot)

I DONT THINK SOOO!!!
  • #343,327
  • Jun 26, 2013 4:02am Jun 26, 2013 4:02am
charts a bit clearer, after doji yesterday ,im not trading into monthly but how I find
Attached Image (click to enlarge)
Click to Enlarge Name: 4 gbp usd d1 26-6-13.png Size: 46 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,328
  • Jun 26, 2013 5:26am Jun 26, 2013 5:26am
Quoting Bones
charts a bit clearer, after doji yesterday ,im not trading into monthly but how I find {image}
Today is targeting 1528. Mr King is always bearish on sterling as I said yesterday.
  • #343,329
  • Jun 26, 2013 5:30am Jun 26, 2013 5:30am
And this is the Euro story:

Attached Image (click to enlarge)
Click to Enlarge Name: EUR.jpg Size: 236 KB
  • #343,330
  • Jun 26, 2013 6:37am Jun 26, 2013 6:37am
Quoting ForexRatVN
{quote} I like to see cable fly high today, but will wait and short it @ 15550 with a risk of 2% of my account
And what is your target?

If this pair will fly than it will rally 200 pips after breaking out 1.546, and it will be 1.566 .. I think it will indeed make a retracement at 1.555 (it is around 200 pips away from the bottom) but only to this weekly Pivot (around 60 pips)
Make it simple, but not simpler - Einstein
  • #343,331
  • Jun 26, 2013 6:40am Jun 26, 2013 6:40am
Quoting Makavell
{quote} I DONT THINK SOOO!!!

Quoting Makavell
{quote} I DONT THINK SOOOO!!!


Do you have another thought or you don't think at all?
Make it simple, but not simpler - Einstein
  • #343,332
  • Jun 26, 2013 6:45am Jun 26, 2013 6:45am
Quoting Ri Dwe
{quote} {quote} Do you have another thought or you don't think at all?

Yeah ... I caught that in the EUR thread earlier too...LOL
Ghost Rider - WWTBMD?
  • #343,333
  • Jun 26, 2013 8:23am Jun 26, 2013 8:23am
Continue to hold long entry at 1.5390--stop at at 1.5340---TP at 1.5480-Presuming this position survives the day, which I believe it wil, will again review pattern recognition to evaluate moving TP higher ---will post again after NY close --time permitting--EB
  • #343,334
  • Jun 26, 2013 8:40am Jun 26, 2013 8:40am
Quoting eyeball
Continue to hold long entry at 1.5390--stop at at 1.5340---TP at 1.5480-Presuming this position survives the day, which I believe it wil, will again review pattern recognition to evaluate moving TP higher ---will post again after NY close --time permitting--EB
Cable is in a down trend till the end of June, at least. I keep my shorts .
  • #343,335
  • Jun 26, 2013 8:46am Jun 26, 2013 8:46am
Quoting Maso
{quote} Cable is in a down trend till the end of June, at least. I keep my shorts .
Yeah... I have a hard time understanding how folks can look at the charts and see bullish trend activity ... other than bounces of course.
Ghost Rider - WWTBMD?
  • #343,336
  • Jun 26, 2013 8:53am Jun 26, 2013 8:53am
Quoting albchr
{quote} Yeah... I have a hard time understanding how folks can look at the charts and see bullish trend activity ... other than bounces of course.

  • #343,337
  • Jun 26, 2013 8:53am Jun 26, 2013 8:53am
Maybe this will bring some light to the understanding of the bear heads here! Picture says a thousand words
Attached Image (click to enlarge)
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All posts are my personal opinion
  • #343,338
  • Jun 26, 2013 9:07am Jun 26, 2013 9:07am
Quoting Rtm
Maybe this will bring some light to the understanding of the bear heads here! Picture says a thousand words {image}
They certainly do
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 40 KB
Click to Enlarge Name: gbpusdweekly.png Size: 54 KB
Ghost Rider - WWTBMD?
  • #343,339
  • Jun 26, 2013 10:14am Jun 26, 2013 10:14am
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.
Even after the trickle around dribble yesterday..... Still possible.
Ghost Rider - WWTBMD?
  • #343,340
  • Jun 26, 2013 10:16am Jun 26, 2013 10:16am
Quoting Makavell
{quote} I DONT THINK SOOO!!!

Quoting Ri Dwe
{quote} {quote} Do you have another thought or you don't think at all?
Take a look at your charts. NOW, THIS IS WHAT I THOUGHT! 1.5330 has been taken out and youll be lucky to get a bottom at 1.4800. my target actually is 1.4831
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