Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#343,361
Jun 26, 2013 2:24pm Jun 26, 2013 2:24pm

A-speculator
Joined May 2009 | Status: Trader | 4,895 Posts

Quoting Maso

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{quote} Well, both cable and fiber are bearish. If you have a look at monthly chart, it indicates a big fall for tomorrow and Friday. It may go down even till 1.5 area {image}

Ignored

as per your chart, the problem is the low hasn't been taken out yet, means there's still no confirmation just yet.. as i see it, price still in range in that TF..

#343,362
Jun 26, 2013 2:37pm Jun 26, 2013 2:37pm

A-speculator
Joined May 2009 | Status: Trader | 4,895 Posts

would test a long at 5315, SL at 5290 - just below today's low..

#343,363
Jun 26, 2013 3:36pm Jun 26, 2013 3:36pm

bbmac
Joined Jul 2007 | Status: Trader | 5,392 Posts

After yesterday's (Tueday's) subdued pip range - a downside follow thru today off Tuesday's doji-esq daily candle - at the current and likely daily lo - the 100sma on daily, 2 x fibs as shown of the moves a-c and b-c and of course topside of that previous daily descending trend line...pip range so far today = 111% of the 20 day atr...so far this week 66% of 20 week atr.

Techs to the immediate downside (not incl Daily Pivots)

5296 Current and likely Daily Lo

5292/91 61.8% 5006-5751 / 50% 4830-5751

5283-71 previous 4hr swing lo zone incl 5283 = 76.4% 5139-5751, and 5274 = Weekly S1 @/around

5270 Mthly Pivot

[5245-34]-24 previous minor 4hr [sw hi]/lo zone incl 5230 = 76.4% 5139-5751

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

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ex member

#343,364
Jun 26, 2013 4:16pm Jun 26, 2013 4:16pm

ForexRatVN
| Joined May 2010 | Status: Trader | 270 Posts

Quoting ForexRatVN

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{quote} I am in as planned. Short @ 15450, 1st Target 15385, 2nd Target 15305. Keep my fingers cross

Ignored

By luck, 1st & 2nd targets hit nicely before she "pauses" for a while.

Bought @ 15320, 1st target 15400 & 2nd @ 15500 with the hope Mr. Navin's Bull is on the way home now; if not add another buy @ 15275 with tight stop

My fingers cross as usual

#343,365
Jun 26, 2013 6:58pm Jun 26, 2013 6:58pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Looking at this bearish pressure, wouldn't be too surprised at all to see 1.52 this week.

Come with me if you want to live....

#343,366
Edited 7:23pm Jun 26, 2013 7:12pm | Edited 7:23pm

A-speculator
Joined May 2009 | Status: Trader | 4,895 Posts

Quoting Ill-b-back

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Looking at this bearish pressure, wouldn't be too surprised at all to see 1.52 this week.

Ignored

Price seems like at critical place.. i don't think it's gonna move down that low today.. perhaps price might need a little breathing room.. might likely surface.. furthermore, looking at daily, price seems doing higher highs and higher lows (judging from mac 2013 - current).. maybe cable forming a channel for another leg down basing on latest weekly formation (engulfing) but 4h atm seems likely will consolidating about 5315.. if that area hold, we might get quite a pullback to the upside. imho.

#343,367
Jun 26, 2013 8:17pm Jun 26, 2013 8:17pm

inpatient
| Joined Dec 2011 | Status: Rags to riches | 1,316 Posts

Quoting Maso

Disliked

{quote} Well, both cable and fiber are bearish. If you have a look at monthly chart, it indicates a big fall for tomorrow and Friday. It may go down even till 1.5 area {image}

Ignored

Hey Maso, unlike you to be bearish bro

I mentioned a while ago we would check in on the 23 fib and i still think so. Not sure it is this week though but Albchr goal at 1.526 is a possibility (just 70 pips down needed)

Money never sleeps...

#343,368
Jun 26, 2013 8:22pm Jun 26, 2013 8:22pm

inpatient
| Joined Dec 2011 | Status: Rags to riches | 1,316 Posts

Quoting Ill-b-back

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Looking at this bearish pressure, wouldn't be too surprised at all to see 1.52 this week.

Ignored

yes sir, once we passed that 38 fib i think 1.52 is inevitable. If it breaks the 23 fib it just has the 1.50 whole number before the low 1.48's

depending upon the timing of this i might be long from anything below 1.485 in july....

Money never sleeps...

#343,369
Jun 26, 2013 10:25pm Jun 26, 2013 10:25pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting inpatient

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{quote} yes sir, once we passed that 38 fib i think 1.52 is inevitable. If it breaks the 23 fib it just has the 1.50 whole number before the low 1.48's depending upon the timing of this i might be long from anything below 1.485 in july....

Ignored

We seeing the same thing bro

I suspect 1.52 could be the bottom,(but will watch PA).
Another little pump today before another dump I'm thinking.

Come with me if you want to live....

#343,370
Jun 26, 2013 10:29pm Jun 26, 2013 10:29pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

Quoting A-speculator

Disliked

{quote} Price seems like at critical place.. i don't think it's gonna move down that low today.. perhaps price might need a little breathing room.. might likely surface.. furthermore, looking at daily, price seems doing higher highs and higher lows (judging from mac 2013 - current).. maybe cable forming a channel for another leg down basing on latest weekly formation (engulfing) but 4h atm seems likely will consolidating about 5315.. if that area hold, we might get quite a pullback to the upside. imho.

Ignored

I didnt say by today.

Come with me if you want to live....

#343,371
Jun 26, 2013 10:46pm Jun 26, 2013 10:46pm

fontu
Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts

Just update : good going , yes bounce areas playing but the while corrected up before was crazy with crazy srs & breaking them are another crazy activity & so why not crazy continue to the down without correction , tit for tat .
carry out .
fontu

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Not understand?better not follow my analyses!doubt clearer first, risks ++

#343,372
Jun 26, 2013 11:24pm Jun 26, 2013 11:24pm

Ri Dwe
| Joined May 2013 | Status: Trader | 105 Posts

Quoting albchr

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{quote} Yeah ... I caught that in the EUR thread earlier too...LOL

Ignored

But not the same guy, isn't it?

Quoting albchr

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{quote} I don't really understand this. If you think it will reach 5100, roughly 330 pips lower than now, why not sell now? I don't understand waiting for 330 pips to slip away, and then selling closer to the bottom? If it's been working for you that's great. But I just don't get it.

Ignored

I think he meant selling with 1.51 as target

Make it simple, but not simpler - Einstein

#343,373
Jun 26, 2013 11:27pm Jun 26, 2013 11:27pm

Ri Dwe
| Joined May 2013 | Status: Trader | 105 Posts

Quoting Makavell

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{quote} {quote} 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

Ignored

Thanks for sharing your view. Unfortunately I am always lucky, but not that lucky

.. I don't think this pair will go to 1.48 before seeing 1.6.

Do you really think it will break daily MA(100) easily?

Make it simple, but not simpler - Einstein

#343,374
Jun 26, 2013 11:30pm Jun 26, 2013 11:30pm

Ri Dwe
| Joined May 2013 | Status: Trader | 105 Posts

I still think Cable will test weekly Pivot (1.551) this week and go to 1.59 next month. I added up long position yesterday at 1.530 (daily R3, last week's R3, daily MA(100)). If it goes further down I will add another long around 1.526. There is a confluence of monthly pivot, daily S1, and weekly S1. I will be lucky if it gets there, buying low is my pleasure

Make it simple, but not simpler - Einstein

#343,375
Jun 27, 2013 3:44am Jun 27, 2013 3:44am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

5260 pretty close now. Eh?

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Ghost Rider - WWTBMD?

#343,376
Jun 27, 2013 3:55am Jun 27, 2013 3:55am

ladylike
| Joined May 2013 | Status: Trader | 27 Posts

Quoting ladylike

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{quote} Seems to go according to plan, so far ... and now we know what the next step.

Ignored

Price movement according to plan.... and now what's going to happen?

#343,377
Jun 27, 2013 3:56am Jun 27, 2013 3:56am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting Ri Dwe

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I think he meant selling with 1.51 as target

Ignored

Maybe so bro. Looking at his chart again, I may have misunderstood his meaning. I should be more careful when really tired....lol

Ghost Rider - WWTBMD?

#343,378
Jun 27, 2013 3:58am Jun 27, 2013 3:58am

albchr
Joined Mar 2009 | Status: Trader | 25,480 Posts

Quoting ladylike

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{quote} Price movement according to plan.... and now what's going to happen?

Ignored

I don't know for sure but this has been my thinking all week. Poor GBP data could change things though. We'll see.

Quoting albchr

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{quote} 1.5 and lower are my overall goals but not this week. I think if 5260 area is reached this week, it will provide some retrace before continuing down further. But we shall see.

Ignored

Ghost Rider - WWTBMD?