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Cable Update (GBPUSD)

  • #343,601
  • Jul 5, 2013 3:00am Jul 5, 2013 3:00am
Seriously? why people take longs when yesterday the english bank decided to continue printing money? how about waiting few days for a correction (might be in the 1.497 area) and then buy? its called common sense...
  • #343,602
  • Jul 5, 2013 3:14am Jul 5, 2013 3:14am
BE CAREFULL !!!

Some big hedge funds openning long positions targetting 1.5750

FIRST TARGET : 1.5605
SECOND TARGET : 1.5750
THIRD TARGET : 1.6315

GL
  • #343,603
  • Jul 5, 2013 3:16am Jul 5, 2013 3:16am
Quoting bbmac
4990 the current daily lo. taking stops out under the psychologically important 5000 level before the rally/pullback or just more downside ? G/L
Hey bro. Personally I'm hoping to see a pullback to the 5080/5116ish area for more shorts which I think the 5000 level may provide. But I think 4830 mid term is all but inevitable at this point. Should that give way, long term she may want to test as low as 3500 again. Of course that's all just fortune telling atm but just my overall thoughts.
Attached Image(s) (click to enlarge)
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Ghost Rider - WWTBMD?
  • #343,604
  • Jul 5, 2013 3:24am Jul 5, 2013 3:24am
Quoting fontu
weekly reach actually done already but no, gold still to decide mofu ranging for correction or further tanking yet, not this week perhaps .eu only reach daily close price 2894 not low 2805 yet , weekly close 2861 to reach then first or as far as it can go .so carry out till weekly low get. fontu {image} {image} {image} {image}

Hi Fontu,


hope all is well. Good analyses, as ever :-)
  • #343,605
  • Jul 5, 2013 3:28am Jul 5, 2013 3:28am
Quoting davidsayli
BE CAREFULL !!! Some big hedge funds openning long positions targetting 1.5750 FIRST TARGET : 1.5605 SECOND TARGET : 1.5750 THIRD TARGET : 1.6315 GL
lol?
whats ur source?
  • #343,606
  • Jul 5, 2013 3:32am Jul 5, 2013 3:32am
Quoting infinitus
{quote} Hi Fontu, hope all is well. Good analyses, as ever :-)

Thanks , Friday & so sitting little more time rather only few minutes other day , though my wife already starts shouting.

anyway , hope u doing well & ur ew analyses .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #343,607
  • Jul 5, 2013 3:42am Jul 5, 2013 3:42am
Quoting fontu
{quote} Thanks , Friday & so sitting little more time rather only few minutes other day , though my wife already starts shouting. anyway , hope u doing well & ur ew analyses . fontu


I can hear it


same here
  • #343,608
  • Jul 5, 2013 3:49am Jul 5, 2013 3:49am
Quoting davidsayli
be carefull !!! Some big hedge funds openning long positions targetting 1.5750 first target : 1.5605 second target : 1.5750 third target : 1.6315 gl
i now know your strategy, you must be a contrarian ( contrary indicator)!
  • #343,609
  • Jul 5, 2013 3:55am Jul 5, 2013 3:55am
Quoting davidsayli
BE CAREFULL !!! Some big hedge funds openning long positions targetting 1.5750 FIRST TARGET : 1.5605 SECOND TARGET : 1.5750 THIRD TARGET : 1.6315 GL

Something tell me this bro longed from 1.5750 and is looking for comfort from hedge funds
  • #343,610
  • Jul 5, 2013 3:56am Jul 5, 2013 3:56am
Quoting Makavell
{quote} i now know your strategy, you must be a contrarian ( contrary indicator)!
agree. either this guy got some inside info (pffff) or he is just a fool trying to fool others.
  • #343,611
  • Jul 5, 2013 4:06am Jul 5, 2013 4:06am
.....yesterday's daily candle was a bearish thrust below the last swing lo on that t/f and it's body bearishly engulfed the last 4 candles on that t/f so a downside follow thru was always the greater probability.

Question now, as price reaches a low @ Weekly S2 is whether @ 120% of 20 week atr at the said lo (87% of 20 day atr so far today) the bears have more strength in them ? 161.8% fib extension of that last 5006-5751 weekly swing is @ 4545 area. Some signs of accumulation creeping in on 5/10min....may start to encourage the intraday bulls ?

All this and U.s NFP to come - which if a big/good number may see more downside for this pairing if market reacts in a 'traditional pre 'risk on/risk off' way.

Market talk of size-able bids lining up in the 4950/55 area ?

G/L
ex member
  • #343,612
  • Jul 5, 2013 4:12am Jul 5, 2013 4:12am
yeah, market may possibly to pullback today,
and before that happen, i prefer to move my SL, to safe my profit
But I still expected more low today, .4850 perhaps
  • #343,613
  • Jul 5, 2013 4:28am Jul 5, 2013 4:28am
I know just one thing thats LONG.........................
  • #343,614
  • Jul 5, 2013 4:38am Jul 5, 2013 4:38am
Quoting Pumpndump
{quote} I'm a little confused sir, on one hand your talking about ignoring technicals, then your telling me about bearish engulfing candles? Which information should I cherry pick from you to help me asses my trade?
I am just saying that fundamentals are the key reasons why gbpusd is moving right now
and technicals are in line with it
the daily engulfing candle + carney's speech confirms the next move down
probably best not to argue with me bro 1.50 bye bye for all i know
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #343,615
  • Jul 5, 2013 5:22am Jul 5, 2013 5:22am
long @4965

based on RSI & Stoch & MACD.
  • #343,616
  • Jul 5, 2013 5:28am Jul 5, 2013 5:28am
Quoting sibajnok
long @4965 based on RSI & Stoch & MACD.
you do realize that RSI & Stock & MACD can remain oversold/bearish longer than you can stay sane?
besides RSI, Stoch and MACD are lagging indicators, unless you got divergences, its probably not something you should focus too much on....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #343,617
  • Jul 5, 2013 5:36am Jul 5, 2013 5:36am
Quoting fxtyrant
{quote} you do realize that RSI & Stock & MACD can remain oversold/bearish longer than you can stay sane? besides RSI, Stoch and MACD are lagging indicators, unless you got divergences, its probably not something you should focus too much on....
indeed. all indicators have their weekness, based on the fact, that they analyse history.

and yes, you're right about be remaining oversold as long as cable wants and I also agree, that there is a lot more space down. (IMO we can see 1.48xx very soon...)

BUT, together with PA and my EMA-s, which is already gave me buy signal (5m TF), I expect to scalp 25-30 pips with this trade. nothing more.
  • #343,618
  • Jul 5, 2013 5:37am Jul 5, 2013 5:37am
Quoting Ill-b-back
I know she looks as bearish as all hell, but keep your minds and options open. Could also be building levels on the retest. This week and next could be rather important indicators:nerd: lol... {image} {image} {image}
Ok, whoops, maybe we building levels on the monthly lol...

Nice confluence for the monthly AB = CD (1500 pips each) and TL retest and support.
selling rallies I guess lol...

I apologise for my bullish outlook, how silly of me indeed

Watching "flight" with Mr Washington, looks good, have a great weekend folks
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 38 KB
Come with me if you want to live....
  • #343,619
  • Jul 5, 2013 5:37am Jul 5, 2013 5:37am
Quoting sibajnok
{quote} indeed. all indicators have their weekness, based on the fact, that they analyse history. and yes, you're right about be remaining oversold as long as cable wants and I also agree, that there is a lot more space down. (IMO we can see 1.48xx very soon...) BUT, together with PA and my EMA-s, which is already gave me buy signal (5m TF), I expect to scalp 25-30 pips with this trade. nothing more.
oh okay, just be safe cuz this thing is looking real bearish all of a sudden..... something to do with Carney stepping in office which ive mentioned months ago...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #343,620
  • Jul 5, 2013 5:39am Jul 5, 2013 5:39am
Quoting Ill-b-back
{quote} Ok, whoops, maybe we building levels on the monthly lol... Nice confluence for the monthly AB = CD (1500 pips each) and TL retest and support. selling rallies I guess lol... I apologise for my bullish outlook, how silly of me indeed Watching "flight" with Mr Washington, looks good, have a great weekend folks {image}
on your chart the 1.48xx support doesnt look strong enough and we historically we have broken above and gone below it multiple time...
im more confident to say the stronger support is on your Beige 1.42 line....
pretty much in line with me saying GBPUSD will reach 1.45 i guess..... it took far too much time for my liking though.....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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