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Cable Update (GBPUSD)

  • #343,761
  • Jul 10, 2013 5:36pm Jul 10, 2013 5:36pm
Quoting Bones
I don't see black crows ,I do see traffic {quote}
Not sure what you're missing.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmweekly.png Size: 37 KB
  • #343,762
  • Jul 10, 2013 5:39pm Jul 10, 2013 5:39pm
the pattern is within consolidation ,don't get me wrong I feel bearish longer term

Quoting BoringIsGood
{quote} Not sure what you're missing. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,763
  • Jul 10, 2013 5:41pm Jul 10, 2013 5:41pm
Quoting Bones
the pattern is within consolidation ,don't get me wrong I feel bearish longer term {quote}
Seems very clear to me but people see things differently. gl2u
  • #343,764
  • Jul 10, 2013 5:45pm Jul 10, 2013 5:45pm
Its not honestly ,if your a bear you should be concerned about the d1 and its location
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,765
  • Jul 10, 2013 5:49pm Jul 10, 2013 5:49pm
Quoting BoringIsGood
{quote} It's fairly common to see a bullish candle after 3 black crows. This bear isn't shaken out. Still looking for 1.42 and below
Hi mate, yes Sir, my point exactly.
If we do breakdown from above resistance area and break 1.48 next week, then 1.42 (area) is very attractive to me also for quite a number of tech reasons.
If we push down in US session today and/or tomorrow, I'll open a longer term position and a daytrading one.
Could be fun, let's see...
Come with me if you want to live....
  • #343,766
  • Jul 10, 2013 5:51pm Jul 10, 2013 5:51pm
Something is happening!!! My long I thought of have to wait a month to go into profit just did. Any ideas?
  • #343,767
  • Jul 10, 2013 5:57pm Jul 10, 2013 5:57pm
Quoting ijan112
1.5125 my TP today after the fundamental news 2a.m. later...

gr8
now i should say thanks
  • #343,768
  • Jul 10, 2013 5:58pm Jul 10, 2013 5:58pm
w1

Quoting BoringIsGood
{quote} Seems very clear to me but people see things differently. gl2u
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 10-7-13 w1.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,769
  • Jul 10, 2013 5:58pm Jul 10, 2013 5:58pm
lol... she climbs while we/I type.

She seems keen, but is it just hot air?....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 45 KB
Click to Enlarge Name: gbpusddaily.png Size: 39 KB
Come with me if you want to live....
  • #343,770
  • Jul 10, 2013 6:02pm Jul 10, 2013 6:02pm
Quoting Bones
w1 {quote} {image}

You see consolidation.

I see an ABC correction followed by the beginning of a wave 3.

I suppose we'll see what happens next. Not much more to say on the subject.
  • #343,771
  • Jul 10, 2013 6:04pm Jul 10, 2013 6:04pm
LOL...everyone freaking over a little dollar correction.
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFX_GBPLFX_Daily.PNG Size: 64 KB
Ghost Rider - WWTBMD?
  • #343,772
  • Jul 10, 2013 6:05pm Jul 10, 2013 6:05pm
well that different to 3 crows anyway maybe your right
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #343,773
  • Jul 10, 2013 6:15pm Jul 10, 2013 6:15pm
Quoting albchr
LOL...everyone freaking over a little dollar correction. {image}
I agree, I guess I've "jumped the fence" and joined you guys.
Just took me a while to catch on lol.....

My apologies.....
Come with me if you want to live....
  • #343,774
  • Jul 10, 2013 6:24pm Jul 10, 2013 6:24pm
Quoting Ill-b-back
{quote} I agree, I guess I've "jumped the fence" and joined you guys. Just took me a while to catch on lol..... My apologies.....
No apologies needed bro. I've been waiting for the test of the 23.6% this week to load shorts along the way. I must admit however, I thought it would come a little each day and not all today though...LOL

I'm just waiting to hear Ben come out and say how the market "misinterpreted his words" again.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 46 KB
Ghost Rider - WWTBMD?
  • #343,775
  • Jul 10, 2013 6:28pm Jul 10, 2013 6:28pm
Quoting albchr
{quote} No apologies needed bro. I've been waiting for the test of the 23.6% this week to load shorts along the way. I must admit however, I thought it would come a little each day and not all today though...LOL I'm just waiting to hear Ben come out and say how the market "misinterpreted his words" again. {image}
Indeed
Come with me if you want to live....
  • #343,776
  • Jul 10, 2013 7:31pm Jul 10, 2013 7:31pm
To be honest, I am still cautious about this, it's weird.
That summer range of last year still holding things up on the transvers along with the weekly TL retest.
Will have to watch things closely.
If we close the 4hr above the descending TL, I might reconsider bullish options since we have yet to actually retest that mother of all Broken TL's above in white
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdh4.png Size: 36 KB
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  • #343,777
  • Jul 10, 2013 8:25pm Jul 10, 2013 8:25pm
Quoting fxtyrant
{quote} Most invalid check out daily chart and tell me you dont see that daily bearish engulfing candle u came im bullish at the wrong time for both technical and fundamental perspective have you not read Carney's speech?? Dont expect interest rate to rise before 2015.... That Long.... and ur still bullish???
Bwahahaha stay a student lad.
  • #343,778
  • Jul 10, 2013 8:28pm Jul 10, 2013 8:28pm
Quoting fxtyrant
Bones, me and nav are licking our fingers with our shorts from 1.56, keep it simple guys, gbpusd turned bearish ever since we broke below that upwards trend, and we just recently retested that broken tremdline to confirm a bear run carney coming into BOE and hes a much dovish guy than mervyn, expect rising QE from BOE 1.48 support is not the concern as davidsayli is so eager to long it my concern is if my shorts would reach my medium term target of 1.45-1.42 region now that monthly turned bearish and gaining momentum
1.48 is most definitely the concern. Wonder how much money you cost others with your piss poor overly biased public speeches. Stay a student, the market will humble you.
  • #343,779
  • Jul 10, 2013 8:47pm Jul 10, 2013 8:47pm
Quoting Pumpndump
{quote} I would never discount a credible theory hence my stop loss. I shorted at 1.57. I am now no longer licking my fingers at a short prospect. I could get burned for 50% of my previous profit if I am wrong though I would certainly agree if we slice 1.48 we see 1.45 and I'll get my money back there.
For further future reference, this is how a gentleman responds to a differing view point. I wonder just how many people were shorting 1.49 etc off the back of your minor retrace calls.
  • #343,780
  • Jul 10, 2013 9:00pm Jul 10, 2013 9:00pm
Quoting Pumpndump
{quote} For further future reference, this is how a gentleman responds to a differing view point. I wonder just how many people were shorting 1.49 etc off the back of your minor retrace calls.
I'm actually starting to favour the weekly 200ema about the major broken weekly/monthly
TL we have not retested yet.
All depends on this weeks close bullish of the descending 4hr TL.
38.2 and more likely 50fib (1.50) retrace of this weeks move could act as support.
Let's see...
Come with me if you want to live....
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