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Cable Update (GBPUSD)

  • #344,001
  • Jul 17, 2013 1:19pm Jul 17, 2013 1:19pm
i think cable is getting ready to continue the move down.. judging by fiber and swissy 4h, might take turn to progress but i think down is the way to go.. imho.

new low in daily suggest more downwards pressure, let's see if we manage to get lower high..
  • #344,002
  • Jul 17, 2013 1:48pm Jul 17, 2013 1:48pm
Quoting jasakreatif
i have 500 pips target for up {image}
I wouldn't be surprised overall gu has been ranging since 2011
  • #344,003
  • Jul 17, 2013 3:59pm Jul 17, 2013 3:59pm
Hi traders

Bit off a tin ass had a pending short yesterday,just in the prefect spot.
That news alert sent it straight into the net.

Been trading this pair with small amounts.

My plan is to trade from the bottom,thinking 148 etc

Just buys right to 164 etc

same with AUS etc

Thinking long term trades which creep up to thousands etc

Playing it safe for now as loaded to the max with YEN pairs
  • #344,004
  • Jul 17, 2013 4:25pm Jul 17, 2013 4:25pm
Quoting eliteincome
Hi traders Bit off a tin ass had a pending short yesterday,just in the prefect spot. That news alert sent it straight into the net. Been trading this pair with small amounts. My plan is to trade from the bottom,thinking 148 etc Just buys right to 164 etc same with AUS etc Thinking long term trades which creep up to thousands etc Playing it safe for now as loaded to the max with YEN pairs
i see your a guy with a sense of humour..nice to see such folks in da cable thread
  • #344,005
  • Jul 17, 2013 4:31pm Jul 17, 2013 4:31pm
1hr is in a general uptrend, probably 4hr too now, last few fractal swing prints on daily off the 4811 LL have been a LH, HL now a H (although this H above the LH not fractal yet)...so some signs of strength extending to the daily. Likely bullish close on the daily today.

Uk retail sales data tomorrow at 0930am London...previous +2.1%, against a +0.8% forecast that time...this forecast is +0.2% so may see some upside gain on the knee-jerk (+?) if another substantially better print comes out, conversely could see a downside reaction on the knee-jerk (+?) if print is lower than the forecast. It's data so anything can happen - but these are the most likely reactions given the scenarios described.

23.6% 6746-4811 with the 61.8% of the nearer 5531-4811 swing and 100sma on the daily @/around the current hi.

G/L
ex member
  • #344,006
  • Jul 17, 2013 10:08pm Jul 17, 2013 10:08pm
Well I see 4H bearish divergence. Seeing as we have yet to break 1.53, this may be a 38.2 retracement for further down move.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 18 July 2013 Bearish Divergence.png Size: 91 KB
A 1 pip gain is better than a 1 pip loss.
  • #344,007
  • Jul 17, 2013 11:13pm Jul 17, 2013 11:13pm
Bat pattern and divergence. Bearish confirmation?
Attached Image
  • #344,008
  • Jul 17, 2013 11:59pm Jul 17, 2013 11:59pm
Quoting lama
Bat pattern and divergence. Bearish confirmation? {image}
it looks like an african butterfly pattern to me.
  • #344,009
  • Jul 18, 2013 2:45am Jul 18, 2013 2:45am
Quoting lama
Bat pattern and divergence. Bearish confirmation? {image}
Also looking to short - below 1.51500 level - confirmation would be hourly close below.
Attached Image
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  • #344,010
  • Jul 18, 2013 2:49am Jul 18, 2013 2:49am
Quoting Robot
{quote} it looks like an african butterfly pattern to me.
no its not butterfly its Bat bats are scary and ugly
  • #344,011
  • Jul 18, 2013 2:51am Jul 18, 2013 2:51am
Bearish so far today, with price finding some support just at the previous 1hr/minor 4hr swing lo zone with fib (see 1hr below)..will Uk retail sales data move it ? - just over 30mins to find out.

G/L

Quoting bbmac
1hr is in a general uptrend, probably 4hr too now, last few fractal swing prints on daily off the 4811 LL have been a LH, HL now a H (although this H above the LH not fractal yet)...so some signs of strength extending to the daily. Likely bullish close on the daily today. Uk retail sales data tomorrow at 0930am London...previous +2.1%, against a +0.8% forecast that time...this forecast is +0.2% so may see some upside gain on the knee-jerk (+?) if another substantially better print comes out, conversely could see a downside reaction on the knee-jerk...
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 86 KB
ex member
  • #344,012
  • Jul 18, 2013 2:56am Jul 18, 2013 2:56am
Quoting lama
{quote} no its not butterfly its Bat bats are scary and ugly
yes like batman..
when GOD brings you a challenge he also gives you the power to deal with it
  • #344,013
  • Jul 18, 2013 3:08am Jul 18, 2013 3:08am
Keeping an eye out for any bullish signs from 5120 area during US session.
Come with me if you want to live....
  • #344,014
  • Jul 18, 2013 3:34am Jul 18, 2013 3:34am
what's up with news ?? i bought @ 5201 TP 5231
  • #344,015
  • Jul 18, 2013 3:38am Jul 18, 2013 3:38am
Quoting nclabz
what's up with news ?? i bought @ 5201 TP 5231
same as excepted 0.2
when GOD brings you a challenge he also gives you the power to deal with it
  • #344,016
  • Jul 18, 2013 3:38am Jul 18, 2013 3:38am
Uk retail sales m/m print right on +0.2% forecast...knee-jerk upside reaction to 5207 hi...now a pullback ? or more ? or will move be sustained ?

G/L
ex member
  • #344,017
  • Jul 18, 2013 3:47am Jul 18, 2013 3:47am
my targets at 1.5215
Forex Learner
  • #344,018
  • Jul 18, 2013 3:50am Jul 18, 2013 3:50am
Quoting bbmac
Uk retail sales m/m print right on +0.2% forecast...knee-jerk upside reaction to 5207 hi...now a pullback ? or more ? or will move be sustained ? G/L
Seems like its over. I hope this bugger just drops dead all the way to 1.48
A 1 pip gain is better than a 1 pip loss.
  • #344,019
  • Jul 18, 2013 3:56am Jul 18, 2013 3:56am
Quoting rkr81
my targets at 1.5215
Unemployment Claims US will help you..
  • #344,020
  • Jul 18, 2013 3:56am Jul 18, 2013 3:56am
Quoting aeternum
{quote} Seems like its over. I hope this bugger just drops dead all the way to 1.48

well so far every time the mofo falls 50% fib its bought..people are buying the dips..
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