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Cable Update (GBPUSD)

  • #344,361
  • Jul 26, 2013 10:21am Jul 26, 2013 10:21am
Quoting iqyu5an
. {image}

Very nice graph

Mr cable is going to the lake
  • #344,362
  • Jul 26, 2013 10:32am Jul 26, 2013 10:32am
just for fun mate ...... less stress )

Quoting Maso
{quote} Very nice graph Mr cable is going to the lake
not euphoria follower
  • #344,363
  • Jul 26, 2013 10:40am Jul 26, 2013 10:40am
Update : progress ok positive but not any real yet , market very tired to have any decision today & hence should close as such , no decision for next play > without break the limit for up 5345 or breaks the top also .as very nearer to 45 ,can break also with pudendal block the bull & go for final confirmation for down today if possible 5221 . again if market want confusion us then daily may over 5363.
so breaks 5345 is the intial signal for the down next week.
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,364
  • Jul 26, 2013 11:24am Jul 26, 2013 11:24am
Quoting Maso
{quote} I've always seen that when you all think bullish it sinks
And I've lost count of the number of times it has lifted when you thought it would sink
Come with me if you want to live....
  • #344,365
  • Jul 26, 2013 3:22pm Jul 26, 2013 3:22pm
Quoting iqyu5an
. {image}


that was also a reason why i sold..
  • #344,366
  • Jul 26, 2013 3:24pm Jul 26, 2013 3:24pm
Quoting Pumpndump
{quote} Then good sir please tell me do you think the top of the daily clouds is a good target from here in terms of % Orr or what you will? As if you can provide good logic I will buy a dip. Like you I've been playing a bullish divergence for what seems like an age. edit : apologies I am slathered, cognac would have got better of me, I meant weekly.

look at yur chart..and tell me why u would buy and not consider sell.. also look at the bull run and stall location..it is completely logic to consider a sell..

u also have no news on gbp , so why should it break above
  • #344,367
  • Jul 26, 2013 4:08pm Jul 26, 2013 4:08pm
Check out 5350 on the weekly and long term monthly chart.
Connect the daily highs for the tops of April/May and let it extend through to current position.
Quite a strong close from my perspective considering our apparent tech sell position.
This months close important.
Come with me if you want to live....
  • #344,368
  • Edited 4:39pm Jul 26, 2013 4:17pm | Edited 4:39pm
Bearish bodied spinning top (esq) candle on the daily resulted Friday with a low pip range only 43% of the 20 day atr. Low pips range too this week at only 61% of the 20 week atr but so far in July 122% of the 20month atr has been covered.

Weekly Hi breeched the 61.8% of the 5751-4811 move but no close above it, and similarly no weekly candle close (bullish candle with longer upper than lower wick) above the 38.2% of the longer 6349-4811 swing yet although it was breeched to the upside too...actually that weekly hi (5434) was @/around the 85.4% of the 5531-4811 swing.

Daily has now seen 2 x fractal HL's and a fractal HH at the weekly hi.

So, technically per overall price action analysis - daily is in an uptrend, weekly is ranging with recent signs of strength and monthly too is ranging.

A lot of talking heads calling a top now in this pairing ?

G/L
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ex member
  • #344,369
  • Jul 26, 2013 5:01pm Jul 26, 2013 5:01pm
The bull tone remain intact , the last leg up in the last smaller leg up not completed by making at least a double top or breach 5345 ( my previous H4 chart) . weekly should be happy with 3 candles up but the 4rth will be decision making . Now tf there is divergence & not supporting well this bull well . Anyway , this month can take more up & the correction taking more time pass & resistance to crush , so when will actually will crush altogether , 1 step done > ab & go no/rudimentary c up!!
Monthly perhaps developing good diamond like swings , can take 3 more months to break & decide actually , like developing the bottom to real try up or great failure to down start!!
Lets see .
fontu .
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,370
  • Jul 27, 2013 1:35am Jul 27, 2013 1:35am
not clear
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  • #344,371
  • Jul 27, 2013 3:11am Jul 27, 2013 3:11am
Scaling into shorts from here. Expecting wave up to flush out weak shorts (156.00 head and shoulders even possible) but the charts read down medium term. Next major down wave should be 3 of 3 of 5. Not one to miss.
  • #344,372
  • Edited 3:40am Jul 27, 2013 3:27am | Edited 3:40am
Quoting bbmac
Weekly Hi breeched the 61.8% of the 5751-4811 move but no close above it, and similarly no weekly candle close (bullish candle with longer upper than lower wick) above the 38.2% of the longer 6349-4811 swing yet although it was breeched to the upside too...actually...
[highlight=rgba(255, 255, 255, 0)]I'm totally agree with you[/highlight]
God, i love, how i'm trade!!!
  • #344,373
  • Jul 27, 2013 5:56am Jul 27, 2013 5:56am
Quoting nAVIN2007
not clear {image}
should be as there remain great differences between immediate limits up & down & then next levels limit to all up & down targets also. Though as in monthly tf & not doing trades as per but now only this tf trying hold price still up within consolidation but not doing any great for sure except a d bottom to stagger for few months & time consumption.

The confusion may not be over until the targets any reach !!!
market is doing through all fun & fantasy !!
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,374
  • Jul 28, 2013 4:52am Jul 28, 2013 4:52am
???
not euphoria follower
  • #344,375
  • Jul 28, 2013 8:18am Jul 28, 2013 8:18am
Quoting TauTrader
Good day, Self explanatory. {image}
Good day to you,

Closing all longs when market opens. Hoped for a little more - but range low. Will see if the bearish movement on EJ and Dragon ends up a bear trap over Monday/Tuesday and may trade that.

All the best
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  • #344,376
  • Jul 28, 2013 10:08am Jul 28, 2013 10:08am
Quoting Ill-b-back
{quote} And I've lost count of the number of times it has lifted when you thought it would sink

Maso wakes every morning and is shocked that even the sun has risen.

Love that guy and his bearish predictions.
Money never sleeps...
  • #344,377
  • Jul 28, 2013 5:15pm Jul 28, 2013 5:15pm
Quoting inpatient
{quote} Maso wakes every morning and is shocked that even the sun has risen. Love that guy and his bearish predictions.
lol.. Funny mate.
Come with me if you want to live....
  • #344,378
  • Jul 28, 2013 5:54pm Jul 28, 2013 5:54pm
Quoting inpatient
{quote} Maso wakes every morning and is shocked that even the sun has risen. Love that guy and his bearish predictions.
By the looks of the H&S on the H1, well,,,, the sun might not be coming up for some. Even the ones that don't live in the UK. Ahem!
It's the simple things in life that have the most powerful meaning.
  • #344,379
  • Jul 28, 2013 7:51pm Jul 28, 2013 7:51pm
GU M5
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  • #344,380
  • Jul 28, 2013 8:06pm Jul 28, 2013 8:06pm
As for me GBP short term sell mhmm
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