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Cable Update (GBPUSD)

  • #344,421
  • Edited 5:10am Jul 30, 2013 4:58am | Edited 5:10am
Quoting fontu
Just Monday ranging to spike up /down update , ok as per previous , little bullish tone remain intact & playing also , 5576 probable but double top most likely for the crush just as start , min to maxi if latter . So 5435 as important top & then for crush starts go to 5365 as early start then 5356 & 45 intermediate & then 5263 & 5221 as final mini crush .. gold also same ,up next top 1344/7 to 1366( 1414,23 & 88 perhaps waiting also but should be after bottom play ) , for down breaks 1295 to 1267 ( they remain as easy targets ) & breaks also . Though...
Just update : 5263 to approach , 5289 should be some reaction area.
gold broken 1323 for next 1308 & 1300 test to break for 1267 ( as a break level & now become target 2, 1 being 1289 scalping) if can break 1293 easily or next after bounce up again .
eu , still to break 3239 & 3166 to start.
take care
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,422
  • Jul 30, 2013 4:58am Jul 30, 2013 4:58am
Quoting xau
Can't say if this is logical way to draw, what do you think about triangle and its break target? {image}
i dont see a triangle in PA only yur lines..
  • #344,423
  • Jul 30, 2013 5:07am Jul 30, 2013 5:07am
Ok, buying cable now at current price 1.5296 target 1.5392
  • #344,424
  • Jul 30, 2013 5:08am Jul 30, 2013 5:08am
Lets see if 1.5285 holds if not 1.5240 up next... then 1.5155.... 1.5333 now resistance
Loser trying to become a winner!
  • #344,425
  • Jul 30, 2013 5:15am Jul 30, 2013 5:15am
Maybe you are right nAVIN, tho i have no doubt about your screening time is more longer on cable than mine and you see it differently from your experience.
  • #344,426
  • Jul 30, 2013 5:31am Jul 30, 2013 5:31am
Quoting xau
Maybe you are right nAVIN, tho i have no doubt about your screening time is more longer on cable than mine and you see it differently from your experience.
for me there needs to be compression, price needs to be squeezed..the pattern doesnt matter to me..but i need to see the squeeze and breakout and i dont see that..however u have a great entry and it is moving great for u..

thats what counts..i also may not be able to see what u are seeing because i simply cannot see and u can

if its a triangle yur projection target is worked out well

this is an example of compression and breakout..not actually a triangle formation but there is compression and when that is there the breakout has a follow through
Attached Image (click to enlarge)
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  • #344,427
  • Jul 30, 2013 5:52am Jul 30, 2013 5:52am
Quoting nAVIN2007
{quote} for me there needs to be compression, price needs to be squeezed..the pattern doesnt matter to me..but i need to see the squeeze and breakout and i dont see that..however u have a great entry and it is moving great for u.. thats what counts..i also may not be able to see what u are seeing because i simply cannot see and u can if its a triangle yur projection target is worked out well this is an example of compression and breakout..not actually a triangle formation but there is compression and when that is there the breakout has a follow...
yes,this example explains compression very good, now in my posted chart it seems not that case. will need to dig deeper into compression theory, i think this is essential for spotting good trade opportunities. thanks nAVIN
  • #344,428
  • Jul 30, 2013 5:56am Jul 30, 2013 5:56am
Quoting xau
{quote} yes,this example explains compression very good, now in my posted chart it seems not that case. will need to dig deeper into compression theory, i think this is essential for spotting good trade opportunities. thanks nAVIN

yur welcome, yes..its actually common sense..the bigger the compression..eventually the breakout will lead to a greater probability specifically if its in the direction of the immediate trend
  • #344,429
  • Jul 30, 2013 7:57am Jul 30, 2013 7:57am
Anyone speculating this could go back to 1.5400 ?
"be content with your pay" - John the Baptist
  • #344,430
  • Jul 30, 2013 8:48am Jul 30, 2013 8:48am
Quoting dormin
Anyone speculating this could go back to 1.5400 ?
my view..down down..
Attached Image (click to enlarge)
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when GOD brings you a challenge he also gives you the power to deal with it
  • #344,431
  • Jul 30, 2013 8:51am Jul 30, 2013 8:51am
Quoting Fx-gtg
{quote} 1.5283 will be attacked soon. if it doesnt recover in 1hr 4hr to last week highs
my words 20 hours ago
  • #344,432
  • Jul 30, 2013 8:52am Jul 30, 2013 8:52am
Quoting Fx-gtg
{quote} my words 20 hours ago

cool bro!!
when GOD brings you a challenge he also gives you the power to deal with it
  • #344,433
  • Jul 30, 2013 9:18am Jul 30, 2013 9:18am
Quoting dormin
Anyone speculating this could go back to 1.5400 ?
If it does, the shorts will be piling into it.
It's the simple things in life that have the most powerful meaning.
  • #344,434
  • Jul 30, 2013 9:26am Jul 30, 2013 9:26am
taking a chance here:_ exit the short ..long position im holding
  • #344,435
  • Jul 30, 2013 9:40am Jul 30, 2013 9:40am
Quoting nAVIN2007
taking a chance here:_ exit the short ..long position im holding

You are a brave man Navin. Closing shorts is a high risk action I would see at least 1.515 tomorrow on FED
  • #344,436
  • Jul 30, 2013 9:49am Jul 30, 2013 9:49am
Quoting Maso
{quote} You are a brave man Navin. Closing shorts is a high risk action I would see at least 1.515 tomorrow on FED

yeah i know, prehaps stupid..but gold for me is a bull and dollar will have a lot to do to give a bullish monthly close
but weekly cable is very bad
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 72 KB
  • #344,437
  • Jul 30, 2013 9:53am Jul 30, 2013 9:53am
Quoting Makavell
Ok, buying cable now at current price 1.5296 target 1.5392
  • #344,438
  • Jul 30, 2013 10:02am Jul 30, 2013 10:02am
Quoting nAVIN2007
{quote} yeah i know, prehaps stupid..but gold for me is a bull and dollar will have a lot to do to give a bullish monthly close but weekly cable is very bad {image}
Why not this:

Attached Image (click to enlarge)
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It seems that cable is at the beginning of another SINK. A sharp sink
  • #344,439
  • Jul 30, 2013 10:05am Jul 30, 2013 10:05am
Quoting Maso
{quote} Why not this: {image} It seems that cable is at the beginning of another SINK. A sharp sink

might happen..
  • #344,440
  • Edited 10:24am Jul 30, 2013 10:13am | Edited 10:24am
Quoting Maso
{quote} Why not this: {image} It seems that cable is at the beginning of another SINK. A sharp sink
Sure , very possible & expecting this only perhaps , monthly close below 5108 & hold to go previous low & continue anf delay with my diamond formation theory price may play around 5108 for more 3 months to decide next crush .

very eary stage of the movements, in smaller tf still to break 5028 & 4813 to confirm.others 5221 & 5168 breaks

the picture again & many may not like all in advance !!
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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