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Cable Update (GBPUSD)

  • #344,441
  • Jul 30, 2013 10:52am Jul 30, 2013 10:52am
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Click to Enlarge Name: gbpm3.png Size: 56 KB
"be content with your pay" - John the Baptist
  • #344,442
  • Jul 30, 2013 10:59am Jul 30, 2013 10:59am
if we get a mega sink. level to watch is 1.4640 wow 600 pips below where we are now.
  • #344,443
  • Jul 30, 2013 11:04am Jul 30, 2013 11:04am
Some USDX charts.
Monthly we dropped when approaching the long term downward trendline, probably we should visit the demand zone below 80 first.
Weekly umm... this week's green is still small relative to last three red bars.
Daily we dropped through the zone now we are retesting it.
We are at a very interesting level judging from USDX charts and it is difficult to just say Cable is dead. It makes sense for taking some profits ahead this week's big data&announcements due risk aversion, but premature to say that dollar is to recover its upward trajactory.
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  • #344,444
  • Jul 30, 2013 11:07am Jul 30, 2013 11:07am
Quoting Darkforce
Some USDX charts. Monthly we dropped when approaching the long term downward trendline, probably we should visit the demand zone below 80 first. Weekly umm... this week's green is still small relative to last three red bars. Daily we dropped through the zone now we are retesting it. We are at a very interesting level judging from USDX charts and it is difficult to just say Cable is dead. It makes sense for taking some profits ahead this week's big data&announcements due risk aversion, but premature to say that dollar is to recover its upward trajactory....

great charting and explanation
  • #344,445
  • Jul 30, 2013 11:24am Jul 30, 2013 11:24am
current price : 524x . where are we ? on click
not euphoria follower
  • #344,446
  • Jul 30, 2013 11:41am Jul 30, 2013 11:41am
Quoting fontu
{quote} 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 {image}
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The fact of the matter is that commodity currencies....AUD....NZD....CAD.... have been in a decline and now accelerating downwards. These lead the markets by weeks and sometimes months. Look for capitulation and the Equities markets to tank. We're right on the cusp. GBP/USD DOWN....... USD/CAD ......UP... check it out.
It's the simple things in life that have the most powerful meaning.
  • #344,447
  • Jul 30, 2013 11:41am Jul 30, 2013 11:41am
Quoting nAVIN2007
{quote} might happen..

I believe in you man
  • #344,448
  • Jul 30, 2013 11:44am Jul 30, 2013 11:44am
@ next targate 1,5160 and 1,5040 ?
  • #344,449
  • Jul 30, 2013 11:45am Jul 30, 2013 11:45am
Quoting Maso
{quote} I believe in you man

why?
  • #344,450
  • Jul 30, 2013 11:53am Jul 30, 2013 11:53am

Quoting Darkforce
Some USDX charts. Monthly we dropped when approaching the long term downward trendline, probably we should visit the demand zone below 80 first. Weekly umm... this week's green is still small relative to last three red bars. Daily we dropped through the zone now we are retesting it. We are at a very interesting level judging from USDX charts and it is difficult to just say Cable is dead. It makes sense for taking some profits ahead this week's big data&announcements due risk aversion, but premature to say that dollar is to recover its upward trajactory....
Attached Image
not euphoria follower
  • #344,451
  • Jul 30, 2013 12:03pm Jul 30, 2013 12:03pm
Quoting nAVIN2007
{quote} great charting and explanation
Thanks :=)
  • #344,452
  • Jul 30, 2013 12:08pm Jul 30, 2013 12:08pm
Quoting iqyu5an
{quote} {image}
Good alternative scenario.

I dont look at indi so div is not part of my consideration.

I just think bounce from that thick red line is bit boring and some more USD weakness would be fun.
  • #344,453
  • Jul 30, 2013 12:12pm Jul 30, 2013 12:12pm
not calculate the ratio in detail but... it's like a ....

***
obama in 45 minutes..


Quoting Darkforce
{quote} Good alternative scenario. I dont look at indi so div is not part of my consideration. I just think bounce from that thick red line is bit boring and some more USD weakness would be fun.
Attached Image (click to enlarge)
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Attached Image
not euphoria follower
  • #344,454
  • Jul 30, 2013 12:15pm Jul 30, 2013 12:15pm
Quoting iqyu5an
not calculate the ratio in detail but... it's like a .... *** obama in 45 minutes.. {quote} {image} {image}

that is pure speculation..there is no way any1 would trade such a thing for start its pre empting a reversal
  • #344,455
  • Jul 30, 2013 12:16pm Jul 30, 2013 12:16pm


===
i don't trade the news also mate ... am blind about fundamental....

pure technical ...

i don't know what gonna happen but this what i see .. double prz ( 3 drive and 5:0 bullish pattern ). could be wrong 100 %

Quoting nAVIN2007
{quote} that is pure speculation..there is no way any1 would trade such a thing for start its pre empting a reversal
Attached Image (click to enlarge)
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not euphoria follower
  • #344,456
  • Jul 30, 2013 12:23pm Jul 30, 2013 12:23pm
Quoting iqyu5an
=== i don't trade the news also mate ... am blind about fundamental.... pure technical ... {quote}

tomorrow will be interesting

Quoting nAVIN2007
{quote} its never going to be exact..we are also 50% retrace of the pin..this area is no joke i am not ignoring the pin on 1 hr chart might be a warning..USD needs to get weak if arnie gonna get his target a drop of 120 pips or so..would give weekly a completely different view ..also a pin on monthly will confuse every1..which is what im going for..think like u have the power to make the market move..to make people lose money..an play those positions going to be interesting

hrmmmm looks like it gonna materialise

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.
u now have yur answer
  • #344,457
  • Jul 30, 2013 12:26pm Jul 30, 2013 12:26pm
yeahhh.... stay away from my pc
Quoting nAVIN2007
{quote} tomorrow will be interesting
not euphoria follower
  • #344,458
  • Jul 30, 2013 12:28pm Jul 30, 2013 12:28pm
Quoting iqyu5an
yeahhh.... stay away from my pc {quote}
me too
  • #344,459
  • Jul 30, 2013 12:31pm Jul 30, 2013 12:31pm
this what i see in cable .. but not sure also .......
Quoting nAVIN2007
{quote} me too
not euphoria follower
  • #344,460
  • Jul 30, 2013 1:01pm Jul 30, 2013 1:01pm
well good forecast for me for today..http://www.forexfactory.com/showthre...46#post6855346
when GOD brings you a challenge he also gives you the power to deal with it
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