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Cable Update (GBPUSD)

  • #344,461
  • Jul 30, 2013 1:09pm Jul 30, 2013 1:09pm
Quoting eitan1010
well good forecast for me for today..http://www.forexfactory.com/showthre...46#post6855346
good one bro!
  • #344,462
  • Jul 30, 2013 1:28pm Jul 30, 2013 1:28pm
Quoting nAVIN2007
{quote} good one bro!
tnx buddy
when GOD brings you a challenge he also gives you the power to deal with it
  • #344,463
  • Jul 30, 2013 3:14pm Jul 30, 2013 3:14pm
Generally set my TP about 50% for these patterns, could end up around here soon... But I just woke up and saw decent profit with a chance to get a better short entry. Sidelined my short for right now hoping for 1.528 with some further bearish indications.
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Fall down 7 times, Stand up 8.
  • #344,464
  • Jul 30, 2013 3:54pm Jul 30, 2013 3:54pm
Quoting str33t
Generally set my TP about 50% for these patterns, could end up around here soon... But I just woke up and saw decent profit with a chance to get a better short entry. Sidelined my short for right now hoping for 1.528 with some further bearish indications. {image}
Nice, if shorting, PA around 5280 is good to watch to retest the broken TL.
Decent support around that 50 fib for TP if it continues down.
Come with me if you want to live....
  • #344,465
  • Jul 30, 2013 4:29pm Jul 30, 2013 4:29pm
That's what I'm watch in too, I'd feel a bit silly if the downward trend kicks back in.. but oh well.. haha
Fall down 7 times, Stand up 8.
  • #344,466
  • Jul 30, 2013 4:42pm Jul 30, 2013 4:42pm
Quoting lebleup
{quote} xxxxxxxxxxx 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.
ok , have been all in check & balance , one up as other down, all down regarding usd but up & down also in those in the down track relative to each other also & in different times & different ways & the play continue .

Note : eur & gbp got life for 1 small leg up so soon /crazily as u can see in euraud & gbpaud charts & so actually both ecb & boe acting in the die hard plan simultaneously though intervention ,manipulation or any conventional or unconventional tactics ?? and wanted divergence in the market with what ? commodities or usd alone with only gbp recovering the recession !! with only a double bottom formation !! anyway nothing should be enough , market will take its path in time .
take care
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,467
  • Edited 11:56pm Jul 30, 2013 11:35pm | Edited 11:56pm
Morning , present situation cable , crazy weekly tf not trouble perhaps & soon, more turmoils likely though all around but failure at the corner , today signal likely> price close below 5218 or 5109 not exact either , above good for the worst ok.
daily/h4 doing well with pa .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,468
  • Jul 31, 2013 12:48am Jul 31, 2013 12:48am
???

Quoting iqyu5an
=== 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 % {quote} {image}
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not euphoria follower
  • #344,469
  • Jul 31, 2013 12:53am Jul 31, 2013 12:53am
this is my view
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  • #344,470
  • Jul 31, 2013 1:55am Jul 31, 2013 1:55am
1.5155 next up here 1.5240/1.5285/1.5333 all now strong resistance
Loser trying to become a winner!
  • #344,471
  • Jul 31, 2013 2:14am Jul 31, 2013 2:14am
My EURGBP trade from last week has played out well with risking just 20 pips for 120 pips gain now.

http://www.forexfactory.com/showthre...48#post6857148
  • #344,472
  • Jul 31, 2013 2:29am Jul 31, 2013 2:29am
Quoting MyOpinion
1.5155 next up here 1.5240/1.5285/1.5333 all now strong resistance
How do you know these three levels are strong resistance, when they haven't been tested yet.
It looks like gbp is going down to find a support, then when it reaches those prices and resist , we can come to the conclusion they are strong resistance.

for now the only strong resistance we know is 1.5400
"be content with your pay" - John the Baptist
  • #344,473
  • Jul 31, 2013 2:57am Jul 31, 2013 2:57am
Quoting Makavell
Ok, buying cable now at current price 1.5296 target 1.5392
Bought more cable at 1.5226 target still 1.5392
  • #344,474
  • Jul 31, 2013 3:23am Jul 31, 2013 3:23am
GU M15

what say you Mr.Market?
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  • #344,475
  • Jul 31, 2013 3:31am Jul 31, 2013 3:31am
long 5214 MA 100 h4 and rsi 14 (27.xxx) and stochastic 5,3,3 (8.xxx) oversold
  • #344,476
  • Jul 31, 2013 3:43am Jul 31, 2013 3:43am
Quoting chazzle
GU M15 what say you Mr.Market? {image}
sorry, what was that? You're breaking up ...
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  • #344,477
  • Edited 4:06am Jul 31, 2013 3:55am | Edited 4:06am
Look at the USDX weekly chart, the drop in cable clearly isn't due to USD strength.
EURGBP chart shows that EURGBP buying was the drive for cable to drop, however we have reached the top of the falling channel and supply zone so umm....
Cable weekly chart shows we are on track to engulfing last week's green bar, but who knows where it is gonna close.

Cable is a very sadistic pair, and I can't stop thinking whether this week's drop is some kind of set up -- those big london pirahas drop cable to a certain level, scare the weak ones off and lure greedy bears in, then they buy the shit out of it...

Anything can happen
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  • #344,478
  • Jul 31, 2013 4:03am Jul 31, 2013 4:03am
For a trader like me who takes 80% of his entries on the 5min or below - the monthly is somewhat irrelevant but it could be an interesting close of this monthly candle today nevertheless.

G/L
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ex member
  • #344,479
  • Jul 31, 2013 4:09am Jul 31, 2013 4:09am
5198 the current daily lo which is @ the 100sma on 4hr, with 3 x fibs @ /around too incl 38.2% 4811-5751 and in a previous 1hr swing lo zone from last Friday...bids touted there earlier...bounce up from there but sell the rally supply @ / around 23.6% 5353-5198.

Yesterday a bearish thrust b/o of last HL resulted on the daily and so far today a downside follow thru on that candle.

G/L
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ex member
  • #344,480
  • Jul 31, 2013 4:18am Jul 31, 2013 4:18am
The 1hr shows the potential technical upside obstacles

G/L
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ex member
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