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Cable Update (GBPUSD)

  • #344,621
  • Aug 2, 2013 10:08am Aug 2, 2013 10:08am
Quoting Emanuel
{quote} Your face certainly is ! Yes there are, I've witnessed them.

yur funny
what is a blimp?? prove it ...where, how, when?

ps:- i hope i blow yur account
  • #344,622
  • Edited 10:59am Aug 2, 2013 10:42am | Edited 10:59am
Not checked the chart or any news in the internet today as sleeping non-stop , only tv news following at time from bed.
Sudden rebound all , gu before 5028 breaks > certainly bad news or crazy action working for sure , hope not that success & for long time to continue .limits for up goes 5176 & 15 > down to go up again if !!
lets see .

similarly gold break by 1295 ok but not limit 1267 to go up if wants to , so it is just a correction to go further down waited for, at least bottom forming!!

Interesting eu , did not start the down still & lets see it down for all & lead the market next , break min 3166 to start & 1st confirmation 2993 breaks .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,623
  • Aug 2, 2013 11:18am Aug 2, 2013 11:18am
Fed dude and to talk, hope he gets this GU moving south again by saying something stupid.
  • #344,624
  • Edited 2:57pm Aug 2, 2013 2:36pm | Edited 2:57pm
So support at 5100 held (around 50% 4811-5434) and a strong upside react on NFP release that followed an upside react on earlier Uk Construction PMI...initial NFP react encountered supply @ 5275 but found buy the dip buyers at 5212 to take it up to 61.8% of 5434-5101 - top of that previous 4hr/daily swing lo zone which indeed has so far seen SBR (support becomes resistance) as there has been some supply at that current and likely Hi of the day pushing price down off the hi.

Almost certainly a bullish daily candle close will result then and possibly even a thrust candle....bullishly engulfing the previous 2 x bearish bodied candles very likely on this daily t/f. Today's upside move certainly puts a different complexion now on the likely weekly candle close which is looking very hammer-esq a couple of hours away from the weekly close.

Daily is more difficult to read now re opa conditions and today's candle doesn't create a fractal swing yet but when it does develop it will be a a L....so some relief to the recent newly established uptrend on that t/f after the sell-off from the first HH below the last HL. Weekly/Monthly remain ranging re opa (overall price action.)

Likely 159% of 20 day atr achieved today by price and 111% of 20 week atr this week. So far this month - 40% of 20 month atr covered by price.

1Hr below shows the near-term potential upside obstacles

G/L
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ex member
  • #344,625
  • Aug 2, 2013 9:38pm Aug 2, 2013 9:38pm
Quoting fontu
Not checked the chart or any news in the internet today as sleeping non-stop , only tv news following at time from bed. Sudden rebound all , gu before 5028 breaks > certainly bad news or crazy action working for sure , hope not that success & for long time to continue .limits for up goes 5176 & 15 > down to go up again if !! lets see . similarly gold break by 1295 ok but not limit 1267 to go up if wants to , so it is just a correction to go further down waited for, at least bottom forming!! Interesting eu , did not start the down still & lets see...

Hi fontu,

Im expecting that the next factor effecting markets will be the Euro weakening across the board. Im waiting patiently for this and expect it to be in full swing through September to coincide with the German elections and just after (but hoping for it to commence sooner).

If the highs of the week hold into early next week then we may have seen a short term top in the Euro and we will be presented with solid opportunities shorting the Euro against the pound, dollar and others (even the Kiwi and Aussie).

I already started adding short euro positions on EA, EN, EC and will sell any price on Eurodollar above 1.33 early next week.

Good luck everyone. Best wishes to you all
Money never sleeps...
  • #344,626
  • Aug 2, 2013 9:42pm Aug 2, 2013 9:42pm
Cable is all over the place right now and my bearish sentiment that has lasted the whole year so far is diminishing every week. Improving data and fundamentals could shift to bring the pound almost at a possibility of a recovery against most pairs.

I see both the Dollar and GBP as having improving outlooks over the medium term and for this reason have stayed away from cable trades.
Money never sleeps...
  • #344,627
  • Aug 2, 2013 9:44pm Aug 2, 2013 9:44pm
Quoting bbmac
So support at 5100 held (around 50% 4811-5434) and a strong upside react on NFP release that followed an upside react on earlier Uk Construction PMI...initial NFP react encountered supply @ 5275 but found buy the dip buyers at 5212 to take it up to 61.8% of 5434-5101 - top of that previous 4hr/daily swing lo zone which indeed has so far seen SBR (support becomes resistance) as there has been some supply at that current and likely Hi of the day pushing price down off the hi. Almost certainly a bullish daily candle close will result then and possibly...

Always high quality posts BB, appreciate the time it must take to write them.
Money never sleeps...
  • #344,628
  • Edited 6:13am Aug 3, 2013 6:00am | Edited 6:13am
Quoting inpatient
{quote} Hi fontu, Im expecting that the next factor effecting markets will be the Euro weakening across the board. Im waiting patiently for this and expect it to be in full swing through September to coincide with the German elections and just after (but hoping for it to commence sooner). If the highs of the week hold into early next week then we may have seen a short term top in the Euro and we will be presented with solid opportunities shorting the Euro against the pound, dollar and others (even the Kiwi and Aussie). I already started adding short...

Thanks ,,yeah we are at a top of whatever smaller wave is . all higher tf now trying it up , likely with every down they should signal opposite as time goes & ultimately the lowest/lower tf will run the market to something new & the future to be created from immediate past not past history,s all the time . Without breaking 5028 hope not the daily candle or weekend buyers can change anything in gu , should have come back to that level & break before the more correction up > now only crazy doing top formation/pullback & yes 3360 , top 3435 breaks for more crazy up also ok .Anyway breaking 5435 & 5102 both should be tough but the later test/limit first likely before crazy up if .


Monthly to try recover the sellers wick at top as it recent & then buyers at down wick again to play , that is monthly ranging plays expecting for about 3 months before the decision .
smaller tf pa in my previous post already .
lets see , thanks , take care
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,629
  • Aug 3, 2013 10:12am Aug 3, 2013 10:12am
Good day to you,

Looking at my charts - I'm currently in a few shorts.. BUT, I am also contemplating building a long.. so..

I will soon enter a few longs as well with a target of 1.5901 before I die.

Will pop in from time to time to record progress.

All the best
  • #344,630
  • Aug 3, 2013 10:43am Aug 3, 2013 10:43am
Quoting TauTrader
Good day to you, Looking at my charts - I'm currently in a few shorts.. BUT, I am also contemplating building a long.. so.. I will soon enter a few longs as well with a target of 1.5901 before I die. Will pop in from time to time to record progress. All the best
Good day,

sorry - herewith chart
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  • #344,631
  • Aug 3, 2013 6:35pm Aug 3, 2013 6:35pm
2012 low
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not euphoria follower
  • #344,632
  • Aug 3, 2013 6:39pm Aug 3, 2013 6:39pm
Quoting iqyu5an
2012 low {image}

I think a very good chart and indicative of what is likely.

still not one for me to trade though but never the less a great simple chart showing a good overall picture of what has happened (or happening)
Money never sleeps...
  • #344,633
  • Aug 3, 2013 6:50pm Aug 3, 2013 6:50pm
TQ just for fun in the weekend buddy..

gonna take a bit serious in lower TF in next working days...

modelling is modelling .. PA is PA .

gonna take the opportunity ( whatever it is ) once confirmation got clear

happy weekend to you all ...



Quoting inpatient
{quote} I think a very good chart and indicative of what is likely. still not one for me to trade though but never the less a great simple chart showing a good overall picture of what has happened (or happening)
not euphoria follower
  • #344,634
  • Aug 3, 2013 8:15pm Aug 3, 2013 8:15pm
If we break down this coming week, 4960-70 76fib/support is a nice ABCD buy zone.
This good news Pound buying pressure this past week is quite indicative.
Come with me if you want to live....
  • #344,635
  • Aug 3, 2013 8:22pm Aug 3, 2013 8:22pm
Quoting TauTrader
{quote} Good day, sorry - herewith chart {image}
1.59xx? of course, not that its not possible
  • #344,636
  • Aug 3, 2013 8:28pm Aug 3, 2013 8:28pm
the MAs tells me just a little that the buy impulse might be forming to consolidation. unless a decent PA will for this monday, i might sit tight for a few hours. but thats me
  • #344,637
  • Aug 3, 2013 9:45pm Aug 3, 2013 9:45pm
Quoting iqyu5an
2012 low {image}
Very nice chart, simple and clear...
  • #344,638
  • Aug 3, 2013 10:01pm Aug 3, 2013 10:01pm
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  • #344,639
  • Aug 3, 2013 10:19pm Aug 3, 2013 10:19pm
???
Quoting alexrazon
{image}
Attached Image (click to enlarge)
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not euphoria follower
  • #344,640
  • Aug 3, 2013 10:22pm Aug 3, 2013 10:22pm
hi dude how r u there ??

-----------------------
iseng ae iku ker..dolanan taktituk..gano gawean dino minggu hahahha


Quoting Red Alert
{quote} Very nice chart, simple and clear...
not euphoria follower
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