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Cable Update (GBPUSD)

  • #344,901
  • Aug 9, 2013 12:47am Aug 9, 2013 12:47am
Quoting okosodo
{quote} For how many pips?
1.5750 area is my first target, but possibly go higher to retest the most talked about broken TL I have ever witnessed around 1.59-60 or so depending on how long it takes to get there, if indeed it does.
Come with me if you want to live....
  • #344,902
  • Aug 9, 2013 12:52am Aug 9, 2013 12:52am
ok i get it now
The fragrance remains in the hands of those that gves the rose
  • #344,903
  • Aug 9, 2013 1:07am Aug 9, 2013 1:07am
Quoting Ill-b-back
{quote} 1.5750 area is my first target, but possibly go higher to retest the most talked about broken TL I have ever witnessed around 1.59-60 or so depending on how long it takes to get there, if indeed it does.

Same here. I am also expecting 1.5750.
  • #344,904
  • Aug 9, 2013 1:10am Aug 9, 2013 1:10am
Quoting Ill-b-back
{quote} If this area goes then I'm definately interested in 5360 area to buy
Hopefully there'll be any chance to reach here, I can see 54XX at most.
Believe what you see instead of what you think!
  • #344,905
  • Aug 9, 2013 1:26am Aug 9, 2013 1:26am
I am gonna sell @5415
The fragrance remains in the hands of those that gves the rose
  • #344,906
  • Aug 9, 2013 1:26am Aug 9, 2013 1:26am
Quoting JasmineQu
{quote} Hopefully there'll be any chance to reach here, I can see 54XX at most.
Is 54xx your entry or target?
Come with me if you want to live....
  • #344,907
  • Aug 9, 2013 1:31am Aug 9, 2013 1:31am
Quoting Ill-b-back
{quote} Is 54xx your entry or target?

It may just blaze through there
The fragrance remains in the hands of those that gves the rose
  • #344,908
  • Aug 9, 2013 2:57am Aug 9, 2013 2:57am
http://i39.tinypic.com/24wep82.jpg
supported by :
- daily bolinger bands
- daily stochastic
- overheated in last 2 candle (low 1.5205 high 1.5575)

  • #344,909
  • Aug 9, 2013 3:07am Aug 9, 2013 3:07am
Quoting Revalif
{image} supported by : - daily bolinger bands - daily stochastic - overheated in last 2 candle (low 1.5205 high 1.5575)

+1
  • #344,910
  • Aug 9, 2013 3:13am Aug 9, 2013 3:13am
Quoting Alanamc
{quote} Same here. I am also expecting 1.5750.
Indeed, it's in the charts
Come with me if you want to live....
  • #344,911
  • Aug 9, 2013 3:16am Aug 9, 2013 3:16am
Quoting Ill-b-back
{quote} Indeed, it's in the charts

can u show me
  • #344,912
  • Aug 9, 2013 3:16am Aug 9, 2013 3:16am
G/M,

Small range ( < 20 day atr ) bullish daily candle yesterday but with longer upper than lower wick - the pullback from yesterday's 5573 hi...pulled back to 5526 (top 1/2 that previous 1hr/minor 4hr swing hi zone that acted as support )...challenging that area again now.

4hr/daily in general opa uptrends, 1hr too but some range consolidation or more going on on that t/f now ?

Uk data @ 0930am London.

Fibs plotted from 4811 and 5026 to 5573 not shown on 1hr pic below.


G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 157 KB
ex member
  • #344,913
  • Aug 9, 2013 3:20am Aug 9, 2013 3:20am
Quoting Revalif
{image} supported by : - daily bolinger bands - daily stochastic - overheated in last 2 candle (low 1.5205 high 1.5575)
  • #344,914
  • Aug 9, 2013 3:30am Aug 9, 2013 3:30am
Quoting nAVIN2007
{quote} can u show me
Here's my view (the daily chart cuts off at the sides for some reason but you get the idea).

I won't be selling long term into this momentum.

Won't surprise me to see it go past 5750 and retest the much talked about broken TL above 5750
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 41 KB
Click to Enlarge Name: gbpusddaily.png Size: 36 KB
Come with me if you want to live....
  • #344,915
  • Aug 9, 2013 3:33am Aug 9, 2013 3:33am
Slight adjustment to the daily.
Got to go, dinner arriving soon.
Have a great weekend all
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 37 KB
Come with me if you want to live....
  • #344,916
  • Aug 9, 2013 3:33am Aug 9, 2013 3:33am
Quoting Revalif
{image} supported by : - daily bolinger bands - daily stochastic - overheated in last 2 candle (low 1.5205 high 1.5575)
lol
Loosening is not an option
  • #344,917
  • Aug 9, 2013 3:39am Aug 9, 2013 3:39am
Quoting Ill-b-back
Slight adjustment to the daily. Got to go, dinner arriving soon. Have a great weekend all {image}

im rather hoping the weekly trendline will be in the way
  • #344,918
  • Aug 9, 2013 3:51am Aug 9, 2013 3:51am
price finds support again at the previous 1hr swing lo zone - this in the previous 1hr/4hr swing hi zone (resistance became support) / 50% 5483-5573 move up probably helped by data ?....

Can the bulls build on this or is supply up there / the weekly descending t/line too strong atm ?

To upside:

[ 5555-65 weekly/daily descending t/line on Fri daily candle

[ 5563-73 prev minor 1hr/minor 4hr sw hi zone

[ 5570-79 = prev 4hr sw lo zone (non immed) incl5578 = Daily R1 & Weekly R2 @/around, and 5579= 50% 6349-4811

5602-12 prev minor 4hr sw lo zone incl 5612 = 85.4% 5751-4811



5621 Daily R2 @/around

5667-75 prev 4hr sw hi zone incl 5669 = Daily R3 @/around

5725-33-51 prev 4hr/daily/weekly swing hi zone incl 5742 = Weekly R3 @/around

5760 61.8% 6349-4811

5772 50% 6746-4811 and Monthly R2 @/around

5813-44 prev daily minor sw hi zone

5820-77prev weekly sw lo zone incl: 5861-77 prev daily minor sw hi zone



G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 161 KB
ex member
  • #344,919
  • Aug 9, 2013 4:57am Aug 9, 2013 4:57am
Attached Daily Outlook

and we have hourly close above 50% demand on the daily range,resume uptrend ?
Attached Image
If there was easy money lying around,no one would be forcing it into your
  • #344,920
  • Aug 9, 2013 5:28am Aug 9, 2013 5:28am
For me today is short day on Cable.

We have reached fib 79%. Which reacted.

USDX is looking for some kind of support which i hope he gets from 81
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013.08.09 Cable.jpg Size: 392 KB
Click to Enlarge Name: 2013.08.09 USDX.jpg Size: 180 KB
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