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Cable Update (GBPUSD)

  • #345,841
  • Aug 27, 2013 12:07am Aug 27, 2013 12:07am
Maybe if we get over 5590, then north will progress.
There's always money in the banana stand.
  • #345,842
  • Aug 27, 2013 12:13am Aug 27, 2013 12:13am
Quoting LizardGizzard
Maybe if we get over 5590, then north will progress.
I am still not convinced by ANY bullish run on the GBPUSD under 1.56-1.57 levels.. the GBPUSD is overdue for a correction down.
and i havent been wrong for a long time when a correction is well under way.... hard for the GBPUSD to reverse against me when the correction is just beginning....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,843
  • Aug 27, 2013 12:21am Aug 27, 2013 12:21am
It all depends on the timeframe as well. I am trading the 15M timeframe. One has to trade on ONE and ONE timeframe only in my opinion.
There's always money in the banana stand.
  • #345,844
  • Aug 27, 2013 12:24am Aug 27, 2013 12:24am
Quoting LizardGizzard
It all depends on the timeframe as well. I am trading the 15M timeframe. One has to trade on ONE and ONE timeframe only in my opinion.
im trading the H4 and Daily chart, and i have to say GBPUSD is bang on over bought, i wouldnt be too surprised a sell off to happen tomorrow when GBP news comes up Pound Negative.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,845
  • Aug 27, 2013 12:27am Aug 27, 2013 12:27am
You could be right on the 4H. I'm trading a shorter TF. I will let the shorter TF tell me when she wants to go south. I will be on board either way.
There's always money in the banana stand.
  • #345,846
  • Aug 27, 2013 12:28am Aug 27, 2013 12:28am
but short term, the pound looks north.
There's always money in the banana stand.
  • #345,847
  • Aug 27, 2013 12:29am Aug 27, 2013 12:29am
If she gets over 90, that's gonna make for more continuation.
There's always money in the banana stand.
  • #345,848
  • Aug 27, 2013 12:30am Aug 27, 2013 12:30am
And she looks more north in the short term.
There's always money in the banana stand.
  • #345,849
  • Aug 27, 2013 12:33am Aug 27, 2013 12:33am
Descending triangle. If she gets to 1553, I'm out.
There's always money in the banana stand.
  • #345,850
  • Aug 27, 2013 12:35am Aug 27, 2013 12:35am
Just thinking she'll get over 5590. Then smooth sailing north for a while.
There's always money in the banana stand.
  • #345,851
  • Aug 27, 2013 12:49am Aug 27, 2013 12:49am
Technical GU analysis 27,August,2013:
-D1:
By counting EW,I think we're in sub-wave iii of wave down 3!We expect PA will go down to 1,42000 or lower!This variant count only is invalid if PA break up 1,57252.A pinbar formed rejecting the supply zone on 21-08.Addtionally,we can see a perfect pattern AB=CD that reinforce we're in bearish market now!Momentum in MACD start changing from up to down now!
-H4:
We can see the bearish divergence in MACD and PA closed below 20 and 50 MA now!We can look for a short around 1,5579 with target at the minor support 1,54216!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GUD127-08-2013 11-51-29 SA.png Size: 35 KB
Click to Enlarge Name: GUH427-08-2013 12-29-42 CH.png Size: 26 KB
  • #345,852
  • Aug 27, 2013 12:52am Aug 27, 2013 12:52am
Quoting Ill-b-back
{quote} Last time I checked, one did not have to be a good trader to spot and comment on traders he thought were being hippo critical. As for sticking my nose in to where it does not belong, perhaps you should aim that view and perception at yourself Davit before being critical of others for holding a bias while you yourself held a trading (short) bias. I noticed only those holding a long bias became subject to your advisory tone on the importance of not having a bias. But like I said, it was not that they held a bias that you had problems with,...
You know even if he ignored you he can logout to read your comment and log back in pretending he never read your comment as you are in his ignore list..
  • #345,853
  • Aug 27, 2013 12:58am Aug 27, 2013 12:58am
Quoting kaka_ht
Technical GU analysis 27,August,2013: -D1: By counting EW,I think we're in sub-wave iii of wave down 3!We expect PA will go down to 1,42000 or lower!This variant count only is invalid if PA break up 1,57252.A pinbar formed rejecting the supply zone on 21-08.Addtionally,we can see a perfect pattern AB=CD that reinforce we're in bearish market now!Momentum in MACD start changing from up to down now! -H4: We can see the bearish divergence in MACD and PA closed below 20 and 50 MA now!We can look for a short around 1,5579 with target at the minor support...
Good day to you, kaka_ht

thank you for your charts. Just a thought... the Bearish divergence you indicate on your 4hr may have already played out. Would you not say that the current situation is more one of possible hidden bullish divergence?

What is your opinion?

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: GUH427-08-2013 12-29-42 CH.png Size: 46 KB
  • #345,854
  • Aug 27, 2013 1:01am Aug 27, 2013 1:01am
Quoting TauTrader
{quote} Good day to you, kaka_ht thank you for your charts. Just a thought... the Bearish divergence you indicate on your 4hr may have already played out. Would you not say that the current situation is more one of possible hidden bullish divergence? What is your opinion? All the best {image}
Tau, it hasnt played out.... the bearish divergence is pointing for profit atleast BELOW the moving averages (144, 169) on the H4 chart...
also the HIDDEN Bullish divergence AFTER a Classic bearish divergence is a CONTINUATION signal for more bear to come....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,855
  • Aug 27, 2013 1:12am Aug 27, 2013 1:12am
Quoting fxtyrant
{quote} Tau, it hasnt played out.... the bearish divergence is pointing for profit atleast BELOW the moving averages (144, 169) on the H4 chart... also the HIDDEN Bullish divergence AFTER a Classic bearish divergence is a CONTINUATION signal for more bear to come....
Good day to you, fxtyrant

OK - thank you

All the best
  • #345,856
  • Aug 27, 2013 1:14am Aug 27, 2013 1:14am
Anyways.... EURUSD on its way down, GBPUSD lagging behind on the drop but Hints of GBPUSD fall is seen on GBPJPY.....
boy am i stacking up the profits....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,857
  • Aug 27, 2013 1:26am Aug 27, 2013 1:26am
gnbp up for a while
There's always money in the banana stand.
  • #345,858
  • Aug 27, 2013 1:32am Aug 27, 2013 1:32am
Quoting LizardGizzard
gnbp up for a while
Sure....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,859
  • Aug 27, 2013 1:55am Aug 27, 2013 1:55am
Quoting LizardGizzard
gnbp up for a while
Still going up??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,860
  • Aug 27, 2013 1:59am Aug 27, 2013 1:59am
Quoting fxtyrant
{quote} Still going up??
why not??? maybe for next 4 hr
even better than mama
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