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Cable Update (GBPUSD)

  • #345,921
  • Aug 27, 2013 11:05am Aug 27, 2013 11:05am
i think it's now a good time to find position for long.. if the low of the 4h hammer hold and price closed above the hammer high..
  • #345,922
  • Aug 27, 2013 12:32pm Aug 27, 2013 12:32pm
Quoting A-speculator
i think it's now a good time to find position for long.. if the low of the 4h hammer hold and price closed above the hammer high..
for scalping ok with breaks 5539 , to next if breaks 5556 then above 5612 likely again though but in higher tf 5751 intact , nor close above 5721 daily candle then 5028 & 4813 still remain favorite targets next .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #345,923
  • Aug 27, 2013 12:38pm Aug 27, 2013 12:38pm
Quoting A-speculator
i think it's now a good time to find position for long.. if the low of the 4h hammer hold and price closed above the hammer high..
May trade back to above 1.5600, as long as 1.5486 holds...

Not taking it though.

Regards
  • #345,924
  • Aug 27, 2013 12:38pm Aug 27, 2013 12:38pm
Quoting fontu
{quote} for scalping ok with breaks 5539 , to next if breaks 5556 then above 5612 likely again though but in higher tf 5751 intact , nor close above 5721 daily candle then 5028 & 4813 still remain favorite targets next . fontu {image} {image}
frankly, i'm not so sure yet of huge breakdown... currently only take downmoves as correction only..
  • #345,925
  • Aug 27, 2013 12:48pm Aug 27, 2013 12:48pm
Quoting TauTrader
{quote} May trade back to above 1.5600, as long as 1.5486 holds... Not taking it though. Regards
yups..
  • #345,926
  • Aug 27, 2013 1:43pm Aug 27, 2013 1:43pm
Quoting A-speculator
{quote} frankly, i'm not so sure yet of huge breakdown... currently only take downmoves as correction only..
That is all true , nothing is sure before it already happened but we move with possibility while in action , not see great up yet also directly even breaks 5751 ,also to 6000+ ok though as another pull back . to me this last leg up , huge for sure , an intention to divert /trend change or simple craziness may not success in the long run & bull will remain intact till 5435 not broken .it got so many chances to bull since 7-2009 & nothing great now happened to bull in this 2013!!
lets see
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #345,927
  • Aug 27, 2013 1:46pm Aug 27, 2013 1:46pm
Quoting fontu
{quote} That is all true , nothing is sure before it already happened but we move with possibility while in action , not see great up yet also directly even breaks 5751 also to 6000+ ok though . lets see fontu

I rather be down than up..i still fancy up..but i think this is a wave down..at least to test 1.53 or much lower like 1.44
im short
  • #345,928
  • Aug 27, 2013 1:51pm Aug 27, 2013 1:51pm
Quoting fontu
{quote} That is all true , nothing is sure before it already happened but we move with possibility while in action , not see great up yet also directly even breaks 5751 ,also to 6000+ ok though . to me this last leg up , huge for sure , an intention to divert /trend change or simple craziness may not success in the long run & bull will remain intact till 5435 not broken . lets see fontu
good day mate,

the thing is we are in an uptrending channel, no where yet we see price invalidates the pattern yet. and at the moment we already have a hammer in 4h and a candle closed above the high of the hammer, so i think it's already a confirmed direction in 4h (short term).
  • #345,929
  • Aug 27, 2013 1:54pm Aug 27, 2013 1:54pm
Broad basic outlook...

Regards
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  • #345,930
  • Aug 27, 2013 2:03pm Aug 27, 2013 2:03pm
Quoting TauTrader
Broad basic outlook... Regards {image}
the moment we can break 5730 area, i think we might get a very large double bottom.. it's still far tho.. just a speculation.
  • #345,931
  • Edited 2:53pm Aug 27, 2013 2:31pm | Edited 2:53pm
Quoting A-speculator
{quote} good day mate, the thing is we are in an uptrending channel, no where yet we see price invalidates the pattern yet. and at the moment we already have a hammer in 4h and a candle closed above the high of the hammer, so i think it's already a confirmed direction in 4h (short term).
for smaller move in H4 can take some here & there , still I wrote 5556 not broken yet to see any new .breaks go again to up try for sure .early start breaks limits for down 5556/60 , then 5612+5637 & last confirmation at 5717.

gu not in any uptrend after 11-2007 , rather ranging or to have a downtrend since then . also since 1-2009 in corrective phase but all along failed take any considerable resume previous trend up & now facing down trend activation or another push for any uptrend possible , confirmation only after breaks up at early 1.7042 , then 1.9337 start & confirmation with breaks 2.116 !!!! in the sky !! rather go 3485 to try again up !! all fun & imagination though .

5435 real possibility down breaks to 5417 bounce .

take care .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #345,932
  • Aug 27, 2013 3:14pm Aug 27, 2013 3:14pm
Nice bounce off the descending Jan - June TL
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Come with me if you want to live....
  • #345,933
  • Aug 27, 2013 4:20pm Aug 27, 2013 4:20pm
in the jungle, the might jungle.... the carney speaks tonight.....

Expect dovish comments to keep pressure on the GBPUSD, while market is expecting a rate rise in UK, I bet carney will be dovish and disappoint a lot of hawks in the market
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,934
  • Aug 27, 2013 5:20pm Aug 27, 2013 5:20pm
Quoting fxtyrant
in the jungle, the might jungle.... the carney speaks tonight..... Expect dovish comments to keep pressure on the GBPUSD, while market is expecting a rate rise in UK, I bet carney will be dovish and disappoint a lot of hawks in the market
I agree on the dovish stance, he has already said no rate rise until 2016 with the forward guidance statement.

But didn't cable immediately rally on the back of the guidance statement a few weeks ago.
  • #345,935
  • Aug 27, 2013 6:55pm Aug 27, 2013 6:55pm
4h seen a small doji.. cleared my long.. i'm not looking for indecision at the resistance..
  • #345,936
  • Aug 27, 2013 9:39pm Aug 27, 2013 9:39pm
Quoting neil324
{quote} I agree on the dovish stance, he has already said no rate rise until 2016 with the forward guidance statement. But didn't cable immediately rally on the back of the guidance statement a few weeks ago.
it rallied because the speculative market believed that inflation in Uk would cause interest rate to rise earlier rather than the the 2016 year BOE proposed...

a lot of these speculators who jump the gun thinking interest rate will rise is gona get burned....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #345,937
  • Aug 27, 2013 11:31pm Aug 27, 2013 11:31pm
Looking into the gold signal again in this purely scalping environment & probable head/top formation activities , there remain many chances to top play & even more whether or not breaks any or all IV limits for up in gold starting from the nearest 1412.87 to 1403.14.& so more turmoils( likely before any lethal crush if probable next> go up once for all before all down ) other pairs should happen too . let make the top , yes signal can be given before also by braking limits .Thanks ,
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #345,938
  • Aug 27, 2013 11:38pm Aug 27, 2013 11:38pm
Quoting fxtyrant
{quote} it rallied because the speculative market believed that inflation in Uk would cause interest rate to rise earlier rather than the the 2016 year BOE proposed... a lot of these speculators who jump the gun thinking interest rate will rise is gona get burned....

Good vision & market will not be able to fulfill the aspiration also , many more time to burn more & more further.No easy one day solution , should take time in reality . and why UK ,every to do that when all in a balanced mode ,out of fear of recession & interplay more calm & quite environment , tough to reach yet that level .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #345,939
  • Aug 28, 2013 12:32am Aug 28, 2013 12:32am
Quoting Tsar
{quote} Cable in H4 Chart... {image}
Update... H4 Chart
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Always looking the GREAT, never left GOOD Point...
  • #345,940
  • Aug 28, 2013 2:40am Aug 28, 2013 2:40am
managed to reverse my position (just a test position) during asian, however the confirmation of further down move will be the breakout of a major support line at about 5430..

hopefully, we won't get any reversal pattern at the support or we might get back in range again.. lol.
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