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Cable Update (GBPUSD)

  • #347,281
  • Sep 19, 2013 7:05am Sep 19, 2013 7:05am
Quoting nAVIN2007
{quote} if it goes higher im toast..im trading 0.5 lot pray for meh

it won't . todays data is start of the bad news for cable. cheers
  • #347,282
  • Sep 19, 2013 7:13am Sep 19, 2013 7:13am
Quoting giveachance
{quote} it won't . todays data is start of the bad news for cable. cheers

i have that feeling too..but it might simply be what i want

cheers
  • #347,283
  • Sep 19, 2013 7:16am Sep 19, 2013 7:16am
Quoting nAVIN2007
{quote} if it goes higher im toast..im trading 0.5 lot pray for meh
can't really believe that such an epic £ bull like you is actually on the bear side
well.. i admit i was buying on lows till the 1.57 then i left the thing for something else!
i believe lower levels (i mean 1.57 - 1.58) will be printed again, but with some 2-3 weeks of patience.

question is: is 1.61 actually enough?
it's a very important area (together with 1.59) and IMO is not certainly conquered as support! :nerd:
90% of traders use TA, indicators and prediction
  • #347,284
  • Sep 19, 2013 7:16am Sep 19, 2013 7:16am
Quoting Ill-b-back
Nice higher TF channel coming into view also... {image}

Lovely your Monthly Chart's, Bro

Found Perfect TRIANGLE Pattern & Harmonic Pattern
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-19_Cable in Monthly Chart.jpg Size: 81 KB
Always looking the GREAT, never left GOOD Point...
  • #347,285
  • Sep 19, 2013 7:18am Sep 19, 2013 7:18am
Quoting nAVIN2007
{quote} if it goes higher im toast..im trading 0.5 lot pray for meh
there is always up and down, up so much surely come down. Hehe...
  • #347,286
  • Sep 19, 2013 7:19am Sep 19, 2013 7:19am
Quoting Care forex
{quote} there is always up and down, up so much surely come down. Hehe...
  • #347,287
  • Sep 19, 2013 7:21am Sep 19, 2013 7:21am
Quoting Tsar
{quote} Lovely your Monthly Chart's, Bro Found Perfect TRIANGLE Pattern & Harmonic Pattern {image}
Hi Tsar, I hope you're well
Come with me if you want to live....
  • #347,288
  • Sep 19, 2013 7:27am Sep 19, 2013 7:27am
Quoting nAVIN2007
{quote} if it goes higher im toast..im trading 0.5 lot pray for meh
There's always up and then down.
  • #347,289
  • Sep 19, 2013 7:27am Sep 19, 2013 7:27am
this picture gives a better view of what i do actually thinkis a good opportunity in EUR GBP cross.

0.84 important key level in weekly chart
0.8390 strong fibo extension
0.8420 previous lower high.

so until price will keep rising, potentially we go to .8460 (nearest prev. high) or .8500 (nearest strong prev. support + fibo confluence)

let's see
Attached Image (click to enlarge)
Click to Enlarge Name: euguegbp.jpg Size: 82 KB
90% of traders use TA, indicators and prediction
  • #347,290
  • Sep 19, 2013 7:30am Sep 19, 2013 7:30am
Quoting _BBKing_
{quote} can't really believe that such an epic £ bull like you is actually on the bear side well.. i admit i was buying on lows till the 1.57 then i left the thing for something else! i believe lower levels (i mean 1.57 - 1.58) will be printed again, but with some 2-3 weeks of patience. question is: is 1.61 actually enough? it's a very important area (together with 1.59) and IMO is not certainly conquered as support! :nerd:
I cannot believe it either..
  • #347,291
  • Sep 19, 2013 7:31am Sep 19, 2013 7:31am
Quoting nAVIN2007
{quote} if it goes higher im toast..im trading 0.5 lot pray for meh
There's always up and then down.
  • #347,292
  • Sep 19, 2013 7:33am Sep 19, 2013 7:33am
Quoting Ill-b-back
{quote} Howdy PT
  • #347,293
  • Sep 19, 2013 7:33am Sep 19, 2013 7:33am
Quoting Care forex
{quote} There's always up and then down.

lets have faith..hopefully im reading the chart well..
lets get lucky
  • #347,294
  • Sep 19, 2013 7:34am Sep 19, 2013 7:34am
Quoting nAVIN2007
{quote} sup homes
  • #347,295
  • Sep 19, 2013 7:36am Sep 19, 2013 7:36am
Quoting nAVIN2007
{quote} I cannot believe it either..

90% of traders use TA, indicators and prediction
  • #347,296
  • Edited 8:28am Sep 19, 2013 7:41am | Edited 8:28am
unemployment numbers better and GB retail numbers were negative.Bears starting to wake up.
next week light news on cable which is a relief
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #347,297
  • Sep 19, 2013 7:55am Sep 19, 2013 7:55am
Quoting PoundTrader
{quote}
Come back to Cable bro, volatility has picked up since you left
Come with me if you want to live....
  • #347,298
  • Sep 19, 2013 8:20am Sep 19, 2013 8:20am
Cable: Follow up
(Link to original post :http://www.forexfactory.com/showthre...43#post6964243

As a trader, the greatest opportunities present themselves when Fundamentals and Technicals line up perfectly...

We can potentially make our year on a couple of trades...

Here is my chart, with 7 techno-fundamental reasons why I think this pair is a good candidate for a "core" long in your portfolio

In the interest of full disclosure, I am holding cable longs for the last 300 pips and fully expect it to go to the moon

counter-arguments are always welcome! they greatly help in the idea generation process

Cable
Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Weekly 09.19.13.png Size: 73 KB

note 1: closing at or above the 78.6% is key in the short term... but I think on an intermediate term basis, we can see the writing on the wall
note 2: I do not subscribe to this thread, if you would like to discuss, please reply to my post so that I can see it in my dashboard!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #347,299
  • Sep 19, 2013 8:37am Sep 19, 2013 8:37am
Quoting theDHT
Cable: Follow up (Link to original post :http://www.forexfactory.com/showthre...43#post6964243 As a trader, the greatest opportunities present themselves when Fundamentals and Technicals line up perfectly... We can potentially make our year on a couple of trades... Here is my chart, with 7 techno-fundamental reasons why I think this pair is a good candidate for a "core" long in your portfolio In the interest of full disclosure, I am holding cable longs for the last 300 pips and fully expect it to go to the moon counter-arguments...

Hi DHT
You drew Elliot waves which are part of harmonics.In harmonics once pattern is complete then direction is usually opposite.
Price failed to break 62 which 86.6Fib key harmonic number.
regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.weekly.png Size: 55 KB
In trading, you have to be defensive and aggressive at the same time
  • #347,300
  • Sep 19, 2013 8:42am Sep 19, 2013 8:42am
Quoting Davit
{quote} Hi DHT You drew Elliot waves which are part of harmonics.In harmonics once pattern is complete then direction is usually opposite. Price failed to break 62 which 86.6Fib key harmonic number. regards {image}
Hey dude, im not an ew guy, so there are no ew rationales in my analysis
The way i see it, if it fails at the 78.6, a case can be made for a bearish gartley... But the fundis are not supportive at this time, esp w the fed announcement yesterday
I am well aware that this is a bold call, just sharing some thoughts...
90% of people, are wrong about 90% of everything, 90% of the time...
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