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Cable Update (GBPUSD)

  • #347,621
  • Sep 27, 2013 12:39pm Sep 27, 2013 12:39pm
Quoting forexvegan
{quote} Where do you see this? Anyone have a link for his speech?
heard it on bloomberg tv n its abt to start
  • #347,622
  • Sep 27, 2013 12:41pm Sep 27, 2013 12:41pm
Quoting mamalujo
{quote} heard it on bloomberg tv n its abt to start
Here's the link if anyones intrested.

http://www.whitehouse.gov/live
Faith ends where worry begins, and worry ends where faith begins.
  • #347,623
  • Sep 27, 2013 12:41pm Sep 27, 2013 12:41pm
Quoting mamalujo
watch out folks, obama speaks in 30mins
Wow we take your profit now

when this clown

starts rabbiting on

you know things are

really turning to shit
Attached Image
  • #347,624
  • Sep 27, 2013 12:42pm Sep 27, 2013 12:42pm
Though the momentum has reduced, but in the past 2 months the charts has shown no respect for momentum
The fragrance remains in the hands of those that gves the rose
  • #347,625
  • Sep 27, 2013 12:47pm Sep 27, 2013 12:47pm
No Government Shutdown! (Well maybe.)
Faith ends where worry begins, and worry ends where faith begins.
  • #347,626
  • Sep 27, 2013 12:57pm Sep 27, 2013 12:57pm
Quoting okosodo
Though the momentum has reduced, but in the past 2 months the charts has shown no respect for momentum
Agree....that's how I learned a lot of stuff about FX over the last few months...FX is a b***...
  • #347,627
  • Sep 27, 2013 1:15pm Sep 27, 2013 1:15pm
still long
The fragrance remains in the hands of those that gves the rose
  • #347,628
  • Sep 27, 2013 1:28pm Sep 27, 2013 1:28pm
this is not good..
  • #347,629
  • Sep 27, 2013 1:37pm Sep 27, 2013 1:37pm
Quoting nAVIN2007
this is not good..
It wouldn't surprise me one bit to see Cable spike up and create a new high on the last day of the month on Monday to trigger a bunch of Carney buy stops, before falling through the floor in October.
waiting for daily TL break to short.
Come with me if you want to live....
  • #347,630
  • Sep 27, 2013 1:40pm Sep 27, 2013 1:40pm
Of course the Daily and Weekly Pivots will change on Monday but to the immediate upside this is what I am see-ing;

6142-46 prev minor 1hr sw hi zone
6148-62 prev 1hr/4hr/minor daily swing hi zone incl 6151 = Weekly R1 @/around, and 6150-60 daily desc t/line coming thru on Friday's candle daily candle
[ 6164-6178 prev daily sw hi zone
[ 6175-6195 weekly desc t/line coming thru on present weekly candle incl 6186 = Daily R3 @/around
6278-6309-6349 prev daily/weekly/monthly sw hi zone incl 6278=76.4% 6746-4811, 6296 = Weekly R2 @/around, and 6320-40 = monthly descending t/line coming thru on present monthly candle
6394 Monthly R3 @/around
6453 85.4% 6746-4811
6554-6612 prev weekly/minor monthly swing hi zone incl 6574 = Weekly R3 @/around
6620-30 monthly 200sma copming thru on present monthly candle
6710-45 prev weekly/monthly swing hi zone
6822 50% 2.0156-1.3505

Daily and Weekly candles very likely to close bullishly now and after close today only 1 more day on the Monthly which looks bullish at the moment as a candle - but of course it is not closed yet so anything can happen.

G/L
ex member
  • #347,631
  • Sep 27, 2013 1:53pm Sep 27, 2013 1:53pm
Quoting Ill-b-back
{quote} It wouldn't surprise me one bit to see Cable spike up and create a new high on the last day of the month on Monday to trigger a bunch of Carney buy stops, before falling through the floor in October. waiting for daily TL break to short.

well at the start of month..i did think it was going to be long only problem i saw which influenced me unfortunately was the idea of 1.50 being attacked and holding for resistance, if the happened, well might be in this trade to 1.63 for years..i didnt want to chance it..

so starting developing a bias to fall and the mofo rose like a bitch

question:- there is diverence how far can it go up b4 it dips??..if next month it makes a new high ..shorters are f^^&&ked
  • #347,632
  • Sep 27, 2013 1:57pm Sep 27, 2013 1:57pm
Quoting Ill-b-back
{quote} It wouldn't surprise me one bit to see Cable spike up and create a new high on the last day of the month on Monday to trigger a bunch of Carney buy stops, before falling through the floor in October. waiting for daily TL break to short.

damn good idea
  • #347,633
  • Sep 27, 2013 1:59pm Sep 27, 2013 1:59pm
Gidday Traders

The only way I can trade

the GBP/US is having the EUR/US chart open

side by side

I need to see whats happening

Big boy farts little guy jumps

Still just getting into this GBP/US bit by bit

Trying to have at least one chart

that I don't really screw everything up for a change
  • #347,634
  • Sep 27, 2013 2:08pm Sep 27, 2013 2:08pm
Quoting nAVIN2007
{quote} well at the start of month..i did think it was going to be long only problem i saw which influenced me unfortunately was the idea of 1.50 being attacked and holding for resistance, if the happened, well might be in this trade to 1.63 for years..i didnt want to chance it.. so starting developing a bias to fall and the mofo rose like a bitch question:- there is diverence how far can it go up b4 it dips??..if next month it makes a new high ..shorters are f^^&&ked
Cable is butting its head on some pretty solid monthly resistance right now.
if daily TL breaks in October, then I think retest of broken Jan-June TL is on, but waiting for the break.
Come with me if you want to live....
  • #347,635
  • Sep 27, 2013 3:46pm Sep 27, 2013 3:46pm
The Weekly candle closes bullishly (hammer esq) with a pip range of only 67% of it's 20 week atr. No fractal swing created by the close of the weekly candle and no new trend hi as it closes inside the previous weekly candle. This t/f remains in a classic opa uptrend with 2 x HL's a H and HH at last week's hi - as price has gone north off the recent 4811 low. 100sma remains below the 200sma on this t/f with price closing above both.

The Daily candle closes as a bullish thrust and bullishly engulfs the previous daily candle (thursday's) body. Last fractal swing on this t/f was at 5954 a swing L in it's general opa uptrend.It's 100sma is below it's 200sma but converging on it and pointing up and price closes above both.

The 4hr has probably resumed it's general opa uptrend although the 5954 swing low was a LL on this t/f ...1hr is in a general opa uptrend off that 5954 swing low. On both t/f's the 100sma is above it's 200sma and all are pointing up with price closing above all.

So, overall a bullish technical picture....and this so far is reflective of the improving fundamental picture/environment affecting gbpusd. Bears still sweating it out.

G/L
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WKLY.jpg Size: 164 KB
Click to Enlarge Name: DLY.jpg Size: 240 KB
ex member
  • #347,636
  • Sep 27, 2013 4:03pm Sep 27, 2013 4:03pm
Chin up guys,

Wait for the break....

Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 38 KB
Click to Enlarge Name: gbpusdweekly1.png Size: 44 KB
Click to Enlarge Name: gbpusdweekly3.png Size: 34 KB
Come with me if you want to live....
  • #347,637
  • Sep 27, 2013 4:35pm Sep 27, 2013 4:35pm
Quoting Ill-b-back
Chin up guys, Wait for the break.... {image} {image} {image}
wow.. i'm not asking too much from the market.. level i would like to see is price retest at 57xx area than maybe 55xx area.. never in my mind lower level than that..

at least not yet..
  • #347,638
  • Sep 27, 2013 8:30pm Sep 27, 2013 8:30pm
On H4 I have levels of 1.6165 and then 1.6195. on Daily I have 1.6175 so this is cluster f*** zone for the bears. 1.6165-95. if this is out next target on the daily is 1.6380. I don't think it will go that far.
  • #347,639
  • Sep 28, 2013 5:42am Sep 28, 2013 5:42am
Quoting giveachance
On H4 I have levels of 1.6165 and then 1.6195. on Daily I have 1.6175 so this is cluster f*** zone for the bears. 1.6165-95. if this is out next target on the daily is 1.6380. I don't think it will go that far.
Based on higher tf i think it will.. cable just need some correction.. and that 5500 hold.. who knows maybe we will be in this range longer.. atm just trade the chart, trading in ranging market can be quite tough..
  • #347,640
  • Sep 28, 2013 5:49am Sep 28, 2013 5:49am
Is there any possiblty that cable come at 1.60900 bcoz i need this point to get out of this pair??? Can anyone guide me?? Or tell me stop loss to close this trade??
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