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Cable Update (GBPUSD)

  • #347,941
  • Oct 1, 2013 6:43pm Oct 1, 2013 6:43pm
I've got this nagging feeling we got another mini leg on this bull run to take out the January High.
Won't be surprised to see 6420 as a thought.
Waiting for daily TL break to short
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Come with me if you want to live....
  • #347,942
  • Oct 1, 2013 10:38pm Oct 1, 2013 10:38pm
Posted 30 hours ago..................

http://www.forexfactory.com/showthre...22#post6997122
The More You Learn, The More You Earn.....
  • #347,943
  • Edited Oct 2, 2013 1:05am Oct 1, 2013 11:11pm | Edited Oct 2, 2013 1:05am
swing through life & death while maintaining the bull still , last phase should for the time with eu , gu target remain at top, do or die by hit or miss .once for all correction Ok so far till break targets!
Gold correction good ok , now or soon 1272 bounce or fall for double bottom or low to bounce if .
anyway though bull should have big correction down or once for all be over by 1-2 days perhaps .

No knew the usdx , over 80 & hold should survive dollar or get life or below 80 & hold , a huge crush for 70 again ?? so careful before anything shows up next clearly , scalping ok at times.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #347,944
  • Oct 2, 2013 12:03am Oct 2, 2013 12:03am
Gidday GBP/US

Get the feeling its wants

to climb up again:nerd:
  • #347,945
  • Oct 2, 2013 12:28am Oct 2, 2013 12:28am
Quoting JeremyWS
In the past 1.5 yrs, there have been 5 overbought scenarios, each of which saw at least a 1.3% drop, some 2.7% (before stochastics show Oversold) Stochastics are shown as a histogram with "0" line set at 85 (i.e. when green its overbought) Also considering the Bearish divergence in the credit markets this is one of the best set-ups I've seen in a while {image}
It seems we should follow historical shows to place a short with TP2 around 1.55 level then...
  • #347,946
  • Oct 2, 2013 12:53am Oct 2, 2013 12:53am
Hello GBP/US

What happened to the big

move up

never know

every one saying 164 yesterday:nerd:

Just need EUR/US to creep back up
  • #347,947
  • Oct 2, 2013 1:23am Oct 2, 2013 1:23am
Quoting ForexRatVN
{quote} It seems we should follow historical shows to place a short with TP2 around 1.55 level then...
Let's look at 157 ish first shall we
  • #347,948
  • Oct 2, 2013 1:26am Oct 2, 2013 1:26am
Quoting JimmyC
Hello all, If you review the below chart notice the PA to RSI divergence that has formed? Given that we appear to have a shooting star forming today Noting market sentiment 70% traders short Reviewing our event risks for the week (especially an NFP that will be delayed) I think its safe to begin looking for short opportunities from tomorrow targeting 1.613xx / 1.589xx with a two week duration SL @ 1.626xx G/L {image} {image}
Short from 1,6196 stop @ cover 1,6190
  • #347,949
  • Oct 2, 2013 2:36am Oct 2, 2013 2:36am
and when all the retail start to short after watching the hammer, big boys start to buy.................. never ending story........

Don't give up
  • #347,950
  • Oct 2, 2013 2:51am Oct 2, 2013 2:51am
Quoting geomink
and when all the retail start to short after watching the hammer, big boys start to buy.................. never ending story........
and when all the retail believe that price will go up, big boys start releasing their position and selling..
  • #347,951
  • Oct 2, 2013 2:56am Oct 2, 2013 2:56am
breaking yesterdays H/L gives direction imo

USDOLLAR D1:
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Don't be a hero. Don't have an ego. Always question yourself
  • #347,952
  • Oct 2, 2013 2:57am Oct 2, 2013 2:57am
Im getting very strong bullish signals that pound going to 1.6300. loaded up with stops below daily low, lets see!
Loser trying to become a winner!
  • #347,953
  • Oct 2, 2013 3:09am Oct 2, 2013 3:09am
Quoting plumiash
{quote} and when all the retail believe that price will go up, big boys start releasing their position and selling..

shall see the next news coming
often cable make strong opposite move before the news
in this case it will reverse down and the hammer will be follow
otherwise it will fly up
just my 2 cents
Don't give up
  • #347,954
  • Oct 2, 2013 3:17am Oct 2, 2013 3:17am
A pinbar (< 20 day atr) daily candle yesterday as price encountered supply at the 6259 hi..Asian session continuted the fall/pullback to the previous daily swing hi zone / Daily S1 where support was found and a bounce there that has continued into early London up to 50% of the 6259-6162 fall. Uk data due at 0928 ? /0930

G/L
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ex member
  • #347,955
  • Oct 2, 2013 3:22am Oct 2, 2013 3:22am
Quoting bbmac
A pinbar (< 20 day atr)
too small opposite to a strong bullish trend

............. and too much simple for retail traders too? ......

Don't give up
  • #347,956
  • Oct 2, 2013 3:23am Oct 2, 2013 3:23am
for now its look like long position..lets see after news reaction..
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when GOD brings you a challenge he also gives you the power to deal with it
  • #347,957
  • Oct 2, 2013 3:45am Oct 2, 2013 3:45am
Quoting JimmyC
{quote} Short from 1,6196 stop @ cover 1,6190
s/o +1 and reload

Edit: chart
Attached Image
  • #347,958
  • Oct 2, 2013 3:52am Oct 2, 2013 3:52am
Good Morning!
Today's S/R Levels on MT4 Templates.

EURO
CABLE
GOLD
AUDUSD
EURJPY

Will and S&P 500 before CME open here : http://www.forexfactory.com/showthre...83#post7000883
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #347,959
  • Oct 2, 2013 3:55am Oct 2, 2013 3:55am
...potential near-term upside obstacles per 1hr below

G/L
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ex member
  • #347,960
  • Oct 2, 2013 3:57am Oct 2, 2013 3:57am
buy on dip after bad news with all the retail short....................... what does it mean? .............
Don't give up
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