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Cable Update (GBPUSD)

  • #348,521
  • Oct 9, 2013 7:48am Oct 9, 2013 7:48am
Cable in H1 Chart...
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-09_Cable H1 Bullish Butterfly + Fibo.jpg Size: 695 KB
Always looking the GREAT, never left GOOD Point...
  • #348,522
  • Oct 9, 2013 7:49am Oct 9, 2013 7:49am
Quoting Zr-fx
{quote} Freshpips: I have the same... 18 pips on everything !!! Sorry guys, first post on this thread although been watching for a while. But wanted to confirm Freshpips shock!! I trade only GU and have a major short position, so watching this with keen interest.

Hey mate,

Mine has fixed itself now, hopefully your has too
  • #348,523
  • Oct 9, 2013 7:50am Oct 9, 2013 7:50am
Quoting edindzeko
GBP under serious pressure and looks to break support, i am ready for short again but watching news in 1 hr
And there we go 5860 exposed
  • #348,524
  • Oct 9, 2013 7:51am Oct 9, 2013 7:51am
Quoting Freshpips
{quote} Hey mate, Mine has fixed itself now, hopefully your has too
Yes same here..
  • #348,525
  • Oct 9, 2013 7:53am Oct 9, 2013 7:53am
Quoting Tsar
{quote} We're in the same Boat And faith with TREND ! I wish in US Market's will give the Change : http://www.bloomberg.com/news/2013-1...t-default.html
according to daily trend too solid.
  • #348,526
  • Oct 9, 2013 7:55am Oct 9, 2013 7:55am
Cable in H4 Chart...


I'm still worried,

Cable will go Down once to Price 1.5910 before Upward
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-09_Cable H4 Bullish Butterfly + Fibo.jpg Size: 216 KB
Always looking the GREAT, never left GOOD Point...
  • #348,527
  • Oct 9, 2013 7:59am Oct 9, 2013 7:59am
Quoting JimmyC
{quote} Second area of interest approaching, rising TL may spark some buying
Step 2: Braking below ascending TL
  • #348,528
  • Oct 9, 2013 8:03am Oct 9, 2013 8:03am
Quoting Tsar
{quote} Hey Bro, These Cable in H4 Chart for you Cheers... {image}
Thank you my friend. Been on this one for a while, probably since I last posted a chart in this thread.

Just closed and flat now, all the best.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #348,529
  • Oct 9, 2013 8:07am Oct 9, 2013 8:07am
Quoting Tsar
Cable in H4 Chart... I'm still worried, Cable will go Down once to Price 1.5910 before Upward {image}
1.5953 which was previous support should now act as resistance...
  • #348,530
  • Oct 9, 2013 8:10am Oct 9, 2013 8:10am
The fall today is only the start of things to come... if this swing high has completed around 1.61, then our swing low will visit lower than the previous low of 1.48
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #348,531
  • Oct 9, 2013 8:15am Oct 9, 2013 8:15am
Quoting bbakker
{quote} 1.5953 which was previous support should now act as resistance...
Yup... Agreed with you, Bro.

BEARISH Trend still Stronger & posible Cable will touch Price 1.5910 as DEMAND Area
Always looking the GREAT, never left GOOD Point...
  • #348,532
  • Oct 9, 2013 8:17am Oct 9, 2013 8:17am
Quoting Tsar
{quote} Yup... Agreed with you, Bro. Bearish Trend still Stronger & posible Cable will touch Price 1.5910 as DEMAND Area.
Attached Image (click to enlarge)
Click to Enlarge Name: GUH4.png Size: 22 KB
  • #348,533
  • Oct 9, 2013 8:21am Oct 9, 2013 8:21am
Quoting khol_hands
{quote} according to daily trend too solid.
Not Daily... but Weekly more Strongest !


Ps.
Seharusnya tidak bermain melawan Trend Pasar.
Apalagi Situasi sekarang antara Tehnical dan Fundamen saling 'Simpang Siur' Repot dah...
Always looking the GREAT, never left GOOD Point...
  • #348,534
  • Oct 9, 2013 8:28am Oct 9, 2013 8:28am
Quoting Mr. Scott
{quote} Thank you my friend. Been on this one for a while, probably since I last posted a chart in this thread. Just closed and flat now, all the best.
You got the Lesson with my Chart, Bro.
Always use in (min) H4 Chart not Below than this... because too Bias.

So sorry, I can't explaint about Harmonic so much.
Always looking the GREAT, never left GOOD Point...
  • #348,535
  • Oct 9, 2013 8:32am Oct 9, 2013 8:32am
Quoting bbakker
{quote} Yeah.. I bailed before it hit my SL... Didn't like the price action and maybe this area is too obvious. I like Ramses II demand area but if I'm going long, they will only be scalps. Trying to find a long-term short position and it failed to reach my 1.6165 area yesterday Wish you luck!
I'm too...
Always looking the GREAT, never left GOOD Point...
  • #348,536
  • Oct 9, 2013 8:36am Oct 9, 2013 8:36am
The trend line that stretches back to July is either going to hold at 1.5915, or fail spectacularly!

Given the horror show in the US, coupled with the fact that the UK economy has been upgraded recently by IMF, very possible that this level will hold.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB
  • #348,537
  • Oct 9, 2013 8:42am Oct 9, 2013 8:42am
Quoting Tsar
{quote} You got the Lesson with my Chart, Bro. Always use in (min) H4 Chart not Below than this... because too Bias. So sorry, I can't explaint about Harmonic so much.
There is no need, I understand.

Closed as we are approaching demand area, and did not want to be greedy as that was target.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #348,538
  • Oct 9, 2013 8:43am Oct 9, 2013 8:43am
Quoting 16Nov16
The trend line that stretches back to July is either going to hold at 1.5915, or fail spectacularly! Given the horror show in the US, coupled with the fact that the UK economy has been upgraded recently by IMF, very possible that this level will hold. {image}
Im leaning toward spectacular fail right now and see short-term USD strength combined with GBP weakness
  • #348,539
  • Oct 9, 2013 8:45am Oct 9, 2013 8:45am
Also, the downtrend on a 2-min chart shows that 1.5915-ish mark is at the lower end of the down-channel.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #348,540
  • Oct 9, 2013 8:49am Oct 9, 2013 8:49am
Quoting edindzeko
{quote} Im leaning toward spectacular fail right now and see short-term USD strength combined with GBP weakness
well that's possible but i see a big possibility of restesting the 1.5950 before consolidating or continuing the move down
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