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Cable Update (GBPUSD)

  • #348,701
  • Oct 11, 2013 3:37am Oct 11, 2013 3:37am
updated with bids
Attached Image
  • #348,702
  • Edited 4:11am Oct 11, 2013 3:53am | Edited 4:11am
Quoting Tsar
{quote} Cable in H1 Chart... Keep watch in 1.6007 first. Posible Upward to Price 1.6020 as Fibo 50% {image}
Touch Price 1.6003
Always looking the GREAT, never left GOOD Point...
  • #348,703
  • Oct 11, 2013 3:56am Oct 11, 2013 3:56am
Quoting nAVIN2007
{quote} 1.60 is a very good barrier and remember market need to convince shorter and bulls they are right to enter..people need to loose is the bottom line..lets just hope its not us..saying this majority short does worry me

dude yesterday's line still held.. till its not broken were not gonna go south.....
I don't want a job, i want money!
  • #348,704
  • Oct 11, 2013 4:01am Oct 11, 2013 4:01am
Gidday GBP/US

Everybody happy

Maybe we won't see to much

before close.

Just thinking about next week

Its holding up pretty well for a down move:nerd:
  • #348,705
  • Oct 11, 2013 4:13am Oct 11, 2013 4:13am
Quoting dario1002
{quote} dude yesterday's line still held.. till its not broken were not gonna go south.....
all lines are made to be broken bro...ask yourself where the movement has been and if yur trading long at that line..u are doing a hancock..

will it hold..might!! but i wont buy ..i expect it to break
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 58 KB
  • #348,706
  • Oct 11, 2013 4:17am Oct 11, 2013 4:17am
Good day GU

GU Daily
HX 1 year view

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1yr.png Size: 34 KB

  1. Of interest to the longer term trader is the bounce off Major Resistance 1.6270 (the bulls may find this an interesting final target)

HX 3 months view

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 32 KB

  1. As 1.6XXXX remains intact as minor resistance the play for the bearish view is much improved
  2. The Minor oblique rising TL further strengthens the bearish view this will be the view I'll take
  3. The formation of the H&S combined with the R&S story charted show a strong case for re-entering short positions as these can be considered to be with the trend now
  4. Entries below 1.600 (entry void @ 1.61 SL) 3 targets

    1. (height of the head about 270 pips) so if have 1.573x
    2. Minor horizontal support 1.572x
    3. Major rising TL 1.57

  5. Fundies are supporting this view with hope of the end of shutdown and taper talk beginning to re-enter the pricing

Have a good day and enjoy your weekend.

G/L

  • #348,707
  • Oct 11, 2013 4:21am Oct 11, 2013 4:21am
Take the risk..I take my long @ 1.5972, TP@ 1.6011
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 88 KB
Revenge of Scalper
  • #348,708
  • Oct 11, 2013 4:24am Oct 11, 2013 4:24am
Quoting eliteincome
Gidday GBP/US Everybody happy Maybe we won't see to much before close. Just thinking about next week Its holding up pretty well for a down move:nerd:
Don't think about NEXT WEEK first

Today... Cable will move like YOYO
But with Slowly
Always looking the GREAT, never left GOOD Point...
  • #348,709
  • Oct 11, 2013 4:26am Oct 11, 2013 4:26am
Quoting JimmyC
Good day GU GU Daily HX 1 year view {image} Of interest to the longer term trader is the bounce off Major Resistance 1.6270 (the bulls may find this an interesting final target) HX 3 months view {image} As 1.6XXXX remains intact as minor resistance the play for the bearish view is much improved The Minor oblique rising TL further strengthens the bearish view this will be the view I'll take The formation of the H&S combined with the R&S story charted show a strong case for re-entering short positions as these can be considered to be with the trend...
nice analysis
  • #348,710
  • Oct 11, 2013 4:30am Oct 11, 2013 4:30am
Quoting nAVIN2007
{quote} nice analysis
Thank you
  • #348,711
  • Oct 11, 2013 4:42am Oct 11, 2013 4:42am
Quoting nAVIN2007
{quote} all lines are made to be broken bro...ask yourself where the movement has been and if yur trading long at that line..u are doing a hancock.. will it hold..might!! but i wont buy ..i expect it to break {image}
i ask myself this question everytime i use a condom... but that's another story
I don't want a job, i want money!
  • #348,712
  • Oct 11, 2013 4:45am Oct 11, 2013 4:45am
Quoting dario1002
{quote} dude yesterday's line still held.. till its not broken were not gonna go south.....
another thing is it appear to be consolidating waiting for US numbers so its either way
  • #348,713
  • Oct 11, 2013 4:46am Oct 11, 2013 4:46am
Quoting dario1002
{quote} i ask myself this question everytime i use a condom... but that's another story
  • #348,714
  • Oct 11, 2013 4:55am Oct 11, 2013 4:55am
Nothing changed from my pov ,we see a strong move up so ..
some believe that news can change a chart ,my opinion is that as long as the news is pre planned the info you need is in the chart all the time
that smart money does the home work prior
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 11-10-13.png Size: 38 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #348,715
  • Oct 11, 2013 5:03am Oct 11, 2013 5:03am
Quoting danko316
My target is still 1.6300 {image} {image}
Ok , possible too if too force up any , otherwise correct to more possible .very tough play now top for smaller even !!
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 34 KB
Click to Enlarge Name: gbpusddaily1.png Size: 35 KB
Click to Enlarge Name: gbpusdweekly.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #348,716
  • Oct 11, 2013 5:13am Oct 11, 2013 5:13am
Quoting Bones
Nothing changed from my pov ,we see a strong move up so .. some believe that news can change a chart ,my opinion is that as long as the news is pre planned the info you need is in the chart all the time that smart money does the home work prior {image}

how are u bro?
  • #348,717
  • Oct 11, 2013 5:13am Oct 11, 2013 5:13am
crack open gbp aud for confluence on what's happening
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud 11-10-13.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #348,718
  • Oct 11, 2013 5:20am Oct 11, 2013 5:20am
hey amigo im great ,and you ?


Quoting nAVIN2007
{quote} how are u bro?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #348,719
  • Oct 11, 2013 5:27am Oct 11, 2013 5:27am
It would frustrate say bbmac for me to say now this will go to support in the coming months ,

Quoting Bones
crack open gbp aud for confluence on what's happening {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp aud monthly 11-10-13.png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #348,720
  • Edited 5:44am Oct 11, 2013 5:33am | Edited 5:44am
Cable in Daily Chart...

MAJOR Trend... Cable in BULLISH Trend b'cause still in TRENDLINE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-10-11_GU in Daily Chart.jpg Size: 615 KB
Click to Enlarge Name: 2013-10-11_GU in Daily Chart Full.jpg Size: 632 KB
Always looking the GREAT, never left GOOD Point...
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