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Cable Update (GBPUSD)

  • #348,801
  • Oct 13, 2013 11:18pm Oct 13, 2013 11:18pm
Quoting KillerWhale
{quote} How can you say this with such picture perfect rejections. First the 1.5995 resistance and then the trend line. Cable upwards make absolutely no sense. {image}
Price 1.5915 as Support 1 & Price 1.5927 as Support 2

Another Candle as Trigger...
Use your Trading Style : Gan HL Activator and MCAD

Cable upwards make absolutely Correct
Attached Image
Always looking the GREAT, never left GOOD Point...
  • #348,802
  • Oct 13, 2013 11:33pm Oct 13, 2013 11:33pm
till wed I think GU still has a chance to go north
I'll be waiting for spike to sell
  • #348,803
  • Edited 11:45pm Oct 13, 2013 11:34pm | Edited 11:45pm
Quoting Ill-b-back
{quote} I agree Tsar, the 1hr is suggestive of a retrace for a retest on the daily TF and may take out my 2nd trade SL Love the R/R here... Then once that business is taken care of with the Pound... Opening up south of the weekly TL next week would be a good sign {image} {image} {image} {image}
Correction your H1 Chart, Bro

Cable have Big Movement will play Tomorrow. She's got UK News release...

And don't forget... She's will songs (again) Post# 44,604
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-14_Cable in H4 Chart - Lost TL.jpg Size: 426 KB
Always looking the GREAT, never left GOOD Point...
  • #348,804
  • Oct 13, 2013 11:34pm Oct 13, 2013 11:34pm
Agree above 5980 http://prntscr.com/1x7cv7
  • #348,805
  • Oct 13, 2013 11:52pm Oct 13, 2013 11:52pm
Quoting Tsar
{quote} Price 1.5915 as Support 1 & Price 1.5927 as Support 2 Another Candle as Trigger... Use your Trading Style : Gan HL Activator and MCAD Cable upwards make absolutely Correct {image}
You're right, but it will be very limited before the next leg down.
I'm not bullish at all.
We're just trading in a downward channel on the 4 hr.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #348,806
  • Oct 13, 2013 11:53pm Oct 13, 2013 11:53pm
Quoting Tsar
{quote} Correction your H1 Chart, Bro Cable have Big Movement will play Tomorrow. She's got UK News release & moreover New Weekly Candle born And don't forget... She's will songs (again) Post# 44,604 http://www.forexfactory.com/showthre...35#post6993935 {image}
A new week indeed brother.

Currently retesting the daily breakout....

but I don't think it will be a big move north.

Maybe I'm wrong, who knows
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 31 KB
Click to Enlarge Name: gbpusddaily4.png Size: 27 KB
Click to Enlarge Name: gbpusddaily1.png Size: 30 KB
Click to Enlarge Name: gbpusddaily2.png Size: 32 KB
Click to Enlarge Name: gbpusdweekly.png Size: 32 KB
Come with me if you want to live....
  • #348,807
  • Oct 14, 2013 12:13am Oct 14, 2013 12:13am
Quoting GqOrlando
Agree above 5980 http://prntscr.com/1x7cv7
I wanna bet... you used Non Lag (line) indie in Main Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-14_Cable in H1 Chart - NonLag Line.jpg Size: 268 KB
Always looking the GREAT, never left GOOD Point...
  • #348,808
  • Oct 14, 2013 12:14am Oct 14, 2013 12:14am
Good Morning !
Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY

will try to add the other pairs later
http://www.forexfactory.com/showthre...64#post7023664
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #348,809
  • Oct 14, 2013 12:19am Oct 14, 2013 12:19am
Hello GBP/US

Well my first short is under water

Thought 159 at least

Tell you it pays to take smaller trades

when the market is doing weird shit all day long.

Being right just takes longer
  • #348,810
  • Oct 14, 2013 12:35am Oct 14, 2013 12:35am
Quoting KillerWhale
{quote} You're right, but it will be very limited before the next leg down. I'm not bullish at all. We're just trading in a downward channel on the 4 hr.
Cable in MIDDLE Now...
In H1 & H4 She build Upward again
And SIDEWAY after 'Strongest Bullish' in Daily & Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-14_Cable in Weekly Chart.jpg Size: 1.0 MB
Always looking the GREAT, never left GOOD Point...
  • #348,811
  • Oct 14, 2013 12:36am Oct 14, 2013 12:36am
Quoting Tsar
{quote} I wanna bet... you used Non Lag (line) indie in Main Chart {image}
Just a 9sma
  • #348,812
  • Oct 14, 2013 12:40am Oct 14, 2013 12:40am
Quoting Ill-b-back
{quote} A new week indeed brother. Currently retesting the daily breakout.... but I don't think it will be a big move north. Maybe I'm wrong, who knows {image} {image} {image} {image} {image}
Thank's for Correction, mate

I edited Previous Post...
Always looking the GREAT, never left GOOD Point...
  • #348,813
  • Edited 1:08am Oct 14, 2013 12:55am | Edited 1:08am
gap down in most pairs , it is back big gap as of before 2008 regularly , and as usual bear play remain intact but Monday ranging also likely. Correction up more likely than bear just trying to start , specially gu having lower target min or as limit down for up 5885 and upside limit up for down 6006. anyway both can breached in this Monday with possible & probable range 5800 to 6142 .
same as other pair but less chance this ranging UP.
anyway shorts at any top prefer & continued old also for all targets down for me in this scalping sessions.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 36 KB
Click to Enlarge Name: eurusdh4.png Size: 32 KB
Click to Enlarge Name: golddaily.png Size: 35 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #348,814
  • Oct 14, 2013 2:21am Oct 14, 2013 2:21am
Downtrend triangle!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-roboforex.png Size: 161 KB
  • #348,815
  • Oct 14, 2013 2:38am Oct 14, 2013 2:38am
Quoting fontu
gap down in most pairs , it is back big gap as of before 2008 regularly , and as usual bear play remain intact but Monday ranging also likely. Correction up more likely than bear just trying to start , specially gu having lower target min or as limit down for up 5885 and upside limit up for down 6006. anyway both can breached in this Monday with possible & probable range 5800 to 6142 . same as other pair but less chance this ranging UP. anyway shorts at any top prefer & continued old also for all targets down for me in this scalping sessions. fontu...
I'm think' so
My Daily Chart: I'm wait to Buy
Attached Image (click to enlarge)
Click to Enlarge Name: GU10-14_142830.jpg Size: 101 KB
MQL4, Amibroker
  • #348,816
  • Oct 14, 2013 3:54am Oct 14, 2013 3:54am
Quoting Tsar
{quote} Cable in MIDDLE Now... In H1 & H4 She build Upward again And SIDEWAY after 'Strongest Bullish' in Daily & Weekly {image}
Excellent chance to put in some more bear.
19 pips green at the moment.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #348,817
  • Oct 14, 2013 3:57am Oct 14, 2013 3:57am
Quoting KillerWhale
{quote} So what exactly is it that you're trying to tell us?
I have added the missing literature to my post:

http://www.forexfactory.com/showthre...06#post7024006
  • #348,818
  • Oct 14, 2013 4:01am Oct 14, 2013 4:01am
GU

Fundies seem to continue driving the market as confusion persists over the debt ceiling vs budget right-sizing vs political brinkmanship vs responsible governance. (3 days to default - leaves this as a difficult trading time overall)

On the FX front this gives us two schools of thought (decreasing money supply would strengthen the dollar but default junks the dollar with some market makers beginning to state that a basket of currencies may make far better FX sense and be more stable) The dollar index is trending weaker and looks set to continue for the last 30 days

Tomorrow has key UK data releases...

Technicals show a decision point either today (doubtful or after data tomorrow or most likely real direction once the senate reaches a decision)

The smaller picture shows a medium term oblique rising support received positive reaction late in the Friday trading session confusing the greater bear scenario and showing that some LT bulls maintained interest even as the market showed signs of reversal.

Over head the LT rising TL is a short term falling TL which indicates that trade entries today would only be worth scalping interest but the R:R is decreasing.

I prefer to stay in-cash on this pair till a definitive break to the up or down side.

Key short term resistance at 1.6xxx remains intact indicating a break to the downside may have better R:R this will require that a strong brake of the rising TL has happened (this is best viewed of the 4H TF

Daily 4H strategy
The breach and confirmation of 1.6 would be the long entry signal
The breach and confirmation of 1.59 would be the short entry signal

Intraday the range indicated above would work for sideways... lets see
We are thus trading in interesting times.

GU4H
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 50 KB
  • #348,819
  • Oct 14, 2013 4:10am Oct 14, 2013 4:10am
Holding my shorts. Waiting for GU to collapse below 5900.
  • #348,820
  • Oct 14, 2013 4:42am Oct 14, 2013 4:42am
Quoting ravenbg
Holding my shorts. Waiting for GU to collapse below 5900.
hello.
will it test another time 1,600 before collapse?
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