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Cable Update (GBPUSD)

  • #348,941
  • Oct 15, 2013 11:54pm Oct 15, 2013 11:54pm
anybody have any ideas on EUR/GBP?
  • #348,942
  • Oct 15, 2013 11:55pm Oct 15, 2013 11:55pm
I'm short against 4605 and if 4241 goes it looks like we could have a waterfall effect to the downside
  • #348,943
  • Oct 16, 2013 12:01am Oct 16, 2013 12:01am
Quoting sepuluh
{quote} yep ... or maybe camel would swim back to the most basic support in the level: 1.5920 and create 5 seal in bottom H1.......
Sure in the process of the head showing now for the old not this offspring tiny probable , then to raise the mouth as far as possible with last last minute reserve !
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 44 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #348,944
  • Oct 16, 2013 12:11am Oct 16, 2013 12:11am
Quoting iNSIELD
anybody have any ideas on EUR/GBP?
see the picture . correct down to correct up before more correction down if, last leg down for more up .Probable swing levels .

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbpdaily.png Size: 39 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #348,945
  • Oct 16, 2013 12:17am Oct 16, 2013 12:17am
Quoting KillerWhale
{quote} If you draw the trend line right, you'll see that we broke it 97 trading hours ago.
Thanks for your comment. This trend line is not broken. Rather the rejection is very clear. So imo we have to see the fundamentals. Imo daily is now looking bullish.

Attached Image (click to enlarge)
Click to Enlarge Name: GU daily.png Size: 41 KB
Never test the depth of water with both feet.
  • #348,946
  • Oct 16, 2013 12:43am Oct 16, 2013 12:43am
Quoting Cowboy11
This pair, GU, will be in a mest for some time. Propose stay away from this pair. A and J series are better options.
For the time, my view is that A is the strongest and J is the weakest. So, you know what to do.................
Face both Win and Lose bravely
  • #348,947
  • Oct 16, 2013 1:19am Oct 16, 2013 1:19am
Good day GU Traders

Pure technical study

GU 4H
We are ranging between strong S/R points, some shorts executed well, from the oblique descending resistance... which is now under pressure and breaking indicating ST direction is sideways. A quick look at RSI and Stochastics shows bullish divergence calling for possible further upside.
Data in a few hours



G/L
Attached Image (click to enlarge)
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  • #348,948
  • Oct 16, 2013 1:43am Oct 16, 2013 1:43am
I Wish 1.5999 and 1.6034 .....
make me rich...make me rich.........
  • #348,949
  • Oct 16, 2013 2:04am Oct 16, 2013 2:04am
Quoting sepuluh
I Wish 1.5999 and 1.6034 ..... make me rich...make me rich.........
If I were to invest this pair, it will be long. It will break 1.62xx, but take time.
Face both Win and Lose bravely
  • #348,950
  • Oct 16, 2013 2:12am Oct 16, 2013 2:12am
Quoting Cowboy11
{quote} If I were to invest this pair, it will be long. It will break 1.62xx, but take time.

mmmmhhhhhh.....cowboy...
i like your style......dor ! dor !
  • #348,951
  • Oct 16, 2013 2:18am Oct 16, 2013 2:18am
Quoting sepuluh
{quote} mmmmhhhhhh.....cowboy... i like your style......dor ! dor !
First break through point is 1.60175, so, don't close too early.
Face both Win and Lose bravely
  • #348,952
  • Oct 16, 2013 2:24am Oct 16, 2013 2:24am
So you guys are sure that cable will climb up again? i am short from 1.5945. News ahead looking for negative data from gbp. GOD knows what is going on after news.
  • #348,953
  • Oct 16, 2013 2:39am Oct 16, 2013 2:39am
Quoting xetrader
So you guys are sure that cable will climb up again? i am short from 1.5945. News ahead looking for negative data from gbp. GOD knows what is going on after news.
From the day strength sequence, G is slightly stronger than U. Let see whether I am right.
Face both Win and Lose bravely
  • #348,954
  • Oct 16, 2013 2:50am Oct 16, 2013 2:50am
Based on short term price action I'm going to look for zone 1.6002-16007 as good level to take a short possition on GBPUSD. Depending on entry SL between 10-15 pips, take profit minimum 20 pips. Around 8.20GMT if possition in profit I will move SL to BE because of comming out news at 8.30GMT.
Attached Image (click to enlarge)
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  • #348,955
  • Oct 16, 2013 2:59am Oct 16, 2013 2:59am
Inverse H&S on hourly will fail or succeed depending on news it seems. Currently at neckline and res of 5999.
  • #348,956
  • Oct 16, 2013 3:04am Oct 16, 2013 3:04am
Guys,

Is this is an error or something ? In my chart I see a HUUGE dip on the 29th of September, does anyone else have this ?
Attached Image (click to enlarge)
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  • #348,957
  • Oct 16, 2013 3:11am Oct 16, 2013 3:11am
Quoting sakisf
Inverse H&S on hourly will fail or succeed depending on news it seems. Currently at neckline and res of 5999.
neckline broken 20 min before news
  • #348,958
  • Oct 16, 2013 3:15am Oct 16, 2013 3:15am
she could be going up to 1.6170 base on price action
  • #348,959
  • Oct 16, 2013 3:17am Oct 16, 2013 3:17am
Quoting MisterSpread
Guys, Is this is an error or something ? In my chart I see a HUUGE dip on the 29th of September, does anyone else have this ? {image}

I haven't.Maybe sl hunting?Is your broker reliable?
  • #348,960
  • Oct 16, 2013 3:17am Oct 16, 2013 3:17am
Quoting MisterSpread
Guys, Is this is an error or something ? In my chart I see a HUUGE dip on the 29th of September...
No, there was no such dip.

Could be a trendline that is defined by spots that are contained within the candle. Have a look at lower TFs to see whether it is the case.
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