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Cable Update (GBPUSD)

  • #349,141
  • Oct 17, 2013 4:53am Oct 17, 2013 4:53am
Quoting harve
{quote} I'm not 100% sure, but after see this wave, i must think again last candle realy uptrend or just swing down again?? {image}
there's no certainty in this market, it's pain in the ars to hold for bigger push down..
i quit from shorting since yesterday close when price in range of bullish & bearish ..
dont know which side im taking atm .. anyway.. Good luck
  • #349,142
  • Oct 17, 2013 5:09am Oct 17, 2013 5:09am
Quoting nAVIN2007
{quote} it is never obvious..
i never think that its obvious to come to this level at all. its obvious in the way, support is still down there.

and as some mentioned gbp has several days of good data that had been sent down by fundamental comments and etc. since it didn't really break support level, the revenge is quite strong as well upon usd steriod subsiding.

from the charts point of view. and many areas of rejection/bounce based on s t r and r t s level. or aka asia lo, europe lo, europe hi. us lo of previous significant days.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU hour 1.png Size: 51 KB
  • #349,143
  • Oct 17, 2013 5:18am Oct 17, 2013 5:18am
Quoting 5percent
{quote} i never think that its obvious to come to this level at all. its obvious in the way, support is still down there. and as some mentioned gbp has several days of good data that had been sent down by fundamental comments and etc. since it didn't really break support level, the revenge is quite strong as well upon usd steriod subsiding. from the charts point of view. and many areas of rejection/bounce based on s t r and r t s level. or aka asia lo, europe lo, europe hi. us lo of previous significant days. {image} {image}
smaller tf zoom in

point of view.

above 1.6130, further break out.
Attached Image (click to enlarge)
Click to Enlarge Name: intray pov.png Size: 43 KB
  • #349,144
  • Oct 17, 2013 5:32am Oct 17, 2013 5:32am
Quoting bbmac
I have no ' axe to grind ' here - I am flat now - but longer term bears must again be worrying (?) as price has reached and exceeded the 50% fib of the 6259-5913 pullback in the daily/weekly opa uptrend. Technically there was the bullish regular divergence pattern at yesterday's 5893 low along with a pattern of accumulation - on 4hr (buying points circled) Then today the immediate fundies lined up with the technical and a strong upside move resulted to this point - will it continue to the upside ? - no idea and nor does anyone else have as none...
I only believe in trend. Nothing else matters.
  • #349,145
  • Oct 17, 2013 5:37am Oct 17, 2013 5:37am
Quoting sepuluh
{quote} I have been trading since 2004......( and i still beginner ) conclusion that I found until now : 1. dare to cut loss ! ( enough ! ) 2. When You loss .... stop trading day ! and shut down PC ! 3. there comes a time to market can be analyzed .....there is no time.... Forex Is a Killer...hahahaha
Not really what I asked. I meant, is she re-accumulating or distributing? If, then why there? Do you know?
  • #349,146
  • Oct 17, 2013 5:58am Oct 17, 2013 5:58am
Quoting Itrade24h
{quote} could you send me that murrey maths? my indicator have different levels
Quoting nbelchior
{quote} Hi, Where can i find the indicator you use that shows that pivot points? If you can share it... thanks in advance!
Hi nbelchior and Itrade24h,

That's Customizable Murrey Math's...

Better use Murrey Math_MT_All TF indie ; the Calculations were 'the same' & runs on All Time Frime (No need Changes Setting again)

Found it in http://www.forexfactory.com/showthre...347563&page=43



Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
  • #349,147
  • Oct 17, 2013 6:12am Oct 17, 2013 6:12am
I'm long again, target 1.6121
Face both Win and Lose bravely
  • #349,148
  • Oct 17, 2013 6:54am Oct 17, 2013 6:54am
greetings all, long time lurker...


looking to take some shorts near 6127 with an SL of 20...
Enter Signature
  • #349,149
  • Oct 17, 2013 6:59am Oct 17, 2013 6:59am
Quoting harve
{quote} I'm not 100% sure, but after see this wave, i must think again last candle realy uptrend or just swing down again?? {image}
When lost in direction, turn to higher TF for direction.
Face both Win and Lose bravely
  • #349,150
  • Oct 17, 2013 7:10am Oct 17, 2013 7:10am
Got stopped at 1.61 which brings my total pl to a few positive pips (thank goodness I had pocketed some nice 125 pips yesterday). Now I am neutral, waiting for further developments to have a view.
  • #349,151
  • Oct 17, 2013 7:11am Oct 17, 2013 7:11am
Quoting harve
{quote} I'm not 100% sure, but after see this wave, i must think again last candle realy uptrend or just swing down again?? {image}

Martingale/stacking short.. not the smartest idea. You're gonna get force liquidated (almost guaranteed) and then market will start going down.
  • #349,152
  • Oct 17, 2013 7:15am Oct 17, 2013 7:15am
Still strong, leave TF open.
Face both Win and Lose bravely
  • #349,153
  • Oct 17, 2013 7:20am Oct 17, 2013 7:20am
will be below 1.6120. ill wait the news release
Pecuniae obediunt omnia
  • #349,154
  • Oct 17, 2013 7:25am Oct 17, 2013 7:25am
Market wants to come back to the longer term uptrend started at 1.4800. Bad news for dollar = cable overshoots; good news for dollar = modest pullback. The risk looks a bit asymmetric for now, didn't want to transform a winning position into a heavy losing position which had become a real possibility.
  • #349,155
  • Oct 17, 2013 7:30am Oct 17, 2013 7:30am
If you ask me, most likely it is negative due to those big boys have know the figure.
Face both Win and Lose bravely
  • #349,156
  • Oct 17, 2013 7:35am Oct 17, 2013 7:35am
Was stopped out on all entries, now short from 1.6115
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,157
  • Oct 17, 2013 7:37am Oct 17, 2013 7:37am
Jobless claims fell = good for $ = modest pullback (15 pips).
Still neutral for now.
  • #349,158
  • Oct 17, 2013 7:38am Oct 17, 2013 7:38am
Quoting KillerWhale
Was stopped out on all entries, now short from 1.6115

this move up is fake..i will not be surprised if this thing tanks again
  • #349,159
  • Oct 17, 2013 7:40am Oct 17, 2013 7:40am
I am ok, protected.
Set TP at 1.6145; it may hit 1.658 before the next correction.
Face both Win and Lose bravely
  • #349,160
  • Oct 17, 2013 7:43am Oct 17, 2013 7:43am
Quoting KillerWhale
Was stopped out on all entries, now short from 1.6115
Why did you close if you were deciding re-short anyway?
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