Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #349,181
Quote
Oct 17, 2013 9:21am Oct 17, 2013 9:21am

6killer2000
| Joined May 2013 | Status: Member | 24 Posts

Quoting akhtergroup

Disliked

{quote} Forced liquidation of idiots who have martingale short positions

Ignored

Be easy dude

Post #349,182
Quote
Oct 17, 2013 9:22am Oct 17, 2013 9:22am

mndomingues
| Joined Apr 2013 | Status: Member | 29 Posts

H/S forming on D1???

Post #349,183
Quote
Oct 17, 2013 9:34am Oct 17, 2013 9:34am

Cowboy11
| Joined Oct 2009 | Status: Choose a good PROJECTOR model | 717 Posts

Bye-bye, let the J series run...........

Face both Win and Lose bravely

Post #349,184
Quote
Oct 17, 2013 9:37am Oct 17, 2013 9:37am

akhtergroup
| Joined Feb 2010 | Status: Member | 475 Posts

Quoting 6killer2000

Disliked

{quote} Be easy dude

Ignored

Post #349,185
Quote
Edited 9:53am Oct 17, 2013 9:42am | Edited 9:53am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,843 Posts

Congress Vote Ends Impasse to Be Revisited in January
By Terry Atlas, Roxana Tiron & Kathleen Hunter - Oct 17, 2013 7:39 PM GMT+0700

http://www.bloomberg.com/news/2013-1...overnment.html

http://s1.reutersmedia.net/resources...1017104824.jpg

Analysis: Washington becomes the biggest risk to the U.S. economy
By Andy Sullivan
WASHINGTON | Thu Oct 17, 2013 6:05am EDT

http://www.reuters.com/article/2013/...99G05T20131017

Always looking the GREAT, never left GOOD Point...

Post #349,186
Quote
Oct 17, 2013 9:46am Oct 17, 2013 9:46am

1pipperhour
Joined Jun 2010 | Status: Member | 1,388 Posts

Quoting KillerWhale

Disliked

{quote} I would say go to www.babypips.com and learn the basics about trading.

Ignored

Oh, don't you start ...

Quoting KillerWhale

Disliked

stopped out again

Ignored

Maybe time for www.babypips.com ?

Post #349,187
Quote
Oct 17, 2013 9:47am Oct 17, 2013 9:47am

bbmac
Joined Jul 2007 | Status: Member | 5,392 Posts

The daily candle obviously isn't closed yet so not a candle but so far it bullishly engulfs the last 8 on that t/f...up move carries on with another leg up from the pullback 6095-58 - a follow thru on the 4hr bull thrust b/o candle that breeched yesterday's hi to the upside before the said pullback. (the greater probability played out !) Price has now breeched the 2nd 4hr descending t/line to the upside, 61.8% of the recent 6259-5913 pullback in daily/weekly opa uptrend, and Daily R2..and is at 200% of 20 day atr now at it's hi. Potential upside obstacles per 4hr chart below and Daily R3/Weekly R2 are @/around 6205.

How are you longer term bears diddling ? - covering yet ?

Shake out or more ?

G/L

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Post #349,188
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Oct 17, 2013 9:59am Oct 17, 2013 9:59am

Even-on-Ten
| Joined Oct 2013 | Status: Member | 39 Posts

Quoting Even-on-Ten

Disliked

... looking to take some shorts near 6127 with an SL of 20...

Ignored

sl was hit...

resold at 6147, 20pip sl again...thats it for today...

Enter Signature

Post #349,189
Quote
Oct 17, 2013 10:03am Oct 17, 2013 10:03am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,841 Posts

Quoting KillerWhale

Disliked

{quote} Would make a nearly perfect H & S pattern.

Ignored

that is exactly what i think it is try to achieve..but not liking this at all

Post #349,190
Quote
Oct 17, 2013 10:05am Oct 17, 2013 10:05am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,841 Posts

Quoting akhtergroup

Disliked

{quote} Forced liquidation of idiots who have martingale short positions

Ignored

that also looks possible

but this chart gave me a good reason to think it was gonna fall..thought it was a good setup..

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Post #349,191
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Oct 17, 2013 10:13am Oct 17, 2013 10:13am

fxmasterdxb
Joined May 2012 | Status: Senior Member | 2,503 Posts

Quoting KillerWhale

Disliked

{quote} Would make a nearly perfect H & S pattern.

Ignored

Exactly what I was thinking about! I just wanted to post a comment talking about the same, anyway no involvement for me until daily candle close

Post #349,192
Quote
Oct 17, 2013 10:13am Oct 17, 2013 10:13am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,841 Posts

i guess the support simply held since GBP is on a roll..miscalculation of vital support

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Post #349,193
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Oct 17, 2013 10:14am Oct 17, 2013 10:14am

bbmac
Joined Jul 2007 | Status: Member | 5,392 Posts

1hr is in a general opa (overall price action-fractal price swing analysis) uptrend. 4hr is mixed - ie no opa uptrend but looking more bullish than bearish now. Daily is in a general opa uptrend as is s weekly...although at yesterday's low this was a LL on the daily.

Daily H&S forming is a possibility but not a probability at this stage (imperfect though the pattern would be per classic H&S's,) ...but we will know more on the balance of those two at close of today's daily candle close and if not then tomorrow's ?

G/L

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ex member

Post #349,194
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Oct 17, 2013 10:15am Oct 17, 2013 10:15am

sepuluh
| Joined Jul 2010 | Status: Member | 122 Posts

G/U fly to the moon.........

Post #349,195
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Oct 17, 2013 10:17am Oct 17, 2013 10:17am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,841 Posts

might be range extreme..last hope

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Post #349,196
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Oct 17, 2013 10:18am Oct 17, 2013 10:18am

Moominpapa
| Joined Aug 2013 | Status: Member | 22 Posts

If you look at the smaller time frame charts but especially the 4 hours you will see that it bounces of the .23 Fib line 5 times, 5 TIMES!!!, in a classic rising wedge formation. i actually missed this somehow, i can't just blame being at work because its so in your face. Greater probability was in favour of a rise. Thats quite a rise though.

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Post #349,197
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Oct 17, 2013 10:21am Oct 17, 2013 10:21am

bbmac
Joined Jul 2007 | Status: Member | 5,392 Posts

Hi Nav

You've marked on your weekly chart posted above and replicated below....what I think you are referring to as hidden divergence ...but look where it came at - a fractal HH after 2 x fractal HL's on that weekly t/f - so it was already in an uptrend ! - and anyway, if hidden divergence is a way of entering the next higher t/f trend after a pullback - then where was the downtrend on the monthly ? - this t/f is clearly rangy. Whatever happens ie whether price continues up or goes down - it was not a good set-up !

G/L mate - hope your shorts work out for you.

Quoting nAVIN2007

Disliked

{quote} that also looks possible but this chart gave me a good reason to think it was gonna fall..thought it was a good setup.. {image}

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Post #349,198
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Oct 17, 2013 10:27am Oct 17, 2013 10:27am

Tsar
Joined Dec 2009 | Status: The New Legend™ | 4,843 Posts

Quoting Tsar;

Disliked

http://s1.reutersmedia.net/resources...1017104824.jpg

Analysis: Washington becomes the biggest risk to the U.S. economy
By Andy Sullivan
WASHINGTON | Thu Oct 17, 2013 6:05am EDT

http://www.reuters.com/article/2013/...99G05T20131017

Ignored

To be Continued ???

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Always looking the GREAT, never left GOOD Point...

Post #349,199
Quote
Oct 17, 2013 10:31am Oct 17, 2013 10:31am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,841 Posts

Quoting bbmac

Disliked

Hi Nav You've marked on your weekly chart posted above and replicated below....what I think you are referring to as hidden divergence ...but look where it came at - a fractal HH after 2 x fractal HL's on that weekly t/f - so it was already in an uptrend ! - and anyway, if hidden divergence is a way of entering the next higher t/f trend after a pullback - then where was the downtrend on the monthly ? - this t/f is clearly rangy. Whatever happens ie whether price continues up or goes down - it was not a good set-up ! G/L mate - hope your shorts work...

Ignored

its a chart setup which i have to learn from..yes i agree..thanks buddy