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Cable Update (GBPUSD)

  • #349,201
  • Oct 17, 2013 7:49am Oct 17, 2013 7:49am
Yesterday was a 3/4 rectangle day, today two rectangles ( now that's a pattern reversal of note )
I'm kidding - range broken, uptrend
GU 4H

To avoid buying the top wait for a correction

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 25 KB




G/L
  • #349,202
  • Oct 17, 2013 8:03am Oct 17, 2013 8:03am
40 pip move down would confirm the short bias for me
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #349,203
  • Oct 17, 2013 8:04am Oct 17, 2013 8:04am
buy the rumour sell the news. short term buying pressure now fading away. sold 1.616 with SL around 1.626 and looking to go back to 1.60-ish, where long term uptrend is likely to come back.
  • #349,204
  • Oct 17, 2013 8:05am Oct 17, 2013 8:05am
Quoting bbmac
4hr is mixed - ie no opa uptrend but looking more bullish than bearish now.
4hr is in downtrend poor babe! Have you so many longs that you see only longs? In the last resort it is consolidatind a 4hr.
poor guy
  • #349,205
  • Oct 17, 2013 8:06am Oct 17, 2013 8:06am
Quoting JimmyC
Yesterday was a 3/4 rectangle day, today two rectangles ( now that's a pattern reversal of note ) I'm kidding - range broken, uptrend GU 4H To avoid buying the top wait for a correction {image} G/L
good chart
  • #349,206
  • Oct 17, 2013 8:09am Oct 17, 2013 8:09am
Quoting Tsar
{quote} Cable in H4 Chart - Update... Touch in SUPPLY Area {image}
No Break No Shake...

Price 1.6167 @ 0.764% Fibo Fan
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-17_Cable in H4 Chart - Double Fibo Fan.jpg Size: 373 KB
Always looking the GREAT, never left GOOD Point...
  • #349,207
  • Oct 17, 2013 8:09am Oct 17, 2013 8:09am
Quoting polbanda
{quote} 4hr is in downtrend poor babe! Have you so many longs that you see only longs? In the last resort it is consolidatind a 4hr. poor guy
I'm short myself. But the way it came back, has me concerned
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #349,208
  • Oct 17, 2013 8:10am Oct 17, 2013 8:10am
Quoting 1pipperhour
{quote} Oh, don't you start ... {quote} Maybe time for www.babypips.com ?
Trend_Masters
  • #349,209
  • Oct 17, 2013 8:11am Oct 17, 2013 8:11am
.....any daily close @/ above 6094 and this current daily candle's body bullishly engulfs the last 8 on that t/f...significant ?

76.4% 6250-5893 @ the current daily hi.

1hr in general opa uptrend, 4hr bullish-mixed...daily/weekly general opa uptrends remain intact - all correct at time of writing.

G/L
ex member
  • #349,210
  • Oct 17, 2013 8:18am Oct 17, 2013 8:18am
Quoting fxmasterdxb
{quote} no involvement for me until daily candle close
Exactly what i was thinking.
Trend_Masters
  • #349,211
  • Oct 17, 2013 8:18am Oct 17, 2013 8:18am
lol thanks for the concern....and good luck selling that upside b/o of a broadening triangle on 4hr chart as a downtrend ! - although 79% of lots on this site's trade explorer are short this pairing - so keep passing round that cool-ade !! I have said all day 4hr is not in what I class as an uptrend (per my opa analysis for determining conditions on any given t/f) but it is looking increasingly more bullish than bearish.

Quoting polbanda
{quote} 4hr is in downtrend poor babe! Have you so many longs that you see only longs? In the last resort it is consolidatind a 4hr. poor guy
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 77 KB
ex member
  • #349,212
  • Oct 17, 2013 8:19am Oct 17, 2013 8:19am
Quoting nAVIN2007
might be range extreme..last hope {image}
Cable in Weekly Chart...

I wish you Luck, mate
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-17_Cable in Weekly Chart.jpg Size: 412 KB
Always looking the GREAT, never left GOOD Point...
  • #349,213
  • Oct 17, 2013 8:20am Oct 17, 2013 8:20am
where is it heading? thats the question? wtf is happening since 2 hrs now. 30 pips down 50 pips up.
  • #349,214
  • Oct 17, 2013 8:31am Oct 17, 2013 8:31am
finally back to my charts i have been busy with family in the last 2 days and had to do limited trading through ipad/iphone, but hey, all my trades did horribly bad because it was depending on "imagenry trendlines". mistake learnt, no more trading from phone

anyway back to trading and my beloved pair, GU

below is how i see the pair, there is a possibility it could hit 1.6278 and then reverse back, overall the pair is in uptrend i was hoping i will look at my chart and it will give me an indication of a number where it should reverse, BUT it seems it will continue the uptrend, ofcourse given daily close above 1.6165.

if it closes below that, i will wait for weekly candle close before taking a trade as shorts does not look favorable for me right now.

please see chart

edit: same chart been posted many times earlier
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD1.gif Size: 19 KB
  • #349,215
  • Oct 17, 2013 8:32am Oct 17, 2013 8:32am
Quoting giveachance
where is it heading? thats the question? wtf is happening since 2 hrs now. 30 pips down 50 pips up.
Hint :

Quoting 1pipperhour
Maybe time for www.babypips.com ?
Always looking the GREAT, never left GOOD Point...
  • #349,216
  • Oct 17, 2013 8:34am Oct 17, 2013 8:34am
Trying short 1.6167
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,217
  • Oct 17, 2013 8:37am Oct 17, 2013 8:37am
Quoting KillerWhale
Trying short 1.6167
I'll wait anothe 4h and possibly until Tuesday to add more s.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #349,218
  • Oct 17, 2013 8:37am Oct 17, 2013 8:37am
Quoting KillerWhale
Trying short 1.6167
dear killer,

im pretty sure you know what you are doing, but dont you think so the pair has been too bullish today? yes it has to pull back a little bit so if you are scalping then that it is great, but otherwise i think it a bit risky

but hey your an expert and you know what you doing
  • #349,219
  • Oct 17, 2013 8:38am Oct 17, 2013 8:38am
1.70910
Founder of Sutherland Wave Principle
  • #349,220
  • Edited 9:08am Oct 17, 2013 8:43am | Edited 9:08am
76.4% 6259-5893 at the current daily hi...price now covered 229% 20 day atr today and 99% 20 week atr so far this week.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 86 KB
ex member
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