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Cable Update (GBPUSD)

  • #349,241
  • Oct 17, 2013 11:48am Oct 17, 2013 11:48am
Quoting PIPot
on oct 9 there was FOMC speach, daily candle on cable went bearish. on oct16 there was also FOMC speach and daily candle went bearish... now both evans and george will speak are we going to see a bearish one?
i bet nope. no signal for bearish to remain (or enter a new one) in the market atm.
every single timeframe is bullish.. a strong bullish .. maybe reaching out to 1.65-67..

it's unfortunate, we had false breakout of upper trendline. if she's bearish, she'll be at 1.57 since yesterday..

my 2 cents
  • #349,242
  • Oct 17, 2013 11:51am Oct 17, 2013 11:51am
Quoting PIPot
im risking it all ahahahah
We are in the same boat bro
  • #349,243
  • Oct 17, 2013 11:53am Oct 17, 2013 11:53am
Quoting nAVIN2007
{quote} literally every1 is short on cable and this H + S is not ideal bro..right side should have been lower to be ideal.. anyway i hope u are right..haha
I know
New voice message: Why are you calling me? If I need you, I'll call you!
  • #349,244
  • Oct 17, 2013 11:55am Oct 17, 2013 11:55am
Quoting PIPot
its a trap. ahahah it will make a double top killing the shorts with sl. then will be bearsih...
maybe, everything is possible but MM and discipline(and deeeeep pockets) is the cure for SL hunters.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #349,245
  • Oct 17, 2013 11:56am Oct 17, 2013 11:56am
i closed it but i have pending short. i just need this 4h candle to end..
Pecuniae obediunt omnia
  • #349,246
  • Oct 17, 2013 11:58am Oct 17, 2013 11:58am
Quoting nAVIN2007
{quote} literally every1 is short on cable and this H + S is nonAVINt ideal bro..right side should have been lower to be ideal.. anyway i hope u are right..haha
nAVIN You are using a completely wrong MACD
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  • #349,247
  • Oct 17, 2013 12:01pm Oct 17, 2013 12:01pm
Boys, I had a feeling this might play out like this, it looked all too rosy turning at 1.624, anyway not to fear I have just shorted, you probably noticed the price drop 2 pips . Ive got sl set at 1.66 as I am playing those 440 pips ive made over two lots earlier on this move.
  • #349,248
  • Oct 17, 2013 12:09pm Oct 17, 2013 12:09pm
Quoting bikov
{quote} no hopes, just stop loses the market masters/big players knew that every little fish on this planet would buy USD after the deal in US and made an ambush for catching as many SL as they could. I think now the game is over and we should see move to south. UK it's not in much better condition than US so this upward move in cable isn't very logical but somebody is counting money made on this, fluck logic, earning money is the name of the game not logic (I have too much logic, gotta clear my head). Anyway, my bet is on the dollar and time...
Lol. I like the word, hope, it gives me... Ahh... Hope.

This is move may be forming leg B on 4h so if we bounce lower I'd expect a rip higher and then the drop. We'll see. But .63 I got on a weekly. Anything is possible so I use my sl wisely.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #349,249
  • Oct 17, 2013 12:14pm Oct 17, 2013 12:14pm
.. possible TL ..
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-10-18 01_12_09-56738_ XeMarkets MT4 - GBPUSD,Daily.png Size: 21 KB
  • #349,250
  • Oct 17, 2013 12:18pm Oct 17, 2013 12:18pm
Quoting KillerWhale
{quote} nAVIN You are using a completely wrong MACD

huh how?
  • #349,251
  • Oct 17, 2013 12:20pm Oct 17, 2013 12:20pm
Quoting RavBRD
{quote} We are in the same boat bro

with all the position we have collectively ..we should have hit the floor already
  • #349,252
  • Oct 17, 2013 12:22pm Oct 17, 2013 12:22pm
Quoting nAVIN2007
{quote} with all the position we have collectively ..we should have hit the floor already
Good Day Sir,

Let's hope its the real thing down this time! I need a good pay day .

Cheers
  • #349,253
  • Oct 17, 2013 12:26pm Oct 17, 2013 12:26pm
Quoting nAVIN2007
{quote} with all the position we have collectively ..we should have hit the floor already
Let's pray for this
  • #349,254
  • Oct 17, 2013 12:28pm Oct 17, 2013 12:28pm
Quoting RavBRD
{quote} Let's pray for this

thats all that is left
the speakers are around tomorrow..they better not talk no crap
  • #349,255
  • Oct 17, 2013 12:34pm Oct 17, 2013 12:34pm
H&S on the daily forming is what the longer term bears in this pairing must be hoping for right now ?

Last month's monthly close was a bullish thrust and as I mentioned then there has rarely failed to be an upside follow thru on this t/f after such a candle (even after a pullback)....so the bears had better hope that this greater probability - given this candle on this t/f does not play out.

Overhead there are daily weekly and monthly descending trend lines (as well as other potential upside obstacles of course) and nearer term, the former coming thru on tomorrow's daily candle (unlikely to reach it today) around 6250.

Today's daily candle could well close as a bullish thrust and will most likely close as a master bullish engulfing of anywhere between 5 - 9 of the last candle bodies on this t/f.

82% of lots on this site's trade explorer thingy are short now !

Any further upside tomorrow and that 6259 daily/minor weekly swing hi moves into view.

G/L
ex member
  • #349,256
  • Oct 17, 2013 12:46pm Oct 17, 2013 12:46pm
Pretty much got my face torn off selling this thing today....
Enter Signature
  • #349,257
  • Oct 17, 2013 1:01pm Oct 17, 2013 1:01pm
Quoting nAVIN2007
{quote} with all the position we have collectively ..we should have hit the floor already
MACD is 2 moving averages (2 lines) and a histogram which is the difference between those 2 lines.
You show 1 moving average, the second is your histogram. That's the standard macd in MT4 which is completely wrong.
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  • #349,258
  • Oct 17, 2013 1:06pm Oct 17, 2013 1:06pm
Quoting KillerWhale
{quote} MACD is 2 moving averages (2 lines) and a histogram which is the difference between those 2 lines. You show 1 moving average, the second is your histogram. That's the standard macd in MT4 which is completely wrong.
Here are the right files
Attached File(s)
File Type: mq4 macd_adjustable.mq4   4 KB | 300 downloads
File Type: ex4 Moving Averages.ex4   5 KB | 274 downloads
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  • #349,259
  • Oct 17, 2013 1:07pm Oct 17, 2013 1:07pm
Fuckin' Cable have last chance. Officialy we have uptrend from now but more likely a consolidation with bounce from a SUPPLY area now.
Overbought STO and XABCD formation which is creating, as you can see (not on chart).
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot077.png Size: 50 KB
  • #349,260
  • Oct 17, 2013 1:12pm Oct 17, 2013 1:12pm
Will the bears be saying a prayer before bed tonight ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 98 KB
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