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Cable Update (GBPUSD)

  • #349,541
  • Oct 20, 2013 10:27pm Oct 20, 2013 10:27pm
1H completed the ABC correction cycle, should move up now.
Face both Win and Lose bravely
  • #349,542
  • Oct 20, 2013 10:28pm Oct 20, 2013 10:28pm
does anybody have a clue what gbp/usd is doing today. seems like 1.6152 is a strong support. I don't quite understand this upmove
  • #349,543
  • Oct 20, 2013 10:30pm Oct 20, 2013 10:30pm
Quoting Cowboy11
{quote} My view is that GU has to break 1.63xx before the turn.
nice analysis......

but if from my analysis
I am still a little confused determine
whether up or down (even though i chose GU will go down today )

4H at GU:
beg your ideas.....
Attached Image
  • #349,544
  • Oct 20, 2013 10:33pm Oct 20, 2013 10:33pm
Quoting sepuluh
{quote} nice analysis...... but if from my analysis I am still a little confused determine whether up or down (even though i chose GU will go down today ) 4H at GU: beg your ideas..... {image}


it looks like up. i won't be adding to shorts this time around like I did last time. I want to see break of 1.6150 before adding
  • #349,545
  • Oct 20, 2013 10:37pm Oct 20, 2013 10:37pm
Quoting sepuluh
{quote} nice analysis...... but if from my analysis I am still a little confused determine whether up or down (even though i chose GU will go down today ) 4H at GU: beg your ideas..... {image}
try use stoch with setting (14,3,3). Now is oversold at 4H... I also bias on bearish but now not the good time to short... will wait 1.62xx...
  • #349,546
  • Oct 20, 2013 11:01pm Oct 20, 2013 11:01pm
Quoting Squall_pka1
{quote} try use stoch with setting (14,3,3). Now is oversold at 4H... I also bias on bearish but now not the good time to short... will wait 1.62xx...
thank's for giveachance and Squall_pka1 in advise for me....
you both said gu will go up.
Okay maybe this is idea of me : ( i still chose GU will go down today ... )
but.....i hope your right and i'm wrong....
Attached Image (click to enlarge)
Click to Enlarge Name: 21fx2.GIF Size: 11 KB
  • #349,547
  • Oct 20, 2013 11:14pm Oct 20, 2013 11:14pm
Quoting sepuluh
{quote} nice analysis...... but if from my analysis I am still a little confused determine whether up or down (even though i chose GU will go down today ) 4H at GU: beg your ideas..... {image}
Turn W's chart, whether the ABC cycle complete? If not, it has to complete.
Face both Win and Lose bravely
  • #349,548
  • Oct 20, 2013 11:27pm Oct 20, 2013 11:27pm
Quoting sepuluh
{quote} nice analysis...... but if from my analysis I am still a little confused determine whether up or down (even though i chose GU will go down today ) 4H at GU: beg your ideas..... {image}

When confused in trading the best thing to do is to take profit and do nothing afterwards :-)
The market will deceive you. Make your own judgement.
  • #349,549
  • Oct 20, 2013 11:33pm Oct 20, 2013 11:33pm
Hello GU!

News Dollar Reuters

FOREX -Dollar steady, but seen vulnerable as Fed tapering view recedes

FOREX-Dollar wobbles as Fed tapering expectations pushed back

Note: GU bullish, EU Bullish, Gold bullish
Since we have no other news offerings till tomorrow the above headlines will nudge us up



Good luck and enjoy the quiet day...
  • #349,550
  • Oct 20, 2013 11:36pm Oct 20, 2013 11:36pm
Why some users have Date of joining shown next to their name and some don't? What am I missing?
  • #349,551
  • Oct 20, 2013 11:45pm Oct 20, 2013 11:45pm
For fund investors, their base chart is either D or W, so, those lower TF chart have to inline with their chart. Timings of in/out are just to maximize our profit.
Face both Win and Lose bravely
  • #349,552
  • Oct 20, 2013 11:45pm Oct 20, 2013 11:45pm
Quoting Purple
Why some users have Date of joining shown next to their name and some don't? What am I missing?
Hi Purple,

Looks like you need to mouse over, then it comes up.
  • #349,553
  • Oct 20, 2013 11:48pm Oct 20, 2013 11:48pm
Quoting JimmyC
{quote} Hi Purple, Looks like you need to mouse over, then it comes up.
Yes, but for some user I dont have to mouse over and it is always visible Jimmy..
  • #349,554
  • Oct 20, 2013 11:49pm Oct 20, 2013 11:49pm
GM all,going long on gu scalp mode 15/30 pip tp

GL.
when GOD brings you a challenge he also gives you the power to deal with it
  • #349,555
  • Oct 20, 2013 11:59pm Oct 20, 2013 11:59pm
Quoting Purple
{quote} Yes, but for some user I dont have to mouse over and it is always visible Jimmy..
looks like the v get in the way
  • #349,556
  • Oct 21, 2013 12:06am Oct 21, 2013 12:06am
Quoting JimmyC
{quote} looks like the v get in the way
Oh Yeah, you are right, just noticed it now..
  • #349,557
  • Oct 21, 2013 12:22am Oct 21, 2013 12:22am
On Monday during european session we don’t expect to much movement, depending what price action shows we will be looking for a short position on GBPUSD at 1.6222-1.6227 level, otherwise and still preferable are long positions: first at 1.6140-1.6145, and if this level will not hold then another long position to joint uptrend at around 1.6055-1.6060 level. As the market situation developes we will keep updating.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-tradeseeker-18.10.2013.png Size: 21 KB
Price Action + KISS + PIE = Forex-Entourage
  • #349,558
  • Oct 21, 2013 12:23am Oct 21, 2013 12:23am
Looks like consolidation in this range.
  • #349,559
  • Oct 21, 2013 12:26am Oct 21, 2013 12:26am
Quoting Purple
Why some users have Date of joining shown next to their name and some don't? What am I missing?
You want a experience certificate
  • #349,560
  • Oct 21, 2013 12:28am Oct 21, 2013 12:28am
Quoting sepuluh
{quote} thank's for giveachance and Squall_pka1 in advise for me.... you both said gu will go up. Okay maybe this is idea of me : ( i still chose GU will go down today ... ) but.....i hope your right and i'm wrong.... {image}

No I am not saying it will go up. I have no clue what it will do today. definitely I won't add to shorts on rallies
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