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Cable Update (GBPUSD)

  • #350,781
  • Oct 28, 2013 12:58am Oct 28, 2013 12:58am
Quoting Davit
{quote} HH LL mid levels with alarm. How you use it its up to you. {file}

What's the difference in the colors and why the ribbon around the one at the high? Makes it look like a yellow sun?
  • #350,782
  • Oct 28, 2013 1:07am Oct 28, 2013 1:07am
Quoting Baggi
{quote} What's the difference in the colors and why the ribbon around the one at the high? Makes it look like a yellow sun?

Sun is highest High in that Swing. There is a white sun on Lowest low.
Semafor Trading
I trade differently but its used many ways.Link shows example method.
Google semafor and you'll get ton of info.
In trading, you have to be defensive and aggressive at the same time
  • #350,783
  • Oct 28, 2013 1:47am Oct 28, 2013 1:47am
Can anyone tell me if New Home Sales data was released for US last week?
  • #350,784
  • Oct 28, 2013 2:58am Oct 28, 2013 2:58am
No. It is gonna be released this week, today if I'm correct.
  • #350,785
  • Oct 28, 2013 3:05am Oct 28, 2013 3:05am
what a nice fake out. think i will be stopped on my shorts. did not expect 28 pips spike from the low
  • #350,786
  • Oct 28, 2013 3:08am Oct 28, 2013 3:08am
GBPCAD has gone mad.
  • #350,787
  • Oct 28, 2013 3:14am Oct 28, 2013 3:14am
Looking at the potential head and shoulders formation some interaction can be expected around 1.6160-1.6155 level, depending how the situation developes we will be looking for a short position at this level. If the level gets defended we will look for a long position to joint the up trend.
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Price Action + KISS + PIE = Forex-Entourage
  • #350,788
  • Oct 28, 2013 3:15am Oct 28, 2013 3:15am
Quoting ReneRu
GBPCAD has gone mad.

  • #350,789
  • Oct 28, 2013 3:20am Oct 28, 2013 3:20am
Quoting ReneRu
No. It is gonna be released this week, today if I'm correct.
No man, today's one is third on this list:


NEW HOME SALES
EXISTING HOME SALES
PENDING HOME SALES

Existing Home sales was negative at 5.29M. Analysts are expecting big jump in Pending Home sales today at .50% from a negative of -1.60% last time, and from what I can see New Home Sales was supposed to come out last week with expectations of 427K Vs. 421K month before.
  • #350,790
  • Oct 28, 2013 3:24am Oct 28, 2013 3:24am
G/M.

No downside follow thru (yet?) on Friday's lo/close...which is the greater probability re last week's close....there had been a small gap up at open of new week and asian session was neutral...with a bounce up in early London session to bottom 1/2 previous minor 1hr swing hi zone and the steepest descending 1hr t/line....1hr and 4hr remain mixed re opa...1hr below.

G/L
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ex member
  • #350,791
  • Oct 28, 2013 3:35am Oct 28, 2013 3:35am
good news for the bears - now 52% of this site's trade explorer lots are long ! lol.

G/L
ex member
  • #350,792
  • Oct 28, 2013 3:40am Oct 28, 2013 3:40am
Quoting bbmac
good news for the bears - now 52% of this site's trade explorer lots are long ! lol. G/L
hahaha. that was sweet music to me but I still think this move was a fakeout at first place. I think it should go down again to test 1.6145.

Its upto the bear at 94 as to how strong this rally can become
  • #350,793
  • Oct 28, 2013 3:46am Oct 28, 2013 3:46am
Quoting bbmac
good news for the bears - now 52% of this site's trade explorer lots are long ! lol. G/L
This big bear will be quite happy
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Those who say it cannot be done should not interrupt those who are doing it
  • #350,794
  • Oct 28, 2013 3:49am Oct 28, 2013 3:49am
bit late but

GU1H
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  • #350,795
  • Oct 28, 2013 3:53am Oct 28, 2013 3:53am
Quoting bbmac
good news for the bears - now 52% of this site's trade explorer lots are long ! lol. G/L
That is good news.
  • #350,796
  • Oct 28, 2013 3:54am Oct 28, 2013 3:54am
Quoting Pumpndump
{quote} That is good news.

gbp is doing exactly what your username says
  • #350,797
  • Oct 28, 2013 3:55am Oct 28, 2013 3:55am
if this is not a fakeout 1.6215 will be taken out and then 1.6222. I am still in the bear camp. now bear has moved to 1.6205 bull has moved to 89.
  • #350,798
  • Oct 28, 2013 3:56am Oct 28, 2013 3:56am
Quoting Davit
its in going nowhere stage.I put a box around 1hr and looking for break out. {image}

Waiting for the * to break.
  • #350,799
  • Oct 28, 2013 3:57am Oct 28, 2013 3:57am
Quoting PipTrapper
{quote} This big bear will be quite happy {image}

which place is this big bear?
  • #350,800
  • Oct 28, 2013 3:58am Oct 28, 2013 3:58am
I repeat a post I made at the w/e....

'......Per my w/e analysis, whilst I think the immediate greater probability is for more downside in gbpusd, (given how the respective t/f's closed on Friday) I am saying this in the context of rangy-bearish opa (overall price action) conditions on 1hr and 4hr (ie not yet completely bearish) and general opa uptrends on daily and weekly that are still intact. Ie: there has been no real opa downtrends established on the 'significant' 1hr+ t/f's yet. This is the context. Perhaps the break of the 6114-6256/59 1hr/4hr range either way will make the next near-term direction of this pairing clearer ? Time will tell whether this transpires and indeed whether the immediate greater probability plays out or not......'

G/L
ex member
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