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Cable Update (GBPUSD)

  • #350,841
  • Oct 28, 2013 7:40am Oct 28, 2013 7:40am
this is going to 1.66 pretty soon
  • #350,842
  • Oct 28, 2013 7:40am Oct 28, 2013 7:40am
Good day,

May want to test 1.6144 next

Regards
  • #350,843
  • Oct 28, 2013 7:45am Oct 28, 2013 7:45am
your chart is awesome, what software do you use.
thanks

@JimmyC

>GU Daily

>

>Divergence in effect

deep RoT is essential for everlasting happyness
  • #350,844
  • Oct 28, 2013 7:47am Oct 28, 2013 7:47am
Quoting Hunterrus
and who told you about the fall at 14 00 GMT
GU Daily

Divergence on RSI 2 Oct confirmation of Stochastic 22 October. The divergence is probably just capping gains not necessarily changing the trend (Daily is still up)

Just teasing some bulls...

G/L
  • #350,845
  • Oct 28, 2013 7:50am Oct 28, 2013 7:50am
Quoting X.work
your chart is awesome, what software do you use. thanks @JimmyC>GU Daily>>Divergence in effect
will pm
  • #350,846
  • Oct 28, 2013 7:55am Oct 28, 2013 7:55am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_1_godzina.png Size: 70 KB
  • #350,847
  • Oct 28, 2013 8:01am Oct 28, 2013 8:01am
75 is now resistance
Gold Annihilation System
  • #350,848
  • Oct 28, 2013 8:11am Oct 28, 2013 8:11am
so bored of this 1.6160 level!!! this could be a bottom for the day ,,,, but would not be surprised if they stop hunt below 1.6120 area.... tbh they could take this as far as 1.58 area before continuing above 1.6260... EDIT: 1.6163 rejected on hourly looks like going lower
Loser trying to become a winner!
  • #350,849
  • Oct 28, 2013 8:14am Oct 28, 2013 8:14am
Pretty much all technicals point south

http://i.imgur.com/H53uPSP.jpg
  • #350,850
  • Oct 28, 2013 8:25am Oct 28, 2013 8:25am
Quoting okanemici
{quote} Maybe you don't see it yet !

I saw a short in the morning and was in profit just for it to reverse. I think it will move both ways and clear orders on both sides. this move to 50 has surprised me. I thought 68 would be defended by the bull which moved from 49 to 68. I still see a long here. don't know why think shorts will be trapped
  • #350,851
  • Oct 28, 2013 8:25am Oct 28, 2013 8:25am
Retail Sales messed up with the bulls' party. It is minor news, but a valid excuse to bring things to 1.613 levels at least, I think...
  • #350,852
  • Oct 28, 2013 8:26am Oct 28, 2013 8:26am
Imo we are still in correction mode of last bull run from 1.58.xx to 1.62xx. We are in wave c of wave 2.

Attached Image (click to enlarge)
Click to Enlarge Name: GU a.png Size: 36 KB
Never test the depth of water with both feet.
  • #350,853
  • Oct 28, 2013 8:33am Oct 28, 2013 8:33am
Question now becomes - do we bounce or do we break through.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 63 KB
  • #350,854
  • Oct 28, 2013 8:45am Oct 28, 2013 8:45am
Quoting TauTrader
Question now becomes - do we bounce or do we break through. {image}
Imo we will have at least 50% retrace of last bull run from 1.58xx to 1.62xx if it is proved as wave 2. Also if that happen I think it will go for at least 1.64xx after the end of retracement.
Never test the depth of water with both feet.
  • #350,855
  • Oct 28, 2013 8:50am Oct 28, 2013 8:50am
Quoting fxlover11
{quote} Imo we will have at least 50% retrace of last bull run from 1.58xx to 1.62xx if it is proved as wave 2. Also if that happen I think it will go for at least 1.64xx after the end of retracement.
Good day to you, sir

Not so sure.

Regards
  • #350,856
  • Oct 28, 2013 8:52am Oct 28, 2013 8:52am
Quoting Dapsychopath
{quote} hello, morning! 6125 is not void yet! but surely a retest of 6205 is building up. from 1h tf. be ready for it n have a good trading friends.
hello..ok u nice-hearted guys can vouch me now.
my levels will be updated from time to time. right now, it stays with 6138 then 6125.
for proofing, please take a look at my levels since my last 3 posts.
  • #350,857
  • Oct 28, 2013 8:53am Oct 28, 2013 8:53am
Quoting KiwiOz
{quote} I was looking at that over the weekend. Cable does not appear to be capable of going any higher at this time.... {image}
Agreed. Cable is cooked. Monthly triangle is complete. Only down now.
Ultimately 1.48 should be revisited in the mid-term. Everything between here and there is just intraday and intraweek cyclicals.
Now it seems that selling rallies is the order of the day. However, I would not rule out extra volatility while the market re-assesses it's USD short positions. The USD still has a bit of room left to the downside, so any USD negative news that emerges, may shoot this pair right up, but should be very limited to sub 1.6300
Those who say it cannot be done should not interrupt those who are doing it
  • #350,858
  • Oct 28, 2013 8:55am Oct 28, 2013 8:55am
Quoting PipTrapper
{quote} Agreed. Cable is cooked. Monthly triangle is complete. Only down now.
  • #350,859
  • Oct 28, 2013 8:56am Oct 28, 2013 8:56am
Quoting TauTrader
Question now becomes - do we bounce or do we break through. {image}
Looks like the H4 triangle has broken to the downside.
We may get a retest of the ascending triangle support around 1.6180, but ultimately the next target is 1.6040 (as measured from the height of the triangle)
Those who say it cannot be done should not interrupt those who are doing it
  • #350,860
  • Oct 28, 2013 9:03am Oct 28, 2013 9:03am
Quoting PipTrapper
{quote} Looks like the H4 triangle has broken to the downside. We may get a retest of the ascending triangle support around 1.6180, but ultimately the next target is 1.6040 (as measured from the height of the triangle)
A bounce
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 62 KB
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