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Cable Update (GBPUSD)

  • #351,321
  • Oct 30, 2013 1:23pm Oct 30, 2013 1:23pm
general downside react so far - that ascending daily/weekly t/line breeched.....lots of volatility and bounces on the lower t/f's.....offers absorbing the bids so far....ahead of that 5983 previous minor weekly/daily/4hr swing lo there are fibs at 6011,5987,5978,5946,5939, and 5919...Daily s1 is nearest calculated pivot @/around 5997. 5959-63 is Weekly S3 and Monthly Pivot @/around.

G/L
ex member
  • #351,322
  • Oct 30, 2013 1:23pm Oct 30, 2013 1:23pm
Quoting KillerWhale
4 hr is now piercing the 200 EMA
  • #351,323
  • Oct 30, 2013 1:24pm Oct 30, 2013 1:24pm
remember guys that 23.6 fib, at 5980. its coming now
  • #351,324
  • Oct 30, 2013 1:25pm Oct 30, 2013 1:25pm
1.6000+ s1+ support= buy
  • #351,325
  • Oct 30, 2013 1:27pm Oct 30, 2013 1:27pm
It's over for Cable now. Unless we see seriously negative US data, this puppy is heading down... way down.

G/U Weekly
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Those who say it cannot be done should not interrupt those who are doing it
  • #351,326
  • Oct 30, 2013 1:27pm Oct 30, 2013 1:27pm
Dont panic its gona back to 6100 soon. If not then sorry follow the trend next time.
  • #351,327
  • Oct 30, 2013 1:28pm Oct 30, 2013 1:28pm
Quoting Trader88q
Dont panic its gona back to 6100 soon. If not then sorry follow the trend next time.
well... i hope not...
  • #351,328
  • Oct 30, 2013 1:29pm Oct 30, 2013 1:29pm
Quoting JimmyC
{quote}
next 1.5971 then 1.58925 <- If that breaks we are officially in a bear market ... trend

I'm short, (not really I'm tall with brown hair and hazel eyes)
Just kidding.

Stops tight good night


G/L
  • #351,329
  • Oct 30, 2013 1:31pm Oct 30, 2013 1:31pm
Quoting JimmyC
{quote} next 1.5971 then 1.58925 <- If that breaks we are officially in a bear market ... trend I'm short, (not really I'm tall with brown hair and hazel eyes) Just kidding. Stops tight good night G/L
G'Nite Jimmy.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,330
  • Oct 30, 2013 1:35pm Oct 30, 2013 1:35pm
Thank you fomc, you rock my world...
  • #351,331
  • Oct 30, 2013 1:37pm Oct 30, 2013 1:37pm

Quoting PipTrapper
{quote} G'Nite Jimmy.
Night Bro....

I missed my equity entry

Happier that the next two weeks have some (upside ) Bear to enjoy

Be well
  • #351,332
  • Oct 30, 2013 1:38pm Oct 30, 2013 1:38pm
If gbpusd go under 1,59.....make a big double top!!!
  • #351,333
  • Oct 30, 2013 1:42pm Oct 30, 2013 1:42pm
Quoting PipTrapper
{quote} Fed statement was hawkish for the US economy. Therefore, it's good for Equities but also good for USD. Good for USD for two reasons. 1. Better US growth 2. Higher chance of taper before April 2014 Equities are due for a correction though, so it's touch and go there. Now we see what happens with month end flows.

i agree the USD may get stronger but the GBP may also get stronger as well..i currency pair i like and i went long last week was the USDCAD...the loonie mayget alot weaker based on canada may addmore stimulus..
  • #351,334
  • Oct 30, 2013 1:43pm Oct 30, 2013 1:43pm
Quoting Zink
If gbpusd go under 1,59.....make a big double top!!!
Not maybe... For sure. (if 1.5900 is breached and held)
Those who say it cannot be done should not interrupt those who are doing it
  • #351,335
  • Oct 30, 2013 1:46pm Oct 30, 2013 1:46pm
Quoting ninner
{quote} i agree the USD may get stronger but the GBP may also get stronger as well..i currency pair i like and i went long last week was the USDCAD...the loonie mayget alot weaker based on canada may addmore stimulus..
I was very bullish the U/CAD until Harper announced that Canada's resources sectors are open to foreign investment. So I closed all 6 long positions in profit and walked away. In hindsight it probably wasn't the best decision, but I still believe that 2014 will see a stronger Loonie helped along by large acquisitions from foreign companies... especially Chinese ones.
Regardless, I think the top for U/CAD comes in around 1.06
Those who say it cannot be done should not interrupt those who are doing it
  • #351,336
  • Oct 30, 2013 1:51pm Oct 30, 2013 1:51pm
short!GL
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when GOD brings you a challenge he also gives you the power to deal with it
  • #351,337
  • Oct 30, 2013 2:05pm Oct 30, 2013 2:05pm
Quoting Pipocrates
1.6000+ s1+ support= buy

oh yeah
  • #351,338
  • Oct 30, 2013 2:07pm Oct 30, 2013 2:07pm
Big Mac and chips secured.
Attached Image (click to enlarge)
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  • #351,339
  • Oct 30, 2013 2:08pm Oct 30, 2013 2:08pm
Quoting samansadeghi
GBPUSDM30 {image}
update
gbpusd m15
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THERE IS NO SYSTEM
  • #351,340
  • Oct 30, 2013 2:14pm Oct 30, 2013 2:14pm
The bears may not satisfied yet. They may be want 1.59xx .
Never test the depth of water with both feet.
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