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Cable Update (GBPUSD)

  • #351,501
  • Oct 31, 2013 3:00pm Oct 31, 2013 3:00pm
Quoting nAVIN2007
{quote} this is a formation called wrath of khan wipeout {image}
No need, probability Inside bar on daily = continuation... If we do not have a break to the up - side then the natural course is for the IB to break to the downside and signal continuation of the now ST becoming MT down trend...


GU is such a come hither , go away girl... but she is structured

Inserted Video


G/L
  • #351,502
  • Oct 31, 2013 3:03pm Oct 31, 2013 3:03pm
Quoting JimmyC
{quote} No need, probability Inside bar on daily = continuation... If we do not have a break to the up - side then the natural course is for the IB to break to the downside and signal continuation of the now ST becoming MT down trend... GU is such a come hither , go away girl... but she is structured http://youtu.be/lu3VTngm1F0 G/L
the trade really is the euro just a pity im heavy on cable otherwise thats the one..euro likely to drop like pancake
  • #351,503
  • Oct 31, 2013 3:08pm Oct 31, 2013 3:08pm
Quoting suthmo
{quote} Seems to be the exact midpoint of the action going back to 2004. And the middle of this wedge. I haven't looked at it much to be honest I'm not able to offer much insight. {image}
Hmmm I see what you mean. Interesting. Thanks for your response.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,504
  • Oct 31, 2013 3:14pm Oct 31, 2013 3:14pm
USDX is bullish do not expect fail ,also clock monthly


Quoting Bones
this support can be seen usdx ,though no d1 or even w1 {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: usdxweekly 31-10-13.png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,505
  • Oct 31, 2013 3:20pm Oct 31, 2013 3:20pm
High probability to support

Dark Cloud cover as is

is a high probability candle set up
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdweekly 31-10-13.png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,506
  • Oct 31, 2013 3:32pm Oct 31, 2013 3:32pm
eur jpy
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpydaily 31-10-13.png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,507
  • Oct 31, 2013 4:58pm Oct 31, 2013 4:58pm
Quoting nAVIN2007
{quote} this is a formation called wrath of khan wipeout {image}
Attached Image
Founder of Sutherland Wave Principle
  • #351,508
  • Oct 31, 2013 5:05pm Oct 31, 2013 5:05pm
Are we there yet, are we there yet, are we there yet? Bored.com I may have to go over to the euro thread and start a fight to liven things up.
Founder of Sutherland Wave Principle
  • #351,509
  • Oct 31, 2013 6:22pm Oct 31, 2013 6:22pm
Quoting suthmo
Are we there yet, are we there yet, are we there yet? Bored.com I may have to go over to the euro thread and start a fight to liven things up.
I hear Magix is in the mood
http://www.forexfactory.com/showthre...57#post7063057
Those who say it cannot be done should not interrupt those who are doing it
  • #351,510
  • Oct 31, 2013 6:45pm Oct 31, 2013 6:45pm
Quoting PipTrapper
{quote} I hear Magix is in the mood http://www.forexfactory.com/showthre...57#post7063057
Ha Ha he's a consistent asshole, we can give him that. I stuck my nose in there and he didn't jump down my throat yet? Looks like he's had a long day of fighting already and needs a break.
Founder of Sutherland Wave Principle
  • #351,511
  • Oct 31, 2013 8:06pm Oct 31, 2013 8:06pm
Possibility here of an entry for a 3 of 3 if we see a b-wave low here/soon
Attached Image (click to enlarge)
Click to Enlarge Name: 31oct13gbp.png Size: 24 KB
Don't have an ego. Always question yourself and your ability.
  • #351,512
  • Oct 31, 2013 9:42pm Oct 31, 2013 9:42pm
As you guys already noticed CAD GDP came out positive which was the impetus for down moves.
Looking for 400pips south from 6780 area
1st target is 6540 area where PA is heading.If broken then 63 6250 area
To me price enters a zone 20-50pips and either breaks or bounces up.S/R are drawn manually no indicators.
Weekly fib shows 63 as 38fib retrace which should hit at minimum.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpcad.h4.png Size: 40 KB
Click to Enlarge Name: gbpcad.weekly.png Size: 39 KB
In trading, you have to be defensive and aggressive at the same time
  • #351,513
  • Nov 1, 2013 12:24am Nov 1, 2013 12:24am
Quoting Davit
As you guys already noticed CAD GDP came out positive which was the impetus for down moves. Looking for 400pips south from 6780 area 1st target is 6540 area where PA is heading.If broken then 63 6250 area To me price enters a zone 20-50pips and either breaks or bounces up.S/R are drawn manually no indicators. Weekly fib shows 63 as 38fib retrace which should hit at minimum. {image} {image}
Davit FYI we do have a breakout in the weekly and the monthly for this pair so be careful
  • #351,514
  • Nov 1, 2013 12:48am Nov 1, 2013 12:48am
Quoting iNSIELD
{quote} Davit FYI we do have a breakout in the weekly and the monthly for this pair so be careful

Thanks bro I already moved my stops so now its just free trades.
I'll love to reload from 1.68 and higher again.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #351,515
  • Nov 1, 2013 1:00am Nov 1, 2013 1:00am
Howzit GU!

Daily

The daily range yesterday sits within the previous days range, creating an inside bar.

The IB has a reversal connotation but there are instances where it also signals continuation. Either way its not a very high probability setup as it sits now. I've drawn a IB strategy for continuation (just as an example) don't trade it, there is trouble here for sure.

Data out, GBP Manufacturing PMI will set the tone

To add insult to injury todays candle is inside yesterdays, so the indecision in this pair makes it safer to leave alone, the data will set the tone.

Have a good Friday!

Attached Image (click to enlarge)
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  • #351,516
  • Nov 1, 2013 1:10am Nov 1, 2013 1:10am
As an after thought,

GU 4H

Symmetrical triangle (for now) could break either side but the downside has some limited progress imo before it chops, the upside would have a bit more strength...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD4H friday.png Size: 54 KB
  • #351,517
  • Nov 1, 2013 2:30am Nov 1, 2013 2:30am
Quoting okanemici
{quote} {quote} Perfect short setup in gbpnzd guys, don't miss this.It dropped and pullback completed.I'm short kiwi 1.9405 .
Praising what is lost makes the remembrance dear.Shorted kiwi right on the top
  • #351,518
  • Nov 1, 2013 2:43am Nov 1, 2013 2:43am
Quoting Bones
eur jpy {image}
awesome

looking to follow your path ..when i grow some nuts bro
  • #351,519
  • Nov 1, 2013 3:03am Nov 1, 2013 3:03am
Quoting negrada
I think you didn't understand what happened so I'll say again. I entered a order to short at 4pm. The broker rejected because their server was \"down\" and only resumed trading after the expected price drop. Where was I at fault here?
Thats outrageous, which broker?
  • #351,520
  • Nov 1, 2013 3:06am Nov 1, 2013 3:06am
pound heading south before data????...mmmm
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