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Cable Update (GBPUSD)

  • #351,581
  • Nov 1, 2013 10:09am Nov 1, 2013 10:09am
Bones charts are concise ,clean and logical
In trading, you have to be defensive and aggressive at the same time
  • #351,582
  • Nov 1, 2013 10:16am Nov 1, 2013 10:16am
ok I move on ,from your technical question I used the word wicks ,collection of rejection from a very strong pivot
but when looking at the single candle wicks either side I ignored


Quoting bbmac
You, in that post (quoted below) are referring to the daily candle of 23/10 and I agree the body represents dark cloud cover...the pic was posted by you originally on 25/10 at end of last week ...In my usual w/e summary post of the same day (25/10) I agreed with the suggestion in the pic you had posted, indeed in my summary I said '....overall across the t/f's discussed above it points to more downside being the greater probability...' As a further point in that chart in your post of 25/10 (no. 350,742) you said that daily candle was dark cloud...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,583
  • Nov 1, 2013 10:16am Nov 1, 2013 10:16am

Quoting Davit
Bones charts are concise ,clean and logical
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,584
  • Nov 1, 2013 10:25am Nov 1, 2013 10:25am
You know I found a mentor on FF who wanted nothing in return ,a true gent who proved he could read price without doubt any one interested in candles
should look him up ,amazing is the only way to describe imo
stuff is not text book and he is real trader who showed how its done




Quoting PipTrapper
{quote} {quote} Okay mates. Let's shake hands now. It's all good. I find value in both your views and analysis and that's what matters the most. Nobody here is expecting to find a mentor to follow, and if they are, well that's a risk they want to take and it's not your problem. Let's enjoy the spoils and have a great weekend, shall we? P.S. I also feel that some Londoners think they are a notch up, but those snobbers don't post here. You generally find them in the news section calling everyone who disagrees with them an idiot or a muppet.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,585
  • Nov 1, 2013 10:36am Nov 1, 2013 10:36am
Quoting Purple
Thats outrageous, which broker?
FXOpen Australia
  • #351,586
  • Nov 1, 2013 10:38am Nov 1, 2013 10:38am
Quoting Bones
You know I found a mentor on FF who wanted nothing in return ,a true gent who proved he could read price without doubt any one interested in candles should look him up ,amazing is the only way to describe imo stuff is not text book and he is real trader who showed how its done {quote}
That's fantastic. Perhaps you could provide a link to his thread?

Anyway, just to clarify, I didn't mean to imply that nobody will find a mentor here. The intended message to both of you was that nobody "expects" either of you to be their mentor.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,587
  • Nov 1, 2013 10:40am Nov 1, 2013 10:40am
Triple bottom at 5893...where to below that....fibo dont lie.....5845 5794 5757.....but more than likely a retracement next week into 6020/6080
Attached Image (click to enlarge)
Click to Enlarge Name: Gu_Daily_Triple_Bottom_2013-11-01_1130.png Size: 186 KB
  • #351,588
  • Nov 1, 2013 10:40am Nov 1, 2013 10:40am
http://www.forexfactory.com/hussin*naiji

Quoting PipTrapper
{quote} That's fantastic. Perhaps you could provide a link to his thread? Anyway, just to clarify, I didn't mean to imply that nobody will find a mentor here. The intended message to both of you was that nobody \"expects\" either of you to be their mentor.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,589
  • Nov 1, 2013 10:40am Nov 1, 2013 10:40am
Can we please get down past 1.5900 today? Pretty please
Those who say it cannot be done should not interrupt those who are doing it
  • #351,590
  • Nov 1, 2013 10:41am Nov 1, 2013 10:41am
Quoting gio123
Triple bottom at 5893...where to below that....fibo dont lie.....5845 5794 5757.....but more than likely a retracement next week into 6020/6080 {image}
Keep fibbing Gio. You got it going on
Those who say it cannot be done should not interrupt those who are doing it
  • #351,591
  • Nov 1, 2013 10:48am Nov 1, 2013 10:48am
Quoting Bones
http://www.forexfactory.com/hussin*naiji {quote}
Thanks. I need some higher education in candle stick analysis. Perhaps I'll learn a few new tricks.
Those who say it cannot be done should not interrupt those who are doing it
  • #351,592
  • Nov 1, 2013 11:08am Nov 1, 2013 11:08am
....price has entered the weekly/daily part of the previous 4hr/daily/minor weekly swing lo down to 5983...23.6% 4811-6259 around the current low. There is a 4hr/minor daily swing lo to 5882 below the main swing described.

Just goes to show price tends to bust thru potential support/resistance on a strongly trending day and the 1hr and 4hr was certainly bearishly ' thrusting' re some of the candles on that t/f today.

Will be interesting to see how the daily and weekly close.

G/L
ex member
  • #351,593
  • Nov 1, 2013 11:10am Nov 1, 2013 11:10am
1.5880 is a target. Gap there on weekly. Always work. Wish I had kept some shorts from 1.62 when I was scalping shrt on cable
  • #351,594
  • Nov 1, 2013 11:24am Nov 1, 2013 11:24am
Quoting NuNix
Still holding my short, targeting 1.5910. {image}
Mission accomplished
Dangdut is a music of my country
  • #351,595
  • Nov 1, 2013 11:27am Nov 1, 2013 11:27am
on weekly it is evening star ,
Evening Star is high probability (3 candle)


whist in consolidation could be said support will not hold
logically rejection of that res level twice will take us to next major support

also consider that without doubt with confirmed falling 2 on daily ,it is trending north
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd w1 1-11-13.png Size: 40 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,596
  • Nov 1, 2013 11:30am Nov 1, 2013 11:30am
Quoting NuNix
{quote} Mission accomplished
Nice trade
  • #351,597
  • Nov 1, 2013 11:44am Nov 1, 2013 11:44am
whilst eur has stopped on tl ,it will be broken imo ,and eur I think will be more bearish than £
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPDaily 1-11-13.png Size: 17 KB
Click to Enlarge Name: EURLFXWeekly 1-11-13.png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #351,598
  • Nov 1, 2013 12:02pm Nov 1, 2013 12:02pm
Hi all

What about that hammer on H1 TF?

Thx
Don't give up
  • #351,599
  • Nov 1, 2013 12:04pm Nov 1, 2013 12:04pm
Dear trader,don't be upset who has placed LONG/BUY GBP/USD,now 1.5900 is the strongest sopport and GBP is also have stronger data,I am trading since 2009,as far my knowledge is concern ,GBP/USD will definitely rise to 1.6020-1.6080 on coming MODAY,ALL THE BEST
  • #351,600
  • Nov 1, 2013 12:45pm Nov 1, 2013 12:45pm
Quoting bikash1247
Dear trader,don't be upset who has placed LONG/BUY GBP/USD,now 1.5900 is the strongest sopport and GBP is also have stronger data,I am trading since 2009,as far my knowledge is concern ,GBP/USD will definitely rise to 1.6020-1.6080 on coming MODAY,ALL THE BEST

You are right. There will be pullback to 1.6020-1.6080 then cable drop to 1.57 / 1.55. Just imo
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