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Cable Update (GBPUSD)

  • #352,141
  • Nov 6, 2013 7:37pm Nov 6, 2013 7:37pm
Quoting Bones
lol why ? {quote}
Because that is where the pullback ends ! Watch and see.
  • #352,142
  • Nov 6, 2013 7:37pm Nov 6, 2013 7:37pm
?



Quoting okanemici
Bastards fake again, this is a long audusd 0.9483 and long audjpy 93.62 right here
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audUSD Spot.png Size: 38 KB
Click to Enlarge Name: aud 2USD Spot.png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,143
  • Nov 6, 2013 7:37pm Nov 6, 2013 7:37pm
Quoting Baggi
{quote} And you know this because?
Experience.Watch and see.
  • #352,144
  • Nov 6, 2013 7:41pm Nov 6, 2013 7:41pm
you still long ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,145
  • Nov 6, 2013 7:43pm Nov 6, 2013 7:43pm
Your have to help me out further why you think otherwise ?




Quoting okanemici
{quote} Because that is where the pullback ends ! Watch and see.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,146
  • Nov 6, 2013 7:45pm Nov 6, 2013 7:45pm
Quoting Bones
? {quote} {image} {image}
Above I showed where usdlfx will reverse in the afternoon, and it reversed right ? Now I say it will reverse again and it will reverse.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.jpg Size: 225 KB
  • #352,147
  • Nov 6, 2013 7:49pm Nov 6, 2013 7:49pm
right secret squirrel l ,and aud usd will reverse also ..



Quoting okanemici
{quote} Above I showed where usdlfx will reverse in the afternoon, and it reversed right ? Now I say it will reverse again and it will reverse. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,148
  • Nov 6, 2013 7:51pm Nov 6, 2013 7:51pm
Quoting Bones
you still long ?
They played it very nicely I admit, but hell yeah I'm still long
  • #352,149
  • Nov 6, 2013 7:56pm Nov 6, 2013 7:56pm
Quoting Bones
Your have to help me out further why you think otherwise ? {quote}
Do you see the price action in usdlfx now ? Why doesn't it go up any further ? Because It will drop like a stone...
  • #352,150
  • Nov 6, 2013 7:59pm Nov 6, 2013 7:59pm
Good Morning!
Today's SR levels on MT4 Templates

EURO
CABLE
AUDUSD
EURUSD

http://www.forexfactory.com/showthre...25#post7074125
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #352,151
  • Nov 6, 2013 8:09pm Nov 6, 2013 8:09pm
well its stuck in a channel ,which is why you can say here ,here with the lines I guess


Quoting okanemici
{quote} Do you see the price action in usdlfx now ? Why doesn't it go up any further ? Because It will drop like a stone...
Attached Image (click to enlarge)
Click to Enlarge Name: USDLFXH4 7-11-13.png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #352,152
  • Nov 6, 2013 8:23pm Nov 6, 2013 8:23pm
Quoting Bones
well its stuck in a channel ,which is why you can say here ,here with the lines I guess {quote} {image}
I don't use lines.
  • #352,153
  • Nov 6, 2013 10:36pm Nov 6, 2013 10:36pm
Quoting danko316
{image}
Your wave 4 retraces 61.8% of wave 3 . Looks like unusual. If it is corrective wave then I will prefer to count it as wave 2 of wave 3. But if that happen strong downward wave that is wave 3 of 3 should be started. Again if it is a new impulse wave wave 1 as the wave looks much impulsive then it will continue rise after good correction towards 1.6000 level.
Never test the depth of water with both feet.
  • #352,154
  • Nov 6, 2013 10:46pm Nov 6, 2013 10:46pm
Quoting harora
{quote} nice scale in .... !!! way to go man ...
Sir, H

Thank you - still trying to tweak the scalping thing.

All success

Regards
  • #352,155
  • Nov 6, 2013 10:47pm Nov 6, 2013 10:47pm
Quoting Pumpndump
{quote} spot on sir, good job

Sir, P

  • #352,156
  • Nov 6, 2013 10:54pm Nov 6, 2013 10:54pm
Good day to you,

Looking at the daily chart - scalping setup is indicating a possible long forming on GU. I'm going to therefor build a long. Will risk 1% of account value as a stop. Target not sure - but 1.6200 and 1.6210 looks like a likely target.

I'm still working on this - so expecting anything. This is not a trade recommendation.

All the best
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 71 KB
  • #352,157
  • Nov 6, 2013 11:25pm Nov 6, 2013 11:25pm
Take a look at this four hour chart of GBPUSD:

Attached Image


Take away the wicks after each surge up and look how flat it is. Step up, flat, step up, flat, step up, flat.

I don't know that I've ever seen such a consistent pattern before.
  • #352,158
  • Nov 6, 2013 11:57pm Nov 6, 2013 11:57pm
Today is the day for big Gold Bull !!! Buy anything 1308-1318 for God's sake !
  • #352,159
  • Nov 7, 2013 1:53am Nov 7, 2013 1:53am
Quoting okanemici
Today is the day for big Gold Bull !!! Buy anything 1308-1318 for God's sake !

I'm not attempting to argue, but would be inclined to look the other way. The support so far offered by the extension level has been under pressure for most of the week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusdweekly.png Size: 71 KB
Click to Enlarge Name: xauusddaily.png Size: 72 KB
Click to Enlarge Name: xauusdh4.png Size: 66 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #352,160
  • Nov 7, 2013 2:00am Nov 7, 2013 2:00am
Howzit GU!


Big picture
The US remains addicted to QE as does the UK and we might find out for how much longer today. The UK real economy doesn't mirror the Euphoric markets around the globe. Correction seems to be approaching, how long will it be till we see correction.

Caution huge event risks starting in 4+ hours Rate Statement & Mario all focus on the ECB press conference
Attached Image (click to enlarge)
Click to Enlarge Name: Event risks.png Size: 34 KB


The technical picture will be event driven, range compression is the name of the game before the market starts to swing everywhere. Remember NFP tomorrow, so new positions will execute quickly either way

GU 4H
Attached Image (click to enlarge)
Click to Enlarge Name: 4HGBPUSD.png Size: 25 KB


Have a great day!



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