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Cable Update (GBPUSD)

  • #354,741
  • Nov 27, 2013 9:39pm Nov 27, 2013 9:39pm
Watching out for possibility of 1440 pip legs to the main 50 fib/resistance/Broken monthly TL retest...

Just putting it out there....
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Come with me if you want to live....
  • #354,742
  • Nov 27, 2013 9:48pm Nov 27, 2013 9:48pm
Quoting Ill-b-back
Watching out for possibility of 1440 pip legs to the main 50 fib/resistance/Broken monthly TL retest... Just putting it out there.... {image}
Interesting... let me know by May if we got there
Best time to plant a tree was 20 years ago, second best is now
  • #354,743
  • Nov 27, 2013 10:04pm Nov 27, 2013 10:04pm
Quoting DailyChart
Resistance break and close above with 4H pinbar {image}
4H Update
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  • #354,744
  • Nov 27, 2013 10:13pm Nov 27, 2013 10:13pm
Quoting horuxito
{quote} Interesting... let me know by May if we got there
Looks to me like (if we do go there) we will be there by January, making this yearly candle a bullish hammer.

Got to run, all the best.

Come with me if you want to live....
  • #354,745
  • Nov 27, 2013 10:31pm Nov 27, 2013 10:31pm
After eating the bitter pill yesterday with my shorts closed at s/l 1.62303 (max bid was 1.62302 + 0.1 pip spread on pepperstone) I decided that from now on I shall be open to sometimes long eur & gbp too
  • #354,746
  • Nov 27, 2013 10:35pm Nov 27, 2013 10:35pm
Howzit! GU

Cable Daily

Break of range (At last)! Support 1.6270 has just begun to hold... This open swing targets 1.660 (will take a while) and 1.675 and the alternates 1.606 & 1.576
MA's still above the 200 day & 50 day averages.

No specific divergences or patterns. I have target hit @ 1.6134 wait and see.

Market Maker talking later... (He's still going to say the same) careful.

G/L
Attached Image (click to enlarge)
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  • #354,747
  • Nov 27, 2013 10:54pm Nov 27, 2013 10:54pm
Carney gonna sink GU tonight giving us a double top while EU sells off for a bit as well?

Would be nice! Maybe not though, trending to the upside very strongly lately.
  • #354,748
  • Nov 27, 2013 10:58pm Nov 27, 2013 10:58pm
Quoting Ck87
Carney gonna sink GU tonight giving us a double top while EU sells off for a bit as well? Would be nice! Maybe not though, trending to the upside very strongly lately.
can't rule out what you said.. Carney though hopeful of a strong recovery in UK economy is a bit dovish in his statements recently..
  • #354,749
  • Nov 28, 2013 12:03am Nov 28, 2013 12:03am
Is there news? Why are we running up so strong all of a sudden?
  • #354,750
  • Nov 28, 2013 12:05am Nov 28, 2013 12:05am
There are EZ news from Spain (GDP & CPI) & Germany a few minutes ago.
  • #354,751
  • Nov 28, 2013 12:09am Nov 28, 2013 12:09am
Quoting PipsMaster23
Im going long at present levels 1.6270, SL 1.6207 & Long 1.3565 on EURUSD,with SL 1.3513 1st Level TP 1.3675 and 1.3730 in extension for EURUSD and 1st Level TP 1.64 and 1.65 in extension for GBP It all looks too bearish at the moment
All are now nicely in profit... GBP once we get over 1.6350, then 1.64 + is just a matter of time.

EURUSD - wants to tackle the 1.3650/1.37 levels.


Thank you market!
Cheers!!
  • #354,752
  • Nov 28, 2013 12:29am Nov 28, 2013 12:29am
Hello all thread readers,

Happy Thanksgiving to any U.s folks here.

Price is challenging very top of that former swing hi from December 2012 that goes to 6351 - this after the pullback from yesterday's hi found fresh support at the breeched 6256/59 former range high on the daily. Daily R1 pivot is at the current hi.

Bulls seems strong - can they make a break over this swing hi ?....low volume possible low liquidity too today - may lead to small pip range today and/or exaggerated moves , particularly during European session ?

More bears have thrown the towel in on trade explorer - lots short down to 72% !

Move up has been on low volume so far this week.


Best Wishes
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it's all gone a bit........
  • #354,753
  • Nov 28, 2013 12:46am Nov 28, 2013 12:46am
Is this a case of bearish divergence in GBPUSD and short the pair now?
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  • #354,754
  • Nov 28, 2013 12:52am Nov 28, 2013 12:52am
Im in the wagon,
Attached Image
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #354,755
  • Nov 28, 2013 1:23am Nov 28, 2013 1:23am
Quoting ffleo
Im in the wagon, {image}
Nice horse
Those who say it cannot be done should not interrupt those who are doing it
  • #354,756
  • Nov 28, 2013 1:26am Nov 28, 2013 1:26am
Huge tick volume at the highs at 1.6345. Possible turning point sl not hit, yet!
  • #354,757
  • Nov 28, 2013 1:28am Nov 28, 2013 1:28am
Quoting kesk
Is this a case of bearish divergence in GBPUSD and short the pair now? {image}
1.6295 is support here. A break below and then we still have more support at 1.6260 and again even stronger at 1.6240.
For resistance we have 1.6345 and then after that it is clear until 1.6450.

So until price gets back below 1.6240, it's a tough call for bears. Maybe Carney can help it along later today.
Those who say it cannot be done should not interrupt those who are doing it
  • #354,758
  • Nov 28, 2013 1:36am Nov 28, 2013 1:36am
declining volumes for a few days now leading into this U.s holiday w/e....big bearish 1hr close rejection from the high - top of that former swing high from December 2012...keeps butting up against former ascending t/line.

Gives the bears some hope ?

Best Wishes.
Attached Image (click to enlarge)
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it's all gone a bit........
  • #354,759
  • Nov 28, 2013 1:45am Nov 28, 2013 1:45am
Quoting petetong
declining volumes for a few days now leading into this U.s holiday w/e....big bearish 1hr close rejection from the high - top of that former swing high from December 2012...keeps butting up against former ascending t/line. Gives the bears some hope ? Best Wishes. {image}
Probably bears will take control for some time. But overall bulls control the market. Let's see.
  • #354,760
  • Nov 28, 2013 2:02am Nov 28, 2013 2:02am
Quoting DailyChart
{quote} 4H Update {image}
Not yet,The bull not finished yet
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