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Cable Update (GBPUSD)

  • #355,101
  • Dec 2, 2013 3:19pm Dec 2, 2013 3:19pm
And so as Gold gets slammed, Cable produces a pin on the 61.8 FE, and EG strikes - give or take a pip or two - that 61.8 FE that I've been harping on about for a while now.

I would not be looking to long, or short, Cable, just yet. Indeed, I'm keeping my eyes open for a breach north once more of the 61.8 FE on Cable, a retrace back onto it, and for it to hold as support. Then I may take a long, if the move looks like a classic 1, 2, 3 play
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #355,102
  • Dec 2, 2013 3:22pm Dec 2, 2013 3:22pm
Forgot to add, the Dollar may well have seen its retrace south as the red MAs of the Guppy profile were inverting north. Today's little push may be the beginning of a push back up the -23.6/-38.2 FE marks.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #355,103
  • Dec 2, 2013 5:11pm Dec 2, 2013 5:11pm
If this is a correction and not a top, I think we could head all the way down to 6250 before turning around.

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  • #355,104
  • Dec 2, 2013 5:36pm Dec 2, 2013 5:36pm
shorting gbp/usd SL - last high, gbp/aud SL - last high, IMO its ready to give way to USD this weak
  • #355,105
  • Dec 2, 2013 5:44pm Dec 2, 2013 5:44pm
That is a very real possibility. It's come up a very long way. And we've had a lot of weekly candles that were up, in a row.

It only seems reasonable that even if we are still going to go up, we're going to take a breather, eventually.

As for me, I'm buying on the way down. If this is a top, I'll be in some big trouble.
  • #355,106
  • Dec 2, 2013 9:11pm Dec 2, 2013 9:11pm
So already applied for weekly correction or so gu ,eu & other allied & more gold down ( at very risky place though near the year long target 1032 or even breaks there possible to 2008 prices !!) , lets see .
fontu
http://www.forexfactory.com/showthre...76#post7124376
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #355,107
  • Dec 2, 2013 10:58pm Dec 2, 2013 10:58pm
Hi all,

I am not short yet today
  • #355,108
  • Dec 3, 2013 1:10am Dec 3, 2013 1:10am
Quoting DailyChart
Hi all, I am not short yet today
Do I need to know if you are short today or not?
The Market pays you to be disciplined
  • #355,109
  • Dec 3, 2013 1:43am Dec 3, 2013 1:43am
Quoting mima
{quote} Do I need to know if you are short today or not?
I'm not short yet. But you don't need to know that either.
  • #355,110
  • Dec 3, 2013 1:47am Dec 3, 2013 1:47am
Quoting Baggi
{quote} I'm not short yet. But you don't need to know that either.
That's good. I am tall also
Those who say it cannot be done should not interrupt those who are doing it
  • #355,111
  • Dec 3, 2013 1:50am Dec 3, 2013 1:50am
today sell GBPUSD now (1.6386) sure 100% profit Tp1= 1.6325, there shown bearish signal on M15,M30,H1
  • #355,112
  • Dec 3, 2013 2:16am Dec 3, 2013 2:16am
Good Morning!
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY
USDJPY
USDCAD

http://www.forexfactory.com/showthre...69#post7130369
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #355,113
  • Dec 3, 2013 2:25am Dec 3, 2013 2:25am
Not much of a move for Spanish Unemployment Figures being so good. The news is not always clear cut. Deceiving at times.
  • #355,114
  • Dec 3, 2013 2:47am Dec 3, 2013 2:47am
Quoting ferreira1239
Not much of a move for Spanish Unemployment Figures being so good. The news is not always clear cut. Deceiving at times.
Once a quarter of the population is unemployed, it's only natural for there to be less people applying for unemployment benefits.
The number tends to be quite volatile anyway so I wouldn't read too much into it.
Furthermore, it's the Xmas season so lots of seasonal jobs created.

The market knows all this and reacts accordingly... This is not breaking news.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #355,115
  • Dec 3, 2013 2:59am Dec 3, 2013 2:59am
Quoting DailyChart
Hi all, I am not short yet today

Quoting Baggi
{quote} I'm not short yet. But you don't need to know that either.
Fantastic...Neither me and I strongly believe rest of the world would miss anything without knowing such important information....
The Market pays you to be disciplined
  • #355,116
  • Dec 3, 2013 2:59am Dec 3, 2013 2:59am
Quoting PipTrapper
{quote} Once a quarter of the population is unemployed, it's only natural for there to be less people applying for unemployment benefits. The number tends to be quite volatile anyway so I wouldn't read too much into it. Furthermore, it's the Xmas season so lots of seasonal jobs created. The market knows all this and reacts accordingly... This is not breaking news. {image}
Some valid points here. Learning something everyday. Thanks PipTrapper
  • #355,117
  • Dec 3, 2013 4:07am Dec 3, 2013 4:07am
short @ 6410 tp 6315
sl 6442
  • #355,118
  • Dec 3, 2013 4:22am Dec 3, 2013 4:22am
Howzit GU!

GU Spot 1H

Taper talk in the back of everyone's minds again however Cable continues to outperform the USD Basket, the PMI release was very bullish and so...
Technical uptrend solidly in place after the break of the 1.63 level with confirmations in place the swing high to 1.66xx is now open. Short positions in this pair are ill advised the preferred strategy would be to buy the dips... with targets above the 1.644 handle.

Attached Image (click to enlarge)
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Of course anything can happen



G/L
  • #355,119
  • Dec 3, 2013 4:33am Dec 3, 2013 4:33am
GOLD WEEKLY CHART

(MELTING ICEBERG SHAPE)

We may see sudden drops to the 680-850 area. BE CAREFULL !!!
Attached Image (click to enlarge)
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  • #355,120
  • Dec 3, 2013 4:46am Dec 3, 2013 4:46am
Quoting mima
{quote} Do I need to know if you are short today or not?
your comment simply wont make u a better trader,I am spend 4 years in the dark room for working hard to read how the price reacts and moves,there are thing that called holidays and weekend for me
It is good for you to learn how to read the price,you still lack of TA skills my friends..if you believe yourself good enough ( not than me ) but from others than I am welcome you anytime for show ur skills to see how accurate you are
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