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Cable Update (GBPUSD)

  • #355,441
  • Dec 5, 2013 4:31pm Dec 5, 2013 4:31pm
Quoting PipTrapper
{quote} With weekly MacD and RSX bearish divergences, I wouldn't trust those soldiers any more than I trust my dog with my dinner The three soldiers pattern I would trust is the one that started at 1.4812 (Actual reversal... Not continuation) Food for thought. ADD: By the way, the 3 soldiers is something I always thought of as a 5 wave impulse (Wave 1) followed by a bearish candle (wave 2)
this is not ordinary soldiers mate, this are universal soldiers..
  • #355,442
  • Dec 5, 2013 5:10pm Dec 5, 2013 5:10pm
Quoting A-speculator
{quote} this is not ordinary soldiers mate, this are universal soldiers..

I tried to find 3 white "universal soldiers", but I could only find 2 and a black one.
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #355,443
  • Dec 5, 2013 5:11pm Dec 5, 2013 5:11pm
Quoting PipTrapper
{quote} I tried to find 3 white "universal soldiers", but I could only find 2 and a black one. {image}
it's on weekly mate..
  • #355,444
  • Dec 5, 2013 5:23pm Dec 5, 2013 5:23pm
Quoting A-speculator
{quote} it's on weekly mate..
Oh I know. That was just a joke. I was referring to pictures, not the chart.

Have you noticed the strong double confirmed bearish divergence on the weekly chart?
I do not see any bullish divergence or oversold conditions on any chart.

It's hard to build a case for long positions with these conditions.
I do not see any signals for short either, but there are developing signs, such as 6341 resistance holding (so far) and the bearish divergences on weekly.
Those who say it cannot be done should not interrupt those who are doing it
  • #355,445
  • Dec 5, 2013 9:11pm Dec 5, 2013 9:11pm
Surprisingly, we are still inside the standard deviation channel. I don't expect that to last through NFP though, unless the news for the USofA is bad, which I don't expect. All the other news has been good.

Attached Image (click to enlarge)
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  • #355,446
  • Dec 6, 2013 12:06am Dec 6, 2013 12:06am
it is regular divergence on weekly... means trade vs trend hohoho im looking for hidden divergence which more confirm to short.
  • #355,447
  • Dec 6, 2013 12:45am Dec 6, 2013 12:45am
Quoting Baggi
Surprisingly, we are still inside the standard deviation channel. I don't expect that to last through NFP though, unless the news for the USofA is bad, which I don't expect. All the other news has been good. {image}
yes your right i was just thinking that would be the thing to change the trend other wise ! 1.6140 short for me and could go below 1.6
  • #355,448
  • Edited 1:38am Dec 6, 2013 1:19am | Edited 1:38am
FF for hungry for pop up monies ?? not know! but I see many of them recent time that I can work here properly , even redirected to a website also. anyway,let it go that level of standard !!

gu & gold at their present situation , god at bottom /buy areas playing but can be down to more deep to the yearly limit 1032 without much correction over 1300 or go above 1488 to down further . anyway at very risky buy zone .
gu bull still very active & apparently more bull to follow till a failure or more to crush further .

eu in total indecision yet , that not broken up or trying that hard like gu !!
Thanks take care .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #355,449
  • Dec 6, 2013 2:06am Dec 6, 2013 2:06am
Looks like the British housing market is really heating up.
  • #355,450
  • Dec 6, 2013 2:48am Dec 6, 2013 2:48am
GU founded his harmonic carasteristic...
And these formation can be seen much times on other time frames too.
I hope correction is over!
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Anything is math!
  • #355,451
  • Dec 6, 2013 3:50am Dec 6, 2013 3:50am
i think gbp good to sell at this price. i see like this:
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  • #355,452
  • Dec 6, 2013 4:07am Dec 6, 2013 4:07am
GU H4 GMT+3

Support rejection, bullish candle means bulls are on borad.
Invalidation, close under the lower line of the flag ~6313.
Break out from the flag to north validate 2nd buy signal to ~6523.

Green pips
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Anything is math!
  • #355,453
  • Dec 6, 2013 4:21am Dec 6, 2013 4:21am
wassup guys .

here is my little bit sharing about strategy to trade NFP if you don't want to enter buysell PO .

recommend GU .


take a look later when US index open market and see whether it is bullish candle or bearish candle .

it will slightly shows where the direction for NFP .


US index in my fxprimus: (.DXZ3 )
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Goodluck
  • #355,454
  • Dec 6, 2013 4:33am Dec 6, 2013 4:33am
Quoting 0nlyProfit
wassup guys . here is my little bit sharing about strategy to trade NFP if you don't want to enter buysell PO . recommend GU . take a look later when US index open market and see whether it is bullish candle or bearish candle . it will slightly shows where the direction for NFP . US index in my fxprimus: (.DXZ3 ) {image} Goodluck
Just my thoughts about NFP:

1. Red figures will result in weakeness USD

2. Green figures will result in weak USD as well as it may reault in taper QE
  • #355,455
  • Dec 6, 2013 4:49am Dec 6, 2013 4:49am
Good day to you,

Broker info offline since last night With NFP coming - will look to buy any dip - probably for the last time. I'm taking this trade off the indicator i'm working on - so do not put too much value to my post. PS - if price continues to run higher before NFP, I may close and sit out.

Regards
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  • #355,456
  • Dec 6, 2013 4:59am Dec 6, 2013 4:59am
GU Daily

After breaking resistance at 1.6242 the pair has traded bullishly and has now consolidated into a flag.
Look for the break of 1.64 with confirmed trading above this point to target 1.66.

Attached Image (click to enlarge)
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Our rainbow nation has lost its father and we are heartbroken today
Its now up to his son's and daughters to preserve the peace he crafted for us.
Hamba Khale Tata Madiba

Attached Image
  • #355,457
  • Dec 6, 2013 5:00am Dec 6, 2013 5:00am
Quoting Estupido
{quote} Just my thoughts about NFP: 1. Red figures will result in weakeness USD 2. Green figures will result in weak USD as well as it may reault in taper QE

Estupido, yes ofcourse , but i mean we can enter trade before the news release.
  • #355,458
  • Dec 6, 2013 5:13am Dec 6, 2013 5:13am
Quoting JimmyC
GU Daily After breaking resistance at 1.6242 the pair has traded bullishly and has now consolidated into a flag. Look for the break of 1.64 with confirmed trading above this point to target 1.66. {image} Our rainbow nation has lost its father and we are heartbroken today Its now up to his son's and daughters to preserve the peace he crafted for us. Hamba Khale Tata Madiba {image}
Good day to you, Mr.J

Yes - a sad day for all of us. I pray we can continue building our nation and our children's future in this beautiful country. The decision is ours to make. Madiba left us with so much to think about. He will be missed. A wonderful individual. A Giant.

May he be at peace.

All the best
  • #355,459
  • Dec 6, 2013 5:23am Dec 6, 2013 5:23am
Quoting 0nlyProfit
{quote} Estupido, yes ofcourse , but i mean we can enter trade before the news release.
I already entered at 1.6310 with 10 lots. Stoploss is currently 1.6270.

But I would not get in on these levels now.
  • #355,460
  • Dec 6, 2013 5:26am Dec 6, 2013 5:26am
Quoting JimmyC
GU Daily After breaking resistance at 1.6242 the pair has traded bullishly and has now consolidated into a flag. Look for the break of 1.64 with confirmed trading above this point to target 1.66. {image} Our rainbow nation has lost its father and we are heartbroken today Its now up to his son's and daughters to preserve the peace he crafted for us. Hamba Khale Tata Madiba {image}
not bad, too bad no more vouching, another price trader.
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