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Cable Update (GBPUSD)

  • #355,861
  • Dec 10, 2013 10:42am Dec 10, 2013 10:42am
Quoting davidsayli
GBP/USD DAILY CHART ELIOT ANALYSIS It is on the top of "FIFTH WAVE" After it we may see a sudden drop to the 1.5480 BE CAREFULL!! {image}

David,

I get the impression you're very serious about this. You've posted this on at least 3 different pages of this thread (Could be more, I didn't read back all the way to before I went to bed last night).

Do you have a lot of money riding on a sell?
  • #355,862
  • Dec 10, 2013 10:43am Dec 10, 2013 10:43am
Quoting A-speculator
{quote} i think she doesn't like you're position.. try different pose mate..
hi i think your right been short from this morning rsi showing 70ish on the h4 and 67 on the day put a fib on yesterdays move up and 50& will give us 1.6398 if we get to the 61.8 i think it will pass and that might be good night longs. fingers crossed, only my opinion?????????
  • #355,863
  • Dec 10, 2013 10:44am Dec 10, 2013 10:44am
GU bear trap. All I have to say.

Have yourself a wonderful evening.

Regards
  • #355,864
  • Dec 10, 2013 10:54am Dec 10, 2013 10:54am
Quoting elbert3
{quote} hi i think your right been short from this morning rsi showing 70ish on the h4 and 67 on the day put a fib on yesterdays move up and 50& will give us 1.6398 if we get to the 61.8 i think it will pass and that might be good night longs. fingers crossed, only my opinion?????????
need to pass 1.6415 coming up i am taking profit just in case
  • #355,865
  • Dec 10, 2013 11:00am Dec 10, 2013 11:00am
Quoting elbert3
{quote} hi i think your right been short from this morning rsi showing 70ish on the h4 and 67 on the day put a fib on yesterdays move up and 50& will give us 1.6398 if we get to the 61.8 i think it will pass and that might be good night longs. fingers crossed, only my opinion?????????
i'm not interested shorting cable atm.. will try to long if cable manage to get lower price level, i'm think about 6380 price range..
  • #355,866
  • Dec 10, 2013 11:17am Dec 10, 2013 11:17am
Quoting A-speculator
{quote} i think she doesn't like you're position.. try different pose mate..
  • #355,867
  • Dec 10, 2013 11:34am Dec 10, 2013 11:34am
Quoting A-speculator
{quote} i think she doesn't like you're position.. try different pose mate..

Just sayin

Attached Image

Get Rich or Die Tryin
  • #355,868
  • Dec 10, 2013 11:41am Dec 10, 2013 11:41am
Quoting hoom
{quote} Just sayin {image}
sorry, typo error..
  • #355,869
  • Dec 10, 2013 11:45am Dec 10, 2013 11:45am
Quoting TauTrader
GU bear trap. All I have to say. Have yourself a wonderful evening. Regards

What is a bear trap, exactly?

The way I see charts, after a large up move, there is some consolidation before the next up move. This looks different to different people, but often this can be a flag, or a short correction, etc.

Is a bear trap different than that?
  • #355,870
  • Dec 10, 2013 11:46am Dec 10, 2013 11:46am
We are very close to turning down
  • #355,871
  • Dec 10, 2013 11:48am Dec 10, 2013 11:48am
Quoting Baggi
{quote} What is a bear trap, exactly? The way I see charts, after a large up move, there is some consolidation before the next up move. This looks different to different people, but often this can be a flag, or a short correction, etc. Is a bear trap different than that?
Sir,

bear trap is having everyone thinking short. Acting short. Then do the 360. Come to think of it... this whole move was one..

Regards
  • #355,872
  • Dec 10, 2013 11:51am Dec 10, 2013 11:51am
Quoting Baggi
{quote} What is a bear trap, exactly? The way I see charts, after a large up move, there is some consolidation before the next up move. This looks different to different people, but often this can be a flag, or a short correction, etc. Is a bear trap different than that?
i think it's must be something you won't get for your Christmas gift..

oh it's must be too late here.. i'm talking rubbish...

from my understanding, a bear trap is a fake movement such as profit taking movement, due to say, large sums of profit taking is taking place, it is seen as reversal but reality is, the price is still in its main direction, this can be seen by long tail shooting star but no candles broke the low of the shooting star thus trapping the bears (or pigs lol) into thinking new trend is forming..

so long guys, see u all later..
  • #355,873
  • Dec 10, 2013 12:04pm Dec 10, 2013 12:04pm
Good day,

Can bank a few,

Waiting still. Will continue to load lower..

1.6500 will be awesome!

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 64 KB
  • #355,874
  • Dec 10, 2013 12:06pm Dec 10, 2013 12:06pm
Quoting A-speculator
{quote} sorry, typo error..


my view on Gu:
it's firmly standing above that line and aiming for higher levels , IMO 6600 for a reverse swing trade
H4 TF
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 20 KB
Get Rich or Die Tryin
  • #355,875
  • Dec 10, 2013 12:11pm Dec 10, 2013 12:11pm
Quoting TauTrader
We are very close to turning down
I think you wanted to say Turn Up !!!
  • #355,876
  • Dec 10, 2013 12:11pm Dec 10, 2013 12:11pm
GU H4 GMT+3

Add one more long, because my invalidation price is close enought. it is close under ~6412...

Good luck!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 86 KB
Anything is math!
  • #355,877
  • Dec 10, 2013 12:12pm Dec 10, 2013 12:12pm
Quoting TauTrader
We are very close to turning down
Mr T..Im starting to think u can see the future

good trading,.u are absolutely nailing them
  • #355,878
  • Dec 10, 2013 12:16pm Dec 10, 2013 12:16pm
Quoting nAVIN2007
{quote} Mr T..Im starting to think u can see the future good trading,.u are absolutely nailing them
Sir, Nav

Just drinking a lot of RUM and using some tools..

Will short soon..
  • #355,879
  • Dec 10, 2013 12:30pm Dec 10, 2013 12:30pm
Quoting Nate04
I'm going to make a 2 week projection here. I have no position open currently, and this is just what I can see happening and is no means meant to give anyone trades ideas. But what I can see happening over the next week is a move over the high of 1.64417, probably taking a quick run at 1.65. In the meantime, this will create a strong divergence case for a short. Accumulation by the big boys continue the reminder of the week and into the beginning of the next week (basically a whipsaw that is going to piss off a lot of retail traders). December 18th,...


The move up is happening faster than even I anticipated. But the divergence has already occured on my chart... No signal for a short yet though. I still think Uncle Ben is going to determine the direction once and for all in alitte over a week from now.
  • #355,880
  • Dec 10, 2013 12:34pm Dec 10, 2013 12:34pm
Nate4,

Once and for all?

What happens if he chooses not to Taper this month but alludes to tapering in March?
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