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Cable Update (GBPUSD)

  • #356,281
  • Dec 17, 2013 4:00pm Dec 17, 2013 4:00pm
Quoting plesac
{quote} Heare is my 200 ema test now... We are still in that down chanel. we could stay inside until 6080 area. For me down valid yet. Not ideal but down {image}
OMG pip there is alot going on in your chart, i hope you know what to do with all that LOL i try to keep it simple then you can see a clear view, have you ever stripped the chart back just to s/r and 1 ema and 1 sma ??
  • #356,282
  • Dec 17, 2013 4:19pm Dec 17, 2013 4:19pm
Quoting PipTrapper
{quote} I think I understand, but it would be much more clear with a marked up chart.
sorry pip not your chart ........you see still new lol we need to break the 200 sma to write the story on the 4hr could go tonight
  • #356,283
  • Dec 17, 2013 4:38pm Dec 17, 2013 4:38pm
well...on 4 hrs tf chart we still on up trend..in my opp its will need to close below 1.613/2 for start to build the down trend again

200sma still not yet had broken down move still not in play we have levels to break.

Attached Image (click to enlarge)
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when GOD brings you a challenge he also gives you the power to deal with it
  • #356,284
  • Dec 17, 2013 6:03pm Dec 17, 2013 6:03pm
before usdx dont react in my opinion cable will be gaining momentum to the upside, maybe 1.65 will be possible in january,
England Central Bank was very Bullish today talking about QE is not needed anymore and with such little liquidity cable is still rising.

also very true, the major currency with the weakest fundamental support in the world is gbp, cable is a big bubble but who cares, market dont trade that.
gbp is badass.
  • #356,285
  • Dec 17, 2013 8:09pm Dec 17, 2013 8:09pm
I think the next few days will tell us a lot. A week or so ago a guy, I believe his name was veer, came here and warned that "London desk" was going to start shorting cable. The first day after he said that we went higher. But since then, every day during London open, w have gone lower.

Are they done selling? Have they taken profits and now its back up again? I think us QE news and what happens over the next few London sessions will be informative.
  • #356,286
  • Dec 17, 2013 9:28pm Dec 17, 2013 9:28pm
Quoting TauTrader
Good day, Took the scalp down on 15 min chart. Did some adjustments to the indicator set. Still testing Regards {image}

Cau u share ur IND?Thanks.
  • #356,287
  • Dec 17, 2013 9:34pm Dec 17, 2013 9:34pm
My point of view on GBPUSD for today and will keep you guys posted the next day.. Enjoy and trade safely.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD 1H 18-12-13.png Size: 68 KB
Click to Enlarge Name: GBPUSD Daily 18-12-13.png Size: 50 KB
  • #356,288
  • Dec 17, 2013 11:20pm Dec 17, 2013 11:20pm
Good Morning !
Today's S/R levels on MT4 Templates

EURO
CABLE
AUDUSD
EURJPY
USDJPY

http://www.forexfactory.com/showthre...45#post7162745
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #356,289
  • Dec 17, 2013 11:26pm Dec 17, 2013 11:26pm
Probably best to be selling rallies on GU at this point, but yeah tomorrow FOMC will be huge.

Would look for it to hit bottom of this channel on daily chart sometime soon if tomorrow isn't a huge up day
Attached Image (click to enlarge)
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  • #356,290
  • Dec 17, 2013 11:38pm Dec 17, 2013 11:38pm
GU 18-12-13
British, unlike the euro, while nothing can oppose the U.S. currency.
The pair continued to decline.
However, this reduction presumably was due to the formation of a wave 5 of [1], the emerging downward momentum.
Thus, in the near future we presumably expect corrective gains couples by the development of wave [2].
http://freshforex.ru/netcat_files/Im...usdh1(251).png
  • #356,291
  • Dec 17, 2013 11:52pm Dec 17, 2013 11:52pm
GU 17-12-13 Evening

Pound Dollar currency pair continues to develop the structure of growth for mining 1.6400. After completion of work on this goal and give an estimate of the resultant structure for the development of a more significant correction structure, up-to-slab level 1.6070. And when you upgrade highs this structure will consider continued wave of growth for mining 1.7150.
[http://freshforex.ru/netcat_files/Im...usdh1(251).png[/justify]
  • #356,292
  • Dec 17, 2013 11:56pm Dec 17, 2013 11:56pm
This is what I was talking about earlier.

Attached Image (click to enlarge)
Click to Enlarge Name: Bottom..JPG Size: 248 KB
  • #356,293
  • Dec 18, 2013 12:10am Dec 18, 2013 12:10am
Quoting Baggi
This is what I was talking about earlier. {image}
Now your talkin'
got the same.
not ruling out another drop to take out today's low, but personally I think the bears would not survive the week/month around these levels.
Come with me if you want to live....
  • #356,294
  • Dec 18, 2013 1:03am Dec 18, 2013 1:03am
Quoting Ill-b-back
{quote} Now your talkin' got the same. not ruling out another drop to take out today's low, but personally I think the bears would not survive the week/month around these levels.

I think we can break down through that if the Fed Tapers.

However, this is my prediction for tomorrow.

1) The Fed announces a Taper and the Market moves down triple digits and the USD gains sudden strength.
2) Then the fine print is read and the Fed says, "We're going to end printing 85 billion a month. Now we will print 84,999,999,999.00 a month. Then the tanking market and the strengthening USD reverse.
3) Complaints of manipulation from those who gambled and didn't stay out of the market fill up message boards everywhere.

Warning: I am not a prophet.
  • #356,295
  • Dec 18, 2013 1:30am Dec 18, 2013 1:30am
I'm thinking we double bottom around 1.6223
  • #356,296
  • Dec 18, 2013 1:57am Dec 18, 2013 1:57am
Quoting Baggi
{quote} I think we can break down through that if the Fed Tapers. However, this is my prediction for tomorrow. 1) The Fed announces a Taper and the Market moves down triple digits and the USD gains sudden strength. 2) Then the fine print is read and the Fed says, "We're going to end printing 85 billion a month. Now we will print 84,999,999,999.00 a month. Then the tanking market and the strengthening USD reverse. 3) Complaints of manipulation from those who gambled and didn't stay out of the market fill up message boards everywhere. Warning: I am...
Lol, you read my mind

Come with me if you want to live....
  • #356,297
  • Dec 18, 2013 1:59am Dec 18, 2013 1:59am
we have to watch out the big move must be soon we all know some times it comes from nowhere, could be 1.61867 only my opinion just came out of the retest i think breakfast and have a new look , good luck people
  • #356,298
  • Dec 18, 2013 2:13am Dec 18, 2013 2:13am
Looking for a continuation down today but will see what happens with the news.
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  • #356,299
  • Dec 18, 2013 2:49am Dec 18, 2013 2:49am
How do you guys think ?????

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD D1 181213.png Size: 35 KB
Golden Goose Return This Month: na
  • #356,300
  • Dec 18, 2013 3:01am Dec 18, 2013 3:01am
Quoting lampuah
How do you guys think ????? {image}

I think nobody knows..this market can react very ridiculously in favour of what we least think
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