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Cable Update (GBPUSD)

  • #356,541
  • Dec 19, 2013 8:42pm Dec 19, 2013 8:42pm
Quoting acidguy
{quote} and eu just about to fall to a cliff? cable is very strong right now but eventually gu could be hit hard to downside as usdx go up.
No, I think EU is the same to GU. I wait to 1.3600 to buy on dip.
Trade your plan.
  • #356,542
  • Dec 19, 2013 9:49pm Dec 19, 2013 9:49pm
Quoting Jackana
GU updated on my views. {image}

The tiny picture, it hurts my eyes!
  • #356,543
  • Dec 19, 2013 11:55pm Dec 19, 2013 11:55pm
I'm waiting for hrly close above/below 38.2/50 fib levels for direction, should bo when it does imo.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 9.png Size: 53 KB
As the lights go by so too do the shadows move
  • #356,544
  • Dec 20, 2013 12:52am Dec 20, 2013 12:52am
A closed mouth, gathers no foot...

GU 4H

Attached Image (click to enlarge)
Click to Enlarge Name: GU 4H.png Size: 26 KB
  • #356,545
  • Dec 20, 2013 12:55am Dec 20, 2013 12:55am
GU Daily
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily.png Size: 32 KB
  • #356,546
  • Dec 20, 2013 1:19am Dec 20, 2013 1:19am
USA S&P just downgraded Europe debt from AAA to AA+, lol how funny, but...
not any positive for Euro or Gbp.
  • #356,547
  • Dec 20, 2013 1:22am Dec 20, 2013 1:22am
Quoting JimmyC
A closed mouth, gathers no foot... GU 4H {image}

The four hour has already broke down.
  • #356,548
  • Dec 20, 2013 1:32am Dec 20, 2013 1:32am
Quoting JimmyC
A closed mouth, gathers no foot... GU 4H {image}
Sorry should have deleted triangle. It's not a wedge system but directional indication (+).
As the lights go by so too do the shadows move
  • #356,549
  • Dec 20, 2013 1:38am Dec 20, 2013 1:38am
Any one who plans to take a buy GU this price (1.6330)?
Trade your plan.
  • #356,550
  • Dec 20, 2013 1:38am Dec 20, 2013 1:38am
Quoting Baggi
{quote} The four hour has already broke down.
Good day B

Before the pattern is valid the 4H candle must close below support, only then is it "safe" to enter.

As we all know anything can happen but the higher probability will play to the South for now until something moves it North.
  • #356,551
  • Dec 20, 2013 1:50am Dec 20, 2013 1:50am
Test of bears strength ahead. Coming up to monthly TL 1.6320-1.6300.
As the lights go by so too do the shadows move
  • #356,552
  • Dec 20, 2013 2:02am Dec 20, 2013 2:02am
Quoting JimmyC
{quote} Good day B Before the pattern is valid the 4H candle must close below support, only then is it "safe" to enter. As we all know anything can happen but the higher probability will play to the South for now until something moves it North.
Should get a retest and then ... ? I'm taking this one anyway 4H close is valid entry
  • #356,553
  • Dec 20, 2013 2:17am Dec 20, 2013 2:17am
Quoting JimmyC
{quote} Should get a retest and then ... ? I'm taking this one anyway 4H close is valid entry
Yah bo entry on my system too. I'm short but I'm being wary if it re-enters ranged zone.
As the lights go by so too do the shadows move
  • #356,554
  • Dec 20, 2013 2:54am Dec 20, 2013 2:54am
Megaphone top (expanding triangle) - Elliot Wave guessers love this:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd131220h4.JPG Size: 69 KB


On the weekly we have tweezer top forming and if we get a strong daily or even better a weekly close under 1.63 then bearish:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd131220w1.JPG Size: 107 KB
Gone to a better place
  • #356,555
  • Dec 20, 2013 2:57am Dec 20, 2013 2:57am
This Bear is not getting shaken up by a breeze.
Holding to down side to 1.60
Attached Image (click to enlarge)
Click to Enlarge Name: funny-pictures-auto-comics-bear-382174.jpeg Size: 56 KB
In trading, you have to be defensive and aggressive at the same time
  • #356,556
  • Dec 20, 2013 2:58am Dec 20, 2013 2:58am
Quoting Jackana
Any one who plans to take a buy GU this price (1.6330)?
I'm looking for any hints from 1.63
Come with me if you want to live....
  • #356,557
  • Dec 20, 2013 2:58am Dec 20, 2013 2:58am
May be some volatility today it being Triple Witching...
Gone to a better place
  • #356,558
  • Dec 20, 2013 3:04am Dec 20, 2013 3:04am
Quoting Ill-b-back
{quote} I'm looking for any hints from 1.63
As usual this pair has me stumped for now. On FOMC day it finished quite strongly up on the day, where the Euro was strongly down.
Gone to a better place
  • #356,559
  • Dec 20, 2013 3:09am Dec 20, 2013 3:09am
Quoting smikester
{quote} As usual this pair has me stumped for now. On FOMC day it finished quite strongly up on the day, where the Euro was strongly down.
and whats happen yesterday ???


2:30pm
USD

Unemployment Claims

379K
336K
369K

bad news for $ but gu goes down












4:00pm
USD

Existing Home Sales

4.90M
5.04M
5.12M
  • #356,560
  • Dec 20, 2013 3:13am Dec 20, 2013 3:13am
Quoting 2012fx
{quote} and whats happen yesterday ??? 2:30pm USD Unemployment Claims 379K 336K 369K bad news for $ but gu goes down 4:00pm USD Existing Home Sales 4.90M 5.04M 5.12M

And?What is your conclusion?
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