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Cable Update (GBPUSD)

  • #356,801
  • Dec 27, 2013 2:22pm Dec 27, 2013 2:22pm
Wow, large fluctuation today.
  • #356,802
  • Dec 27, 2013 3:42pm Dec 27, 2013 3:42pm
Daily looks very very bearish . I'll be very cautious with longs below 1.6620 . I'm taking into account a drop around 1.61x or even more below .
  • #356,803
  • Dec 27, 2013 6:15pm Dec 27, 2013 6:15pm
Quoting Fibonatzi
Daily looks very very bearish . I'll be very cautious with longs below 1.6620 . I'm taking into account a drop around 1.61x or even more below .
How did you see a bearish trend on this STRONG currency!!!???

the first target is 1.70xx and then 1.75xx
  • #356,804
  • Dec 27, 2013 6:56pm Dec 27, 2013 6:56pm
Quoting Fibonatzi
Daily looks very very bearish . I'll be very cautious with longs below 1.6620 . I'm taking into account a drop around 1.61x or even more below .
Today's daily candle does indeed look bearish.

So did the daily candle from last week.

Look at the overall trend.
  • #356,805
  • Dec 27, 2013 10:38pm Dec 27, 2013 10:38pm
Quoting DailyChart
For Pound Watch 1.6464 as a key - look the 4H close
Daily Close above - Still Uptrend
  • #356,806
  • Dec 27, 2013 10:45pm Dec 27, 2013 10:45pm
Quoting DailyChart
{quote} Daily Close above - Still Uptrend


Will it drop to 1.6400 at least on Monday ?? How long it will go up from 1.6464
  • #356,807
  • Dec 28, 2013 1:36am Dec 28, 2013 1:36am
My view ..I will stay short on EURO n GBP ... 1.3400 n 1.60 short-term .....Both are strong BEARISH at the movement ..
  • #356,808
  • Dec 28, 2013 1:40am Dec 28, 2013 1:40am
Quoting rambo12
{quote} Will it drop to 1.6400 at least on Monday ?? How long it will go up from 1.6464
Dear Rambo,

  1. Will it drop to 1.6400 at least on Monday ?? - It's hard to answer on this question,since I don't know where the price going next

  1. How long it will go up from 1.6464 ? - I am just follow the trend and react based on the PA - thats why I am safe than most of others here,since we close above 1.6464 so the uptrend is still intact,unless we have daily close below and make a break



Thank You

  • #356,809
  • Dec 28, 2013 1:57am Dec 28, 2013 1:57am
Well, that was an interesting play yesterday, but with it being the season to understand that most finance houses are staffed only by the security guards, I won’t be reading too much into the prints.

The pins formed yesterday may be red herrings, with the dollar daily contradicting the squatting candle as seen on the weekly.

I see that Cable is still standing on top of the 61.8 FE, and suspect that she wants to visit the 76.4 FE before she really decides what her New Year’s resolution is going to be.

I don’t expect much in the way of price movement come Monday – watch this space, as now that I’ve said this, price will go crazy – but I am interested to see how price positions itself come the end of next week/post New Year, in preparation for the 6th of January.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusddaily.png Size: 70 KB
Click to Enlarge Name: usdollarweekly.png Size: 63 KB
Click to Enlarge Name: usdollardaily.png Size: 67 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #356,810
  • Dec 28, 2013 2:37am Dec 28, 2013 2:37am
For some odd reason I have two very different closing numbers for this.

In Oanda, it's around 1.6477.

At TDAmeritrade, it's closer to 1.6465.

Pretty big difference. What's the actual close?
  • #356,811
  • Dec 28, 2013 2:48am Dec 28, 2013 2:48am
Quoting rambo12
Guys ..do you see correction till 1.6400 at least ..anyone ??
you should be concerned about what the markets will do and not what a bunch of FF traders think. Most them have lost their damn pants!!!
  • #356,812
  • Dec 28, 2013 5:29am Dec 28, 2013 5:29am
long term:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly281213.png Size: 15 KB
More on my Blog...
  • #356,813
  • Dec 28, 2013 5:44am Dec 28, 2013 5:44am
Quoting mv6
long term: {image}
hello mv6 . i olso short this cable for long term trade..

(buy Low sell bottom save heaven)
Quote
Dont Giveup If You Lose.. Try To Learn From Your Fault. U will Sucess!!
  • #356,814
  • Dec 28, 2013 6:16am Dec 28, 2013 6:16am
Inserted Video
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 30 KB
Click to Enlarge Name: gbpusdmonthly.png Size: 28 KB
Come with me if you want to live....
  • #356,815
  • Dec 28, 2013 8:20am Dec 28, 2013 8:20am
I'm not so sure I would be shorting long term on any GBP pair at the moment. This thing has been consolidating for 4 years, if price ranged between these areas everyone could be a millionaire. You should be looking for long term trends and right now that is up.


http://fxtop.com/php/imggraph.php?C1...&MM3M=0&MM1Y=0
  • #356,816
  • Dec 28, 2013 4:43pm Dec 28, 2013 4:43pm
Quoting Ill-b-back
http://www.youtube.com/watch?v=ILj15...yer_detailpage {image} {image}

Ill-b-back happy new year end......

http://ecoopportunity.net/wp-content...11/04/Wine.jpg
The Chonchy
  • #356,817
  • Dec 28, 2013 5:17pm Dec 28, 2013 5:17pm
Quoting Baggi
For some odd reason I have two very different closing numbers for this. In Oanda, it's around 1.6477. At TDAmeritrade, it's closer to 1.6465. Pretty big difference. What's the actual close?
G/U at 1.6471
  • #356,818
  • Dec 28, 2013 6:10pm Dec 28, 2013 6:10pm
Quoting chonchy
{quote} Ill-b-back happy new year end...... {image}
And you too Sir, I hope you and the family are well
Come with me if you want to live....
  • #356,819
  • Dec 28, 2013 6:11pm Dec 28, 2013 6:11pm
Quoting Baggi
For some odd reason I have two very different closing numbers for this. In Oanda, it's around 1.6477. At TDAmeritrade, it's closer to 1.6465. Pretty big difference. What's the actual close?
I think it is just different broker closing times.
Quite common
Come with me if you want to live....
  • #356,820
  • Dec 28, 2013 6:14pm Dec 28, 2013 6:14pm
Quoting Ill-b-back
{quote} I think it is just different broker closing times. Quite common
Friday closings are never the same. Besides the diff closing times you mention there are also the different closing spreads that can make a huge difference as liquidity drops to almost zero.
Those who say it cannot be done should not interrupt those who are doing it
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