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Cable Update (GBPUSD)

  • #359,241
  • Edited 2:30pm Jan 17, 2014 2:15pm | Edited 2:30pm
yes its true in consolidation zone like that ,dark cloud worked in as much next was bearish but not hugely ,(key I guess)
also not clean as there was another candle with wick prior which also failed to be bear
evening star was deep in consolidation whist I believed it was followed by inverted hammer
when inverted hammer broke I honestly thought great ,but the fact is market is very cruel ,
is there anyone that can show rising tl has not been broke ,without making it thicker than Katie Price!
there was res there now theres huge res ..
gbp may be bullish but focus on $ ,the fact that bear candle failed ,as bull candle to cable ..

Quoting chazzle
{quote} GU W1 patterns don't hold up so well CT {image}
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  • #359,242
  • Jan 17, 2014 2:25pm Jan 17, 2014 2:25pm
Im not saying hugely bearish ,as you can see eu is the one , cable trapped between monthly ,good pivot taken in you shot and weekly ,then monthly above ,
sideways I think
possible h+s over time ,10 candles to left 8 now ,but that's way off
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  • #359,243
  • Jan 17, 2014 2:29pm Jan 17, 2014 2:29pm
Quoting Bones
is there anyone that can show rising tl has not been broke ,without making it thicker than Katie Price!



Price Action used to be good on that pair
  • #359,244
  • Jan 17, 2014 2:33pm Jan 17, 2014 2:33pm
bones - tl on weekly ... looks set to close above it
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  • #359,245
  • Jan 17, 2014 2:35pm Jan 17, 2014 2:35pm
closed position in order to focus on the dow. nice pa there!
fortis fortuna adiuvat
  • #359,246
  • Jan 17, 2014 2:39pm Jan 17, 2014 2:39pm
focus on this its a great trade imo ,

Quoting Bones
yea Im short chf jpy {quote} {image}
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  • #359,247
  • Jan 17, 2014 2:42pm Jan 17, 2014 2:42pm
and open ??/
its broke ,but really strong up momentum cant deny

Quoting chazzle
bones - tl on weekly ... looks set to close above it {image}
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  • #359,248
  • Jan 17, 2014 2:42pm Jan 17, 2014 2:42pm
GU M15
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  • #359,249
  • Jan 17, 2014 2:43pm Jan 17, 2014 2:43pm
Quoting chazzle
GU M15 {image} {image}
same tl on m15 bones - a dip is allowed in my book - all about the close
  • #359,250
  • Jan 17, 2014 2:44pm Jan 17, 2014 2:44pm
Quoting 45Condor
You want a can of worms... I thought I was reading about an amazing scientific acheivement to be, but then hit the comments section, and learnt something completely different. I give you the link, and notification that the first comment is not what I was expecting. P.S. Shorts on EG and EU ticking along nicely this week. http://www.theguardian.com/science/2...mov-erasimenko


Quite unexpected
  • #359,251
  • Jan 17, 2014 2:45pm Jan 17, 2014 2:45pm
Quoting Bones
and open ??/ its broke ,but really strong up momentum cant deny {quote}
ok .. open candle ... set to close above tl tho most prob.
  • #359,252
  • Jan 17, 2014 2:48pm Jan 17, 2014 2:48pm
GU D1

DEC low to be taken out before poss. start of trend change according to dow theory , I think
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  • #359,253
  • Edited 3:29pm Jan 17, 2014 3:15pm | Edited 3:29pm
Quoting chazzle
{quote} cheers GM, will be looking at bakery stocks next week
...
Attached Image
Attached Image
Hear the music before the song is over ...
  • #359,254
  • Edited 5:58pm Jan 17, 2014 4:08pm | Edited 5:58pm
Quoting 45Condor
You want a can of worms... I thought I was reading about an amazing scientific acheivement to be, but then hit the comments section, and learnt something completely different. I give you the link, and notification that the first comment is not what I was expecting. P.S. Shorts on EG and EU ticking along nicely this week.
whatdyaknow....

E/G break - finally... she was being stubborn...
Hear the music before the song is over ...
  • #359,255
  • Jan 17, 2014 5:02pm Jan 17, 2014 5:02pm
It looks like bulls were rejected on their way up.

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It will be interesting to see what happens next week. I plan to take a short scalp if we hit that line again and see where that takes me. Ultimately though, I'm still bullish overall.
  • #359,256
  • Jan 17, 2014 6:20pm Jan 17, 2014 6:20pm
Quoting TauTrader
So - all you clever dudes... What now. I'm short still Regards
Mr Tau Trader, whom I respect as a trader very much.... I am not one to consider myself..."clever". Just a regular guy trying to knock down a pip or two day by day. But oh ya.... I am SHORT and will remain as such until my target, or close to it, is met. In the mean time...I am knocking down what I can, when I can, as the market allows. It's just one big blast!!!

Have a great weekend and may many many Green Pips come your way.
  • #359,257
  • Jan 18, 2014 1:47am Jan 18, 2014 1:47am
Quoting FxMaximus
{quote} Mr Tau Trader, whom I respect as a trader very much.... I am not one to consider myself..."clever". Just a regular guy trying to knock down a pip or two day by day. But oh ya.... I am SHORT and will remain as such until my target, or close to it, is met. In the mean time...I am knocking down what I can, when I can, as the market allows. It's just one big blast!!! Have a great weekend and may many many Green Pips come your way.
mr Maximus whats your target?
  • #359,258
  • Jan 18, 2014 2:30am Jan 18, 2014 2:30am
EG_My five charts' worth_18.01.14

My thoughts regarding potential moves for the Euro - specificlly, against the Dollar - are posted here.

I am still short EG and EU, and would like to thank the folks in the UK for not only shopping until they dropped, but for also proving that fundamentals can have a significant effect upon the markets. True, money is just chasing yield, so Cable's quick march north may soon become exhausted. I'm also expecting good news from the blarney spitted out of Carney's mouth next week.

And, has anyone else noticed how, lately, Cable and the Dollar seem to be moving in unison a little more?
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #359,259
  • Jan 18, 2014 3:11am Jan 18, 2014 3:11am
Quoting reclude82
{quote} mr Maximus whats your target?
I am targetting 1.55..ish by year's end.
  • #359,260
  • Jan 18, 2014 4:32am Jan 18, 2014 4:32am
pivotal area ,think prob hold
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