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Cable Update (GBPUSD)

  • #364,021
  • Feb 17, 2014 1:43am Feb 17, 2014 1:43am
I might be wrong, but I anticipate this week to close on bear candle
kiss the trend
  • #364,022
  • Feb 17, 2014 1:47am Feb 17, 2014 1:47am
Quoting fx-trader777
I might be wrong, but I anticipate this week to close on bear candle
Probably but I prefer to believe on bullish, because Bullish Morning Doji Star has formed. If I was right in this 120-150 pips pullback, I believe we might see Double Top on 1H chart soon.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,023
  • Feb 17, 2014 1:48am Feb 17, 2014 1:48am
Quoting cheater
UJ should give us some hints on where GU is heading into...anyone here seeing the same as me?
GJ has so far succesfully retested the 170.6x it broke out of, so further UJ upside may not imply more GU downside, at least for the time being.
  • #364,024
  • Feb 17, 2014 1:50am Feb 17, 2014 1:50am
Quoting fx-trader777
I might be wrong, but I anticipate this week to close on bear candle
This long trend is from fundamental reason...from technical reason GBP will be 500 pips lower . After five days of bull candles we must see bear candle .
This bull trend start from summer , so I hope that we will see some retrace in couple weeks
  • #364,025
  • Feb 17, 2014 1:52am Feb 17, 2014 1:52am
Quoting eurusd_trade
{quote} GJ has so far succesfully retested the 170.6x it broke out of, so further UJ upside may not imply more GU downside, at least for the time being.
yeah perhaps...but the correlation has been pretty close since open though. Now watching how it develops...staying on sideline for now
  • #364,026
  • Feb 17, 2014 1:57am Feb 17, 2014 1:57am
Quoting cheater
{quote} yeah perhaps...but the correlation has been pretty close since open though. Now watching how it develops...staying on sideline for now
yes sir
  • #364,027
  • Feb 17, 2014 2:01am Feb 17, 2014 2:01am
Hi all,

Haven't been posting in a while!

Dad I'll call you in the morning! Sorry I haven't called you It's my birthday tomorrow.

I think GBPUSD will form a top this week, it may go to 1.689 (~1.69) at the 50.0 fibo retracement level.

We are sitting at a monthly resistance zone, this isn't marked on chart, but horizontal zone can be drawn across three tops.

Bullish considerations lie in the wedge breaking to upside, and current bullish momentum.

Bearish considerations, upside gap could be tested with bear move, overbought market conditions and strong resistance level.

Please give your thoughts, big sentiment changes will occur this month.

Thanks


John Gray
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Even the worst trade can close with profit. Just give it time.
  • #364,028
  • Feb 17, 2014 2:02am Feb 17, 2014 2:02am
Quoting eurusd_trade
{quote} GJ has so far succesfully retested the 170.6x it broke out of, so further UJ upside may not imply more GU downside, at least for the time being.
Told you
  • #364,029
  • Edited 2:15am Feb 17, 2014 2:03am | Edited 2:15am
Quoting Urosh1
{quote} This long trend is from fundamental reason...from technical reason GBP will be 500 pips lower . After five days of bull candles we must see bear candle . This bull trend start from summer , so I hope that we will see some retrace in couple weeks
I don't believe any reason fundamental will move the price for a long term trade. Even a natural or terrorism disaster such as 911, Tsunami, Japan Earthquake could move the long term price, how could a DRAMA will move the whole price for long term? It is clearly a breakout on WEEKLY chart there, so there is no reason to believe the fundamental move the price. I dare to have bet with you the price will no go below 1.64 at this point. If really long term price is according to fundamental, I might already quit trading couple years ago because it already tell us it can be rigged.

Regards
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,030
  • Feb 17, 2014 2:15am Feb 17, 2014 2:15am
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  • #364,031
  • Feb 17, 2014 2:15am Feb 17, 2014 2:15am
green pips to all, have a good night!!!
i'm exhausted lol, what madness this all is, have a good break after this week
  • #364,032
  • Feb 17, 2014 2:20am Feb 17, 2014 2:20am
Still not able to bust down through the resistance. (Oooops, that should read support).
  • #364,033
  • Feb 17, 2014 2:22am Feb 17, 2014 2:22am
C'mon bears, you can do it! Btw, anyone knows if there was any bear statue near wall street in new york? I've been told it never existed, and that Americans hate bear hence no such statue LOL
  • #364,034
  • Feb 17, 2014 2:23am Feb 17, 2014 2:23am
It's time for AUD/USD to have a crashed. Waiting more confirmation on 1H and 4H. But it seems the right price now to short here. 400 pips in sight, good R:R here.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,035
  • Feb 17, 2014 2:25am Feb 17, 2014 2:25am
Quoting kimisiow83
It's time for AUD/USD to have a crashed. Waiting more confirmation on 1H and 4H. But it seems the right price now to short here. 400 pips in sight, good R:R here.
oh no pls don't kill the bull there...not until it hits 0.94 at least
  • #364,036
  • Feb 17, 2014 2:25am Feb 17, 2014 2:25am
Seems like gu is very promising on the bearish side right now . What do you think guys ?
  • #364,037
  • Feb 17, 2014 2:30am Feb 17, 2014 2:30am
Quoting cheater
{quote} oh no pls don't kill the bull there...not until it hits 0.94 at least
I just enter my 1st position actually with small lot. Of course probably I am wrong, but 80pips to projected 400pips at least is a good 1 for me. Good Luck.
I am not the SMARTEST person in the world, I am the PERSISTENT one.
  • #364,038
  • Feb 17, 2014 2:39am Feb 17, 2014 2:39am
As Jean Jacques Rousseau is quoted as stating: “Patience is bitter, but its fruits are sweet.”

Finally, I can stop harping on about this trade, and also take the time to state that in addition to this trade reaching its TP, I managed to come first in my show jumping discipline yesterday. Yeah…!

Okay, you’re never going to see this old man competing on the international circuit, but a victory nonetheless it was – and against a field of 31 that included a majority who were far younger, and more hungry for success, but whom, seemingly, lacked the composure to consider tactics. Hmm, I’m sure there is a lesson in there somewhere.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #364,039
  • Feb 17, 2014 2:39am Feb 17, 2014 2:39am
Quoting kimisiow83
{quote} I just enter my 1st position actually with small lot. Of course probably I am wrong, but 80pips to projected 400pips at least is a good 1 for me. Good Luck.
ok now you are getting mean
  • #364,040
  • Feb 17, 2014 2:44am Feb 17, 2014 2:44am
Quoting kimisiow83
It's time for AUD/USD to have a crashed. Waiting more confirmation on 1H and 4H. But it seems the right price now to short here. 400 pips in sight, good R:R here.
are you talking about this ?
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