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Cable Update (GBPUSD)

  • #367,821
  • Mar 10, 2014 10:53pm Mar 10, 2014 10:53pm
I smell heavy shorts to hit tomorrow, today's NY session traders didn't pick GBP so, London must continue heavy selling. Asians will probably pick it up little, but London will hammer it I assume.
kiss the trend
  • #367,822
  • Mar 10, 2014 11:31pm Mar 10, 2014 11:31pm
I am not ruling out 1.6585 today
  • #367,823
  • Mar 10, 2014 11:59pm Mar 10, 2014 11:59pm
Quoting giveachance
I am not ruling out 1.6585 today
If that happens then we go down to 1.5200
  • #367,824
  • Mar 11, 2014 12:26am Mar 11, 2014 12:26am
still trades heavy...resistance at 6642/49 held last night, so would not be surprised if we resume moving lower...have 6615, and 6598 as levels I'm eying below..breaking 6582 might signal a more significant chance of a top on the daily..gl today..
Look Sharp/Trade Tight
  • #367,825
  • Edited 1:17am Mar 11, 2014 12:47am | Edited 1:17am
Quoting Carlicus
{quote} I agree with you, it seems a flat correction between (a) and (b). What I do not understand in your wave count is the way you have labeled (a) and (b), since your (a) is actually larger than the previous up wave
In a longer term view, the advance from Jul 2013 low looks corrective in a form of a double zigzag.
The (a)-(b)-(c) could be the last leg of that advance, possible targets as shown on chart.
Appreciate your suggestion.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 31 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #367,826
  • Mar 11, 2014 1:08am Mar 11, 2014 1:08am
Hello GBP/US

Some big possible moves ahead

I can see 168.2 maybe 169

but 173

You would think tourism etc

Exports an all that stuff

Thought every country is trying to

have a weaker currency:nerd:
  • #367,827
  • Mar 11, 2014 1:18am Mar 11, 2014 1:18am
Quoting shon9178
{quote} Really hope it will go to 65 mark like your chart says. Appreciate your threads.
Thx dude,
Yes so do I, would be a nice ride down.

Fingers and toes Xed...
Come with me if you want to live....
  • #367,828
  • Mar 11, 2014 2:02am Mar 11, 2014 2:02am
Quoting USD-Bear
{quote} fed up looking at this PA Stop @ BE Limit @ 1,6700 gn
morning, lost confidence, collected +20
Don't be a hero. Don't have an ego. Always question yourself
  • #367,829
  • Mar 11, 2014 2:06am Mar 11, 2014 2:06am
Quoting PayTheLimit
just took a flyer, short some 6648, risk 6654...tp 6618
-6

will look to short up near 6700 now...unless something else develops..
Look Sharp/Trade Tight
  • #367,830
  • Mar 11, 2014 2:15am Mar 11, 2014 2:15am
Quoting PayTheLimit
{quote} -6 will look to short up near 6700 now...unless something else develops..
damn that was close, that USD such a drag
USDOLLAR M15:
Attached Image (click to enlarge)
Click to Enlarge Name: Picture0006.png Size: 80 KB
Don't be a hero. Don't have an ego. Always question yourself
  • #367,831
  • Mar 11, 2014 2:24am Mar 11, 2014 2:24am
Quoting USD-Bear
{quote} damn that was close, that USD such a drag USDOLLAR M15: {image}
I played it a tad to tight, Frankie got me...damn it
Look Sharp/Trade Tight
  • #367,832
  • Mar 11, 2014 2:31am Mar 11, 2014 2:31am
Cable_My four charts’ worth_11.03.14

Hmm… I’ve been harping on about the yellow horizontal line that I placed upon my charts for some time now. Representing a rough resistance zone, I am still of the opinion that it will not be allowed to become a support zone, and so I’m still targeting the 61.8 FE down at 1.64.

I’m sure that direction has already been decided, but as we are not privy to such information, I suppose we will have to allow the news to reveal the hand to be played by the market.

Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 73 KB

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 68 KB

4Hr
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 64 KB

Pivots
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 80 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #367,833
  • Mar 11, 2014 2:46am Mar 11, 2014 2:46am
sell 636 sl 649 tp 580+
With a good book and quality paper you can fine wipe your ass.
  • #367,834
  • Mar 11, 2014 2:57am Mar 11, 2014 2:57am
Quoting suffo
sell 636 sl 649 tp 580+
sell 1.6600, s/l 1.6716, t/p 1.6478 if it dont break 1.6600 area look for it to go up
  • #367,835
  • Mar 11, 2014 3:01am Mar 11, 2014 3:01am
out be
With a good book and quality paper you can fine wipe your ass.
  • #367,836
  • Mar 11, 2014 3:09am Mar 11, 2014 3:09am
sell 639 sl ?
With a good book and quality paper you can fine wipe your ass.
  • #367,837
  • Mar 11, 2014 3:13am Mar 11, 2014 3:13am
Quoting Suffo
sell 639 sl ?
thats not a sell territory. the bounce of 31 went till 55. I think we may have a dash at 70 or best case stay in the range 20-45. I will sell below 1.6617 in any case
  • #367,838
  • Mar 11, 2014 3:18am Mar 11, 2014 3:18am
yes one more spike up-could be!
With a good book and quality paper you can fine wipe your ass.
  • #367,839
  • Mar 11, 2014 3:29am Mar 11, 2014 3:29am
out 640
With a good book and quality paper you can fine wipe your ass.
  • #367,840
  • Mar 11, 2014 3:31am Mar 11, 2014 3:31am
Quoting PoundTrader
{quote}sell 1.6600, s/l 1.6716, t/p 1.6478 if it dont break 1.6600 area look for it to go up
I'm also looking at that area, 6656/66, but prolly gonna try to hold out for a tad higher...gl
Look Sharp/Trade Tight
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