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Cable Update (GBPUSD)

  • #370,741
  • Apr 7, 2014 2:57am Apr 7, 2014 2:57am
Hello thread readers

this pair trapped in it's Asian range (dark gray) ...no real intraday direction yet

Best Wishes
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it's all gone a bit........
  • #370,742
  • Apr 7, 2014 3:06am Apr 7, 2014 3:06am
right on the trend line at Friday's 6553 lo

best wishes
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it's all gone a bit........
  • #370,743
  • Apr 7, 2014 3:07am Apr 7, 2014 3:07am
eur/usd H1

If you are looking for sell in euro. Maybe it's better over 3720 level. 3724 or 3729. Maybe!

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,744
  • Apr 7, 2014 3:15am Apr 7, 2014 3:15am
Quoting godim
eur/usd H1 If you are looking for sell in euro. Maybe it's better over 3720 level. 3724 or 3729. Maybe! {image}
not going to short that pair mate, swissy says strong movement downside, sellers seems already entered the pair last week where we have shooting stars in 4h..

when swissy down, usually fiber will go up, and i am riding the bullish wave..

the line in the chart is a fibo drawn from previous high.. perhaps, the price is making breakout retest..
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  • #370,745
  • Apr 7, 2014 3:19am Apr 7, 2014 3:19am
Quoting godim
{quote} No, no. 6580 is already loss of resistance. The level is exactly 6579. We could go into a short position of it. This for the next one hour. {image} A little late. Maybe! I had another job.
6580 - loss of resistance. I closed my short position on a small plus.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,746
  • Apr 7, 2014 3:26am Apr 7, 2014 3:26am
Quoting A-speculator
{quote} not going to short that pair mate, swissy says strong movement downside, sellers seems already entered the pair last week where we have shooting stars in 4h.. when swissy down, usually fiber will go up, and i am riding the bullish wave.. the line in the chart is a fibo drawn from previous high.. perhaps, the price is making breakout retest.. {image}
last line of defense - in this place anything can happen. I bet of the bears.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,747
  • Apr 7, 2014 3:28am Apr 7, 2014 3:28am
Quoting godim
{quote} 6580 - loss of resistance. I closed my short position on a small plus. {image}
yeah, cable are not going anywhere yet.. maybe she need some space..

let us give her sometime to show us her true color.. maybe wise to trade other pair in the meantime?
  • #370,748
  • Apr 7, 2014 3:31am Apr 7, 2014 3:31am
Quoting godim
{quote} last line of defense - in this place anything can happen. I bet of the bears. {image}
you are looking in small TF.. if you're look it in weekly, it tells a different story..
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  • #370,749
  • Apr 7, 2014 3:32am Apr 7, 2014 3:32am
Quoting A-speculator
{quote} yeah, cable are not going anywhere yet.. maybe she need some space.. let us give her sometime to show us her true color.. maybe wise to trade other pair in the meantime?
I can not and I do not want to maintain the other currency pairs.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,750
  • Apr 7, 2014 3:41am Apr 7, 2014 3:41am
Quoting A-speculator
{quote} you are looking in small TF.. if you're look it in weekly, it tells a different story.. {image}
For me the image is the same everywhere. DownSwing and DownTrend.

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I show M15 only for greater precision (accuracy).
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,751
  • Apr 7, 2014 3:45am Apr 7, 2014 3:45am
Quoting godim
{quote} For me the image is the same everywhere. DownSwing and DownTrend. {image} I show M15 only for greater precision (accuracy).
that wicks tell us buyers are extremely interested in that price.. in technicals, when price do that at the support, and doesn't break the support, it tells us the price is not going to go down..

further analysis shows consolidation on the support in 4h.. so how's that is bearish mate?
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  • #370,752
  • Apr 7, 2014 3:47am Apr 7, 2014 3:47am
Quoting godim
{quote} For me the image is the same everywhere. DownSwing and DownTrend. {image} I show M15 only for greater precision (accuracy).
On a weekly chart. The main fractal is a daily chart. There's nothing to look at a weekly chart.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,753
  • Apr 7, 2014 3:52am Apr 7, 2014 3:52am
another retest of 6580.. let's hope it breaks.. so we can rest the case..
  • #370,754
  • Apr 7, 2014 3:52am Apr 7, 2014 3:52am
Quoting A-speculator
{quote} that wicks tell us buyers are extremely interested in that price.. in technicals, when price do that at the support, and doesn't break the support, it tells us the price is not going to go down.. further analysis shows consolidation on the support in 4h.. so how's that is bearish mate? {image}

The main question is support or resistance. Level after 10 minutes is 3702.
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,755
  • Apr 7, 2014 3:57am Apr 7, 2014 3:57am
Quoting godim
{quote} The main question is support or resistance. Level after 10 minutes is 3702. {image}
i won't comment on how you draw your fibo fans... support is at about 3700 price area.. that is the critical price if movement to continue downwards...
  • #370,756
  • Apr 7, 2014 3:57am Apr 7, 2014 3:57am
Quoting godim
{quote} The main question is support or resistance. Level after 10 minutes is 3702. {image}
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,757
  • Apr 7, 2014 4:01am Apr 7, 2014 4:01am
Quoting godim
{quote} {image}
3711 - support.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,758
  • Apr 7, 2014 4:12am Apr 7, 2014 4:12am
The cable is opened with resistance. The level of the line is 6580.
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Again we can try short positions at this level. Monitor for loss of resistance.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #370,759
  • Apr 7, 2014 4:13am Apr 7, 2014 4:13am
who knows which way the Asian range will break [dark gray] ?

COT courtesy of order flow trading...some fading of the extreme long bias last few weeks.

best wishes.
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it's all gone a bit........
  • #370,760
  • Apr 7, 2014 4:37am Apr 7, 2014 4:37am
Quoting godim
eur/usd H1 If you are looking for sell in euro. Maybe it's better over 3720 level. 3724 or 3729. Maybe! {image}
Pending order (PO). PO Sell limit 3723.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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