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Cable Update (GBPUSD)

  • #370,841
  • Apr 7, 2014 3:22pm Apr 7, 2014 3:22pm
Quoting matheszabi
Hey, I see a weakness on this weekly chart. {image} 100% it is a few indicator, which show that, but I am wondering how are the fundamentals? How about a Short at 1.6666 , SL 1.69 (233 pip) TP 1.6000 (666pip) ?
could work within next 1-2 years.
  • #370,842
  • Apr 7, 2014 3:29pm Apr 7, 2014 3:29pm
Quoting ruffryders
{quote} could work within next 1-2 years.
I have as a monthly 1.66235 (we retraced right to it)

my next lower is 1.63766
  • #370,843
  • Apr 7, 2014 3:30pm Apr 7, 2014 3:30pm
expected half-assed rally on GU - next up - to be sold off.

http://www.forexfactory.com/attachme...6&d=1396554869
  • #370,844
  • Apr 7, 2014 3:30pm Apr 7, 2014 3:30pm
Quoting ruffryders
{quote} could work within next 1-2 years.
hm, TP or SL should hit in 2 or max 4 month. Especially the SL it is only 233 pip
I want to buy PATIENCE
  • #370,845
  • Apr 7, 2014 3:33pm Apr 7, 2014 3:33pm
Quoting ruffryders
{quote} yeah, agreed A-Speculator. One thing I'm still unclear is AU/kiwi. With 2.5%, 2.75% cash rate, and melt down in US markets, one of better options to extract safe alpha for the big boys is the commod currency carry trades. Still the charts are not 100% clear here (AU inverse H&S confirmed, NZ just plain UP). Any ideas here?

well, i don't trade a lot on both pairs, i may not know the characteristics.. but from simple analysis, i think both still in an uptrend on daily or weekly.. not yet any valid/established bearish pattern
  • #370,846
  • Apr 7, 2014 3:49pm Apr 7, 2014 3:49pm
should be careful with these bullish candle s ,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp JPY d1 .png Size: 21 KB
Click to Enlarge Name: gbp USD d1 .png Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #370,847
  • Apr 7, 2014 8:03pm Apr 7, 2014 8:03pm
I got a very broad stop on these mofos
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 35 KB
Click to Enlarge Name: gbpusdh41.png Size: 35 KB
Click to Enlarge Name: gbpusddaily.png Size: 35 KB
Come with me if you want to live....
  • #370,848
  • Apr 7, 2014 9:28pm Apr 7, 2014 9:28pm
morning/afternoon/evening guys.

shorted cable 6615..
  • #370,849
  • Apr 7, 2014 10:52pm Apr 7, 2014 10:52pm
Quoting A-speculator
morning/afternoon/evening guys. shorted cable 6615..
damnit, too soon..

another retest of 6620?
  • #370,850
  • Apr 7, 2014 10:56pm Apr 7, 2014 10:56pm
Hi, A-speculator, I'm holding off until the UK and US data gets released Thurs/Fri .
  • #370,851
  • Apr 7, 2014 10:59pm Apr 7, 2014 10:59pm
Inserted Video



1.625 is the safest place to load long position
1.675 is the safest place to load short position

imho based on daily chart
I want to be rich.
  • #370,852
  • Apr 7, 2014 11:07pm Apr 7, 2014 11:07pm
Quoting eurusdthb
http://www.youtube.com/watch?v=Mya1dFSn28E 1.625 is the safest place to load long position 1.675 is the safest place to load short position imho based on daily chart
imho, that too far mate for pending short.. since breakout of 6620 may invite more bulls joining the party and i'm afraid, the outlook won't be bearish anymore..
  • #370,853
  • Apr 7, 2014 11:08pm Apr 7, 2014 11:08pm
Quoting Taffy
Hi, A-speculator, I'm holding off until the UK and US data gets released Thurs/Fri .
so be it bro.. the button is in your hands lol.
  • #370,854
  • Apr 7, 2014 11:11pm Apr 7, 2014 11:11pm
Quoting A-speculator
{quote} imho, that too far mate for pending short.. since breakout of 6620 may invite more bulls joining the party and i'm afraid, the outlook won't be bearish anymore..
then 1.705 must be the safest place to short
I want to be rich.
  • #370,855
  • Apr 7, 2014 11:15pm Apr 7, 2014 11:15pm
Quoting eurusdthb
{quote} then 1.705 must be the safest place to short
if you want to go that far, then 1.7285.. - can't imagine any other safest place to short other than this.
  • #370,856
  • Apr 7, 2014 11:27pm Apr 7, 2014 11:27pm
Quoting A-speculator
{quote} if you want to go that far, then 1.7285..
thanks you A-speculator, I think we're in upper channel and price should go at 1.705 and retrace back to 1.6815 before shot up to 1.7285.

http://image.ohozaa.com/i/31f/CSETsC.png
I want to be rich.
  • #370,857
  • Apr 7, 2014 11:31pm Apr 7, 2014 11:31pm
Quoting eurusdthb
{quote} thanks you A-speculator, I think we're in upper channel and price should go at 1.705 and retrace back to 1.6815 before shot up to 1.7285. {image}
the rule is not that hard mate.. price breaks 6620, then more to bullish so need not to chase for short..

as long as the price remains below 6620, more prone to bearish pressure though at this price the outlook remains as neutral..

best chances for price at current level is to get short as close as possible to 6620 thus minimizing your SL.

yesterday movement was movement without volume, more to a retrace rather than continuation.. imho.
  • #370,858
  • Apr 8, 2014 12:05am Apr 8, 2014 12:05am
Attached Image (click to enlarge)
Click to Enlarge Name: jh.gif Size: 32 KB
Timing
  • #370,859
  • Apr 8, 2014 12:11am Apr 8, 2014 12:11am
Quoting dendy
{image}


wait for it bro.. perhaps during london.. in about 3++ hours..
  • #370,860
  • Apr 8, 2014 12:26am Apr 8, 2014 12:26am
Quoting eurusdthb
{quote} thanks you A-speculator, I think we're in upper channel and price should go at 1.705 and retrace back to 1.6815 before shot up to 1.7285. {image}
to me ......u just draw trigger line ( lower line of your channel ) for bearish dragon / bearish Bat Action Magnet Move ( BAMM ).

but let see... and time will tell. waiting also here
not euphoria follower
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