"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
Cable Update (GBPUSD)
- #371,542
- Apr 11, 2014 4:24am Apr 11, 2014 4:24am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
those touting 1.7200 ,I dont see as possibe since gbp is not bullish , {image}
Ghost Rider - WWTBMD?
- #371,543
- Apr 11, 2014 4:25am Apr 11, 2014 4:25am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #371,544
- Apr 11, 2014 4:25am Apr 11, 2014 4:25am
{quote} Good morning elbert. You mention gaps often. I'm wondering if it's your broker's feed? If using MT4, try right clicking on the chart and picking "Refresh" from the menu. If the "gaps" go away it's likely the feed. Just a thought.
Nice to see you posting again BTW.
- #371,546
- Apr 11, 2014 4:34am Apr 11, 2014 4:34am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} My broker showing gaps in the Asia session on EU+GU. Thought strange when first logging on this morning. News maybe. Nice to see you posting again BTW.
Hmmmm....
I see no gaps at all on any pairs. Still thinking broker feeds?
Ghost Rider - WWTBMD?
- #371,547
- Apr 11, 2014 4:34am Apr 11, 2014 4:34am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} it doesn´t close yet..
- #371,549
- Apr 11, 2014 4:48am Apr 11, 2014 4:48am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
... eur/usd H4 {image} Price enter the area that I call the "last line of defense." In this area are the possible movements between lines 3878, 3900 and 3933 one or more times. Remains an important breakthrough from the area.
This is connected with the cable. At the moment I can not decide who's leading. But ... both pairs are UpTrend. The cable is a little ahead on price. Euro caught up with him.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #371,550
- Apr 11, 2014 4:51am Apr 11, 2014 4:51am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} I had LONG trades put on @ 6610, however I'm out since then. cable is a no go currently. Since it failed to close out with decent price action above 6800 psych level. It's range-bound for now, with mild downside pressure.
Ghost Rider - WWTBMD?
- #371,551
- Apr 11, 2014 5:02am Apr 11, 2014 5:02am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} {image} This is connected with the cable. At the moment I can not decide who's leading. But ... both pairs are UpTrend. The cable is a little ahead on price. Euro caught up with him.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #371,552
- Apr 11, 2014 5:04am Apr 11, 2014 5:04am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
those touting 1.7200 ,I dont see as possibe since gbp is not bullish , {image}
Howzit?
GU 1H View
Post FOMC the dollar lost substantial ground giving rise to the flush north and met the 1.6805 target indicated by the flag, although PA has drifted south since this event I'm disinclined to look for positions short reasons are
Fundamentals
1 US rates will rise mid to late 2015
2 GBP rates as a matter of course are first in line for an increase
....Sure I'll get flamed for that... Time will tell
The RSI has had time to cool off and so the OB conditions have abated price hold above minor support 1.672xx
GU 4H
This was the trade I took cup & Handle / Frying pan bottom call was 1.6805 measured target met, prior to this event there was a small diamond pattern which reversed price direction hit target and price then proceeded to the target area via a flag. It is true that 1.68 is serving as resistance but... this area continues to be tested and there is arguably the formation of 1H wedge 4H BF
GU Daily
I continue to note the H&S pattern and will argue that it is valid and more so if 1.6670 holds, I will be happy to call it confirmed. The textbook appearance of structures is rare, the statistical advantage of the structure is all you are looking for.
GU Weekly
Invalid candle I know but...
My call is 1.705 in the coming weeks then we can test technical for 1.72 Price Action and the market will tell us
I remain a GBP bull till the reversal has been confirmed beyond a reasonable doubt...
Trade safe keep charting
Be well...
- #371,553
- Apr 11, 2014 5:06am Apr 11, 2014 5:06am
- Joined May 2009 | Status: Trader | 4,895 Posts
{quote} it did break the triangle to the top already? hint - it did.
- #371,555
- Apr 11, 2014 5:10am Apr 11, 2014 5:10am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} Maybe it is not clear who or what defend this area? This is the top 3966. We can with great confidence that if broken up, the top will be broken. {image}
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #371,556
- Apr 11, 2014 5:18am Apr 11, 2014 5:18am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Good day Bones, all Howzit? GU 1H View Post FOMC the dollar lost substantial ground giving rise to the flush north and met the 1.6805 target indicated by the flag, although PA has drifted south since this event I'm disinclined to look for positions short reasons are Fundamentals 1 US rates will rise mid to late 2015 2 GBP rates as a matter of course are first in line for an increase ....Sure I'll get flamed for that... Time will tell The RSI has had time to cool off and so the OB conditions have abated price hold above minor support 1.672xx...
Ghost Rider - WWTBMD?
- #371,558
- Apr 11, 2014 5:21am Apr 11, 2014 5:21am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} No flame here.... Great analysis. Good techs...sound reasoning.
- #371,560
- Apr 11, 2014 5:48am Apr 11, 2014 5:48am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea