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Cable Update (GBPUSD)

  • #375,501
  • May 2, 2014 9:54am May 2, 2014 9:54am
Quoting nAVIN2007
{quote} :nerd: dont ya just love it..bring on the pain
Inserted Video
Come with me if you want to live....
  • #375,502
  • May 2, 2014 9:56am May 2, 2014 9:56am
Quoting Ill-b-back
{quote} https://www.youtube.com/watch?v=lSPNQ82Sq4E


Inserted Video


bring it
  • #375,503
  • May 2, 2014 9:58am May 2, 2014 9:58am
Quoting nAVIN2007
{quote}
He's got some big ass lips...
Come with me if you want to live....
  • #375,504
  • May 2, 2014 10:01am May 2, 2014 10:01am
Hmmmm... thinking of putting a stop loss on this little feeler long just under 6850.
Ghost Rider - WWTBMD?
  • #375,505
  • May 2, 2014 10:02am May 2, 2014 10:02am
Quoting nAVIN2007
{quote}
1 point though

GU Daily could be a inv hammer, hanging man combo... Which is bearish

Tuesday... will tell
Attached Image
  • #375,506
  • May 2, 2014 10:02am May 2, 2014 10:02am
Quoting elbert3
{quote} {image} will it hold candle close in blue bull below blue bear
Hi Elbert
from your chart, i can say "Agan pasti org indo"
Tdk ada yang salah dengan seekor Gagak. Dibandingkan burung yang terkurung
  • #375,507
  • May 2, 2014 10:04am May 2, 2014 10:04am
Quoting JimmyC
{quote} 1 point though GU Daily could be a inv hammer, hanging man combo... Which is bearish Tuesday... will tell {image}
thats right jimbo ..u are learning very quick

i like this

Inserted Video
  • #375,508
  • May 2, 2014 10:12am May 2, 2014 10:12am
Quoting JimmyC
{quote} 1 point though GU Daily could be a inv hammer, hanging man combo... Which is bearish Tuesday... will tell {image}
Yeah, as much as I would like to celebrate - it's still early. GU has respected this nice upward channel though. Right on through the NFP.

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  • #375,509
  • May 2, 2014 10:12am May 2, 2014 10:12am
Quoting JimmyC
{quote} 1 point though GU Daily could be a inv hammer, hanging man combo... Which is bearish Tuesday... will tell {image}
With 6 hrs to go before close NY time,

A nice long candle, and only 45 pips from the top....

Who knows what shape the daily could be.

Attached Image (click to enlarge)
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Come with me if you want to live....
  • #375,510
  • May 2, 2014 10:13am May 2, 2014 10:13am
FYI, this pair has performed exactly to rising wedge theory - it broke back into the wedge, passed the centre line, broke under the wedge and tested the underside for a while, then it should complete after testing the underside of the wedge top.

Obviously if it breaks back over 1.69, it's failed - but so far it's a text book example.
  • #375,511
  • May 2, 2014 10:14am May 2, 2014 10:14am
on this weekly GBP USD, resistance turn support now @ key psycho level (6800). sorry, no fancy japanese name for that combo.
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  • #375,512
  • May 2, 2014 10:15am May 2, 2014 10:15am
this market is weird..USD good news gbp strength increase to compensate..

then USD tanks and GBP strength sinks to compensate..u can see this with dragon..lost 50 pips

was looking for a doji on weekly but looks like market intends to take more victims..the bus is not full
  • #375,513
  • May 2, 2014 10:16am May 2, 2014 10:16am
Quoting Mpt
FYI, this pair has performed exactly to rising wedge theory - it broke back into the wedge, passed the centre line, broke under the wedge and tested the underside for a while, then it should complete after testing the underside of the wedge top. Obviously if it breaks back over 1.69, it's failed - but so far it's a text book example.
don't see how that fits into the wedge theory.
Attached Image (click to enlarge)
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  • #375,514
  • Edited 10:40am May 2, 2014 10:20am | Edited 10:40am
Quoting Ill-b-back
{quote} With 6 hrs to go before close NY time, A nice long candle, and only 45 pips from the top.... Who knows what shape the daily could be. {image}
But Jimmy has a point. If this daily ends up a nice hangmen (inverted hammer), it could very well be the needed structure to bring this down to test the 6800 it has "so far" missed today. I can only hope for such a nice discount buy. My very outside buy area remains the 6780/50 area but I'm not thinking "as of now" it will not get there.

Dragon buy looking very tempting as UJ now bounces "a little" ?
Ghost Rider - WWTBMD?
  • #375,515
  • May 2, 2014 10:20am May 2, 2014 10:20am
Quoting nAVIN2007
this market is weird..USD good news gbp strength increase to compensate.. then USD tanks and GBP strength sinks to compensate..u can see this with dragon..lost 50 pips was looking for a doji on weekly but looks like market intends to take more victims..the bus is not full
The real crucifying happened when we took out the bottom of the multi year monthly bodies around the 1.54 handle with last years fall, followed promptly by the hysterical media fed tapermania that caught just about every man and his dog offside.
Come with me if you want to live....
  • #375,516
  • May 2, 2014 10:23am May 2, 2014 10:23am
Quoting albchr
{quote} But Jimmy has a point. If this daily ends up a nice hangmen (inverted hammer), it could very well be the needed structure to bring this down to test the 6800 it has "so far" missed today. I can only hope for such a nice discount buy. My very outside buy area remains the 6780/50 area but I'm not thinking "as of now" it will get there.
Yes of course, I'm not discounting it, but I have the same chart as RuffRyders above.

Add in the strong support below and the record low participation rate published today and I guess I'm in the bull camp based only on probabilities, not certainties
Come with me if you want to live....
  • #375,517
  • May 2, 2014 10:26am May 2, 2014 10:26am
Quoting nAVIN2007
this market is weird..USD good news gbp strength increase to compensate.. then USD tanks and GBP strength sinks to compensate..u can see this with dragon..lost 50 pips was looking for a doji on weekly but looks like market intends to take more victims..the bus is not full
well it is nfp and it is friday and together thats pretty nuts .. just my 2 cents worth of useless info..
  • #375,518
  • May 2, 2014 10:29am May 2, 2014 10:29am
day is not out yet, true, still this W1 EU chart points to the further direction. it's 90% safe to say that triangle broke out to the top now.
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  • #375,519
  • May 2, 2014 10:30am May 2, 2014 10:30am
Quoting Ill-b-back
{quote} Yes of course, I'm not discounting it, but I have the same chart as RuffRyders above. Add in the strong support below and the record low participation rate published today and I guess I'm in the bull camp based only on probabilities, not certainties
No question it's bullish bro and as I posted here and in my corner, 6820/6800 is my main buying area. We may not get anymore than that 6820 test we got today. But next week could see it fall off a bit. At least I rather hope so for better buys. But if not, I have no problem adding until 1.7xx. We'll just have to see what PA tells us from here.

Not making any moves on dragon as of yet. UJ still questionable at best. Could get better price still.
Attached Image (click to enlarge)
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Ghost Rider - WWTBMD?
  • #375,520
  • May 2, 2014 10:34am May 2, 2014 10:34am
was able to close both shorts 6842/6829 and decided to open a new short right now

shorting at 1.6874
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