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Cable Update (GBPUSD)

  • #377,921
  • May 16, 2014 7:06am May 16, 2014 7:06am
1.6785 proved to be good support for the Cable. I hope the pair to rally towards 1.6830, given the breakout above 1.6815 sustains.
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  • #377,922
  • May 16, 2014 7:31am May 16, 2014 7:31am
Quoting musani
1.6732 Hit {image}
1.6832 target
Attached Image
GELORE
  • #377,923
  • May 16, 2014 7:34am May 16, 2014 7:34am
Quoting albchr
{quote} I only said that because the 1H 50ema and DP were right below so I expected a bounce. Let's see where it goes. I'm thinking maybe this time it tests 6820 finally? {image}
Decision time me thinks.
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Ghost Rider - WWTBMD?
  • #377,924
  • May 16, 2014 7:43am May 16, 2014 7:43am
Quoting albchr
{quote} Decision time me thinks. {image}
  • #377,925
  • May 16, 2014 7:53am May 16, 2014 7:53am
GU at Res & breaking DT

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Overbought might track sideways now or surprise up but strong against $DXY suspect the cool off is over and back to tracking up sideways.
  • #377,926
  • May 16, 2014 7:54am May 16, 2014 7:54am
Quoting DerekTrotter
{quote}
Our little correction in this bull trend may be over? Test in progress... lets' see.
Ghost Rider - WWTBMD?
  • #377,927
  • May 16, 2014 7:56am May 16, 2014 7:56am
Quoting albchr
{quote} Our little correction in this bull trend may be over? lets' see.
Wonder how Elberts doing - wondering if next he is planning to put his farm up for a few trades .. sure he has one ..
  • #377,928
  • May 16, 2014 7:59am May 16, 2014 7:59am
Close on 50 pips as its Friday.. bought yesterday at 167 - 650 - weekend is here hal a loo leee yah .. have a good one comrades .
  • #377,929
  • May 16, 2014 7:59am May 16, 2014 7:59am
Quoting DerekTrotter
{quote} Wonder how Elberts doing - wondering if next he is planning to put his farm up for a few trades .. sure he has one ..
... I'm hoping he got out, went long and between that and gold he's smiling pretty. That short is just a temporary setback if I know him.
Ghost Rider - WWTBMD?
  • #377,930
  • May 16, 2014 8:05am May 16, 2014 8:05am
Futures going into the US open

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$DXY
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TL withstanding tests so far
  • #377,931
  • Edited 8:15am May 16, 2014 8:11am | Edited 8:15am
EU vs GU Strength

M5
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  • #377,932
  • May 16, 2014 8:11am May 16, 2014 8:11am
Quoting Darkforce
{quote} Channel bottom still holds plus we tested 1.6742. The reaction to the US news also suggest that the selling at the beginning of the week is drying up. We are going back up. {image}
Target hit, sort of. 1.6830 hit too.

If weekly closed above 1.6820 then that's a turning back towards 1.7 in process.
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  • #377,933
  • May 16, 2014 8:18am May 16, 2014 8:18am
1.682 level is important to both bulls and bears for the bulls it indicates 1.692 for the bears a return to 1.67
I don't mind either both are longer term bull levels for now
  • #377,934
  • May 16, 2014 8:20am May 16, 2014 8:20am
DXY will go test the 80 level now, US session seeing Indexes turning optimistic -> bad for the dollar good for the GBP
  • #377,935
  • May 16, 2014 8:21am May 16, 2014 8:21am
Quoting JimmyC
1.682 level is important to both bulls and bears for the bulls it indicates 1.692 for the bears a return to 1.67 I don't mind either both are longer term bull levels for now
Ghost Rider - WWTBMD?
  • #377,936
  • May 16, 2014 8:30am May 16, 2014 8:30am
Quoting albchr
{quote}
I note both EU and &DX are in fairly classic H&S format EU reversal seems assured if DX goes below 80 the next hour will tell, fundy bump due in a bit, may resolve the indecision shown on higher TF
opportunity beckons
  • #377,937
  • May 16, 2014 8:34am May 16, 2014 8:34am
Rickshaw man next to Grave stone... DX not in a bullish mood
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  • #377,938
  • May 16, 2014 8:38am May 16, 2014 8:38am
Quoting albchr
{quote} ... I'm hoping he got out, went long and between that and gold he's smiling pretty. That short is just a temporary setback if I know him.
hi guys your concerned thank you,, but i am still in,, the money is a problem but hey,, £1980 ish,, the big boys use the 20 and 200 i will let you guess where i pull the plug,, no farm dell but i have big bullocks ????
  • #377,939
  • May 16, 2014 8:39am May 16, 2014 8:39am
Quoting JimmyC
{quote} I note both EU and &DX are in fairly classic H&S format EU reversal seems assured if DX goes below 80 the next hour will tell, fundy bump due in a bit, may resolve the indecision shown on higher TF opportunity beckons
http://www.forexfactory.com/showthre...21#post7473921

Sorry wrong charts at first.
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Ghost Rider - WWTBMD?
  • #377,940
  • May 16, 2014 8:44am May 16, 2014 8:44am
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