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Cable Update (GBPUSD)

  • #378,921
  • May 22, 2014 12:45pm May 22, 2014 12:45pm
Quoting JimmyC
{quote} C must occur @ 61.8% of XA retracement, On this occasion C occurs @ 50% Not a Gartley GU {image} Gartley {image} Regards,
You are correct its not Gartley. Its actually a Bat pattern.
I often trade the shapes visually variations just change names like Gartley,Bat,Butterfly,Crab are remarkably similar.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #378,922
  • May 22, 2014 12:50pm May 22, 2014 12:50pm
<p>
Quoting Luther
GU and GY charts. {image} {image}
JPY is coming out of hiding - positive Sales of Existing Homes
  • #378,923
  • May 22, 2014 1:02pm May 22, 2014 1:02pm



Quoting JimmyC
GU Daily Weekly Pivot / R1 and change in polarity 1.686 level Price rejects 1.69965 creates a new swing low then reacts today @ Weekly resistance R1 The longer term trend line has not been touched and PA remains above the weekly pivot and TL -> technical uptrend holds Examination of PA suggests that price may be creating a diamond formation and given its position in the trend, it could warn of reversal with a measured target of 1.656 if price breaks to the downside, either way I'd be cautious overall {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd USD d1 dark cloud (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #378,924
  • May 22, 2014 1:04pm May 22, 2014 1:04pm
gbp cad d1
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CAD engulfing (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #378,925
  • May 22, 2014 1:13pm May 22, 2014 1:13pm
Quoting Bones
gbp cad d1 {image}
Something is telling me gbpcad will close higher than 1.8450 tomorrow
  • #378,926
  • May 22, 2014 1:36pm May 22, 2014 1:36pm
whats that then ?


Quoting GDR3k
{quote} Something is telling me gbpcad will close higher than 1.8450 tomorrow
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #378,927
  • May 22, 2014 1:38pm May 22, 2014 1:38pm
tl bounce = false


Quoting Bones
whats that then ? {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #378,928
  • May 22, 2014 3:17pm May 22, 2014 3:17pm
retest, now above significant ema's from monthly to 1hr.

Let's see how she rolls
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 30 KB
Click to Enlarge Name: gbpusdh4.png Size: 33 KB
Click to Enlarge Name: gbpusdh1.png Size: 36 KB
Click to Enlarge Name: gbpusdm30.png Size: 39 KB
Come with me if you want to live....
  • #378,929
  • May 22, 2014 3:34pm May 22, 2014 3:34pm
Quoting Bones
whats that then ? {quote}
A recurring chart pattern which I see over and over to suck in sellers. I will be very surprised if it drops tomorrow.
  • #378,930
  • May 22, 2014 3:44pm May 22, 2014 3:44pm
Quoting Ill-b-back
retest, now above significant ema's from monthly to 1hr. Let's see how she rolls {image} {image} {image} {image}
Good Morning Sir will i make you some coffee?

now its your shift its my turn to sleep.

GL bro!

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #378,931
  • May 22, 2014 3:50pm May 22, 2014 3:50pm
hi guys from blowy france,we have come off the boat it is in the harbour but up and down like a yoyo, not good after wine ???we are waiting to see if 6878is capped were on the phone so no charts ,it looks like price was slapped down today and we are just on a pull back to short again??
  • #378,932
  • May 22, 2014 3:52pm May 22, 2014 3:52pm
Quoting eitan1010
{quote} Good Morning Sir will i make you some coffee? now its your shift its my turn to sleep. GL bro! Eitan.
Kind thoughts Eitan, much appreciated
Just had my double shot and going back for another,

quite a bit to do today......

Will check things out over the weekend.

sleep tight my friend
Come with me if you want to live....
  • #378,933
  • May 22, 2014 4:05pm May 22, 2014 4:05pm
Quoting Ill-b-back
retest, now above significant ema's from monthly to 1hr. Let's see how she rolls {image} {image} {image} {image}
Personally I'm seeing on the 4hr, 1st descending ABCD down pattern from 1699x - 16730 complete.
Seeing 2nd ascending ABCD from 1.6730 - ...... in (potential) formation.
Come with me if you want to live....
  • #378,934
  • May 22, 2014 4:07pm May 22, 2014 4:07pm
guess its possible based on weeklky and consolidation zone , Id like to see pattern your refering too ?




Quoting GDR3k
{quote} A recurring chart pattern which I see over and over to suck in sellers. I will be very surprised if it drops tomorrow.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #378,935
  • May 22, 2014 4:07pm May 22, 2014 4:07pm
Quoting Kajos2250
{quote} Buy stop triggered again. Invalidation is unchanged. It can do it Good luck! {image}
GU H4 GMT+3

It is time to strength the longs, buy stop .6883 and .6905!
Last broken resistance ~6850 retested, I hope the bearish correction is over.
Invalidation stayed, if price could close under ~6850.
Daily trend started again, ~7000 is coming

Good luck!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdmicroh4.png Size: 64 KB
Click to Enlarge Name: gbpusdmicrodaily.png Size: 51 KB
Anything is math!
  • #378,936
  • May 22, 2014 4:57pm May 22, 2014 4:57pm
I've closed most of my shorts @1.6858, since after the price broke the support @1.686x, the price didn't fall hard as I was expecting. Maybe I'll try some more shorts at 1.6880 or higher
  • #378,937
  • May 22, 2014 6:36pm May 22, 2014 6:36pm
i have same view as yours for ABCd on this pair.

Quoting Ill-b-back
{quote} Personally I'm seeing on the 4hr, 1st descending ABCD down pattern from 1699x - 16730 complete. Seeing 2nd ascending ABCD from 1.6730 - ...... in (potential) formation.
Attached Image (click to enlarge)
Click to Enlarge Name: 052314abcdgbpusdh4.png Size: 48 KB
  • #378,938
  • May 22, 2014 7:28pm May 22, 2014 7:28pm
Quoting ssaqeel
i have same view as yours for ABCd on this pair. {quote} {image}
No, we have the opposite view.
I am bullish after the broken descending TL retest at 6860 area.
My initial target is up towards the 1.7 area with an "ascending" ABCD.
you check out my last posted charts for clarification of what I mean.
Come with me if you want to live....
  • #378,939
  • May 22, 2014 7:57pm May 22, 2014 7:57pm
I think we will find this pare below 67 in next week. Its my opinion.
  • #378,940
  • May 22, 2014 8:41pm May 22, 2014 8:41pm
sorry my mistake, Thanks for the reply

Quoting Ill-b-back
{quote} No, we have the opposite view. I am bullish after the broken descending TL retest at 6860 area. My initial target is up towards the 1.7 area with an "ascending" ABCD. you check out my last posted charts for clarification of what I mean.
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