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Cable Update (GBPUSD)

  • #379,021
  • May 25, 2014 9:16am May 25, 2014 9:16am
Quoting claudia1
{quote} Depends what t/f you looking at. With Draghi speaking later, Euro elections, UK and US both have bank holidays tomorrow I'd sit back and wait a while on cable. I think it will probably go down dragged by the euro but what do I know. As a day trader it doesn't matter too much. Good luck.
Thanks! A friend told me fundamentals show we could go down maybe 50% or so. I did not get all the details she told me though.
  • #379,022
  • May 25, 2014 9:24am May 25, 2014 9:24am
Long term. Day trade some to but looking for some long term investment as safe as possible.
  • #379,023
  • May 25, 2014 9:35am May 25, 2014 9:35am
She has been right before but since i am investing a larger part of the money i wanted to ask you guys to..
  • #379,024
  • May 25, 2014 9:39am May 25, 2014 9:39am
Quoting johs
Long term. Day trade some to but looking for some long term investment as safe as possible.
Then keep money in the bank!

Personally I don't hold currency trades more than a day sometimes a bit longer maybe. Long term investment is a different thing - property and equities are the thing for me. But we all different.
  • #379,025
  • May 25, 2014 9:56am May 25, 2014 9:56am
Quoting claudia1
{quote} Then keep money in the bank! Personally I don't hold currency trades more than a day sometimes a bit longer maybe. Long term investment is a different thing - property and equities are the thing for me. But we all different.
I know she knows what she is doing but i donīt get it. The details then.
  • #379,026
  • May 25, 2014 10:09am May 25, 2014 10:09am
Any insiders?
  • #379,027
  • May 25, 2014 10:31am May 25, 2014 10:31am
She says the Forex market is manipulated actually. So if you know what those who control it knows etc...
  • #379,028
  • May 25, 2014 10:49am May 25, 2014 10:49am
Have asked her to write it down for me..ha ha
Since itīs BIG money i want to be veeery sure. Her track record is great. Have seen it.

Letīs see in a few weeks and months how itīs going. Going in with 20% to start with.
  • #379,029
  • May 25, 2014 11:15am May 25, 2014 11:15am
as of H4 tf
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 38 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #379,030
  • May 25, 2014 3:21pm May 25, 2014 3:21pm
I took a look on bit bigger timeframes that D1 and i found out this.a big ABCD pattern that has already completed and also a Bearlish Crab.Please dont kill me if i'm wrong .
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-usd monthly bearlish crab + abc.png Size: 126 KB
  • #379,031
  • May 25, 2014 3:36pm May 25, 2014 3:36pm
Hmm... so far France, Denmark and Austria have rejected the farce in Brussels - European elections - and it is said that the Uk will follow suit.


Should make for an interesting announcement(s) from Draghi over the next few days - with the powers that be behind money being perhaps a little lost tomorrow whilst the UK and US are on holiday. Tuesday should be fun!
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #379,032
  • May 25, 2014 4:16pm May 25, 2014 4:16pm
Quoting BogiFX
I took a look on bit bigger timeframes that D1 and i found out this.a big ABCD pattern that has already completed and also a Bearlish Crab.Please dont kill me if i'm wrong . {image}
ok if take part of it for an intention / short term correction as it demands now > still bull set up smaller is about success in the last leg up of the bigger bear set up & this last leg up if more success can turn into reversal to the bear as whole too . lets see if 7042 breaks & correct or not now.
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #379,033
  • May 25, 2014 4:37pm May 25, 2014 4:37pm
Quoting fontu
{quote} ok if take part of it for an intention / short term correction as it demands now > still bull set up smaller is about success in the last leg up of the bigger bear set up & this last leg up if more success can turn into reversal to the bear as whole too . lets see if 7042 breaks & correct or not now. fontu {image}
Nice chart
  • #379,034
  • May 25, 2014 5:04pm May 25, 2014 5:04pm
Quoting BogiFX
{quote} Nice chart
One would do well not to snicker at fontu

So here's a completely pointless exercise in boredom. Simply by the numbers and just for fun. Monthly with fib......
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmmonthly_fun.png Size: 50 KB
Ghost Rider - WWTBMD?
  • #379,035
  • May 25, 2014 5:06pm May 25, 2014 5:06pm
Quoting fontu
{quote} ok if take part of it for an intention / short term correction as it demands now > still bull set up smaller is about success in the last leg up of the bigger bear set up & this last leg up if more success can turn into reversal to the bear as whole too . lets see if 7042 breaks & correct or not now. fontu {image}
Ghost Rider - WWTBMD?
  • #379,036
  • May 25, 2014 5:19pm May 25, 2014 5:19pm
Quoting albchr
{quote} One would do well not to snicker at fontu So here's a completely pointless exercise in boredom. Simply by the numbers and just for fun. Monthly with fib...... {image}
Chrs i just took a reading about those patterns and i looked on my charts if i could spot some of them.I'm not pretty sure if they are corect.I shared them to hear any opinios if i'm right or wrong.Thats all.
  • #379,037
  • May 25, 2014 5:28pm May 25, 2014 5:28pm
Quoting BogiFX
{quote} Chrs i just took a reading about those patterns and i looked on my charts if i could spot some of them.I'm not pretty sure if they are corect.I shared them to hear any opinios if i'm right or wrong.Thats all.
Oh I wasn't busting your chops at all buddy. Just hinting that fontu is someone to watch. His charts and English can take some getting used to but...

He gave you his opinion on your chart.

As I'm just now dipping my own toes into harmonics, I can't really give an opinion on what you found. Well, I could but it might not worth much....
Ghost Rider - WWTBMD?
  • #379,038
  • May 25, 2014 5:37pm May 25, 2014 5:37pm
Quoting Red Alert
{quote} Yes, the Possibility remain open Sir, but how PA at key resistance will be interesting ...... I will consider buy when daily RSI show reasonable value.... or price hit key resistance (daily kumo) My method is simple using fibo to know key level, ichimoku to predict next trend also target and RSI for confirmation Both buy or sell must find their moment with reasonable reason Good luck IBB have a nice day for you... Regards R.A
Yeah who knows Red.
2013 was a massive pin bar, 2014 bar just seems to be following through after large weekly/monthly consolidation down at 1.48 area.
As such, bullish harmonics have been more favoured.
I still think we are going to 1.73xx, as long as support/weekly TL holds.
Back to work for me, cheers mate.
Come with me if you want to live....
  • #379,039
  • May 25, 2014 5:59pm May 25, 2014 5:59pm
Quoting BogiFX
I took a look on bit bigger timeframes that D1 and i found out this.a big ABCD pattern that has already completed and also a Bearlish Crab.Please dont kill me if i'm wrong . {image}
Hi Bogi,

To be honest I can't really identify a "pattern" on the monthly. But if we just go by the fib from the last swing high and low, This is interesting. Last month clearly broke and closed above the 127.2 and this month, although dipped below, is still trading above it with this last week of May to go. Should this month close above it (or even the 1.67096 in my worthless number chart above), I'd have to say bull run is in tact as of now and maybe loosing steam on it's way up to 1.7348 the 161.8 extension. (Which just so happens to be in line with the 50% in that worthless chart above)

One thing's for sure, the bulls and bears are in full fight mode now and it will be interesting to see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmmonthly_fun_2.png Size: 48 KB
Ghost Rider - WWTBMD?
  • #379,040
  • May 25, 2014 6:27pm May 25, 2014 6:27pm
Quoting albchr
{quote} Hi Bogi, To be honest I can't really identify a "pattern" on the monthly. But if we just go by the fib from the last swing high and low, This is interesting. Last month clearly broke and closed above the 127.2 and this month, although dipped below, is still trading above it with this last week of May to go. Should this month close above it (or even the 1.67096 in my worthless number chart above), I'd have to say bull run is in tact as of now and maybe loosing steam on it's way up to 1.7348 the 161.8 extension. (Which just so happens to be...
Well them i'm just wrong.
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