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Cable Update (GBPUSD)

  • #379,161
  • Edited 11:26pm May 26, 2014 10:58pm | Edited 11:26pm
Interesting eu ( though gu forum) for long time !Fly in the sky! but time should not mature yet. Some back debt to be paid first/corrections up & down. Smaller range 3773-3850 to 3450-3500 up first preference , medium range 4817 to 3083 most probable & preference UP first & last 5300/6600 to 2300 , least chance that low but down first preferences.
Just probabilities rt now & then , thanks , take care because all can see may not true or success always. let's see before the believe .Should be true for all pairs presently for extended time to better form the base or top either.
Thanks & take care again .
fontu

In Gold there is a small symmetrical triangle at mid level of a wave & likely break soon to 1369 to 1185 reach direct> 1300 breaks up & hold or 1283 breaks down & hold will signal but as I saw sudden spike up in gold in the evening , preference should down for me if want bet like early birds !
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #379,162
  • May 26, 2014 11:14pm May 26, 2014 11:14pm
Hi everyone ~

Apparently feel this trendline or this resistance should hold. Although overall for GU is upside. However not enough strength to push past for a new high, Therefore I would expect more testing at 1.6760 area.
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Read the entire market, money is made on the main trend not the fluctuation
  • #379,163
  • May 26, 2014 11:37pm May 26, 2014 11:37pm
Agreed.
Intraday only.
  • #379,164
  • May 26, 2014 11:39pm May 26, 2014 11:39pm
something fun
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In trading, you have to be defensive and aggressive at the same time
  • #379,165
  • May 27, 2014 12:15am May 27, 2014 12:15am
Quoting Kofmaster
Hi everyone ~ Apparently feel this trendline or this resistance should hold. Although overall for GU is upside. However not enough strength to push past for a new high, Therefore I would expect more testing at 1.6760 area. {image}
I have to agree I don't think we're going to see new highs. That 1H stick up had about 1/3 to 1/4 normal volume for that move which is why I expected the fade off as marked. Suppose London could changer things if we get some volatility going. But I do think we'll see more upside prior to testing the 67xx area again. Should be interesting either way.
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Ghost Rider - WWTBMD?
  • #379,166
  • May 27, 2014 12:41am May 27, 2014 12:41am
Quoting Davit
something fun {image}
Great!
  • #379,167
  • May 27, 2014 12:45am May 27, 2014 12:45am
Quoting Davit
Added shorts at 6880 2x 2x 69 2x 6920 Idea is selling the rallies in confluence with Euro devaluation.Draghi already made it clear low inflation+high Euro is undesirable cocktail. 97% positive correlation with GU Plus harmonics
correlation??? euro falls 380 pips. gbp falls 100 pips. what correlation are you talking about. GBP rallies 2000 pips from June and euro rallies about 800 pips from June. what correlation is this?
  • #379,168
  • May 27, 2014 12:51am May 27, 2014 12:51am
Ghost Rider - WWTBMD?
  • #379,169
  • May 27, 2014 1:11am May 27, 2014 1:11am
Quoting giveachance
{quote} correlation??? euro falls 380 pips. gbp falls 100 pips. what correlation are you talking about. GBP rallies 2000 pips from June and euro rallies about 800 pips from June. what correlation is this?
based on live data
Its not 100% predictable but if Euro to fall to 1.35 what do you think odds are GU falling to 1.67-1.66?
More then 1.70 right? That's what I am talking about! its not about precise number but sentiment.
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In trading, you have to be defensive and aggressive at the same time
  • #379,170
  • May 27, 2014 1:24am May 27, 2014 1:24am
Quoting Davit
{quote} based on live data Its not 100% predictable but if Euro to fall to 1.35 what do you think odds are GU falling to 1.67-1.66? More then 1.70 right? That's what I am talking about! its not about precise number but sentiment. {image}
unless it falls below 1.6820 there is no pint in being bearish. there are large sell stops at 1.68 which if triggered can hammer it again by 50 pips quickly
  • #379,171
  • May 27, 2014 1:36am May 27, 2014 1:36am
Quoting giveachance
{quote} unless it falls below 1.6820 there is no pint in being bearish. there are large sell stops at 1.68 which if triggered can hammer it again by 50 pips quickly
If you are long.Its perfectly acceptable and logical.
I just prefer shorting at this junction.
Good luck

Added few more shorts at 6865
In trading, you have to be defensive and aggressive at the same time
  • #379,172
  • May 27, 2014 1:42am May 27, 2014 1:42am
Quoting Davit
{quote} If you are long.Its perfectly acceptable and logical. I just prefer shorting at this junction. Good luck Added few more shorts at 6865
You knoe I won't long this especially when markets are huge long and one bad news can bring it down by 200 pips. this last move was stoploss hunting. there are sell orders at 80 getting filled up. dealers will target that before next down move.
  • #379,173
  • May 27, 2014 1:45am May 27, 2014 1:45am
Quoting giveachance
{quote} You knoe I won't long this especially when markets are huge long and one bad news can bring it down by 200 pips. this last move was stoploss hunting. there are sell orders at 80 getting filled up. dealers will target that before next down move.
My 6880 shorts got triggered.
Everything is going as planned.
In trading, you have to be defensive and aggressive at the same time
  • #379,174
  • May 27, 2014 1:47am May 27, 2014 1:47am
very sharp spikes up in gbp whenever gbp/aud hit 1.8190.
  • #379,175
  • May 27, 2014 1:51am May 27, 2014 1:51am
Quoting giveachance
{quote} You knoe I won't long this especially when markets are huge long and one bad news can bring it down by 200 pips. this last move was stoploss hunting. there are sell orders at 80 getting filled up. dealers will target that before next down move.
How can you distinguish stop hunt from the normal move?
swing it!
  • #379,176
  • May 27, 2014 1:51am May 27, 2014 1:51am
Quoting Kajos2250
GU H4 GMT+3 After some loss at this level, it is time to reload the longs Decided correction of bulls, daily indside bars. Trend is up who is my friend(even) Buy stop .6875, buy limit .6806. Invalidation if price could close under ~6800... Good luck! {image} {image}
ű

Buy stop triggered, limit deleted...
Anything is math!
  • #379,177
  • May 27, 2014 1:51am May 27, 2014 1:51am
don't see any new fresh sell orders above 1.6882. if see fresh orders above 1.69 it could be attributed to a fresh move from pfizer for astrazeneca
  • #379,178
  • May 27, 2014 1:52am May 27, 2014 1:52am
i predict the pair GU today...session of european....
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  • #379,179
  • May 27, 2014 1:53am May 27, 2014 1:53am
Quoting tomspin
{quote} How can you distinguish stop hunt from the normal move?
i will tell you when it falls 30 pips from that high. don't ask me questions. you know I don't like you and will never answer you
  • #379,180
  • May 27, 2014 1:53am May 27, 2014 1:53am
It's about to get nasty in here for some, good luck to all http://www.easyfreesmileys.com/smile...mileys-995.gif
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