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Cable Update (GBPUSD)

  • #379,361
  • May 28, 2014 2:50am May 28, 2014 2:50am
Quoting Lamira
Does anyone having a good idea of how far down we dropping? Want move my tp lower...
1.65
.
.
.
This thread should be for discussion, learning and sharing. Not for following calls, tp and sl.
Read the entire market, money is made on the main trend not the fluctuation
  • #379,362
  • May 28, 2014 2:53am May 28, 2014 2:53am
cable oversold... up 1.6840/500 then 100 pip drop will happen overnight and tomorrow printing fresh low at end of tomorrow at 1.6744 minimum....
  • #379,363
  • May 28, 2014 2:55am May 28, 2014 2:55am
Quoting Kofmaster
{quote} 1.65 . . . This thread should be for discussion, learning and sharing. Not for following calls, tp and sl.
well. Here is nice people who can show you more than you can see
  • #379,364
  • May 28, 2014 2:56am May 28, 2014 2:56am
Dollar taking on resistance as expected, and green line is next up. Nice followthrough expected on majors.
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  • #379,365
  • May 28, 2014 2:57am May 28, 2014 2:57am
Quoting Kofmaster
{quote} 1.65 . . . This thread should be for discussion, learning and sharing. Not for following calls, tp and sl.
driving far cant see well on app opinions helps a lot if its close to yours
  • #379,366
  • May 28, 2014 3:03am May 28, 2014 3:03am
Attached Image (click to enlarge)
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normally you would want to buy or sell at the 10 ema,but on the week has price come through enough to take us to the red 20 ema ?????????
  • #379,367
  • May 28, 2014 3:04am May 28, 2014 3:04am
Quoting Fx_Anil
{quote} Agree with you to a certain extent that the pair can reverse from 1.6756. However, in my personal view i think that support will not be respected this time as there prevails huge downside momentum. Lets hop for the weaker days of GBPUSD.

Think it will hold.... Friday is the test of 137 which wont break easy so today we fractal back to the resistance we did not hit..back fill in other words 1.6845/50 then tomorrow and overnight short too 1.6744 then Friday short close to 168 and test 1.67, that's my opinion
  • #379,368
  • May 28, 2014 3:04am May 28, 2014 3:04am
Quoting Lamira
{quote} well. Here is nice people who can show you more than you can see
Well i can be nice too.
I can be nicer teaching you how to fish rather than feed you a fish today. Just saying ~
Read the entire market, money is made on the main trend not the fluctuation
  • #379,369
  • May 28, 2014 3:07am May 28, 2014 3:07am
Well 4H trendline clearly breached. However stopped at the resistance I mention on 1.6763. therefore have to wait until daily close below that level. Or else I remained bullish
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Read the entire market, money is made on the main trend not the fluctuation
  • #379,370
  • Edited 3:20am May 28, 2014 3:09am | Edited 3:20am
Just got again ,one level down gu , ok and as 6758 is my buying area till 6730 or down also so give a hand below a falling knife . test buy starts from here .apparently low first for the weekend range increase.
fontu
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #379,371
  • May 28, 2014 3:10am May 28, 2014 3:10am
Quoting Kofmaster
{quote} Well i can be nice too. I can be nicer teaching you how to fish rather than feed you a fish today. Just saying ~
and ill be happy to learn
  • #379,372
  • May 28, 2014 3:10am May 28, 2014 3:10am
Quoting RussJ
{quote} Think it will hold.... Friday is the test of 137 which wont break easy so today we fractal back to the resistance we did not hit..back fill in other words 1.6845/50 then tomorrow and overnight short too 1.6744 then Friday short close to 168 and test 1.67, that's my opinion
This is exactly what i wish to say...... Great coincidence
  • #379,373
  • May 28, 2014 3:11am May 28, 2014 3:11am
My new daily resistance 1.676 - 1.673
Attached Image (click to enlarge)
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Read the entire market, money is made on the main trend not the fluctuation
  • #379,374
  • May 28, 2014 3:16am May 28, 2014 3:16am
Quoting Fx_Anil
{quote} This is exactly what i wish to say...... Great coincidence
2 people thinking exactly the same is no coincidence,.... market fractals and if you can read it correctly then you can profit from it... we both clearly read the market exactly the same
  • #379,375
  • May 28, 2014 3:16am May 28, 2014 3:16am
Personally I find it difficult for cable to stop in the middle of nowhere ...it will be more logical to wait for the base of the channel
Currently it seems to have a lot of momentum to the downside
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  • #379,376
  • May 28, 2014 3:19am May 28, 2014 3:19am
http://www.easyfreesmileys.com/smile...mileys-985.gif
  • #379,377
  • May 28, 2014 3:31am May 28, 2014 3:31am
Quoting Carlicus
Personally I find it difficult for cable to stop in the middle of nowhere ...it will be more logical to wait for the base of the channel Currently it seems to have a lot of momentum to the downside {image}
Well, it's exactly not stopping in the middle of no where, I manage the same scenario as other members are watching. But to me it is attacking the support at 1.676x with a lot of strenght. Also the ascending trendline is being hit for the 6th time, so I think it's a matter of time before it goes down. The slow guppy moving averages doesn't seem to be supporting the price well. That's why I posted the chart before, which seems the most probable scenario for me.
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  • #379,378
  • May 28, 2014 3:39am May 28, 2014 3:39am
Quoting carlicus
personally i find it difficult for cable to stop in the middle of nowhere ...it will be more logical to wait for the base of the channel currently it seems to have a lot of momentum to the downside {image}
i see what you mean ,6733 could be a double bottom area then it has a significant reason to stop. But i would like to see it fall 1660 area
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  • #379,379
  • May 28, 2014 3:42am May 28, 2014 3:42am
Quoting RussJ
{quote} 2 people thinking exactly the same is no coincidence,.... market fractals and if you can read it correctly then you can profit from it... we both clearly read the market exactly the same

Agree
  • #379,380
  • May 28, 2014 3:42am May 28, 2014 3:42am
Pause ..... bounce ..... reload....
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