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Cable Update (GBPUSD)

  • #379,401
  • May 28, 2014 4:51am May 28, 2014 4:51am
Quoting Fx_Anil
{quote} Good Analysis, after the failure to break 1.6760, i thing a reversal from 1.6772 can lead it towards 1.6790 again.

Hoping although not out of the woods yet.. the 15 minute stochastic is nearly done and not made higher high, hate it when it triangles and ranges tight!!!

If breaks then we go down too 1.6725 area for end of day and week will prob finish then towards 1.6660/40 but am hopeful we can get too 1.6835 today maybe and finish the move tomorrow in Asia say 1.6845/48
  • #379,402
  • May 28, 2014 4:52am May 28, 2014 4:52am
Quoting dswk
take it easy {image}
or another view H4 :
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-alpari-uk-ltd.png Size: 39 KB
  • #379,403
  • May 28, 2014 4:52am May 28, 2014 4:52am
Quoting Carlicus
{quote} 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. {image}
I never disregard alternative opinions. What I will add to your observation is that on the daily, PA has rested upon the last of the slow MAs of the Guppy profile, and that Cable has a nasty habit of using this as support. As we have seen, the trend is currently up, and all attempts to reverse it have failed.

Looking at the FXCM Dollar, PA has pushed through the descending Guppy profile, and is currently tapping on the roof of the 123.6 FE. If this holds, and PA follows the logical pattern of returning back to the point of breakthrough - the last of the slow MAs of the Guppy profile, ina 1, 2, 3 play - then I would expect Cable to have a little push back north.

Cable daily:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 70 KB

FXCM Dollar daily:
Attached Image (click to enlarge)
Click to Enlarge Name: usdollardaily.png Size: 64 KB
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #379,404
  • May 28, 2014 4:55am May 28, 2014 4:55am
Quoting RussJ
{quote} Hoping although not out of the woods yet.. the 15 minute stochastic is nearly done and not made higher high, hate it when it triangles and ranges tight!!! If breaks then we go down too 1.6725 area for end of day and week will prob finish then towards 1.6660/40 but am hopeful we can get too 1.6835 today maybe and finish the move tomorrow in Asia say 1.6845/48
it won't see 1680 now i dont think, price was in and out to many times it will be resistance now ,,,i hope lol
  • #379,405
  • May 28, 2014 5:11am May 28, 2014 5:11am
lets see if this little flag situation works out ,done the maths but it is only a small inverted flag, so
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 102 KB
  • #379,406
  • May 28, 2014 5:14am May 28, 2014 5:14am
Quoting 45Condor
{quote} I never disregard alternative opinions. What I will add to your observation is that on the daily, PA has rested upon the last of the slow MAs of the Guppy profile, and that Cable has a nasty habit of using this as support. As we have seen, the trend is currently up, and all attempts to reverse it have failed. Looking at the FXCM Dollar, PA has pushed through the descending Guppy profile, and is currently tapping on the roof of the 123.6 FE. If this holds, and PA follows the logical pattern of returning back to the point of breakthrough -...

Hi condor!

Thanks for your constructive comments on my analysis, I really appreciate them You are right, the trend is still up until a lower low appears, and the Guppy profile is proving tough as hell, but since I usually got out of the trade earlier than I should, and this month I've had nice profits, I'm letting the profits run for the moment. As of now, the current support at 1.676x is being tested for the 3rd time this morning.

Are you short or long? Or waiting for an entry?
  • #379,407
  • May 28, 2014 5:23am May 28, 2014 5:23am
Quoting elbert3
{quote} lol good morning,, just having a tea break same as gb. then off we go again i want to get in that 749 trade
tea break over
  • #379,408
  • May 28, 2014 5:28am May 28, 2014 5:28am
Quoting Lamira
Moved sl in profit at 1.67764 cause wanna sleep now watch it will go up,hit it, than go down lower than 1.673 ....like a douche bag ....while im sleeping
moved sl 100 more down cause didnt fall asleep yet
  • #379,409
  • May 28, 2014 5:32am May 28, 2014 5:32am
Attached Image (click to enlarge)
Click to Enlarge Name: week4.png Size: 102 KB

that move was a little premature for my liking 6750 is a big number so lets see, on the week price is coming through the 10 ema, 733 is a bounce and double bottom number,break there we will be out of the 4 hour trend pattern,,,so not easy at this time as there are a lot of permutations for s/r ares
  • #379,410
  • May 28, 2014 5:34am May 28, 2014 5:34am
Quoting Lamira
{quote} did you mean "support" O_o ?
oops yes
Read the entire market, money is made on the main trend not the fluctuation
  • #379,411
  • May 28, 2014 5:35am May 28, 2014 5:35am
Looking at all those top weekly wicks, this baby could go all the way
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 38 KB
Click to Enlarge Name: gbpusdweekly1.png Size: 30 KB
Come with me if you want to live....
  • #379,412
  • May 28, 2014 5:36am May 28, 2014 5:36am
Quoting Carlicus
{quote} Hi condor! Thanks for your constructive comments on my analysis, I really appreciate them You are right, the trend is still up until a lower low appears, and the Guppy profile is proving tough as hell, but since I usually got out of the trade earlier than I should, and this month I've had nice profits, I'm letting the profits run for the moment. As of now, the current support at 1.676x is being tested for the 3rd time this morning. Are you short or long? Or waiting for an entry?

Hi Carlicus,

Currently sitting on my hands - missed yesterday's drop on Cable, and so dropping lots of coffee down my throat instead.

I want to see where PA for Cable and the Dollar position themselves on Thursday - prior to the news out of the US. (News seemingly always being used by big money to show its hand.)

I note the correlation - somewhat - of Cable and the Euro - but the elections may well have thrown a spanner in the works.

And that's about it from my end... here in sunny France (I'm English), whilst I sit in the garden and wonder if I can muster up the energy to give the grass a little cut.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #379,413
  • May 28, 2014 5:38am May 28, 2014 5:38am
Quoting Ill-b-back
Looking at all those top weekly wicks, this baby could go all the way {image} {image}
this is the problem with trading u just never realise how good a position is till its at the other end, offcoure im rather hoping for a close this year end where it opened..
  • #379,414
  • May 28, 2014 5:39am May 28, 2014 5:39am
market is still long gbp/usd and huge sell orders are waiting at 6750 area for a big hammering down again. before that it climbs somewhat in correlation to the euro.
  • #379,415
  • May 28, 2014 5:40am May 28, 2014 5:40am
Quoting Kofmaster
{quote} oops yes
actually ...now its slowly turning into resistance .... you might been typing it from future
  • #379,416
  • May 28, 2014 5:42am May 28, 2014 5:42am
Quoting Ill-b-back
Looking at all those top weekly wicks, this baby could go all the way {image} {image}
I like your large timeframe analysis
Read the entire market, money is made on the main trend not the fluctuation
  • #379,417
  • May 28, 2014 5:44am May 28, 2014 5:44am
Quoting Lamira
{quote} actually ...now its slowly turning into resistance .... you might been typing it from future
For something to turn to resistance, you need to get away from it very far and come back. Thats is what i called resistance.
Daily is still sticking to this "Resistance" you never know
Read the entire market, money is made on the main trend not the fluctuation
  • #379,418
  • May 28, 2014 5:46am May 28, 2014 5:46am
Quoting Kofmaster
{quote} For something to turn to resistance, you need to get away from it very far and come back. Thats is what i called resistance. Daily is still sticking to this "Resistance" you never know
yep. Its time to shut my head on pillow. Will know when will wake up
  • #379,419
  • May 28, 2014 5:46am May 28, 2014 5:46am
Quoting 45Condor
{quote} Hi Carlicus, Currently sitting on my hands - missed yesterday's drop on Cable, and so dropping lots of coffee down my throat instead. I want to see where PA for Cable and the Dollar position themselves on Thursday - prior to the news out of the US. (News seemingly always being used by big money to show its hand.) I note the correlation - somewhat - of Cable and the Euro - but the elections may well have thrown a spanner in the works. And that's about it from my end... here in sunny France (I'm English), whilst I sit in the garden and wonder...
you have been cutting that grass last week when i was in france .lol go cut it lol
  • #379,420
  • May 28, 2014 5:48am May 28, 2014 5:48am
Quoting Ill-b-back
Looking at all those top weekly wicks, this baby could go all the way {image} {image}
let's hope so ,
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