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Cable Update (GBPUSD)

  • #379,861
  • May 30, 2014 2:55am May 30, 2014 2:55am
Quoting fontu
The initial signal for correction or reversal intact with pressure to down to the initial bear targets also, weekend movements slows down or more time pass here & if ew analysis of limit up for down 6782 broken then then further correction up likely, otherwise price continue stay down clearing doubts about weekly & monthly break through candle for down for greater intention for correction down. lets see what last till the end today . anyway care in all directions . same thing with eu & gold also but targets down still keeping intact . fontu {image}...
Given your EW count I'd be watching to the down side, that is a big wave coming.

Thank you
  • #379,862
  • May 30, 2014 2:59am May 30, 2014 2:59am
Quoting champoooy
{quote} looks like it broke 1.6740 and gonna break the "line chart" resistance at 1.6750. Once it breaks it, it's a reversal for 4H chart that could reach up to 1.6830 levels The best move now is to square since it's friday.

1.6830????? 1.6640 we will see off 1.6767..news pop us up then short!!!
  • #379,863
  • May 30, 2014 3:00am May 30, 2014 3:00am
Quoting champoooy
{quote} looks like it broke 1.6740 and gonna break the "line chart" resistance at 1.6750. Once it breaks it, it's a reversal for 4H chart that could reach up to 1.6830 levels The best move now is to square since it's friday.
It needs to break 1.6786 for short term intraday change of trend and I see 1.6767/69 shorting the pants off it but that's me
  • #379,864
  • May 30, 2014 3:02am May 30, 2014 3:02am
Quoting fontu
The initial signal for correction or reversal intact with pressure to down to the initial bear targets also, weekend movements slows down or more time pass here & if ew analysis of limit up for down 6782 broken then then further correction up likely, otherwise price continue stay down clearing doubts about weekly & monthly break through candle for down for greater intention for correction down. break down 6738 + 20 will give initial signal up failure now to down the target . lets see what last till the end today . anyway care in all directions ....
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i have a sell order 6780 look like a lot of support ema wise and for me cross over red on top 20 ema, and the 10 ema white look like it is going to cross yellow 50, this might be Jimmys big down he just posted ,,gl
  • #379,865
  • May 30, 2014 3:04am May 30, 2014 3:04am
Quoting RussJ
{quote} I'm long at 167.0 from yesterday.... scaled at 1.6740 and re loaded the long it at lows 1.6705 targeting 1.6767 just added/reloaded a sneaky one with low risk at 1.6735 just above the weekly pivot!! scalping it up same as you!!!! but closing all these longs around 1.6765/69 then short
nice plan i like the numbers gl E
  • #379,866
  • May 30, 2014 3:04am May 30, 2014 3:04am
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  • #379,867
  • May 30, 2014 3:06am May 30, 2014 3:06am
Quoting champoooy
{quote} looks like it broke 1.6740 and gonna break the "line chart" resistance at 1.6750. Once it breaks it, it's a reversal for 4H chart that could reach up to 1.6830 levels The best move now is to square since it's friday.
I've also seen fontu's ew count and if its valid, I would leave this thing alone till it shows signs of weakness and then short it. Then we can look for strength again
  • #379,868
  • May 30, 2014 3:06am May 30, 2014 3:06am
Trying short 6750, target 6500
  • #379,869
  • May 30, 2014 3:07am May 30, 2014 3:07am
Quoting elbert3
{quote} nice plan i like the numbers gl E
thanks
  • #379,870
  • May 30, 2014 3:10am May 30, 2014 3:10am
Quoting JimmyC
{quote} Given your EW count I'd be watching to the down side, that is a big wave coming. Thank you
Ok , may be you are thinking of another crush , below 6782 to direct, now better & good or very smooth weekend ,
.
Signal eu breaks down 3586 , gold 1251 or gu 6720 or 6692 , any one may do for all!! Among them gu is most crazy , so will watch it only.
lets see.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #379,871
  • May 30, 2014 3:10am May 30, 2014 3:10am
Quoting elbert3
Trying short 6750, target 6500
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AS ABOVE
  • #379,872
  • May 30, 2014 3:14am May 30, 2014 3:14am
any body uscad short .. i dont trade it but chanced a short last night on the day chart, would value an opinion
  • #379,873
  • May 30, 2014 3:16am May 30, 2014 3:16am
Quoting fontu
{quote} Ok , may be you are thinking of another crush , below 6782 to direct, now better & good or very smooth weekend , . Signal eu breaks down 3586 , gold 1251 or gu 6720 or 6692 , any one may do for all!! lets see. fontu
We seem to watch the same move, gold must break 1250 or its bullish perhaps I still hold for 1226
  • #379,874
  • May 30, 2014 3:22am May 30, 2014 3:22am
Quoting elbert3
any body uscad short .. i dont trade it but chanced a short last night on the day chart, would value an opinion
its long I will tell you were too now.. hit middle of the support on monthyl
  • #379,875
  • May 30, 2014 3:22am May 30, 2014 3:22am
Quoting elbert3
Trying short 6750, target 6500

Gidday Elbert

In the same trade

got a few shorts under water also

better go down soon

Sort of hedged long in other pairs
  • #379,876
  • May 30, 2014 3:25am May 30, 2014 3:25am
Quoting elbert3
any body uscad short .. i dont trade it but chanced a short last night on the day chart, would value an opinion


Come off aggressive off first level resistance at 47.. now trying to form a double bottom and will come under pressure under hourly chart at 36/40 but I would try shorting for lower lows on swing at 108.86 middle of the resistance
  • #379,877
  • May 30, 2014 3:29am May 30, 2014 3:29am
Quoting JimmyC
{quote} We seem to watch the same move, gold must break 1250 or its bullish perhaps I still hold for 1226
hi Jim i took the 2 off at 51 and tried long at 54 target 1268 ??but it looks to be going to 37 i have sl on 49 i might short it again at 49 ,, close gbcad last night to 811 looks like that might of been to early ?? but good profit so no complaints ,, could be a good break out short usdcad and jy ?? i have a board meeting today end off month so i will miss the action , i will have the phone under the table ..lol gl today R.s B
  • #379,878
  • May 30, 2014 3:29am May 30, 2014 3:29am
Quoting elbert3
any body uscad short .. i dont trade it but chanced a short last night on the day chart, would value an opinion
I'll put it in my journal you can look there
  • #379,879
  • May 30, 2014 3:30am May 30, 2014 3:30am
Quoting elbert3
any body uscad short .. i dont trade it but chanced a short last night on the day chart, would value an opinion

if I gets up too 86 area though.. it would invalidate the 1 hour head and shoulders formation so it could try and go at 10858.. although much more comfortable shorting it at 10920 shorting it for swing lower lows
  • #379,880
  • May 30, 2014 3:30am May 30, 2014 3:30am
1.67 Area should be tested again.
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