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Cable Update (GBPUSD)

  • #380,021
  • Jun 2, 2014 9:51am Jun 2, 2014 9:51am
Quoting OnlineAddict
{quote} You might get a good entry price for long 10-30 minutes before tomorrow's Construction PMI. If it keeps falling before the news, I will long it, too. Might be this week's low then.

If we don't get down close to 167and we go up then it cold be all over at 16840 and then we back fill and there wil be pressure then for lower lows, hence why I hope we get down there now overnight... or tomorrow and finish the day tomorrow at around 1.6808/12 would be great
  • #380,022
  • Jun 2, 2014 10:51am Jun 2, 2014 10:51am
Today cable is in zero gravity, neither up nor down, floating in the void
  • #380,023
  • Edited 12:02pm Jun 2, 2014 11:49am | Edited 12:02pm
Finally it moved a bit down, but not much. I've received some free information from elliot wave international (i'm not currently subscribed), with the following chart:

https://ci5.googleusercontent.com/pr...p102_05_26.gif

They expect the pair to drop to at least to 1.6707 soon. In their own words:

Quote
Prices are dropping in a third wave lower. Our forecast defines the ideal downside target at 1.6707. This would create a 1.618 relationship in length between waves (3) and (1). This is a minimal expectation as third of third waves down can lead to the most powerful declines. Lower important intraday resistance to 1.6882. It would take a break above there to add caution to the bearish stance taken against the 1.6920 top.
  • #380,024
  • Jun 2, 2014 1:43pm Jun 2, 2014 1:43pm
Quoting DerekTrotter
{quote} When u say they are coming down are we both on the same page here hombre or are you infront of the que yet again .. how u seem to do it i just dont know ..
i keep telling all its emas, why do you think i kept a short when it was £££ you know the amount,? red 20 ema on the weekly chart my dear chap .. lol
  • #380,025
  • Jun 2, 2014 1:49pm Jun 2, 2014 1:49pm
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 104 KB
double bottom confirmed support or breakout to 55 ?? 75% breakout 55
  • #380,026
  • Jun 2, 2014 1:58pm Jun 2, 2014 1:58pm
6745 ad short target 6691
  • #380,027
  • Jun 2, 2014 2:29pm Jun 2, 2014 2:29pm
Quoting Carlicus
Finally it moved a bit down, but not much. I've received some free information from elliot wave international (i'm not currently subscribed), with the following chart: {image} They expect the pair to drop to at least to 1.6707 soon. In their own words: {quote}
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 115 KB
if you try draw up a chart ,support on the left could get that figure ??
  • #380,028
  • Jun 2, 2014 2:33pm Jun 2, 2014 2:33pm
Quoting elbert3
{quote} {image} if you try draw up a chart ,support on the left could get that figure ??
Hi Elbert Your chart starts on May 29, and the chart from EWI (Elliott wave international) ends on May 27, so there's a missing day in the middle
  • #380,029
  • Jun 2, 2014 2:58pm Jun 2, 2014 2:58pm
Howzit GU

GU Daily

Technical uptrend remains in place but contentiously there is reference to this malformed rising wedge, if nothing else brake in trend with ST correction.
If the diamond plays out it does confirm an ST top is in place and would continue to favour the bears.

Still a long way to the 200sma and 3 known supports must still break, I remain with the bears for now.

Caution the ATR is dropping to levels that usually proceed correction, trade with caution on the long side, respect your stops
Attached Image
  • #380,030
  • Jun 2, 2014 3:14pm Jun 2, 2014 3:14pm
Quoting Carlicus
{quote} Hi Elbert Your chart starts on May 29, and the chart from EWI (Elliott wave international) ends on May 27, so there's a missing day in the middle
Hi, sorry where would you like to see the chart start from,, i have not hid any ??lol i dont do waves only multiple tls and fib emas ..regards E
  • #380,031
  • Jun 2, 2014 3:17pm Jun 2, 2014 3:17pm
Quoting Carlicus
{quote} Hi Elbert Your chart starts on May 29, and the chart from EWI (Elliott wave international) ends on May 27, so there's a missing day in the middle
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 118 KB
thats the best i can do sir Regards E
  • #380,032
  • Jun 2, 2014 4:03pm Jun 2, 2014 4:03pm
Little undecided at top with pressure down but range ( weekly & monthly too>up ) can be increased , no much smooth , no clear signal yet ! limit up is 6659 & for down 6782 & 6812 > must beak one side in due time .
eu remain for down apparently for 3460\3535. gold 1237 -09 risk before jump for 1267 limit up for down further .
lets see.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 39 KB
Click to Enlarge Name: gbpusddaily.png Size: 36 KB
Click to Enlarge Name: gbpusdweekly.png Size: 31 KB
Click to Enlarge Name: gbpusdmonthly.png Size: 25 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #380,033
  • Jun 2, 2014 4:16pm Jun 2, 2014 4:16pm
Quoting elbert3
{quote} Hi, sorry where would you like to see the chart start from,, i have not hid any ??lol i dont do waves only multiple tls and fib emas ..regards E
Elbert, I'm really sorry, I didn't mean to say that you should post a chart starting earlier

I was indeed doing my best answering to this question:

Quoting elbert3
if you try draw up a chart ,support on the left could get that figure ??
But I'm sorry, it is clear that I did not understand it Sometimes I have trouble understanding your messages because your sentences are very concise, and I'm not a native speaker, I feel like some words are missing (but I understand your charts at least)

Could you rephrase your question for me?
  • #380,034
  • Jun 2, 2014 4:51pm Jun 2, 2014 4:51pm
Quoting Carlicus
{quote} Elbert, I'm really sorry, I didn't mean to say that you should post a chart starting earlier I was indeed doing my best answering to this question: {quote} But I'm sorry, it is clear that I did not understand it Sometimes I have trouble understanding your messages because your sentences are very concise, and I'm not a native speaker, I feel like some words are missing (but I understand your charts at least) Could you rephrase your question for me?
lol thats no problem my friend you carry on i am ok with your post, i know you are a good man,i am sorry i don't speak your language , regardsE
  • #380,035
  • Jun 2, 2014 5:03pm Jun 2, 2014 5:03pm
Quoting fontu
Little undecided at top with pressure down but range ( weekly & monthly too>up ) can be increased , no much smooth , no clear signal yet ! limit up is 6659 & for down 6782 & 6812 > must beak one side in due time . eu remain for down apparently for 3460\3535. gold 1237 -09 risk before jump for 1267 limit up for down further . lets see. fontu {image} {image} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 112 KB
I Think we are seeing the same, i wanr to see break out short , and gold i had 1237 targeted weeks ago and have gone long to 1267 target, see gold post thread
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 100 KB
target 10 ema,
Attached Image (click to enlarge)
Click to Enlarge Name: eur.png Size: 105 KB
thats it good night guys and may your trade sleep with you lol E
  • #380,036
  • Jun 2, 2014 5:18pm Jun 2, 2014 5:18pm
Quoting elbert3
{quote} lol thats no problem my friend you carry on i am ok with your post, i know you are a good man,i am sorry i don't speak your language , regardsE
I figure tomorrow Billy, I'm going to try a big bottle of red wine so I'm on the same page with you. lol

Have a great night buddy.
Ghost Rider - WWTBMD?
  • #380,037
  • Jun 3, 2014 12:37am Jun 3, 2014 12:37am
Quoting albchr
{quote} I figure tomorrow Billy, I'm going to try a big bottle of red wine so I'm on the same page with you. lol Have a great night buddy.
lol Chris i dont know if that is good or bad idea ?????? regards Billy
  • #380,038
  • Jun 3, 2014 12:37am Jun 3, 2014 12:37am
European opening calls:


$FTSE 6855 down 9
$DAX 9952 up 2
$CAC 4515 down 1
$IBEX 10830 up 3
$MIB 21780 down 16

Note GBP PMI
Beware of event risks today ADP - Payroll
  • #380,039
  • Jun 3, 2014 12:40am Jun 3, 2014 12:40am
Quoting elbert3
{quote} lol Chris i dont know if that is good or bad idea ?????? regards Billy
Talking of good ideas - off down soho for the day.. well some people like to go to the zoo, some like people watching and others well - anyways have a great day all and one and hey not too much silence today otherwise E will be charting all over the place .. now i did not say that was a bad thing .. today is party day again ..
  • #380,040
  • Jun 3, 2014 12:42am Jun 3, 2014 12:42am
Attached Image (click to enlarge)
Click to Enlarge Name: gbcad.png Size: 105 KB
interesting could be good breakout,, but then looks like good resistance ?? 18245 short sl 50 look to break out on the day
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