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Cable Update (GBPUSD)

  • #385,401
  • Jul 3, 2014 7:32am Jul 3, 2014 7:32am
Quoting Ill-b-back
{quote} I think we are targeting the 50 fib within this channel {image} {image}
your channel too narrow. draw a channel on daily and then have a look, you will see that your small channel is within the big daily channel
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,402
  • Jul 3, 2014 7:32am Jul 3, 2014 7:32am
Quoting xau
{quote} If not now (0.5 year perspective), then maybe in next 10 years we won't see this level... {image}
my friend why not 3.000 have a rest a little bit
  • #385,403
  • Jul 3, 2014 7:33am Jul 3, 2014 7:33am
7150 shorted just now target 7070 as long as 717ish not breached
  • #385,404
  • Jul 3, 2014 7:35am Jul 3, 2014 7:35am
done fighting this bullish trend im long for the longhaul now...
  • #385,405
  • Jul 3, 2014 7:36am Jul 3, 2014 7:36am
Quoting xau
{quote} If not now (0.5 year perspective), then maybe in next 10 years we won't see this level... {image}
hang on there, it wont see 1.75, let alone 1.78
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,406
  • Jul 3, 2014 7:36am Jul 3, 2014 7:36am
Quoting reclude82
{quote} hanging man candle on d1 tf so far, will see what does it mean, perhaps nothing
agree with you, but the candle alone is difficult to be trusted, it happened too many times in these past days. i believe, the bulls need much fuels to pass 7184
  • #385,407
  • Jul 3, 2014 7:37am Jul 3, 2014 7:37am
Quoting ffleo
{quote} your channel too narrow. draw a channel on daily and then have a look, you will see that your small channel is within the big daily channel


I'm off to bed to let the dust settle
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 25 KB
Come with me if you want to live....
  • #385,408
  • Jul 3, 2014 7:38am Jul 3, 2014 7:38am
[quote=Sants;7580340]{quote} agree with you, but the candle alone is difficult to be trusted, it happened too many times in these past days. i believe, the bulls need much fuels to pass 7184[/quote]
that is 1.618 retracement extension of last daily down swing.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,409
  • Jul 3, 2014 7:40am Jul 3, 2014 7:40am
Quoting thegmann
done fighting this bullish trend im long for the longhaul now...
yeah you just longed near the top of the daily channel and around the 1.618 fib level. You longed at resistance, for the long haul.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,410
  • Jul 3, 2014 7:45am Jul 3, 2014 7:45am
Attached Image (click to enlarge)
Click to Enlarge Name: 1h.png Size: 102 KB
we need to break through the emas to 707 if not it looks long again???
  • #385,411
  • Jul 3, 2014 7:47am Jul 3, 2014 7:47am
Quoting ffleo
{quote} agree with you, but the candle alone is difficult to be trusted, it happened too many times in these past days. i believe, the bulls need much fuels to pass 7184 that is 1.618 retracement extension of last daily down swing.
beside, i notice 7184 as the market offering in des 2005-feb 2006 to bear all the way before down in 2008 crisis. retracement from 2007 high and 2008 low comes with 50 fib at 1.7330 as mentioned before needs looks like tons of buyers to be reach
  • #385,412
  • Jul 3, 2014 7:47am Jul 3, 2014 7:47am
Attached Image (click to enlarge)
Click to Enlarge Name: 15.png Size: 95 KB
same on the 15 break the emas on this one cross over has taken place means higher move
  • #385,413
  • Jul 3, 2014 7:49am Jul 3, 2014 7:49am
Quoting Darkforce
Week A
30th Apr ADP Act 220K Exp 203K
2nd May NFP Act 288K Exp 216K

Week B
2nd Jul ADP Act 281K Exp 207K
3rd Jul NFP Act ????? Exp 214K {image} Now we have the pre-NFP rump up, are we going to have another touch down tomorrow? I have 1.7042 the last post-crisis high in mind, and can't stop think the price will go back to it soon for a re-test at least.
Week A
30th Apr ADP Act 220K Exp 203K
2nd May NFP Act 288K Exp 216K

Week B
2nd Jul ADP Act 281K Exp 207K
3rd Jul NFP Act 288K Exp 214K

Data and chart pattern both simillar, wondering if that means we've hit daily low and will have another rump up?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfxfdaily.png Size: 44 KB
  • #385,414
  • Jul 3, 2014 7:50am Jul 3, 2014 7:50am
Quoting Ill-b-back
{quote} I'm off to bed to let the dust settle {image}
Definitely, now that it's 12.48am here

1.618 ext

50 fib retrace

Broken monthly TL retest.

Strong historical support/resistance pre crisis

Good place to short I think
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 27 KB
Come with me if you want to live....
  • #385,415
  • Jul 3, 2014 7:53am Jul 3, 2014 7:53am
Well, there was no such 3.000 level in history price, so can't say, seriously - we are above 2009 year high, range in pre-crisis period was where? - 1.70/1.9 with top at 2.1x, so why not? if we get housing boom bubble burst we will be in another position, tho i don't see any actions from BoE about that. From 2001 to 2007 we had 334 weeks uptrend, now we are only 50, but that's all history, i can't say where we gonna be in next half year in given situation, coz it's all fundamentally different. Technically - show me reversal on weekly, daily tfs.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_weekly_2014_07_03.JPG Size: 228 KB
  • #385,416
  • Jul 3, 2014 7:55am Jul 3, 2014 7:55am
Quoting elbert3
{image} same on the 15 break the emas on this one cross over has taken place means higher move
Took some losses, Flat now.
Intraday only.
  • #385,417
  • Jul 3, 2014 7:57am Jul 3, 2014 7:57am
Updated chart.

http://www.forexfactory.com/showthre...62#post7498062

Quoting ffleo
{quote} your channel too narrow. draw a channel on daily and then have a look, you will see that your small channel is within the big daily channel
Both channels are valid.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 29 KB
Click to Enlarge Name: attachment.png Size: 28 KB
  • #385,418
  • Jul 3, 2014 7:59am Jul 3, 2014 7:59am
looks like my broker is the king of LMAO
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
  • #385,419
  • Jul 3, 2014 8:00am Jul 3, 2014 8:00am
Quoting Sants
{quote} beside, i notice 7184 as the market offering in des 2005-feb 2006 to bear all the way before down in 2008 crisis. retracement from 2007 high and 2008 low comes with 50 fib at 1.7330 as mentioned before needs looks like tons of buyers to be reach
what if 50% fib cannot be reached?
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #385,420
  • Jul 3, 2014 8:08am Jul 3, 2014 8:08am
Quoting navk
{quote} Took some losses, Flat now.
i had a great result but not celebrating because i think my posting buddy got taken out,,so kept stum 10 shorts pp out at 110 and back in 19 and 29 and just 147 1lot
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