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Cable Update (GBPUSD)

  • #388,081
  • Jul 20, 2014 5:29am Jul 20, 2014 5:29am
Quoting SpotPip
GBPUSD is ready for 1.73 - Are you? {image}
On one hand the chart trend looks promising, but on the other it has to end someday... Anyone have an opinion as to when that will be?
  • #388,082
  • Jul 20, 2014 7:15am Jul 20, 2014 7:15am
A new daily fakey buy setup is under developing again, confirmation is if price could close into the first IB.
Price was rejected by the broken ~7054 resistance, created an pinbar.
We are in a correction of strong bullish trend so there is good chance to touch ~7256 resistance maybe on the next week and i hope it can not close under ~7038...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmicrodaily.png Size: 40 KB
Anything is math!
  • #388,083
  • Jul 20, 2014 10:41am Jul 20, 2014 10:41am
Quoting Kajos2250
A new daily fakey buy setup is under developing again, confirmation is if price could close into the first IB. Price was rejected by the broken ~7054 resistance, created an pinbar. We are in a correction of strong bullish trend so there is good chance to touch ~7256 resistance maybe on the next week and i hope it can not close under ~7038... {image}
It may touch 1.7017 (and 1.7008)............depends on 1.7166
  • #388,084
  • Jul 20, 2014 1:46pm Jul 20, 2014 1:46pm
Quoting sandy-pip
{quote} On one hand the chart trend looks promising, but on the other it has to end someday... Anyone have an opinion as to when that will be?
It would touch 1.73 zone.. than down again.. with a chance of breaking the trend-line than..
SpotPip - we SPOT, you PIP
  • #388,085
  • Edited 10:48pm Jul 20, 2014 2:18pm | Edited 10:48pm
First Down to 1.706xx, Then up to 1.71300, Then down to 1.7494, Then UP to 1.7188x
A good trader follows his rules, but great trader knows when to break them
  • #388,086
  • Jul 20, 2014 2:27pm Jul 20, 2014 2:27pm
Quoting ill_be_back
First Down to 1.706xx, Then up to 1.713xx, Then down a little & up again to 1.718xx
Same numbers in my view.
Everyone can see the chart, but only a few can actually read it.
  • #388,087
  • Jul 20, 2014 2:30pm Jul 20, 2014 2:30pm
Quoting OnlineAddict
{quote} Same numbers in my view.
Lets see what happens
A good trader follows his rules, but great trader knows when to break them
  • #388,088
  • Jul 20, 2014 2:31pm Jul 20, 2014 2:31pm
Quoting ill_be_back
First Down to 1.706xx, Then up to 1.713xx, Then down a little & up again to 1.718xx
IMO first down to 1.7030-1.6990, then it will touch atleast 1.7250. lets see what happens next!

Yudi
  • #388,089
  • Jul 20, 2014 2:37pm Jul 20, 2014 2:37pm
Quoting Yudi1354
{quote} IMO first down to 1.7030-1.6990, then it will touch atleast 1.7250. lets see what happens next! Yudi

If it goes according to my sequence, then up move will END @ 1.718xx
A good trader follows his rules, but great trader knows when to break them
  • #388,090
  • Jul 20, 2014 2:47pm Jul 20, 2014 2:47pm
Quoting cspip
{quote} It may touch 1.7017 (and 1.7008)............depends on 1.7166
The touch is OK, just does not stay there
Anything is math!
  • #388,091
  • Jul 20, 2014 2:49pm Jul 20, 2014 2:49pm
My take :

1.7100 then sell off to 1.7000 for today.
Intraday only.
  • #388,092
  • Jul 20, 2014 2:59pm Jul 20, 2014 2:59pm
This is probally going straight up since everyone is expecting down. its fooling around with us.
  • #388,093
  • Jul 20, 2014 3:20pm Jul 20, 2014 3:20pm
I am seeing this on weekly chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.png Size: 25 KB
  • #388,094
  • Jul 20, 2014 3:46pm Jul 20, 2014 3:46pm
won't be trading 1st half of the week. Will be at the beach. So hope you guys gave a great week.

I am more of an intraday trader and I let my triggers show me when and how, but here are the two scenarios I see playing out this week.

As always PA dictates entries
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-07-20_GU_001.png Size: 132 KB
  • #388,095
  • Jul 20, 2014 3:47pm Jul 20, 2014 3:47pm
Longer Term GU
Attached Image (click to enlarge)
Click to Enlarge Name: GU_weekly_001.png Size: 23 KB
  • #388,096
  • Jul 20, 2014 3:50pm Jul 20, 2014 3:50pm
EU scenarios...

near and longer term.

Go steal some pips from the big boys fellas!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2014-07-20_EU_Daily_Short.png Size: 40 KB
Click to Enlarge Name: 2014-07-20_EU_Long.png Size: 44 KB
Click to Enlarge Name: 2014-07-20_EU_weekly.png Size: 38 KB
  • #388,097
  • Jul 20, 2014 3:51pm Jul 20, 2014 3:51pm
Quoting fxbadger
I am seeing this on weekly chart {image}
Great find, D1 in reference to W1 needs a lot of patience,

but Patience is the Key to success. !!
How to opt out annoying user signatures ??
  • #388,098
  • Jul 20, 2014 3:52pm Jul 20, 2014 3:52pm
Tough sanctions on Russia will most likely effect gas supply to EZ
In short term 1week-3weeks I anticipate Bear EU and GU
It will be interesting to see how markets react to latest Ukraine crises
From my daily chart RSI pointing below 50 and price is about to break 34EMA wave
Notice RSI below 50 suggest significant corrections.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.Daily.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #388,099
  • Jul 20, 2014 4:00pm Jul 20, 2014 4:00pm
Quoting OnlineAddict
{quote} Same numbers in my view.
Orrrrr........1.7017.....1.7008........up 1.7070.........then down again........1.6976......1.6888......then back to 1.7192......and higher 1.7230......1.7158.....1.7303....
  • #388,100
  • Jul 20, 2014 4:08pm Jul 20, 2014 4:08pm
Quoting ill_be_back
First Down to 1.706xx, Then up to 1.713xx, Then down a little & up again to 1.718xx
1.706xx Done, Now to 1.713xx
A good trader follows his rules, but great trader knows when to break them
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