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Cable Update (GBPUSD)

  • #389,781
  • Jul 29, 2014 4:26pm Jul 29, 2014 4:26pm
Quoting GlobalMacro
... {image}
I will go with this
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #389,782
  • Jul 29, 2014 4:56pm Jul 29, 2014 4:56pm
Looks like a good sell zone above to me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 29 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 26 KB
Come with me if you want to live....
  • #389,783
  • Jul 29, 2014 5:03pm Jul 29, 2014 5:03pm
Keeping it plain and simple
Attached Image (click to enlarge)
Click to Enlarge Name: GUD.png Size: 104 KB
To live a successful life, we must lose our fear of being wrong
  • #389,784
  • Jul 29, 2014 5:08pm Jul 29, 2014 5:08pm
Quoting GlobalMacro
... {image}
May be , not knew how this probability calculated but one thing may know , the more it down around 1.6000 ( 50% fib mofu & 1.6300 as around 38.2% fib minimum) the more it can bull next /try top & up before all bull or big failure at the same time at top or so.In other word , the more it mofu/extend up at this top towards 1.74 + , the more it should down next too or chances breakdown or failure big towards 1.55. 1.6643 can be decision making next & so best target around( not think so simple & direct though ) .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #389,785
  • Edited 5:25pm Jul 29, 2014 5:15pm | Edited 5:25pm
Quoting GlobalMacro
{quote} Will do. Thanks for granting permission to post, "Qu|cksilver" Do you have narrower boundaries you can post probabilities for the next 72 hrs?
no I don't have a stochastic analysis as detailed as yours. I appreciate your efforts to explain the markets and your contributions to this thread. I don't know where GBPUSD is headed to but I take anything above 16918 as within the LT uptrend channel. A breakout of that level indicates a major bearish move to me. I will try to be prepared for both scenarios. I would give an arbitrary 60% chance to the uptrend and 40% to the downtrend. I expect further downside with the Asian session.
  • #389,786
  • Edited 6:14pm Jul 29, 2014 6:02pm | Edited 6:14pm
GBP/USD
Update

I remain Short

Please see previous post, dated, Sunday, July 27, 2014 @ 5:56pm eastern
http://www.forexfactory.com/showthre...85#post7633885 - Likelihood Of More Sanctions Against Russia


Here is part of the post:


Thankfully The Likely Tension between Russia and the US with a final deal being expected to be reached by EU on Tuesday, July 29, 2014 as to whether more sanctions will be placed on Russia, will weigh heavily on GBP/USD

Tuesday, July 29, 2014 will be added confirmation if more sanctions are placed on Russia to hold short


We now have added confirmation

FACT #1
More Sanctions by the EU and US have been placed on Russia (TODAY) Tuesday, July 29, 2014
Even Canada has planned for more sanctions to be placed on Russia

FACT#2
1.6800 -option expiry- for tomorrow, Wednesday, July 30, 2014


I only trade FACTS


I remain SHORT

1.6850 - A hick up spot, where a bounce or consolidation may occur on the way down.
1.6760 -Extended Take Profit is confirmed.


HDA OUT
  • #389,787
  • Jul 29, 2014 6:37pm Jul 29, 2014 6:37pm
1.6850 - A hick up spot, where a bounce or consolidation may occur on the way down.
1.6760 -Extended Take Profit is confirmed.... HDA

Hmm that's what I said.....
Peace & Pips
  • #389,788
  • Jul 29, 2014 7:06pm Jul 29, 2014 7:06pm
Next target I think

Watching the sell zone above
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
Click to Enlarge Name: GBPUSDH4.png Size: 25 KB
Come with me if you want to live....
  • #389,789
  • Jul 29, 2014 10:39pm Jul 29, 2014 10:39pm
Quoting elbert3
{quote} GC do we have a target gbcad ,,we know 1900 is on the table,, shall we stay in till then,,E
yup stay in longs but suddenly cad has become an imp piece in this puzzle. if it breaks 8450 there is no stopping it and it can take out 8600 also. I reckon cad will decide what happens next in the pair. the close was above 200MA so usd/cad is bullish and stays bullish. 1.0896 is next level. lets see how comfortably it takes it out. gbp/cad is buy on dips now and so is usd/cad
  • #389,790
  • Jul 29, 2014 11:34pm Jul 29, 2014 11:34pm
Good Morning !

Today's S/R Levels on MT4 Templates

EURO
CABLE
AUDUSD
USDJPY
EURGBP
S&P 500
GOLD

http://www.forexfactory.com/showthre...25#post7638825
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #389,791
  • Jul 30, 2014 12:36am Jul 30, 2014 12:36am
European opening calls:

$FTSE 6805 down 3
$DAX 9637 down 16
$CAC 4357 down 9
$IBEX 10873 down 29
$MIB 21013 down 73
  • #389,792
  • Jul 30, 2014 1:50am Jul 30, 2014 1:50am
approaching moving averages on weekly, could bounce at 1.6900 or 16850 for trend upward again, 5th time lucky??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 40 KB
  • #389,793
  • Jul 30, 2014 1:55am Jul 30, 2014 1:55am
Quoting slimcat
approaching moving averages on weekly, could bounce at 1.6900 or 16850 for trend upward again, 5th time lucky?? {image}
if GDP number disappoints, I would not advise following technicals...as it would be clear that you are trading gold for toilet paper. I am just curious to see how the market will weigh that possibility today
  • #389,794
  • Jul 30, 2014 1:58am Jul 30, 2014 1:58am
Quoting giveachance
{quote} yup stay in longs but suddenly cad has become an imp piece in this puzzle. if it breaks 8450 there is no stopping it and it can take out 8600 also. I reckon cad will decide what happens next in the pair. the close was above 200MA so usd/cad is bullish and stays bullish. 1.0896 is next level. lets see how comfortably it takes it out. gbp/cad is buy on dips now and so is usd/cad
Morning GC copy that ,,thanks E
  • #389,795
  • Jul 30, 2014 2:14am Jul 30, 2014 2:14am


Good Morning Forex factory Members And Guests

I remain short

HDA OUT
  • #389,796
  • Jul 30, 2014 2:34am Jul 30, 2014 2:34am
Quoting HDA
Good Morning Forex factory Members And Guests I remain short HDA OUT
Morning HDA, all quiet on the front line this morning
  • #389,797
  • Jul 30, 2014 2:37am Jul 30, 2014 2:37am
Quoting HDA
Good Morning Forex factory Members And Guests I remain short HDA OUT
The pair definitely looks bearish at the moment. But, given the price action patterns, doesn't seem worthwhile entering atm.
  • #389,798
  • Jul 30, 2014 2:44am Jul 30, 2014 2:44am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - Weekly (30.07.2014).jpg Size: 357 KB
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #389,799
  • Jul 30, 2014 2:56am Jul 30, 2014 2:56am
Quoting Greener
{quote} if GDP number disappoints, I would not advise following technicals...as it would be clear that you are trading gold for toilet paper. I am just curious to see how the market will weigh that possibility today
the previous number was bad due to bad weather..this month..im almost definate will print a better GDP. The question is will a good print result in DOLLAR index getting strong..money may go into equities

i have found that..what makes the dollar index strong is mostly uncertainy
  • #389,800
  • Jul 30, 2014 3:04am Jul 30, 2014 3:04am
Quoting nAVIN2007
{quote} the previous number was bad due to bad weather..this month..im almost definate will print a better GDP. The question is will a good print result in DOLLAR index getting strong..money may go into equities i have found that..what makes the dollar index strong is mostly uncertainy
the good print is more or les priced in. what is imp is what happens if the print is below market expectations. then eur/usd rallies and so does gbp/usd
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