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Cable Update (GBPUSD)

  • #392,561
  • Aug 8, 2014 2:33pm Aug 8, 2014 2:33pm
Quoting Bones
major bear ,hda longs will be smashed , nav will be saved {image}
I think down to 6725, the more i look at it this chart will look a mess
Attached Image (click to enlarge)
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  • #392,562
  • Aug 8, 2014 2:38pm Aug 8, 2014 2:38pm
Enjoy the weekend folks.
Ghost Rider - WWTBMD?
  • #392,563
  • Aug 8, 2014 2:46pm Aug 8, 2014 2:46pm
maybe ,
it was a mess a nightmare climb ,from 6200 ,when cable tanks open the parachute

Quoting elbert3
{quote} I think down to 6725, the more i look at it this chart will look a mess {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,564
  • Aug 8, 2014 2:49pm Aug 8, 2014 2:49pm
Hi G I will watch gold ,do think H+S ? too deep in consolidation ?

Quoting gnomoneey
{quote} hi bones, few things to watch in gold next week.... 1. should retrace 1305 (red tl ) 2. climb to go 1313 (harmonic target hit yesterday) 3.close 1313 then we should see 1332 (a bunch of confluence) 4. close above 1332 get 1365 (inverse hs target) {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,565
  • Aug 8, 2014 2:54pm Aug 8, 2014 2:54pm
Quoting gnomoneey
{quote} hi bones, few things to watch in gold next week.... 1. should retrace 1305 (red tl ) 2. climb to go 1313 (harmonic target hit yesterday) 3.close 1313 then we should see 1332 (a bunch of confluence) 4. close above 1332 get 1365 (inverse hs target) {image}

Hi G,

Other one is higher up.

Billy, don't worry about EJ, I used invisible crayon.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #392,566
  • Edited 3:14pm Aug 8, 2014 2:59pm | Edited 3:14pm
any bearish patterns ?

Quoting Mr. Scott
{quote} Hi G, Other one is higher up. Billy, don't worry about EJ, I used invisible crayon. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdmonthly 8th.png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,567
  • Aug 8, 2014 3:17pm Aug 8, 2014 3:17pm
Quoting Mr. Scott
{quote} Hi G, Other one is higher up. Billy, don't worry about EJ, I used invisible crayon. {image}
Position:XAUUSD - Gold/US Dollar
Long :10
Profit/Loss:
Open price:1,294.22
Current price:1,309.59 (1.19 %)
Total P/L:153.65 USD
Total P/L (incl. costs):133.65 USD
Details:
Position ID:140459246
Account:5589929 (USD)
Status:Open
Execution time:03-Aug-2014 23:07:12 (GMT)
Value date:12-Aug-2014
Costs:Open Close
Commission:10.00 USD10.00 USD
Total:10.00 USD10.00 USD
Profit/Loss Details:
Trade P/L:153.65 USD
Costs:-20.00 USD
Total P/L (incl. costs):133.65 USD
Details loaded at 08-Aug-2014 22:07:32
* Values in italics are estimations
Attached Image (click to enlarge)
Click to Enlarge Name: gold4h.png Size: 91 KB
me 2 ps worth for what it is,, my ema set up does not react like in gbusd ,,white top is up yellow 50 on the bottom is up,, so long as you see the trade ticket ,again i have to now rely on what i see m so any pullbacks buy them,, thats it,, ps dont worry eujy stated scalp trade but i will take any more free of charge,,thats it guys 2nd glass of veno its been a strange day and week for me ,,even though i have been in business for some time now,i thought i would have gone through all emotions ,but we still find new things in life that surprise us ,i wish you all well good night E
  • #392,568
  • Aug 8, 2014 3:20pm Aug 8, 2014 3:20pm
Quoting Bones
any bearish patterns ? {quote} {image}
Yes Bones 1331-2 is bearish. One higher up G alluded to is as well. Mine is not pictured as then it would really be a mess. I will have to take a look later to get the exact.

But that is also a possible set up for significant down, yes.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #392,569
  • Aug 8, 2014 3:28pm Aug 8, 2014 3:28pm
could be a runner ,d1 might not break at all

Quoting elbert3
{quote} Position:XAUUSD - Gold/US Dollar Long :10 Profit/Loss: Open price:1,294.22 Current price:1,309.59 (1.19 %) Total P/L:153.65 USD Total P/L (incl. costs):133.65 USD Details: Position ID:140459246 Account:5589929 (USD) Status:Open Execution time:03-Aug-2014 23:07:12 (GMT) Value date:12-Aug-2014 Costs:Open Close Commission:10.00 USD10.00 USD Total:10.00 USD10.00 USD Profit/Loss Details: Trade P/L:153.65 USD Costs:-20.00 USD Total P/L (incl. costs):133.65 USD Details loaded at 08-Aug-2014 22:07:32 * Values in italics are estimations {image} me...
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,570
  • Aug 8, 2014 3:32pm Aug 8, 2014 3:32pm
Quoting Bones
could be a runner ,d1 might not break at all {quote} {image}
lets sleep now enough is enough ,,,good night and good luck E
  • #392,571
  • Aug 8, 2014 3:32pm Aug 8, 2014 3:32pm
hammer is low prob ,I know it looks sweet



Quoting Bones
ok ,im pretty confident on it ,not that I trade dow, ,I closed gbp jpy cause jpy was over brought you can see jpy has pulled back ,but gbp jpy has not really got much out of that I have two thoughts ,that wont break or fail on next line , jpy is bullish not bearsh usd is bullish imo {quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #392,572
  • Aug 8, 2014 5:01pm Aug 8, 2014 5:01pm
Quoting Bones
any bearish patterns ? {quote} {image}
Yes it is bearish
The climb from 1285-1323 needs to retrace. How much down?
50% is about 1305 area.- just calculating roughly by my head.
We can argue that the geopolitical part of the equation needs to also be considered.
So for now we now watch Sunday and euro open to see pa.
I also have many scenerios that may happen for the downside.
Ive had 103x since last year and now I see 8xx as a bottom but what will cause that to drop
I also have usoil dropping to $7x.xx levels to rising above $125.
Along with Audusd to about 0.7x-0.8x
all lomgterm views.
and my stupid TA....
still learning.
Wooooohooooo or Boooooohooooo
  • #392,573
  • Aug 8, 2014 5:22pm Aug 8, 2014 5:22pm
Carney next Wednesday will probably send cable to the abyss following some disappointment from job data...not sure how low it will be before he hikes...
  • #392,574
  • Aug 8, 2014 6:05pm Aug 8, 2014 6:05pm
Quoting Bones
could be a runner ,d1 might not break at all {quote} {image}
Hi Bones, Not sure what you mean by d1?
  • #392,575
  • Edited 9:29pm Aug 8, 2014 9:15pm | Edited 9:29pm
Quoting HDA
{quote} @wendyqq: You are too much Now I see why Bones says he loves you {quote} And wendyqq, XGURU would mean, I was once a GURU HDA OUT
I'm saying only facts (1st highlight)

(2nd highlight)

Happy weekend! The ending of the week is GREAT!
  • #392,576
  • Aug 8, 2014 9:22pm Aug 8, 2014 9:22pm
Quoting HDA
{quote} @albchr: Good Morning, FF's very own "KING OF COMEDY" You are correct, but I've trained myself to control my greed by getting out early. I tell myself, don't try and get everything, there will be more to come from my next trade. So I don't put mental pressure on myself trying to grow my account quickly, but instead, just growing it gradually The market isn't going anywhere Hope that explanation helps HDA OUT
  • #392,577
  • Aug 8, 2014 9:40pm Aug 8, 2014 9:40pm
It is interesting to see where the cable now, i do not expect it will down so fast like this.
actually, I've seen this target, KS on weekly ichimoku, never touched for at least one year. Usually it bounced every time close to weekly KS.
when cable still in 1.71xx area, but I've not patient enough and get confused by some bullish attempt. So salute for everybody here who catch the momentum correctly who sold from peak. I missed the train and busy on other pair.

Cable now at strong resistance (weekly KS), and RsI on H4 looks oversold. It is reasonable to buy from here for some 50-80 pips but with wider SL, considering RSI on lower TF show that this thing still possible to down again.

If weekly cloud will be acted as resistance, still 200 pips more possible (check senkou span) value in the next couple weeks.

Good luck everybody, Have a nice weekend
  • #392,578
  • Aug 8, 2014 10:32pm Aug 8, 2014 10:32pm
Quoting albchr
I'm honored to be sharing a cell with you mate

http://assets.forexfactory.net/nfs/c...ar54570_11.gif Bones
started ignoring you

I like the daily reactions so far to this fib sequence.

I think the daily 380 pip leg ABCD to 1.65 is possible as per HDA's indication as a "potential" bottom to weekly support.

I don't have any confidence in any lower towards the 1.60 er's and below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 31 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
Click to Enlarge Name: GBPUSDWeekly1.png Size: 36 KB
Come with me if you want to live....
  • #392,579
  • Aug 8, 2014 10:40pm Aug 8, 2014 10:40pm
If by any chance there is a retest of 6820 area resistance and the most recent breakout line, I think it's another good sell
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 29 KB
Come with me if you want to live....
  • #392,580
  • Aug 9, 2014 12:13am Aug 9, 2014 12:13am
BOOM BOOM

Off the multi year/multi decade channel mid point
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 33 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 35 KB
Come with me if you want to live....
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