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Cable Update (GBPUSD)

  • #393,281
  • Aug 13, 2014 11:52am Aug 13, 2014 11:52am
Ok, thanks. Markets move in straight lines.
Fix up, trade sharp ...
  • #393,282
  • Aug 13, 2014 12:08pm Aug 13, 2014 12:08pm
sometimes ,sometimes not

Quoting Hickson
Ok, thanks. Markets move in straight lines.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,283
  • Aug 13, 2014 12:10pm Aug 13, 2014 12:10pm
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,284
  • Aug 13, 2014 12:12pm Aug 13, 2014 12:12pm
its all relative to the TF your looking at ,weekly is a straight line

Quoting Bones
sometimes ,sometimes not {quote}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,285
  • Aug 13, 2014 12:16pm Aug 13, 2014 12:16pm
bearish consolidation as discussed before
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcadweekly 13.png Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #393,286
  • Aug 13, 2014 12:18pm Aug 13, 2014 12:18pm
Here we go boys & girls,
"88" Blows,

Then i see wave 5 going Down:
as far as the "Stinky Fingers Greener" !
Attached Image (click to enlarge)
Click to Enlarge Name: 8_13_2014 Possible ELLIOT Wave 5 on 5Min Chart Targets GBP_USD.png Size: 20 KB
I will work to Objectively Identify my Edges
  • #393,287
  • Aug 13, 2014 12:20pm Aug 13, 2014 12:20pm
Quoting Bones
bearish consolidation as discussed before {image}
Agreed, Bones...

On that Consolidating,
Lonngggg Wave-4 !

Best of Pipping,
Mate !
I will work to Objectively Identify my Edges
  • #393,288
  • Aug 13, 2014 12:33pm Aug 13, 2014 12:33pm
Really price go down until 64600? Is not much without retrace?
Try don't lose pants never...
  • #393,289
  • Aug 13, 2014 12:34pm Aug 13, 2014 12:34pm
Quoting TerpFan2
Here we go boys & girls, "88" Blows, Then i see wave 5 going Down: as far as the "Stinky Fingers Greener" ! {image}

1 min
  • #393,290
  • Aug 13, 2014 12:35pm Aug 13, 2014 12:35pm
Quoting TerpFan2
Here we go boys & girls, "88" Blows, Then i see wave 5 going Down: as far as the "Stinky Fingers Greener" ! {image}

M1
  • #393,291
  • Aug 13, 2014 12:39pm Aug 13, 2014 12:39pm
My Apologies...
I "Rushed" to make that last chart up,
Regarding the "Internal Wave Counts", on Wave-4.

Disregard it, -I would, on the Wave-4 Internal-
Counting.

We're either in Giant Wave-3 that never ends,
Today, or that long wave-4 that retraces slowly,
no-where "North", just yet, until after Wave-5
is complete, "South".

Also "86" was the last,
"Minor" breaking point i saw for another,
"Preliminary-Break", to the South.
Not "88".

My Bad,
"Haste make's Waste",

Jeff Out...
I will work to Objectively Identify my Edges
  • #393,292
  • Aug 13, 2014 12:42pm Aug 13, 2014 12:42pm
Quoting Dano12
{quote} M1
Yeah, My Bad Dano,

I jumped the gun on that call...
As 'mentioned on the last post, "86",
as a minor start, maybe for some fireworks...

i just wouldn't be "Longing",
for anything right now
Best of All,

Jeff
I will work to Objectively Identify my Edges
  • #393,293
  • Aug 13, 2014 1:01pm Aug 13, 2014 1:01pm
The GBP/USD is now looking to be more of a correction than a pullback. We now are I believe at the start of a sentiment shift. Carney lost the "run of himself" at his Mansion House speech a few weeks ago. A little egg on his face to say the least.

This pair is now a sell on any rallies. A good entry level to sell at would be around 1.6840, if we can get there. Given the Inflation report this morning we could see pressured correction and if the EUR/USD starts to fall the GBP/USD position move lower will exacerbate. I can see a level of 1.6450 or so being a reasonable target. Without doubt I think it will be sometime before we see 1.7000 again.

This of course sets up a very interesting EUR/GBP trade given the EUR pressure.
Some thoughts to help you trade more consistently
  • #393,294
  • Aug 13, 2014 1:06pm Aug 13, 2014 1:06pm
Ok,

Here's a 30-Min Chart...
For some "Wave Counts".

My Long wave-1 down i know is "Iffy"...
But you cannot deny that was a Long Wave-3 Down,
from what we see. -(If that was a Wave-1, "YIKE's" :-) )!

Wave 3 Shown in Counts & Wave-4 Developing.
-(Counts in Parenthesis, on Wave-4, -as to their validity)-!
Best of All Gang,

Jeff Out
Attached Image (click to enlarge)
Click to Enlarge Name: 8_13_2014 Possible ELLIOT Wave_4 into_5 on 30_Min Chart GBP_USD.png Size: 27 KB
I will work to Objectively Identify my Edges
  • #393,295
  • Aug 13, 2014 1:10pm Aug 13, 2014 1:10pm
Where do you see wave 4 ending?
Que Sera
  • #393,296
  • Aug 13, 2014 1:25pm Aug 13, 2014 1:25pm
Alright Partner,

I see the possibility of anything...
This was a hard, "Denting" move, "South".

I see only a potential for:
__ 1.6700, a 38.2,
__ 1.6706, a 50%
__ 1.6711, a 61.8%

However, this Wave-4 Could be "Cooked'.
-It is so "Dilapidated" to the Downward-Bias,
I only feel that the "DOW", has been keeping her,
"Propped-Up", w/Pound/Jappy.

Just what i'm seeing,

Jeff
I will work to Objectively Identify my Edges
  • #393,297
  • Aug 13, 2014 1:35pm Aug 13, 2014 1:35pm
Quoting scottp
The GBP/USD is now looking to be more of a correction than a pullback. We now are I believe at the start of a sentiment shift. Carney lost the "run of himself" at his Mansion House speech a few weeks ago. A little egg on his face to say the least. This pair is now a sell on any rallies. A good entry level to sell at would be around 1.6840, if we can get there. Given the Inflation report this morning we could see pressured correction and if the EUR/USD starts to fall the GBP/USD position move lower will exacerbate. I can see a level of 1.6450 or...
.168 I doubt very much we will get a retrace that big.
Que Sera
  • #393,298
  • Aug 13, 2014 1:38pm Aug 13, 2014 1:38pm
kinda new here, but im looking at price re testing 1.68800 ~ 169600 ish levels before continuing its descend lower to 1.648ish level. anyone sharing the same sentiments?
  • #393,299
  • Aug 13, 2014 1:38pm Aug 13, 2014 1:38pm
Quoting GlobalMacro
{quote} So far so good. Position yielding +136 pips with Cable trading @ 1.6691 I'm tightening the s/l by 40 pips down to 1.6889 & Keeping the short position running. short @ 1.6827 t/p : open s/l : 1.6889 {image}
well done bro
  • #393,300
  • Aug 13, 2014 1:38pm Aug 13, 2014 1:38pm
I wholeheartedly agree to that,
Home-Slice!

In Fact,
She's "Inching" for Fireworks again,
SOUTH!
I will work to Objectively Identify my Edges
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