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Cable Update (GBPUSD)

  • #394,621
  • Aug 23, 2014 9:42am Aug 23, 2014 9:42am
Quoting Bones
gbp is in down trend scott that will take us from range ,bearish consolidation not bullish ,monthly is saying you can see gbp chf montly now at top of range {quote} {image}
So red line came from pattern but very important....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFMonthly823.jpg Size: 123 KB
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  • #394,622
  • Aug 23, 2014 9:45am Aug 23, 2014 9:45am
well im really firm bear at best cable will under perform say againt aud ,cad ,eur ,chf ,
any move up will be retrace at this pont based on monthly ,weekly .daily

Quoting Mr. Scott
{quote} If you say GBP wants 1.60 or so, I will not disagree. But how do we get there? So, I look at charts and wait and see.....Of course, we need GU and UC but I like to look to both sides. Can you make bear case? Can you make bull case? Sadly, this is big and a zone but...... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,623
  • Aug 23, 2014 9:55am Aug 23, 2014 9:55am
Quoting Bones
well im really firm bear at best cable will under perform say againt aud ,cad ,eur ,chf , any move up will be retrace at this pont based on monthly ,weekly .daily {quote}
Ok Bones, thank you for charts. Nice discussion.

We will just keep our powder dry.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #394,624
  • Aug 23, 2014 10:02am Aug 23, 2014 10:02am
jpy is unclear to me ,other than top is firm ,
but I wonder what or who is driving jpy now,



Quoting ill_be_back
{quote} What do you think about GJ, I am SHORT from 172.591
Attached Image (click to enlarge)
Click to Enlarge Name: gbp JPY w1 (DFB).png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,625
  • Aug 23, 2014 10:04am Aug 23, 2014 10:04am
crystal clear
3 crows w1 ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp AUD monthly (DFB).png Size: 21 KB
Click to Enlarge Name: gbp AUD w1 21 (DFB).png Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,626
  • Aug 23, 2014 10:10am Aug 23, 2014 10:10am
Quoting Bones
jpy is unclear to me ,other than top is firm , but I wonder what or who is driving jpy now, {quote} {image}
Thanks, SL is 5 above Target is 1.67535, Talk about RR
A good trader follows his rules, but great trader knows when to break them
  • #394,627
  • Aug 23, 2014 10:11am Aug 23, 2014 10:11am
yes gbp chf is fighting immediate trend ,but now enulfing after nice run at top of range , end of month scott I doubt very much you will show me a bullish candle,

Quoting Mr. Scott
{quote} So red line came from pattern but very important.... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp CHF monrhly (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,628
  • Aug 23, 2014 10:13am Aug 23, 2014 10:13am
yea ,good chat catch you later

Quoting Mr. Scott
{quote} Ok Bones, thank you for charts. Nice discussion. We will just keep our powder dry.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,629
  • Aug 23, 2014 10:47am Aug 23, 2014 10:47am
I show you what I mean when you combine last 2 months what a task bulls have ,if we see close as is (end of week) ,sideways next week don't be fooled ,
and prior to this candle ,that the trend weakens somewhat ,over 6 months 3 candles


Quoting Bones
its a good time to look at 2 month ,which close end of this month ,I have 747 as number to take ,under this number bears would have complete control imo but the probability of taking high is at an extreme low ,in effect trend changer {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD 2 month (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,630
  • Aug 23, 2014 11:19am Aug 23, 2014 11:19am
I expect narrow, upward movement when the market opens on Monday. Perhaps may go up to about 1.65755. I reckon GBP to be a trifle stronger than USD which may lift the pair slightly up.
  • #394,631
  • Aug 23, 2014 1:50pm Aug 23, 2014 1:50pm
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"W. D. Gann said that time is the most important factor among all things."
  • #394,632
  • Aug 23, 2014 8:38pm Aug 23, 2014 8:38pm
Quoting Bones
I show you what I mean when you combine last 2 months what a task bulls have ,if we see close as is (end of week) ,sideways next week don't be fooled , and prior to this candle ,that the trend weakens somewhat ,over 6 months 3 candles {quote} {image}
you can not draw a chart and speculate like that - please learn more before post


Thank You
  • #394,633
  • Aug 24, 2014 1:08am Aug 24, 2014 1:08am
Next week ... ??
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  • #394,634
  • Aug 24, 2014 1:10am Aug 24, 2014 1:10am
Quoting Hickson
{quote} No need to prove yourself here, but of course I would be delighted to see that it is possible with that amount without risking high draw downs AND paying all living cost at the same time over months and years to come. Actually we all have the same goal, we just have different risk aversions.
  • #394,635
  • Aug 24, 2014 3:46am Aug 24, 2014 3:46am
ok ,what is it about the chart that I can not do ?


Quoting DailyChart
{quote} you can not draw a chart and speculate like that - please learn more before post Thank You
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #394,636
  • Aug 24, 2014 4:38am Aug 24, 2014 4:38am
Gidday GBP/US

Enjoy reading the all posts

It would seem more think a down move

is still in play.

No doubt we will find out soon enough
  • #394,637
  • Aug 24, 2014 5:08am Aug 24, 2014 5:08am
Attached Image (click to enlarge)
Click to Enlarge Name: GU_Daily.png Size: 22 KB
  • #394,638
  • Aug 24, 2014 6:11am Aug 24, 2014 6:11am
Quoting Bones
ok ,what is it about the chart that I can not do ? {quote}
lol tony. pls ignore him. we all know your calls have been superb.
  • #394,639
  • Aug 24, 2014 6:17am Aug 24, 2014 6:17am
Quoting DailyChart
{quote} you can not draw a chart and speculate like that - please learn more before post Thank You

i think it is u my friend who needs to learn more..all he is doing is combining the data to give a bigger summary..seemed u have missed a trick!!
  • #394,640
  • Aug 24, 2014 6:30am Aug 24, 2014 6:30am
Quoting DailyChart
{quote} you can not draw a chart and speculate like that - please learn more before post Thank You
Looks like his charts have been pretty good so far?! What about coming up with constructive input instead?
Fix up, trade sharp ...
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