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Cable Update (GBPUSD)

  • #405,261
  • Nov 14, 2014 5:33pm Nov 14, 2014 5:33pm
Quoting Mr.C
{quote} Hi there. Sorry for my late reply buddy, was away from my screens for a while. Still interested in the GCAD zones?
PM
A good trader follows his rules, but great trader knows when to break them
  • #405,262
  • Nov 14, 2014 6:06pm Nov 14, 2014 6:06pm
Have a great weekend, I'm off to Tunisia to spend some pips... Will be chilling with my trading and beaches


Quoting TerpFan2
{quote} I will GLADLY, Take that, "SPIKE-UP", if it happens YardiFx... ! We shall see, eh? I 'hung' in their "Long" for a dozen pips (currently)... even though she "hit" the APP (Alternate Price Projection), i had @1.5694 "ish". -(Could have taken 40 pips). -It hit that bad boy to a "T". We will see Sunday Evening. I see some turn around beginning... (N O R T H)! I think / would hope... Again, We shall see... All the Best Gang, Jeff
Peace & Pips
  • #405,263
  • Nov 14, 2014 6:37pm Nov 14, 2014 6:37pm
Quick valuable information... On Sundays at around 8pm GMt.... Look at price actin on yahoo finance... It will give yyou a general idea of the trend for the following week...
Watch and see.... Big players start to eat first... Why not follow their crumbs.....
Quoting YardiFX
Have a great weekend, I'm off to Tunisia to spend some pips... Will be chilling with my trading and beaches {quote}
Peace & Pips
  • #405,264
  • Nov 15, 2014 10:30pm Nov 15, 2014 10:30pm
X ....... ?

Attached Image (click to enlarge)
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  • #405,265
  • Nov 15, 2014 11:33pm Nov 15, 2014 11:33pm
Quoting Ken A
X ....... ? {image}
ok crush if decided continue till end without correction as 5696 still not broken & hold at the lowest stance & next 5788 and 5848/74 , otherwise can take leg up to crush next time . anyway some low play before test those levels probable before decision for the crush immediate at market open or later. market in strong down trend to reach X soon or late .
Take care
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #405,266
  • Nov 16, 2014 3:48am Nov 16, 2014 3:48am
Quoting fontu
{quote} ok crush if decided continue till end without correction as 5696 still not broken & hold at the lowest stance & next 5788 and 5848/74 , otherwise can take leg up to crush next time . anyway some low play before test those levels probable before decision for the crush immediate at market open or later. market in strong down trend to reach X soon or late . Take care fontu {image} {image}
For me that candle is a continuation pattern. Last weeks we saw same kind of candle with same result. Can be low retest and swing too but if price dont broke resistence monday i think will do new low. MN1 show very much room for down and i readed here people said its good reference get MN1 as trend. If this month is a clear down you dont go againts it. We will see soon what happens...
Try don't lose pants never...
  • #405,267
  • Nov 16, 2014 4:16am Nov 16, 2014 4:16am
Looks to me like a pattern breakout to the downside with the immediate 61.8 fib, intermediate 50fib and major 23.6 fib all clustered around the 2011/2012 support level waiting for a visit. And looking at price rejection, that weekly 200ema is clearly in no mood to play games
And neither is the price magnet, black devil sma
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #405,268
  • Nov 16, 2014 5:42am Nov 16, 2014 5:42am
If we get a rebound, I don't see it going above 1.5885
Volatility makes me feel alive!
  • #405,269
  • Nov 16, 2014 11:18am Nov 16, 2014 11:18am
Quoting jcb94
If we get a rebound, I don't see it going above 1.5885
I would agree with you....a good point to enter short for a move down to the 1,55 area. On the H1 chart 1,5881 has a minor price gap down. 1,5770 is the 50% retracement level for last week using the fib expansion tool may be a guaranteed entry for a longer term trade.1,5713 and 1,5789 are balance point voids and will be traded sooner or later hopefully sooner to get the bounce out of the way. I have placed my entry order @1,5858.Best wishes for your weeks trading.
I may not be right...BUT, I am never wrong
  • #405,270
  • Nov 16, 2014 12:44pm Nov 16, 2014 12:44pm
Quoting Spartanholds
{quote} I would agree with you....a good point to enter short for a move down to the 1,55 area. On the H1 chart 1,5881 has a minor price gap down. 1,5770 is the 50% retracement level for last week using the fib expansion tool may be a guaranteed entry for a longer term trade.1,5713 and 1,5789 are balance point voids and will be traded sooner or later hopefully sooner to get the bounce out of the way. I have placed my entry order @1,5858.Best wishes for your weeks trading.

Thanks, you too. In the longer term, do you see 1.55 support holding or do you believe it will fall further?
Volatility makes me feel alive!
  • #405,271
  • Nov 16, 2014 1:22pm Nov 16, 2014 1:22pm
Quoting jcb94
{quote} Thanks, you too. In the longer term, do you see 1.55 support holding or do you believe it will fall further?
Right now, I do have a long term view on my charts for a viable move down to the 1,53 and then 1,51 area. Not straight down there will have to be retracement along the way....but....thats what I see.
I may not be right...BUT, I am never wrong
  • #405,272
  • Nov 16, 2014 2:23pm Nov 16, 2014 2:23pm
If EURUSD go to 1.20 or lower maybe GBPUSD will go to 1.48. And at that point possible double bottom...
Try don't lose pants never...
  • #405,273
  • Nov 16, 2014 2:31pm Nov 16, 2014 2:31pm
Quoting braintheboss
If EURUSD go to 1.20 or lower maybe GBPUSD will go to 1.48. And at that point possible double bottom...
...I wanted to say that.... but was thinking if I did somebody here would waylay me for it.

BTW ....my €/$ tgt is set @ 1,1726
I may not be right...BUT, I am never wrong
  • #405,274
  • Nov 16, 2014 2:33pm Nov 16, 2014 2:33pm
Quoting Spartanholds
{quote} ...I wanted to say that.... but was thinking if I did somebody here would waylay me for it.
I have an excuse, I am newbie ... But i remember a few months people said EURUSD will go 1.23 when price 1.38x and that seemed impossible. At Forex all is possible
Try don't lose pants never...
  • #405,275
  • Nov 16, 2014 2:34pm Nov 16, 2014 2:34pm
No more 1.80?
  • #405,276
  • Nov 16, 2014 2:36pm Nov 16, 2014 2:36pm
Quoting Ken A
No more 1.80?
well sure Ken.....just not today.
I may not be right...BUT, I am never wrong
  • #405,277
  • Nov 16, 2014 2:38pm Nov 16, 2014 2:38pm
Quoting braintheboss
{quote} I have an excuse, I am newbie ... But i remember a few months people said EURUSD will go 1.23 when price 1.38x and that seemed impossible. At Forex all is possible
Forex is the largest casino in the world....we even have "pole dancers" (doji candles)
I may not be right...BUT, I am never wrong
  • #405,278
  • Nov 16, 2014 2:47pm Nov 16, 2014 2:47pm
Quoting Ken A
GBPUSD will see 1.48x again.
That was July 27, 2014

Hehe ..........
  • #405,279
  • Nov 16, 2014 2:53pm Nov 16, 2014 2:53pm
Question is... If touch 1.48 ( double bottom ) price can go near 1.90 really? Is possible double bottom don't make all theoretical path and make trend swing at 1.80 gap?
Try don't lose pants never...
  • #405,280
  • Nov 16, 2014 2:55pm Nov 16, 2014 2:55pm
Quoting Ken A
{quote} That was July 27, 2014 Hehe ..........
well Ken as you can see I am new around here..I missed that quote...but its good to see traders with a sense of humor
I may not be right...BUT, I am never wrong
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