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Cable Update (GBPUSD)

  • #407,581
  • Jan 31, 2015 4:10am Jan 31, 2015 4:10am
Quoting Darkforce
{quote} A multi-year giant bear flag finally break to the downside? Likely
Hey DF ... Long time my friend. I hadn't looked at it that way but, ya know? .... if so that's one hell of a poll.

If we take all that time from around June 2010 as the range it is, a pullback to 48xx is only a 61.8. To 42xx a 78.6. Given the current structure & momentum? Not unreasonable at all me thinks. Also, the multi year symmetrical triangle base (flag bottom) was broken, tested and held.

Tanks - Check
Mask & flippers - Check
Ghost Rider - WWTBMD?
  • #407,582
  • Jan 31, 2015 4:26am Jan 31, 2015 4:26am
cable d1 range has been an easy read ,I would think this will continue for a bit ,sideways in a bear market is more likely to be continuation than reversal ,but level is significant and we can not escape overall this chart is range,

Quoting Bones
regardless of anything Nav on a monthly I don't see the way out this month ,for cable {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD month (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #407,583
  • Jan 31, 2015 5:02am Jan 31, 2015 5:02am
I'm now running 3 screens which must make me 3 times as good
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_5970.JPG Size: 917 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #407,584
  • Jan 31, 2015 5:05am Jan 31, 2015 5:05am
Quoting Bones
I'm now running 3 screens which must make me 3 times as good {image}
LOL ... I have 4. What's that make me? ..... be kind ....
Ghost Rider - WWTBMD?
  • #407,585
  • Jan 31, 2015 5:31am Jan 31, 2015 5:31am
Quoting OnlineAddict
Cable has been scalpers heaven the past few weeks...stable between 1.5 and 1.52...I have this weird feeling that once it breaks above or below, many people will get burned by adding to a losing trade while hoping for another return to this range...but it may not return. {quote} The sooner you start ignoring gaps, the better for your trading. Because where would it stop? Gaps on weekly? Daily? Hourly? 5 minutes? 1 minute? Nobody cares about gaps other than retailers.
I only see HT gaps. Normally that gaps are monday open market and are enough big for are not broker dependents. But maybe i explain wrong. I only said that gap is a good excuse for price make pullback before continue with fall. And i think this because if you see dollar and correlated currencies ( W1 ), you see possible temporal swing. But it's only theory. And always i say my knowledge in forex is limited because I'm trading since oct'12...
Try don't lose pants never...
  • #407,586
  • Jan 31, 2015 7:33am Jan 31, 2015 7:33am
Quoting Qu|cksilver
Hi, Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
1.905??????
  • #407,587
  • Jan 31, 2015 9:15am Jan 31, 2015 9:15am
It can only mean your 25% better Chris lol

Quoting albchr
{quote} LOL ... I have 4. What's that make me? ..... be kind ....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #407,588
  • Jan 31, 2015 9:20am Jan 31, 2015 9:20am
d1 cable
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD (DFB).png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #407,589
  • Jan 31, 2015 9:42am Jan 31, 2015 9:42am
Quoting Bones
d1 cable {image}
do you think it could fall without touching the monthly tl? i mean following the daily tl from january the 11th candle?
  • #407,590
  • Jan 31, 2015 9:42am Jan 31, 2015 9:42am
Quoting Bones
gbp jpy ,whilst monthly is bearish I'm wondering if thats pull back , {image} {image}
Hi Bones,

http://www.forexfactory.com/showthre...02#post7997102
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily131.jpg Size: 184 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #407,591
  • Jan 31, 2015 10:04am Jan 31, 2015 10:04am
could do , gbp itself I'm thinking that has to be seller ,but its very resilient ,
complete retrace of swiss thing but rather tentative d1

Quoting danndc
{quote} do you think it could fall without touching the monthly tl? i mean following the daily tl from january the 11th candle?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPLFXMonthly.png Size: 7 KB
Click to Enlarge Name: GBPLFXDaily.png Size: 4 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #407,592
  • Jan 31, 2015 10:19am Jan 31, 2015 10:19am
Thanks S so you aim lower gbp jpy ? only thing that caught my eye was W1 inverted hammer off tl and range break zone
Cable also has inverted hammer off 1.5 ,without confirm I was thinking could = week or 2 ,side up type thing not a trend changer ...

Quoting Mr. Scott
{quote} Hi Bones, http://www.forexfactory.com/showthre...02#post7997102 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #407,593
  • Jan 31, 2015 10:22am Jan 31, 2015 10:22am
Quoting Mr. Scott
{quote} Hi Bones, http://www.forexfactory.com/showthre...02#post7997102 {image}
Hi Scott - your numbers are weird.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYecnDaily.png Size: 71 KB
Ghost Rider - WWTBMD?
  • #407,594
  • Jan 31, 2015 10:23am Jan 31, 2015 10:23am
Quoting Bones
It can only mean your 25% better Chris lol {quote}
LOL ... well, that's more than I figured.
Ghost Rider - WWTBMD?
  • #407,595
  • Jan 31, 2015 10:40am Jan 31, 2015 10:40am
Quoting Bones
Thanks S so you aim lower gbp jpy ? only thing that caught my eye was W1 inverted hammer off tl and range break zone Cable also has inverted hammer off 1.5 ,without confirm I was thinking could = week or 2 ,side up type thing not a trend changer ... {quote} {image}
You are welcome Bones. GU, have nothing other than tl, s/d, don't see anything harmonic larger. GU look for reason to buy based on weekly, monthly. GJ, look to buy, so those are buy levels to me. First time, worked out nice. Now, we bounce where we should. So, now pa for continuation or break. But this smaller pattern aligns perfectly with larger further down.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4131.jpg Size: 144 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #407,596
  • Jan 31, 2015 10:43am Jan 31, 2015 10:43am
Quoting albchr
{quote} Hi Scott - your numbers are weird. {image}
Hi Chris,

Some I draw to fit. If it fits....

Also, included link to older post/chart as some feeds slightly different,so get different fit. But I watch precise levels if it fits precisely.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #407,597
  • Jan 31, 2015 10:47am Jan 31, 2015 10:47am
Quoting Bones
It can only mean your 25% better Chris lol {quote}
Sorry Bones, Chris is 33% better.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #407,598
  • Jan 31, 2015 10:48am Jan 31, 2015 10:48am
Quoting Mr. Scott
{quote} Hi Chris, Some I draw to fit. If it fits.... Also, included link to older post/chart as some feeds slightly different,so get different fit. But I watch precise levels if it fits precisely.
I don't have one of yours so I must go back and see what I'm missing.
Ghost Rider - WWTBMD?
  • #407,599
  • Jan 31, 2015 10:57am Jan 31, 2015 10:57am
Quoting albchr
{quote} I don't have one of yours so I must go back and see what I'm missing.
I think I finded it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYecnDaily.png Size: 68 KB
Ghost Rider - WWTBMD?
  • #407,600
  • Jan 31, 2015 11:02am Jan 31, 2015 11:02am
Quoting Mr. Scott
{quote} Sorry Bones, Chris is 33% better.
LOL ... Wow! an 8% increase in just a couple hours? At that rate, I should be 100% Pro by market open. ....
Ghost Rider - WWTBMD?
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