On-site guru & also FF member's' psychiatrist, when not drinking tea
Cable Update (GBPUSD)
- #407,961
- Feb 6, 2015 1:46pm Feb 6, 2015 1:46pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
- #407,962
- Feb 6, 2015 4:10pm Feb 6, 2015 4:10pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Thank you Elbert - 1.5480 area has my attention now as a place to short some more in line with the trend.
(I think you will wait for the retest on more dip to go long next week to that target above no?)
(I think you will wait for the retest on more dip to go long next week to that target above no?)
Come with me if you want to live....
- #407,963
- Feb 6, 2015 5:29pm Feb 6, 2015 5:29pm
- Joined Dec 2012 | Status: Trader | 8,124 Posts
The world you desire can be won. It exists.. it is real.. it is possible..
- #407,966
- Feb 7, 2015 1:54am Feb 7, 2015 1:54am
- Joined Jul 2011 | Status: Gold Again | 10,588 Posts
Looking longer term, have things changed enough, fundamentally, to allow a change of trend?
They say it is written in the charts, so what do you see
W bottom , maybe reverse Head & Shoulders , time will tell
They say it is written in the charts, so what do you see
W bottom , maybe reverse Head & Shoulders , time will tell
It takes a lot for me to IGNORE you, but you can try.
- #407,968
- Feb 7, 2015 2:22am Feb 7, 2015 2:22am
Looking longer term, have things changed enough, fundamentally, to allow a change of trend? They say it is written in the charts, so what do you see W bottom , maybe reverse Head & Shoulders , time will tell
Anything is math!
- #407,969
- Feb 7, 2015 2:46am Feb 7, 2015 2:46am
{quote} GU H8 GMT+2 New HH on the H8, thanks for the YPS1 ~4984! I like the bullish engulfing followed by a marubozu today on the daily, there are a lot of space to riseMaybe ~58 is coming... Good luck! {image}
Closing above 2 weeks high.
No mans land till ~5500, i hope already on the next week
Good luck!
Anything is math!
- #407,970
- Feb 7, 2015 2:51am Feb 7, 2015 2:51am
- | Joined Aug 2013 | Status: Trader | 1,289 Posts
Looking longer term, have things changed enough, fundamentally, to allow a change of trend? They say it is written in the charts, so what do you see W bottom , maybe reverse Head & Shoulders , time will tell
At the moment GU got hammered at upper weekly channel.
Now retesting 1.52500 which is previous daily resistance turn to support right now.
Just my 2 cents.
- #407,971
- Feb 7, 2015 2:59am Feb 7, 2015 2:59am
- | Joined Aug 2013 | Status: Trader | 1,289 Posts
the chart is range at this time ,just by eye I can see it is still dark cloud on my chart technically ,on the 15 jan and 28 jan you can see similar set ups the effect that price closed lower for a period of 3 days each time consolidation is not necessarily the best time to read candles,but location weekly pivot , tl and gap add to set up {quote} {image}
thanks.
- #407,972
- Feb 7, 2015 5:04am Feb 7, 2015 5:04am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
{quote} Hi Scott, Is it bearish butterfly? I see your X is at 1.88, may I ask why not 1.917 (previous high)? At daily tf I see 1.27AB = CD, RSI divergence at weekly tf, it almost touched upper channel line (as per Bones post) please correct me, I am still newbie learning harmonic...
Hmmm.. I want to answer your question....
Is it bearish butterfly?
Well, I would say deep crab due to symmetry.
I see your X is at 1.88, may I ask why not 1.917 (previous high)?
Why not previous high, why is it more of two waves and not a swing? I would say because it fits so well.
I understand sometimes I don't follow the rules, so maybe we could say confluence? Or that sometimes I have my own rules?
At daily tf I see 1.27AB = CD, RSI divergence at weekly tf, it almost touched upper channel line (as per Bones post)
I agree. I saw Bones chart and liked it, so I posted mine. Really not sure what level Bones likes, but it is weekly and appears to me we are in the same area.
Really not sure how this comes across, but I am trying to answer your question and not trying to be obtuse.
Maybe we could say I am interested in that level and the reaction?
If it is not clear, please ask and I will try to explain.
The world you desire can be won. It exists.. it is real.. it is possible..
- #407,973
- Feb 7, 2015 5:56am Feb 7, 2015 5:56am
- | Joined Aug 2013 | Status: Trader | 1,289 Posts
{quote} Hi Idkurv, Hmmm.. I want to answer your question....
Thank you for the explanation, it is clear to me now.
Really appreciate it
- #407,974
- Feb 7, 2015 6:00am Feb 7, 2015 6:00am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
{quote} Hi Scott, Thank you for the explanation, it is clear to me now. Really appreciate it
You are welcome.
The world you desire can be won. It exists.. it is real.. it is possible..
- #407,976
- Feb 7, 2015 9:28am Feb 7, 2015 9:28am
how can you people say that it is going to challenge the TL when you read this?
http://www.forexcrunch.com/forex-wee...february-9-13/
BOE warried about EU ----- USA in good feet of growth
)))))))))
http://www.forexcrunch.com/forex-wee...february-9-13/
BOE warried about EU ----- USA in good feet of growth
)))))))))
- #407,977
- Feb 7, 2015 9:57am Feb 7, 2015 9:57am
how can you people say that it is going to challenge the TL when you read this? http://www.forexcrunch.com/forex-wee...february-9-13/ BOE warried about EU ----- USA in good feet of growth
Anything is math!
- #407,978
- Feb 7, 2015 12:59pm Feb 7, 2015 12:59pm
{quote} then you should short EG
and the EUR drop, will take with him GBP cause they are strictly connected
opinions on CABLE? i think we will see more dovishness from UK inflation report even because of the - trade balance
i think GBPUSD will aim straight to 1.48 cause this month FED can not be no hawkish and talk about hiking soon
- #407,979
- Feb 7, 2015 1:13pm Feb 7, 2015 1:13pm
- Joined Nov 2012 | Status: Coder | 8,521 Posts
Try don't lose pants never...
- #407,980
- Feb 7, 2015 2:48pm Feb 7, 2015 2:48pm
While we don't see something in Europe/USA for change tendency, only secure direction is down. In this 7 months not important where you put sell order. Always will give profits. Even if pullback is strong.