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Cable Update (GBPUSD)

  • #409,341
  • Feb 19, 2015 5:21am Feb 19, 2015 5:21am
Quoting maryanne
{quote} :d great. Whats your target south tho? .5320 or .5230 possible? {quote} kinda agree with you. Still waiting for a test of .5230 but its been so long think they killing as many shorts now, before the next leg down to kill the longs. We all know mms are greedy and would like to take sl both sides :d
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not to sure on the points to much crap on the chart,, morning,,
  • #409,342
  • Feb 19, 2015 5:22am Feb 19, 2015 5:22am
Quoting Spudforex
{quote} Well taken a sell first one so could both be on the same page in this moment lol .. times a great way for doing all the telling .
Agreed! Time is the most important factor indeed! Thats why i say only time will tell
Spuddy, do u trade long term or short term, or swing trader tho?

Hang on, I have yet to impose the pattern over the fan/arc to see what results I get.

ps: dollar index is forming bullish butterfly on a few time frames already, saying there should be a fall before next leg up after 94.57 (smaller TF possible play), or 95.15/96.00 (bigger TF play). If it indeed plays out, it would indeed match very well with your system analysis Spud
  • #409,343
  • Feb 19, 2015 5:26am Feb 19, 2015 5:26am
Quoting elbert3
{quote} {image} not to sure on the points to much crap on the chart,, morning,,
Morning Elbert (evening here). Just finished my visiting for CNY for the day.
Thanks for your chart The pattern I see developing on MN tho, buy order to be placed around .3760 tho I am greedy and will start loading small ones @ .4000 already if we get there unless US has really good data and really hawkish fed then I will reconsider and add long term trades from lower

Am still waiting for the confluence of pattern to appear on the smaller TF, will update when see them.
  • #409,344
  • Feb 19, 2015 5:27am Feb 19, 2015 5:27am
Quoting maryanne
{quote} agreed! Time is the most important factor indeed! Thats why i say only time will tell :d spuddy, do u trade long term or short term, or swing trader tho? Hang on, i have yet to impose the pattern over the fan/arc to see what results i get. Ps: Dollar index is forming bullish butterfly on a few time frames already, saying there should be a fall before next leg up after 94.57 (smaller tf possible play), or 95.15/96.00 (bigger tf play). If it indeed plays out, it would indeed match very well with your system analysis spud
spud will swing either way ,,lol is that right mate ,,lol
  • #409,345
  • Feb 19, 2015 5:28am Feb 19, 2015 5:28am
Quoting Spudforex
Sell confirmed SPUD time to ride that wave once again ..
what makes you say so?

WHAT IS YOUR TARGET?
  • #409,346
  • Feb 19, 2015 5:31am Feb 19, 2015 5:31am
Quoting elbert3
{quote} spud will swing either way ,,lol is that right mate ,,lol
Ur a funny guy Elbert .. lol
Not all Film Producers do you know

But Directors well thats a totally different matter . .. lol
  • #409,347
  • Feb 19, 2015 5:31am Feb 19, 2015 5:31am
Quoting elbert3
{quote} 1.82 i posted late on and the other week,, would be good ,,regards
Nice foresight, elbert.

The guys saying this number is unrealistic are the probably the same ones that think every big move is unrealistic, yet big moves happen every year. They're in the same group that laughed at me when I called 110 in USDJPY all the way back in 2012. They do not realize that when a currency looks at its most vulnerable, it is usually at a major turning point. I'm sure when GBPUSD is at 1.9000 again all we'll read about is how the USD is crumbling (OMG, its going to crash!!) or about how strong the pound is going forward. And at about that time it will be ripe for going short.
  • #409,348
  • Feb 19, 2015 5:31am Feb 19, 2015 5:31am
Quoting Bones
I'm looking at this wedge situ ,and thinking we could see pullback to broken falling tl ,id be a little surprise to not see a reaction to consolidate zone above ,any higher monthly close wed go to moon {image} {image}
Bones, I am glad we are in agreement. I too expected a "test" of the broken TL remember? That has always been the norm for this pair, so it would be indeed strange if it didnt happen.

Quoting Bones
powerful pattern as is but I'm thinking short ,it will close bullish some form ,probably over 50% which is piercing line off range low wait for price {image} {image}
Great! Thanks for sharing your charts. Btw how do u make all those annotations? U use photoshop? I cant find it in my mt4 software, help... lol i wanna draw lines and comments etc.
  • #409,349
  • Feb 19, 2015 5:31am Feb 19, 2015 5:31am
Quoting maryanne
{quote} morning elbert :d (evening here). Just finished my visiting for cny for the day. Thanks for your chart The pattern i see developing on mn tho, buy order to be placed around .3760 tho i am greedy and will start loading small ones @ .4000 already if we get there unless us has really good data and really hawkish fed then i will reconsider and add long term trades from lower am still waiting for the confluence of pattern to appear on the smaller tf, will update when see them.
the 4 hour now has a large inverted hammer as support and a small hammer on top,
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  • #409,350
  • Feb 19, 2015 5:32am Feb 19, 2015 5:32am
Quoting Spudforex
{quote} Ur a funny guy Elbert .. lol Not all Film Producers do you know But Directors well thats a totally different matter . .. lol
I KNOW YOU LIKE THE JOKES,, SOME CANT TAKE THEM,,, WHERES THAT GC GONE,,MMMM
  • #409,351
  • Feb 19, 2015 5:34am Feb 19, 2015 5:34am
Quoting elbert3
{quote} I KNOW YOU LIKE THE JOKES,, SOME CANT TAKE THEM,,, WHERES THAT GC GONE,,MMMM
Been around the world too many times not to take em E..
  • #409,352
  • Feb 19, 2015 5:36am Feb 19, 2015 5:36am
Quoting elbert3
{quote} the 4 hour now has a large inverted hammer as support and a small hammer on top, {image}
Elbert I forgot to ask. Why are there malay/indonesian words on your screen always? you speak that language too? Also, how do u draw the x on your chart. U use photo editor? I been searching on my mt4 platform and theres no option to draw those hmmm.
  • #409,353
  • Feb 19, 2015 5:37am Feb 19, 2015 5:37am
Quoting Zappa
{quote} Nice foresight, elbert. The guys saying this number is unrealistic are the probably the same ones that think every big move is unrealistic, yet big moves happen every year. They're in the same group that laughed at me when I called 110 in USDJPY all the way back in 2012. They do not realize that when a currency looks at its most vulnerable, it is usually at a major turning point. I'm sure when GBPUSD is at 1.9000 again all we'll read about is how the USD is crumbling (OMG, its going to crash!!) or about how strong the pound is going forward....
YOU KNOW TOO ITS A BIG,, FU,,K OFF GAME, IN THIS CASE THE WORD IS MIGHTIER THAN THE PEN OR SWORD ,,?? AS SOON AS THERE SAY LETS GO 1% THE BOOM,, AS SOON AS THEY SAY DEFLATION,,OIL GOING 20 DOLLARS A BARREL THEN DOOM,, Regards B
  • #409,354
  • Feb 19, 2015 5:41am Feb 19, 2015 5:41am
Quoting MaryAnne
{quote} Elbert I forgot to ask. Why are there malay/indonesian words on your screen always? you speak that language too? Also, how do u draw the x on your chart. U use photo editor? I been searching on my mt4 platform and theres no option to draw those hmmm.
no i am english the words are an indicator,, i dont really use it much especially on lower tc ,, but if you look back,,always easy,,, there have been a good result ,, but and you might like this one,, on the monthly you see the arrow,, go back in dec i posted gbaud to go to 2020 are ,, because of the arrow on that chart,, now wouldn't that be interesting if the same was to happen to gbusd i will post the aud chart this is one i traded off 2 breakouts
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  • #409,355
  • Feb 19, 2015 5:50am Feb 19, 2015 5:50am
Quoting giveachance
{quote} 1.48 is also posible. But right now 1.52
what makes you say so?
  • #409,356
  • Feb 19, 2015 5:54am Feb 19, 2015 5:54am
Quoting MaryAnne
Hi guys, I'm back! {quote} Hello just looked at monthly and seems a gartley bearish signal just appeared on that TF (tho not yet on all others). Tbh, for the pattern to play out GBP should fall to around 1.4 before the next huge rise up to 1.70/1.80/1.98 (3 possible targets on long term). Just saying u are not wrong. It should indeed rise, but the price looks like it should head lower later for us to load monster longs as long term trades. After election anxiety, I will be looking for longs possibly Right now waiting for the same pattern...

could you draw a chart and show us the gartley bearish you are talking about?
  • #409,357
  • Feb 19, 2015 5:55am Feb 19, 2015 5:55am
Quoting elbert3
{quote} no i am english the words are an indicator,, i dont really use it much especially on lower tc ,, but if you look back,,always easy,,, there have been a good result ,, but and you might like this one,, on the monthly you see the arrow,, go back in dec i posted gbaud to go to 2020 are ,, because of the arrow on that chart,, now wouldn't that be interesting if the same was to happen to gbusd i will post the aud chart this is one i traded off 2 breakouts{image}]{image} ,
Very interesting chart there elbert. And yea I do understand the language, its saying theres an empty hole? direction changing and to take profit. and wow, this indicator does not repaint? the ones I experimented with did the arrow would jus vanish when it was "wrong" lmao.

And yes, Thats why I am puzzled with the GU little bull rising non stop because other GBP pairs suggesting there should be a turn soon on GBPNZD, GBPAUD, GBPJPY. maybe even EURGBP will give us better entries soon for shorting lol. imo the closing candle of this month will be crucial clues whether its a dead cat bounce or indeed trend change occurred.
  • #409,358
  • Feb 19, 2015 6:04am Feb 19, 2015 6:04am
Quoting danndc
{quote} could you draw a chart and show us the gartley bearish you are talking about?
pattern not confirmed since it never appeared yet in smaller TF, only in MN. So pretty pointless. Still waiting for it to appear in smaller TF then will show. for now, its still trying to define itself and may be overwritten anytime by new emerging patterns.

some other guys have done harmonics and showing many possibilities btw last week in other sites u should google and compare.

http://forextradingprocess.com/forex...w-feb-19-2015/ he posted last week too about possible patterns. these are smaller TF tho

ps: mr scott and pedro319 have nice harmonics pattern they always share here, u should look for their posts. pedro chances a short @ .5450 says rewards are worth it tho idk where his tp is.
  • #409,359
  • Feb 19, 2015 6:09am Feb 19, 2015 6:09am
Quoting Idkurv
Long gj at 183.2, tp 183.8 - 184.2
Tp hit at 183.9
  • #409,360
  • Feb 19, 2015 6:13am Feb 19, 2015 6:13am
Quoting Idkurv
{quote} Tp hit at 183.9
well done my friend
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