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Cable Update (GBPUSD)

  • #412,081
  • Mar 21, 2015 8:25am Mar 21, 2015 8:25am
I admit I never new that ,I looked and every April in this range is blue ,

Quoting Mr. Scott
{quote} So we can talk on weekend, as have time. I posted these on Dragon Riders Thread as he is good man. Strong enough? I plan to go through crosses.....They can be in the right place and with the trend... You know April is truly the cruelest month? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,082
  • Mar 21, 2015 8:30am Mar 21, 2015 8:30am
Quoting Bones
I admit I never new that ,I looked and every April in this range is blue , {quote} {image}
Brilliant.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #412,083
  • Mar 21, 2015 8:30am Mar 21, 2015 8:30am
Quoting Mr. Scott
{quote} Hey buddy, Sorry, I speak in riddles sometimes? APRIL is the cruellest month, breeding Lilacs out of the dead land, mixing Memory and desire, stirring Dull roots with spring rain. Winter kept us warm, covering Earth in forgetful snow, feeding I refer to monthly candle.
Oh, you are a poet too Well, maybe you are right and the pound will eventually rise again. Technically, it is at a strong support. Bullish engulfing candle on daily chart also gives the bulls faith.
Fix up, trade sharp ...
  • #412,084
  • Mar 21, 2015 8:41am Mar 21, 2015 8:41am
gotta mean something

Quoting Mr. Scott
{quote} Brilliant.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #412,085
  • Mar 21, 2015 1:43pm Mar 21, 2015 1:43pm
Quoting Alorente
{quote} Im sure you have noticed that the market in the end, rarely acts according to the factual news. Sometimes it even moves in an opposite direction to the news and you end up scratching your head... I firmly believe there are inherent forces in the markets that move in waves or cycles. My job is to find these forces reflected in the charts and contrast them with similar or opposite forces in many other charts of different pairs and even different markets. Sometimes I end up with over a dozen different charts that point in the same direction...
Yes, I did notice such a paradox in FOREX, sometimes u expect that certain news will push a pair up and u ultimately realize that the market reacted oppositely, this is usually called negative beta factors and is apparant in USDJPY sometimes.

As for cross correlation between pairs, I find your analysis fascinating because of its evidence in real markets, u are right, there are two reasons for GBPUSD to move up for example,either the GBP is strong or the USD is weak and to correlate with various other pairs is a sound proof of the underlying reason. If that is what u meant by technicals then I totally agree.

GL,
Cheers
  • #412,086
  • Edited 5:17pm Mar 21, 2015 3:28pm | Edited 5:17pm
Market don't make opposite in news. Market have tempo, and movement can start before news. Sometimes is partial movement, other times finished before news ( and that opposite movemente is next news movement ) and others times have a delay. Really market is a constant surfing. You try next wave dont catch you...
Try don't lose pants never...
  • #412,087
  • Mar 21, 2015 11:23pm Mar 21, 2015 11:23pm
Quoting digger1
{quote} Whoa the moon lol, patience my friend, a nice bounce perhaps but it has some work to do for the moon , lets at least claim the next level then work on another etc etc . If it can get a few levels then maybe it can glimpse the moon again. Atm a second inside day on the daily stuck in the lower level. Sometimes these can peter out to nothing, with gbp there is apt to be a good false break one way or the other tho. Monthly chart the 50% mark of the trading range it has been in since start of 2009, which appears to have been used for decent...
I appreciate the sentiment. I'm young and inexperienced and I tend to get too excited about this stuff
  • #412,088
  • Mar 22, 2015 2:01am Mar 22, 2015 2:01am
I've noticed the Fibs representing good support/resistance levels.

I get the feeling we could retest 5230 area next
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly2.png Size: 33 KB
Come with me if you want to live....
  • #412,089
  • Mar 22, 2015 5:15pm Mar 22, 2015 5:15pm
Quoting cwell55
When you pull fib from the 6th to the 3rd of feb you'll see that price held at that 618 so make price prove its self me i got a buy waiting at 517
i think you mean march 13 feb 3 and you right it is holding the 618
  • #412,090
  • Mar 22, 2015 8:58pm Mar 22, 2015 8:58pm
week would be bullish..
  • #412,091
  • Mar 22, 2015 10:33pm Mar 22, 2015 10:33pm
Not a big fan of Mondays as liquidity can be lacking , but I am leaving a few long orders in the lower part of the circle on chart posted , A few things there that could entice some buying if and when it gets there , thick line is last weeks pivot , same as Fridays midpoint. The 1 and 2 day ema average is in that area along with the 10 day ema (yellow average) stochs above the 50 line but expecting that to go back to the 50 and turn up. If filled- will take some profit around 1.50, area of previous highs, (not spike high) will tgt last weeks high 1.5150 60 area with whats left which is also in the area of the 4 hour 200 ema. Small posistions for me as I wont be around cp, good luck all .
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  • #412,092
  • Mar 22, 2015 11:24pm Mar 22, 2015 11:24pm
This is not a signal nor a suggestion to buy or sell a market instrument.
This is only a Level Analysis I made in purpose of study.
Hope it helps'

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  • #412,093
  • Mar 23, 2015 1:41am Mar 23, 2015 1:41am
Quoting _BBKing_
{quote} just loaded long SL 9100 TP open (thinking somewhere between 2.0 and 5.0 LOL) small size tho, will add on the way up if plays out

you don't get almost 1000pips in a week without giving back 150
90% of traders use TA, indicators and prediction
  • #412,094
  • Mar 23, 2015 2:14am Mar 23, 2015 2:14am
Morning 4850 4775 if this 4891 fails , back soon
  • #412,095
  • Mar 23, 2015 2:20am Mar 23, 2015 2:20am
Quoting _BBKing_
{quote} you don't get almost 1000pips in a week without giving back 150
lol,,

Right you are there BB

Come with me if you want to live....
  • #412,096
  • Mar 23, 2015 2:49am Mar 23, 2015 2:49am
I get the feeling that lower TL is going to have to break otherwise my shorts opened a couple of hrs ago are going to be KAPUT
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 29 KB
Come with me if you want to live....
  • #412,097
  • Mar 23, 2015 3:05am Mar 23, 2015 3:05am
I expect 1.47 to be revisited. Maybe during the day too. Short from 1.4980 & 1.4960 with stops @1.4920. Will reload if a visit @1.49 occurs.
  • #412,098
  • Mar 23, 2015 3:14am Mar 23, 2015 3:14am
Quoting Ill-b-back
I get the feeling that lower TL is going to have to break otherwise my shorts opened a couple of hrs ago are going to be KAPUT {image}
weekly long wick did not negate the continuation of trend?
  • #412,099
  • Mar 23, 2015 3:31am Mar 23, 2015 3:31am
Quoting Dr.Zain
{quote} weekly long wick did not negate the continuation of trend?
Last weeks longest wick is the top wick off the resistance/TL retest.

I don't feel it's unreasonable to think we can reach the bottom of this range at the 76.4 fib considering the fed is no longer printing (as it was at the 2013 lows) and interest rate chatter is increasing. Europe is also now engaged in QE with negative interest rates causing the largest mass exodus of funds out of the Union in its history, and those funds have to go some where.

Having said that, I am not a fundy trader, but I do keep the macro picture in my mind when looking at the techs, support/resistance, trend and weekly candlesticks to help me with directional bias.

Hope this helps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 27 KB
Click to Enlarge Name: GBPUSDWeekly5.png Size: 39 KB
Come with me if you want to live....
  • #412,100
  • Mar 23, 2015 4:12am Mar 23, 2015 4:12am
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