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Cable Update (GBPUSD)

  • #419,101
  • Sep 4, 2015 10:44am Sep 4, 2015 10:44am
Quoting elbert3
{quote} get back into the tl we have a chance ,, at this time i would not know which way a lift was going if i had 2 guesses ??,, lets get ready for 5678 ,,,,please
Still hanging on long ... Betty is in a make or break situation ... will she survive? This and more in "Crazy Forex" on monday!
Fix up, trade sharp ...
  • #419,102
  • Sep 4, 2015 11:35am Sep 4, 2015 11:35am
Well I am awaiting confirmation, but I think next week will be up. I am seeing signs of reversal, likely targetting 1.55 area. GL all!
  • #419,103
  • Sep 4, 2015 11:40am Sep 4, 2015 11:40am
surely we will see some kind of correction
  • #419,104
  • Sep 4, 2015 11:57am Sep 4, 2015 11:57am
right, but I am saying I suspect it will be from this current support level that we already seem to be moving away from. wait and see if trend changes on time frames m5 and m15 for now, then reassess is my plan.
  • #419,105
  • Sep 4, 2015 11:58am Sep 4, 2015 11:58am
Quoting bladerogers
right, but I am saying I suspect it will be from this current support level that we already seem to be moving away from.
yeah that 4 hour candle lookin to reverse
  • #419,106
  • Sep 4, 2015 2:01pm Sep 4, 2015 2:01pm
Quoting shay14
{quote} yeah that 4 hour candle lookin to reverse
not confident in my candle reading ability, but I see divergence on the 4h and a trend channel bottom on the daily and weekly. Just need to see a little more confluence and the lower time frame reversals will do that for me.
  • #419,107
  • Sep 4, 2015 4:34pm Sep 4, 2015 4:34pm
Quoting shay14
surely we will see some kind of correction
There is always a correction some where lol, It is much cheaper to let let some one elses money show you where . Cable had a nice run up last quarter, this quarter not so much , spent a good deal of time bouncing between the quarterly open and the pivot poked thru the yearly average (yellow) couldnt quite get to the 200 average Red, couldnt sustain anything above the open , weekly close below the pivot last week kinda started the train moving . I use camarilla pivots you get a close below L3 they have a decent percentage rate of making it too the L4 level . If and when it gets there then the quarterly S1 would be a tgt for me , beyond that Last quarters low would be looking good. Really looking for L4 before much of a bounce . If elbert 3 spends enough money to get this turned around then a bounce to L3 and the pivot and back to where it started would be my tgts. Been a great week , holiday in the states, time for a few refreshments, weekend every where else traders enjoy your selfs . Cheers all.
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  • #419,108
  • Sep 4, 2015 7:09pm Sep 4, 2015 7:09pm
Channels busting, busting everywhere

Where is she going??

What shall we do??

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Come with me if you want to live....
  • #419,109
  • Sep 4, 2015 8:04pm Sep 4, 2015 8:04pm
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  • #419,110
  • Sep 4, 2015 8:18pm Sep 4, 2015 8:18pm
this past bear move has been good for a lot of us but I'm not going to touch it again until 1.4958. That is the 127.2 extension of a bullish butterfly which began with June 1st's low of 1.5179.

If it breaks support here though I may sell Down into my buy orders...
  • #419,111
  • Sep 5, 2015 5:54am Sep 5, 2015 5:54am
Quoting digger1
{quote}There is always a correction some where lol, It is much cheaper to let let some one elses money show you where . Cable had a nice run up last quarter, this quarter not so much , spent a good deal of time bouncing between the quarterly open and the pivot poked thru the yearly average (yellow) couldnt quite get to the 200 average Red, couldnt sustain anything above the open , weekly close below the pivot last week kinda started the train moving . I use camarilla pivots you get a close below L3 they have a decent percentage rate of making...
Lol wont be putting in annnnny more, this was last sundays plan,, why ​did i go against my plan ???? one big Barclays banker ,,
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now what do we have
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closed on db,, 1, will it burst through with a gap to any of the fibs, 2, carry on , to the next tl, break then god knows where you can see the ext ?? is cable worth that little ??? bounce then new tl to the top is 5645 , the picture in my box?
  • #419,112
  • Sep 5, 2015 9:22am Sep 5, 2015 9:22am
Quoting elbert3
{quote} Lol wont be putting in annnnny more, this was last sundays plan,, why ​did i go against my plan ???? one big Barclays banker ,,{image} now what do we have {image} closed on db,, 1, will it burst through with a gap to any of the fibs, 2, carry on , to the next tl, break then god knows where you can see the ext ?? is cable worth that little ??? bounce then new tl to the top is 5645 , the picture in my box?
I remember mi amigo, long US weekend, let us see. That plan was a couple bags of sand. Enjoy!

They are there....Also eyes on GJ.

http://www.forexfactory.com/showthre...58#post8474258
The world you desire can be won. It exists.. it is real.. it is possible..
  • #419,113
  • Sep 5, 2015 10:03am Sep 5, 2015 10:03am
My personal view NO hike in Sept.USD losses to all majors. Corrections after the Sept Feds meeting.
You can tell from PA that big boys are not selling USD yet.

The economy added 173,000 jobs in August. While it was a decent gain in jobs for the month, the number was below economists' expectations and is likely to muddy the picture for the Federal Reserve's historic decision to raise its key interest rate in two weeks.
Economists surveyed by CNNMoney projected that the economy would add 207,000 jobs.
Wages grew 2.2% in August, about in line with expectations but well below the Federal Reserve's 3.5% target.
Wage growth has been missing during the U.S. economic recovery from the recession, and it's also a key measure of inflation -- something that's been absent and that the Fed badly wants to see.
Overall the job numbers in August add more uncertainty surrounding a potential rate hike from the Federal Reserve in two weeks. Fed officials have said they wanted to see key economic data like the jobs report before deciding on a rate hike. Although the U.S. economy has been good, this report is not a resounding victory for the American economy.

What is missing from 5.1 rate is how many Americans are out of labor force basically stopped looking for job or can't find one.
about 90 million.
What I think is happening is an artifact of the way that unemployment is measured. In the standard measure, the U3 measure, you must be in receipt of unemployment insurance in order to be counted as unemployed. And in the US this usually stops at 26 weeks of unemployment thus the ART of Counting begins or political spin continues.
Basically once your 26 weeks ends up you seize to exit as statistic of jobless.
In trading, you have to be defensive and aggressive at the same time
  • #419,114
  • Sep 5, 2015 11:35am Sep 5, 2015 11:35am
Quoting elbert3
{quote} Lol wont be putting in annnnny more, this was last sundays plan,, why ​did i go against my plan ???? one big Barclays banker ,,{image} now what do we have {image} closed on db,, 1, will it burst through with a gap to any of the fibs, 2, carry on , to the next tl, break then god knows where you can see the ext ?? is cable worth that little ??? bounce then new tl to the top is 5645 , the picture in my box?
Lol, isint there a saying or phrase like " even the best laid plans yada yada" ha . What ever my plan was last Sunday they morphed into sell sell sell. I was hoping you would get this turned tho I have one little long left from when the gbp popped out of my daily channel back in April , was hoping it would be saved, I had such high hopes for it for the year . Looks like if there is any kind of gap over the weekend stps will be hit and it will be toast. Anyhow ,carry on my friend hope your having a great weekend.
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  • #419,115
  • Sep 5, 2015 11:35am Sep 5, 2015 11:35am
Quoting Mr. Scott
{quote} I remember mi amigo, long US weekend, let us see. That plan was a couple bags of sand. Enjoy! They are there....Also eyes on GJ. http://www.forexfactory.com/showthre...58#post8474258
Hi Sir, watching gj, as it came off the 61% i think i posted this weeks ago, i think it is soon to end , be good but if your bad dont get caught ?? lol Regards B
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  • #419,116
  • Sep 5, 2015 11:37am Sep 5, 2015 11:37am
Quoting elbert3
{quote} Hi Sir, watching gj, as it came off the 61% i think i posted this weeks ago, i think it is soon to end , be good but if your bad dont get caught ?? lol Regards B{image}
so getting bored on a Saturday?
Intraday only.
  • #419,117
  • Sep 5, 2015 11:45am Sep 5, 2015 11:45am
Quoting elbert3
{quote} Hi Sir, watching gj, as it came off the 61% i think i posted this weeks ago, i think it is soon to end , be good but if your bad dont get caught ?? lol Regards B{image}
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Complex, sitting db and on 23% ??? but the last move it is between 50/61% so one would think its going 61% 5050 this is where i would hope to see the bounce to 6450,, as i posted weeks ago it was a toss up 6450 or 5170, we have seen 5170 ?? hence the planed chart at 50/50, just went the wrong way ,depending on your trade,
  • #419,118
  • Sep 5, 2015 11:47am Sep 5, 2015 11:47am
Quoting navk
{quote} so getting bored on a Saturday?
Hi Navk,, no i like to over look the week, waiting to go out for dinner and guess why i m waiting ??? your a man so it should not be soooo hard,, gl buddy how was your week,, Regards B
  • #419,119
  • Sep 5, 2015 11:48am Sep 5, 2015 11:48am
o the boss has showed ,, see your guys later ,,
  • #419,120
  • Sep 5, 2015 11:50am Sep 5, 2015 11:50am
Quoting elbert3
{quote} Hi Navk,, no i like to over look the week, waiting to go out for dinner and guess why i m waiting ??? your a man so it should not be soooo hard,, gl buddy how was your week,, Regards B
Good luck, have fun.
Intraday only.
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