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Cable Update (GBPUSD)

  • #424,141
  • Feb 15, 2016 8:33am Feb 15, 2016 8:33am
Ive done my homework ,doji cross I know is powerful ,ive looked to other examples on this chart ,
and now I see day 1 ,not touch eur long no matter who's speech is up next ,
in my opinion and based on past such candles ,it could only go to the top maybe just past in all probability ,its something of a problem for bulls medium term

Quoting Bones
if you take the eur with a doji cross , doji cross is a more powerful type of doji all single candles require confirm ,best to think its going to in this case {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: EURLFXWeekly doji cross 2.png Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,142
  • Feb 15, 2016 8:43am Feb 15, 2016 8:43am
Quoting Bones
Ive done my homework ,doji cross I know is powerful ,ive looked to other examples on this chart , and now I see day 1 ,not touch eur long no matter who's speech is up next , in my opinion and based on past such candles ,it could only go to the top maybe just past in all probability ,its something of a problem for bulls medium term {quote} {image}
From what i understand, Bones, you are not taking into account fundamentals?
  • #424,143
  • Feb 15, 2016 8:45am Feb 15, 2016 8:45am
your right ,you don't have too ,unless you have a super duper mind

Quoting nick.m
{quote} From what i understand, Bones, you are not taking into account fundamentals?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,144
  • Feb 15, 2016 8:50am Feb 15, 2016 8:50am
Well, I am going to sleep... I don't think I will miss much. Not likely the EU or GU will rally strongly until tomorrow. I'm looking to play either long once they end their short term downtrends. The lack of capitulation in the GU is worrisome. EU looks like it's starting to capitulate with this mini-crash here.
"Don't fear a bubble until it starts to burst."
  • #424,145
  • Feb 15, 2016 8:52am Feb 15, 2016 8:52am
Quoting Bones
your right ,you don't have too ,unless you have a super duper mind {quote}
Judging by your charts that you have shared with us today, you a have decent view on the market over the long run, but does that help you in the short term? What i'm pointing is that to me you seem to hold your positions for an extended period of time, and if so, the fundamentals aren't so important, indeed.
  • #424,146
  • Feb 15, 2016 8:57am Feb 15, 2016 8:57am
Quoting meanvel
Well, I am going to sleep... I don't think I will miss much. Not likely the EU or GU will rally strongly until tomorrow. I'm looking to play either long once they end their short term downtrends. The lack of capitulation in the GU is worrisome. EU looks like it's starting to capitulate with this mini-crash here.
As you have pointed earlier in a chart (symmetrical triangle), the GU is stuck in a sector, wich should break this week, in my opinion, towards 1.47. Cheers.
  • #424,147
  • Feb 15, 2016 8:58am Feb 15, 2016 8:58am
Quoting Bones
your right ,you don't have too ,unless you have a super duper mind {quote}
Fundamentals just act like a mile long elastic spring... Barely forcing price toward themselves because of the few people that trade off fundamentals.

More important to fundamentals in the EUR/USD is Mario... His speeches and QE programs have more effect upon the euro than any traditional fundamentals.
"Don't fear a bubble until it starts to burst."
  • #424,148
  • Feb 15, 2016 9:04am Feb 15, 2016 9:04am
you can't second guess fundamentals as an individual ,
short term /long term it dosent matter ,be assured there teams doing it ,I don't know why ,the chart always knows ,even a tweet re opec

Quoting nick.m
{quote} Judging by your charts that you have shared with us today, you a have decent view on the market over the long run, but does that help you in the short term? What i'm pointing is that to me you seem to hold your positions for an extended period of time, and if so, the fundamentals aren't so important, indeed.
Attached Image (click to enlarge)
Click to Enlarge Name: CAD 2 min (DFB).png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,149
  • Feb 15, 2016 9:20am Feb 15, 2016 9:20am
Run Forrest Run
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 197 KB
  • #424,150
  • Feb 15, 2016 9:27am Feb 15, 2016 9:27am
hey dean
I'm delighted to make your acquaintance

Quoting dean1star
{quote} Your charts always look cool there Tony ..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,151
  • Feb 15, 2016 9:38am Feb 15, 2016 9:38am
I'm sticking with last week =consolidation ,for the mo


Quoting Bones
what we have is a bullish weekly with upper wick ,confirmation 2 x doji until that fails thats how I would view upper wick could be the problem ,I can show recent example I remember eu , {image} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD (DFB).png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #424,152
  • Feb 15, 2016 10:07am Feb 15, 2016 10:07am
Quoting Bones
I'm sticking with last week =consolidation ,for the mo {quote} {image}
yeah I agree, as long as it doesn't close under 1.43 or above 1.46.
Luck shines on the positive.
  • #424,153
  • Feb 15, 2016 10:23am Feb 15, 2016 10:23am
took several positions @ 1.44/1.45, projected to long till 1.47800... holding still
  • #424,154
  • Feb 15, 2016 11:41am Feb 15, 2016 11:41am
Might go long at around 1.4410 - 00 if it gets back down there, will hold until about 1.4500
  • #424,155
  • Feb 15, 2016 12:33pm Feb 15, 2016 12:33pm
H4 view
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 42 KB
persistence and determination alone are omnipotent
  • #424,156
  • Feb 15, 2016 1:12pm Feb 15, 2016 1:12pm
Short for now.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 207 KB
  • #424,157
  • Feb 15, 2016 1:52pm Feb 15, 2016 1:52pm
Quoting attilafx
Short for now. {image}
cable a real mess staying out but continuation seems logical
UJ looks poised to take out 115 very soon probably the japs
will do it tonight.
rat
  • #424,158
  • Feb 15, 2016 3:55pm Feb 15, 2016 3:55pm
waiting for lower then placing a buy on pound dollar
euro bought at 111 500
  • #424,159
  • Feb 15, 2016 4:52pm Feb 15, 2016 4:52pm
Heavy week for GBP in terms of data.

Tuesday, Feb 16th,2016 @ 9:30am – GBP – CPI y/y, PPI Input m/m
Wednesday, Feb 17th,2016 @ 9:30am – GBP – Average Earnings index 3m/y
Friday, Feb 19th,2016 @ 9:30am – GBP – Retail Sales m/m

I would watch out for Average earnings on Wed. Markets are looking at this data like crazy these days.
I say any deviations can be very volatile for GBPUSD.
Trend has been - lower than expectation every time for the last 5 months
If this comes out at 2.1% GBP will rally, decline lower than 1.8% will send GBP much lower.

I wrote full Weekly Forex Risk Calendar. Week 7, 2016
Hope will be some help to all traders
HumbleTraders
  • #424,160
  • Feb 15, 2016 7:44pm Feb 15, 2016 7:44pm
Yep, if anything triggers it to break through support levels just below like the CPI data tonight, the GU could collapse right back down. Daily downtrend is starting to confirm.

Attached Image (click to enlarge)
Click to Enlarge Name: carefulBulls.png Size: 14 KB
"Don't fear a bubble until it starts to burst."
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