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Cable Update (GBPUSD)

  • #205,661
  • Mar 12, 2010 1:36pm Mar 12, 2010 1:36pm
Quoting wormboy
okay. you sure picked an awkward spot to long. But, whatever works for you

Bounced off 5120 support and shot off straight to resistance. Easy trade if anyone bought that dip. Doubt we'll see past 6200. Don't matter if it didn't tho, would be good for my longs as well
Damn Wormie...6200...You were anticipating a huge day...I wish I had your optimism I only called for 5207...lol. Just playing with you Azim, I am sure you meant 5200
  • #205,662
  • Mar 12, 2010 1:49pm Mar 12, 2010 1:49pm
Quoting No Stress
We met support at 12.5% whole move, rally at resistance last top level. Wait.
No Stress,

That was my target I called many hours ago to exit trades, not enter. I was under the true by about 10 pips.
  • #205,663
  • Mar 12, 2010 2:00pm Mar 12, 2010 2:00pm
Quoting dami32
Having 6 years of chart analyzation and trading has taught me many things. One of those things are those most pairs move in tandem.. they usually rise and fall around the same time,,, maybe a few days apart to catch up.... Look across the board... All GBP pairs such as GBP/ChF, GBP/NZD, GBP/JPY are all headed up... Also note that the pin bars on the weekly chart on GBP/usd are piercing the bolinger band indicating a reversal to the upside. Bolinger bands has made me tens of thousands of dollars in this business. Just my two cents.
What settings do you use on the bands??
  • #205,664
  • Mar 12, 2010 2:16pm Mar 12, 2010 2:16pm
Quoting Ctic
No Stress,

That was my target I called many hours ago to exit trades, not enter. I was under the true by about 10 pips.
Sorry, I thought you are short.
No Signal, No Trade. No fundamenals, No headache.
  • #205,665
  • Mar 12, 2010 2:18pm Mar 12, 2010 2:18pm
Quoting No Stress
Sorry, I thought you are short.
No, not me..only taking short scalps when opportunity presents itself...I have been one of the people promoting long action for a couple weeks now.
  • #205,666
  • Mar 12, 2010 2:31pm Mar 12, 2010 2:31pm
we miss u wise man come back soon
  • #205,667
  • Mar 12, 2010 2:36pm Mar 12, 2010 2:36pm
i know its early but if we dont break 15245 and we close below we are going south thats what i see could be wrong
  • #205,668
  • Mar 12, 2010 2:42pm Mar 12, 2010 2:42pm
Quoting kill56
i know its early but if we dont break 15245 and we close below we are going south thats what i see could be wrong
The peak did reach old top by only 22 pips. That's one of the reason I went short.
No Signal, No Trade. No fundamenals, No headache.
  • #205,669
  • Mar 12, 2010 2:46pm Mar 12, 2010 2:46pm
not sure where this is going..but one of these is likely..
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  • #205,670
  • Mar 12, 2010 2:58pm Mar 12, 2010 2:58pm
well look at the h4 with the pin lets wait and see where we close
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  • #205,671
  • Mar 12, 2010 5:31pm Mar 12, 2010 5:31pm
Quoting kill56
man read this in the weekend
Nice set of tips
  • #205,672
  • Mar 12, 2010 5:47pm Mar 12, 2010 5:47pm
Still currently Long on the Cable from 1.5014. I have taken 1st profits out @ 1.5195. I will be holding the remainder of my position for higher levels.
Hope everyone has a good weekend.
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  • #205,673
  • Mar 13, 2010 1:37am Mar 13, 2010 1:37am
from Citibank:

GBP/USD

Bank of England’s survey showed that the U.K. inflation
expectation surged further, which support the pound.


As the GBP/USD gave away the 1.4986 resistance, the pair may climb to 1.5345 in the short term. Support may be at 1.4780

Bullish


Forecast 1.5500 Sup 1.4780 Res 1.5345
  • #205,674
  • Mar 13, 2010 2:10am Mar 13, 2010 2:10am
look
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  • #205,675
  • Mar 13, 2010 2:16am Mar 13, 2010 2:16am
look at this
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  • #205,676
  • Mar 13, 2010 2:18am Mar 13, 2010 2:18am
weekly
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  • #205,677
  • Mar 13, 2010 2:21am Mar 13, 2010 2:21am
monthly
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  • #205,678
  • Mar 13, 2010 3:21am Mar 13, 2010 3:21am
I have held a long at 1.53 for a while now.

Next week i will be looking to add on dips to 1.50-1.507 area

If it breaks out at 1.52-53 possible targets will be 1.55, 1.58, 1.60, 1.62


I will only rethink on a close below 1.4950
Some drink at the fountain of knowledge. Others just gargle !
  • #205,679
  • Mar 13, 2010 3:32am Mar 13, 2010 3:32am
..
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  • #205,680
  • Edited 3:50am Mar 13, 2010 3:35am | Edited 3:50am
Hi Privet,

Thx a lot for DETAIL Chart Pattern...

My Prediction for This WEEK :
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Always looking the GREAT, never left GOOD Point...
1,206 traders viewing now, 2 are registered:
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Xujan