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Cable Update (GBPUSD)

  • #273,181
  • Mar 1, 2011 4:06am Mar 1, 2011 4:06am
Quoting maurofx
I would have loved to take a trde from there LOL!!!. So...1.7... 2009 highs... We'll see...
Hope you still have your longs from 4350 area
yea .. I remembered back then there were so many who were calling for the death of the pound
I don't have my longs from 4300 level anymore, I cashed in @1.49xx, didn't have the nerves to hold it to 1000 pips which is too bad really lol
But, the long term target remains the same

Quoting redbeben
if it goes like you say i will earn more in the office
yupyyyyyyyyyyy

I still belive in a retrace before that anyway
don't worry it'll get to 1.7. Question is do you have the nerves to hold it till then?
Thank You
  • #273,182
  • Mar 1, 2011 4:07am Mar 1, 2011 4:07am
Quoting _BBKing_
very good!
cheers mate

right, catch you all at ny session. good luck to everyone!
Thank You
  • #273,183
  • Mar 1, 2011 4:11am Mar 1, 2011 4:11am
$ is weakining right now on M30...set up in a nice Horizontal channel, a break of that is what is needed to get GU up past 1.6330. IMO
Attached Image (click to enlarge)
Click to Enlarge Name: usdx 1 mar.jpg Size: 120 KB
  • #273,184
  • Mar 1, 2011 4:12am Mar 1, 2011 4:12am
Patience...this is going to be a veeeeery long trading week. Lots of info coming out, not only for GBP, but for USD too.
I think we're done now, at least until USA boys open, but I'm not seeing 6230 in the cards. In fact, I think there we ain't gonna trade below 6250 for a good time.
I'm gonna see a chapter of 2 and a half man to relax a little, good trades!
  • #273,185
  • Mar 1, 2011 4:16am Mar 1, 2011 4:16am
Quoting wormboy
yea .. I remembered back then there were so many who were calling for the death of the pound
I don't have my longs from 4300 level anymore, I cashed in @1.49xx, didn't have the nerves to hold it to 1000 pips which is too bad really lol
But, the long term target remains the same



don't worry it'll get to 1.7. Question is do you have the nerves to hold it till then?
the answer is "YES"...i already close my long before LO...

i will never let my profit gone since above 1.63 is bear territory....... mode on...


good luck worm...we will meet in ups there...
I will be the number one Manager.
  • #273,186
  • Mar 1, 2011 4:22am Mar 1, 2011 4:22am
Quoting deryworlds
Only my opinion probably they need 100 pips down first after make 100% Fibo projection at 6348-58 daily target and then continuous Upper 1.6425 something
yes both sides are possible here now
i keep my eyes on m1 n m5
90% of traders use TA, indicators and prediction
  • #273,187
  • Mar 1, 2011 4:31am Mar 1, 2011 4:31am
Quoting pilotui
$ is weakining right now on M30...set up in a nice Horizontal channel, a break of that is what is needed to get GU up past 1.6330. IMO
USDX Channel Breach...lets see if GU can pop up
  • #273,188
  • Mar 1, 2011 4:33am Mar 1, 2011 4:33am
Quoting javapips
the answer is "YES"...i already close my long before LO...

i will never let my profit gone since above 1.63 is bear territory....... mode on...


good luck worm...we will meet in ups there...

hi java.....
are u think that cable 'll go to downside? what is the support area that u think???

thx and very green pipssss
  • #273,189
  • Mar 1, 2011 4:35am Mar 1, 2011 4:35am
open GBP/USD buy order at 1,6306
  • #273,190
  • Mar 1, 2011 4:37am Mar 1, 2011 4:37am
Quoting wormboy



don't worry it'll get to 1.7. Question is do you have the nerves to hold it till then?
I removed all of them surgically
this is my job...I've been training all my life to wait....when I was a child I was waiting for long hours in front of the shops with thousands of people in order to buy some food...later I was waiting in line to pay the taxes...later I was a sniper and again I had to wait and all my jobs were related to this waiting and nerve killing thing

now my mind is a clear as a Murano mirror
  • #273,191
  • Mar 1, 2011 4:40am Mar 1, 2011 4:40am
Quoting pilotui
USDX Channel Breach...lets see if GU can pop up
Never mind...it broke through then hammered HUGE off of it. USD is looking strong now....really just chop.

Temporary GBP Weakness
  • #273,192
  • Mar 1, 2011 4:45am Mar 1, 2011 4:45am
I saw BULLISH Engulfing in Weekly Chart...

CABLE will continue UP @ Price 1.6714 - MN1 Res C
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-01_Weekly.jpg Size: 205 KB
Always looking the GREAT, never left GOOD Point...
  • #273,193
  • Mar 1, 2011 4:48am Mar 1, 2011 4:48am
Boom
  • #273,194
  • Mar 1, 2011 4:52am Mar 1, 2011 4:52am
Quoting selu
open GBP/USD buy order at 1,6306
Oh friend,
you bough at a high position... why don't you wait on 1.6200..
could be much wiser..
  • #273,195
  • Mar 1, 2011 4:54am Mar 1, 2011 4:54am
Quoting untusoft
Oh friend,
you bough at a high position... why don't you wait on 1.6200..
could be much wiser..
yep

bearish divergence daily.
Hero calls followed by margin calls...
  • #273,196
  • Mar 1, 2011 5:03am Mar 1, 2011 5:03am
Quoting PhAnTi'
yep

bearish divergence daily.
and a ..aaa...doji on H4 (if that's how it is called that cross candle) and the RSI and the stochs and the 1.63 level and because I said in the morning about the retrace to 1.62
my word is the most powerfull indie as I am the most important man in the universe(my dad used to tell me this when I was a kid....but he never knew t explain me what is the universe)

actually I expect the pound to drop even further away....some 200 pips more or 300
depends on the news

eur usd is about to fall to 1.35 and the gbp jpy to 1.3250 at least

and as they go hand in hand most of the times I hope I will be right for the sake of my balance
  • #273,197
  • Edited 5:58am Mar 1, 2011 5:08am | Edited 5:58am
Cable Overbought Now...

Still TRY Broke H1 Support Price @ 1.6262
If Can Broke... We will see in H4 Support Price @ 1.6245
Price @ 1.6197 as Daily Pivot for PullBack
( or LOWER Price @ 1.6139 as Weekly Pivot for PullBack - But I'm NOT sure will Touch in Here )

Price @ 1.6357 as Down Retrace but still posible go UP again.
Price @ 1.6602 as Criticcal Point for Reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-01_Hours.jpg Size: 180 KB
Always looking the GREAT, never left GOOD Point...
  • #273,198
  • Mar 1, 2011 5:12am Mar 1, 2011 5:12am
Quoting Trn007
hi java.....
are u think that cable 'll go to downside? what is the support area that u think???

thx and very green pipssss
you will laugh if i say the support..,but my resistance is near wormy first target..,not till 1.7 for me, too far..,


i can't give chart, so sorry..,maybe next time...the best for you..
I will be the number one Manager.
  • #273,199
  • Mar 1, 2011 5:14am Mar 1, 2011 5:14am
what you think guys?
6230 comes on this h1?

me i think 6295 again
90% of traders use TA, indicators and prediction
  • #273,200
  • Mar 1, 2011 5:15am Mar 1, 2011 5:15am
Here is what is going on...
Attached Image (click to enlarge)
Click to Enlarge Name: USDX 1mar_up.jpg Size: 140 KB
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