Cable Update (GBPUSD)

Good day,

Lost my landline connection - now on 3g - but soo slow..

Short term mode still to sell rallies - this current move may be one of them... Will look to sell in the area indicated - should all still be in place.(made this chart earlier, before I lost connection)

Regards

loaded scalp

what da hell.
out +7.

could we know what is moving market?c'mon.

David Cameron admitted on Friday morning that there had been tensions between the 'euro-ins' and 'euro-outs' during the ten hour marathon meeting and he insisted that Britain would "never join the euro".

a man with a vision


btw, targeting 5740 is too much ? while the EU had passed the DP and WP.

G/M,

pretty busy today and next few days so won't be posting much till at least Weds of next week.

Pretty mixed Daily, 4hr/1hr atm is best decsription..5560-5780 the recent Daily/4hr range.

Price sold off from the previous Daily/4hr/1hr swing hi zone extending to 5780 yesterday from a hi at 5769, and the lo of the day came at the 76.4% of the 5560-5780 move/weekly Pivot...pullback from that found supply and a further leg down resulted to today's current lo (5585) from where there has been a strong move up thru the 61.8% of the 5769-5585 move.

Current 1hr chart below shows the near-term potential supp/res factors. Daily R1 is @/around 5724 and @/around then above yesterday's hi are the following potential res factors:

5755-69-80 prev Daily/4hr/1hr sw hi incl 5765 = Weekly R1 @/around, and 5777/79 = 50% 6128-5422 / 76.4% 5888-5422

5792 50% 6165-5422
5802-06 prev minor 4hr sw hi zone
5820 85.4% 5888-5422
5826 Daily R2 @/around
5836 61.8% 6092-5422
5859-75-88 prev Dly/4hr sw hi zone incl 5859 61.8% 6128-5422, 5880 = 61.8% 6165-4422, and 5884 = Daily R2 @/around

5912-31 prev 4hr sw hi zone incl 5932 = 76.4% 6092-5422
5933 Weekly R2 @/around
5935-50 Daily t/f desc t/line
5963 76.4% 6128-5422
5988/94 76.4% 6165-5422 / 85.4% 6092-5422
6026 85.4% 6128-5422
6055 86.4% 6165-5422
6076-92 prev Dly/4hr sw hi zone incl Monthly R1 @/around 6076 and Weekly R3 @/around 6087

6096-6117-6128 prev dly/4hr sw hi zone
6130-39-65 prev wkly/dly/4hr sw hi zone
6173 = 76.4% 6454-5270
6181 61.8% 6746-5270

not sure but euro strength the bottom is capped i reckon..cant post a chart of eurolfx but it was like a triple bottom (need to go work)

chart
.

why is the cable so much long?

That's it guys keep pushing keep pushing, don't stop now, we are all doing so well

ok good trade

i said this morning a possible move to 57 area again, but i closed my long near 5630.
ok i did a mistake but sincerely: there is no clear reason of this fast move.
oh well, this is trading.

i call it a week and go fro something else, i need my account to be here also next week!

good luck you all

Price breeches 76.4% of yesterday's hi - today's current lo 5769-5585 on this strong move up.

Quick look at current near-term 4hr chart in repect of potential supp/res factors...Upside outlined in my post above.

Outa here.

G/L

1st stop 5775, then 5860-80

ok found some reasons here.
http://www.forexlive.com/blog/2011/1...-loans-to-imf/

this is another thing which improves a conviction: there is nothing which can help in forex trading, only buy where is supposed to find demand and sell where is supposed to find supply, go with good money management, and pray that you did a correct study.

out most at 5730.

imho its was the UK side. Positive.

been trying to know what markets thinking, news reactions and the time left before bad things out of the summit. cable (and others) needs to print higher.

technically, there was reversal candle and HL in hourly.

if sounds confusing.. then maybe it just my lucky day..

good day to you,

PA has been nothing but a disaster - on both these.... I am wondering...the EZ is leaking positive news in intervals....look at the charts - good news - rise. Realizing it remains a clusterfcuk...drop. Rinse and repeat. With a record nett shorts - someone is merrily chipping away - like a wild dog- biting pieces out of the best fillets.

GU - then affected. Then not. Correlation then on-then off.

Trading conditions are tough as nails at the moment - maybe time to let it be. You will not be taking my account - motherfargers.

I've made my last bed for the year. Bring it.

Keep the faith

Regards

i expect a big drop comming

off for today perhaps

Would have preferred to have got in at 56 (stupid broker) but looking in good shape from 5676. BBKings chart is highly suggestive of reaching 61.8 retrace at 5880 IMO.

Very sorry, BBMacs chart. So many superstars here