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Cable Update (GBPUSD)

  • #294,681
  • Dec 14, 2011 1:25am Dec 14, 2011 1:25am
nasty wedge

http://a.yfrog.com/img808/6451/5xwhd.jpg

  • #294,682
  • Dec 14, 2011 1:28am Dec 14, 2011 1:28am
Quoting fontu
anything possible , frankie + London to decide if can able break few pips movement to do for more correction otherwise more down to more correction in next time.
fontu
Yep of course thank you Fontu, great work By the way
Come with me if you want to live....
  • #294,683
  • Dec 14, 2011 1:57am Dec 14, 2011 1:57am
you guys see this thing going up
  • #294,684
  • Dec 14, 2011 2:04am Dec 14, 2011 2:04am
Quoting PoundTrader
you guys see this thing going up
Not yet , usdx near top 80.33 while top 38 ,now 36, eu near bottom ,eu breaks up & down again , may breaks, very near 1.3007 (broken I see now ) . not decided London boyes yet , shaking to do any !!
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,685
  • Dec 14, 2011 2:18am Dec 14, 2011 2:18am
Quoting fontu
Not yet , usdx near top 80.33 while top 38 ,now 36, eu near bottom ,eu breaks up & down again , may breaks, very near 1.3007 (broken I see now ) . not decided London boyes yet , shaking to do any !!
fontu
  • #294,686
  • Dec 14, 2011 2:26am Dec 14, 2011 2:26am
any1 knows why the sudden spike up?
  • #294,687
  • Dec 14, 2011 2:27am Dec 14, 2011 2:27am
morning.

weekly zoom in and zoom out.
just to remember 2 things:

1. price going down;
2. price in demand area 1.54

are there reasons to see it bouncing and going up from here?
possible imo.

i dont think is good for buy since fundamentals say short but bulls will certainly protect this level till the end.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 17 KB
Click to Enlarge Name: gu2.gif Size: 16 KB
90% of traders use TA, indicators and prediction
  • #294,688
  • Dec 14, 2011 2:29am Dec 14, 2011 2:29am
hi GBP spike - unemployment see forexfactory main page due out any minute
  • #294,689
  • Dec 14, 2011 2:33am Dec 14, 2011 2:33am
10.30 due
  • #294,690
  • Dec 14, 2011 2:39am Dec 14, 2011 2:39am
Quoting EricKamezou
any1 knows why the sudden spike up?
'obvious' up-move after a 160-180pips down and in demand area!
90% of traders use TA, indicators and prediction
  • #294,691
  • Dec 14, 2011 2:47am Dec 14, 2011 2:47am
Quoting _BBKing_
morning.

weekly zoom in and zoom out.
just to remember 2 things:

1. price going down;
2. price in demand area 1.54

are there reasons to see it bouncing and going up from here?
possible imo.

i dont think is good for buy since fundamentals say short but bulls will certainly protect this level till the end.
morning mate, well said, i have a minor support area at .5441(-5) on the H4 it held well, seeing as price tore open the channel (down) i think the bear have lost steam in general. next bump in the road would be 5580...then 5640 (fib) this seems alot like a factor in of the claimant count and unemployment. i have a tiny buy in at .5488 and SL is at BE...will wait and see what happens.

PS: the 1.3000 level on the e/u and the fact that there are very mild USD fundies today leaves the pound as the wild card... imo!
Guard your pips jelously
  • #294,692
  • Dec 14, 2011 3:00am Dec 14, 2011 3:00am
Quoting TzarPips
morning mate, well said, i have a minor support area at .5441(-5) on the H4 it held well, seeing as price tore open the channel (down) i think the bear have lost steam in general. next bump in the road would be 5580...then 5640 (fib) this seems alot like a factor in of the claimant count and unemployment. i have a tiny buy in at .5488 and SL is at BE...will wait and see what happens.

PS: the 1.3000 level on the e/u and the fact that there are very mild USD fundies today leaves the pound as the wild card... imo!

yes 1.30 strong psycol level of demand in Euro. aggresive traders are buying it here now.
about GU this weekly candle will be very important. i already said beginning of the week. i dont think on a move so early today again near 5580. who know?! lets see unemploy data.
90% of traders use TA, indicators and prediction
  • #294,693
  • Dec 14, 2011 3:07am Dec 14, 2011 3:07am
Quoting _BBKing_
yes 1.30 strong psycol level of demand in Euro. aggresive traders are buying it here now.
about GU this weekly candle will be very important. i already said beginning of the week. i dont think on a move so early today again near 5580. who know?! lets see unemploy data.
good point on that weekly candle, in the meantime, i'm looking to that step play in the 30m and h1 to create another slight dip and give me another quick entry at 5500, i think that news is going to be traded in over the next 20mins, but we can only wait and see, i like your caution here though
Guard your pips jelously
  • #294,694
  • Dec 14, 2011 3:09am Dec 14, 2011 3:09am
Quoting Ill-b-back
Am sorry to hear that Nav

thx bro
  • #294,695
  • Dec 14, 2011 3:36am Dec 14, 2011 3:36am
not a good reaction
  • #294,696
  • Dec 14, 2011 3:38am Dec 14, 2011 3:38am
Quoting _BBKing_
yes 1.30 strong psycol level of demand in Euro. aggresive traders are buying it here now.
about GU this weekly candle will be very important. i already said beginning of the week. i dont think on a move so early today again near 5580. who know?! lets see unemploy data.
trailed abit to fast, just got stopped out, abt 15 pip total on both entries. So now i'll join you and wait for a better setup, the news dint help much, so much for picking a bottom!!
Guard your pips jelously
  • #294,697
  • Dec 14, 2011 3:38am Dec 14, 2011 3:38am
There can be a false break or not in usdx & eu still to evaluate & while gu breaks fist limit 5508 to reach near 2nd 5538 shorted to see for 5423 -5400 ,breaks if there then much lower though , next limit still intact though 5564. now to wait & see where goes it.signal pair audusd still does any signal but no more correction also , sell off there possible h1 tf to give next sell signal if.

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #294,698
  • Dec 14, 2011 3:40am Dec 14, 2011 3:40am
hummm, you would have thought it would have bumped up on that news. WTH?
  • #294,699
  • Dec 14, 2011 3:43am Dec 14, 2011 3:43am
today market will try to get back some heavy mney lost yesterday.

MUST be very careful on entries and stops.
good luck you all
90% of traders use TA, indicators and prediction
  • #294,700
  • Dec 14, 2011 3:44am Dec 14, 2011 3:44am
Quoting shocfacter
hummm, you would have thought it would have bumped up on that news. WTH?
Not know which news you are talking about but at the says start I checked FF calender & apparently all eur,gbp news expectation ++ & still not that care about .
any speciall news you have heard?
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
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