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Cable Update (GBPUSD)

  • #297,801
  • Jan 13, 2012 5:42am Jan 13, 2012 5:42am
Quoting nAVIN2007
volatility my friend bring opportunity as well
Very true. However, I tend to be risk-averse in these types of situations. There will be plenty of opportunities next week!.

On a separate note, I undertook some long term analysis in December and it suggests that the current bearishness of GU will last until around April 2012. After that I expect a prolonged bullishness for another eight months. You may also be interested to know that the year end (31/12/2012) consensus forecast by leading fund managers in the City of London was 1.73. My 2 cents worth thou!

I hope your long GU trade comes good soon. I admire you for your cheerfulness in a time of adversity.

Regards
  • #297,802
  • Jan 13, 2012 5:51am Jan 13, 2012 5:51am
Quoting Rasi
Very true. However, I tend to be risk-averse in these types of situations. There will be plenty of opportunities next week!.

On a separate note, I undertook some long term analysis in December and it suggests that the current bearishness of GU will last until around April 2012. After that I expect a prolonged bullishness for another eight months. You may also be interested to know that the year end (31/12/2012) consensus forecast by leading fund managers in the City of London was 1.73. My 2 cents worth thou!

I hope your long GU trade comes good...
thanks and yes this is why i have this trade going still is a long term trade.I just hope I have it right so from the time side of things im not bothered in the slightest, not emotional, but for my analysis to hold true this area needs really to hold..

thanks for your input!!

trade safe
  • #297,803
  • Jan 13, 2012 5:58am Jan 13, 2012 5:58am
Quoting nAVIN2007
thanks and yes this is why i have this trade going still is a long term trade.I just hope I have it right so from the time side of things im not bothered in the slightest, not emotional, but for my analysis to hold true this area needs really to hold..

thanks for your input!!

trade safe
I dunno much bout what GBPUSD would look like...
For me... the EURUSD end of year Target for me is all the way down at 1.15... i know i know.... this is going towards hell but i just dont see any beneficial changes happening in EUROPE for it to recover just yet...

now i dunno but if EURO were to collapse im trying to think what the GBP would do... Follow or Move with a mind of its own??
So far GBP been trying to make people believe that GBP doesnt want to be involved wiht the EURO but then again the British still hold quite the amount of EURO debt.... soooo
for me im not optimistic about GBP if EURO is not looking good... besides GBP is having a huge problem of slow growth and huge debt... but they are not like the US... they dont have it easy... GBP aint a currency like the USDollar where almost everycountry demands it regardless of the price... Thats why GBP is Devaluing to attract foreign demand into the economy... im seeing GBP to devalue a lot more if they are to encourage foreign demand to enter the UK economy....

Sorry for always disagreeing...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,804
  • Jan 13, 2012 6:09am Jan 13, 2012 6:09am
im long 5330 SL 5300

just 30 pips risk.
90% of traders use TA, indicators and prediction
  • #297,805
  • Jan 13, 2012 6:20am Jan 13, 2012 6:20am
Quoting kaspopsicle

the more my mind is in numbers the more absurd words become.

where's my paint can?
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  • #297,806
  • Jan 13, 2012 6:47am Jan 13, 2012 6:47am
Quoting _BBKing_
im long 5330 SL 5300

just 30 pips risk.
good day,

Not a bad idea - 15min cycle still showing upward pressure - to pull bottom line up so that a short cycle can start, we need a higher price. Ideal buy would be from the bottom of the bands - but there is room to the top - so well done... for the short term, the lower the price, the better the buy...

Regards
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  • #297,807
  • Jan 13, 2012 6:57am Jan 13, 2012 6:57am
Quoting TauTrader
good day,

Not a bad idea - 15min cycle still showing upward pressure - to pull bottom line up so that a short cycle can start, we need a higher price. Ideal buy would be from the bottom of the bands - but there is room to the top - so well done... for the short term, the lower the price, the better the buy...

Regards
Here is the problem though - 5min still short cycle - will have to go lower to change - so based on this, I believe your long is too early.(opinion, my friend).

I will however join you at the right level...

Regards
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  • #297,808
  • Jan 13, 2012 7:21am Jan 13, 2012 7:21am
Quoting _BBKing_
im long 5330 SL 5300

just 30 pips risk.
I just joined you my friend. Opened a long at 1.5324 with a SL of 1.5224...I hope it won't fall further...
  • #297,809
  • Jan 13, 2012 7:25am Jan 13, 2012 7:25am
Quoting TauTrader
Here is the problem though - 5min still short cycle - will have to go lower to change - so based on this, I believe your long is too early.(opinion, my friend).

I will however join you at the right level...

Regards
well... lets see what happens
bit risky level i took, you're right!

im lloking it in m30 chart kind of compression pattern.
if holds here is good.
if i get stopped out will wait lower level after first NY moves
90% of traders use TA, indicators and prediction
  • #297,810
  • Jan 13, 2012 7:26am Jan 13, 2012 7:26am
Dollar looking strong at the moment against most things. I would like to buy cable for a bounce, but would have to see some sort of reversal in euro move. I still prefer to short eur/gbp before buying cable. But market being tricky this week been stopped out many times this week on scalps, giving back too many hard won pips so prefering to wait for setup rather than play the current swings.
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  • #297,811
  • Jan 13, 2012 7:26am Jan 13, 2012 7:26am
Quoting Forexgain
I just joined you my friend. Opened a long at 1.5324 with a SL of 1.5224...I hope it won't fall further...
gosh, please no follow me, i could be wrong!
do trading based in your ideas!
if yours are same than mine then ok!
90% of traders use TA, indicators and prediction
  • #297,812
  • Jan 13, 2012 7:32am Jan 13, 2012 7:32am
Got stopped out at break even earlier after my long @ 5360 was hit, the trade was open a matter of minutes before it shot back down. Lovely. It looks like the price has stalled and can't reach lower than 5320, will be looking for longs now since bad US news was just released, it may be enough to send it spacebound this afty.
  • #297,813
  • Jan 13, 2012 7:37am Jan 13, 2012 7:37am
what i think is compression in m30
down from 5400 and heavy supporting here around 5320-30
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90% of traders use TA, indicators and prediction
  • #297,814
  • Jan 13, 2012 7:39am Jan 13, 2012 7:39am
market is deciding how to interprete those USA bad data
90% of traders use TA, indicators and prediction
  • #297,815
  • Jan 13, 2012 7:42am Jan 13, 2012 7:42am
GBPUSD Analyse Long
  • #297,816
  • Jan 13, 2012 7:49am Jan 13, 2012 7:49am
Quoting TauTrader
Here is the problem though - 5min still short cycle - will have to go lower to change - so based on this, I believe your long is too early.(opinion, my friend).

I will however join you at the right level...

Regards
TAU ur on!!
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,817
  • Jan 13, 2012 7:51am Jan 13, 2012 7:51am
90% of traders use TA, indicators and prediction
  • #297,818
  • Jan 13, 2012 7:52am Jan 13, 2012 7:52am
Quoting vasi
GBPUSD Analyse Long
Nope NOT YET....
Bad idea to long now...
GOLD is still dropping...
USDX still rising
Dow Futures still dropping...
There is risk off sentiment, best thing is to avoid Longing before we meet a support, mines down at 5270,

EVERYONE please.... if this thing goes down... wait till it reaches 5270 to see the reaction before you LONG.... BAD IDEA to long now... its HIGH risk trade to long now...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #297,819
  • Jan 13, 2012 7:52am Jan 13, 2012 7:52am
First care/tp 5300 , next 5277 & next 5240 . likewise eu 2700, 2662, next 2621 .bounce to down each level specially first.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #297,820
  • Jan 13, 2012 8:01am Jan 13, 2012 8:01am
Quoting bguguen
TAU ur on!!
good day to you, o firey one

What is this? A challenge?

Careful - you got my heart racing there for an instant...

Hehe
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