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Cable Update (GBPUSD)

  • #300,761
  • Feb 16, 2012 9:50am Feb 16, 2012 9:50am
Picked wrong horse in that race went long euro, thought cable was going to go a lot slower, but pips are pips. Looking a little stretched to the upside intraday with London off home soon.
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  • #300,762
  • Feb 16, 2012 9:54am Feb 16, 2012 9:54am
Cashed +88 pips
Now I am in short from 1.5760
However there is a probability to touch 1.5790
  • #300,763
  • Feb 16, 2012 10:05am Feb 16, 2012 10:05am
Quoting abdul_halim
agreed

im crossing fingers, feets, eyes.. everything i can cross i will do to see her closing this h4 above 5765.
hard work!
lets see
90% of traders use TA, indicators and prediction
  • #300,764
  • Feb 16, 2012 10:09am Feb 16, 2012 10:09am
Quoting Tsar
Play safety b'cause in Daily & Weekly Trend is Bearish.
Hourly Chart - Last candle close was 5747. Tower Bottom forming.

Daily chart - Bullish continuation pattern forming. (yesterday's Inside Bar with a candle close above 5747 today)

Monthly chart - January, Bullish Clould Cover, 5747 close. February (so far) doji - 5747 center.


Be careful about bias.
  • #300,765
  • Feb 16, 2012 10:12am Feb 16, 2012 10:12am
Quoting Flatfish
Picked wrong horse in that race went long euro, thought cable was going to go a lot slower, but pips are pips. Looking a little stretched to the upside intraday with London off home soon.
You have a Reason makes sense, Sir
Always looking the GREAT, never left GOOD Point...
  • #300,766
  • Feb 16, 2012 10:17am Feb 16, 2012 10:17am
Quoting Fudomyo
Hourly Chart - Last candle close was 5747. Tower Bottom forming.

Daily chart - Bullish continuation pattern forming. (yesterday's Inside Bar with a close above 5747 today)

Monthly chart - January, Bullish Clould Cover, 5747 close. February (so far) doji - 5747 center.
Hi Fudomyo,

Thank's so much for your instructions & information


Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
  • #300,767
  • Feb 16, 2012 10:21am Feb 16, 2012 10:21am
Quoting Tsar
Hi Fudomyo,

Thank's so much for your instructions & information


Best Regards,
Tsar
np mate.

all the best with your trades.


Quoting _BBKing_

im crossing fingers, feets, eyes.. everything i can cross i will do to see her closing this h4 above 5765.
hard work!
lets see
hi BB, nice going on your long.

I like your new wheels... lol
  • #300,768
  • Feb 16, 2012 10:37am Feb 16, 2012 10:37am
Quoting Fudomyo
cheers mate.

all the best with your trades.
I listened to you and expect your quidance again...
Always looking the GREAT, never left GOOD Point...
  • #300,769
  • Feb 16, 2012 10:39am Feb 16, 2012 10:39am
i am bearish for the next week there was resistance before 1.58 and quanitive easying of 50bn gbp in time i see the pound at 1.38 level in a few months of course.
  • #300,770
  • Feb 16, 2012 10:44am Feb 16, 2012 10:44am
i have read some where that the average pa for this month would be 1.52 ?
  • #300,771
  • Feb 16, 2012 10:45am Feb 16, 2012 10:45am
Quoting 16Nov16
Cable peaked last week at 1.5925 and has been falling ever since.

It has got through the strong S/R line of 1.5730 (+/- 10 pips) and remains below it. However, has rebounded off lower limit of next strong S/R line of 1.5655 (+/- 5 pips and +/- 15 pips) and, indeed, didn't even touch lower limit of 1.5640. Since testing that low and rebounding, it has not touched the upper limit of the this S/R line (i.e. 1.5670).

It seems, therefore, that the week-long downtrend ended yesterday and Cable will reverse back up to 1.5860 and, if through that,...
Only realistic downtrend has an outer limit of 1.5800. If it peaks above that today, then my earlier assertion that it will get above 1.5860 and then up to 1.6000 holds. If not, then heading back down tomorrow and into next week.
  • #300,772
  • Feb 16, 2012 10:47am Feb 16, 2012 10:47am
Quoting Fudomyo
np mate.

all the best with your trades.




hi BB, nice going on your long.

I like your new wheels... lol
got a huge luck on that!!!!
but ssshh dont tell anybody
high risk sentiment came back on markets for what i see.
lets see maybe they want to close bullish weekly candles.
early to say, but possible!
90% of traders use TA, indicators and prediction
  • #300,773
  • Feb 16, 2012 10:53am Feb 16, 2012 10:53am
ok ive said it first 1.33 by july if it does ill be happy and sad its my own pound
  • #300,774
  • Feb 16, 2012 10:53am Feb 16, 2012 10:53am
Quoting _BBKing_

im crossing fingers, feets, eyes.. everything i can cross i will do to see her closing this h4 above 5765.
hard work!
lets see
I want to see its closing below 1,5750 better below 1,5730 then the bearish trend remains
  • #300,775
  • Feb 16, 2012 10:53am Feb 16, 2012 10:53am
Quoting swano
i have read some where that the average pa for this month would be 1.52 ?

I heard similar - I think it was something to the effect that the Euro will be trading around 1.30 in a month or so and Cable will be around 1.52 - 1.53 in the same time period.

I heard it on my squawk box new alerts a week ago or so.......
I don't trust any move - when you have profit...take it.
  • #300,776
  • Feb 16, 2012 10:57am Feb 16, 2012 10:57am
but as for everything you take it as a pinch of salt till the facts and charts move
  • #300,777
  • Feb 16, 2012 11:01am Feb 16, 2012 11:01am
Quoting PskovFX
I want to see its closing below 1,5750 better below 1,5730 then the bearish trend remains

no no!
this thing is flying straight into 1.59 then 1.60 to get 1.63 next week.
was not bearish trend!!
was only a tech retrace to relax from bounce coming from 1.52.

ok, i could be wrong, but my plan was to go long near 1.5580 1.5560 monthly pivot area to target 1.63.

actually market is saying that time have come to go up.
i don't remember i have seen in my experience a similar insane up-move!
looks like "sell" button disapperead from big desks...
90% of traders use TA, indicators and prediction
  • #300,778
  • Feb 16, 2012 11:02am Feb 16, 2012 11:02am
just doing the fundermentals 50bn gbp easying bond yeilds forecasts 6month monthly pivotd and pa resit,supp. i m seeing a down turn as a high possibilitly 1.52 mmm 1.54 a good target
  • #300,779
  • Feb 16, 2012 11:07am Feb 16, 2012 11:07am
usually a strong move like this will see reversal soon. trend should move gradually
  • #300,780
  • Feb 16, 2012 11:10am Feb 16, 2012 11:10am
bbking do u go by pivot points mostly how do u use them effectly
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