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Cable Update (GBPUSD)

  • #301,501
  • Feb 26, 2012 8:18am Feb 26, 2012 8:18am
i wait.

you could have 1-2 or even 3-4 possible 'predictions'... stay sure that market will get the 5th or the 6th that you didn't think at all!


have a good sunday and start of the week you all
90% of traders use TA, indicators and prediction
  • #301,502
  • Feb 26, 2012 8:26am Feb 26, 2012 8:26am
Quoting Ill-b-back
And Morgan and Stanleys "stated" 1.346 "SL" just got hit, "what a surprise"

u should watch a movie called "margin call"..goes into this sort of thing
  • #301,503
  • Feb 26, 2012 8:49am Feb 26, 2012 8:49am
Quoting nAVIN2007
u should watch a movie called "margin call"..goes into this sort of thing
I've heard about it, will do thx nAV.
Come with me if you want to live....
  • #301,504
  • Feb 26, 2012 8:57am Feb 26, 2012 8:57am
I won't disagree with what you posted below bbakker - but this here is a fact.

http://www.brecorder.com/money-a-banking/198/1159414/




Quoting bbakker
All I have to say is -

http://www.forexfactory.com/news.php?do=news&id=343916

The 1.3460 buy stop is where I think they have started to sell EU, but I haven't got a clue of their real intentions. Maybe they needed buyers to sell to and what better way of doing it then sending out a call like this for the novice retailers so that they can pick up all those juice buy stops. Drive price up to these buy stops and then start selling.

Do you really think that the institutions are going to show you their playing cards... I didn't think...
I don't trust any move - when you have profit...take it.
  • #301,505
  • Feb 26, 2012 9:55am Feb 26, 2012 9:55am
Quoting bbakker
All I have to say is -

http://www.forexfactory.com/news.php?do=news&id=343916

The 1.3460 buy stop is where I think they have started to sell EU, but I haven't got a clue of their real intentions. Maybe they needed buyers to sell to and what better way of doing it then sending out a call like this for the novice retailers so that they can pick up all those juice buy stops. Drive price up to these buy stops and then start selling.

Do you really think that the institutions are going to show you their playing cards... I didn't...
...watching breakout to upside this week!!!
Attached Image (click to enlarge)
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Daytrader
  • #301,506
  • Edited 10:07am Feb 26, 2012 9:56am | Edited 10:07am
Quoting Faller
I won't disagree with what you posted below bbakker - but this here is a fact.

http://www.brecorder.com/money-a-banking/198/1159414/


I agree with you Faller but unfortunately it is not broken down into the respective USD currency pairs. Now USDJPY certainly shows this, but other USD pairs show the opposite (USDCHF, EURUSD) or are stalling (AUDUSD, NZDUSD, GBPUSD).

With respect to GBPUSD, it could be that prices are capped at 1.59 but my weekly chart prediction shows a relatively small breach (in terms of weekly bars) of the ~1.59 resistance before we see a big drop. I certainly won't be taking the long again at 1.5650 because I think this support (demand) has now been consumed. We will probably get a small bounce at 1.5650 before it continues further down into the 1.5232-1.5366 demand area which is where I will be looking for longs again.

I am looking to short in the 1.60 but I will make my decision based on price action.

I am also keeping an eye on DIX for price to hit any higher timeframe demand areas as correlation.

Let's see what Sunday open brings, because there was certainly some selling interest right before the close.

I have a full-time job, so I won't keep running commentary during the week, but I sure will be back here next weekend to re-evaluate based on the week's price action.

I wish you many green pips during the week!

Brian
  • #301,507
  • Feb 26, 2012 10:10am Feb 26, 2012 10:10am
http://mohdfardli-forex.blogspot.com/
trade small no lose
  • #301,508
  • Feb 26, 2012 12:15pm Feb 26, 2012 12:15pm
Quoting nAVIN2007
u should watch a movie called "margin call"..goes into this sort of thing
How's it going bro?
Looking good for your long position, hope you got out of your longs with profits
Hear the music before the song is over ...
  • #301,509
  • Feb 26, 2012 12:23pm Feb 26, 2012 12:23pm
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
gbp is true that the upper end of the month?
give 1 and get 100
  • #301,510
  • Feb 26, 2012 12:27pm Feb 26, 2012 12:27pm
Cable thrusted up from the bottom of the range around 1.5655 to the top of the range to 1.5880 with no corrections.

Very bullish indeed, but we need to break the top of this range at 1.5880 significantly in order to end the range.

Also notice that the rally broke the downward sloping line connecting the swing highs of February.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_H8.gif Size: 20 KB
Hear the music before the song is over ...
  • #301,511
  • Feb 26, 2012 2:04pm Feb 26, 2012 2:04pm
Quoting GlobalMacro
How's it going bro?
Looking good for your long position, hope you got out of your longs with profits

lol..still in brother!!!..still very early
  • #301,512
  • Feb 26, 2012 3:44pm Feb 26, 2012 3:44pm
270 pip range could continue to be the theme if price does not break above the 1.5930 area.
  • #301,513
  • Feb 26, 2012 4:37pm Feb 26, 2012 4:37pm
Quoting nAVIN2007
lol..still in brother!!!..still very early
I hear you bro...

what happened to this thread anyway...where's the old crew...where's WB and everyone else...haven't seen anyone around?
Hear the music before the song is over ...
  • #301,514
  • Edited 6:04pm Feb 26, 2012 6:01pm | Edited 6:04pm
first hourly candle on cable is red - oil is dropping - USDX (dollar index) is holding - market is sideways to down.......dollar cad is dropping.


what say ye all?

oh ya....and euro dropping - maybe going to shat the bed tonight?
I don't trust any move - when you have profit...take it.
  • #301,515
  • Feb 26, 2012 6:12pm Feb 26, 2012 6:12pm
Pullback expected in GU. I break below 1.58758 would rally to the downsides.
  • #301,516
  • Feb 26, 2012 6:17pm Feb 26, 2012 6:17pm
Sudden weakness across the board

I'm closing my long positions and going flat into LDN

signing off for now.
Hear the music before the song is over ...
  • #301,517
  • Feb 26, 2012 6:19pm Feb 26, 2012 6:19pm
I see a big shart trying to shat outta cables rear end.

1.5850 soon
I don't trust any move - when you have profit...take it.
  • #301,518
  • Feb 26, 2012 6:35pm Feb 26, 2012 6:35pm
Quoting Faller
I see a big shart trying to shat outta cables rear end.

1.5850 soon

ahhhh that's it push it out....push it out.....
I don't trust any move - when you have profit...take it.
  • #301,519
  • Feb 26, 2012 6:38pm Feb 26, 2012 6:38pm
Quoting GlobalMacro
Sudden weakness across the board

I'm closing my long positions and going flat into LDN

signing off for now.

or you could short and go with the crowd and make money? not?
I don't trust any move - when you have profit...take it.
  • #301,520
  • Feb 26, 2012 6:53pm Feb 26, 2012 6:53pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 164 KB


Deja vu ?
Something to ponder.
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