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Cable Update (GBPUSD)

  • #303,241
  • Mar 12, 2012 6:11am Mar 12, 2012 6:11am
Quoting UbuFamily
all the way to lounge for the beer bro?
and here u are back in time...I suppose you're hidden from your wife huh
nah, she's in the shower bro, probably where I should be huh? She can't get enough of me
Come with me if you want to live....
  • #303,242
  • Mar 12, 2012 6:13am Mar 12, 2012 6:13am
Quoting bguguen
YEA boy... lets see what it does at 1.5450... i got a hunch with all the risk aversion over greek situation... when the PIIGS are brought back in focus...GBPUSD could get to 1.5210...
I'm actually looking forward to a few long and short opportunities this month, shorts for the moment though, yeah boy
Come with me if you want to live....
  • #303,243
  • Mar 12, 2012 6:14am Mar 12, 2012 6:14am
gotta go, good luck guys, small water
Come with me if you want to live....
  • #303,244
  • Mar 12, 2012 6:17am Mar 12, 2012 6:17am
Quoting BillSuits
A break down below 1.5650 is a triple bottom break by P&F charting.
Thanks for posting. Interesting chart and post again!
Gone to a better place
  • #303,245
  • Mar 12, 2012 6:19am Mar 12, 2012 6:19am
downside follow thru on Friday's daily candle always the graeter probability...current daily lo @ 50% 5234-5991 around Daily S1...current pip range today at 76% of 20 day tar.

G/L
ex member
  • #303,246
  • Mar 12, 2012 6:27am Mar 12, 2012 6:27am
Quoting abdul_halim
Thx Abdul, you are a machine.
Come with me if you want to live....
  • #303,247
  • Mar 12, 2012 6:32am Mar 12, 2012 6:32am
classic regular bullish div play on the 1min @ the current lo - supported by 3 and 5min classic extreme osc reads, bullish div reads on 15min +

Pullback or more ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: 1min rev b.jpg Size: 82 KB
ex member
  • #303,248
  • Mar 12, 2012 6:36am Mar 12, 2012 6:36am
price confirmed demand became supply @5694.
5614 did its work for the moment.

last post, will be busy.
good luck everybody.
90% of traders use TA, indicators and prediction
  • #303,249
  • Mar 12, 2012 6:49am Mar 12, 2012 6:49am
Breakout of a heavy resistance, hmm i think about going short after retesting breakout level at 1,5660.
What do you guys think?
  • #303,250
  • Edited 7:43am Mar 12, 2012 7:26am | Edited 7:43am
I'm short gbp/jpy @ 128.613, closed @ 128.272.

Where will cable go this afternoon?
  • #303,251
  • Mar 12, 2012 7:50am Mar 12, 2012 7:50am
Look at H4 chart...it will easy to see big possibility to countinue bearish trend up to 52XX or lower... But still i don't understand, what fundamental factor specially in UK to support this prediction, I can't see it, ....., ow....ow.....be careful guys, it is more tricky than you thought..... ....Look at strong resistance at 5605, ....
just also remember that many "expert" said last friday that will rise up to 1.6XX, the situation is extremely crazy to be predicted.....I should got 25 pips when it was at highest today peak at 1.5693....but i did not take it...i don't know may be it is wrong decission....i will wait for next 5 hours to decide is it need no switch my position or not.....
  • #303,252
  • Mar 12, 2012 7:56am Mar 12, 2012 7:56am
thanks Red, i think so! but i'll trade tomorrow and holdlong GBPUSD
  • #303,253
  • Mar 12, 2012 8:13am Mar 12, 2012 8:13am
look like she's ready to make a heavy move south
  • #303,254
  • Mar 12, 2012 8:14am Mar 12, 2012 8:14am
Quoting Red Alert
Look at H4 chart...it will easy to see big possibility to countinue bearish trend up to 52XX or lower... But still i don't understand, what fundamental factor specially in UK to support this prediction, I can't see it, ....., ow....ow.....be careful guys, it is more tricky than you thought..... ....Look at strong resistance at 5605, ....
just also remember that many "expert" said last friday that will rise up to 1.6XX, the situation is extremely crazy to be predicted.....I should got 25 pips when it was at highest today peak at 1.5693....but...
I've always suspected these 'experts' might have a degree in economics or whatever and seem like nice chaps giving out their free expert analysis, but whats their real motive? give out bull information so traders trade what they say - so the 'expert'/bank/institution goes the other way...its like a market maker giving out weekly/daily trading analysis/prediction of pairs, lol

I love a good conspiracy!
  • #303,255
  • Mar 12, 2012 8:20am Mar 12, 2012 8:20am
Quoting Napoleon180
Breakout of a heavy resistance, hmm i think about going short after retesting breakout level at 1,5660.
What do you guys think?
i think we are making some bullish divergence at these lvl. stay cautious..
  • #303,256
  • Mar 12, 2012 8:23am Mar 12, 2012 8:23am
Quoting Red Alert
just also remember that many "expert" said last friday that will rise up to 1.6XX,
Is there a better hint that short is what you should be?
  • #303,257
  • Mar 12, 2012 8:30am Mar 12, 2012 8:30am
@GDRK... You right bro....., we must understand what their real motive.... To be the same position as majority is absolutely dangerous...., this is the unique of trading....But this is not Zero Sum game right?, when the winner take all.....
But i 've observed their prediction periodically, and calibrate their prediction VS the actual, and i have to say that you right... so...What kind of expert whe should believe?....
Ok, let's forget what damn expert said...some body please exlpain me the fundamental situation it will continue bearish that far ......
  • #303,258
  • Mar 12, 2012 8:35am Mar 12, 2012 8:35am
Quoting Red Alert
@GDRK... You right bro....., we must understand what their real motive.... To be the same position as majority is absolutely dangerous...., this is the unique of trading....But this is not Zero Sum game right?, when the winner take all.....
But i 've observed their prediction periodically, and calibrate their prediction VS the actual, and i have to say that you right... so...What kind of expert whe should believe?....
You should believe no one... trade your own god damn charts buddy... its as simple as that... and learn to manage your risk exposures with the trades you got...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #303,259
  • Mar 12, 2012 8:39am Mar 12, 2012 8:39am
Quoting bguguen
You should believe no one... trade your own god damn charts buddy... its as simple as that... and learn to manage your risk exposures with the trades you got...
don't worry pal, I only trade my own analysis and no one elses, if you wan't something doing right you gotta do it yourself...
  • #303,260
  • Mar 12, 2012 8:56am Mar 12, 2012 8:56am
Once price holds below red line..I believe price will be bearish...possibly venturing back in the 1.52 area..

Obviously still waiting to see what price does at that area to confirm
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdollar.jpg Size: 65 KB
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