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Cable Update (GBPUSD)

  • #305,101
  • Mar 28, 2012 5:35am Mar 28, 2012 5:35am
Important information inside the BLUE circle on my chart......will have to see if it continues -
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Click to Enlarge Name: Cable Important Information.jpg Size: 166 KB
I don't trust any move - when you have profit...take it.
  • #305,102
  • Mar 28, 2012 5:37am Mar 28, 2012 5:37am
No clue so far,even GDP data can't move cable..either break 1.6 or 1.59..maybe direction after durable goods data from US ?
  • #305,103
  • Mar 28, 2012 5:41am Mar 28, 2012 5:41am
Quoting UbuFamily
the long leg of 5903 shows buying pressure right? Hence, few candles include now able to climb a little bit up..hmmm...opinion only..

add: totally PA assumption...

the area i was talking about is the last weekly high..we are testing this area..anything above it is bullish not bearish
  • #305,104
  • Mar 28, 2012 5:43am Mar 28, 2012 5:43am
updated near-term 1hr:

To the downside:

[ 5911-5903 prev minor 1hr sw lo zone incl 5906 = 23.6% 5601-6000 and 5903 = Daily S2 @/around
[ 5905-5895-78 prev 4hr/1hr sw hi zone incl 5900 = 50% 5800-6000, and 5884-83 2 x fibs inc 50% 5769-6000

5876 61.8% 5800-6000
5867-64 prev 1hr sw hi zone incl 5866 = Daily S3 @/around
[ 5860-46 6 x fibs incl 5857=61.8% 5769-6000, 5848 = 38.2% 5601-60000, 5847 =76.4% 5800-6000
[ 5845-50 ascending 4hr t/line coming thru on this present 1hr candle
5829 85.4% 5800-6000
5825-23 Weekly & Monthly Pivots @/around incl = 5823 76.4% 5769-6000
5817 50% 5634-60000
5810-5800- (5797) prev 4hr/1hr sw lo zone inc 5809 2 x fibs, and 5802-01 2 x fibs incl 50% 5601-60000
5789-81 prev 1hr sw lo zone incl 5783 = Weekly S1@/around
5780-69 prev minor Dly/4hr/1hr sw lo zone incl 5774 61.8% 5634-60000
5764-65 2 x fibs
5754 61.8% 5601-60000

G/L
Attached Image (click to enlarge)
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ex member
  • #305,105
  • Mar 28, 2012 6:01am Mar 28, 2012 6:01am
Quoting Faller
Market talk of sell stops below 1.5900 in GBP/USD - Unconfirmed

FX Commentary

remember
I don't trust any move - when you have profit...take it.
  • #305,106
  • Mar 28, 2012 6:03am Mar 28, 2012 6:03am
if equities keep correcting from the move down late yesterday afternoon......that would mean a lot in the forex markets.
I don't trust any move - when you have profit...take it.
  • #305,107
  • Mar 28, 2012 6:04am Mar 28, 2012 6:04am
I am looking for the USDX to make a run to 80 soon...
I don't trust any move - when you have profit...take it.
  • #305,108
  • Mar 28, 2012 6:06am Mar 28, 2012 6:06am
one more quarter of negative GDP for Britain and they are technically in a recession.
I don't trust any move - when you have profit...take it.
  • #305,109
  • Mar 28, 2012 6:07am Mar 28, 2012 6:07am
and with Britain hosting the Olympics....that only puts more downside pressure on the economy....huge expenses - no country is ever profitable when hosting the Olympics - just a huge drain on the economy.
I don't trust any move - when you have profit...take it.
  • #305,110
  • Mar 28, 2012 6:21am Mar 28, 2012 6:21am
Quoting Faller
and with Britain hosting the Olympics....that only puts more downside pressure on the economy....huge expenses - no country is ever profitable when hosting the Olympics - just a huge drain on the economy.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #305,111
  • Mar 28, 2012 6:24am Mar 28, 2012 6:24am
http://www.bloomberg.com/news/2012-0...y-shrinks.html
I don't trust any move - when you have profit...take it.
  • #305,112
  • Mar 28, 2012 6:27am Mar 28, 2012 6:27am
http://www.ctv.ca/generic/generated/...le2383752.html
I don't trust any move - when you have profit...take it.
  • #305,113
  • Mar 28, 2012 6:32am Mar 28, 2012 6:32am
if there are sell stops below 1.5900 as suggested - that would lead to a quick initial drop to 1.5884, then 1.5850 - if if momentum picks up could see 1.5800 by days end - if that scenario plays out - I am going to start looking at where we started the year.....1.52 -
I don't trust any move - when you have profit...take it.
  • #305,114
  • Mar 28, 2012 6:34am Mar 28, 2012 6:34am
Quoting Faller
remember
Bro, I don't mean to brush anyone up the wrong way, but I used to follow the stop order reports until I realised that majority of the time, price would go down/up, trigger them, then reverse, why I stopped using them. Just my observation of the past that's all
Come with me if you want to live....
  • #305,115
  • Mar 28, 2012 6:36am Mar 28, 2012 6:36am
Quoting Ill-b-back
Bro, I don't mean to brush anyone up the wrong way, but I used to follow the stop order reports until I realised that majority of the time, price would go down/up, trigger them, then reverse, why I stopped using them. Just my observation of the past that's all

all good my friend - I was just posting information - it is up to the individual trader to use the information as they see fit - you have to look at price action and price levels and I use a couple of basic indicators when looking at my charts - so if I see the right conditions when price is approaching a certain level and I have some info about buy or sell stops - I look to see how price may react.

hope you are well!

Faller
I don't trust any move - when you have profit...take it.
  • #305,116
  • Mar 28, 2012 6:42am Mar 28, 2012 6:42am
market today+tomorrow+friday will kill a lot of people.
don't be one of them!!
navin pointed out very well: there is 50/50 probability to go more up or more down.
surely market will find the way to kill in both sides more n more n more, bfore showing the real direction....

so, meanwhile IMO, the more we search a reason of a move in charts, the more we will be killed.

just my idea!

good luck see you all tomorrow
90% of traders use TA, indicators and prediction
  • #305,117
  • Mar 28, 2012 6:45am Mar 28, 2012 6:45am
Quoting _BBKing_
market today+tomorrow+friday will kill a lot of people.
don't be one of them!!
navin pointed out very well: there is 50/50 probability to go more up or more down.
surely market will find the way to kill in both sides more n more n more, bfore showing the real direction....

so, meanwhile IMO, the more we search a reason of a move in charts, the more we will be killed.

just my idea!

good luck see you all tomorrow
you make me laugh! 50/50 that it will move up or down! you forgot the percentage if the price goes sideways!

I say it all in fun! But really - the 50/50 thing is a daily occurrence!!!
I don't trust any move - when you have profit...take it.
  • #305,118
  • Mar 28, 2012 6:50am Mar 28, 2012 6:50am
Quoting Faller
all good my friend - I was just posting information - it is up to the individual trader to use the information as they see fit - you have to look at price action and price levels and I use a couple of basic indicators when looking at my charts - so if I see the right conditions when price is approaching a certain level and I have some info about buy or sell stops - I look to see how price may react.

hope you are well!

Faller
hello mate, you know that i am one of the bears.. but imho until eu and gu are in sync.. i think we might not see price below 5900..

just TPed my positions on cable and shorted fiber at 3360 .. perhaps tomorrow we will see cable tanking.. i don't think today..

but if cable is able to break the 5900, will eager to short after the pullback..
  • #305,119
  • Mar 28, 2012 6:51am Mar 28, 2012 6:51am
Quoting Faller
you make me laugh! 50/50 that it will move up or down! you forgot the percentage if the price goes sideways!

I say it all in fun! But really - the 50/50 thing is a daily occurrence!!!
heheh yes of course! i mean 50/50 probability to see price going down or up out of this 5890-5990. until into here, will simply ping pong or something similar and show every where reasons to go long or short, then reverse V turn to a pip for a reason etc...... you know what GU can do when in these situations!
meanwhile, scalping is always allowed
90% of traders use TA, indicators and prediction
  • #305,120
  • Mar 28, 2012 6:51am Mar 28, 2012 6:51am
something I posted today at 6:30AM


http://www.forexfactory.com/showthre...82#post5519082
I don't trust any move - when you have profit...take it.
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