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Cable Update (GBPUSD)

  • #305,661
  • Mar 31, 2012 9:57am Mar 31, 2012 9:57am
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
range options 21/4
1.5610-1.6000
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give 1 and get 100
  • #305,662
  • Mar 31, 2012 10:27am Mar 31, 2012 10:27am
quarter
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not euphoria follower
  • #305,663
  • Mar 31, 2012 10:38am Mar 31, 2012 10:38am
Quoting iqyu5an
quarter
care to explain a bit mate.. thanks.
  • #305,664
  • Mar 31, 2012 11:05am Mar 31, 2012 11:05am
i was trying to simplify... i do believe u will got my point brother ...
Quoting A-speculator
care to explain a bit mate.. thanks.
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not euphoria follower
  • #305,665
  • Mar 31, 2012 11:22am Mar 31, 2012 11:22am
Quoting smikester
It's just cable is more volatile than Euro. Why is that? would be a good question.
Quoting gsantri
The City
I read once that Cable sees more surge in volume at London Open than any other pair , any other time ( makes sense given that London is the biggest FX centre in the world ) -- couple this with it's relatively lower volume compare to EURUSD and that's where you get the volatility from
  • #305,666
  • Mar 31, 2012 11:23am Mar 31, 2012 11:23am
Quoting iqyu5an
i was trying to simplify... i do believe u will got my point brother ...
i see.. you are showing quarterly candles.. well what is your interpretation on that? are you expecting the price to retest the low of the doji/shooting star in 2011 or expecting a reversal due to doji/inverted hammer in the late last year?
  • #305,667
  • Mar 31, 2012 11:29am Mar 31, 2012 11:29am
Quoting chazzle
I read once that Cable sees more surge in volume at London Open than any other pair , any other time ( makes sense given that London is the biggest FX centre in the world ) -- couple this with it's relatively lower volume compare to EURUSD and that's where you get the volatility from
agreed on that. lower volume = higher volatility.
  • #305,668
  • Mar 31, 2012 12:54pm Mar 31, 2012 12:54pm
Quoting Red Alert
Long time no see mate... nice to know you back again here....
Hey bro nice to see you too.. hope all is well.

*gak kemana2 sih cuma ikut demo bbm aja kemarin


Quoting chazzle
I read once that Cable sees more surge in volume at London Open than any other pair , any other time ( makes sense given that London is the biggest FX centre in the world ) -- couple this with it's relatively lower volume compare to EURUSD and that's where you get the volatility from
I also read that in Britain the banks hold almost 400 percent more money than its GDP, mainly because so much international business takes place there. certainly this affects the local currency. as we know it is often the behavior of cable is out of the fundamental things.
  • #305,669
  • Mar 31, 2012 1:09pm Mar 31, 2012 1:09pm
Quoting smikester
GBP with a GDP of between 1/4 and 1/5 of the EU is weighted at about 1/5th of Euro. I don't see the problem. It's just cable is more volatile than Euro. Why is that? would be a good question.
Heh, I always attributed it to the London Boy's ruthlessness. Do you not hear how they curse?!


But it has amazed me how much E/U has placated the majority of retail traders for the last 4-5 weeks. I'm still scratching my head really.
Where did the money come from? - The COT and basic positioning stats suggest something weird.

If i were silly I'd think that a group of retail traders placed some voodoo spells, maybe sorcery, on the market.


Heavy sell orders pending in the 1.63-65xx region. (Wont trade prior to those levels)
  • #305,670
  • Mar 31, 2012 2:34pm Mar 31, 2012 2:34pm
The fib you mention is invalid, ie for the move 4224-6746 your fibs shown are plotted the wrong way round - ie you need to drag the fib tool starting at 4224 to 6746 not starting @ 6746...in any event the only unbreeched fibs of that move are the 61.8% and below.

G/L

Quoting gsantri
Weekly view: assuming that 1.6000 will hold as support, next hurdle will likely at 6150. that also 76.4 fib of 4224-6746 swing. last rejection there was on Oct 2011.
.
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ex member
  • #305,671
  • Mar 31, 2012 2:38pm Mar 31, 2012 2:38pm
That's one wide zone 6300-6500 ! Where do you get your info from re sell orders positioned there ? (which by the way somewhere [s] in that zone there almost cetainly will be.)

G/L

Quoting Warwick

Heavy sell orders pending in the 1.63-65xx region. (Wont trade prior to those levels)
ex member
  • #305,672
  • Mar 31, 2012 4:38pm Mar 31, 2012 4:38pm
I've just been referencing the 50 fibs up from progressive peaks down to this years low, and they seem to working as good targets so far.
The next I see is around 6142.
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Come with me if you want to live....
  • #305,673
  • Mar 31, 2012 6:10pm Mar 31, 2012 6:10pm
Quoting Ill-b-back
I've just been referencing the 50 fibs up from progressive peaks down to this years low, and they seem to working as good targets so far.
The next I see is around 6142.

when everyone keeps looking up......it is time to invert the chart - fibs can also be drawn to show where price could drop to........confuses says....or faller says

Peace out....

Faller
I don't trust any move - when you have profit...take it.
  • #305,674
  • Mar 31, 2012 6:12pm Mar 31, 2012 6:12pm
Quoting Ill-b-back
I've just been referencing the 50 fibs up from progressive peaks down to this years low, and they seem to working as good targets so far.
The next I see is around 6142.

stripping all your lines and fibs off your chart and just looking at the candlesticks on the chart.....the chart scares me......comparably speaking since 2009 that is one coiled up price action for a very long time.....it is compressed so hard that it is just ready to bust out one way or the other for like 500 pips in a matter of no time at all......I am scared.......but I am flat and waiting with my powder dry......I will be waiting in the bushes....waiting....waiting.....waiting...............
I don't trust any move - when you have profit...take it.
  • #305,675
  • Mar 31, 2012 6:18pm Mar 31, 2012 6:18pm
Quoting Ill-b-back
I've just been referencing the 50 fibs up from progressive peaks down to this years low, and they seem to working as good targets so far.
The next I see is around 6142.

in a very basic technical view of the chart....after that huge drop.....I mean huge......since late 2008.....it really looks like one hell of a bear flag that is building....
I don't trust any move - when you have profit...take it.
  • #305,676
  • Mar 31, 2012 6:22pm Mar 31, 2012 6:22pm
Quoting Faller
stripping all your lines and fibs off your chart and just looking at the candlesticks on the chart.....the chart scares me......comparably speaking since 2009 that is one coiled up price action for a very long time.....it is compressed so hard that it is just ready to bust out one way or the other for like 500 pips in a matter of no time at all......I am scared.......but I am flat and waiting with my powder dry......I will be waiting in the bushes....waiting....waiting.....waiting...............
Really!, I see a monthly bullish pin and bullish weekly PA. It is coiled up I agree, in fact I have been mentally seeing this the last 3-4 weeks or so but from a bigger picture perspective. It looks to me like it is coiling up to bust north big time, but I will just follow my system signals when they arrive.
Come with me if you want to live....
  • #305,677
  • Mar 31, 2012 6:27pm Mar 31, 2012 6:27pm
Quoting Ill-b-back
Really!, I see a monthly bullish pin and bullish weekly PA. It is coiled up I agree, in fact I have been mentally seeing this the last 3-4 weeks or so but from a bigger picture perspective. It looks to me like it is coiling up to bust north big time, but I will just follow my system signals when they arrive.
Sorry, a monthly hammer type thing
Come with me if you want to live....
  • #305,678
  • Mar 31, 2012 6:34pm Mar 31, 2012 6:34pm
and now that the upward looks so clear at most part of market......
boom.....
1.54 in 2 weeks.
ihihihiih
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90% of traders use TA, indicators and prediction
  • #305,679
  • Mar 31, 2012 6:37pm Mar 31, 2012 6:37pm
Quoting Faller
in a very basic technical view of the chart....after that huge drop.....I mean huge......since late 2008.....it really looks like one hell of a bear flag that is building....
I agreed and called that bear flag back late last year, but my perspective has changed since the run up this year. Just my view
Come with me if you want to live....
  • #305,680
  • Mar 31, 2012 7:53pm Mar 31, 2012 7:53pm
Quoting _BBKing_
and now that the upward looks so clear at most part of market......
boom.....
1.54 in 2 weeks.
ihihihiih
That looks like witchcraft BB, I'm currently in church, I'll pray for market clarity
Come with me if you want to live....
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