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Cable Update (GBPUSD)

  • #306,941
  • Apr 9, 2012 9:48am Apr 9, 2012 9:48am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting A-speculator
we have to be very careful around this area as ucad currently at its critical resistance and if ucad unable to close above 1.0 and have significant rejection at 1.0 area, i think i might hold my position for a bit longer, along with fiber..

green pips guys.

Forgive me A-speculator as I'm sure you've answered this before but outside of the negative correlation between the two pairs do you rely on the UCad as an indicator to future direction of GU?
  • #306,942
  • Apr 9, 2012 10:05am Apr 9, 2012 10:05am
Quoting eggs
Forgive me A-speculator as I'm sure you've answered this before but outside of the negative correlation between the two pairs do you rely on the UCad as an indicator to future direction of GU?
it's not as simple as that mate.. you have also need to correlate other instrument as well based on where is the price for each individual instrument with respect of S&R level.

you can correlate cable with EG & CL too.. to name a few of instruments, as well as other commodity related pairs to have some overview on both the GBP and the USD.

it's late here, i really have to go..

see u later mate..
  • #306,943
  • Apr 9, 2012 10:14am Apr 9, 2012 10:14am
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Very good. Thanks. Good evening to you as well.
  • #306,944
  • Apr 9, 2012 11:17am Apr 9, 2012 11:17am
K' GS ....


Quoting iqyu5an
trying to stay back into uptrend channel or .... ?
not euphoria follower
  • #306,945
  • Apr 9, 2012 12:10pm Apr 9, 2012 12:10pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Bulls lurking??

we've traded above Thursday's HIGH and targeting Wednesday's. Anyone buying the retrace on this one?
Attached Image(s) (click to enlarge)
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  • #306,946
  • Apr 9, 2012 1:25pm Apr 9, 2012 1:25pm
Quoting eggs
Bulls lurking??

we've traded above Thursday's HIGH and targeting Wednesday's. Anyone buying the retrace on this one?
Great entry eggs I'm holding my long for now, will see what tomorrow brings. I guess I would look for solid support before looking to reload as we are still in a tricky spot.
Come with me if you want to live....
  • #306,947
  • Apr 9, 2012 1:35pm Apr 9, 2012 1:35pm
Quoting Ill-b-back
Great entry eggs I'm holding my long for now, will see what tomorrow brings. I guess I would look for solid support before looking to reload as we are still in a tricky spot.
base on previous price action, i see it going back down to 1.5807
  • #306,948
  • Apr 9, 2012 1:52pm Apr 9, 2012 1:52pm
Quoting PoundTrader
base on previous price action, i see it going back down to 1.5807

I have the same down side price level - it was an interesting move today.

Tonight will be interesting whe Bernanke and Posen speak....

Faller
I don't trust any move - when you have profit...take it.
  • #306,949
  • Apr 9, 2012 2:00pm Apr 9, 2012 2:00pm
Quoting Faller
I have the same down side price level - it was an interesting move today.

Tonight will be interesting whe Bernanke and Posen speak....

Faller
arghh.. second time i have hard time to sleep..

we are heading towards 1.6 mate.. i don't think we will see lower price again.. we broke the 5900 price level already in 4h..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 43 KB
  • #306,950
  • Apr 9, 2012 2:05pm Apr 9, 2012 2:05pm
Quoting PoundTrader
base on previous price action, i see it going back down to 1.5807
Could be bro,it looks mixed with bearish capacity so at BE
Come with me if you want to live....
  • #306,951
  • Apr 9, 2012 2:07pm Apr 9, 2012 2:07pm
Quoting A-speculator
arghh.. second time i have hard time to sleep..

we are heading towards 1.6 mate.. i don't think we will see lower price again.. we broke the 5900 price level already in 4h..
We have indeed I just wish my system would read support and resistance at all times
Come with me if you want to live....
  • #306,952
  • Apr 9, 2012 2:09pm Apr 9, 2012 2:09pm
Quoting A-speculator
arghh.. second time i have hard time to sleep..

we are heading towards 1.6 mate.. i don't think we will see lower price again.. we broke the 5900 price level already in 4h..
I don't trust any move - when you have profit...take it.
  • #306,953
  • Apr 9, 2012 2:11pm Apr 9, 2012 2:11pm
see ucad, fiber and swissy... we broke the s&r level as well.. at least we have the first sign of bullish/bearish..

perhaps, this coming fundamental data might come out as positive to the market.. sorry for the ucad graph, pretty consolidated..
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: swissy.gif Size: 41 KB
  • #306,954
  • Apr 9, 2012 2:13pm Apr 9, 2012 2:13pm
Quoting A-speculator
arghh.. second time i have hard time to sleep..

we are heading towards 1.6 mate.. i don't think we will see lower price again.. we broke the 5900 price level already in 4h..

not sure what you are basing your comments on - I know you are into the astrology thing......

For me....technically this is will be a hard level to just keep moving up without a catalyst. That is why I mentioned the speakers for tonight.

When you combine important technical levels with important fundamental information and news.......you get your biggest moves.

I can't see Bernanke flipping and flopping back and forth.....the other day he said things are looking good and there is no need for QE3 that was also mentioned today on my news feed......Posen, however, from the UK has said time and time again that the UK needs to do more and more QE - both of these people are speaking tonight......

We can reference each others posts and thoughts later tonight -

Cheers.

Faller.
I don't trust any move - when you have profit...take it.
  • #306,955
  • Apr 9, 2012 2:16pm Apr 9, 2012 2:16pm
Quoting A-speculator
see ucad, fiber and swissy... we broke the s&r level as well.. at least we have the first sign of bullish/bearish..

perhaps, this coming fundamental data might come out as positive to the market.. sorry for the ucad graph, pretty consolidated..
How did you get that huge bullish CAD spike? My highest print was 1.00008.
Come with me if you want to live....
  • #306,956
  • Apr 9, 2012 2:16pm Apr 9, 2012 2:16pm
Quoting Faller
not sure what you are basing your comments on - I know you are into the astrology thing......

For me....technically this is will be a hard level to just keep moving up without a catalyst. That is why I mentioned the speakers for tonight.

When you combine important technical levels with important fundamental information and news.......you get your biggest moves.

I can't see Bernanke flipping and flopping back and forth.....the other day he said things are looking good and there is no need for QE3 that was also mentioned today on my news feed......Posen,...
ok mate.. gotta go back to sleep..

see u later..
  • #306,957
  • Apr 9, 2012 2:17pm Apr 9, 2012 2:17pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
Quoting PoundTrader
base on previous price action, i see it going back down to 1.5807

unfortunately I have to agree PoundTrader that PA might retrace fully and stop hunt around the 1.58 handle before ultimate bullish continuation. Will probably close out around today's HIGHS & reenter with tight SL.
  • #306,958
  • Apr 9, 2012 2:17pm Apr 9, 2012 2:17pm
Quoting Ill-b-back
How did you get that huge bullish CAD spike? My highest print was 1.00008.
it's broker error..

see u later..
  • #306,959
  • Apr 9, 2012 2:27pm Apr 9, 2012 2:27pm
Quoting Faller
not sure what you are basing your comments on - I know you are into the astrology thing......

For me....technically this is will be a hard level to just keep moving up without a catalyst. That is why I mentioned the speakers for tonight.

When you combine important technical levels with important fundamental information and news.......you get your biggest moves.

I can't see Bernanke flipping and flopping back and forth.....the other day he said things are looking good and there is no need for QE3 that was also mentioned today on my news...
Reason why i dont trust market's move on a monday where most banks are closed... tomorrow would be interesting...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,960
  • Apr 9, 2012 2:27pm Apr 9, 2012 2:27pm
Quoting eggs
unfortunately I have to agree PoundTrader that PA might retrace fully and stop hunt around the 1.58 handle before ultimate bullish continuation. Will probably close out around today's HIGHS & reenter with tight SL.
Well, he's not often wrong so 30 pips it is.
Come with me if you want to live....
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