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Cable Update (GBPUSD)

  • #306,961
  • Apr 9, 2012 2:37pm Apr 9, 2012 2:37pm
This is what I see....

4 hour chart being posted....

Blue circles indicate where price will retrace to....

1.5800 during tonight and tomorrows session....

Once at 1.5800.....1.5600 is not far off......

Everyone will be looking around at each other and remembering PIMCO said that Cable will be trading at 1.4500ish by the end of the year - once we are at 1.5600 the year low of 1.5200ish will look attractive.........then everyone will say.....man I should short this.....PIMCO said it will go to 1.4500.

We all can have our thoughts.....delusional or not.

Faller
Attached Image (click to enlarge)
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I don't trust any move - when you have profit...take it.
  • #306,962
  • Apr 9, 2012 2:49pm Apr 9, 2012 2:49pm
Quoting Faller
This is what I see....

4 hour chart being posted....

Blue circles indicate where price will retrace to....

1.5800 during tonight and tomorrows session....

Once at 1.5800.....1.5600 is not far off......

Everyone will be looking around at each other and remembering PIMCO said that Cable will be trading at 1.4500ish by the end of the year - once we are at 1.5600 the year low of 1.5200ish will look attractive.........then everyone will say.....man I should short this.....PIMCO said it will go to 1.4500.

We all can have our thoughts.....delusional...

Who is pimco bro?
Come with me if you want to live....
  • #306,963
  • Apr 9, 2012 2:52pm Apr 9, 2012 2:52pm
Quoting Ill-b-back
Who is pimco bro?

Respectfully I provide you with this link.....


http://bit.ly/IbpLmw
I don't trust any move - when you have profit...take it.
  • #306,964
  • Apr 9, 2012 3:03pm Apr 9, 2012 3:03pm
Quoting Faller
Respectfully I provide you with this link.....


http://bit.ly/IbpLmw
Respectfully thx
Come with me if you want to live....
  • #306,965
  • Apr 9, 2012 3:32pm Apr 9, 2012 3:32pm
Quoting Fudomyo
...backing away slowly.


I don't trust any move - when you have profit...take it.
  • #306,966
  • Apr 9, 2012 4:19pm Apr 9, 2012 4:19pm
Quoting PoundTrader
base on previous price action, i see it going back down to 1.5807
Hey PT, this may seems like a silly question, but when you say previous PA, are you talking about PA around the 5840-5830 area? Or PA currently around the 59 area? I just ask because I see the bearish relevance on my system of the 5840-30 area and just seeing if we are on the same page? Cheers bro.
Come with me if you want to live....
  • #306,967
  • Apr 9, 2012 4:21pm Apr 9, 2012 4:21pm
Quoting Ill-b-back
Hey PT, this may seems like a silly question, but when you say previous PA, are you talking about PA around the 5840-5830 area? Or PA currently around the 59 area? I just ask because I see the bearish relevance on my system of the 5840-30 area and just seeing if we are on the same page? Cheers bro.
Sorry, 5850-40 area
Come with me if you want to live....
  • #306,968
  • Apr 9, 2012 4:27pm Apr 9, 2012 4:27pm
Quoting Ill-b-back
Hey PT, this may seems like a silly question, but when you say previous PA, are you talking about PA around the 5840-5830 area? Or PA currently around the 59 area? I just ask because I see the bearish relevance on my system of the 5840-30 area and just seeing if we are on the same page? Cheers bro.
yes 1.5900 area
  • #306,969
  • Apr 9, 2012 4:33pm Apr 9, 2012 4:33pm
Quoting PoundTrader
yes 1.5900 area
Ok thx PT, I actually got 1hr bearish reasons at top and bottom mixed with a 4 hr bull. Might be time for a coffee.
Come with me if you want to live....
  • #306,970
  • Apr 9, 2012 4:36pm Apr 9, 2012 4:36pm
Quoting Ill-b-back
Ok thx PT, I actually got 1hr bearish reasons at top and bottom mixed with a 4 hr bull. Might be time for a coffee.
do you trade when 1hr, 4hr and daily chart all say the same, like if they all show bullish would you then take a long
  • #306,971
  • Apr 9, 2012 4:37pm Apr 9, 2012 4:37pm
Quoting Ill-b-back
Ok thx PT, I actually got 1hr bearish reasons at top and bottom mixed with a 4 hr bull. Might be time for a coffee.
Oh, and a daily bear, market is
Come with me if you want to live....
  • #306,972
  • Apr 9, 2012 4:43pm Apr 9, 2012 4:43pm
Quoting Ill-b-back
Oh, and a daily bear, market is
lol, calm down, where in the asian session. by london open it will become clearer
  • #306,973
  • Apr 9, 2012 4:56pm Apr 9, 2012 4:56pm
Quoting PoundTrader
lol, calm down, where in the asian session. by london open it will become clearer
actually no... by 12:15AM GMT meaning an hour or so, we will know much clearer... Ben bernanke in Georgia... talking about the US economy...

this guy is ridiculous the stuff he does to screw people up....
as if he doesnt screw people up enough in US he has to go to Georgia to screw people up earlier...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #306,974
  • Apr 9, 2012 4:57pm Apr 9, 2012 4:57pm
Quoting PoundTrader
do you trade when 1hr, 4hr and daily chart all say the same, like if they all show bullish would you then take a long
Generally yes, at swing points. However, this year has been a little odd. Lots of pips off just the 4 hr, and the weekly signal down at 5230 area came in late (for me anyway). I've taken 30 pips off my hedge so happy with that off a weak signal. I still have problems trusting stop orders which you use well, but you have more experience also
Yeah London will show a break or reversal I think.
Come with me if you want to live....
  • #306,975
  • Apr 9, 2012 5:24pm Apr 9, 2012 5:24pm
Quoting PoundTrader
do you trade when 1hr, 4hr and daily chart all say the same, like if they all show bullish would you then take a long
How about you PT?
Come with me if you want to live....
  • #306,976
  • Apr 9, 2012 5:26pm Apr 9, 2012 5:26pm
Quoting Ill-b-back
How about you PT?
BRB
  • #306,977
  • Apr 9, 2012 5:37pm Apr 9, 2012 5:37pm
Quoting Ill-b-back
How about you PT?
Ok im back, i don't use charts, i was asking to get an idea on how you trade
  • #306,978
  • Apr 9, 2012 5:47pm Apr 9, 2012 5:47pm
  •  eggs
  • | Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts
interesting long term outlook on the GU...technically speaking anyways

http://www.actionforex.com/action-in...0120409163025/
  • #306,979
  • Apr 9, 2012 5:52pm Apr 9, 2012 5:52pm
Quoting eggs
interesting long term outlook on the GU...technically speaking anyways

http://www.actionforex.com/action-in...0120409163025/


Nice....

Pretty much what I said here.. http://www.forexfactory.com/showthre...70#post5554470 ..the article just used a few more words....
I don't trust any move - when you have profit...take it.
  • #306,980
  • Apr 9, 2012 5:53pm Apr 9, 2012 5:53pm
Quoting eggs
interesting long term outlook on the GU...technically speaking anyways

http://www.actionforex.com/action-in...0120409163025/
Yeah I've watched these guys also out of interest.
Come with me if you want to live....
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