Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#307,781
Apr 12, 2012 8:37am Apr 12, 2012 8:37am

PoundTrader
Joined Sep 2010 | Status: Life Time Member | 6,685 Posts

taking my profit from my long. good luck to all.

#307,782
Apr 12, 2012 8:41am Apr 12, 2012 8:41am

eggs
| Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts

Quoting PoundTrader

Disliked

taking my profit from my long. good luck to all.

Ignored

thnks. Ltr PT.

#307,783
Apr 12, 2012 8:44am Apr 12, 2012 8:44am

forexsaint
Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts

IMO
- This pair is STRONGLY BEARISH in close future.
- Destined for 1.5580's and then 1.5280's (at least) & it would take lot sooner than it took to reach up there last leg up (typical bearish move)
- 1.5960-80's is a very good level to take some short term (or better long term) positions ..say a couple of weeks or so.
- Just watch the wriggling PA on D1 and esp W1 TF

Hope this helps, if it falls in place with your opinion also.
Trade what you see.
Good luck

100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152

#307,784
Apr 12, 2012 8:48am Apr 12, 2012 8:48am

eggs
| Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts

Quoting forexsaint

Disliked

IMO
- This pair is STRONGLY BEARISH in close future.
- Destined for 1.5580's and then 1.5280's (at least) & it would take lot sooner than it took to reach up there last leg up (typical bearish move)
- 1.5960-80's is a very good level to take some short term (or better long term) positions ..say a couple of weeks or so.
- Just watch the wriggling PA on D1 and esp W1 TF

Hope this helps, if it falls in place with your opinion also.
Trade what you see.
Good luck

Ignored

Agreed. Longer TF's Daily & 4HR PA looking abnormal.

#307,785
Apr 12, 2012 8:52am Apr 12, 2012 8:52am

TauTrader
Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts

Quoting forexsaint

Disliked

IMO
- This pair is STRONGLY BEARISH in close future.
- Destined for 1.5580's and then 1.5280's (at least) & it would take lot sooner than it took to reach up there last leg up (typical bearish move)
- 1.5960-80's is a very good level to take some short term (or better long term) positions ..say a couple of weeks or so.
- Just watch the wriggling PA on D1 and esp W1 TF

Hope this helps, if it falls in place with your opinion also.
Trade what you see.
Good luck

Ignored

Good day to you,

Have to agree. Current PA all plastic

All success

#307,786
Apr 12, 2012 8:57am Apr 12, 2012 8:57am

Vogon
| Joined Apr 2012 | Status: Trader | 48 Posts

Quoting forexsaint

Disliked

IMO
- This pair is STRONGLY BEARISH in close future.
- Destined for 1.5580's and then 1.5280's (at least) & it would take lot sooner than it took to reach up there last leg up (typical bearish move)
- 1.5960-80's is a very good level to take some short term (or better long term) positions ..say a couple of weeks or so.
- Just watch the wriggling PA on D1 and esp W1 TF

Hope this helps, if it falls in place with your opinion also.
Trade what you see.
Good luck

Ignored

I agree that a failure to solidly break 5970 along with negative PA near that level would create a good shorting opportunity to at least 5930.

Thanks for all the fish

#307,787
Apr 12, 2012 8:57am Apr 12, 2012 8:57am

eggs
| Joined Nov 2011 | Status: Everybodys A Central Banker Here... | 819 Posts

Interestingly enough PA has essentially mimicked yesterdays action to a tee. Check lower TF's Yesterday price made a run at the highs of the day around 17:00 GMT... That appears to be whats happening now.

#307,788
Apr 12, 2012 9:02am Apr 12, 2012 9:02am

TauTrader
Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts

Good day to you,

Bots buying at the moment. Squeezing the shits out of our princess.

Regards

#307,789
Apr 12, 2012 9:07am Apr 12, 2012 9:07am

Faller
Joined Aug 2010 | Status: Trader | 3,185 Posts

Quoting Vogon

Disliked

I agree that a failure to solidly break 5970 along with negative PA near that level would create a good shorting opportunity to at least 5930.

Ignored

only good till 1.5930?

I don't trust any move - when you have profit...take it.

#307,790
Apr 12, 2012 9:10am Apr 12, 2012 9:10am

Vogon
| Joined Apr 2012 | Status: Trader | 48 Posts

Quoting Faller

Disliked

only good till 1.5930?

Ignored

At least, I don't like to get to far ahead of myself.

Thanks for all the fish

#307,791
Apr 12, 2012 9:38am Apr 12, 2012 9:38am

Leeson
| Joined Apr 2010 | Status: Trader | 358 Posts

Take care with shorts for now. Chinese GDP beating expectations can change the short-term bias to risk ON... You know what that means.... 50 to 80 pips higher before shorting...

#307,792
Apr 12, 2012 9:39am Apr 12, 2012 9:39am

TauTrader
Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts

Good day,

These cryptic messages between a couple of you - has killed the thread.

I have the IQ of a rice crispie.

Be gentle and we can all talk sh*t.

Regards

#307,793
Apr 12, 2012 9:54am Apr 12, 2012 9:54am

Faller
Joined Aug 2010 | Status: Trader | 3,185 Posts

Quoting Leeson

Disliked

Take care with shorts for now. Chinese GDP beating expectations can change the short-term bias to risk ON... You know what that means.... 50 to 80 pips higher before shorting...

Ignored

well there are more rumors coming out of China currently that contradict the GDP beat.....

I don't trust any move - when you have profit...take it.

#307,794
Apr 12, 2012 9:56am Apr 12, 2012 9:56am

Faller
Joined Aug 2010 | Status: Trader | 3,185 Posts

Market talk of a possible cut to the Chinese RRR - Unconfirmed

Economic commentary

-This market talk has been doing the rounds for the past couple of weeks, historically, if this was the case, the cut would occur between 0900BST and 1130BST.
‘Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.
Source: Sources
Thu, 10:45 12-04-2012

I don't trust any move - when you have profit...take it.

#307,795
Apr 12, 2012 10:17am Apr 12, 2012 10:17am

TauTrader
Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts

Good day to you,

I'm a simple man - but RSI is putting pressure to go down.

Just reporting.

Trade well

Regards

#307,796
Apr 12, 2012 10:31am Apr 12, 2012 10:31am

Faller
Joined Aug 2010 | Status: Trader | 3,185 Posts

Quoting TauTrader

Disliked

Good day to you,

I'm a simple man - but RSI is putting pressure to go down.

Just reporting.

Trade well

Regards

Ignored