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Cable Update (GBPUSD)

  • #309,501
  • Apr 24, 2012 8:41am Apr 24, 2012 8:41am
Quoting A-speculator
there we go, very nice lift off on fiber.. cable? damn cable.. wait for days now.. no retracement at all..
good day to you,

do not see it going much higher than 1.3200

Regards
  • #309,502
  • Apr 24, 2012 8:42am Apr 24, 2012 8:42am
Quoting nAVIN2007
not sure if yur a fib guy..look at the weekly ..the pullback was at the 50% price is above the high b4 the pullback started ..so this thing maybe playing out a fib target extension

its posible this can shoot 1.63 without a pullback because it happened already..a fib person would understand..i think..lol
yeah i know, i know.. the thing is, i can't get in with just a small pullback.. it's just not my trade style and i'll get nervous if i enter after only a small pullback, if you know what i mean.. since my positioning is quite a sizeable position, so every pips counts..

usually, i will look into a significant pullback in 4h before placing my entry.. but i can't get on cable with impulsive move like this..

anyway, i think somehow, it will retest 6060, i will just wait.. in the meantime, i'll trade other pairs, no problem.. which means i won't be posting much here.

anyway, all the best to you my dear friend. hope you will gt your target sooner that you think..

good luck and god bless you.
  • #309,503
  • Apr 24, 2012 8:46am Apr 24, 2012 8:46am
Quoting TauTrader
good day to you,

do not see it going much higher than 1.3200

Regards
i don't know.. what do you think? i think it will go much higer that 3200, 3200 is just the starting point.. perhaps maybe towards 3280 before pullback.. imho.

oh, i love fiber..
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  • #309,504
  • Apr 24, 2012 8:47am Apr 24, 2012 8:47am
Quoting A-speculator
yeah i know, i know.. the thing is, i can't get in with just a small pullback.. it's just not my trade style and i'll get nervous if i enter after only a small pullback, if you know what i mean.. since my positioning is quite a sizeable position, so every pips counts..

usually, i will look into a significant pullback in 4h before placing my entry.. but i can't get on cable with impulsive move like this..

anyway, i think somehow, it will retest 6060, i will just wait.. in the meantime, i'll trade other pairs, no problem.. which means i won't be...
thanks man u too..
u showing good discipline

i think next month..based on what im seeing i might in in for a good surprise ..Lets get lucky!!!
  • #309,505
  • Apr 24, 2012 8:49am Apr 24, 2012 8:49am
Quoting A-speculator
i don't know.. what do you think? i think it will go much higer that 3200, 3200 is just the starting point.. perhaps maybe towards 3280 before pullback.. imho.

oh, i love fiber..
yes i think so only problem is monthly is still bearish ..but direction long term is up ..i think
  • #309,506
  • Apr 24, 2012 8:57am Apr 24, 2012 8:57am
Quoting nAVIN2007
yes i think so only problem is monthly is still bearish ..but direction long term is up ..i think
that's quite a long TF if we're discussing about monthly.. i cannot say for sure but at least in monthly we have a doji and a closed above the doji and also no lower low yet (either in the series of candles or candles after the doji/hammer candle).

And for that to happen, i think we must have a closed on swissy below 9100 level at the very least..
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  • #309,507
  • Apr 24, 2012 9:06am Apr 24, 2012 9:06am
Bulls !!! any idea why GBP is falling across the board...

if you look at e/gbp , gbp/chf , gbp/cad , gbp/aud gbp/nzd except g/usd

as usd/chf is going down along with gbp/chf it results in weaker USD for the moment, causes e/usd to rise and its holding g/usd as well

but if you look at GBP as a currency it is getting hammered over all the GBP pairs...

will it get support somewhere here or is it ready to go down ??
  • #309,508
  • Apr 24, 2012 9:06am Apr 24, 2012 9:06am
Quoting A-speculator
that's quite a long TF if we're discussing about monthly.. i cannot say for sure but at least in monthly we have a doji and a closed above the doji and also no lower low yet (either in the series of candles or candles after the doji/hammer candle).

And for that to happen, i think we must have a closed on swissy below 9100 level at the very least..

u have a good trade..trust it
next month it will pay ..
  • #309,509
  • Apr 24, 2012 9:11am Apr 24, 2012 9:11am
Quoting nAVIN2007
u have a good trade..trust it
next month it will pay ..
GBP is reversing for sure. the 61.2% retracement at 1.6161 completed the 5th wave is my wild guess.
  • #309,510
  • Apr 24, 2012 9:11am Apr 24, 2012 9:11am
Quoting nAVIN2007
u have a good trade..trust it
thanks mate, you too..

i would like to make a correction: not only swissy must closed below 9100, swissy must be sustainably trading below 9100 at the very least..
  • #309,511
  • Apr 24, 2012 9:14am Apr 24, 2012 9:14am
Quoting A-speculator
thanks mate, you too..

i would like to make a correction: not only swissy must closed below 9100, swissy must be sustainably trading below 9100 at the very least..
will short more if it breaks 1.6130 cleanly.
  • #309,512
  • Apr 24, 2012 9:19am Apr 24, 2012 9:19am
Quoting Nachiket
will short more if it breaks 1.6130 cleanly.
ok. it's your trade, your choice mate..

for me, there's a lot of other pairs that give good setup and i rather trade them then guessing where is the top on cable..
  • #309,513
  • Apr 24, 2012 9:23am Apr 24, 2012 9:23am
Quoting Red Alert
OK jhon...ATM I can't post it, but at least i will tell my short at 16123 SL 16175 and targetting for 1605 .....
But i am not sure with the bear now....i will do cut lost in case moving up more than 6175 and riverse my position
agree wit u
  • #309,514
  • Apr 24, 2012 9:25am Apr 24, 2012 9:25am
Quoting Nachiket
GBP is reversing for sure. the 61.2% retracement at 1.6161 completed the 5th wave is my wild guess.

hmmmm try not to guess.....it is a game of probability....but when you say guess.....it sounds like you don't know what you are doing.......
I don't trust any move - when you have profit...take it.
  • #309,515
  • Apr 24, 2012 9:30am Apr 24, 2012 9:30am
Quoting Nachiket
GBP is reversing for sure. the 61.2% retracement at 1.6161 completed the 5th wave is my wild guess.

market is basing, refreshing itself..
I noticed pound strength was keeping the pressure the minute usd got weak so did the pound..keeping us a pretty much the same level..price appears to be capped at this level, awaiting news on cable..

if its good we are heading in a new range where my target may appear realistic..trade safe

when retrace doesnt happen ..this is what we get..macd neutralization (market refreshing itself, ie red bull all round for da bull)
  • #309,516
  • Apr 24, 2012 9:33am Apr 24, 2012 9:33am
Quoting A-speculator
i don't know.. what do you think? i think it will go much higer that 3200, 3200 is just the starting point.. perhaps maybe towards 3280 before pullback.. imho.

oh, i love fiber..
Good day to you,

Yip, EU is a far better pair to trade. Far less whip-ass.

I believe these are just getting correlated again. Therefor Gu stagnant whilst EU flies north.

1.3242 will be the perfect target to reach..

Regards
  • #309,517
  • Apr 24, 2012 9:45am Apr 24, 2012 9:45am






#143








Patterns have an underlying mathematical structure.
  • #309,518
  • Apr 24, 2012 9:48am Apr 24, 2012 9:48am
Quoting TauTrader
Good day to you,

Yip, EU is a far better pair to trade. Far less whip-ass.

I believe these are just getting correlated again. Therefor Gu stagnant whilst EU flies north.

1.3242 will be the perfect target to reach..

Regards
i think that because of EG, the pair also flies up, which bring stagnant to cable..

but i notice that the candy is tanking.. perhaps cable might see more upside later on.. just my humble opinion..
  • #309,519
  • Apr 24, 2012 10:06am Apr 24, 2012 10:06am
Quoting A-speculator
i think that because of EG, the pair also flies up, which bring stagnant to cable..

but i notice that the candy is tanking.. perhaps cable might see more upside later on.. just my humble opinion..
Good day to you , sir

I can just trade my gut and my chart. That is the beauty of forex - we can be in different setups and both make a few....

All the best to you and I wish you well

http://www.pic4ever.com/images/2gwb921.gif

Give gas

Regards
  • #309,520
  • Apr 24, 2012 10:18am Apr 24, 2012 10:18am
No bo at 6126,17 or 09 yet , failure take up 6165 this last time ( already done or likely !! ) will expect them too .
lets see
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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