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Cable Update (GBPUSD)

  • #310,181
  • Apr 27, 2012 4:50am Apr 27, 2012 4:50am
what's your average price ? (ie B/e price)

G/L

Quoting Flynchenberg
I guess I said that all dips are being bought in the morning.

We have a new high, better price to short then.
ex member
  • #310,182
  • Apr 27, 2012 4:51am Apr 27, 2012 4:51am
nice, thanks

G/L

Quoting TauTrader
Good day to you,

Scratched around a bit.. found 11 and 10 consecutives.

Going to take my son to the movies.

All success
ex member
  • #310,183
  • Apr 27, 2012 4:51am Apr 27, 2012 4:51am
I was ok, expect to be able to keep it and sell in a week.
VB
  • #310,184
  • Apr 27, 2012 4:54am Apr 27, 2012 4:54am
Any idea about Advance GDP q/q?
and effect on gbp usd?
  • #310,185
  • Apr 27, 2012 4:55am Apr 27, 2012 4:55am
Quoting bbmac
what's your average price ? (ie B/e price)

G/L
about 1.6050
  • #310,186
  • Apr 27, 2012 4:58am Apr 27, 2012 4:58am
  • #310,187
  • Apr 27, 2012 5:03am Apr 27, 2012 5:03am
GBPUSD: Year-Old Trend Line Resistance in Sight
GBPUSD is approaching major trend line resistance at 1.6332, a level that has capped the upside over the past year. We will monitor how prices behave at this critical barrier before taking a directional bet, leaving us on the sidelines for the time being.
@dailyfx.com

Any idea about this analysis?
  • #310,188
  • Apr 27, 2012 5:04am Apr 27, 2012 5:04am
well conventionally a good number will probably see some knee-jerk (+?) $ buying and a bad number the opposite..a mid range number more difficult to say. Of course a good number could spark a 'risk on' reaction where riskier assewts are bought instead and $ falls.

Go with what you see (if there is a reaction) not what you think.

G/L

Quoting aarash
Any idea about Advance GDP q/q?
and effect on gbp usd?
ex member
  • #310,189
  • Edited 6:04am Apr 27, 2012 5:06am | Edited 6:04am
it's their analysis - what else is there to say? it's their take on things..others will be different...the trend line exists but how important it is we don't know unless it is tested, so for them to call it a critical barrier is perhaps premature ?

6220-40-79 prev minor Daily sw lo zone (non immed) incl 6231 = Daily R2 @/around, 6241 = Weekly R1 @/around, 6256 = Daily R3 @/around, and 6275= 85.4% 6454-5234

6289 76.4% 6617-5234
6316 Monthly R2 @/around
6330-35 Weekly descending trend line on present Daily candle (Friday)
6360 Weekly R2 @/around
6388 76.4% 6746-5234
6415 85.4% 6617-5234
6420-53 prev Daily sw hi zone
6524 85.4% 6746-5234
[ 6550-73 prev Daily sw hi zone incl 6571 Weekly R3 @/around
[ 6560-70 Weekly descending trend line on present Daily candle (Friday)
6580-6617 prev Weekly/Daily sw hi zone incl 6597 = Monthly R3 @/around

EDIT: added pic the trend line in question is steepest descending on pic below

G/L

Quoting aarash
GBPUSD: Year-Old Trend Line Resistance in Sight
GBPUSD is approaching major trend line resistance at 1.6332, a level that has capped the upside over the past year. We will monitor how prices behave at this critical barrier before taking a directional bet, leaving us on the sidelines for the time being.
@dailyfx.com

Any idea about this analysis?
Attached Image (click to enlarge)
Click to Enlarge Name: prevailing trend lines.jpg Size: 93 KB
ex member
  • #310,190
  • Apr 27, 2012 5:27am Apr 27, 2012 5:27am
Quoting corpo30
OKAY market hits 1.272 of XA = 6130 area and went up and final target is 1.618 of XA = 6219 area.
But G/U should take downside retracement before reaching 6219 to maintain harmonicity. The CD leg must be in harmonic pattern to accomplish a valid butterfly. I'm expecting downside retracement to 6040-50 area (.382 fib support of recent upswing at D1) .
Alright, butterfly has been fully accomplished. Now i will look for sell pattern.
  • #310,191
  • Apr 27, 2012 5:31am Apr 27, 2012 5:31am
Good day to you,

Placing short here again @ 1.6221 - SL 1.6250. Leaving for a few hours.

Regards
  • #310,192
  • Apr 27, 2012 5:37am Apr 27, 2012 5:37am
Quoting Flynchenberg
about 1.6050
Wait 1.633 mate
If there was easy money lying around,no one would be forcing it into your
  • #310,193
  • Apr 27, 2012 6:16am Apr 27, 2012 6:16am
Quoting mattrader
Eying at 1.62835.
Still a long way to go.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd weekyl chart.gif Size: 59 KB
  • #310,194
  • Apr 27, 2012 6:30am Apr 27, 2012 6:30am
placed a hedge here down -75 pounds which i can live with..i figure if it goes down..i can at least make something whilst long term target is in progress..1.6050 i figure maybe tested at least in future

at least now if it tanks..that be wonderfull..lol
also news..i think perhaps sensible thing to do

it possible next month to see 1.6..b4 attempting higher assuming we remain here till month close
  • #310,195
  • Apr 27, 2012 6:38am Apr 27, 2012 6:38am
Quoting FXConveyor
9 consecutive days of gains. Time for a retrace? Month end looming? I've gone short at 1.62 looking at 1.6012 by month end.

Also gives scope to add at 6250 and 63
Still holding.............. although I might take my profit at 6089 now based on the SMMA(7) on the daily.......... pound looks quite firm at the moment.........perhaps news can send it plummeting... maybe they are waiting for Monday when we see a whiplash trading day (one hopes)
  • #310,196
  • Apr 27, 2012 6:49am Apr 27, 2012 6:49am
Quoting FXConveyor
Still holding.............. although I might take my profit at 6089 now based on the SMMA(7) on the daily.......... pound looks quite firm at the moment.........perhaps news can send it plummeting... maybe they are waiting for Monday when we see a whiplash trading day (one hopes)

i think that asking to month..that would change the monthly towards1.57 - 1.53..more likely this month close bullish but retrace 1.6 level and hopefully it is support..

either way i dont care as the hedge position at least gives me an opportunity to manage a probability of USD pulling a fast one ..he he
  • #310,197
  • Apr 27, 2012 6:50am Apr 27, 2012 6:50am
Whats your long term target?

Quoting nAVIN2007
placed a hedge here down -75 pounds which i can live with..i figure if it goes down..i can at least make something whilst long term target is in progress..1.6050 i figure maybe tested at least in future

at least now if it tanks..that be wonderfull..lol
also news..i think perhaps sensible thing to do

it possible next month to see 1.6..b4 attempting higher assuming we remain here till month close
  • #310,198
  • Apr 27, 2012 6:52am Apr 27, 2012 6:52am
apologies for the language but WTF is GBPUSD doing?!

im lost, what is driving it up?
  • #310,199
  • Apr 27, 2012 6:55am Apr 27, 2012 6:55am
Quoting nAVIN2007
placed a hedge here down -75 pounds which i can live with..i figure if it goes down..i can at least make something whilst long term target is in progress..1.6050 i figure maybe tested at least in future

at least now if it tanks..that be wonderfull..lol
also news..i think perhaps sensible thing to do

it possible next month to see 1.6..b4 attempting higher assuming we remain here till month close
Hi nAVIN good to see your are back.
  • #310,200
  • Apr 27, 2012 6:57am Apr 27, 2012 6:57am
ON 5min TF it seem attempt to make another new high.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m5.gif Size: 43 KB
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