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Cable Update (GBPUSD)

  • #311,081
  • Edited 2:09am May 3, 2012 1:47am | Edited 2:09am
Quoting iqyu5an
i am bearish bias also till around 6050 but already fasten the seat belt at this level and clear all short position ...
ok but 6153 must break first & hold ultimately for next limit level 6061 and as it a limit price may still back from any level between 6153 -6061 at the same time , 6125/32 around should be precaution areas. so will watch to play as per.
wish good luck at the same time.
fontu

NOTE : UJ relation to usd strength as there gross bull in expectation , as seen yesterday .so risk appettite may ultimate back >weaken the dollar against risk currencies such as AUD, NZD, CAD, EUR and GBP and strengthen it against the yen.
anyway enough time before this start again .
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #311,082
  • May 3, 2012 1:59am May 3, 2012 1:59am
Quoting Ill-b-back
If she break 6159, then I think 6080 will be reached. This is my plan only and is not gospel. And this is definitely NOT meant as trading advice
Gospel
fontu for me is right in 6152/3 .. also agree that the key is greater than 59 imho ..
  • #311,083
  • May 3, 2012 2:17am May 3, 2012 2:17am
Quoting chess king
fontu for me is right in 6152/3 .. also agree that the key is greater than 59 imho ..
Ya I said in the morning. 1.6151 is make or break.
  • #311,084
  • May 3, 2012 2:18am May 3, 2012 2:18am
Quoting TauTrader
Good day to you,

The only little problem I see, is that Fiber has left his wallet on the bedside table of lady 1.3158 earlier. He's gonna have to go back to get it.

Should there be correlation - he may take GU with him for the short trip -but when will he realize that he is not able to pay for parking?

Regards
Simples. Just wanted to show that 5min charts do work too.

Going out for meetings - see you in a few hours. All success.

Regards
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  • #311,085
  • May 3, 2012 2:20am May 3, 2012 2:20am
Quoting Nachiket
Ya I said in the morning. 1.6151 is make or break.
  • #311,086
  • May 3, 2012 2:30am May 3, 2012 2:30am
thanks I-l-b-back
  • #311,087
  • May 3, 2012 2:32am May 3, 2012 2:32am
Quoting chess king
it's 30 points from current price ,I guess people are waiting for service PMI , if it's positive then it will explode , as we seen from this past days , with negative result GBP is still pumping up.
  • #311,088
  • May 3, 2012 2:40am May 3, 2012 2:40am
Quoting mrfxlee
it's 30 points from current price ,I guess people are waiting for service PMI , if it's positive then it will explode , as we seen from this past days , with negative result GBP is still pumping up.
explode? what was happening for the past 10 days. it hs exploded a lot. now is the time to defuse
  • #311,089
  • May 3, 2012 2:48am May 3, 2012 2:48am
does any one think it's up to 2016 ?
cause i sell in 6220 and think it will break 6078 ?
plz help
  • #311,090
  • May 3, 2012 2:52am May 3, 2012 2:52am
G/M

Yesterday's lo @ 6159 remains intact as does the pullback hi and the descending 1hr trend line - price meanderning between the two since.

Yesterday another bearish daily candle - 3rd ina row but like day before a longish tail so some buyers evident on the dip in the daily uptrend. 4hr has printed a L before 2 x LH's now so that general uptrend in some peril. 1hr is mixed-bearish.

@/below yesterday's lo:

[ 6166-58-45 prev 4hr sw hi zone incl 6163 = 61.8% 6077-6300
[ 6164-51 prev 4hr/1hr sw lo zone incl 6159 = Daily S1 @/around
6139-31 prev 1hr minor sw lo zone incl 6135 = 23.6% 5769-6300, and 6132 = Weekly S1 @/around
6130 76.4% 6077-6300
6120 Daily S2 @/around
6118-11 3 fib cluster incl 6112 = Monthly Pivot @/around, and 6111= 85.4% 6077-6300
6098 38.2% 5769-6300
6090-87-80 prev minor Daily/4hr/1hr sw lo zone
6080-75 prev 4hr/1hr sw lo zone incl 6080 = Daily S3 @/around
[ 6058-48 3 fib cluster
[ 6055-24 prev minor weekly/Daily sw hi zone (non immed)
[ 6045-41-36 prev 4hr/1hr sw lo zone incl 6035/34 = 50% 5769-6300/38.2% 5601-6300
6019-07 prev 4hr sw lo zone
6002 61.8% 5817-6300 & Weekly S2 @/around
5995 61.8% 5805-6300
[ 5982-66 prev minor Daily/4hr sw hi zone (non-immed) incl 5971=61.8% 5769-6300
[ 5970-62-57 prev 4hr sw lo zone
5952 50% 5601-6300
5932 76.4% 5817-6300
[ 5930-25 ascending Daily t/f t/line on present Daily candle
[ 5928 Weekly S3 @/around
[ 5926 Monthly S1 @/around
5923 76.4% 5805-6300
5910-5893 prev 4hr sw lo zone incl 5894 = 38.2% 5234-6300 and 76.4% 5769-6300
5889 85.4% 5817-6300
5879 85.4% 5805-6300
5873-60 prev 4hr sw lo zone incl 5869 = 61.8% 5601-6300
5847 85.4% 5769-6300
5824-16-03-5799 prev Daily/4hr swing lo zone (prev wkly sw lo zone to 5803)
5796-88-5769 prev Daily/4hr sw lo zone incl 5769 = 76.4% 5601-6300 and 50% 5234-6300

Immediately above current price - per 1hr near-term current screenshot below.

G/L
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ex member
  • #311,091
  • May 3, 2012 2:54am May 3, 2012 2:54am
Quoting Nachiket
explode? what was happening for the past 10 days. it hs exploded a lot. now is the time to defuse
it's too early to defuse , Next Month Perhaps , if ECB cut the interest rate
  • #311,092
  • May 3, 2012 2:54am May 3, 2012 2:54am
Quoting bguguen
Thank you bones... so you believe its topped out for now?? im slightly frustrated because i need GBPNZD to reach 1.9625
man thats just rising like there no tomorrow

looking for a doji on weekly..cable
  • #311,093
  • May 3, 2012 2:59am May 3, 2012 2:59am
Quoting nAVIN2007
man thats just rising like there no tomorrow

looking for a doji on weekly..cable
spread was too high for gbp/nzd when i checked with my broker today. 6 pips. i wanted to short it today.
  • #311,094
  • May 3, 2012 3:00am May 3, 2012 3:00am
Quoting nAVIN2007
man thats just rising like there no tomorrow

looking for a doji on weekly..cable
Nav how are you doing ? booked profit on ur gbp longs
  • #311,095
  • May 3, 2012 3:00am May 3, 2012 3:00am
Uk services PMI later at 0928/0930am Uk time.

Has anyone noticed that no one has mentioned 'manipulation' now price has been falling this week lol !

G/L
ex member
  • #311,096
  • May 3, 2012 3:06am May 3, 2012 3:06am
Quoting bbmac
Has anyone noticed that no one has mentioned 'manipulation' now price has been falling this week lol !
G/L
MANIPULATION!! Just sayin'.
  • #311,097
  • May 3, 2012 3:09am May 3, 2012 3:09am
Quoting Nachiket
Nav how are you doing ? booked profit on ur gbp longs

just the weak ones

i went short for 20 pips getting back the swap fees..now just need the mofo to go up..test the back of the ascending trendline..

I tried to do this b4 and got killed..quarterly still bullish and generally we test the top b4 falling..many are short too..testing my luck to be honest
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  • #311,098
  • May 3, 2012 3:10am May 3, 2012 3:10am
Quoting chess king
fontu for me is right in 6152/3 .. also agree that the key is greater than 59 imho ..
Yes sorry you are correct, I was referencing yesterday's low of 59. My order is at 54.
Come with me if you want to live....
  • #311,099
  • May 3, 2012 3:12am May 3, 2012 3:12am
Quoting nAVIN2007
just the weak ones

i went short for 20 pips getting back the swap fees..now just need the mofo to go up..test the back of the ascending trendline..

I tried to do this b4 and got killed..quarterly still bullish and generally we test the top b4 falling..many are short too..testing my luck to be honest
You're killing me bro
Come with me if you want to live....
  • #311,100
  • May 3, 2012 3:15am May 3, 2012 3:15am
Quoting Ill-b-back
You're killing me bro
..trading kills u one way or other..

i couldnt hold the short damn swap fee was ridiculous
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