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Cable Update (GBPUSD)

  • #311,161
  • May 3, 2012 5:13am May 3, 2012 5:13am
Quoting nAVIN2007
range on cable is seriously enough to make u quite or overleverage leading to account blow..
agree
  • #311,162
  • May 3, 2012 5:20am May 3, 2012 5:20am
either below 1.6170 or above 1.6200
  • #311,163
  • May 3, 2012 5:21am May 3, 2012 5:21am
43% of the 20 day atr (89pips) has been covered so far today and even on the sub 30min t/f's I've only seen 3 hi-prob trading opps so far in this London session. 57% of the 20 week atr (244pips) covered so far this week.

Yesterday's pullback hi off that 6159 lo was at the 61.8% of the daily Hi-Lo.

G/L
ex member
  • #311,164
  • May 3, 2012 5:24am May 3, 2012 5:24am
Quoting Nachiket
either below 1.6170 or above 1.6200
I am giving my level best
Attached Image
  • #311,165
  • May 3, 2012 5:26am May 3, 2012 5:26am
am thinking this ... but still flat for cable at the moment ...


Quoting iqyu5an
i am bearish bias also till around 6050 but already fasten the seat belt at this level and clear all short position ...
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not euphoria follower
  • #311,166
  • May 3, 2012 5:29am May 3, 2012 5:29am
SELL !! lol now

Quoting nAVIN2007
range on cable is seriously enough to make u quit or overleverage leading to account blow..

bguguen must have passed out now, looking at gbpnzd
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,167
  • May 3, 2012 5:34am May 3, 2012 5:34am
Quoting Bones
SELL !! lol now
i think its risky tone

its basically reacted on the support we have on our chart

the mofo is still on steroids
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  • #311,168
  • May 3, 2012 5:42am May 3, 2012 5:42am
Quoting nAVIN2007
bguguen must have passed out now, looking at gbpnzd

http://www.forexfactory.com/bguguen

look at his gbpnzd..damnit he is way overleveraged
  • #311,169
  • May 3, 2012 5:42am May 3, 2012 5:42am
At some point the bulls will likely mount a fight back to get back with the daily/weekly general opa uptrends and make a new HH above the last 6300 peak..that is the greater probability as PA stands at the moment on those t/f's - whether or not it plays out. Like every one else I don't know where this will be from or when it will happen - it might even have started or even whether it will succeed in a new HH above 6300 - at the moment on daily t/f as long as price remains above 6078 area - the last HL on that t/f then the general opa uptrend looks good, even a dip below there to a L won't be the end of the world for that general opa uptrend on that t/f but a HL is always preferable for an uptrend.

G/L
ex member
  • #311,170
  • May 3, 2012 5:47am May 3, 2012 5:47am
Quoting bbmac
At some point the bulls will likely mount a fight back to get back with the daily/weekly general opa uptrends and make a new Hh above the last 6300 peak..like every one else I don't know where this will be from or when it will happen - it might even have started - at the moment on daily t/f as long as price remains above 6078 area - the last HL on that t/f then the general opa uptrend looks good, even a dip below there to a L won't be the end of the world for that general opa uptrend on that t/f but a HL is always preferable for an uptrend.

G/L...

this is what concerns me..this levels has confluence and its a retrace to a strong fib..it could in theory trigger a big move..thou id be amazed
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  • #311,171
  • May 3, 2012 5:47am May 3, 2012 5:47am
Quoting nAVIN2007
http://www.forexfactory.com/bguguen

look at his gbpnzd..damnit he is way overleveraged
http://www.smileygarden.de/smilie/Schockiert/scared.gif
  • #311,172
  • May 3, 2012 5:52am May 3, 2012 5:52am
Quoting nAVIN2007
http://www.forexfactory.com/bguguen

look at his gbpnzd..damnit he is way overleveraged
Looks like the buy of the century to me
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Come with me if you want to live....
  • #311,173
  • May 3, 2012 5:54am May 3, 2012 5:54am
Quoting torkay77
http://www.smileygarden.de/smilie/Schockiert/scared.gif
I did say to him that one day he will trade fundamentals and he will get a shock..i think we seeing this day..

god help him
  • #311,174
  • May 3, 2012 5:55am May 3, 2012 5:55am
Quoting Ill-b-back
Looks like the buy of the century to me

dont fu*&&k with the pound
  • #311,175
  • May 3, 2012 5:55am May 3, 2012 5:55am
Quoting nAVIN2007
this is what concerns me..this levels has confluence and its a retrace to a strong fib..it could in theory trigger a big move..thou id be amazed
although cable likes it's 50% fibs and if you average the last 'real' swing on daily ie those 4hr 5803, 5807 and 5817 swings = av 5809 to that 6300 last peak then you get 6004 as that 50%.

Who knows ? anything can happen - you just gotta trade what you see. For me on the sub 30mins and 80% of trades off the 1min it doesn't really matter but for others it does more so.

G/L
ex member
  • #311,176
  • May 3, 2012 5:56am May 3, 2012 5:56am
Quoting Ill-b-back
Looks like the buy of the century to me
even i missed this diverence
  • #311,177
  • May 3, 2012 5:56am May 3, 2012 5:56am
Quoting nAVIN2007
did any1 suspend faller?
Yeah, yesterday I think. Not sure for how long, not too long I hope
Come with me if you want to live....
  • #311,178
  • May 3, 2012 5:57am May 3, 2012 5:57am
Quoting nAVIN2007
even i missed this diverence
I looooove my Diva
Come with me if you want to live....
  • #311,179
  • May 3, 2012 6:00am May 3, 2012 6:00am
Im not budging Nav


Quoting nAVIN2007
i think its risky tone

its basically reacted on the support we have on our chart

the mofo is still on steroids
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 3-5-12 6.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,180
  • May 3, 2012 6:02am May 3, 2012 6:02am
Quoting Bones
Im not budging Nav

i know this..
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