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Cable Update (GBPUSD)

  • #312,041
  • May 8, 2012 7:05am May 8, 2012 7:05am
long
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  • #312,042
  • May 8, 2012 7:09am May 8, 2012 7:09am
Quoting Ill-b-back
6060, let's see, maybe later in week once this snake settles down.
You say snail but already range for the day is 75 pips. average is around 80-90 pips. so does it go above 1.62 or fall below 1.6125
  • #312,043
  • May 8, 2012 7:24am May 8, 2012 7:24am
Quoting Nachiket
You say snail but already range for the day is 75 pips. average is around 80-90 pips. so does it go above 1.62 or fall below 1.6125
i don't think we will go above 6160.. imho.
  • #312,044
  • May 8, 2012 7:32am May 8, 2012 7:32am
Quoting Nachiket
You say snail but already range for the day is 75 pips. average is around 80-90 pips. so does it go above 1.62 or fall below 1.6125
It's been slow most of the year. I don't know where it goes today but thinking to 62. My momentum indi suggestive of more fall, soonish. 6060 is just me forecasting what I think my system will tell me later in the week but it's just a forecast, I won't really know until I get a signal. So I guess upto 62 area then down to 6060 area then up to 63 I got to laugh at my own forecasting BS.
Come with me if you want to live....
  • #312,045
  • May 8, 2012 7:36am May 8, 2012 7:36am
Quoting Ill-b-back
It's been slow most of the year. I don't know where it goes today but thinking to 62. My momentum indi suggestive of more fall, soonish. 6060 is just me forecasting what I think my system will tell me later in the week but it's just a forecast, I won't really know until I get a signal. So I guess upto 62 area then down to 6060 area then up to 63 I got to laugh at my own forecasting BS.
we might have breakout in fiber (breakout of 1.3) and i don't think we will see anything higher on cable than 6160.. imho.
  • #312,046
  • May 8, 2012 7:39am May 8, 2012 7:39am
Quoting A-speculator
we might have breakout in fiber (breakout of 1.3) and i don't think we will see anything higher on cable than 6160.. imho.
He he, remember 59 , just kidding bro, your probably right, I don't really know, but cable can certainly surprise.
Come with me if you want to live....
  • #312,047
  • May 8, 2012 7:40am May 8, 2012 7:40am
Quoting Ill-b-back
He he, remember 59 , just kidding bro, your probably right, I don't really know, but cable can certainly surprise.
based on current momentum, i think cable might get below 6100 in the near term.. and talking about 5900, i think there's slight chances we might get to 5900 if and only if 1.6/6060 breaks..
  • #312,048
  • May 8, 2012 7:42am May 8, 2012 7:42am
Quoting A-speculator
based on current momentum, i think cable might get below 6100 in the near term..
That would be nice also, could get a good setup under there.
Come with me if you want to live....
  • #312,049
  • May 8, 2012 7:45am May 8, 2012 7:45am
Bulls, this message is for you to get out...
Brace yourselves...
as i said before. we may have topped out and H4 already showing sign of an Ichimoku Cloud break out to the downside...
First Sign of GBPUSD weekness in weeks
Looking into Longer time frame, we may have topped out last friday where GBPUSD meets the RED downwards trendline roughly around 1.62 area
Personally i'd be interested to short if GBPUSD gets back up to that trendline rather than longing...

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We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #312,050
  • May 8, 2012 7:45am May 8, 2012 7:45am
Quoting Ill-b-back
That would be nice also, could get a good setup under there.
alright mate. i wish you lots of green pips..

see u late mate.
  • #312,051
  • May 8, 2012 7:52am May 8, 2012 7:52am
Quoting A-speculator
based on current momentum, i think cable might get below 6100 in the near term.. and talking about 5900, i think there's slight chances we might get to 5900 if and only if 1.6/6060 breaks..
Man, just checked my chart, didn't realise she dropped do fast, last I looked we were at 6156. NY will do her thing while I'm asleep as usual.
Come with me if you want to live....
  • #312,052
  • May 8, 2012 7:55am May 8, 2012 7:55am
Quoting A-speculator
alright mate. i wish you lots of green pips..

see u late mate.
You too brother, good night Specs.
Come with me if you want to live....
  • #312,053
  • May 8, 2012 7:58am May 8, 2012 7:58am
please check D1

Quoting KlSaso
long
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,054
  • May 8, 2012 7:59am May 8, 2012 7:59am
Quoting bguguen
Bulls, this message is for you to get out...
Brace yourselves...
as i said before. we may have topped out and H4 already showing sign of an Ichimoku Cloud break out to the downside...
Yeah H4 looking very bearish indeed H1 attacked 1,6120 level third time since yesterday with 1.6160 as a top for the moment. If it won't breach 160 today drop is very very possible now.
Regards
swing it!
  • #312,055
  • May 8, 2012 8:03am May 8, 2012 8:03am
look to sell


Quoting Bones
please check D1
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #312,056
  • Edited 8:36am May 8, 2012 8:03am | Edited 8:36am
Quoting fontu
gu breaks previous lows & so 5th wave down as a result & so will wait it end again, that at some lows ! 3 of last 5th running !
fontu
Left market with a pending buy but not activated unfortunately due spread perhaps . anyway time to take again with sl below 6113 ( just below 6100 actually ) . lets see what happen in this tag of war running , no plain pa !!

limit for bear further goes to 6174 , breaks confirmation 6182 & 6198 for bull continue if . otherwise break 6124 to low again for some or so ( towards 6036) .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #312,057
  • May 8, 2012 8:29am May 8, 2012 8:29am
Quoting PoundTrader
im long at 1.6136, s/l 1.6084, t/p 1.6204
man
  • #312,058
  • May 8, 2012 8:31am May 8, 2012 8:31am
opportunity for buyers testing 1.61 area unless the intraday price close below it.

Should price close above 1.62 area today, range from 1.61 to 1.63 at play :-)
The market will deceive you. Make your own judgement.
  • #312,059
  • May 8, 2012 8:36am May 8, 2012 8:36am
I JUST GOT NOOBALATED with that stop hunt which i knew it was should of moved it but didnt want to risk more than i should. Should of known better than to trade right now and just waited for confirmation!

SHOULD OF SHOULD OF but didnt haha
  • #312,060
  • May 8, 2012 8:44am May 8, 2012 8:44am
Quoting Bones
look to sell
strange
If you believe in sell at this time, so why did you say that i am incorrect?
Quote
Haha right what happened ?
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