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Cable Update (GBPUSD)

  • #312,201
  • May 9, 2012 3:05am May 9, 2012 3:05am
This is what i see in cable in coming days....comments?????

http://img32.imageshack.us/img32/8415/cable2s.jpg
May the pips be with me !!!
  • #312,202
  • May 9, 2012 3:20am May 9, 2012 3:20am
so far it looks to me like a pullback to retest channel breakout..
Attached Image (click to enlarge)
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  • #312,203
  • May 9, 2012 3:23am May 9, 2012 3:23am
Quoting ahlude
This is what i see in cable in coming days....comments?????

http://img32.imageshack.us/img32/8415/cable2s.jpg
good picture but has no weight because unless yur scalping which i doubt..look at my 4hr as an example..it gives me a direction
  • #312,204
  • May 9, 2012 3:23am May 9, 2012 3:23am
im flat navin, look like we could be heading south
  • #312,205
  • May 9, 2012 3:24am May 9, 2012 3:24am
Morning all!

They keep Lizzy in a box will she pop above?

http://s14.postimage.org/acv94aps1/cabel.gif
gif hosting
swing it!
  • #312,206
  • May 9, 2012 3:26am May 9, 2012 3:26am
Quoting PoundTrader
im flat navin, look like we could be heading south

not easy to tell but i do see PA supporting a flag..one thing i will say thou..might tank tomorrow..but not today!!..comb building on dailly
  • #312,207
  • May 9, 2012 3:26am May 9, 2012 3:26am
Quoting PoundTrader
im flat navin, look like we could be heading south

There had been some interesting market talk during this trading session regarding options expire numbers and also talk of England Banks and what they are doing currenlty.

Based on price action across many different instruments there does not seem to be very much strength at the moment in anything.....
I don't trust any move - when you have profit...take it.
  • #312,208
  • May 9, 2012 3:27am May 9, 2012 3:27am
Quoting Amir_Forex


We R in the same boat.


Yea


right from here



btw U can keep on laughing thru flying









But I got this.
Daily momentum (shown on 4hr chart in indicator window) is clearly down
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #312,209
  • Edited 3:43am May 9, 2012 3:30am | Edited 3:43am
still hanging around! either breaks limit 6170 with confirmation 6184 & 98 to up or breaks 6129,24 & confirmation 6113 to down .as in small bear set up a likely spike up to decide , down next or up continue .better wait & see before an action .

uj at cretical level approaching again & gold continued down at great bo.eu still above previous bottom having gap remain upside .


fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #312,210
  • May 9, 2012 3:31am May 9, 2012 3:31am
Dinner time here. Let's hope for pips, goodnight.
Come with me if you want to live....
  • #312,211
  • May 9, 2012 3:34am May 9, 2012 3:34am
Quoting Ill-b-back
we are on the same page, but my modified daily MACD suggests we have further to drop before going there. Personally I am looking for 6060 for a solid buy based on PA. Are you thinking 6330 from here?
for the way that Cable has been trading I just don't understand how someone can say ya - we are going to 1.6330 - there are so many curves and turns in the road that even if we move up there are many many different stops along the way including pullbacks and false breakouts etc.......I wish people would not post such nonesense as new traders will look at that and go long think we are going straight to 1.6330 - as I say trade safe.

Faller.
I don't trust any move - when you have profit...take it.
  • #312,212
  • May 9, 2012 3:34am May 9, 2012 3:34am
unless you can see a specific repeating pattern in any t/f that in any case may only point to the greater probability - talk of future price direction scenarios is just idle speculation - no one knows.
-------------------------------------------------
Uk 30yr bond auction imminent ?
-------------------------------
Mni saying offers likely 6160/70 then 6190/00, bids same @ 6125/30, 6100/10
-----------------------------
20 day atr down to 84 pips !


G/L
ex member
  • #312,213
  • May 9, 2012 3:35am May 9, 2012 3:35am
Quoting fontu
still hanging around! either breaks limit 6170 with confirmation 6184 & 98 to up or breaks 6129,24 & confirmation 6113 to down .as in small bear set up a likely spike up to decide , down next or up continue .better wait & see before an action .

fontu

Based on price action and news and comments out of the central banks this could be an interesting spot to look at. Good eyes on the chart.

Faller.
I don't trust any move - when you have profit...take it.
  • #312,214
  • May 9, 2012 3:38am May 9, 2012 3:38am
to most of u it looks like i trade blindly ..we have a slight issue..gbp strength has delivered as expected problem is USD is gaining

and we have a fight between Chicago bull and london (west end bull)

question which bull going to run for da hill

Quoting Faller
for the way that Cable has been trading I just don't understand how someone can say ya - we are going to 1.6330 - there are so many curves and turns in the road that even if we move up there are many many different stops along the way including pullbacks and false breakouts etc.......I wish people would not post such nonesense as new traders will look at that and go long think we are going straight to 1.6330 - as I say trade safe.

Faller.

only reason cable isnt moving is because gbp is bought like a mofo..if USD even slips..kiss it quick..cause me gone..lol
Attached Image
  • #312,215
  • May 9, 2012 3:40am May 9, 2012 3:40am
Quoting nAVIN2007
to most of u it looks like i trade blindly ..we have a slight issue..gbp strength has delivered as expected problem is USD is gaining

and we have a fight between Chicago bull and london (west end bull)

question which bull going to run for da hill




only reason cable isnt moving is because gbp is bought like a mofo..if USD even slips..kiss it quick..cause me gone..lol

Good morning nAVIN.....
I don't trust any move - when you have profit...take it.
  • #312,216
  • May 9, 2012 3:42am May 9, 2012 3:42am
Quoting Faller
Good morning nAVIN.....

morning bro

question is which is the stronger bull?????????
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  • #312,217
  • May 9, 2012 3:49am May 9, 2012 3:49am
its been 1 week and a half now.. still nothing happen here... just bag almost 5000 pips of xau... and the cable still here.... well.. now for me if I want to sell this now.. I really want to see the cable going up for 20 - 30 pips, which I doubt the market going to give it up... then I going to sell it...
  • #312,218
  • May 9, 2012 3:52am May 9, 2012 3:52am
Quoting nAVIN2007
morning bro

question is which is the stronger bull?????????

honestly I don't believe either are very strong bull - but u know me!

I don't trust any move - when you have profit...take it.
  • #312,219
  • May 9, 2012 3:53am May 9, 2012 3:53am
Quoting Johnny Depp
its been 1 week and a half now.. still nothing happen here... just bag almost 5000 pips of xau... and the cable still here.... well.. now for me if I want to sell this now.. I really want to see the cable going up for 20 - 30 pips, which I doubt the market going to give it up... then I going to sell it...

That's awesome!!!! Nice trading!
I don't trust any move - when you have profit...take it.
  • #312,220
  • May 9, 2012 3:57am May 9, 2012 3:57am
big bearish momentum is happening , let's see if it can break the boring range lol
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