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Cable Update (GBPUSD)

  • #313,221
  • May 15, 2012 2:54pm May 15, 2012 2:54pm
Quoting bguguen
i kinda like my chances that GBPUSD will break 1.60 and headed for 1.5750 areas...
with flatfish commenting how retail traders are moving towards buying GBP....and that retail traders are 95% wrong most of the time... genius post...
why it will hit 1.5750 ??
  • #313,222
  • May 15, 2012 2:56pm May 15, 2012 2:56pm
Quoting bguguen

you shorting or longing?

C U in The Sky

@ 1.64












Patterns have an underlying mathematical structure.
  • #313,223
  • May 15, 2012 2:58pm May 15, 2012 2:58pm
Quoting Amir_Forex

C U in The Sky



@ 1.64











I doubt it dear friend.... and you have been longs several places which didnt work out so well for you right now if i remember it correctly....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,224
  • May 15, 2012 3:02pm May 15, 2012 3:02pm
Quoting Ranke Ali
why it will hit 1.5750 ??
well 1.5750 is a long shot...but what is really the targets... 1.5900 being 38.2% fib retracement then 5780 @ 50% fib retracement....
what is holding GBPUSD from seeing these numbers is the immediate upwards trend support and i dare like my odds that this trendline will be broken and GBPUSD will ride its way down
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,225
  • May 15, 2012 3:02pm May 15, 2012 3:02pm
Quoting bguguen
I doubt it dear friend.... and you have been longs several places which didnt work out so well for you right now if i remember it correctly....


Just get in & enjoy







Patterns have an underlying mathematical structure.
  • #313,226
  • May 15, 2012 3:03pm May 15, 2012 3:03pm
Back in January (check my posts) I was bullish bullish bullish on the Pound.....called the bottom at 1.52 - ask nAVIN and Ill-be-back - I was very bullish......but my opinion changed as we approached 1.60 - I took a couple of punches to the chin (from the market) but I survived......I have kept my bearish stance through the rise to 1.63 and now our retrace from 1.63 to 1.60ish...........but my bear is fading.........you are rubbing off on my nAVIN......but seriously - there are a things that I am watching and well......nAVIN could be onto to something here (although he was about a year to early in his entry - - luv ya man!

But a long off the uptrend line from the beginning of the year - may not be a bad entry.

Trade your own trade......I am nobody.

Faller.
I don't trust any move - when you have profit...take it.
  • #313,227
  • May 15, 2012 3:04pm May 15, 2012 3:04pm
BTW im usually accurate at these stuff, i believe some frequent readers here might remember me calling AUDUSD to reach 0.95 and EURUSD to reach 1.25 by year end... well i think we are ahead of schedule....
though for GBPUSD.... my initial target was for GBPUSD to reach 1.50 but oh well it'll happen
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,228
  • May 15, 2012 3:30pm May 15, 2012 3:30pm
As BoE officials anticipate to see a more robust recovery in the second-half of 2012, the MPC may shift gears at the turn of the year, and we may see the central bank start to discuss withdrawing monetary support as policy makers no longer see a risk of undershooting the 2 percent target for inflation. In turn, we should see the upward trend in the GBPUSD continue to take shape, and we are looking for fresh yearly highs in the exchange rate as the committee looks to conclude its easing cycle.


http://www.thestreet.com/story/11536...se-course.html
I don't trust any move - when you have profit...take it.
  • #313,229
  • May 15, 2012 4:01pm May 15, 2012 4:01pm
Quoting bguguen
well 1.5750 is a long shot...but what is really the targets... 1.5900 being 38.2% fib retracement then 5780 @ 50% fib retracement....
what is holding GBPUSD from seeing these numbers is the immediate upwards trend support and i dare like my odds that this trendline will be broken and GBPUSD will ride its way down
1.59 might be a fib in a weekly chart for 38.2 but no real support to use that fib level, but if the pair continues a bit more down the next step would be ~1.58; there we have a major structure support; be aware of the retest that might happen to reach 1.605 level.
  • #313,230
  • May 15, 2012 4:38pm May 15, 2012 4:38pm
Market really is fractal

Quoting Bones
gold 5 min chart ,lol
Attached Image (click to enlarge)
Click to Enlarge Name: gold 15-5 , 5 min scalp.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,231
  • May 15, 2012 4:41pm May 15, 2012 4:41pm
Quoting Bones
Market really is fractal
nice to see ur doing well bones....loving the gold selloff....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,232
  • May 15, 2012 4:50pm May 15, 2012 4:50pm
Hi Bg how are you ? good day selling cable I believe

Quoting bguguen
nice to see ur doing well bones....loving the gold selloff....
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,233
  • May 15, 2012 5:00pm May 15, 2012 5:00pm
I am long from here. Short term I see a re-test of 1.6150 to 1.63 and if a new high is not reached....I would expect 1.52 to be tested eventually.

Long term I dont see any reason for pound strength. Med term I am bear as well but short term...I would like to see a re-test of the previous highs.
  • #313,234
  • May 15, 2012 5:14pm May 15, 2012 5:14pm
Quoting Fawlty
I am long from here. Short term I see a re-test of 1.6150 to 1.63 and if a new high is not reached....I would expect 1.52 to be tested eventually.

Long term I dont see any reason for pound strength. Med term I am bear as well but short term...I would like to see a re-test of the previous highs.
great idea! very similar to mine... except i dont expect a pullback up to 1.63
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,235
  • May 15, 2012 5:15pm May 15, 2012 5:15pm
Now were tight up ,indeed ,tl good


Quoting Bones
zoom in ,no macd no indicator really ,no lower if you want life
Attached Image (click to enlarge)
Click to Enlarge Name: gbp chf h4 15-5.png Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,236
  • May 15, 2012 5:18pm May 15, 2012 5:18pm
long into res,but tl bounce ,move stop to BE
Attached Image (click to enlarge)
Click to Enlarge Name: gbp chf trade.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,237
  • May 15, 2012 5:19pm May 15, 2012 5:19pm
off 1.5
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,238
  • May 15, 2012 5:23pm May 15, 2012 5:23pm
Well I'm wondering how helpful that is ...

Quoting Fawlty
I am long from here. Short term I see a re-test of 1.6150 to 1.63 and if a new high is not reached....I would expect 1.52 to be tested eventually.

Long term I dont see any reason for pound strength. Med term I am bear as well but short term...I would like to see a re-test of the previous highs.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,239
  • May 15, 2012 5:30pm May 15, 2012 5:30pm
Quoting Bones
Well I'm wondering how helpful that is ...
Lol Asia is dead quiet after the move we have..... London's gona open to see what NY has done to their Beloved GBP.... they will try to push it back up maybe up to 6050 just to trap some bulls into thinking we have a bounce then Tank again when NY is alone after London Close...
I FEEL Like i can predict this shit now that market is moving accordingly with the fundamentals.... i mean what did i say on Monday... Dont try picking bottom longing... instead look for sell on pullback, and look what happened in GBPUSD today.... love it when i can call the movements...
Movements like these are making sense to me now....
the rally from 1.52 up to 1.62?? no fucking sense at all.... i expect a bearish momentum to drive this thing down and beyond our low of 1.52 perhaps down to 1.50
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,240
  • May 15, 2012 5:42pm May 15, 2012 5:42pm
Quoting Bones
Market really is fractal
BTW bones... just incase you're interested since i see ur trading gold...

Interested to see 1450 in XAUUSD?? well i sure do, like i said.... Gold is a god damn bubble waiting to burst... and when it bursts people will flood back to USD....
Gold is a useless piece of metal where the price of it now is highly manipulated.... just like the Dutch Tulip Crisis....
Gold is only worth as much as the cost of it being produce, which is what?? labour cost+ cost to manufacture gold into gold bar?? im pretty sure thats a cheap process... maybe 400USD....

Gold has been around the world for ages, its a finite resources, but its a resource that DOESNT go exhausted/used up.... we dig up the gold, we turn them into gold coin, 2000 years later, gold is still around, the same gold coin is still where it is....
only reason why price of gold could fluctuate and fly high on speculative nature is that gold industries are very often regulated by Governments, as gold is the norm to store value for government and enterprises, as soon a government find actually substitute that could store value.... say FOOD?? CORN?? Gold will collapse like any bubble usually do....

Besides a poster we had called Allseeingeye made a good analysis, that Gold is not worth holding value anymore, Silver is... Silver has a better return....
XAGUSD at 27ish USD its easy to see XAGUSD reach 54USD rather than XAUUSD's 1543USD turning into 3086USD for a 100% Gain get what i mean??
One day people will realise... oh hey silver is cheap maybe we can start using silver to store value on risk aversion flows....
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdw1.15052012.2334.gif Size: 19 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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