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Cable Update (GBPUSD)

  • #313,541
  • May 17, 2012 4:45am May 17, 2012 4:45am
Quoting corpo30
Storm is over.
LOL
over??? are we there yet ??
  • #313,542
  • May 17, 2012 4:47am May 17, 2012 4:47am
Quoting bguguen
Wait till you see US employment claims....
what we expect ?
  • #313,543
  • May 17, 2012 4:47am May 17, 2012 4:47am
Quoting bguguen
like i said.... the support that will come in is not anywhere at 5800, but rather 5780, your hope is that the big boys behind (who ive been warning people around that they have been manipulating the GBP to an extreme) will finally have their books balanced so they can start to go easy on the markets...
I'm pretty sure the rally we had a month ago and the quick sell off we're having is all big boy's work....
even they know they've pushed GBPUSD too far up now its time to push it back down... your question though... where is the equilibrium....
well...

Ok bro, I will just monitor for time being. Currently short from 5890 (missed the start, got to computer late :-(
was trying to establish best entry for long pull back but will remain short until some real confirmaton of a bullish reversal starts to gather pace..

Thanks
  • #313,544
  • May 17, 2012 4:49am May 17, 2012 4:49am
Also I think you can safely look at $ monthly A


Quoting A-speculator
thanks mate.. that's very useful.
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx 17-5 12 monthly.gif Size: 21 KB
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  • #313,545
  • May 17, 2012 4:51am May 17, 2012 4:51am
Bg ,you ever seen X files Ha Ha


Quoting bguguen
Genius..... you know what though?? navin also had 1.63 in his eyes as a reversal point... but he got too greedy hoping it'll break and go to 1.65 like the rest of the bulls around here who called me crazy when i say manipulated rally....
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  • #313,546
  • May 17, 2012 4:52am May 17, 2012 4:52am
Quoting jajano
what we expect ?
im expecting a lower than expected employment claim....
But if this thing goes back to threated 400k.... we may finally see a retracement in GBPUSD
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,547
  • May 17, 2012 4:54am May 17, 2012 4:54am
Quoting Bones
Bg ,you ever seen X files Ha Ha
Nah but i know what it is.... this sci-fi tv series i remember... but i was way too young when it was on air....

ironically im starting to go over the Twilight Zone series now that im 20 yrs old....i doubt id understand anything if i watch it when im 10 or so... LOL
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,548
  • May 17, 2012 4:55am May 17, 2012 4:55am
news whatever it is I feel positive ,dont try to work out leave with banks
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  • #313,549
  • May 17, 2012 4:55am May 17, 2012 4:55am
Is it time to buy Cable? Anyone?
  • #313,550
  • May 17, 2012 4:56am May 17, 2012 4:56am
It was Very good in its day ,lol

Conspiracy's everywhere watch your back type stuff ha ha


Quoting bguguen
Nah but i know what it is.... this sci-fi tv series i remember... but i was way too young when it was on air....

ironically im starting to go over the Twilight Zone series now that im 20 yrs old....i doubt id understand anything if i watch it when im 10 or so... LOL
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  • #313,551
  • May 17, 2012 5:00am May 17, 2012 5:00am
No
Attached Image (click to enlarge)
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  • #313,552
  • May 17, 2012 5:00am May 17, 2012 5:00am
Quoting Bones
It was Very good in its day ,lol

Conspiracy's everywhere watch your back type stuff ha ha
Oh shit the sound of consipracy is turning me on....

but not now... im preparing for my statistics exams later this afternoon mate.... better wish me best of luck cuz i dont think im ready for it..... had way too much projectwork due this week that i couldnt revise for this exam...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,553
  • May 17, 2012 5:05am May 17, 2012 5:05am
Quoting bguguen
Oh shit the sound of consipracy is turning me on....

but not now... im preparing for my statistics exams later this afternoon mate.... better wish me best of luck cuz i dont think im ready for it..... had way too much projectwork due this week that i couldnt revise for this exam...

Best of luck anyway bro, sure you'll be fine
  • #313,554
  • May 17, 2012 5:05am May 17, 2012 5:05am
Quoting A-speculator
i think if 5800 breaks, cable gonna go for a freefall.. who knows where's the bottom, never really care to search for it..
Specs, I am not saying this from a bullish biased perspective, but the 50 fib is at 5870 or so. Look what happened when we fell from 5990 to the 50 fib just below visual support a couple of months or so back. She reversed right off the 50 fi back thru support turned resistance. We are in a quarterly chart cycle so monthly candles mean more than weekly ones. Just heads up of shorting big off a retrace from 5770 that's all bro.
Come with me if you want to live....
  • #313,555
  • May 17, 2012 5:05am May 17, 2012 5:05am
Good luck buddy same here not enough work going on
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  • #313,556
  • May 17, 2012 5:12am May 17, 2012 5:12am
Quoting bguguen
im expecting a lower than expected employment claim....
But if this thing goes back to threated 400k.... we may finally see a retracement in GBPUSD
retracement huh..
is this the right time to close my position ?
or hold it ?
  • #313,557
  • May 17, 2012 5:14am May 17, 2012 5:14am
Quoting Ill-b-back
Specs, I am not saying this from a bullish biased perspective, but the 50 fib is at 5870 or so. Look what happened when we fell from 5990 to the 50 fib just below visual support a couple of months or so back. She reversed right off the 50 fi back thru support turned resistance. We are in a quarterly chart cycle so monthly candles mean more than weekly ones. Just heads up of shorting big off a retrace from 5770 that's all bro.
5900 is definitely the first sign of bearish bias but 5800 is quite a meaningful support also, since it is the last swing low in daily..
  • #313,558
  • May 17, 2012 5:14am May 17, 2012 5:14am
Quoting jajano
retracement huh..
is this the right time to close my position ?
or hold it ?
i'd say wait and see.... let the release come out first and see how PA reacts...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,559
  • May 17, 2012 5:19am May 17, 2012 5:19am
2.6300 /1.7200 =1.5290
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  • #313,560
  • May 17, 2012 5:22am May 17, 2012 5:22am
Make sense ?


Quoting Bones
2.6300 /1.7200 =1.5290
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