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Cable Update (GBPUSD)

  • #313,601
  • May 17, 2012 6:53am May 17, 2012 6:53am
Quoting belekas
Money brings freedom, but happiness comes from within. With great power comes great responsibility
Beautiful words makes beautiful phrases,gives the truth of things.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #313,602
  • May 17, 2012 6:58am May 17, 2012 6:58am
i hope all went with the trend, at first i took a 48 pip loss going long now im up over 170 pips for the week, thats how my system works it turns when the market turns just a liitle late at times.
  • #313,603
  • May 17, 2012 7:06am May 17, 2012 7:06am
Quoting bguguen
he sure sounds like a wise man!
Someone who is pushing a yearly turnover over 1.5bln surely knows his paper
  • #313,604
  • May 17, 2012 7:09am May 17, 2012 7:09am
Quoting PoundTrader
i hope all went with the trend, at first i took a 48 pip loss going long now im up over 170 pips for the week, thats how my system works it turns when the market turns just a liitle late at times.
I went short @ 5874 and showing a +170 pips. You must have shorted near my price level too, which is encouraging for me.

Easy work and may the drop continues.

KR
  • #313,605
  • May 17, 2012 7:10am May 17, 2012 7:10am
BoE's Fisher just jump out and say no need for QE unless deep recession threatens, the next minute he then say would be uncomfortable with continued GBP appreciation, lol, if he want GBP down, isn't the best way is to do a QE???

Love to see these people stir things up, create fun factor, but hope they add more value than just pure volatility...
  • #313,606
  • May 17, 2012 7:12am May 17, 2012 7:12am
or is it a little bump with USA.
  • #313,607
  • May 17, 2012 7:14am May 17, 2012 7:14am
Quoting bguguen
daily low was recorded at 5787 which was close enough to the area i warned about.... we may be seeing a retracement first before another leg down my friend....
so hold tight...
You called that spot on Bg, fair play bro... I shall be learning what i can from you haha
  • #313,608
  • May 17, 2012 7:14am May 17, 2012 7:14am
Quoting A-speculator
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..
Ok, back home from work.
Im not sure 58 is the last line of bullish defence Specs.
Watch this level, it has history. I'm not saying it won't break but the 50 fib at 5770 definately needs to be respected that's all
Off to bed, night all.
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Come with me if you want to live....
  • #313,609
  • May 17, 2012 7:22am May 17, 2012 7:22am
Ok I see news is bad Bg ,but im thinking what price did res is strong here look to D1 close


Quoting bguguen
he sure sounds like a wise man!
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,610
  • May 17, 2012 7:26am May 17, 2012 7:26am
and gbp
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #313,611
  • May 17, 2012 7:44am May 17, 2012 7:44am
Scale out #3 @ AWR for +200.)
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  • #313,612
  • May 17, 2012 7:48am May 17, 2012 7:48am
Quoting bguguen
Problem is i try my best to give my analysis but im not always right... but im pretty sure this drop was way overdue since the rally from 1.52
Hey bguguen

just my 2 cents.if u feel it's worth then take it or else skip it.

Trading is easy but we make it complicated.As long as your are with trend it will pay you.

The only thing that is definite in forex is trend it trend.it pays you r kills you.

sorry i was trading so i couldn't reply.

i just have 7 legs on Gbp/Usd
and 8 legs on Gbp/Jpy....

Don't try to think to much...just see the trend and be in the trend...

happy pippin...
I am a hunter...i kill both bulls and bears...
  • #313,613
  • May 17, 2012 7:52am May 17, 2012 7:52am
I don't know if this is legit, but at least I'll sleep tonight
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  • #313,614
  • May 17, 2012 7:59am May 17, 2012 7:59am
guys, watch out for a possible bounce at 1.5775. 50% retracement of 1.5236/1.6300 up move.
  • #313,615
  • May 17, 2012 8:02am May 17, 2012 8:02am
Quoting michiyo
guys, watch out for a possible bounce at 1.5775. 50% retracement of 1.5236/1.6300 up move.
thank you very much... i've posted similar advice couple hours ago saying 5780 target to watch possible support
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,616
  • May 17, 2012 8:06am May 17, 2012 8:06am
for past 1 hour i am waiting for the breakout...but it is not happening at 1.58

hmmm....i will wait 1 more hour...if this US session can't break it then i will return 2morow...most probably this breakout will occur 2morow if there is any bad news in europe...so i will have my position opened until i get confirmation on daily chart...

i already pipped 500+ pips on Gbp/Usd
and 500+ pips on Gbp/Jpy(this is a real beast for last 2 hours ran 100 pips)


happy pippin guys...
I am a hunter...i kill both bulls and bears...
  • #313,617
  • May 17, 2012 8:16am May 17, 2012 8:16am
I'm out working all day tmr, back 1-2 hours after london opening time, - which way you think it will break - any more confirmation on that? pretty please !
I have few trades (bull) - wasnt expecting this to happen tday - or be so big
when you say break - it means either way?

another crazy friday?

VB
  • #313,618
  • May 17, 2012 8:21am May 17, 2012 8:21am
Guess what guys.... im actually hoping for a retracement on GBPUSD.... or some sort of pullback...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,619
  • May 17, 2012 8:33am May 17, 2012 8:33am
Quoting bguguen
Guess what guys.... im actually hoping for a retracement on GBPUSD.... or some sort of pullback...
so we can sell on the better price "again"
  • #313,620
  • May 17, 2012 8:35am May 17, 2012 8:35am
Quoting jajano
so we can sell on the better price "again"
Well for me, its to retrace so my bot can close out the longs it got at 5883 then yes the bot go on a sellmode from there....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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