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Cable Update (GBPUSD)

  • #313,701
  • May 18, 2012 1:51am May 18, 2012 1:51am
Quoting fxkiller
levels to watch

breakout of 5800 will bring us to 5690
still valid..

below 5770

we are going to 5690-5630

cable now below 5830 will be still a downtrend for me..
  • #313,702
  • May 18, 2012 1:52am May 18, 2012 1:52am
Quoting A-speculator
in my point of view, i would like to short it at 5900 support turned resistance. but for that far move up to happen, we should get retracement candle on daily and atm there's no candle telling us anything of movement that far.. so the lower resistance would be 5800 and i think that might be possible..
besides cable, i'm looking to short aussie at 9870.. cable seems to far away and i might not get in today i think..
  • #313,703
  • May 18, 2012 1:54am May 18, 2012 1:54am
Quoting A-speculator
besides cable, i'm looking to short aussie at 9870.. cable seems to far away and i might not get in today i think..
Quoting fxkiller
still valid..

below 5770

we are going to 5690-5630

cable now below 5830 will be still a downtrend for me..
Yes yes... guess where my retracement target is for today... 5820.... waht are the coincidences.... if it reaches tehre i will short too...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,704
  • May 18, 2012 1:57am May 18, 2012 1:57am
Quoting bguguen
Yes yes... guess where my retracement target is for today... 5820.... waht are the coincidences.... if it reaches tehre i will short too...
nope, 5800 area does not interest me.. i won't short there unless it moves lower first cause it's just few pips from current price..
  • #313,705
  • May 18, 2012 1:58am May 18, 2012 1:58am
Quoting A-speculator
nope, 5800 area does not interest me.. i won't short there unless it moves lower first cause it's just few pips from current price..
how much more lower do you need it man?? i told you 5750 is a support and we are bouncing of it an hour ago...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,706
  • May 18, 2012 2:04am May 18, 2012 2:04am
Quoting bguguen
how much more lower do you need it man?? i told you 5750 is a support and we are bouncing of it an hour ago...
this is cable mate.. 50 pips of move is nothing.. how's that's look good in 4h.. 50 pips of candle on cable in 4h does not make up anything imho.. maybe i'll be interested in the higher 5800 area..

i want to see clear retracement in 4h first i guess, so i'm expecting quite a retracement.. it might not happen today, who knows..
  • #313,707
  • May 18, 2012 2:11am May 18, 2012 2:11am
Quoting druckerei
Wait for next Tuesday when some critical data will be revealed:

10:30 CPI y/y
10:30 Public Sector Net Borrowing
10:30 RPI y/y
10:30 BOE Inflation Letter

I would say that GBP will fell due to high CPI due to monetizing their debt thrue bond repurchasing. Be ready to take some pips trading this news.
copy that
  • #313,708
  • May 18, 2012 2:22am May 18, 2012 2:22am
5780
i know we eventually will be together
  • #313,709
  • May 18, 2012 2:24am May 18, 2012 2:24am
Quoting smart boy
5780
Time for bears to take a rest... this fella going to 5820 before another leg down....
but then again 5750 is a major support though.... 6300-5750... Mid point if its going to retrace would lie around 5950 ish...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,710
  • May 18, 2012 2:32am May 18, 2012 2:32am
nice pullback

should i sell again?
  • #313,711
  • May 18, 2012 2:33am May 18, 2012 2:33am
Quoting bguguen
Time for bears to take a rest... this fella going to 5820 before another leg down....
but then again 5750 is a major support though.... 6300-5750... Mid point if its going to retrace would lie around 5950 ish...
make it 5885 mate.. i'd be happy to short that price if it gets there..
  • #313,712
  • May 18, 2012 2:33am May 18, 2012 2:33am
Quoting A-speculator
make it 5885 mate.. i'd be happy to short that price if it gets there..
It's possible dude... look at H4 dude....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,713
  • May 18, 2012 2:33am May 18, 2012 2:33am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Good one mate, you pointed the right level....
I reckon 5890 before we see any move down...today I see spike up...we have facebook IPO and lot of equity selling is to BUY the IPO at discount price before it goes higer. Traders are expecting 50-100 % higer then it's quoted price of $38. So we can see massive boost in equities if and when IPO is live and so spike higher I am anticipating to take SL out too unless banks are controlling it.

You need dollars to buy facebook...hence massive dollar buying.

Quoting bguguen
Time for bears to take a rest... this fella going to 5820 before another leg down....
but then again 5750 is a major support though.... 6300-5750... Mid point if its going to retrace would lie around 5950 ish...
  • #313,714
  • May 18, 2012 2:35am May 18, 2012 2:35am
Quoting jajano
nice pullback

should i sell again?

wait a bit dude.... in fact try to short as close to 5900 as possible
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,715
  • May 18, 2012 2:37am May 18, 2012 2:37am
Quoting bguguen
It's possible dude... look at H4 dude....
i know.. i see the retracement coming.. actually 5740 area is the 161 fibo from 6120-5887..
  • #313,716
  • May 18, 2012 2:41am May 18, 2012 2:41am
Quoting A-speculator
i know.. i see the retracement coming.. actually 5740 area is the 161 fibo from 6120-5887..
considering the move from current price to about 5900 is few hundreds pips away, it might not get there today, unless it goes there in a straight line..lol.
  • #313,717
  • May 18, 2012 2:41am May 18, 2012 2:41am
Quoting A-speculator
i know.. i see the retracement coming.. actually 5740 area is the 161 fibo from 6120-5887..
or.... 50% of 5200-6300....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #313,718
  • May 18, 2012 2:44am May 18, 2012 2:44am
Quoting bguguen
or.... 50% of 5200-6300....
so it's a confluence area then.. no wonder we get such a volume on the pullback
  • #313,719
  • May 18, 2012 2:47am May 18, 2012 2:47am
Quoting A-speculator
so it's a confluence area then.. no wonder we get such a volume on the pullback
considering weekly closed, perhaps we might not get anywhere near the 5900 this week since the weekly must closed below 5900 area convincingly to validate weekly breakout candle.. but who knows..
  • #313,720
  • May 18, 2012 2:47am May 18, 2012 2:47am
Quoting bguguen
wait a bit dude.... in fact try to short as close to 5900 as possible
thx dude

my pending sell arround 5850

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