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Cable Update (GBPUSD)

  • #314,141
  • May 21, 2012 8:43am May 21, 2012 8:43am
PA should make a decision dive or climb... stop this trambollino thing!
  • #314,142
  • May 21, 2012 8:45am May 21, 2012 8:45am
well when i write a post with some chart and say PA may indicate bearish continuation, i really see it. Ok today this pair is making us crazy with this up and down, but overall we're in a retrace and currently pointing down to trend continuation (hopefully!).
Ok stop posting for today, good luck all!
  • #314,143
  • Edited 9:03am May 21, 2012 8:51am | Edited 9:03am
Quoting tunera
ROTFL
Yes ultimately is all bullshit, the only thing that is reliable in this game are the trends, but cable is a pair that havn't a good relation with trends (one day trend up, one day trend down, long-term consolidation, hard to define a trend on this pair).
But ok if we look the last week, we can say somehow the trend may be currently down


https://twitter.com/#!/kathylienfx/s...137281/photo/1

  • #314,144
  • May 21, 2012 9:15am May 21, 2012 9:15am
gbp is down but usd is down too, so gbpusd is stuck

*gbpchf down, usdchf down, eurusd up.
  • #314,145
  • May 21, 2012 9:25am May 21, 2012 9:25am
Some direction would be nice...
Attached Image (click to enlarge)
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Show Me Your Pips!!!
  • #314,146
  • May 21, 2012 9:26am May 21, 2012 9:26am
Crazy day... I bought GU at 1.5794 with 1.5767 SL. I hope my position will be alive at tomorrow 10:30. I set my targets to 1.5946 and 1.6012.
"Study the past if you would define the future." Confucius
  • #314,147
  • May 21, 2012 9:47am May 21, 2012 9:47am
Quoting nAVIN2007


https://twitter.com/#!/kathylienfx/s...137281/photo/1


they are doing pic-nics, nice work!
  • #314,148
  • May 21, 2012 9:52am May 21, 2012 9:52am
looks like a big calm now on the pair, but it is on the edge of the collapse,
  • #314,149
  • May 21, 2012 9:54am May 21, 2012 9:54am
on cable till 767 from 797 sl 827

Inserted Video
  • #314,150
  • May 21, 2012 9:58am May 21, 2012 9:58am
Position reversed. what a boring day today...

Later guys... zzzzz.
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  • #314,151
  • May 21, 2012 10:03am May 21, 2012 10:03am
Quoting chazzle
on cable till 767 from 797 sl 827

http://www.youtube.com/watch?v=ErvgV4P6Fzc
You are trading to my stop
"Study the past if you would define the future." Confucius
  • #314,152
  • May 21, 2012 10:06am May 21, 2012 10:06am
Quoting littlemole
You are trading to my stop
good luck to both of us dude , however that works
  • #314,153
  • May 21, 2012 10:58am May 21, 2012 10:58am
No

Quoting nAVIN2007
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,154
  • May 21, 2012 10:59am May 21, 2012 10:59am
No way


Quoting nAVIN2007
i reckon we going to consolidate but move up..i dont know how but i think it could attempt 1.63 again
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #314,155
  • May 21, 2012 11:38am May 21, 2012 11:38am
I believe were going to see a retraction to 1.6000
  • #314,156
  • May 21, 2012 11:38am May 21, 2012 11:38am
Quoting Bones
No way

  • #314,157
  • May 21, 2012 11:46am May 21, 2012 11:46am
Quoting Kaloo5
Some direction would be nice...
haha. Classic toon
  • #314,158
  • May 21, 2012 12:52pm May 21, 2012 12:52pm
Quoting torkay77
GBPNZD reached 2.1, a short bullish GBP correction can push it to take out the top, to go short we just need commodities and stocks to regain strength, whenever this will be

http://img.picshare.at/1337551861_Sc....-20-23.39.png
no new high but correction could turn into a reversal pattern, if price reaches point b it would be kind of a heald and shoulder or double top pattern
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Click to Enlarge Name: ScreenHunter_12 May. 21 21.51.jpg Size: 91 KB
  • #314,159
  • May 21, 2012 1:12pm May 21, 2012 1:12pm
I'm guessing there's a few bleeding bears out there tonight.
This volatility is not for the weak hearted.
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  • #314,160
  • May 21, 2012 1:18pm May 21, 2012 1:18pm
Quoting nAVIN2007
PA is indicating a "possible" anything
ultimately goes on to show how important it's to stick to plan. keep stoplosses logical, make sure we're getting good risk/rewards.

continuing to hold my 5900-6000 correction outlook since yesterday, i think 5740 print invalidates.
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