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Cable Update (GBPUSD)

  • #329,741
  • Nov 14, 2012 2:41am Nov 14, 2012 2:41am
Quoting nAVIN2007
all i know there is more traffic down then up..
Well it's also pretty oversold, imo the equilibrium point is at 1.6175, not a short-term view of course.
Seems like the down pressure is not yet finished, but well nothing last forever, probably we'll see another break of the lows before any serious bull move, or maybe not.
  • #329,742
  • Nov 14, 2012 2:53am Nov 14, 2012 2:53am
If we do go up, I don't see much beyond 5940 to be honest.

Got to go and tuck baby in for the night then watch taped "HOMELAND"

Goodluck everyone
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Come with me if you want to live....
  • #329,743
  • Nov 14, 2012 2:54am Nov 14, 2012 2:54am
Quoting tunera
Well it's also pretty oversold, imo the equilibrium point is at 1.6175, not a short-term view of course.
Seems like the down pressure is not yet finished, but well nothing last forever, probably we'll see another break of the lows before any serious bull move, or maybe not.

this is going to be all about the news if it good gbp probably bounce..if we see 1.5934 area and can stay there..i feel we going to reverse..and attack 1.6
  • #329,744
  • Nov 14, 2012 3:58am Nov 14, 2012 3:58am
How strong are the bulls ?

Uk Boe Qtrly Inflation report and Merv the Swerv press conf @ 1030am london

G/L
ex member
  • #329,745
  • Nov 14, 2012 4:02am Nov 14, 2012 4:02am
are gbp is going bullist or still bearih now pr still bullshit I don't see a pattern here
  • #329,746
  • Nov 14, 2012 4:05am Nov 14, 2012 4:05am
Quoting alam88009
are gbp is going bullist or still bearih now pr still bullshit I don't see a pattern here
mild bullish coz usdx is going down
  • #329,747
  • Nov 14, 2012 4:07am Nov 14, 2012 4:07am
Quoting bbmac
How strong are the bulls ?

Uk Boe Qtrly Inflation report and Merv the Swerv press conf @ 1030am london

G/L
BBMAC seems support the bear side which is over now and then
  • #329,748
  • Nov 14, 2012 4:10am Nov 14, 2012 4:10am
http://media.viva.co.id/thumbs2/2012...12_663_382.jpg
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not euphoria follower
  • #329,749
  • Nov 14, 2012 4:10am Nov 14, 2012 4:10am
Well first news was a damp squib from a trading perspective...10k more claimants but a reduction in people claiming benefits...mmmm, I know one of these indicators lag by a month but come on!!

Market quite stagnant, lets see what pressies BOE bring and give us some direction.

1.5915 yesterdays High on H1
  • #329,750
  • Nov 14, 2012 4:15am Nov 14, 2012 4:15am
Quoting gavalar
Well first news was a damp squib from a trading perspective...10k more claimants but a reduction in people claiming benefits...mmmm, I know one of these indicators lag by a month but come on!!

Market quite stagnant, lets see what pressies BOE bring and give us some direction.

1.5915 yesterdays High on H1

was thinking same..what a let down!!..we have pretty much been in a 25 pip channel for 2 days..
  • #329,751
  • Nov 14, 2012 4:16am Nov 14, 2012 4:16am
Quoting ForexRatVN
BBMAC seems support the bear side which is over now and then
On the t/f's of interest to me I have no real bias at the moment, although intraday so far is bullish. I just trade the set-ups associated with my edge as they present themselves - like everyone else I have no idea whether price will break to the up or downside.

G/L
ex member
  • #329,752
  • Nov 14, 2012 4:46am Nov 14, 2012 4:46am
will share my ideas online in 15minutes from now (@11.00 gmt till 12.00gmt)

-first 30minutes will be about
EUR JPY + EUR USD

-second 30minutes about
GPB USD + GOLD

link here
http://www.dukascopy.com/tv/Live
it's free. just "click to join"
90% of traders use TA, indicators and prediction
  • #329,753
  • Nov 14, 2012 4:48am Nov 14, 2012 4:48am
Lets see if this bear is strong enough. Maybe the next stop is 1.5747
  • #329,754
  • Nov 14, 2012 4:49am Nov 14, 2012 4:49am
Quoting nAVIN2007
was thinking same..what a let down!!..we have pretty much been in a 25 pip channel for 2 days..

well that was a better reaction.... unfortunately, I'm long
  • #329,755
  • Nov 14, 2012 4:56am Nov 14, 2012 4:56am
Merv (I'm short gbpusd) The Swerv strikes again lol !

How much demand first in the previous 1hr/4hr swing lo down to 5856, then the previous 4hr/daily swing lo zone to 5826 ? some fibs and daily/weekly s1 in that later one

G/L
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ex member
  • #329,756
  • Nov 14, 2012 5:12am Nov 14, 2012 5:12am
Quoting gavalar
well that was a better reaction.... unfortunately, I'm long

i see Gu going up..i just think we are a week too early..
just just gotta stay close to where we are (we better not go lower than 1.5830)..and we might see 1.61
  • #329,757
  • Nov 14, 2012 5:27am Nov 14, 2012 5:27am
Quoting nAVIN2007
i see Gu going up..i just think we are a week too early..
just just gotta stay close to where we are (we better not go lower than 1.5830)..and we might see 1.61
well its fighting that demand area bbmac has on h1, if that breaks we'll have to see next potential stop. if it clears back out of this demand area, I think it will go back up today.
  • #329,758
  • Nov 14, 2012 5:30am Nov 14, 2012 5:30am
Downward channel
  • #329,759
  • Nov 14, 2012 5:33am Nov 14, 2012 5:33am
it dipped into that wider previous 4hr/daily swing lo zone - Daily s1/Weekly s1 and a couple of fibs of the swings up from 5390 and 5752 both to the 6309 Hi in there too, in fact the current lo is right on 50% 5390-6309

G/L

Quoting gavalar
well its fighting that demand area bbmac has on h1, if that breaks we'll have to see next potential stop. if it clears back out of this demand area, I think it will go back up today.
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ex member
  • #329,760
  • Nov 14, 2012 5:39am Nov 14, 2012 5:39am
Already started scaling in long but this is the M30 level within H4.
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