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Cable Update (GBPUSD)

  • #333,981
  • Jan 17, 2013 3:30am Jan 17, 2013 3:30am
G/M,

Daily Pivot, touted offers 6020-30 and a 5 fib cluster of the major and minir swing hi's down to yesterday's lo at the current hi area today capping upside (for now?) General 1jr opa downtrend looks in doubt now but 4hr could be shaping up to be a bearflag ?

Yesterday's candle bearish and a downside breech and close below steepest weekly/daily ascending trend line but found support that has carried thru so far today in the previous daily swing lo zone - 3rd LL on daily at yesterday's Low.

G/L
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ex member
  • #333,982
  • Jan 17, 2013 3:32am Jan 17, 2013 3:32am
Quoting iqyu5an
..
90% of traders use TA, indicators and prediction
  • #333,983
  • Jan 17, 2013 3:34am Jan 17, 2013 3:34am
Pound is supposed to join the euro bull but in new york session. Euro will slow down for pound train.
When Scalpers win, I lose and Vice varsa...
  • #333,984
  • Jan 17, 2013 3:41am Jan 17, 2013 3:41am
Quoting Goldflake
Pound is supposed to join the euro bull but in new york session. Euro will slow down for pound train.
which mean eur/gbp bear maybe or range a while
  • #333,985
  • Jan 17, 2013 3:45am Jan 17, 2013 3:45am
hello everyone..

i can see a lot of speculation regarding the movement of cable.

personally, i want to see reaction on 6040 before any short.. atm, i think it's not quite right to place for any order at all because:

1) placing order for long is not appropriate since the price already making lower low in 4h

2) placing order for short at current price is not wise at all since very close to 6000 level.

perhaps better to leave cable in KIV for the time being.
  • #333,986
  • Jan 17, 2013 3:47am Jan 17, 2013 3:47am
perhaps better to watch fiber on the reaction at about 3350 area.. imho
  • #333,987
  • Jan 17, 2013 3:47am Jan 17, 2013 3:47am
Quoting CasperTrader
Taking a small long here to 1.6062. Doesn't look like it will go down that easily. Maybe tomorrow.
Isn't going up either.
  • #333,988
  • Jan 17, 2013 3:47am Jan 17, 2013 3:47am
Quoting A-speculator
perhaps better to watch fiber on the reaction at about 3350 area.. imho
i agree!
90% of traders use TA, indicators and prediction
  • #333,989
  • Jan 17, 2013 3:52am Jan 17, 2013 3:52am
Quoting A-speculator
hello everyone..

i can see a lot of speculation regarding the movement of cable.

personally, i want to see reaction on 6040 before any short.. atm, i think it's not quite right to place for any order at all because:

1) placing order for long is not appropriate since the price already making lower low in 4h

2) placing order for short at current price is not wise at all since very close to 6000 level.

perhaps better to leave cable in KIV for the time being.
days like these.... i prefer to stand on the sidelines until things unfold... doesnt look like its going up.... nor going down.... gbpusd has been somewhat boring as of late....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #333,990
  • Jan 17, 2013 3:53am Jan 17, 2013 3:53am
Quoting _BBKing_
i agree!
i'm currently waiting for any indication of failure in 1h to go short on fiber.. maybe another hour or so..
  • #333,991
  • Jan 17, 2013 3:54am Jan 17, 2013 3:54am
Quoting fxtyrant
days like these.... i prefer to stand on the sidelines until things unfold... doesnt look like its going up.... nor going down.... gbpusd has been somewhat boring as of late....
waiting is part of the game mate..
  • #333,992
  • Jan 17, 2013 3:56am Jan 17, 2013 3:56am
ok guys, i'm not feeling well today, got a fever.. so i wish everyone the greenest pips, everytime!

all the best guys, see u all later..
  • #333,993
  • Jan 17, 2013 3:57am Jan 17, 2013 3:57am
Quoting A-speculator
waiting is part of the game mate..

waiting is 95% of the game maybe 90% if u cant handle it
  • #333,994
  • Jan 17, 2013 3:58am Jan 17, 2013 3:58am
Pullback from 5 fib cluster and daily Pivot (3 shown on 1hr chart below)....and some demand at the previous 1hr swing hi x 2 zone...

How strong are the bulls now ?

G/L
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ex member
  • #333,995
  • Jan 17, 2013 4:03am Jan 17, 2013 4:03am
Quoting nAVIN2007
waiting is 95% of the game maybe 90% if u cant handle it
i would say 98/99 %
90% of traders use TA, indicators and prediction
  • #333,996
  • Jan 17, 2013 4:18am Jan 17, 2013 4:18am
Good day,

Taking a little long here. Bullish pressure may start to build a bit.

Regards
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  • #333,997
  • Jan 17, 2013 4:21am Jan 17, 2013 4:21am
Quoting nAVIN2007
waiting is 95% of the game maybe 90% if u cant handle it
Nav, for you it must be 99.99%. You trade weekly man. Must be mostly waiting.
  • #333,998
  • Jan 17, 2013 4:56am Jan 17, 2013 4:56am
6400-6500 ?
not euphoria follower
  • #333,999
  • Jan 17, 2013 4:59am Jan 17, 2013 4:59am
Quoting iqyu5an
6400-6500 ?
what confuses me is why ppl like you already like to speculate on whether if GBPUSD would or will not reach 6400-6500 area...

when highs of 6350 are well in place to possibly act as a resistance to keep GBPUSD from moving further up?

for me i think its too late to make any calls...

IF and IF GBPUSD is to bounce... its safer to make calls of Highs we have previously made before the fall such as 6350 rather than saying itll reach areas we havent reached before...
1.6303 is gona act as one heck of a resistance as thats where the MONTHLY 55 EMA is at... and the safer bet is to treat higher time frame resistance as a strong one.... sooo i wouldnt be brave enough to make calls saying 1.63 would break for us to see 6400-6500 area like you are suggesting....
i just dont have that guts...

but i guess you have good reason.... i've seen you on this forum for quite some time and you are a strong trader thats for sure. but making calls so far ahead?
well i took a bad dose of humble pill last week trying to call a top on EURUSD and that burnt me alive... maybe a different fortune for you?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #334,000
  • Jan 17, 2013 5:01am Jan 17, 2013 5:01am
Quoting iqyu5an
6400-6500 ?
If we don't break lower today, I think BB King might be right, Friday NY could show us something, just like it has sooo many times before
Come with me if you want to live....
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