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Cable Update (GBPUSD)

  • #334,461
  • Jan 23, 2013 1:05am Jan 23, 2013 1:05am
Quoting _BBKing_
for what i see we already are twice below friday's candle!
imo...until price stay within hourly channel downtrend the only places to buy/close shorts is near 1.580 then near 1.570
but to see gain bullpower actually needs to get >1.59 to close daily >1.5880. hard work!!
let's see today what happens
Good Morning,

I am surprised cable hasn't re-tested the 1.59-1.60 area yet may happen today or not looks like it is heading further down without hesitation. Weird looks like technicals and fundermentals are not working here................

Scorpion
  • #334,462
  • Jan 23, 2013 1:31am Jan 23, 2013 1:31am
Patience, is a virtue you most exercise if you want to succeed in trading. For understanding why the bulls or bearing are on their way will save you from the noise in the market. Am still holding my position.
  • #334,463
  • Jan 23, 2013 1:38am Jan 23, 2013 1:38am
Quoting Scorpion786
Good Morning,

I am surprised cable hasn't re-tested the 1.59-1.60 area yet may happen today or not looks like it is heading further down without hesitation. Weird looks like technicals and fundermentals are not working here................

Scorpion
morning,
i'm also expecting a move to 1.59 then 1.60 but actually 1.59 could be a great shorting area.
not simple to imagine price this week breaking out of hourly downtrend channel and rise 150 pips....
everything is possible of course.
1.58 now providing support for the moment.
so.. let's see
90% of traders use TA, indicators and prediction
  • #334,464
  • Jan 23, 2013 1:49am Jan 23, 2013 1:49am
Quoting _BBKing_
morning,
i'm also expecting a move to 1.59 then 1.60 but actually 1.59 could be a great shorting area.
not simple to imagine price this week breaking out of hourly downtrend channel and rise 150 pips....
everything is possible of course.
1.58 now providing support for the moment.
so.. let's see
It's amazing how things plan out hey....
  • #334,465
  • Jan 23, 2013 2:33am Jan 23, 2013 2:33am
Quoting _BBKing_
for what i see we already are twice below friday's candle!
imo...until price stay within hourly channel downtrend the only places to buy/close shorts is near 1.580 then near 1.570
but to see gain bullpower actually needs to get >1.59 to close daily >1.5880. hard work!!
let's see today what happens
True. Sorry. My mistake. I meant Monday. Breaking Monday's high may see a small bull.
  • #334,466
  • Jan 23, 2013 3:09am Jan 23, 2013 3:09am
Quoting CasperTrader
True. Sorry. My mistake. I meant Monday. Breaking Monday's high may see a small bull.
don't worry!
yes monday's high could call some bulls..
nice rise from 1.58 now.
90% of traders use TA, indicators and prediction
  • #334,467
  • Jan 23, 2013 3:23am Jan 23, 2013 3:23am
Quoting _BBKing_
don't worry!
yes monday's high could call some bulls..
nice rise from 1.58 now.
lol...

yup.. IF [when] we clear [daily close above] @1.5893, then we are good to go for some hundred pips..


[Chart]
Attached Image (click to enlarge)
Click to Enlarge Name: Chart20130123202153.png Size: 91 KB
  • #334,468
  • Jan 23, 2013 3:36am Jan 23, 2013 3:36am
For people who think i only know how to SHORT the GBPUSD... think again...
OMG OMG..FxTyrant finally Longing the GBPUSD LOL.... oh well see? H4 EMA55 below EMA200 as i enter those longs
atleast i wouldnt be LONG the Pound like some traders here up at 1.62 and crap like this...

https://dl.dropbox.com/u/52561775/Fo....gbpusd.h4.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #334,469
  • Jan 23, 2013 4:07am Jan 23, 2013 4:07am
here my whole plan in GU

and the EU one...


90% of traders use TA, indicators and prediction
  • #334,470
  • Jan 23, 2013 4:08am Jan 23, 2013 4:08am
Quoting fxtyrant
For people who think i only know how to SHORT the GBPUSD... think again...
OMG OMG..FxTyrant finally Longing the GBPUSD LOL.... oh well see? H4 EMA55 below EMA200 as i enter those longs
atleast i wouldnt be LONG the Pound like some traders here up at 1.62 and crap like this...
90% of traders use TA, indicators and prediction
  • #334,471
  • Jan 23, 2013 4:09am Jan 23, 2013 4:09am
Quoting Piters
lol...

yup.. IF [when] we clear [daily close above] @1.5893, then we are good to go for some hundred pips..


[Chart]
great esignal
90% of traders use TA, indicators and prediction
  • #334,472
  • Jan 23, 2013 4:11am Jan 23, 2013 4:11am
Quoting _BBKing_
great esignal
:nerd:
  • #334,473
  • Jan 23, 2013 4:13am Jan 23, 2013 4:13am
Bids touted down to 5800, Daily S1, 3 fib cluster incl 50% 5263-6349 all at the current daily low as strong buying hits this pairing helped by 0930 Uk data...nice bullish div plays from 3min upwards down there - 1hr shown below-great 1hr master bull engulf x 12 hammer close.

Sometimes the market gifts us a move - this was one of them !

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 121 KB
ex member
  • #334,474
  • Jan 23, 2013 4:14am Jan 23, 2013 4:14am
if anyone interested....
gbp chf is in a very interesting demand area whole range 1.4720 - 1.4620.
maybe now it's early to open longs.
but worth to give an eye!!
90% of traders use TA, indicators and prediction
  • #334,475
  • Jan 23, 2013 4:14am Jan 23, 2013 4:14am
wow... great bulls.

well, like yesterday, long again swissy at 8285 and try shorting fiber at 3340..

still on shorting cable at 58xx area price..
  • #334,476
  • Jan 23, 2013 4:15am Jan 23, 2013 4:15am
Quoting _BBKing_
if anyone interested....
gbp chf is in a very interesting demand area whole range 1.4720 - 1.4620.
maybe now it's early to open longs.
but worth to give an eye!!
i think that might works, since swissy is currently on support, imho..
  • #334,477
  • Jan 23, 2013 4:15am Jan 23, 2013 4:15am
Quoting fxtyrant
For people who think i only know how to SHORT the GBPUSD... think again...
OMG OMG..FxTyrant finally Longing the GBPUSD LOL.... oh well see? H4 EMA55 below EMA200 as i enter those longs
atleast i wouldnt be LONG the Pound like some traders here up at 1.62 and crap like this...

https://dl.dropbox.com/u/52561775/Fo....gbpusd.h4.gif
Closed for +30 pips
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #334,478
  • Jan 23, 2013 4:16am Jan 23, 2013 4:16am
Quoting _BBKing_
if anyone interested....
gbp chf is in a very interesting demand area whole range 1.4720 - 1.4620.
maybe now it's early to open longs.
but worth to give an eye!!

Waiting for cable to pass the 1.5895 area for long to 1.600 area then looking to short from 1.60. What do you think in your opinion ?

Scorpion
  • #334,479
  • Jan 23, 2013 4:17am Jan 23, 2013 4:17am
and put a test on shorting EG at 8400..
  • #334,480
  • Jan 23, 2013 4:18am Jan 23, 2013 4:18am
Quoting Scorpion786
Waiting for cable to pass the 1.5895 area for long to 1.600 area then looking to short from 1.60. What do you think in your opinion ?

Scorpion
i think, it is highly unlikely it will get back to 1.6, but 5940-50 still possible, me think..
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