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Cable Update (GBPUSD)

  • #334,701
  • Jan 25, 2013 3:54am Jan 25, 2013 3:54am
i think its still a long, until u.s. news comes out.........
  • #334,702
  • Jan 25, 2013 3:56am Jan 25, 2013 3:56am
Quoting whatfx
i think its still a long, until u.s. news comes out.........

it could be but look out resistance at 1.5819
  • #334,703
  • Jan 25, 2013 4:00am Jan 25, 2013 4:00am
looks like LH on EU.

still can move down
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 19 KB
  • #334,704
  • Jan 25, 2013 4:04am Jan 25, 2013 4:04am
Quoting smikester
Nice chart BB.
90% of traders use TA, indicators and prediction
  • #334,705
  • Jan 25, 2013 4:10am Jan 25, 2013 4:10am
Quoting strategos
it could be but look out resistance at 1.5819
sure, but plenty of pips to be made on the upside to 1.5819.

i say anything below 1.5740 calls for a short.
  • #334,706
  • Jan 25, 2013 4:23am Jan 25, 2013 4:23am
Quoting whatfx
i think its still a long, until u.s. news comes out.........
over 50pips but not for me. Am still holding my short position.
  • #334,707
  • Jan 25, 2013 4:24am Jan 25, 2013 4:24am
Quoting egkid
Morning all
My daily close@5770 no close under my point
news after 2h
Positions in play long 5770 , 5760
c u above 58
  • #334,708
  • Jan 25, 2013 4:27am Jan 25, 2013 4:27am
That's cover my loss on fiber earlier.. thanks to ill-b-back for pointed that out.. still think it could go down more.. but i'll be looking for another entry later.. cover the loss first..
  • #334,709
  • Jan 25, 2013 4:37am Jan 25, 2013 4:37am
Hi, I am new here... I think Cable struggling to break the 1.5765 area. Breaking it would see us landing at at least 1.5700
  • #334,710
  • Jan 25, 2013 4:38am Jan 25, 2013 4:38am
Quoting xivh
I believe in fundamentals more than technicals, I do think that the price is low enough that it might be priced in, I´m hoping to make around 60 to 70 pips and quit around 1.5700.
i believe in strategy, money management and discipline.

is it fundamentals or technicals doesn't matter
  • #334,711
  • Jan 25, 2013 4:47am Jan 25, 2013 4:47am
I think it needs a retrace to above before continuing south. Cant seem to break the 65 barrier atm
  • #334,712
  • Jan 25, 2013 4:47am Jan 25, 2013 4:47am
hmmm.
Attached Image
  • #334,713
  • Jan 25, 2013 4:49am Jan 25, 2013 4:49am
i really don't understand why people looking for long.
maybe there is something i am missing. so then... what am i missing?
can you please share your ideas better than "can go up from here because i believe so!"
90% of traders use TA, indicators and prediction
  • #334,714
  • Jan 25, 2013 4:51am Jan 25, 2013 4:51am
Quoting egkid
Positions in play long 5770 , 5760
c u above 58

see u at 1.63 if lucky
  • #334,715
  • Jan 25, 2013 4:57am Jan 25, 2013 4:57am
what i mean is that when i look into price chart i see something like this shown below.
actually can be great a long position for some pips but does this rewards the risk involved in seei-ing price tanking down straight to 5690 today?
for longs i will be definetly waiting.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.jpg Size: 87 KB
90% of traders use TA, indicators and prediction
  • #334,716
  • Jan 25, 2013 4:57am Jan 25, 2013 4:57am
since ucad currently at the resistance.. i am considering long at high of 57xx area..
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 26 KB
  • #334,717
  • Jan 25, 2013 5:11am Jan 25, 2013 5:11am
German names buying at the post Uk data lows/current daily low....Daily S1 there and weekly chart perhaps best shows where the current lo is - that previous daily/weekly swing hi zone x 2(potential rbs)

How strong are the bears now re this Uk data - more downside ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: wkly.jpg Size: 122 KB
ex member
  • #334,718
  • Jan 25, 2013 5:14am Jan 25, 2013 5:14am
long triggered at 5778.. hopefully this doesn't bite my a$$..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 25 KB
  • #334,719
  • Jan 25, 2013 5:16am Jan 25, 2013 5:16am
This is going to retest 5820 again before deciding which direction to go. Possible downward movement.
  • #334,720
  • Jan 25, 2013 5:18am Jan 25, 2013 5:18am
Longed at 60, SL moved to BE, TP 5815 AT LEAST<
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