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Cable Update (GBPUSD)

  • #335,161
  • Feb 5, 2013 6:58pm Feb 5, 2013 6:58pm
switching off
deep night!

good luck every1
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  • #335,162
  • Feb 5, 2013 7:05pm Feb 5, 2013 7:05pm
Quoting _BBKing_
switching off
deep night!

good luck every1
Later BBKing
  • #335,163
  • Feb 5, 2013 7:27pm Feb 5, 2013 7:27pm
got caught offguard with the US news... meh....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,164
  • Feb 5, 2013 8:53pm Feb 5, 2013 8:53pm
Quoting fxtyrant
got caught offguard with the US news... meh....
bguguen. how are you? Nachiket here. just changed my name. Ya it was a shitty fall from 1.5809 to 1.5629. I think correction is completed at 1.5629. but have to be careful in the process of going down yesterday i think it formed a new 6 month low. I still think it cannot go to 1.55. that will be too much and moreover I see improvement in the news in the past 2 days
  • #335,165
  • Feb 5, 2013 9:28pm Feb 5, 2013 9:28pm
Quoting _BBKing_
i would like to see aussie back down to 1.0..
  • #335,166
  • Feb 5, 2013 9:59pm Feb 5, 2013 9:59pm
Quoting A-speculator
i would like to see aussie back down to 1.0..
Me too! Hahaha
  • #335,167
  • Feb 5, 2013 10:31pm Feb 5, 2013 10:31pm
Quoting A-speculator
i would like to see aussie back down to 1.0..
been calling for AUDUSD down to 0.95 since last year.... ive even made a year end prediction of 0.95 last year... too bad the 0.95 target got delayed due to QE3 last year...
i will give it a go again to say 0.95 by THIS year end..
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,168
  • Feb 5, 2013 10:33pm Feb 5, 2013 10:33pm
Quoting pound trader
bguguen. how are you? Nachiket here. just changed my name. Ya it was a shitty fall from 1.5809 to 1.5629. I think correction is completed at 1.5629. but have to be careful in the process of going down yesterday i think it formed a new 6 month low. I still think it cannot go to 1.55. that will be too much and moreover I see improvement in the news in the past 2 days
ummmm actually to me teh GBPUSD can go all the way down to 1.50... GBPUSD is overvalued and way overdue for a fall....
dont be too surprised if GBPUSD makes a new low, lower than the 1.52 low we had last year.....
We have yet to see what Carney brings on the table...

Here is what i see in terms of a last line of defense....

expecting to see a lot of bickering now that we are meeting a trendline support...
and if you look at my Chart i have recent signals for a RSI divergence to signal an up move too...
so much for coincidence..

https://dl.dropbox.com/u/52561775/Fo...usd.weekly.gif
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,169
  • Feb 5, 2013 10:34pm Feb 5, 2013 10:34pm
Quoting fxtyrant
been calling for AUDUSD down to 0.95 since last year.... ive even made a year end prediction of 0.95 last year... too bad the 0.95 target got delayed due to QE3 last year...
i will give it a go again to say 0.95 by THIS year end..
one support at a time mate.. not so easy i think due to commodity and usd uncertainty atm.. but maybe (by current candle formation) aussie and kiwi will retest their cluster support level again..

the only question is when..
  • #335,170
  • Feb 5, 2013 10:36pm Feb 5, 2013 10:36pm
Quoting fxtyrant
ummmm actually to me teh GBPUSD can go all the way down to 1.50... GBPUSD is overvalued and way overdue for a fall....
dont be too surprised if GBPUSD makes a new low, lower than the 1.52 low we had last year.....
We have yet to see what Carney brings on the table...

no way mate. don't forget the fact that the brits have lended a lot of money to other countries and every pound devaluation is decreasing their revenues. actually brit is the only country which wants a stronger currency. I would say 1.6 is a fair value. Nav's favorite 1.63 is way too overvalued
  • #335,171
  • Feb 5, 2013 10:41pm Feb 5, 2013 10:41pm
Quoting fxtyrant
ummmm actually to me teh GBPUSD can go all the way down to 1.50... GBPUSD is overvalued and way overdue for a fall....
dont be too surprised if GBPUSD makes a new low, lower than the 1.52 low we had last year.....
We have yet to see what Carney brings on the table...

Here is what i see in terms of a last line of defense....

expecting to see a lot of bickering now that we are meeting a trendline support...
and if you look at my Chart i have recent signals for a RSI divergence to signal an up move too...
so much for coincidence..

https://dl.dropbox.com/u/52561775/Fo...usd.weekly.gif...


carney is a hawkish person and moreover osborne and co will not allow him to do excessive QE even if he wants to. i think markets factoring in the fact that carney will do more qe
  • #335,172
  • Feb 5, 2013 10:46pm Feb 5, 2013 10:46pm
Quoting A-speculator
one support at a time mate.. not so easy i think due to commodity and usd uncertainty atm.. but maybe (by current candle formation) aussie and kiwi will retest their cluster support level again..

the only question is when..
indeed indeed.... sorry to overlook into the future.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #335,173
  • Feb 5, 2013 11:05pm Feb 5, 2013 11:05pm
Quoting pound trader
no way mate. don't forget the fact that the brits have lended a lot of money to other countries and every pound devaluation is decreasing their revenues. actually brit is the only country which wants a stronger currency. I would say 1.6 is a fair value. Nav's favorite 1.63 is way too overvalued
by current candle formation, it's hard to say that pound will appreciate against usd mate.. and i think the euro will follow cable, just need several more candles on the daily for confirmation.. that ride will be rough in the early stages i think as fiber uptrend is still valid
  • #335,174
  • Feb 5, 2013 11:17pm Feb 5, 2013 11:17pm
Quoting fxtyrant
ummmm actually to me teh GBPUSD can go all the way down to 1.50... GBPUSD is overvalued and way overdue for a fall....
dont be too surprised if GBPUSD makes a new low, lower than the 1.52 low we had last year.....
We have yet to see what Carney brings on the table...

Here is what i see in terms of a last line of defense....

expecting to see a lot of bickering now that we are meeting a trendline support...
and if you look at my Chart i have recent signals for a RSI divergence to signal an up move too...
so much for coincidence..

https://dl.dropbox.com/u/52561775/Fo...usd.weekly.gif...
can i get this Template or source from where i can get this ??
  • #335,175
  • Feb 5, 2013 11:59pm Feb 5, 2013 11:59pm
Something I have noticed about this TL is that we have had our first ever weekly close below it last week since it began.

Those weekly wicks in the 2nd last chart make the pound look a bit crook also.

I've just put in a small long to retest the daily breakout area
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #335,176
  • Feb 6, 2013 12:13am Feb 6, 2013 12:13am
Quoting Ill-b-back
Something I have noticed about this TL is that we have had our first ever weekly close below it last week since it began.

Those weekly wicks in the 2nd last chart make the pound look a bit crook also.

I've just put in a small long to retest the daily breakout area
i'm waiting @ 5715 mate to short..
  • #335,177
  • Feb 6, 2013 12:20am Feb 6, 2013 12:20am
GBP/USD has been very bearish lately. I'm still watching and waiting to see if this 4-Year Symmetrical Triangle pattern is broken to the downside. Due to this being on a weekly chart I am waiting for a weekly close below ascending trend line. Then I will probably wait one more week to see how price action reacts.

Once broken and confirmed then GBP/USD will have a long ways to fall... I will put in a few position trades (short) at that time and will probably hold for the next few months at least. Could be in store for a couple thousand pip drop if this 4-year triangle pattern is broken to the downside.

Keep an eye on this one folks...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_-_Symmetrical_Triangle_(2-5).jpg Size: 80 KB
  • #335,178
  • Feb 6, 2013 12:25am Feb 6, 2013 12:25am
Quoting A-speculator
i'm waiting @ 5715 mate to short..
Yep, I'm waiting also
Come with me if you want to live....
  • #335,179
  • Feb 6, 2013 1:10am Feb 6, 2013 1:10am
Quoting Ill-b-back
Yep, I'm waiting also
seems like we might miss the train..

however, i managed to short fiber early asian at 3595, EG at 86742 and currently looking is it possible to add at 357x area..
  • #335,180
  • Feb 6, 2013 1:25am Feb 6, 2013 1:25am
Quoting A-speculator
i would like to see aussie back down to 1.0..
yeah
i will surely be helping the sucker to crash as soon as it will clear this daily support area.
this thing deserves a revenge.
planning
still not simple opening a short. but if today close <0360 could be a good start!
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