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Cable Update (GBPUSD)

  • #335,841
  • Feb 15, 2013 4:17am Feb 15, 2013 4:17am
Quoting albchr
Nobody? But look..it's rising fast again. Surely we're on our way to 6300 and beyond now.....no?
I added
your desire to dive more deeply was gone?
  • #335,842
  • Feb 15, 2013 4:24am Feb 15, 2013 4:24am
Quoting albchr
Actually bro, and I'm working from memory here, I think I have 5450ish as a fairly good support on weekly? So if we continue to drop relatively unobstructed to there, I think we'd get a fair retrace maybe?
Ah heck 100pips, maybe I was off by 10 pips? I must be slipping in my old age. We only hit 5460 so far
Ghost Rider - WWTBMD?
  • #335,843
  • Feb 15, 2013 4:26am Feb 15, 2013 4:26am
Quoting PskovFX
I added
your desire to dive more deeply was gone?
What price did you add.

Please pay attention to all my posts. Called for a possible retrace at 5450 days ago. See post above
Ghost Rider - WWTBMD?
  • #335,844
  • Feb 15, 2013 4:27am Feb 15, 2013 4:27am
Quoting _BBKing_
nice avatar
yeah don't you love that? LOL Can you read what it says?
Ghost Rider - WWTBMD?
  • #335,845
  • Feb 15, 2013 4:30am Feb 15, 2013 4:30am
Quoting albchr
About the same. News already priced in more than likely. But being that I don't trade news....

What do you suppose would have happend if there was no news?

When will people realize that price moves due to supply and demand? Do you really think the big boys give a rats ass about retail sales numbers?
Either a test of the next line of resistance before heading down again or a slower move down than what we saw.
  • #335,846
  • Feb 15, 2013 4:31am Feb 15, 2013 4:31am
Quoting albchr
Ah heck 100pips, maybe I was off by 10 pips? I must be slipping in my old age. We only hit 5460 so far
It's close enough
  • #335,847
  • Feb 15, 2013 4:34am Feb 15, 2013 4:34am
Quoting PskovFX
I added
your desire to dive more deeply was gone?
what could make you to cut your longs? i mean the reason to take profits or to stop loss..
90% of traders use TA, indicators and prediction
  • #335,848
  • Feb 15, 2013 4:34am Feb 15, 2013 4:34am
Quoting albchr
Ah heck 100pips, maybe I was off by 10 pips? I must be slipping in my old age. We only hit 5460 so far
No. I must say your calls are great. The way you read the chart and come up with number is amazing.
  • #335,849
  • Feb 15, 2013 4:35am Feb 15, 2013 4:35am
Quoting albchr
About the same. News already priced in more than likely. But being that I don't trade news....

What do you suppose would have happend if there was no news?

When will people realize that price moves due to supply and demand? Do you really think the big boys give a rats ass about retail sales numbers?
Exactamundo!
  • #335,850
  • Feb 15, 2013 4:37am Feb 15, 2013 4:37am
Quoting albchr
Ah heck 100pips, maybe I was off by 10 pips? I must be slipping in my old age. We only hit 5460 so far
Price didn't even make it up to my target... GBP is too weak to make it up that far

Oh well I wasn't going to sell anyways!

Just going to wait for next week...
  • #335,851
  • Feb 15, 2013 4:55am Feb 15, 2013 4:55am
Quoting CasperTrader
No. I must say your calls are great. The way you read the chart and come up with number is amazing.
Thank you Casper, that's most kind. I'm getting better but I still have much to learn.
Ghost Rider - WWTBMD?
  • #335,852
  • Feb 15, 2013 5:01am Feb 15, 2013 5:01am
Quoting 100PipsADay
Price didn't even make it up to my target... GBP is too weak to make it up that far

Oh well I wasn't going to sell anyways!

Just going to wait for next week...
Don't give up yet brother. I still feel 5450ish is a good supprt level and if it pans out, we could see a nice short oppertunity around the 5650/90 level. But I agree, might not happen until next week. By the index charts we could be in for a range day today. But it is Friday and I'm sure there are New Yorkers just itching to close shorts and take profits so that could help the retrace a touch as well.

And if none of that happens, still a nice short to 5300 from here...LOL

As always, we shall see....
Ghost Rider - WWTBMD?
  • #335,853
  • Feb 15, 2013 5:04am Feb 15, 2013 5:04am
Quoting 100PipsADay
Exactamundo!

Fonzy? Heeeyyyyyyy......
Ghost Rider - WWTBMD?
  • #335,854
  • Feb 15, 2013 5:14am Feb 15, 2013 5:14am
Quoting 100PipsADay
Nice!

Hey I saw your post on Gold. Mind sharing your short, mid, and long-term projections for Gold?
WOO HOO!! $1850 and climbing. Short term projection? I'm happy...LOL (for play money)
Attached Image (click to enlarge)
Click to Enlarge Name: xauusd_day.gif Size: 27 KB
Ghost Rider - WWTBMD?
  • #335,855
  • Feb 15, 2013 5:29am Feb 15, 2013 5:29am
Quoting albchr
Well seriously though, I was thinking GU would be at that 5450 I've mentioned (for a retrace) before the GBP reaches this support at 2.6195. Had the dollar not fallen off a bit today I think it would have been.

So GU "might" not make it all the way to 5450 before a bounce up to grab more shorts. But we'll just have to see. But if this week closes around here, I have little doubt about 5300 and lower very soon.
So here we are. (10 pips shy of 5450) The dollar virtually the same and the GBP bouncing on support. This could be the retrace to grab more shorts from maybe? Let's wait and see...

Yesterdays chart from above post and todays
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDLFX_GBPLFX_Daily.PNG Size: 68 KB
Click to Enlarge Name: USDLFX_GBPLFX_Daily_2.PNG Size: 70 KB
Ghost Rider - WWTBMD?
  • #335,856
  • Feb 15, 2013 5:37am Feb 15, 2013 5:37am
Quoting albchr
WOO HOO!! $1850 and climbing. Short term projection? I'm happy...LOL (for play money)
Nice! I was actually just looking over the Gold chart and noticed it hit 1625.

Next areas of support are:

1589
1547
1526

IF 1526 is broken then Gold will fall into the abyss down to 1310 or so, but that is pure speculation at this point in time.

We might see a little bounce now that we've hit 1625 but I won't be surprised one bit to see 1589 sometime next week.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold_-_Weekly_Support_(2-15).jpg Size: 122 KB
Click to Enlarge Name: Gold_-_Weekly_Zoomed_(2-15).jpg Size: 100 KB
Click to Enlarge Name: Gold_-_1625.jpg Size: 124 KB
  • #335,857
  • Feb 15, 2013 6:43am Feb 15, 2013 6:43am
Hi all,

anyone else long?

albchr: you still of bullish opinion?

Thank you for your response
  • #335,858
  • Feb 15, 2013 6:43am Feb 15, 2013 6:43am
Quoting 100PipsADay
......... I won't be surprised one bit to see 1589 sometime next week.
90% of traders use TA, indicators and prediction
  • #335,859
  • Feb 15, 2013 6:45am Feb 15, 2013 6:45am
ok i finish here my week, have other things to manage with for the remaing part of the day!
next 2weeks i will be busy a lot so don't know how much time will be login here
will try to do my best

good luck every1 and have a great weekend
90% of traders use TA, indicators and prediction
  • #335,860
  • Feb 15, 2013 8:46am Feb 15, 2013 8:46am
gbpusd now


http://my.jetscreenshot.com/6252/m_2...-uyq1-75kb.jpg
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