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Cable Update (GBPUSD)

  • #336,341
  • Feb 26, 2013 7:51am Feb 26, 2013 7:51am
Quoting inpatient
that bottomed at 1.5118 and i wouldnt think it would have been enough to give the strength needed to push us much higher than 1.52
I have 1.5114 as the lowest point
  • #336,342
  • Feb 26, 2013 8:11am Feb 26, 2013 8:11am
Quoting blobsaudio
I have 1.5114 as the lowest point

still not low enough to signal a potential rally.
Money never sleeps...
  • #336,343
  • Feb 26, 2013 10:02am Feb 26, 2013 10:02am
I am not sure why, but since we got into the 5100s, this place has been somewhat quite. I mean, where is everybody?
Honestly, i love going Through your posts. I feel kinda "FOREX" lonely!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,344
  • Feb 26, 2013 11:10am Feb 26, 2013 11:10am
Gold jumped up & may have more room for up also , 1632,51 as of previous & whilst usd also raising ! that is something fishing , some one doing it desperately . Ok let's do.
Just checking the monthly now as very close & will care both eu & gu . gu close at 5050 around exact will care for a big bounce but above & below not . eu in relation to 2998. anyway both are in strong breakout mode so far. Not think gold in other ways though . Now or then .

Gu now watching the 5100 breaks or more correction if possible breaking 5200 again to more up , the same level as of morning 5300 , just hope not .only 2 days monthly close !!
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,345
  • Feb 26, 2013 12:16pm Feb 26, 2013 12:16pm
Quoting baherhosni
I am not sure why, but since we got into the 5100s, this place has been somewhat quite. I mean, where is everybody?
Honestly, i love going Through your posts. I feel kinda "FOREX" lonely!!

still here bro, stalking, waiting, watching....

thinking that with the trouble we are having here at breaking the recent lows gives me more confidence in my long position...


we will see.


Fontu - Do you expect the start of march to signal another cycle? Maybe reversal of the cable downtrend?
Money never sleeps...
  • #336,346
  • Feb 26, 2013 1:32pm Feb 26, 2013 1:32pm
Quoting inpatient
still here bro, stalking, waiting, watching....

thinking that with the trouble we are having here at breaking the recent lows gives me more confidence in my long position...


we will see.


Fontu - Do you expect the start of march to signal another cycle? Maybe reversal of the cable downtrend?
Good to know that some are still around!

If nothing more crazy comes out of fundies, long [but but not for long] may be right. I share your build up of confidence in going long to catch the price early. But I see a range going east for a bit b4 the market will start to take a direction again. Competing in currency wars as being Called may Be one reason for my opinion.

Dont know if any one will agree with this Really..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,347
  • Feb 26, 2013 9:54pm Feb 26, 2013 9:54pm
Ranging 1.51 - 1.52 with attempt to break southern in the last few days.

My bias on down trend continues, next level of 1.5 seems lowest target before month end. Beyond this month, 1.475, 1.425 even 1.35...

Opposition, there are 85% of FF members on the long side. Their belief has own reasonable logic.

I love to see retrace as well. Probably not before touching the 1.50 level. The move back to 1.53 - 1.54, or higher is very welcome...

Good luck to all here
  • #336,348
  • Feb 26, 2013 10:09pm Feb 26, 2013 10:09pm
Gidday

Sitting on a short keep thinking 150 is the target

more than likely do a spike down

clean out the peasants

  • #336,349
  • Feb 26, 2013 10:18pm Feb 26, 2013 10:18pm
Quoting eliteincome
Gidday

Sitting on a short keep thinking 150 is the target

more than likely do a spike down

clean out the peasants

Yep! I noticed everybody is still talking about "Bear Trap" and going long for 500 pips...

Everybody should first go take a look at the monthly candle, next take a look at the weekly. I am confident we just saw our little "retrace" and are ready to resume our downtrend.

Once 1.50 is broken then 1.44 is next!
  • #336,350
  • Feb 26, 2013 10:28pm Feb 26, 2013 10:28pm
This pair should only be going south, it has clearly broken all forms or support.

Should be selling on any correction move next month.
  • #336,351
  • Feb 26, 2013 11:03pm Feb 26, 2013 11:03pm
MPC are discussing negative rates according to Paul Tucker yesterday. Ok, jaw boning at this stage. But given the technicals on the charts.
  • #336,352
  • Feb 26, 2013 11:20pm Feb 26, 2013 11:20pm
Quoting Onitay
This pair should only be going south, it has clearly broken all forms or support.

Should be selling on any correction move next month.
Strong sell.
Looking towards 1.3 in a month or a bit more.
  • #336,353
  • Edited 11:41pm Feb 26, 2013 11:24pm | Edited 11:41pm
agree... lot of support got broken. but based on my broker ( different broker..different server time ), pa did not broken last week low yet as low of 2013...

and at lower and higher TF ... i saw this

if the Point of control ( based on merged profile for past 2 / 3 days ago ) get broken to the upside, i see this for a correction efforts.

just me... imho and thingking also
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not euphoria follower
  • #336,354
  • Feb 26, 2013 11:25pm Feb 26, 2013 11:25pm
Quoting seaman2
Strong sell.
Looking towards 1.3 in a month or a bit more.
1st Target: 1.44
2nd Target: 1.41
3rd Target: 1.36


Anybody crazy enough to go against this monthly candle?

EDIT: *Oops, forgot to add in 1.41 in between the first two targets...
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  • #336,355
  • Feb 26, 2013 11:47pm Feb 26, 2013 11:47pm
Quoting 100PipsADay
Anybody crazy enough to go against this monthly candle?
Wondering the same thing myself, but still looks like some buyers down at this weeks opening gap. Current 4hr candle has retraced more than 61.8% of the previous one so thats not good for bears. Still lower lows and lower highs though. Some strong selling the next 2 hours would be be impressive.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,356
  • Feb 26, 2013 11:49pm Feb 26, 2013 11:49pm
Quoting zusch
Wondering the same thing myself, but still looks like some buyers down at this weeks opening gap. Current 4hr candle has retraced more than 61.8% of the previous one so thats not good for bears. Still lower lows and lower highs though and some strong selling the next 2 hours would be be impressive.
I don't know if I would consider it buying as much as profit taking. Price Action isn't telling me that there are any real buyers, even at current levels. Yes, I too would like to see us make new lows before month's end.
  • #336,357
  • Feb 26, 2013 11:56pm Feb 26, 2013 11:56pm
Quoting 100PipsADay
I don't know if I would consider it buying as much as profit taking. Price Action isn't telling me that there are any real buyers, even at current levels. Yes, I too would like to see us make new lows before month's end.
Yeah I could have called it profit taking. I was just anticipating a faster drop than whats happening...it was looking extremely bearish 2 hours ago....now just moderately bearish.

Hourly close under 1.51 would be ideal!
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,358
  • Feb 27, 2013 12:01am Feb 27, 2013 12:01am
Short Pound at least till London closing.
When Scalpers win, I lose and Vice varsa...
  • #336,359
  • Feb 27, 2013 12:08am Feb 27, 2013 12:08am
Quoting zusch
Yeah I could have called it profit taking. I was just anticipating a faster drop than whats happening...it was looking extremely bearish 2 hours ago....now just moderately bearish.

Hourly close under 1.51 would be ideal!
  • #336,360
  • Feb 27, 2013 12:51am Feb 27, 2013 12:51am
Second Estimate GDP q/q

they will only hop in after this. this will decide a bounce or a test @ 1.5050/1.50 or even lower.
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