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Cable Update (GBPUSD)

  • #336,581
  • Mar 6, 2013 9:17am Mar 6, 2013 9:17am
I am disappointed with King's speech today as I was aiming to lock some pips on this high impact factor news even but the market did not even bother to move a 50 pips. It seems the bearish sentiment is holding for Cable and we might see a retest of the support. Anyways that is part of trading and I have closed my trades in breakeven.
  • #336,582
  • Mar 6, 2013 12:44pm Mar 6, 2013 12:44pm
Present developments , nice so far & just close all shorts in eu,gu,gold also except audusd because of its last h4 candle and hence though all those pairs still in bear set ups & now should be very ready for last leg up before final down or can say again should try correction actually .though thinking they may not , continue tanking to some extent before the bounce. like gu chart now , price may fall to 4951.
so wait & see before any jump anyside , even scalping also. next day only though for me .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 21 KB
Click to Enlarge Name: au.gif Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,583
  • Mar 6, 2013 1:01pm Mar 6, 2013 1:01pm
Quoting fontu
Present developments , nice so far & just close all shorts in eu,gu,gold also except audusd because of its last h4 candle and hence though all those pairs still in bear set ups & now should be very ready for last leg up before final down or can say again should try correction actually .though thinking they may not , continue tanking to some extent before the bounce. like gu chart now , price may fall to 4951.
so wait & see before any jump anyside , even scalping also. next day only though for me .
fontu
tq sir, appreciate it very much
so far the most informative member with good prediction in this thread
  • #336,584
  • Mar 6, 2013 2:07pm Mar 6, 2013 2:07pm
Price about to reach near term supply. Anybody else going to try a short?
Attached Image (click to enlarge)
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  • #336,585
  • Mar 6, 2013 2:15pm Mar 6, 2013 2:15pm
Quoting Kanzler
Price about to reach near term supply. Anybody else going to try a short?
me sir, targeting last week lows or 4950 , tq


http://www.free-image-hosting.com/im...3/06/XOCjQ.jpg
  • #336,586
  • Mar 6, 2013 2:36pm Mar 6, 2013 2:36pm
Quoting vaniza
me sir, targeting last week lows or 4950 , tq
Bears already starting to push farther down, hope we get our entry.
  • #336,587
  • Mar 6, 2013 7:25pm Mar 6, 2013 7:25pm
If 4950 goes, I'm watching 4850 area...
Attached Image (click to enlarge)
Click to Enlarge Name: gu89.gif Size: 13 KB
Come with me if you want to live....
  • #336,588
  • Mar 6, 2013 8:32pm Mar 6, 2013 8:32pm
Quoting vaniza
tq sir, appreciate it very much
so far the most informative member with good prediction in this thread
Agreed,

always appreciate Fontu's daily posts, top quality
Money never sleeps...
  • #336,589
  • Mar 6, 2013 8:36pm Mar 6, 2013 8:36pm
Quoting Ill-b-back
If 4950 goes, I'm watching 4850 area...

i think its an almost certainty that it will go to 4850 at some point over the next few weeks, if your account can cover a pullback to maybe 1.53 (worst case scenario) then its a fairly safe trade.
Money never sleeps...
  • #336,590
  • Edited 10:34pm Mar 6, 2013 10:12pm | Edited 10:34pm
Thanks , Morning to all . So price fell below previous bottom ( having new low ) & likely expecting a bounce in all , eu,gu,gold & even audusd , can be limited & further some down possible in mind.
gu care 5040,44, then 60, & 94 , 5155 & 99 breaks for the start actually if all ok . care at 5040/44 most. as can tank further /extension continue if for a test 4951,4889 or even 477* !!Whatever , tank more as last leg down for a good pullback action or general pullback now all ok next.picture same as before & still providing one .

Gold is clearer in this sense , easily can take 1600 as next break to 1651 limit possible , extra-ordinary tanking , crushing can't take as true now , but they happens any time .

Usdcad & usdchf should take a rest before further action up.

anyway scalping long in all there to see & will check in the afternoon here next . take care.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 20 KB
Click to Enlarge Name: gold1.gif Size: 16 KB
Click to Enlarge Name: uc.gif Size: 16 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,591
  • Mar 6, 2013 10:16pm Mar 6, 2013 10:16pm
Quoting fontu
Thanks , Morning to all . So price fell below previous bottom ( having new low ) & likely expecting a bounce in all , eu,gu,gold & even audusd , can be limited & further some down possible in mind.
gu care 5040,44, then 60, & 94 , 5155 & 99 breaks for the start actually if all ok . care at 5040/44 most. as can tank further /extension continue if for a test 4951,4889 or even 477* !!
anyway scalping long in all there to see & will check in the afternoon here next . take care
Once FONTU swicth the green light on - The bounce will follow. Thanks for your super eyes
  • #336,592
  • Edited 10:53pm Mar 6, 2013 10:40pm | Edited 10:53pm
Quoting ForexRatVN
Once FONTU swicth the green light on - The bounce will follow. Thanks for your super eyes
Ok but always only within your understandings & capabilities. I give all probable levels of interaction , try if it match to your own analysis first to carry out actions. In one analysis , if even accurate market action , one can do both actions , short or long successfully , just levels of actions different .hints , 4951 , even 4930 or 4889 can any time test also ( No? then 4983 ok in this same low ) before general burst of the bull flag .
Anyway wish you good understanding & luck at the same time . office time approaching & hence see u all 5 hours .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,593
  • Mar 6, 2013 10:54pm Mar 6, 2013 10:54pm
Quoting inpatient
i think its an almost certainty that it will go to 4850 at some point over the next few weeks, if your account can cover a pullback to maybe 1.53 (worst case scenario) then its a fairly safe trade.
Hi mate,
No, I'm not trading it, but 4950 is an area I am watching and it appears others are also.
just pointing out for some who are still short or shorted earlier in the day targeting 4950, that if that level does go decisively, there may well be another 100 pips in it to next support.

I'm patiently waiting for the next bullish swing point.
I am curious where we end up after today before nfp.
Come with me if you want to live....
  • #336,594
  • Mar 6, 2013 10:58pm Mar 6, 2013 10:58pm
Quoting inpatient
i think its an almost certainty that it will go to 4850 at some point over the next few weeks, if your account can cover a pullback to maybe 1.53 (worst case scenario) then its a fairly safe trade.
I never have that kind of stop, usually 50-60 pips or less
Come with me if you want to live....
  • #336,595
  • Mar 7, 2013 2:09am Mar 7, 2013 2:09am
maybe gu heading to 4950 and after that 4893 , maybe..here is my daily gu chart



http://www.free-image-hosting.com/im...3/07/vMUXB.jpg
  • #336,596
  • Mar 7, 2013 3:00am Mar 7, 2013 3:00am
It has found support at this area. The area was re-challenged rather quickly (within 7 candles) which often suggests that price will break through.

Attached Image (click to enlarge)
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  • #336,597
  • Mar 7, 2013 3:09am Mar 7, 2013 3:09am
Anyone seeing 4920 hit?
When Scalpers win, I lose and Vice varsa...
  • #336,598
  • Mar 7, 2013 3:13am Mar 7, 2013 3:13am
Quoting Goldflake
Anyone seeing 4920 hit?
Possibly, it is below my next daily support line, but above the next one I have marked out for my 1hr chart
  • #336,599
  • Mar 7, 2013 3:26am Mar 7, 2013 3:26am
Feels like we are done here with the cable dump. At least short-term. I am expecting a bounce before Friday's employment numbers.
  • #336,600
  • Mar 7, 2013 3:29am Mar 7, 2013 3:29am
Quoting TuttiDFrutti
Feels like we are done here with the cable dump. At least short-term. I am expecting a bounce before Friday's employment numbers.
maybe this is the final dump looking for 4950 or 4893 , before skyrocket high after this , maybe
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