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Cable Update (GBPUSD)

  • #336,601
  • Mar 7, 2013 6:04am Mar 7, 2013 6:04am
wtf??
lol...
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Click to Enlarge Name: gu89.gif Size: 10 KB
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  • #336,602
  • Mar 7, 2013 6:05am Mar 7, 2013 6:05am
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.
There's your bounce

Come with me if you want to live....
  • #336,603
  • Mar 7, 2013 6:07am Mar 7, 2013 6:07am
Long we go follow the gap
Quoting Ill-b-back
There's your bounce

  • #336,604
  • Mar 7, 2013 6:14am Mar 7, 2013 6:14am
target 15250 before retrace and then another move up imo
  • #336,605
  • Mar 7, 2013 6:25am Mar 7, 2013 6:25am
pull back to 1.5300 or 1.5298 could be in play before any further down.
  • #336,606
  • Mar 7, 2013 6:56am Mar 7, 2013 6:56am
Quoting Ill-b-back
wtf??
lol...
80 pips slippage in stop loss orders. Someone got hurt bad.

GBP is extremly manipulated. GBP manipulation provides lifeblood income to London and surrounding.

At some point these city guys will go too far and there is your opportunity.

They may have info but intelligence is on your side.
  • #336,607
  • Mar 7, 2013 6:58am Mar 7, 2013 6:58am
Quoting Ill-b-back
There's your bounce


dont f&*^k with da pound

I keep telling ya
  • #336,608
  • Mar 7, 2013 7:12am Mar 7, 2013 7:12am
My Short Trade:
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 19 KB
When Scalpers win, I lose and Vice varsa...
  • #336,609
  • Mar 7, 2013 7:16am Mar 7, 2013 7:16am
Quoting seaman2
80 pips slippage in stop loss orders. Someone got hurt bad.

GBP is extremly manipulated. GBP manipulation provides lifeblood income to London and surrounding.

At some point these city guys will go too far and there is your opportunity.

They may have info but intelligence is on your side.
every1 is a shark for ever1 else..maybe because there have order book..theres manipulation but theres always a big dog somewhere hunting
  • #336,610
  • Mar 7, 2013 8:44am Mar 7, 2013 8:44am
Navin, I lost an extra 20 pips on my trade last night due to slippage.

I contacted my broker and they said its becasuase price gapped up.

Is that something I can contest or do I just have to accept it?
  • #336,611
  • Mar 7, 2013 9:03am Mar 7, 2013 9:03am
Quoting alex1976
Navin, I lost an extra 20 pips on my trade last night due to slippage.

I contacted my broker and they said its becasuase price gapped up.

Is that something I can contest or do I just have to accept it?

IM not sure..but if it really gapped up..i doubt u can do anything
first thing is to make sure the gap is real..but forex is 24/4 market so i cant understand why theres a gap..u need to take this line of thought to yur broker..contest it!!

there is no such thing unless broker is shut i think..and yesterday they were shut
  • #336,612
  • Mar 7, 2013 12:38pm Mar 7, 2013 12:38pm
ok for a correction try today against strong bear though . next day may expect 5095 break if able close exactly around 5000 daily today. lets see what waiting for mad Friday , more correction or the tanking another step!!
eu movement ok, au not bad but gold is staggering , may be lost power !! withing positive range still .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 21 KB
Click to Enlarge Name: gu2.gif Size: 13 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,613
  • Edited 1:00pm Mar 7, 2013 12:48pm | Edited 1:00pm
http://oi49.tinypic.com/2rqn8js.jpg

GBPUSD can be long @ 1.5015-25. stop @ 1.4960 if don't want to be stop hunted unnecessary. Price is still trading on the downtrend. Final take profit @ 1.52. Advised be trade @ 1.5072.

If price can sustain closing above 1.5020, this long trade can have better probability and validity. Last support on 1.5008-1.5000. Position can also be closed off once price closed under 1.5008 for minor losses as ranging or retracement downward might happen if price don't sustain above 20.

targets as stated on the price.

A favorable closing on daily is 1.5050 for the bull. below 1.5050, price is pressured off immediate downtrend pressure @ 38.2 . weekly closing is 1.5150* for retracement back to 1.53*. Else GBPUSD might just tank further.
  • #336,614
  • Mar 7, 2013 3:07pm Mar 7, 2013 3:07pm
Quoting nAVIN2007
IM not sure..but if it really gapped up..i doubt u can do anything
first thing is to make sure the gap is real..but forex is 24/4 market so i cant understand why theres a gap..u need to take this line of thought to yur broker..contest it!!

there is no such thing unless broker is shut i think..and yesterday they were shut

Large market order will take all offers from liquidity provider and gap the market. You better have spare funds to cover losses from that. My worst slippage in GBP is 57 pips which is little compared to others but GBP seem to be the worst.
  • #336,615
  • Mar 7, 2013 8:15pm Mar 7, 2013 8:15pm
Look out below!
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,616
  • Mar 7, 2013 10:53pm Mar 7, 2013 10:53pm
I don't like to make predictions as to where price is going in a certain amount of time...but here is some possible levels Cable could reach by the close of the day/week (5PM EST).

1.4880. This would mean a retrace next week to 38.2% of this week's range would be 1.5000.
1.4800. This would mean a retrace next week to 50% of this week's range would be 1.5000.

Move to 1.4800 would be incredible and we wouldn't see 1.5000 again.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,617
  • Edited 12:44am Mar 8, 2013 12:06am | Edited 12:44am
Daily close 5013 ok (no exact 5000, that is down pressure remain intact daily level ) ,not that shifted from more correction or try yet , now I see another low perhaps before eu to correct towards 3044-34 & another try up & gu too. anyway again going some down towards 4950 ( 5th failure at previous bottom ( or already DONE ) possible 5066 as it correlate 1st wave =5th ) to 4861 before the bounce chance .Holiday time so will more time today & even scalping to do .

Checking the last leg down , apparently a corrective wave down to previous top & more again . if so watching 5006 & 24 break to confirm. otherwise 5006 limit to continue below the previous low 4981/67.
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,618
  • Mar 8, 2013 2:09am Mar 8, 2013 2:09am
Possible long opportunity forming.

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  • #336,619
  • Mar 8, 2013 2:28am Mar 8, 2013 2:28am
Just wanted to say that we should keep an open mind for fake breakouts to the south. The pair proved to be rather slippery in this area so be ready for any direction and any type of gaps if you intend to trade gu today. It also seems that traders have amazingly tight stops which contributed to the 80 so pip jump yesterday with the ECB interest rate news.

I might also add that there is some anticipation for further correction to the north which we saw in candle shadows to the north right after the jump which eventually failed to break the resistance traders inched back down to fill the gap but that in itself seems to tell A tale. The long positions that formed the gap may be still holding in anticipation for A retest upwards.

EDIT: PA also seems to respect the 55 and 200 EMAs very much! Even alot more than important levels!

Good luck to all of us...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,620
  • Mar 8, 2013 2:57am Mar 8, 2013 2:57am
Seems a tight place,
some potential down more than up to me but not playing anything today
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