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Cable Update (GBPUSD)

  • #336,801
  • Mar 12, 2013 4:35am Mar 12, 2013 4:35am
No no no
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,802
  • Mar 12, 2013 4:38am Mar 12, 2013 4:38am
Say welcome to 1.44.
  • #336,803
  • Mar 12, 2013 4:40am Mar 12, 2013 4:40am
fundamental have been crashing gbp.
  • #336,804
  • Mar 12, 2013 4:42am Mar 12, 2013 4:42am
Quoting 5percent
fundamental have been crashing gbp.
Yep! Anybody looking to long Cable during the past 2 months was unwise to do so. The 4-year symmetrical triangle that I kept talking about is a very POWERFUL break to the downside. That along with the monthly candle...

Best to short any and all retraces to the upside.
  • #336,805
  • Mar 12, 2013 4:55am Mar 12, 2013 4:55am
Anticipate 4775...for a decent bounce before a longer term @ 42xx should it get there...
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 30 KB
Those that say do not know. Those that know do not say.
  • #336,806
  • Mar 12, 2013 5:04am Mar 12, 2013 5:04am
Quoting ohenry
Anticipate 4775...for a decent bounce before a longer term @ 42xx should it get there...
I do agree. As I said on Saturday, the next level is around 1.4380 . We may forget about GBPUSD above 1.50 .
  • #336,807
  • Mar 12, 2013 5:08am Mar 12, 2013 5:08am
Quoting baherhosni
This is my humble look at our situation and of course should be over ruled by the experts in the house :

Of course, we need to keep in mind that cable is amazingly oversold due to the bubble the Olympics created in 2012 and POPed as 2013 came in. on W1 GU the 200 EMA was almost flat lately, so the selling is starting to make it look south now (naturally based on the fundamentals and the lack of demand for cable since the Olympics which created the high demand of last year are over), the price is very far from all its moving averages even the...
Again!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,808
  • Mar 12, 2013 5:10am Mar 12, 2013 5:10am
Uk Data react takes us down to 4830 (Daily S2.) @/Below here:

4830 Current daily Lo and Daily S2
4822 76.4% 4225-6746
4806 Weekly S1 @/around
4796 Daily S3
4688 Weekly S2 @/around
4595 85.4% 4225-6746
4576 Monthly S2 @/around
4400-4342 prev minor weekly sw lo zone incl 4374 = Weekly S3 @/around
4332-4225 prev weekly/monthly sw lo zone

Strong bids reported in the 4800-10 area ?

G/L
ex member
  • #336,809
  • Mar 12, 2013 5:39am Mar 12, 2013 5:39am
Great data

Quoting bbmac
Uk Data react takes us down to 4830 (Daily S2.) @/Below here:

4830 Current daily Lo and Daily S2
4822 76.4% 4225-6746
4806 Weekly S1 @/around
4796 Daily S3
4688 Weekly S2 @/around
4595 85.4% 4225-6746
4576 Monthly S2 @/around
4400-4342 prev minor weekly sw lo zone incl 4374 = Weekly S3 @/around
4332-4225 prev weekly/monthly sw lo zone

Strong bids reported in the 4800-10 area ?

G/L
  • #336,810
  • Mar 12, 2013 5:45am Mar 12, 2013 5:45am
4878 limit for down to more down wave format now . lets see how far 47** ( 64 ) down if or if so why not 4444 or less . frustration in gu supports . hints , eu to go 2950 or more , gold still may to fall 1571 before up starts .
lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,811
  • Mar 12, 2013 5:51am Mar 12, 2013 5:51am
Quoting kamifx
As I mentioned today, pair needs momentum to go down and you see the Up Trend
Unfortunately, pair did not go upwards to see lower than 1.4780 till now and that's the reason we see swing between 1.4877 - 1.4835 right now so don't be so optimistic to go below 1.4780 very soon. be patient till enough energy
Don’t follow someone else’s trading advice blindly
  • #336,812
  • Mar 12, 2013 6:00am Mar 12, 2013 6:00am
But you can see that the pair has the weakest performance during last 4 years. It has potential to sink toward 1.44 easily.

Quoting kamifx
Unfortunately, pair did not go upwards to see lower than 1.4780 till now and that's the reason we see swing between 1.4877 - 1.4835 right now so don't be so optimistic to go below 1.4780 very soon. be patient till enough energy
  • #336,813
  • Mar 12, 2013 6:04am Mar 12, 2013 6:04am
I am waiting for a good level to enter , I think going short on the pound at this level is a mistake. The pair is oversold . Waiting for retracement then Sell rally
  • #336,814
  • Mar 12, 2013 6:25am Mar 12, 2013 6:25am
Quoting Maso
But you can see that the pair has the weakest performance during last 4 years. It has potential to sink toward 1.44 easily.
You are right, i am sure it goes down.
if have read my posts during these weeks, i mentioned the same but most of traders are day traders and should be cared about day trading and for going toward 1.44?? or below there all traders sure it will be touched till the end of the next month
We have to try to give clear levels to get profit during the days, otherwise we have to open our position above 1.61 and never post any new levels
As you see most of traders here posting new levels per day
Cheers
Don’t follow someone else’s trading advice blindly
  • #336,815
  • Mar 12, 2013 6:56am Mar 12, 2013 6:56am
Referring to my former post, hope you get the idea of my writing about going up and down for opening position and get profit
now pair above 1.4877 as i said at the time of strong down trending because i was sure it would be back because of weak momentum for going down straight forward (as you said)
For instance another trader here has given very good levels about downward moving and the up level limited on 1.4835 so it is not acceptable for day trading this is just a big picture of market (of course i appreciate for his sharing)
Please, take a look at my comment for USDCHF though
Nice day
Don’t follow someone else’s trading advice blindly
  • #336,816
  • Mar 12, 2013 7:16am Mar 12, 2013 7:16am
Here is an example of learning how to trade with the trend. This is NOT intraday trading as can be seen by the amount of pips gained per trade. Positions are held for days and even weeks at a time.

October 2012 - March 2013

Total Pips: 5,003
Total Trades: 20
Win Rate: 90%
Profit Factor: 10.58
Max Draw Down (in pips): 522
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_-_Statistics.png Size: 38 KB
Click to Enlarge Name: GBPUSD_-_Trades_(1).png Size: 57 KB
Click to Enlarge Name: GBPUSD_-_Trades_(2).png Size: 28 KB
  • #336,817
  • Mar 12, 2013 7:28am Mar 12, 2013 7:28am

Quoting 100PipsADay
Here is an example of learning how to trade with the trend. This is NOT intraday trading as can be seen by the amount of pips gained per trade. Positions are held for days and even weeks at a time.

October 2012 - March 2013

Total Pips: 5,003
Total Trades: 20
Win Rate: 90%
Profit Factor: 10.58
Max Draw Down (in pips): 522
  • #336,818
  • Mar 12, 2013 7:29am Mar 12, 2013 7:29am
Quoting 100PipsADay
Here is an example of learning how to trade with the trend. This is NOT intraday trading as can be seen by the amount of pips gained per trade. Positions are held for days and even weeks at a time.

October 2012 - March 2013

Total Pips: 5,003
Total Trades: 20
Win Rate: 90%
Profit Factor: 10.58
Max Draw Down (in pips): 522
There are some info by Software how can we learn about how to trade according to this software as U said! referring your posts in another thread some time is ok and sometimes!!!!!!!!?
Don’t follow someone else’s trading advice blindly
  • #336,819
  • Mar 12, 2013 7:29am Mar 12, 2013 7:29am
http://my.jetscreenshot.com/6252/m_2...-sdng-80kb.jpg

buy gbpusd..swing..
  • #336,820
  • Mar 12, 2013 7:30am Mar 12, 2013 7:30am
Quoting CurrencyCash
what platform is this from
This is a custom EA and it's not for sale. Very little human intervention was needed to obtain that type of success.

GBP/AUD was even better!!!
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