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Cable Update (GBPUSD)

  • #336,941
  • Mar 13, 2013 10:05pm Mar 13, 2013 10:05pm
Quoting behman8850
hello guys! Greetings from Houston. I am short from 1.4942 and also 1.4965 TP around 1.4920.

Hello Houston,

Las Vegas here, and yes short too with similar TP
Money never sleeps...
  • #336,942
  • Mar 13, 2013 10:05pm Mar 13, 2013 10:05pm
Quoting inpatient
Hello Houston,

Las Vegas here, and yes short too with similar TP

Its just a matter of when and not if. Pound is doomed to go lower.
Money never sleeps...
  • #336,943
  • Mar 13, 2013 11:33pm Mar 13, 2013 11:33pm
Nothing more I see since last night , just a daily chart to see the details possible .buyer & sellers are equally active here . weekly down continue ok but little correction also ,already over most of the week & may continuation only then . lets see.

fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 37 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #336,944
  • Mar 13, 2013 11:42pm Mar 13, 2013 11:42pm
Quoting inpatient
Its just a matter of when and not if. Pound is doomed to go lower.

I agree with you.
  • #336,945
  • Mar 14, 2013 1:41am Mar 14, 2013 1:41am
Quoting inpatient
I have noticed that during Asian trading hours the market will move in a direction and then return to where it was when it began and sometimes go past the opening price and back again.

What im trying to say is that it seems a good time to trade for smallish 10 pip targets after the market has moved maybe 20 to 30 pips from the start.

For example, today we have risen 30 pips and it seems we are now back on the descent (likely back to below 1.4925).

Am i just tired or does this seem a credible phenomenon?
well from my personal experience franfurt sometimes presses on and escalates the asian move to a full blown swing..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,946
  • Mar 14, 2013 1:58am Mar 14, 2013 1:58am
a retest of the 4960 area is in the making i think..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,947
  • Mar 14, 2013 2:02am Mar 14, 2013 2:02am
baherhosni & inpatient,

I think you guys are over analyzing whats currently happening and trying to understand/justify why price is moving the way it is...but really its just chopping and ranging. Daily chart is showing all kinds of wicks and lower timeframes look messy as well...basically impossible to trade. You just have to sit on your hands at this point.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,948
  • Mar 14, 2013 2:04am Mar 14, 2013 2:04am
Well, I can see uptrend here.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-0314-H1.GIF Size: 33 KB
Believe what you see instead of what you think!
  • #336,949
  • Mar 14, 2013 2:09am Mar 14, 2013 2:09am
I see lots of signs at least for a near-term correction here.

Inside bars, price action, yet to retest the big psychological level of 1.5 and so on.

I definitely wouldn't be selling right now.
  • #336,950
  • Mar 14, 2013 2:25am Mar 14, 2013 2:25am
nice chart there JasmineQu, long this week
  • #336,951
  • Mar 14, 2013 2:47am Mar 14, 2013 2:47am
Quoting zusch
baherhosni & inpatient,

I think you guys are over analyzing whats currently happening and trying to understand/justify why price is moving the way it is...but really its just chopping and ranging. Daily chart is showing all kinds of wicks and lower timeframes look messy as well...basically impossible to trade. You just have to sit on your hands at this point.
ai ai sir!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,952
  • Mar 14, 2013 3:00am Mar 14, 2013 3:00am
Quoting zusch
baherhosni & inpatient,

I think you guys are over analyzing whats currently happening and trying to understand/justify why price is moving the way it is...but really its just chopping and ranging. Daily chart is showing all kinds of wicks and lower timeframes look messy as well...basically impossible to trade. You just have to sit on your hands at this point.
although, i might add, the prince has been bouncing off the 55 ema for quite a few bars heading towards the 200 ema! so if an upwards move is to occur, will the 200 ema hold? that may be an interesting question and will it become support?

just thinking out loud btw!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,953
  • Mar 14, 2013 3:00am Mar 14, 2013 3:00am
Quoting baherhosni
ai ai sir!
Just trying to help!
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #336,954
  • Mar 14, 2013 3:07am Mar 14, 2013 3:07am
Quoting JasmineQu
Well, I can see uptrend here.
nice chart..look at the obvious inverse head and shoulder and bullish diverence on dailly..this will help keep the mofo up
  • #336,955
  • Mar 14, 2013 3:12am Mar 14, 2013 3:12am
Whilst GBP/JPY is currently heading north, GBP/USD is not going with it. I see that as a small indication that at this moment in time the bulls are not with GBP/USD, they may arrive later today.
  • #336,956
  • Mar 14, 2013 3:22am Mar 14, 2013 3:22am
Quoting blobsaudio
Whilst GBP/JPY is currently heading north, GBP/USD is not going with it. I see that as a small indication that at this moment in time the bulls are not with GBP/USD, they may arrive later today.
looks like its already happening! :-)
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #336,957
  • Mar 14, 2013 3:32am Mar 14, 2013 3:32am
Quoting baherhosni
looks like its already happening! :-)
I will see when the candle closes, but looking at Eur/USD and EUR/JPY I see a similar picture.

From 6am GMT GBP/JPY has moved 100 pips from its open while GBP/USD has moved 27 pip. I know they have a different daily range, but it seems very disproportionate.
  • #336,958
  • Mar 14, 2013 3:36am Mar 14, 2013 3:36am
Quoting blobsaudio
Whilst GBP/JPY is currently heading north, GBP/USD is not going with it. I see that as a small indication that at this moment in time the bulls are not with GBP/USD, they may arrive later today.

again we are looking counter currencies..yen and usd..usd is stronger that is why!!

gbp is being bought but so is usd..i dont know if u catching what im saying
while yen isnt being bought
  • #336,959
  • Mar 14, 2013 3:57am Mar 14, 2013 3:57am
I can see a strong Yen for this weekend.

Quoting nAVIN2007
again we are looking counter currencies..yen and usd..usd is stronger that is why!!

gbp is being bought but so is usd..i dont know if u catching what im saying
while yen isnt being bought
  • #336,960
  • Mar 14, 2013 3:57am Mar 14, 2013 3:57am
I,m only interested in yesterday and today. Daily pivot is holding so far as is trend line. Looking to target yesterdays high or low but which one!
Attached Image (click to enlarge)
Click to Enlarge Name: cable.png Size: 38 KB
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