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Cable Update (GBPUSD)

  • #337,181
  • Mar 18, 2013 10:16am Mar 18, 2013 10:16am
Quoting Robot
Yea i'm trying to get to 10vs too but nobody likes me
yes but you have NAV which is worth 10, Nav don't just vouch for nothing. Through experience, understanding and ability which if Nav sees then im sure its just a matter of time.
Money never sleeps...
  • #337,182
  • Mar 18, 2013 10:21am Mar 18, 2013 10:21am
Lower highs, higher lows and head and shoulders pattern that hasn't really developed as it should have. Only thing to do is wait some more
  • #337,183
  • Mar 18, 2013 10:35am Mar 18, 2013 10:35am
Quoting kamifx
Near 1.5106 Volume H1, M30 is Rising But H4 shows Declining
M1, M5, M30 show Declining
In this regards, we are facing consolidate Movement with Up Direction tendency again 1.5067/73 is the key for Breaking Low levels
1.5175 for Up direction

Scalping Trade

Short Position 1.5135/40 S/L=1.5145 T/P= near 1.5120
Long Position 1.5109 S/L=1.5098 T/P= near 1.5128
One way scalping touched the T/P Level and now for those who can control themselves next target on down run is 1.5037 but i put T/P 1.5043
Don’t follow someone else’s trading advice blindly
  • #337,184
  • Edited 11:10am Mar 18, 2013 10:58am | Edited 11:10am
I believe cable may have finally broken out to the south.

Attached Image (click to enlarge)
Click to Enlarge Name: hmm.jpg Size: 83 KB


Assuming the current candle closes below those lines.
  • #337,185
  • Mar 18, 2013 11:16am Mar 18, 2013 11:16am
Its probably waiting for the news and budget to decide direction so more tight range ?
  • #337,186
  • Mar 18, 2013 11:16am Mar 18, 2013 11:16am
Quoting inpatient
yeah 5 now, getting there steadily. A lot of reading, learning and development of more self control. Its quite a journey and it seems that the more I learn the less i know. learning to just accept the randomness of forex

congrates on a well deserved "v"...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,187
  • Mar 18, 2013 12:04pm Mar 18, 2013 12:04pm
i see some downward pressure on M15 at 5090.. break south for 40 pips? i hate it when i just provide the commentary on the pa.. huh..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,188
  • Mar 18, 2013 12:07pm Mar 18, 2013 12:07pm
Quoting baherhosni
i see some downward pressure on M15 at 5090.. break south for 40 pips? i hate it when i just provide the commentary on the pa.. huh..
Sorry bro, just at the gym. Thanks for the kind words.

Yes I agree, been saying for a while now pa looks bearish
Money never sleeps...
  • #337,189
  • Mar 18, 2013 12:09pm Mar 18, 2013 12:09pm
Only a break of 1.5145 will change my opinion
Money never sleeps...
  • #337,190
  • Mar 18, 2013 12:13pm Mar 18, 2013 12:13pm
My take on the past 2 hours. Sorry I couldn't quite decide where to draw the bottom lines so went for two.

Attached Image (click to enlarge)
Click to Enlarge Name: hmm.jpg Size: 86 KB


A break below 1.5070/1.5060 should confirm a further move down, as 1.5070/1.5060 is where we have been finding support since Friday.
  • #337,191
  • Mar 18, 2013 1:16pm Mar 18, 2013 1:16pm
roll roll roll the price gently down the range, merely merely merely merely all i see is east!!

never mind me guys. just bored.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,192
  • Edited 1:44pm Mar 18, 2013 1:33pm | Edited 1:44pm
from wht i see , the pa stuck at the TL for this couple of hours

hopefully it will bounce to south after this




http://www.free-image-hosting.com/im...3/18/1SkXU.jpg
  • #337,193
  • Mar 18, 2013 1:39pm Mar 18, 2013 1:39pm
It's ranging until the CPI news tomorrow but more likely the budget
  • #337,194
  • Mar 18, 2013 1:58pm Mar 18, 2013 1:58pm
Quoting brinks
It's ranging until the CPI news tomorrow but more likely the budget
Its ranging because of a large rise - profit taking etc. CPI is already written in to the price. Budget is a joke don't expect any surprises. Cable will go down and the key is not CPI or budget its in Japan.
  • #337,195
  • Mar 18, 2013 2:09pm Mar 18, 2013 2:09pm
Quoting baherhosni
roll roll roll the price gently down the range, merely merely merely merely all i see is east!!

never mind me guys. just bored.
Inserted Video
  • #337,196
  • Mar 18, 2013 2:17pm Mar 18, 2013 2:17pm
Quoting C345
Its ranging because of a large rise - profit taking etc. CPI is already written in to the price. Budget is a joke don't expect any surprises. Cable will go down and the key is not CPI or budget its in Japan.
Yes I agree no surprise coming out of the budget just a big letdown,so how is japan the key?
  • #337,197
  • Mar 18, 2013 2:23pm Mar 18, 2013 2:23pm
Quoting brinks
Yes I agree no surprise coming out of the budget just a big letdown,so how is japan the key?
As i see it there are buyers for both pound and US dollar hence cable ranging. Look at the yen pairs.
  • #337,198
  • Mar 18, 2013 2:38pm Mar 18, 2013 2:38pm
Quoting C345
As i see it there are buyers for both pound and US dollar hence cable ranging. Look at the yen pairs.
seems to be the case for now but in reality who would want to buy the pound right now? What are they thinking?
Money never sleeps...
  • #337,199
  • Mar 18, 2013 2:44pm Mar 18, 2013 2:44pm
Quoting inpatient
seems to be the case for now but in reality who would want to buy the pound right now? What are they thinking?
Not really sure - best bet has to be short the euro which will drag cable down anyway and then some sort of hedge with usd/jpy lol need a beer
  • #337,200
  • Mar 18, 2013 3:02pm Mar 18, 2013 3:02pm
Quoting C345
Not really sure - best bet has to be short the euro which will drag cable down anyway and then some sort of hedge with usd/jpy lol need a beer

wow, we agree on everything (apart from the beer) wife does not let me drink!
Money never sleeps...
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