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Cable Update (GBPUSD)

  • #337,241
  • Mar 19, 2013 7:39am Mar 19, 2013 7:39am
Quoting alexrazon
im almost about to fall of my chair lol

CAD manufacturing sales (whatever that is) didnt do anything much either

I have got one small sell on but i would rather have a face ripping rally than this boredom
  • #337,242
  • Mar 19, 2013 8:23am Mar 19, 2013 8:23am
bullish flag???
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader 4 admiral markets as.png Size: 71 KB
The market was bullish, turned bearish, and you'are brokish!!!
  • #337,243
  • Mar 19, 2013 8:57am Mar 19, 2013 8:57am
Be carful, Big Investors and Brokers and Banks hand in hand try to defraud individual traders if you look at all pair you find out the movement,pairs are reacted to false levels , Please Please just enter on strong Level and area they can do anything to kick all them out
Don’t follow someone else’s trading advice blindly
  • #337,244
  • Mar 19, 2013 9:01am Mar 19, 2013 9:01am
from my point of view, still blur and no clear direction




http://www.free-image-hosting.com/im...3/19/cVTxb.jpg
  • #337,245
  • Mar 19, 2013 9:03am Mar 19, 2013 9:03am
what I see cable doing is Long for 1.5172
  • #337,246
  • Mar 19, 2013 9:17am Mar 19, 2013 9:17am
This ranging has made it very difficult to work out what is going on. Just as you think it's making a break for it, it settle back into ranging again.
  • #337,247
  • Mar 19, 2013 9:17am Mar 19, 2013 9:17am
We await the UK budget. The budget will give no surprises so just look at your monthly chart all the answers are there and very clear. If you day trade it doesn't matter.
  • #337,248
  • Mar 19, 2013 9:24am Mar 19, 2013 9:24am
Hi,

After strong rise in Thursday GBP moved sideways on Friday and Monday.

Monday close was lower than open. So bulls lost their strength.

Currently GBP is in sideways mode.

Recently GBP tried to break throught yesterday's high but was rejected strongly.

So I expect that correction is coming.

Therefore I went short at 1.5115/16.

Take profit is at 1.5081 and 1.5050.

Regards,
Analyst
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-short-March19-modified.jpg Size: 89 KB
  • #337,249
  • Mar 19, 2013 9:30am Mar 19, 2013 9:30am
Quoting fx-analyst
Hi,

After strong rise in Thursday GBP moved sideways on Friday and Monday.

Monday close was lower than open. So bulls lost their strength.

Currently GBP is in sideways mode.

Recently GBP tried to break throught yesterday's high but was rejected strongly.

So I expect that correction is coming.

Therefore I went short at 1.5115/16.

Take profit is at 1.5081 and 1.5050.

Regards,
Analyst
Nice pick! if the TP1 hit, I suggest you move the TP2 to just above 1.5000 few pips, she will go there, but not break it out today.
  • #337,250
  • Mar 19, 2013 9:30am Mar 19, 2013 9:30am
WAIT!

some selling action

charts charts
  • #337,251
  • Mar 19, 2013 9:31am Mar 19, 2013 9:31am
First target at 1.5081 is taken, profit is 35 pip.
If will be pullback I will probably open next position at better price.


Quoting fx-analyst
Hi,

After strong rise in Thursday GBP moved sideways on Friday and Monday.

Monday close was lower than open. So bulls lost their strength.

Currently GBP is in sideways mode.

Recently GBP tried to break throught yesterday's high but was rejected strongly.

So I expect that correction is coming.

Therefore I went short at 1.5115/16.

Take profit is at 1.5081 and 1.5050.

Regards,
Analyst
  • #337,252
  • Mar 19, 2013 9:33am Mar 19, 2013 9:33am
Shorted close of last candle see where we go
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh2.png Size: 29 KB
  • #337,253
  • Mar 19, 2013 9:33am Mar 19, 2013 9:33am
First target is reached at 1.5081, profit is 35 pip.

If GBP will rise slowly I will probably open next position at better price.
[/quote]

Quoting fx-analyst
First target at 1.5081 is taken, profit is 35 pip.
If will be pullback I will probably open next position at better price.
  • #337,254
  • Mar 19, 2013 9:37am Mar 19, 2013 9:37am
Quoting fx-analyst
First target is reached at 1.5081, profit is 35 pip.

If GBP will rise slowly I will probably open next position at better price.
[/quote]
Looking for it to test the days low
  • #337,255
  • Mar 19, 2013 10:01am Mar 19, 2013 10:01am
H4


Quoting Bones
usd bear set up
Attached Image (click to enlarge)
Click to Enlarge Name: usd lfx h4 19-3-13.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,256
  • Mar 19, 2013 10:04am Mar 19, 2013 10:04am
Great Chart

Let see a BIG FALL 200 pips...

Quoting Bones
H4
  • #337,257
  • Mar 19, 2013 10:05am Mar 19, 2013 10:05am
Can you revised your analysis now?

Quoting FXThug
bullish flag???
  • #337,258
  • Mar 19, 2013 10:27am Mar 19, 2013 10:27am
The 1.50700 area has held for three days now what cant go down must go up
  • #337,259
  • Mar 19, 2013 10:27am Mar 19, 2013 10:27am
GBPUSD:
I would rather put an order on BUY:
To 1.152658 SL 1.50650.
  • #337,260
  • Mar 19, 2013 10:44am Mar 19, 2013 10:44am
What about tomorrow that the UK government announces the budget?

Quoting funtik
GBPUSD:
I would rather put an order on BUY:
To 1.152658 SL 1.50650.
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