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Cable Update (GBPUSD)

  • #337,321
  • Mar 20, 2013 4:44am Mar 20, 2013 4:44am
Quoting Trader88q
what a crazy day. had similiar 6 mounths ago.
any ideas where we are going? cause i think in 5150 it could turn back to 5050 faking speculators

i will sell 5150 SL 5050 TP 5300
I would wait until it has tested last weeks high of 5177 before looking for a short. if it breaks could see 5250
  • #337,322
  • Mar 20, 2013 4:45am Mar 20, 2013 4:45am
Quoting Trader88q
what a crazy day. had similiar 6 mounths ago.
any ideas where we are going? cause i think in 5150 it could turn back to 5050 faking speculators

i will sell 5150 SL 5050 TP 5300
1.53 at least according to weekly chart.. Then maybe a small retrace to 1.5030 area again and then back to 1.55 at least i reckon.. While there is a lot of issues in Britain it is exceedingly undervalued and like most know fundamentals do not mave the market overall.. The banks do mainly and technicals show what they are doing..

Regards,
  • #337,323
  • Mar 20, 2013 4:45am Mar 20, 2013 4:45am
Quoting ForexRatVN
From my view, no one either go up or down since beginning of week - she plays quite well in the tight range.

What is market waiting? A bad news to drag her long way down. Fortunately, there isn't single one apart from the budget report tomorrow.

It should not have big surprise in report tomorrow. Every event / news already priced in recently.

So, what is my view? I am bias on the north movement, but taking care of the market speculators bias on the bear as well.

I will wait someone pull her down to the round number 1.5 then place the...
Just remove 1/2 position with +50 pips & set BE for the rest, move the TP2 to 1.53 (take out 1/4 position if luck to see), then TP3 firm @ 1.55 at the month end
  • #337,324
  • Mar 20, 2013 4:45am Mar 20, 2013 4:45am
Quoting Thfc
I would wait until it has tested last weeks high of 5177 before looking for a short. if it breaks could see 5250
117 pips in 3 minutes

ok then i will wait 5177 too. i dont think it will be broken today. maybe 5210 maximum
  • #337,325
  • Mar 20, 2013 4:52am Mar 20, 2013 4:52am
I like this chart ,

I like the symmetry for end of week and month close

and also the location ,not mid like I see often


Quoting Bones
H4
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,326
  • Mar 20, 2013 4:52am Mar 20, 2013 4:52am
That is the reason i have told some traders never comment about trend when they don't have good view of market and try to see market and it's order then say about a lot of down or up and make people involve about misconception of your market view, Please
Don’t follow someone else’s trading advice blindly
  • #337,327
  • Mar 20, 2013 4:54am Mar 20, 2013 4:54am
if this comes back down anymore we might see that bullish candle reverse over the next hour
Money never sleeps...
  • #337,328
  • Mar 20, 2013 4:56am Mar 20, 2013 4:56am
Quoting tony_dtrader
3 trades buy @ 1.5030 SL-1.5009 TP- 1.5250

Enjoyed this fake London breakout, old big boys playing the trick again.
100pip x 3 closed in 5mins

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prepare for worst & expect the best
  • #337,329
  • Mar 20, 2013 4:56am Mar 20, 2013 4:56am
Quoting Trader88q
what a crazy day. had similiar 6 mounths ago.
any ideas where we are going? cause i think in 5150 it could turn back to 5050 faking speculators

i will sell 5150 SL 5050 TP 5300
you sell TP 5300??
A 1 pip gain is better than a 1 pip loss.
  • #337,330
  • Mar 20, 2013 4:56am Mar 20, 2013 4:56am
something I have found with news is that when coming against the grain (we were falling toward 1.50)

it simply acts as a short term change which reverses once the 'news hysteria' has broken.

We will see.....
Money never sleeps...
  • #337,331
  • Mar 20, 2013 4:57am Mar 20, 2013 4:57am
looks like somebody who putt bilions to short pound in 5100 was punished by the bigger hand with more billions. only imagine a loss of those guys.
  • #337,332
  • Mar 20, 2013 4:57am Mar 20, 2013 4:57am
WTF? I thought finally this POS goes down.
  • #337,333
  • Mar 20, 2013 4:59am Mar 20, 2013 4:59am
watching 1.5150 and 80 now. a burst can say hi to 1.5250/1.53
  • #337,334
  • Mar 20, 2013 5:00am Mar 20, 2013 5:00am
Insane PA.
  • #337,335
  • Edited 5:22am Mar 20, 2013 5:05am | Edited 5:22am
maybe monthly will tip also ,maybe the lines important maybe not ,maybe test
I think of all the levels taken and its not unreasonable to think we would go back ,1.5800


Quoting Bones
my view
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,336
  • Mar 20, 2013 5:06am Mar 20, 2013 5:06am
Nice upward move there All the way to 1.5300 by end of the day.

Attached Image (click to enlarge)
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100 pips in 15 minutes.
Trailing with 30 pips so far 80 pocketed.
  • #337,337
  • Mar 20, 2013 5:10am Mar 20, 2013 5:10am
Strong Uk data react from 0930am London.....last 1hr candle body bullishly engulfs last 19 bodies on that t/f...a significant candle ?

offers touted 5150, 5180 and potentially stronger at 5200 ?

G/L
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ex member
  • #337,338
  • Edited 5:22am Mar 20, 2013 5:10am | Edited 5:22am
This development is near solid , breaks 5068 & back 5143 , next 5165/81 breaks for 5222 direct , real test 5317. ok may be some scam going on & still may fail also before 5176, as it come so it down too.

if 5222 and 5317 breaks & hold then 5630 next target but if not hold even breaks then 1444 or low next level , a very hard nut to crack .side will down myself that case only.
Eu not so still , 2950,75 ok in watch list , gold sleeping /watching others if to follow . lets see.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #337,339
  • Mar 20, 2013 5:10am Mar 20, 2013 5:10am
what moved the G/U..? suddently rose -up...
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #337,340
  • Mar 20, 2013 5:13am Mar 20, 2013 5:13am
you could look at gold
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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