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Cable Update (GBPUSD)

  • #337,341
  • Mar 20, 2013 5:14am Mar 20, 2013 5:14am
I took 50 pips, reopened half my previous size to look for 1.5175 and 1.52, possible 1.53.
A 1 pip gain is better than a 1 pip loss.
  • #337,342
  • Mar 20, 2013 5:17am Mar 20, 2013 5:17am
Quoting neil324
Insane PA.
Banks are getting in.. bullish technical's, i reckon it could go as far as 1.53 short term to weekly bottom.. That's what it looks like on weekly chart.. Has to get past 1.52 first though..

If we get past 1.52 many short stops will be hit and 1.53 should be easy as..
  • #337,343
  • Mar 20, 2013 5:23am Mar 20, 2013 5:23am
waiting for a small dip to enter. Longs will be rewarded today
  • #337,344
  • Mar 20, 2013 5:28am Mar 20, 2013 5:28am
A breakout here looks imminent at 150 with a test of 275 ahead - although to happen today would put the day's range at 250 pips (bit of a stretch) - so I'm looking at pullbacks to 120 ish to re-enter long for 170s ...
  • #337,345
  • Mar 20, 2013 5:32am Mar 20, 2013 5:32am
break , pullback consolidation
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd h8 20-3-13.png Size: 44 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,346
  • Mar 20, 2013 5:35am Mar 20, 2013 5:35am
We are getting close to a price zone on the daily around 1.5180. Price has historically turned around a lot at this point. The most recent example was Friday. Price will either break here or turn around again.
  • #337,347
  • Mar 20, 2013 5:37am Mar 20, 2013 5:37am
Acting on this after break above the blue zone. The consolidation may be over after FOMC later.
Just looking for a perfect accelerator to push out.
Attached Image (click to enlarge)
Click to Enlarge Name: pound zone of action.JPG Size: 153 KB

  • #337,348
  • Mar 20, 2013 5:57am Mar 20, 2013 5:57am
still within the bigger range of hour1 and hour 4, Price must contained and close above 1.5150 for challenge upwards. still have selling pressure.
  • #337,349
  • Mar 20, 2013 6:01am Mar 20, 2013 6:01am
Quoting Danny Maina
Acting on this after break above the blue zone. The consolidation may be over after FOMC later.
Just looking for a perfect accelerator to push out.
Attachment
...
Why can't you just type with normal fonts like everyone else?
A 1 pip gain is better than a 1 pip loss.
  • #337,350
  • Mar 20, 2013 6:13am Mar 20, 2013 6:13am
Uk Govt's budget at 1230pm London time

G/L
ex member
  • #337,351
  • Mar 20, 2013 6:21am Mar 20, 2013 6:21am
Quoting aeternum
Why can't you just type with normal fonts like everyone else?
So that when I come back to the forum i can easily Identify my posts.
Why do you type with a normal font like everyone else?
  • #337,352
  • Mar 20, 2013 6:29am Mar 20, 2013 6:29am
anyone have thoughts on an ideal long re-entry. 1.5100?
  • #337,353
  • Mar 20, 2013 6:33am Mar 20, 2013 6:33am
New Swing Between 1.5110/18 for 1.5140/52 If up Trend Breaks should see 1.5185
If it goes under 1.5104 we can expect 1.5084 be seen
But right now (of course News very important in US Market) there is a tendency toward 1.5185
Don’t follow someone else’s trading advice blindly
  • #337,354
  • Mar 20, 2013 6:36am Mar 20, 2013 6:36am
Quoting chazzle
A breakout here looks imminent at 150 with a test of 275 ahead - although to happen today would put the day's range at 250 pips (bit of a stretch) - so I'm looking at pullbacks to 120 ish to re-enter long for 170s ...
there it is ... see if budget news will push this -
  • #337,355
  • Mar 20, 2013 6:52am Mar 20, 2013 6:52am
Quoting Danny Maina
So that when I come back to the forum i can easily Identify my posts.
Why do you type with a normal font like everyone else?

Because I'm not a particular outstanding trader to have the need to be able to identify my own posts. If you need to keep a journal on your trades, you should try opening your own thread at the journal forum.
A 1 pip gain is better than a 1 pip loss.
  • #337,356
  • Mar 20, 2013 6:55am Mar 20, 2013 6:55am
Quoting Danny Maina
So that when I come back to the forum i can easily Identify my posts.
Why do you type with a normal font like everyone else?

http://www.forexfactory.com/search.php?searchid=5319759 . bookmarked it.
  • #337,357
  • Mar 20, 2013 7:04am Mar 20, 2013 7:04am
minimized my 9% loss by shorting 1.5150. but in -5.8 % minus today.
that was unexpected. i will keep that leson for the furture.
  • #337,358
  • Mar 20, 2013 7:08am Mar 20, 2013 7:08am
Quoting Trader88q
minimized my 9% loss by shorting 1.5150. but in -5.8 % minus today.
that was unexpected. i will keep that leson for the furture.
If you lose 5.8% in a single day you're overleveraged...
  • #337,359
  • Mar 20, 2013 7:12am Mar 20, 2013 7:12am
will this push higher have the beans to get it to 1.5175?
  • #337,360
  • Mar 20, 2013 7:15am Mar 20, 2013 7:15am
Quoting shripsfx
will this push higher have the beans to get it to 1.5175?
175 wide open - doubtful of a break to that level pre-budget news - and said news perfect opportunity to flush weak longs ... caution imo
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