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Cable Update (GBPUSD)

  • #337,461
  • Mar 21, 2013 9:23am Mar 21, 2013 9:23am
Quoting aeternum
But it did break 1.52, just didn't go higher to test 1.522.
yes but since monday we gain only 100 up from 5100 it shows very weak uptrend. that means that market dont wana buy pound now for some magic reason that we dont know.

if market dont want to buy pound then it would prefer to sell it.

ok i open few shorts 5150 TP at 4900.
  • #337,462
  • Mar 21, 2013 9:35am Mar 21, 2013 9:35am
Quoting baherhosni
if it will improve my trading skills, where do sign up for the next slot in the OR doc?
On the contrary, It is I in need of your mental fortiitude


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.
Quoting baherhosni
We went up and we went down, but the 5100s are still in town
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #337,463
  • Mar 21, 2013 9:42am Mar 21, 2013 9:42am
i saw the GU chart on daily. but i confused a while when i looked up.

does GU will continually up this week

i need many advises, because i really hesitate of my analyze
  • #337,464
  • Mar 21, 2013 10:02am Mar 21, 2013 10:02am
Quoting Trader88q
yes but since monday we gain only 100 up from 5100 it shows very weak uptrend. that means that market dont wana buy pound now for some magic reason that we dont know.

if market dont want to buy pound then it would prefer to sell it.

ok i open few shorts 5150 TP at 4900.
The break was from news fundamentals. May have opened some doors. I'm short too. But if this goes higher, it could even see 1.54-1.56 depending on how volatile it is. But end target somewhere along 1.48-1.49, then I'm lost.
A 1 pip gain is better than a 1 pip loss.
  • #337,465
  • Mar 21, 2013 10:32am Mar 21, 2013 10:32am
from a purely technical prospective, we are still on the right hand shoulder of an inverted H/S pattern on D1..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,466
  • Mar 21, 2013 10:36am Mar 21, 2013 10:36am
if it does fulfill the pattern, then to 5235 as first target then 5390 area should be second target..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,467
  • Mar 21, 2013 10:41am Mar 21, 2013 10:41am
Quoting surgeon
On the contrary, It is I in need of your mental fortiitude
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,468
  • Mar 21, 2013 11:39am Mar 21, 2013 11:39am
this thought just came to me while taking a peek on tomorrow's econ calendar.. lol .. that in FOREX "no news is bad news"!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,469
  • Mar 21, 2013 11:52am Mar 21, 2013 11:52am
ok.. now i see two bullish signals:

1) the inverted H/S on D1
2) a possible cup and handle pattern on M30 almost complete
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,470
  • Mar 21, 2013 12:09pm Mar 21, 2013 12:09pm
my view

Quoting FuzaGame
i saw the GU chart on daily. but i confused a while when i looked up.

does GU will continually up this week

i need many advises, because i really hesitate of my analyze
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd d1 21-3-13.png Size: 48 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,471
  • Mar 21, 2013 12:37pm Mar 21, 2013 12:37pm
Quoting baherhosni
this thought just came to me while taking a peek on tomorrow's econ calendar.. lol .. that in FOREX "no news is bad news"!!
I agree. However, "no news is bad news except the last news(Retail sales; Public Sector Net Borrowing) was good news".
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #337,472
  • Mar 21, 2013 1:10pm Mar 21, 2013 1:10pm
Be ready pair moves above 1.5192
Don’t follow someone else’s trading advice blindly
  • #337,473
  • Mar 21, 2013 4:01pm Mar 21, 2013 4:01pm
Quoting kamifx
Be ready pair moves above 1.5192
or below 1.508

TBH this ranging has about finished me off from boredom. I want it to go south (under 1.50) so I can get in long but im at the point now where I just want it to do something at least.

The fact we have not popped much above 1.52 leads me to think we wont. With options expiring tomorrow I would think it was now or never. Expect (hoping) for something to happen soon.
Money never sleeps...
  • #337,474
  • Mar 21, 2013 4:17pm Mar 21, 2013 4:17pm
Quoting inpatient
or below 1.508

TBH this ranging has about finished me off from boredom. I want it to go south (under 1.50) so I can get in long but im at the point now where I just want it to do something at least.

The fact we have not popped much above 1.52 leads me to think we wont. With options expiring tomorrow I would think it was now or never. Expect (hoping) for something to happen soon.
It has stayed rather close to 1.5185 today which is slightly different from what has happened the past few days. With no major news tomorrow that can trigger a spike, it will be interesting to see if it breaks this point of finally moves away. Going all the way back to 1996 shows what a tough cookie to crack this price area is.
  • #337,475
  • Mar 21, 2013 4:22pm Mar 21, 2013 4:22pm
Looking for Pound to head lower before higher, break 5088 if we can get passed that I'll be looking for a bounce at 5056
the market can remain irrational longer than you can remain solvent
  • #337,476
  • Mar 21, 2013 4:22pm Mar 21, 2013 4:22pm
Quoting blobsaudio
It has stayed rather close to 1.5185 today which is slightly different from what has happened the past few days. With no major news tomorrow that can trigger a spike, it will be interesting to see if it breaks this point of finally moves away. Going all the way back to 1996 shows what a tough cookie to crack this price area is.
I agree it hasn't sold off much from this area and earlier when it did it was bought back up so I'm thinking it may continue to be bullish but with Friday and rumours of a downgrade coming you never know.
  • #337,477
  • Mar 21, 2013 4:28pm Mar 21, 2013 4:28pm
I just see the likelihood of some major sellers lurking from 1.52 to 1.53 which will more than match anything the bulls have to offer. The UK has the lowest outlook of any major economy and I can only see the pound going lower. We might need a spike up to a maximum of 1.53 but the higher it gets the faster it will then fall.
Money never sleeps...
  • #337,478
  • Mar 21, 2013 4:28pm Mar 21, 2013 4:28pm
Quoting inpatient
I just see the likelihood of some major sellers lurking from 1.52 to 1.53 which will more than match anything the bulls have to offer. The UK has the lowest outlook of any major economy and I can only see the pound going lower. We might need a spike up to a maximum of 1.53 but the higher it gets the faster it will then fall.
Now that you mention it, according to this a few of the slightly bigger players (a bigger list would be nice) have sell orders just above 1.52 and long positions to close around there.

http://www.fxstreet.com/technical/trading-positions/
  • #337,479
  • Mar 21, 2013 4:55pm Mar 21, 2013 4:55pm
Quoting blobsaudio
Now that you mention it, according to this a few of the slightly bigger players (a bigger list would be nice) have sell orders just above 1.52 and long positions to close around there.

http://www.fxstreet.com/technical/trading-positions/

some not on the list include Barclays, HSBC.

even the bears could do with this getting at least to 1.525 to see longs closed and shorts triggered.

longs will be capped at 1.53 and from there the only way is down.

if we break lower from here I think we struggle to break 1.50
Money never sleeps...
  • #337,480
  • Mar 21, 2013 5:02pm Mar 21, 2013 5:02pm
Quoting Sombasan
Looking for Pound to head lower before higher, break 5088 if we can get passed that I'll be looking for a bounce at 5056

welcome to the board Sombasan.

I think you might have that the wrong way round but lets at least hope it does something soon
Money never sleeps...
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