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Cable Update (GBPUSD)

  • #337,581
  • Mar 23, 2013 10:08am Mar 23, 2013 10:08am
Quoting Bones
I agree A ,£ stronger than Eur ? tho ?
i think so.. my ultimate price for this upward move is at about 5780 while fiber just 3300, meaning that pound has a ~500 pips move while euro just ~300pips.

but i will be very cautious at about 5500 tho..
  • #337,582
  • Mar 23, 2013 3:44pm Mar 23, 2013 3:44pm
hello all
i just wanted to share my view we have head and shoulders target as in chart
all have a nice day
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 133 KB
focus while relaxed to see better
  • #337,583
  • Mar 23, 2013 4:30pm Mar 23, 2013 4:30pm
hello all

from my point of view on H4




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  • #337,584
  • Mar 23, 2013 9:23pm Mar 23, 2013 9:23pm
Quoting vaniza
hello all

from my point of view on H4




Attachment
A pullback to that region would be very welcome indeed.
Come with me if you want to live....
  • #337,585
  • Mar 23, 2013 9:26pm Mar 23, 2013 9:26pm
Quoting Ill-b-back
A pullback to that region would be very welcome indeed.
Yes sir, would love to see us get below 1.50 again soon
Money never sleeps...
  • #337,586
  • Mar 23, 2013 9:41pm Mar 23, 2013 9:41pm
Quoting inpatient
Yes sir, would love to see us get below 1.50 again soon
A pullback too much below 1.5 to me would prob signal resumption of downtrend.
Come with me if you want to live....
  • #337,587
  • Mar 23, 2013 11:42pm Mar 23, 2013 11:42pm
Quoting Ill-b-back
A pullback too much below 1.5 to me would prob signal resumption of downtrend.
except a touch of 4890
  • #337,588
  • Mar 24, 2013 12:35am Mar 24, 2013 12:35am
Quoting sidhujag
except a touch of 4890
If I get a 4hr bullish signal from down there, that would be f*#+ing sssswwweeeeeeet :$
Come with me if you want to live....
  • #337,589
  • Mar 24, 2013 5:23am Mar 24, 2013 5:23am
[quote=vaniza;6541119]hello all

from my point of view on H4


..
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.PNG Size: 64 KB
GBP/USD
  • #337,590
  • Mar 24, 2013 5:33am Mar 24, 2013 5:33am
better than expected retail sales figures helped this one push up
  • #337,591
  • Mar 24, 2013 5:43am Mar 24, 2013 5:43am
[quote=deepak925;6541489]
Quoting vaniza
hello all

from my point of view on H4


..
nice chart ..so going up or going down ?
  • #337,592
  • Mar 24, 2013 5:53am Mar 24, 2013 5:53am
The area that provided good resistance last week will likely provide good support this week. The bulls have finally pushed through the 1.5185 area and closed comfortably above it even with Fitch throwing a spanner in the works on Friday. 1.53 to 1.5350 is personally the next zone to watch for any move back south. If that breaks the next zone above that would be 1.5450, then 1.57.
  • #337,593
  • Mar 24, 2013 7:56am Mar 24, 2013 7:56am
Looks to be a reverse head and shoulders on H 4. I think we go up to at least 1.54. Watching 50 day exponential.
  • #337,594
  • Mar 24, 2013 9:20am Mar 24, 2013 9:20am
Quoting blobsaudio
The area that provided good resistance last week will likely provide good support this week. The bulls have finally pushed through the 1.5185 area and closed comfortably above it even with Fitch throwing a spanner in the works on Friday. 1.53 to 1.5350 is personally the next zone to watch for any move back south. If that breaks the next zone above that would be 1.5450, then 1.57.
Pushed through yes but I think its taken a lot from them and in the whole of last week we didn't manage much up.

Open interest commercially feel last week and suggests a change coming to me.
Money never sleeps...
  • #337,595
  • Mar 24, 2013 9:23am Mar 24, 2013 9:23am
[quote=deepak925;6541489]
Quoting vaniza
hello all

from my point of view on H4


..
I am hoping for fall but that inverted hammer was caused by the negative watch but didn't manage to engulf the whole of the previous bullish candle.

Still I feel we are running out of steam on the bull and the bear about to rise again.
Money never sleeps...
  • #337,596
  • Mar 24, 2013 9:33am Mar 24, 2013 9:33am
Much of the bullish uptrend is from a correction (inevitable) following the dramatic drop from the highs at the start of the year. I think it was accentuated by the troubles in Europe last week with people more open to buying pounds.

I think it will be pivotal to see what correlation the pound follows with the Euro this week too. I see from the figures that commercial interest has fallen from the week previous which indicates the correction has almost run its course.

Do we really see any fresh buyers for the pound given its current circumstance?

My main guru said that moves up for the pound will be capped under 1.53 and predicted that price would end the week around 1.52 (last week).

Prediction for the end of next week is 1.50 and the week after 1.48

This is what im also hoping for, no trades just looking to enter long from as low as possible.
Money never sleeps...
  • #337,597
  • Mar 24, 2013 10:14am Mar 24, 2013 10:14am
Quoting inpatient
Much of the bullish uptrend is from a correction (inevitable) following the dramatic drop from the highs at the start of the year. I think it was accentuated by the troubles in Europe last week with people more open to buying pounds.

I think it will be pivotal to see what correlation the pound follows with the Euro this week too. I see from the figures that commercial interest has fallen from the week previous which indicates the correction has almost run its course.

Do we really see any fresh buyers for the pound given its current circumstance?...
imho, we are not in any trend yet, the movement towards just below 5000 is expected months before it happens. i think we will stay in the 1.5-1.6 range for quite sometime and this move up is not a new trend to me, it is just a correction, perhaps to retest its breakout price (the weekly triangle).

in the weekly/monthly point of view, it's still too soon to say it's already bullish, so i think both bears and bulls can still make money in the weeks a head.

now, in the near term, i think cable will move higher with harmony of other pairs related to USD (fiber up, swissy and candy down - i'm not putting aussie and kiwi in this view due to confusing on my part in the risk on/off factors - the same with the yen pairs). i still taking this move up as a major counter trend trades - not something i can comfortably leave it open for months .

Green pips mate.
  • #337,598
  • Mar 24, 2013 10:24am Mar 24, 2013 10:24am
Quoting vaniza
hello all

from my point of view on H4




Attachment
not necessarily that way mate, the hanging man pattern is confirmed only when we get a closed below the low of the candle, until that happens, it can still move in the direction of its current trend.
  • #337,599
  • Mar 24, 2013 10:31am Mar 24, 2013 10:31am
Quoting A-speculator
not necessarily that way mate, the hanging man pattern is confirmed only when we get a closed below the low of the candle, until that happens, it can still move in the direction of its current trend.
without a doubt it can go both ways
  • #337,600
  • Mar 24, 2013 10:47am Mar 24, 2013 10:47am
Quoting vaniza
without a doubt it can go both ways
Its going to be interesting as always.

Might even go for a sneaky short if we touch 1.525

Just to make it more interesting
Money never sleeps...
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