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Cable Update (GBPUSD)

  • #337,701
  • Mar 26, 2013 9:34am Mar 26, 2013 9:34am
looks like it wants to get back to the range between 517 and 518
Money never sleeps...
  • #337,702
  • Mar 26, 2013 9:53am Mar 26, 2013 9:53am
Quoting inpatient
looks like it wants to get back to the range between 517 and 518
It does by the looks of things, was hoping for a bit more from my shorts this morning oh well. Some EU news release just disturbed its move back to its current favorite range.
  • #337,703
  • Mar 26, 2013 10:06am Mar 26, 2013 10:06am
GBPUSD
BUY
If the price breaks through the level 1.52603 bullish movement will start. Targets of the bullish movement: 1.53382, 1.54234.
SELL
If the price breaks through the level 151727 bearish movement will start. Targets of the bearish movement: 1.50802, 1.49974.
  • #337,704
  • Mar 26, 2013 10:10am Mar 26, 2013 10:10am
Quoting funtik
GBPUSD
BUY
If the price breaks through the level 1.52603 bullish movement will start. Targets of the bullish movement: 1.53382, 1.54234.
SELL
If the price breaks through the level 151727 bearish movement will start. Targets of the bearish movement: 1.50802, 1.49974.

So your bearish then.
Money never sleeps...
  • #337,705
  • Mar 26, 2013 10:58am Mar 26, 2013 10:58am
daily looks very bearish to me.. which may bring us to my claim a few days back that we are on the head of a H/S pattern. so if it does go down, that should at least take us back to the right shoulder area...

lets see it play..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,706
  • Mar 26, 2013 11:21am Mar 26, 2013 11:21am
Come on and touch 1.5080
  • #337,707
  • Mar 26, 2013 11:26am Mar 26, 2013 11:26am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD - H4 (26.03.2013).JPG Size: 146 KB
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #337,708
  • Mar 26, 2013 11:39am Mar 26, 2013 11:39am
London close might see us back to 5165
Money never sleeps...
  • #337,709
  • Mar 26, 2013 12:01pm Mar 26, 2013 12:01pm
Looking at a daily/Weekly chart, I'm looking for the Cable to break 5066 then move to 4950 if possible final target at 4870. I will start to include my charts as well when I give imput. I'm new to this forum, but I have been trading for 7 years recently switch back to FX in 2010. I like the incite and community Forex factory provides, trading can be a lonely business
the market can remain irrational longer than you can remain solvent
  • #337,710
  • Mar 26, 2013 1:01pm Mar 26, 2013 1:01pm
Quoting Sombasan
Looking at a daily/Weekly chart, I'm looking for the Cable to break 5066 then move to 4950 if possible final target at 4870. I will start to include my charts as well when I give imput. I'm new to this forum, but I have been trading for 7 years recently switch back to FX in 2010. I like the incite and community Forex factory provides, trading can be a lonely business

It sure can, were all here to help each other. The forum has been fairly friendly now for a while. Welcome to the forum, more charts and perspective is always a good thing.

Pound seems to be supported around 1.514 for now.

Would be interested in a break of 1.513 but until then i think we will range between here and 1.5165
Money never sleeps...
  • #337,711
  • Mar 26, 2013 1:21pm Mar 26, 2013 1:21pm
Quoting inpatient
It sure can, were all here to help each other. The forum has been fairly friendly now for a while. Welcome to the forum, more charts and perspective is always a good thing.

Pound seems to be supported around 1.514 for now.

Would be interested in a break of 1.513 but until then i think we will range between here and 1.5165
yeah! this 5140 is very stiff.... and it seems all the limits are exactly placed at 51412!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #337,712
  • Mar 26, 2013 1:26pm Mar 26, 2013 1:26pm
Quoting baherhosni
yeah! this 5140 is very stiff.... and it seems all the limits are exactly placed at 51412!!

with the volume dropping maybe we will stay in the range suggested
Money never sleeps...
  • #337,713
  • Mar 26, 2013 2:05pm Mar 26, 2013 2:05pm
Dont try this at home
Attached File(s)
File Type: docx last3hrs.docx   14 KB | 341 downloads
Money never sleeps...
  • #337,714
  • Mar 26, 2013 2:20pm Mar 26, 2013 2:20pm
this range could hold for a while and see a good opportunity to scalp between 1.516 and 1.515
Money never sleeps...
  • #337,715
  • Mar 26, 2013 2:26pm Mar 26, 2013 2:26pm
Quoting inpatient
London close might see us back to 5165

looks like were going to just fall short, LH suggests we are still v slightly bearish
Money never sleeps...
  • #337,716
  • Mar 26, 2013 3:12pm Mar 26, 2013 3:12pm
quiet in here.

Gonna take my wife to lunch, will be back in a few hours

Hoping to see this fall to at least 1.51
Money never sleeps...
  • #337,717
  • Mar 26, 2013 3:14pm Mar 26, 2013 3:14pm
Right I think if we get that low (1.51) we will see 1.5085 area and that will be the range to get tested for a further push down
the market can remain irrational longer than you can remain solvent
  • #337,718
  • Mar 26, 2013 4:23pm Mar 26, 2013 4:23pm
Quoting inpatient
quiet in here.

Gonna take my wife to lunch, will be back in a few hours

Hoping to see this fall to at least 1.51
hard to see it break 5150 with current candle pattern and since 5150 is the neckline of the inverted H&S. personally, i closed my shorts and open a test long..
  • #337,719
  • Mar 26, 2013 5:42pm Mar 26, 2013 5:42pm
Quoting A-speculator
hard to see it break 5150 with current candle pattern and since 5150 is the neckline of the inverted H&S. personally, i closed my shorts and open a test long..

yeah you could be right, 'hoping' i think is the best i can do right now.

Been waiting for an entry long (large lot) but i cant afford to place it anywhere above 1.50. Ideally 1.47's which will allow me to add more muscle to the size.

Over the medium, longer term i am still bearish so i will wait and wait.......
Money never sleeps...
  • #337,720
  • Mar 26, 2013 5:45pm Mar 26, 2013 5:45pm
Quoting inpatient
yeah you could be right, 'hoping' i think is the best i can do right now.

Been waiting for an entry long (large lot) but i cant afford to place it anywhere above 1.50. Ideally 1.47's which will allow me to add more muscle to the size.

Over the medium, longer term i am still bearish so i will wait and wait.......
don't go large lot mate, imho we are not going anywhere yet.. so just play the range
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