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Cable Update (GBPUSD)

  • #337,821
  • Mar 27, 2013 2:35pm Mar 27, 2013 2:35pm
Quoting brinks
Hardly a convincing move down today.

This is true but im having trouble finding any reason to go back now we have finished with what was touted as a correction to 1.526

I think we fell short of going high enough to really generate some heavy sellers up nearer 1.53 and we may see a higher low than i expected.

1.50 to end the week still makes sense to most, the retail crowd are net long (of course)
Money never sleeps...
  • #337,822
  • Mar 27, 2013 3:14pm Mar 27, 2013 3:14pm
Quoting inpatient
This is true but im having trouble finding any reason to go back now we have finished with what was touted as a correction to 1.526

I think we fell short of going high enough to really generate some heavy sellers up nearer 1.53 and we may see a higher low than i expected.

1.50 to end the week still makes sense to most, the retail crowd are net long (of course)
We have probably just extended the range a bit.
  • #337,823
  • Mar 27, 2013 3:17pm Mar 27, 2013 3:17pm
Well, trend come Bullish after 1.5170. if candle open up to 1.5170 come again Bullish or if can't cross 1.5170 when come Bearish to 1.5050

H4
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H1
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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #337,824
  • Mar 27, 2013 3:40pm Mar 27, 2013 3:40pm
If this doesnt crack 1.5132 in this asian window then i am increasingly bearish for tomorrow, any break south from here would be suggestive of 1.506 and even 1.501 manana.
Money never sleeps...
  • #337,825
  • Mar 27, 2013 3:43pm Mar 27, 2013 3:43pm
Quoting airafx
Long from here, in daily chart with bollinger band (20) this down is only corrective wave
GL

Bro if price doesnt break beneath 1.50 at some point over the next week i will eat my entire computer, desk, wife and kids in shock.
Money never sleeps...
  • #337,826
  • Mar 27, 2013 3:45pm Mar 27, 2013 3:45pm
Quoting inpatient
Bro if price doesnt break beneath 1.50 at some point over the next week i will eat my entire computer, desk, wife and kids in shock.

That's a big call putting your wife and kids on the block hahahahaha
  • #337,827
  • Edited 3:57pm Mar 27, 2013 3:46pm | Edited 3:57pm
Quoting inpatient
This is true but im having trouble finding any reason to go back now we have finished with what was touted as a correction to 1.526

I think we fell short of going high enough to really generate some heavy sellers up nearer 1.53 and we may see a higher low than i expected.

1.50 to end the week still makes sense to most, the retail crowd are net long (of course)
Please excuse my rough figures and rubbish annotations. However a nice little chart for you to have a look at.

Attached Image (click to enlarge)
Click to Enlarge Name: hmm.jpg Size: 281 KB


Due to the candles on the weekly I really do feel a test of 1.53 is going to happen before any move down, especially after breaking 1.5185 last week. I expected it to happen at the start of this week to be honest. There again, I also expected and wanted 1.5185 to hold last week

1.526 was a bit in the middle of nowhere.
  • #337,828
  • Mar 27, 2013 6:20pm Mar 27, 2013 6:20pm
OK...I am waiting :]

Quoting inpatient
Bro if price doesnt break beneath 1.50 at some point over the next week i will eat my entire computer, desk, wife and kids in shock.
  • #337,829
  • Mar 27, 2013 6:42pm Mar 27, 2013 6:42pm
Quoting blobsaudio
Please excuse my rough figures and rubbish annotations. However a nice little chart for you to have a look at.

Attachment

Due to the candles on the weekly I really do feel a test of 1.53 is going to happen before any move down, especially after breaking 1.5185 last week. I expected it to happen at the start of this week to be honest. There again, I also expected and wanted 1.5185 to hold last week

1.526 was a bit in the middle of nowhere.
Monthly candle, in my view (bullish hammer)
Attached Image (click to enlarge)
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  • #337,830
  • Mar 27, 2013 7:08pm Mar 27, 2013 7:08pm
Quoting airafx
Monthly candle, in my view (bullish hammer)

look at the candles on that chart from the exact same period in 2010
Money never sleeps...
  • #337,831
  • Mar 27, 2013 7:22pm Mar 27, 2013 7:22pm
Quoting inpatient
Bro if price doesnt break beneath 1.50 at some point over the next week i will eat my entire computer, desk, wife and kids in shock.
Lol, that's quite an appetite you have there brother.
Your doing well on cable mate, I jumped the fence and went short yesterday from 5170 and 5155 area.

Would love to see 1.5 soonish also.
Come with me if you want to live....
  • #337,832
  • Mar 27, 2013 7:24pm Mar 27, 2013 7:24pm
Quoting inpatient
look at the candles on that chart from the exact same period in 2010
Shorted from 5240 area earlier in week from the 200 ema, but closed out at 52 for some piker pips
Come with me if you want to live....
  • #337,833
  • Mar 27, 2013 7:36pm Mar 27, 2013 7:36pm
I just took the cable long 2 hours ago. Seems momentum is turning. 100 pipTP 50 pip SL
  • #337,834
  • Mar 27, 2013 8:07pm Mar 27, 2013 8:07pm
Quoting inpatient
Bro if price doesnt break beneath 1.50 at some point over the next week i will eat my entire computer, desk, wife and kids in shock.

quote this as a record XD
  • #337,835
  • Mar 27, 2013 8:10pm Mar 27, 2013 8:10pm
Quoting Gbpnewbird
quote this as a record XD

well I already plan on starting with my wife tonight, same as every night ha
Money never sleeps...
  • #337,836
  • Mar 27, 2013 8:30pm Mar 27, 2013 8:30pm
Quoting inpatient
well I already plan on starting with my wife tonight, same as every night ha

what do you know? we seem to have some sellers (just when I was about to start preparing the oven)
Money never sleeps...
  • #337,837
  • Mar 27, 2013 8:32pm Mar 27, 2013 8:32pm
This London open is going to be very interesting, shame I will be asleep
Money never sleeps...
  • #337,838
  • Mar 27, 2013 8:42pm Mar 27, 2013 8:42pm
damn choppy cable, don't know what it wants to do right now.
Money never sleeps...
  • #337,839
  • Mar 28, 2013 2:40am Mar 28, 2013 2:40am
Wait after line break

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"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." — Warren
  • #337,840
  • Mar 28, 2013 3:58am Mar 28, 2013 3:58am
is it london already? hope to see 5015 today..
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