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Cable Update (GBPUSD)

  • #337,861
  • Mar 28, 2013 5:08am Mar 28, 2013 5:08am
Quoting walkman
still sell is posible until it makes HH on H1
Wat Bars do you use daily ?
  • #337,862
  • Mar 28, 2013 5:13am Mar 28, 2013 5:13am
I think you are so optimistic on cable. Remember that Mervin King on 1.50 line said that our currency was found its real value.

Quoting Likerty
Waiting for reaction to 5195, later on: 5212, 5274, 5340, 5474/80

5447/80 looks nice for intraday shorting especially if it overshoots to 5520'ties in one go.. Still long way to go of course..
  • #337,863
  • Mar 28, 2013 5:14am Mar 28, 2013 5:14am
Quoting Cornelis
Wat Bars do you use daily ?
H1
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  • #337,864
  • Mar 28, 2013 5:16am Mar 28, 2013 5:16am
Quoting Maso
I think you are so optimistic on cable. Remember that Mervin King on 1.50 line said that our currency was found its real value.
I'm not optimistic neither talking about value - its just technicals..
69
  • #337,865
  • Mar 28, 2013 5:26am Mar 28, 2013 5:26am
There has been a series of lower highs and the price being
seeming rejected off the lower ichimoku cloud edge on H1.
Really waiting here
Danny
  • #337,866
  • Mar 28, 2013 5:28am Mar 28, 2013 5:28am
Quoting Maso
I think you are so optimistic on cable. Remember that Mervin King on 1.50 line said that our currency was found its real value.
The jaw boning was to give support.
  • #337,867
  • Mar 28, 2013 5:58am Mar 28, 2013 5:58am
Can you please explain this movement by your technical analysis? lol
For more than two weeks I am saying do not load long positions...

Attached Image (click to enlarge)
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Quoting Likerty
I'm not optimistic neither talking about value - its just technicals..
  • #337,868
  • Mar 28, 2013 6:02am Mar 28, 2013 6:02am
Quoting Maso
Can you please explain this movement by your technical analysis? lol
For more than two weeks I am saying do not load long positions...

Attachment
This is why some possibly went long and also why I closed my shorts off last week.

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  • #337,869
  • Mar 28, 2013 6:05am Mar 28, 2013 6:05am
Thanks mate, but it does not follow that.

Quoting blobsaudio
This is why some possibly went long and also why I closed my shorts off last week.

Attachment
  • #337,870
  • Mar 28, 2013 6:13am Mar 28, 2013 6:13am
Quoting blobsaudio
This is why some possibly went long and also why I closed my shorts off last week.

Attachment
you are looking at daily mate, and i think best bet if it wanna move up, it gonna consolidate first.. and cable hasn't consolidate yet..

you are looking at swing position and i think not yet for long if you consider that TF.

just my 2 cents
  • #337,871
  • Mar 28, 2013 6:17am Mar 28, 2013 6:17am


Quoting A-speculator
you are looking at daily mate, and i think best bet if it wanna move up, it gonna consolidate first.. and cable hasn't consolidate yet..

you are looking at swing position and i think not yet for long if you consider that TF.

just my 2 cents
  • #337,872
  • Mar 28, 2013 6:18am Mar 28, 2013 6:18am
Quoting A-speculator
you are looking at daily mate, and i think best bet if it wanna move up, it gonna consolidate first.. and cable hasn't consolidate yet..

you are looking at swing position and i think not yet for long if you consider that TF.

just my 2 cents
That is weekly, never really go up to that TF, but decided to try it anyway.
  • #337,873
  • Mar 28, 2013 6:18am Mar 28, 2013 6:18am
Quoting A-speculator
you are looking at daily mate, and i think best bet if it wanna move up, it gonna consolidate first.. and cable hasn't consolidate yet..

you are looking at swing position and i think not yet for long if you consider that TF.

just my 2 cents
Looks like a weekly chart to me
Come with me if you want to live....
  • #337,874
  • Mar 28, 2013 6:19am Mar 28, 2013 6:19am
Quoting Ill-b-back
Looks like a weekly chart to me
my bad, it's a weekly.. thanks mate.
  • #337,875
  • Mar 28, 2013 6:21am Mar 28, 2013 6:21am
Quoting Maso
Can you please explain this movement by your technical analysis? lol
For more than two weeks I am saying do not load long positions...

Attachment
Yes, aggressive dive, sure.. But key intraday levels remains at 5090'ties and now - 5160'tes and which one goes first, will send another 50 pips or more further.
If you saying no longs for last two weeks while it moved 300 pips in oposite direction, then you are the reall master of the game

If intraday high goes then 5208 is min bull target and 5240'ties in view for later.
69
  • #337,876
  • Mar 28, 2013 6:22am Mar 28, 2013 6:22am
in 1h cable has shown breakout of the bear flag.. 1'm considering a position at 5140 as planned.. with tight stop of course, as usual, hate drawdown.
  • #337,877
  • Mar 28, 2013 6:22am Mar 28, 2013 6:22am
1.5175 area is becoming quite a resistance level with the large bearish candle
confirming it a key level. Holding a short position that I had already ruled out
as a loser. Now its better.
  • #337,878
  • Mar 28, 2013 6:22am Mar 28, 2013 6:22am
Quoting A-speculator
my bad, it's a weekly.. thanks mate.
It's ok, I'm short from 5170 today and a few more below from yesterday after being given the go ahead yesterday to sell.
Come with me if you want to live....
  • #337,879
  • Mar 28, 2013 6:27am Mar 28, 2013 6:27am
Quoting Danny Maina
1.5175 area is becoming quite a resistance level with the large bearish candle
confirming it a key level. Holding a short position that I had already ruled out
as a loser. Now its better.
1.5185 is where I place it on the daily (resistance and support zones are a lot like beer bellies as one book put it), it was a support and resistance area back in the early 00 and for the past few weeks.
  • #337,880
  • Mar 28, 2013 6:32am Mar 28, 2013 6:32am
Yes, you know that the 300 pips move happened three weeks ago. I would not be surprised if I see below 1.5 today.

Quoting Likerty
Yes, aggressive dive, sure.. But key intraday levels remains at 5090'ties and now - 5160'tes and which one goes first, will send another 50 pips or more further.
If you saying no longs for last two weeks while it moved 300 pips in oposite direction, then you are the reall master of the game

If intraday high goes then 5208 is min bull target and 5240'ties in view for later.
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