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Cable Update (GBPUSD)

  • #337,921
  • Mar 28, 2013 8:40pm Mar 28, 2013 8:40pm
1.53 next. but strong resistance in 1.53,1.54
  • #337,922
  • Mar 28, 2013 8:50pm Mar 28, 2013 8:50pm
Quoting inpatient
Well well,

Chart looks bullish

Feel like im never going to get these buy orders placed, even thinking of going from here (1.52) but must reduce my sizes to allow for an extra 500 pip potential of drawdown.

I will sleep on it tonight but my thoughts are that we will test the 1.54 to 1.55 mark before potentially coming back down if the UK decide to add more easing.

And yes im going to have to eat my wife and kids...

Hope Maso isnt over exposed short, i know he is strong bear.
Money never sleeps...
  • #337,923
  • Edited 9:28pm Mar 28, 2013 9:18pm | Edited 9:28pm
Quoting inpatient
Well well,

Chart looks bullish

Feel like im never going to get these buy orders placed, even thinking of going from here (1.52) but must reduce my sizes to allow for an extra 500 pip potential of drawdown.

I will sleep on it tonight but my thoughts are that we will test the 1.54 to 1.55 mark before potentially coming back down if the UK decide to add more easing.
The thing is that price have turning points and time to bear and bull, while price took off the sell off every time it was at 1.5170/80, it was bear. Then when price turns on 1.5090, there's still support, and 1.5110, a higher lo, a uptrend, then closing is still the most important, having a daily close above 1.5180, eventually said the bull gain control over the range selling of the past 2 days, so it can't go lower now, it must go higher first for people to willing to take profits on long, and to take on more selling to go down again, but a higher hi above 1.5258 will kills off the bear out look, as 1.53 and 1.5350 maybe next.

every position is a risk and probability, so we have to monitor by cutting them early or trailing ourselves out and getting out.

1.5408 remains very strong resistance due to the selling off point on 20 feb.

those with biasness may tend to fail when market breakout against one, so stop loss is there to get us out of blind if need be. Selling on 1.5200-1.5258 can still be valid until its further overlapped by daily bulls or hour 4 price actions.

if price can maintain above 1.52 for closing for next few hours, there's a minor resistance turns support here. yesterday's high was 1.5197 area, below yesterday's high. price can retrace to 1.5180/60 or even lower.
  • #337,924
  • Mar 28, 2013 9:26pm Mar 28, 2013 9:26pm
anyone see the tick chart, price quickly hovering within 1 pip creating volume... seen it alot of times what the hell does this?
  • #337,925
  • Mar 28, 2013 9:32pm Mar 28, 2013 9:32pm
Quoting 5percent
The thing is that price have turning points and time to bear and bull, while price took off the sell off every time it was at 1.5170/80, it was bear. Then when price turns on 1.5090, there's still support, and 1.5110, a higher lo, a uptrend, then closing is still the most important, having a daily close above 1.5180, eventually said the bull gain control over the range selling of the past 2 days, so it can't go lower now, it must go higher first for people to willing to take profits on long, and to take on more selling to go down again, but a higher...
A very good post,
Money never sleeps...
  • #337,926
  • Mar 28, 2013 9:36pm Mar 28, 2013 9:36pm
Quoting 5percent
The thing is that price have turning points and time to bear and bull, while price took off the sell off every time it was at 1.5170/80, it was bear. Then when price turns on 1.5090, there's still support, and 1.5110, a higher lo, a uptrend, then closing is still the most important, having a daily close above 1.5180, eventually said the bull gain control over the range selling of the past 2 days, so it can't go lower now, it must go higher first for people to willing to take profits on long, and to take on more selling to go down again, but a higher...
hi, i have quite a similar view... I think a break of 5285 would take us much higher.

Quoting ec_creep
if you want to know mine... if not already shorted from 5250, or at least 5220, then look for 5175 and 5090 first...
  • #337,927
  • Mar 28, 2013 10:00pm Mar 28, 2013 10:00pm
Quoting sidhujag
anyone see the tick chart, price quickly hovering within 1 pip creating volume... seen it alot of times what the hell does this?

yeah i noticed this, it has to mean that a high number of people are entering opposite trades at the same time.?
Money never sleeps...
  • #337,928
  • Mar 28, 2013 11:21pm Mar 28, 2013 11:21pm
Daily Possibilities
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If there was easy money lying around,no one would be forcing it into your
  • #337,929
  • Mar 29, 2013 1:46am Mar 29, 2013 1:46am
Quoting inpatient
Well well,

Chart looks bullish

Feel like im never going to get these buy orders placed, even thinking of going from here (1.52) but must reduce my sizes to allow for an extra 500 pip potential of drawdown.

I will sleep on it tonight but my thoughts are that we will test the 1.54 to 1.55 mark before potentially coming back down if the UK decide to add more easing.
Oh hoo.. 500 pips of DD? I rather wait than to trade if i see such number.

Anyway, I will try to long at 5180.. Expected price to go not more than 5150 to maintain the uptrend.
  • #337,930
  • Mar 29, 2013 2:08am Mar 29, 2013 2:08am
Looking for a break of yesterdays support of 1.5176
When the facts change I change my mind, what do you do sir
  • #337,931
  • Edited 3:55am Mar 29, 2013 3:36am | Edited 3:55am
http://www.forexfactory.com/showthre...68#post6543868

The analysis remain valid so far & so not coming frequently in the forum .
Yes gu , gold , au can print a new high still , gu limit 5317 & even a little break ok but down /pullback take also remain intact as before ,my watch a target 5026 breaks & down 4950 or so or even a new lows , all ok . Hope not that new high though in those pairs , a mofu up only rather a solid bounce , HS to take action !!

In gu 5242, 67 ok if not the mofu actually , ab then down c 5141,5058 , 5026 etc. 5220 can be a good fit a top for action down if.

eu reached a good level at 2763 and can take a bounce towards 2950 , ok or take another lows 2650 before it .

Gold having very difficulty in breaking 1600 . but still ok if does , towards 1608 or up , just hope not.

They all have little chance to move up for a time being /immediate period as seeing & as per my usdcad analysis before 1.0100 is the limit down ( or any up above it , now 1.0145 good and nearer though & so be a stop too.) there before continue up towards 1.0850. Have no usd chart in hand & can assume it true there for real usd bull next action. so looking the bull & other pairs interested as per & trades carryout this friday too .

So More down or a pullback before the real bounce as a last try up before the crush & continue down as a long term views .
Lets see .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #337,932
  • Mar 29, 2013 3:49am Mar 29, 2013 3:49am
I'm a little suspect of yesterdays bullish move.

But then, maybe I'm a little bias

lol...

10c/pip folks, let it roll
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Come with me if you want to live....
  • #337,933
  • Mar 29, 2013 4:11am Mar 29, 2013 4:11am
Quoting Ill-b-back
I'm a little suspect of yesterdays bullish move.

But then, maybe I'm a little bias

lol...

10c/pip folks, let it roll


don't think we're going down mate..
  • #337,934
  • Mar 29, 2013 4:19am Mar 29, 2013 4:19am
Quoting A-speculator


don't think we're going down mate..
Come on Specs where's your faith?

It has to go down, I'm watching the new 007 "Sky Fall"

Back to the movie, all the best brother
Come with me if you want to live....
  • #337,935
  • Mar 29, 2013 4:21am Mar 29, 2013 4:21am
Quoting Ill-b-back
Come on Specs where's your faith?

It has to go down, I'm watching the new 007 "Sky Fall"

Back to the movie, all the best brother
looking for a break of 1.5220 for a test at top 1.5258* areas again.

A daily close above 1.5180 was bullish sign for me at least. We have a r t s at 1.5180 earlier.

Lets see if 1.5250 is hit first or 1.5150 first.
  • #337,936
  • Mar 29, 2013 4:22am Mar 29, 2013 4:22am
Not many big players want to risk their book in the last trading day of the month as well as of the 1st quarter.

We are seeing another tight range of +/- 50 pips.

15135 - 15145 would be good price to enter the long - that's my plan, TP1 50 pips, TP2 let her free to go max of 16000 in a week or two
  • #337,937
  • Mar 29, 2013 5:04am Mar 29, 2013 5:04am
Quoting Ill-b-back
I'm a little suspect of yesterdays bullish move.

But then, maybe I'm a little bias

lol...

10c/pip folks, let it roll

Hello buddy
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  • #337,938
  • Edited 5:20am Mar 29, 2013 5:07am | Edited 5:20am
Could you let me know what is the source of your data? I mean is it covered all investors around the world or just in the US? If it is the source of only US, We may need more to present a good analysis.

Quoting FiatFap
Large divergence between commercials and large traders, next weeks COT report will be interesting...

GBP weekly

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  • #337,939
  • Mar 29, 2013 5:13am Mar 29, 2013 5:13am
Ok peeps

I see a little cloudy judgement here
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #337,940
  • Mar 29, 2013 5:23am Mar 29, 2013 5:23am
Yes, I really get confused but still even you said that it will go down to below 1.48, did you?

Quoting inpatient
And yes im going to have to eat my wife and kids...

Hope Maso isnt over exposed short, i know he is strong bear.
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