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Cable Update (GBPUSD)

  • #338,061
  • Apr 2, 2013 4:25am Apr 2, 2013 4:25am
Quoting A-speculator
use 4h mate.. don't trade the noise but try to filter the noise
I use a larger tick. I normally use 4H/1D. Ticks give the actual order data opposed to a grouped TF. Trying it out and see what happens.
When the facts change I change my mind, what do you do sir
  • #338,062
  • Apr 2, 2013 4:27am Apr 2, 2013 4:27am
Quoting Pip Anon
I use a larger tick. I normally use 4H/1D. Ticks give the actual order data opposed to a grouped TF. Trying it out and see what happens.
if that's so, i think you will be fine mate..

don't be afraid to take losses if you're wrong, always use SL.

with that's said, all the best, may green pips always be with you.
  • #338,063
  • Apr 2, 2013 4:31am Apr 2, 2013 4:31am
Quoting Maso
The pair dropped sharply from 1.5230. Then, it will go down more.
Possible, tho, i have Weekly central pivot at 1.5181, at 1.5181 i have 200sma on (1h), 55ema on 4h at 1.5173, all these resistance makes me nervous, off course we have double top on 4h and bad fundamentals, plus official bank rate on 4th of April, could see a whipsaw till that day.
  • #338,064
  • Apr 2, 2013 4:32am Apr 2, 2013 4:32am
Quoting xau
Possible, tho, i have Weekly central pivot at 1.5181, at 1.5181 i have 200sma on (1h), 55ema on 4h at 1.5173, all these resistance makes me nervous, off course we have double top on 4h and bad fundamentals, plus official bank rate on 4th of April, could see a whipsaw till that day.
i meant suport
  • #338,065
  • Apr 2, 2013 4:32am Apr 2, 2013 4:32am
Quoting A-speculator
if that's so, i think you will be fine mate.. don't be afraid to take losses if you're wrong, always use SL. with that's said, all the best, may green pips always be with you.
You as well

Cheers
When the facts change I change my mind, what do you do sir
  • #338,066
  • Apr 2, 2013 4:38am Apr 2, 2013 4:38am
i'm sure this week that would be big bearish for GU. those my view, please comment
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  • #338,067
  • Apr 2, 2013 4:39am Apr 2, 2013 4:39am
SHORT if Breaks 1.5180 target 1.5100 to form double bottom.
  • #338,068
  • Apr 2, 2013 4:44am Apr 2, 2013 4:44am
Quoting willi1904
SHORT if Breaks 1.5180 target 1.5100 to form double bottom.
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  • #338,069
  • Apr 2, 2013 4:52am Apr 2, 2013 4:52am
Quoting FuzaGame
i'm sure this week that would be big bearish for GU. those my view, please comment {image}
Dont know, im used to draw TL like this (red line), so it would be whole different scenario, but GU is driven more by fundies, so bearish scenario is more likely, but i dont know realy...
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  • #338,070
  • Apr 2, 2013 5:00am Apr 2, 2013 5:00am
We will see below 1.5160 though is nothing when we have 1.5000...

Quoting blobsaudio
{image}
  • #338,071
  • Apr 2, 2013 5:05am Apr 2, 2013 5:05am
Its to early for call the correction its over,we would never know until the daily close and confirmation with break

The Pound Daily
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If there was easy money lying around,no one would be forcing it into your
  • #338,072
  • Apr 2, 2013 5:16am Apr 2, 2013 5:16am
So a start at an early perhaps now , that is probable crush , breaks down 5217 , 5186 confirmation & next waiting another confirmation 5176 for next probable bounce 5146, breaks there to next confirmation 5093 again to 5026 & others low as of previous formula.
carry on market in correction , medium term ,that there should be another leg up , may not that strong as not taken the supports timely , rather moved in vain . another bailout may need that leg so soon ?? or final crush to be seen perhaps at next top .

immediate move towards as far limit for down 5214 to 5150/46 bounce or below 5206 to break that support 5150 also.
lets see
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,073
  • Apr 2, 2013 6:18am Apr 2, 2013 6:18am
Quoting Maso
We will see below 1.5160 though is nothing when we have 1.5000...
This is HL in my H4 view
  • #338,074
  • Apr 2, 2013 6:19am Apr 2, 2013 6:19am
Hard to say at the moment, looking at DXY its not so clear: do we have strong or weak dollar, looking at daily looks like lower low, tho, cable could be weaker than dollar, compared to other pairs US dollar is mixed as well, XAU<USD, USD>JPY, USD<CAD, AUD>USD, USD>CHF... hard to say, better to wait NEwYorkers...
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  • #338,075
  • Apr 2, 2013 6:36am Apr 2, 2013 6:36am
That's it Next target=1.5100 for now. Then, 1.50 on Thursday.

Quoting Maso
We will see below 1.5160 though is nothing when we have 1.5000...
  • #338,076
  • Apr 2, 2013 6:48am Apr 2, 2013 6:48am
If you have a look at majors, you can see that the only pair which is falling is STERLING AUD=UP , NZD=UP , STERLING= Niagara Fall
  • #338,077
  • Apr 2, 2013 6:51am Apr 2, 2013 6:51am
Quoting Maso
If you have a look at majors, you can see that the only pair which is falling is STERLING AUD=UP , NZD=UP , STERLING= Niagara Fall
It wanted to go on that BS run yesterday.
When the facts change I change my mind, what do you do sir
  • #338,078
  • Apr 2, 2013 7:03am Apr 2, 2013 7:03am
Quoting Pip Anon
It wanted to go on that BS run yesterday.
But it has broken that base line and is going more dept, I would say towards 1.50000 area:

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  • #338,079
  • Apr 2, 2013 7:20am Apr 2, 2013 7:20am
1.5253 very strong resistance
  • #338,080
  • Apr 2, 2013 7:22am Apr 2, 2013 7:22am
Yes, because it is a door to 1.53 level which we will not see that level at least for a couple of weeks.

Quoting nahman
1.5253 very strong resistance
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