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Cable Update (GBPUSD)

  • #338,101
  • Apr 2, 2013 7:21am Apr 2, 2013 7:21am
Quoting Maso
While the US economic report was good, do you really expect this movement?
Not bothered if it happens either way, it it happens I enter some longs as it will create a double bottom, if not I do nothing.
  • #338,102
  • Apr 2, 2013 7:21am Apr 2, 2013 7:21am
i think 1.511 is the line in the sand

1.281 for Euro too and they are both bang on.

I think much of this is the potential pricing in of the UK adding to easing, if they dont then all of this willl reverse IMO
Money never sleeps...
  • #338,103
  • Apr 2, 2013 7:24am Apr 2, 2013 7:24am
Quoting inpatient
i think 1.511 is the line in the sand 1.281 for Euro too and they are both bang on. I think much of this is the potential pricing in of the UK adding to easing, if they dont then all of this willl reverse IMO
you read my mind
Come with me if you want to live....
  • #338,104
  • Apr 2, 2013 7:34am Apr 2, 2013 7:34am
Quoting Pip Anon
All done for today. Have a good one guys {image}

Great work and charting,
Money never sleeps...
  • #338,105
  • Apr 2, 2013 7:41am Apr 2, 2013 7:41am
Still bearish... Cable will not go up before reaching 1.50000

Quoting Ill-b-back
you read my mind
  • #338,106
  • Apr 2, 2013 7:52am Apr 2, 2013 7:52am
Quoting Maso
Still bearish... Cable will not go up before reaching 1.50000
next

Let's see the next price movement today
  • #338,107
  • Apr 2, 2013 7:52am Apr 2, 2013 7:52am
Looks like the cables is on hard selling after poor manufacturing data. Will be looking out if it breakout from the 1.5100 level (i.e. the support line of dbl top level)
So far still look bearish to me.
Knowledge is powerful tool that we can ever have.
  • #338,108
  • Apr 2, 2013 8:01am Apr 2, 2013 8:01am
Quoting Maso
Still bearish... Cable will not go up before reaching 1.50000

if yes, I hope inpatient haven't start eating his wife and kids.....
  • #338,109
  • Apr 2, 2013 8:01am Apr 2, 2013 8:01am
the pound seem to be on a down trend long term continuation after a double top
formation on D1 and H4. Soon we may be seeing a return to 1.4900 if the trading
volumes keep up.
Attached Image (click to enlarge)
Click to Enlarge Name: pound double bottom.JPG Size: 112 KB
  • #338,110
  • Apr 2, 2013 8:03am Apr 2, 2013 8:03am
Quoting inpatient
Great work and charting,
Thanks mate, have a good one!
When the facts change I change my mind, what do you do sir
  • #338,111
  • Apr 2, 2013 8:07am Apr 2, 2013 8:07am
Lovely clouds are coming to eat cable

Yes, that's right. The pair is bearish at least by the end of summer. The UK needs lots of currencies to be spent there in summer.

Quoting Danny Maina
the pound seem to be on a down trend long term continuation after a double top formation on D1 and H4. Soon we may be seeing a return to 1.4900 if the trading volumes keep up. {image}
  • #338,112
  • Apr 2, 2013 8:09am Apr 2, 2013 8:09am
Quoting Maso
Lovely clouds are coming to eat cable Yes, that's right. The pair is bearish at least by the end of summer. The UK needs lots of currencies to be spent there in summer.
well good or bad for The Kingdom but either way at break of neckline am short
on a long term trade.
  • #338,113
  • Apr 2, 2013 8:09am Apr 2, 2013 8:09am
Quoting Gbpnewbird
if yes, I hope inpatient ("http://www.forexfactory.com/inpatient") haven't start eating his wife and kids.....
I thought that was if it didn't reach it last week?
  • #338,114
  • Apr 2, 2013 8:09am Apr 2, 2013 8:09am
Quoting inpatient
Great work and charting,
I agree , we are still in the chanel up, and have the support around 1.51
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4h.png Size: 61 KB
Click to Enlarge Name: chanel.png Size: 63 KB
  • #338,115
  • Apr 2, 2013 8:29am Apr 2, 2013 8:29am
oh wow... i didn't expect this massive move..
  • #338,116
  • Apr 2, 2013 8:32am Apr 2, 2013 8:32am
now let's see if we can get a close below ~5140
Attached Image (click to enlarge)
Click to Enlarge Name: cable..png Size: 26 KB
  • #338,117
  • Apr 2, 2013 8:39am Apr 2, 2013 8:39am
Quoting blobsaudio
I thought that was if it didn't reach it last week?

I already ate them mate, it was tough on the kids and they cried the whole time.

I actually think were more likely to go up from here and stick in this range until NFP

Weak short term bull trend in longer term stronger bear market (with an even shorter term bear today about to end) ha
Money never sleeps...
  • #338,118
  • Apr 2, 2013 8:39am Apr 2, 2013 8:39am
I will close my short positions on Thursday at 1.49 level

Quoting A-speculator
now let's see if we can get a close below ~5140 {image}
  • #338,119
  • Apr 2, 2013 8:41am Apr 2, 2013 8:41am
Quoting Maso
I will close my short positions on Thursday at 1.49 level
i aspect 5140 to hold to maintain this bearish view.. perhaps might add some to my short.
  • #338,120
  • Apr 2, 2013 8:41am Apr 2, 2013 8:41am
Quoting Maso
Lovely clouds are coming to eat cable Yes, that's right. The pair is bearish at least by the end of summer. The UK needs lots of currencies to be spent there in summer.
This double top rejection at 23x fib could even send us to the main 76x fib around 4350

2.40am here, I'm off to bed..
Come with me if you want to live....
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