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Cable Update (GBPUSD)

  • #338,121
  • Apr 2, 2013 10:46am Apr 2, 2013 10:46am
Quoting Maso
I will close my short positions on Thursday at 1.49 level
If we see 1.49 on Thursday it will mean the NFP was good and the UK extended asset buying, if this happens you might want to keep shorts open for the longer term
Money never sleeps...
  • #338,122
  • Apr 2, 2013 10:46am Apr 2, 2013 10:46am
Quoting inpatient
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
I thought you meant Easter Eggs.
Gone to a better place
  • #338,123
  • Apr 2, 2013 10:53am Apr 2, 2013 10:53am
I know we spend a lot of time debating trends and lines of support/resistance etc but the more time I spend looking at charts the more I come to respect the RSI
Money never sleeps...
  • #338,124
  • Apr 2, 2013 10:53am Apr 2, 2013 10:53am
Thanks for your advice.
Today target=1.5060
Tomorrow target 1.5020~1.5080
Thursday target= towards 1.48 level

Quoting inpatient
If we see 1.49 on Thursday it will mean the NFP was good and the UK extended asset buying, if this happens you might want to keep shorts open for the longer term
  • #338,125
  • Apr 2, 2013 10:54am Apr 2, 2013 10:54am
Quoting smikester
I thought you meant Easter Eggs.

they wish I meant easter eggs, must admit I really enjoy eating my wife, ha
Money never sleeps...
  • #338,126
  • Apr 2, 2013 12:17pm Apr 2, 2013 12:17pm
RSi and Stoch at their most over sold level for a decent while and i have to ask myself if the news from the UK earlier was really as bad as this?

Im surprised some of the bulls Bones, Zircon, FX Mindset etc are not here predicting a decent uptrend to counter this recent drop since im seeing its potential myself.

Kills me to say it but Long from here until NFP.
Money never sleeps...
  • #338,127
  • Apr 2, 2013 12:27pm Apr 2, 2013 12:27pm
Quoting inpatient
RSi and Stoch at their most over sold level for a decent while and i have to ask myself if the news from the UK earlier was really as bad as this? Im surprised some of the bulls Bones, Zircon, FX Mindset etc are not here predicting a decent uptrend to counter this recent drop since im seeing its potential myself. Kills me to say it but Long from here until NFP.
Not a bad choice, will be sitting on me hands until the 4HR chart confirms it

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  • #338,128
  • Apr 2, 2013 12:29pm Apr 2, 2013 12:29pm
1.511 proving to be a great battle, it has 1.51 whole number backing it up though too....
Money never sleeps...
  • #338,129
  • Apr 2, 2013 12:31pm Apr 2, 2013 12:31pm
The BOE want this fall which will continue more. Also, forget 1.52 like 1.53

Quoting inpatient
RSi and Stoch at their most over sold level for a decent while and i have to ask myself if the news from the UK earlier was really as bad as this? Im surprised some of the bulls Bones, Zircon, FX Mindset etc are not here predicting a decent uptrend to counter this recent drop since im seeing its potential myself. Kills me to say it but Long from here until NFP.
  • #338,130
  • Apr 2, 2013 12:36pm Apr 2, 2013 12:36pm
Quoting inpatient
RSi and Stoch at their most over sold level for a decent while and i have to ask myself if the news from the UK earlier was really as bad as this? Im surprised some of the bulls Bones, Zircon, FX Mindset etc are not here predicting a decent uptrend to counter this recent drop since im seeing its potential myself. Kills me to say it but Long from here until NFP.
I have buys orders at 1.51 and 1.5090. But if it don't go there I will open manualy
  • #338,131
  • Apr 2, 2013 12:47pm Apr 2, 2013 12:47pm
Quoting -sonny-
I have buys orders at 1.51 and 1.5090. But if it don't go there I will open manualy

and it seems your not alone

1.51 will be tough nut to crack
Money never sleeps...
  • #338,132
  • Apr 2, 2013 12:48pm Apr 2, 2013 12:48pm
Quoting inpatient
RSi and Stoch at their most over sold level for a decent while and i have to ask myself if the news from the UK earlier was really as bad as this? Im surprised some of the bulls Bones, Zircon, FX Mindset etc are not here predicting a decent uptrend to counter this recent drop since im seeing its potential myself. Kills me to say it but Long from here until NFP.
i think still too early for that mate.. no exhaustion yet in 4h.
  • #338,133
  • Apr 2, 2013 12:50pm Apr 2, 2013 12:50pm
Quoting A-speculator
i think still too early for that mate.. no exhaustion yet in 4h.
current 4H candle will close in blue IMO
Money never sleeps...
  • #338,134
  • Apr 2, 2013 12:53pm Apr 2, 2013 12:53pm
Quoting inpatient
current 4H candle will close in blue IMO
yeah, it might retrace to 5140, but why the greed?
  • #338,135
  • Apr 2, 2013 12:55pm Apr 2, 2013 12:55pm
Quoting A-speculator
yeah, it might retrace to 5140, but why the greed?

mmm, this is true

good point
Money never sleeps...
  • #338,136
  • Apr 2, 2013 12:55pm Apr 2, 2013 12:55pm
Quoting A-speculator
yeah, it might retrace to 5140, but why the greed?
the keyword there is might...

pretty risky position if you ask me
  • #338,137
  • Apr 2, 2013 12:59pm Apr 2, 2013 12:59pm
Quoting Maso
The BOE want this fall which will continue more. Also, forget 1.52 like 1.53
cable can go up to 1.53 1.54 this week it the news are good
  • #338,138
  • Apr 2, 2013 1:01pm Apr 2, 2013 1:01pm
I'm really not digging Cable this week.
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  • #338,139
  • Apr 2, 2013 1:01pm Apr 2, 2013 1:01pm
Quoting -sonny-
cable can go up to 1.53 1.54 this week it the news are good
i don't think so, when the current formation is like this..

what are you basing on mate?
  • #338,140
  • Apr 2, 2013 1:07pm Apr 2, 2013 1:07pm
hopefully tomorrow i get to see fiber and EG drop like a lump of poop..
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