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Cable Update (GBPUSD)

  • #338,421
  • Apr 4, 2013 9:45pm Apr 4, 2013 9:45pm
Quoting okosodo
Why is nobody speaking? Something new is happening to this currency

something new?
Money never sleeps...
  • #338,422
  • Apr 4, 2013 9:48pm Apr 4, 2013 9:48pm
Quoting okosodo
Why is nobody speaking? Something new is happening to this currency
it seems to be just still playing the range,

question is this?

Will it retrace low enough before the news to be able to handle potential negative news without busting through 1.526?

If it does we could see a larger correction.

I have been saying for weeks that moves will be capped beneath 1.53 and i still feel that way although some negative US data of late has weakened my stance slightly.
Money never sleeps...
  • #338,423
  • Apr 4, 2013 9:50pm Apr 4, 2013 9:50pm
for example, i would normally be jumping all over shorts when we were at the high today being the top of a range that has held for a while,

the fact i didnt shows i have maybe lost my faith in it holding so much (and Bones has for sure influenced me on this too, i respect his experience and judgement and he seems to be very confident of the market turning bullish)
Money never sleeps...
  • #338,424
  • Apr 4, 2013 11:21pm Apr 4, 2013 11:21pm
Quoting okosodo
Why is nobody speaking? Something new is happening to this currency
Waiting for a 1hr close below 5223, looking for 5165 and 5145.
Come with me if you want to live....
  • #338,425
  • Apr 5, 2013 12:16am Apr 5, 2013 12:16am
Good Morning , present situation gu , eu & others related . watch list in gu now very close 5258 , eu 3048.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 47 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,426
  • Apr 5, 2013 12:30am Apr 5, 2013 12:30am
Quoting Bones
eu monthly ,1.2750 has proved strong ,eu bullish for a bit {image} {image}
Good chart , so a 3rd monthly candle to confirm a more correction towards 2200 for real support or bounce or invalidate with great bull with minimum correction now !!ignoring a great hammer candle at a top !! wavewise as broken one limit , last leg down at 3486 & so can take easily more up towards next limit 3837 but failed take earlier .If again try is most unlikely. Most likely is take support at 2200 ( monthly sma 200 close lies at 2049 though ) , bounce if any great heart still left / with another or two bailout awaiting ! towards 3837 or crush halfway to continue last leg down great too .
anyway month just started , still more time play around. lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,427
  • Apr 5, 2013 1:46am Apr 5, 2013 1:46am
hmm.. here is what i see.. we are almost at the up side of the big range after the price hit the afterburner yesterday using the news and it being at the bottom of the same range with buyers waiting too..

"here is where it gets crazy" (taken from "things they dont want you to know" on youtube), on H4 the price stayed above the 200ema for 3 candles + news is starting to get more attention and impacts the action in a more powerful manner..

its my thinking that it now depends on what type of selling power is available between 5250 and 5300s area that will either slow down the momentum and start yet new ranging boundries, pull it back down in a fake breakout move, or that there are not enough sellers there and we aim at the 5350-5400 area to test the 55ema on D1...

thats about it from where i stand..

cheers to all
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,428
  • Apr 5, 2013 1:49am Apr 5, 2013 1:49am
Quoting fontu
Good Morning , present situation gu , eu & others related . watch list in gu now very close 5258 , eu 3048. fontu {image}
yup.. that looks like what i was trying to say..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,429
  • Apr 5, 2013 1:55am Apr 5, 2013 1:55am
the bears will come to us with bad fundamental of GBP

Attached Image (click to enlarge)
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  • #338,430
  • Apr 5, 2013 1:59am Apr 5, 2013 1:59am
cable looks want to satart bearsih, let's see where London carry it...

Attached Image (click to enlarge)
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Simplicity Is The Ultimate Sophistication ~LDV~
  • #338,431
  • Apr 5, 2013 2:06am Apr 5, 2013 2:06am
quite an impulsive move over the big heads chants yesterday followed by
a consolidation over the night.
expecting a break to either side considering NFP is still coming later.
Attached Image (click to enlarge)
Click to Enlarge Name: pound friday morning.PNG Size: 39 KB
  • #338,432
  • Apr 5, 2013 2:10am Apr 5, 2013 2:10am
Quoting deepak925
Back in the zone.. {image}
zone worked..
GBP/USD
  • #338,433
  • Apr 5, 2013 2:12am Apr 5, 2013 2:12am
Quoting deepak925
few pips here.. {image}
will wait to see bounces or breaks on yellow line..
Attached Image (click to enlarge)
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GBP/USD
  • #338,434
  • Apr 5, 2013 2:12am Apr 5, 2013 2:12am
Quoting deepak925
zone worked..
it will go down
Simplicity Is The Ultimate Sophistication ~LDV~
  • #338,435
  • Edited 2:33am Apr 5, 2013 2:23am | Edited 2:33am
Quoting deepak925
will wait to see bounces or breaks on yellow line.. {image}
ok , a sr there . range now 5245 to 5194, break either side , upside a small leg up for 5258 breaks or not before the correction down starts ; down side 5194 breaks initially confirm no small up leg , final confirmation at 5177 breaks down to your sr 5165/58 if able bounce again for top , breaks & UP continue or not at all , bear continue with another crush !
smaller waves , correction down either case .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,436
  • Apr 5, 2013 2:27am Apr 5, 2013 2:27am
Quoting alterchristo
it will go down
May be , nobody knows .just awaitance expectancy . will look for london open for any hints or NY . lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,437
  • Apr 5, 2013 2:34am Apr 5, 2013 2:34am
Quoting alterchristo
cable looks want to satart bearsih, let's see where London carry it... {image}
recent updates...
hmmmm

hope I can ride it till the lowest...

Attached Image (click to enlarge)
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Simplicity Is The Ultimate Sophistication ~LDV~
  • #338,438
  • Apr 5, 2013 2:50am Apr 5, 2013 2:50am
oh well, seems like everyone is onto it
lol...

Watching to see if each 5163 area before NFP release.
Hope so..

Bad data could see us to 5340 and 5450 I suppose
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 35 KB
Come with me if you want to live....
  • #338,439
  • Apr 5, 2013 3:12am Apr 5, 2013 3:12am
Quoting Ill-b-back
oh well, seems like everyone is onto it lol... Watching to see if each 5163 area before NFP release. Hope so.. Bad data could see us to 5340 and 5450 I suppose {image}
nice trade, very realistic target, I'll watch on level 50% of the fibo.
Simplicity Is The Ultimate Sophistication ~LDV~
  • #338,440
  • Apr 5, 2013 3:13am Apr 5, 2013 3:13am
Good analysis mate. I've loaded shorts above 1.52 line.

Quoting fontu
Good Morning , present situation gu , eu & others related . watch list in gu now very close 5258 , eu 3048. fontu {image}
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