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Cable Update (GBPUSD)

  • #338,641
  • Apr 9, 2013 2:04pm Apr 9, 2013 2:04pm
Quoting A-speculator
well, 5340 is an interesting price, it that price doesn't break, we will go very down.. imho.
yes, just perhaps a difficult trade to defend for a person who breaks entries and manages a zone rather than a single level with a single entry.

that retest of the gap was easy money. the response was very plain to the eye.
  • #338,642
  • Apr 9, 2013 2:16pm Apr 9, 2013 2:16pm
Quoting Tradedly
yes, just perhaps a difficult trade to defend for a person who breaks entries and manages a zone rather than a single level with a single entry. that retest of the gap was easy money. the response was very plain to the eye.
now let's see, if that resistance hold, i would like to see an attempt to break 5200.. this will be a swing trade - meaning i'm not expecting this to happen in a few days..
  • #338,643
  • Apr 9, 2013 2:43pm Apr 9, 2013 2:43pm
http://www.forexfactory.com/showthre...00#post6587300

market still in pullback action , strong & stout so far . gu passing time at a top areas while others , eu trying reach minimum & equivalent pullback action to 3134 breaks , gold to breaks 1616, now below a limit for down 1591/94 only . anyway not far from their targets while gu may accommodate within 5363 or even more up 5392 if very interested and if correction start then indication with breaks 5280 , next confirmation with 5239 towards 5100 if hold or not question .5122 actually breaks confirmation for down towards 5026 or low .

If gold betray , that is limit down respect & continue bear then situation in eu , gu may fail to for PB , at least a hint IF .

so next day may start same as today morning , more correction before more up next day or weekend , good try at least .



fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,644
  • Apr 9, 2013 3:00pm Apr 9, 2013 3:00pm
havent been updating myself lately, hows everything?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #338,645
  • Apr 9, 2013 6:03pm Apr 9, 2013 6:03pm
Quoting livethedream
Currently short looking for either the previous 15 min. low or about the 1.5305 level.
Closed this position for a small profit. Hoping to see some bullish movement during the Asian session to allow for a good short opportunity tomorrow.

This is the plan if pa looks right over the next 12 hours.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #338,646
  • Apr 9, 2013 11:03pm Apr 9, 2013 11:03pm
Hi,

I have place buy on GBP/USD just now.
I think it should get to 1.54xx today.
USDX is also down.

Regards,
dormin
"be content with your pay" - John the Baptist
  • #338,647
  • Apr 10, 2013 1:07am Apr 10, 2013 1:07am
been long since 1.5275 yesterday.
Hope it keeps going up
  • #338,648
  • Apr 10, 2013 1:09am Apr 10, 2013 1:09am
I actually exited my long just now, not convinced by the bull momentum. I think a retrace is on its way..It seems to me that the ppl who were smelling the bear yesterday had a good nose
  • #338,649
  • Apr 10, 2013 1:25am Apr 10, 2013 1:25am
Hi

Cable need to pass 1.5367 to continue going up
  • #338,650
  • Apr 10, 2013 1:43am Apr 10, 2013 1:43am
Quoting rehab
I actually exited my long just now, not convinced by the bull momentum. I think a retrace is on its way..It seems to me that the ppl who were smelling the bear yesterday had a good nose
Hi,

I've exited my long too.
Waiting on London to see.

Maybe today's selling day on GBP.

Regards,
dormin
"be content with your pay" - John the Baptist
  • #338,651
  • Apr 10, 2013 1:59am Apr 10, 2013 1:59am
Quoting dormin
Hi, I've exited my long too. Waiting on London to see. Maybe today's selling day on GBP. Regards, dormin
let's wait patiently, one confirmed momentum to the downside on 4h and we're on.. atm not yet, let's see if 5340 hold..
  • #338,652
  • Apr 10, 2013 2:32am Apr 10, 2013 2:32am
, 1.535x buying into it may feel like running into a wall.

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  • #338,653
  • Apr 10, 2013 2:42am Apr 10, 2013 2:42am
What do you think about dropping to 1.52?Correction already has 500 pips
  • #338,654
  • Apr 10, 2013 3:03am Apr 10, 2013 3:03am
Quoting A-speculator
let's wait patiently, one confirmed momentum to the downside on 4h and we're on.. atm not yet, let's see if 5340 hold..
Personally think 1.5360 is the bigger number to breach. I shall wait to see if this goes. If it tests and goes back below your 5340 then I shall start to short as I believe we will then go down to 5200 from there (over a few days, maybe even into next week)
  • #338,655
  • Apr 10, 2013 3:10am Apr 10, 2013 3:10am
Quoting deboooo2005
Hi Cable need to pass 1.5367 to continue going up
imo as of now GBPNZD looks more attractive to buld long positions
  • #338,656
  • Apr 10, 2013 3:27am Apr 10, 2013 3:27am
Quoting Thfc
Personally think 1.5360 is the bigger number to breach. I shall wait to see if this goes. If it tests and goes back below your 5340 then I shall start to short as I believe we will then go down to 5200 from there (over a few days, maybe even into next week)
well, i think we are actually forming a bear flag on weekly though it's still too early to say that.. 5200 area is the first place for a bounce imho. the extension of the downtrend (if the bear flag valid) is further down.. lack of bearish reaction at the resistence atm triggered a warning, just fasten your seatbelt in case it violates the resistance..
  • #338,657
  • Apr 10, 2013 5:03am Apr 10, 2013 5:03am
G/M,

Very thin morning re price movement so far - 31% of 20 day atr covered so far that is all...1hr just closing as a PB ish candle after a false downside b/o of the tight 1hr recent range...upside progress after bounce from the potential rbs = previous 4hr/daily swing hi x 2 zone halted at 5343. 5350, 5365-70 then 5400 stronger offers reported, to the downside 5300, 5285-90 then 5250 and 5240 stronger bids reported.

G/L
ex member
  • #338,658
  • Apr 10, 2013 5:17am Apr 10, 2013 5:17am
right know if you open a position it's a bet on the Unemployment Claims tomorrow
  • #338,659
  • Apr 10, 2013 5:26am Apr 10, 2013 5:26am
Is it a possible H&S formation for the eurusd ? I'm not very good in patterns
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  • #338,660
  • Apr 10, 2013 5:27am Apr 10, 2013 5:27am
Yes, I agree but NZD shows more bullish movements. So, which point is the best for entering this long position?

Quoting magicgate
imo as of now GBPNZD looks more attractive to buld long positions
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