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Cable Update (GBPUSD)

  • #338,681
  • Apr 10, 2013 10:30am Apr 10, 2013 10:30am
Let's see what will happen tonight in Asia market.

Quoting A-speculator
so, you're expecting the report tomorrow will be positive eh.. well, i don't know that.. but technically, it's quite risky to long at this price unless the breakout of 5340.. imho.
  • #338,682
  • Apr 10, 2013 10:34am Apr 10, 2013 10:34am
Quoting Maso
Let's see what will happen tonight in Asia market.
well mate, i'm not expecting large movement, perhaps we might have some movement on the weekly close (Friday) to show us the direction for next week..
  • #338,683
  • Apr 10, 2013 10:43am Apr 10, 2013 10:43am
Time to just sit back and wait for it to make a break.

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  • #338,684
  • Apr 10, 2013 10:48am Apr 10, 2013 10:48am
Quoting blobsaudio
Time to just sit back and wait for it to make a break. {image}
perhaps you can take a look at fiber too.. fiber give quite a good range today.. for cable first to watch is the confirmed breakout of 5300 in 4h, at least that will show the start of the downtrend, but only in 4h, or maybe we will closed as a doji in daily and move down tomorrow.. this is just a speculation.

if we assume today candle will close as a doji, then don't expect it will move anywhere until the candle closed.
  • #338,685
  • Apr 10, 2013 10:51am Apr 10, 2013 10:51am
Quoting A-speculator
so, you're expecting the report tomorrow will be positive eh.. well, i don't know that.. but technically, it's quite risky to long at this price unless the breakout of 5340.. imho.
I agree it's risky
  • #338,686
  • Apr 10, 2013 10:56am Apr 10, 2013 10:56am
Quoting -sonny-
I agree it's risky
it's because the weekly mate.. i show you in my chart.. see the support turned resistance?
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  • #338,687
  • Apr 10, 2013 11:01am Apr 10, 2013 11:01am
Quoting A-speculator
perhaps you can take a look at fiber too.. fiber give quite a good range today.. for cable first to watch is the confirmed breakout of 5300 in 4h, at least that will show the start of the downtrend, but only in 4h, or maybe we will closed as a doji in daily and move down tomorrow.. this is just a speculation. if we assume today candle will close as a doji, then don't expect it will move anywhere until the candle closed.
Fiber has provided me with no entries today .

Yeah cable is currently stuck below 1.535x on the daily and has 1.53 stopping any moves to the south right now, the only place it is going in any hurry is east
  • #338,688
  • Apr 10, 2013 11:05am Apr 10, 2013 11:05am
Quoting blobsaudio
Fiber has provided me with no entries today . Yeah cable is currently stuck below 1.535x on the daily and has 1.53 stopping any moves to the south right now, the only place it is going in any hurry is east
well, as for fiber, as you can see.. we also has reached 50% fibo and my entry is based on after the 4h black cloud cover has completed..
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  • #338,689
  • Apr 10, 2013 11:14am Apr 10, 2013 11:14am
Quoting A-speculator
it's because the weekly mate.. i show you in my chart.. see the support turned resistance? {image}
you are right and I'm ready to close all my positions , but I think the bulls will try to break it one last time tomorrow
  • #338,690
  • Apr 10, 2013 11:16am Apr 10, 2013 11:16am
Quoting -sonny-
you are right and I'm ready to close all my positions , but I think the bulls will try to break it one last time tomorrow
your trade, you decide mate..

i'm a nobody..
  • #338,691
  • Apr 10, 2013 11:20am Apr 10, 2013 11:20am
Quoting A-speculator
well, as for fiber, as you can see.. we also has reached 50% fibo and my entry is based on after the 4h black cloud cover has completed.. {image} {image}
I don't use Fibs or Ichimoku so will have missed those entries. Good trade for you I hope .

I trade mainly with engulfing candles, patterns (my preferred two methods), one main indicator based set up, divergence generally to confirm an entry and most importantly zones for everything.

Slowly learning PA and trend lines.
  • #338,692
  • Apr 10, 2013 11:26am Apr 10, 2013 11:26am
Quoting blobsaudio
I don't use Fibs or Ichimoku so will have missed those entries. Good trade for you I hope . I trade mainly with engulfing candles, patterns (my preferred two methods), one main indicator based set up, divergence generally to confirm an entry and most importantly zones for everything. Slowly learning PA and trend lines.
nah.. the ichimoku and fibs are just helping me gauging the price, i mainly use candle..

they are like instruments when you're flying without the horizon.. they are not my decision making tools, they are just "indicators", if you know what i mean..
  • #338,693
  • Apr 10, 2013 12:09pm Apr 10, 2013 12:09pm
Quoting A-speculator
nah.. the ichimoku and fibs are just helping me gauging the price, i mainly use candle.. they are like instruments when you're flying without the horizon.. they are not my decision making tools, they are just "indicators", if you know what i mean..
I understand.
  • #338,694
  • Apr 10, 2013 12:12pm Apr 10, 2013 12:12pm
Usualy when ther is a change in the trend the swing starts out chops sideways and the continues on. I suspect its wats happining here, GBP/USD has shown a turn in trend along with EUR/USD and CHF/USD and started chopping sideways. We should be in full swing within the next week or so.
  • #338,695
  • Apr 10, 2013 12:28pm Apr 10, 2013 12:28pm
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I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,696
  • Apr 10, 2013 12:32pm Apr 10, 2013 12:32pm
Quoting baherhosni
{image}
  • #338,697
  • Apr 10, 2013 7:28pm Apr 10, 2013 7:28pm
Quoting A-speculator
so, you're expecting the report tomorrow will be positive eh.. well, i don't know that.. but technically, it's quite risky to long at this price unless the breakout of 5340.. imho.
Why do you think it would take a positive report to create another leg up? Almost without exception since 1.4830, it has been negative reports that have weakened USD, the latest being last Fridays NFP.
Come with me if you want to live....
  • #338,698
  • Apr 10, 2013 8:41pm Apr 10, 2013 8:41pm
Morning,

Pound 4H - Been hold for 5 days now
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If there was easy money lying around,no one would be forcing it into your
  • #338,699
  • Edited 11:46pm Apr 10, 2013 11:16pm | Edited 11:46pm
Good Morning . if even gold may be betraying the correction/pullback in eu,gu & alike without breaking so far 1591/4 and successfully took next leg down to 1554 , a clear bounce area actually for the bear set up.that is, if gold hold or not,a bounce is likely ( towards 1591 , likely 1573) if the market behave normally,bear continue . last leg up to down continue , not breaking 1591/4 again or break them, and or next 1616,21,36 with next confirmation at 1651, next 85 & last 96 for real pullback or bounce towards 1718 or so .
so with this present bounce if gold can happen towards 1591/4 again may take eu , gu further up with mofu at present top without a minimum correction , unlike a natural correction like gold did , so though expected next leg down in them, can take extended present leg to more up, crazily it is holding at top more days .go more up crazy or break 5146/23 to 5026 again , breaks .
Take care before take good trade in those situation , confirm next situation /intention before the jumps either side .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #338,700
  • Apr 10, 2013 11:33pm Apr 10, 2013 11:33pm
Quoting Ill-b-back
Why do you think it would take a positive report to create another leg up? Almost without exception since 1.4830, it has been negative reports that have weakened USD, the latest being last Fridays NFP.
i didn't say that mate..

i'm expecting bad data to go downtrend since i'm currently short.. that guy who expects the good news..
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