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Cable Update (GBPUSD)

  • #338,801
  • Apr 12, 2013 12:31pm Apr 12, 2013 12:31pm
Interesting level to measure close strength:
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  • #338,802
  • Apr 12, 2013 12:33pm Apr 12, 2013 12:33pm
Quoting Tradedly
Interesting level to measure close strength: {image}
Beautiful
If there was easy money lying around,no one would be forcing it into your
  • #338,803
  • Apr 12, 2013 12:34pm Apr 12, 2013 12:34pm
Quoting rehab
who is fiber?
  • #338,804
  • Apr 12, 2013 12:38pm Apr 12, 2013 12:38pm
Hi
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  • #338,805
  • Apr 12, 2013 12:42pm Apr 12, 2013 12:42pm
Quoting rehab
who is fiber?
http://www.fxfisherman.com/forums/fo...-nickname.html
  • #338,806
  • Apr 12, 2013 12:47pm Apr 12, 2013 12:47pm
I will continue to buy inside the yellow triangle , TP 1.5450
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  • #338,807
  • Apr 12, 2013 1:17pm Apr 12, 2013 1:17pm
looks headed to 1.533x
  • #338,808
  • Apr 12, 2013 1:19pm Apr 12, 2013 1:19pm
Its definitely up to you but is very risky I think.

Quoting -sonny-
I will continue to buy inside the yellow triangle , TP 1.5450 {image}
  • #338,809
  • Apr 12, 2013 1:20pm Apr 12, 2013 1:20pm
OK, already it has been broken.lol

Quoting Ziko9o8
Hi {image}
  • #338,810
  • Apr 12, 2013 1:40pm Apr 12, 2013 1:40pm
Quoting Maso
OK, already it has been broken.lol
- OK, how about breaking it in H1 time frame?
  • #338,811
  • Apr 12, 2013 1:45pm Apr 12, 2013 1:45pm
Thanks Ziko for the link...now I know what it is funny not to know who is fiber
  • #338,812
  • Apr 12, 2013 1:53pm Apr 12, 2013 1:53pm
Quoting Maso
Its definitely up to you but is very risky I think.
it's also risky to sell , lol
  • #338,813
  • Apr 12, 2013 2:02pm Apr 12, 2013 2:02pm
Quoting rehab
Thanks Ziko for the link...now I know what it is funny not to know who is fiber
- Welcome anytime.
  • #338,814
  • Apr 12, 2013 2:15pm Apr 12, 2013 2:15pm
Quoting -sonny-
it's also risky to sell , lol
Indeed its risky to short.. Wait next week, hopefully we can short during asian on the retracement up..
  • #338,815
  • Apr 12, 2013 2:21pm Apr 12, 2013 2:21pm
Quoting A-speculator
Indeed its risky to short.. Wait next week, hopefully we can short during asian on the retracement up..
Indeed it is..

I know we've been to 54 Specs, I just think we can go there again.

Off to work, enjoy the weekend.
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Come with me if you want to live....
  • #338,816
  • Apr 12, 2013 2:25pm Apr 12, 2013 2:25pm
I will also wait till close of the day before I decide what to do for next week. I do not see short that obvious as we did not have LSL on daily chart (I try to trade daily charts looking for large movement). Have a great W E
  • #338,817
  • Apr 12, 2013 3:00pm Apr 12, 2013 3:00pm
Surprise, surprise...

Quoting Tradedly
Interesting level to measure close strength: {image}
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  • #338,818
  • Apr 12, 2013 3:21pm Apr 12, 2013 3:21pm
Quoting Tradedly
Surprise, surprise... {image}
... the chart never lies...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,819
  • Apr 12, 2013 3:26pm Apr 12, 2013 3:26pm
ok.. here is what i see.. or what i dont really.. hehe.. the price broke through the D1 55 ema yesterday.. it bounced off of it today.. so we need to see where the day/week will end to start analyzing the situation for next week..

EDIT: or may be we should wait til market open next week i guess..

have gr8 weekend all..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #338,820
  • Apr 12, 2013 4:06pm Apr 12, 2013 4:06pm
Quoting baherhosni
ok.. here is what i see.. or what i dont really.. hehe.. the price broke through the D1 55 ema yesterday.. it bounced off of it today.. so we need to see where the day/week will end to start analyzing the situation for next week.. EDIT: or may be we should wait til market open next week i guess.. have gr8 weekend all..
This is what I saw previous to today (note chart date):

1) We attacked that gap region (rectangle.)
2) It took some doing... sticky going.. to get through; and in fact we had a retracement (red fibs) to the 50 back, but bulls came in and said enough is enough.
3) Thin to the north post gap, until we play into larger downside pressure.
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