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Cable Update (GBPUSD)

  • #338,881
  • Apr 16, 2013 2:52am Apr 16, 2013 2:52am
GBPUSD better to wait because today important data and can be a big movement, reflection is already over 500 pips, a possible return to 1.51 in the long run
How do you see it?
  • #338,882
  • Apr 16, 2013 2:54am Apr 16, 2013 2:54am
Quoting Ill-b-back
1 more daily 3rd wave push up. I won't sell until bearish break and retest of 5225 area. But I am trading longer term. {image} {image}
this is my view on daily.. i also waiting for the break of 5220 for 100% my normal position size (i'm thinking 5 lot here, but highly depend on how price progress, risking around 2-3%..)
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  • #338,883
  • Apr 16, 2013 2:56am Apr 16, 2013 2:56am
Quoting Ill-b-back
1 more daily 3rd wave push up. I won't sell until bearish break and retest of 5225 area. But I am trading longer term. {image} {image}
If we dont get to 5460 area that is.
Come with me if you want to live....
  • #338,884
  • Apr 16, 2013 3:25am Apr 16, 2013 3:25am
mostly my messages won't get through!
  • #338,885
  • Apr 16, 2013 3:34am Apr 16, 2013 3:34am
Quoting A-speculator
do you have stops for those trades mate? can the account sustain a 1000pips of DD?
no stops but if we enter the red zone I will open a hedge or close all, it's a big account no problem. I'm not crazy
  • #338,886
  • Apr 16, 2013 5:31am Apr 16, 2013 5:31am
Any ones guess but I holding shorts. See what NY says.
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  • #338,887
  • Apr 16, 2013 5:58am Apr 16, 2013 5:58am
I see that Mr cable is strongly bearish.

Quoting A-speculator
this is my view on daily.. i also waiting for the break of 5220 for 100% my normal position size (i'm thinking 5 lot here, but highly depend on how price progress, risking around 2-3%..) {image}
  • #338,888
  • Apr 16, 2013 6:02am Apr 16, 2013 6:02am
Quoting Maso
I see that Mr cable is strongly bearish.
yeah, cable can't even sustain trading above 5315.. wait for the breakout of 5220 and then we might have bear (or beer?) party.. lol.
  • #338,889
  • Apr 16, 2013 6:13am Apr 16, 2013 6:13am
my long term view , if the euro break the 100 ma on weekly it can go up to 1.40 and the cable will follow, if the euro stay below the 100 ma it will draw a H&S and go down .

If we continue with bad datas for the US (with QE3) and not so bad for EU (with no QE) we will go up , unless a new drama come from Europe and everything go down again.
Attached Image (click to enlarge)
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  • #338,890
  • Apr 16, 2013 6:17am Apr 16, 2013 6:17am
Quoting -sonny-
my long term view , if the euro break the 100 ma on weekly it can go up to 1.40 and the cable will follow, if the euro stay below the 100 ma it will draw a H&S and go down . If we continue with bad datas for the US (with QE3) and not so bad for EU (with no QE) we will go up , unless a new drama come from Europe and everything go down again. {image}
i think it won't be happening in this year.. lol.

see the possible head and shoulder in weekly.. as long as 3140 intact, no upside imho. and the daily doesn't suggest uptrend atm.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: cable2.png Size: 30 KB
  • #338,891
  • Apr 16, 2013 6:22am Apr 16, 2013 6:22am
Euro/Dollar D1 : Up
Pound/Dollar D1 : Down
Aussie/Dollar D1 : Down & Flat after short from 1.0500,Need several confirmation as we are dancing In Monthly Support,need the closed and break for resume the down or bouncing up
If there was easy money lying around,no one would be forcing it into your
  • #338,892
  • Apr 16, 2013 6:32am Apr 16, 2013 6:32am
Quoting -sonny-
my long term view , if the euro break the 100 ma on weekly it can go up to 1.40 and the cable will follow, if the euro stay below the 100 ma it will draw a H&S and go down . If we continue with bad datas for the US (with QE3) and not so bad for EU (with no QE) we will go up , unless a new drama come from Europe and everything go down again. {image}
New drama out of Europe?
The whole region's a drama dude.

As for Cable, let's see where we finish Friday
Come with me if you want to live....
  • #338,893
  • Apr 16, 2013 7:19am Apr 16, 2013 7:19am
Quoting Maso
I see that Mr cable is strongly bearish.
You see or you hope? :]
  • #338,894
  • Apr 16, 2013 8:10am Apr 16, 2013 8:10am
Quoting Ill-b-back
New drama out of Europe? The whole region's a drama dude. As for Cable, let's see where we finish Friday
Cable will be between 1.5400 and 1.5500 if it break up 1.5380 or between 1.5230 and 1.5140 if it go down.

if euro break 1.3170 and stay above than everything will continue up
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  • #338,895
  • Edited 8:43am Apr 16, 2013 8:32am | Edited 8:43am
I am very surprised with these Analysis!!!!!!!!!
It's clear that GBPUSD is finding momentum for breaking 1.5295
Best Sell Entry is above 1.5317
T/P1 =1.5265
T/P2 =1.5167
S/L= 1.5335
Don’t follow someone else’s trading advice blindly
  • #338,896
  • Apr 16, 2013 8:45am Apr 16, 2013 8:45am
Quoting -sonny-
Cable will be between 1.5400 and 1.5500 if it break up 1.5380 or between 1.5230 and 1.5140 if it go down. if euro break 1.3170 and stay above than everything will continue up {image}
I agree mainly with GU, I'm thinking mid way between 54 and 55 for this week if I'm reading things right. Not necessarly up from here today, but end of the week will be interesting.

It would not surprise me one bit to see EU around 3230 by Thurs/Friday for a retest.

I just don't think either rally (particularly GU) is sustainable that's all.

But was just mainly having some fun on words.
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #338,897
  • Apr 16, 2013 8:51am Apr 16, 2013 8:51am
And my broker Go Markets, loses connection yet again leading into the days main session.

Typical
Come with me if you want to live....
  • #338,898
  • Apr 16, 2013 9:25am Apr 16, 2013 9:25am
Right here the closer view!
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  • #338,899
  • Apr 16, 2013 9:57am Apr 16, 2013 9:57am
Here's the other view h4 chart.
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  • #338,900
  • Apr 16, 2013 10:03am Apr 16, 2013 10:03am
The Mr cable is in correlation with NZD and AUD not EUR. both aussi and kiwi are strongly bearish. So, Mr cable I think cannot break even 1535 easily. Then, it is highly bearish.


Quoting Ill-b-back
I agree mainly with GU, I'm thinking mid way between 54 and 55 for this week if I'm reading things right. Not necessarly up from here today, but end of the week will be interesting. It would not surprise me one bit to see EU around 3230 by Thurs/Friday for a retest. I just don't think either rally (particularly GU) is sustainable that's all. But was just mainly having some fun on words. {image}
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