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Cable Update (GBPUSD)

  • #338,901
  • Apr 16, 2013 10:04am Apr 16, 2013 10:04am
Mr cable has been disconnected from Eur.

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}
  • #338,902
  • Apr 16, 2013 10:26am Apr 16, 2013 10:26am
I hate my broker always disconnected especially trong thread. Broker "UpFX.com"
  • #338,903
  • Apr 16, 2013 11:46am Apr 16, 2013 11:46am
I would say that just do trading in a powerful broker system such as oanda and fxpro.

Quoting skyhawkps
I hate my broker always disconnected especially trong thread. Broker "UpFX.com"
  • #338,904
  • Apr 16, 2013 12:21pm Apr 16, 2013 12:21pm
Mr cable touched a critical point at 1537~1538 area. I think we need to still wait and have a look at tomorrow decision of BOE.
  • #338,905
  • Apr 16, 2013 12:39pm Apr 16, 2013 12:39pm
Is it possible if the cable going down to 15300? Thanks
  • #338,906
  • Apr 16, 2013 12:43pm Apr 16, 2013 12:43pm
We had a moderate good report from UK today and a couple of bad ones on the US. Tomorrow, the BOE decision may clear it. Now, everything is possible mate. 1.56 or 1.50 which is so risky. I am out from trading till tomorrow afternoon.

Quoting anindocortez
Is it possible if the cable going down to 15300? Thanks
  • #338,907
  • Apr 16, 2013 12:47pm Apr 16, 2013 12:47pm
Quoting Maso
We had a moderate good report from UK today and a couple of bad ones on the US. Tomorrow, the BOE decision may clear it. Now, everything is possible mate. 1.56 or 1.50 which is so risky. I am out from trading till tomorrow afternoon.
The problem is I have my short at 15350 and limit equity. Thanks alot, Sir.
  • #338,908
  • Apr 16, 2013 12:49pm Apr 16, 2013 12:49pm
Quoting Maso
We had a moderate good report from UK today and a couple of bad ones on the US. Tomorrow, the BOE decision may clear it. Now, everything is possible mate. 1.56 or 1.50 which is so risky. I am out from trading till tomorrow afternoon.
Do you trade fundamentals more than technical?

Right now price has cleared 1.535x and stayed above it which would suggest some more northward movement to around 1.54 I would say as a minimum.

No idea what happened to the bears this morning, I thought they had the reigns until the low 1.52s
  • #338,909
  • Apr 16, 2013 1:02pm Apr 16, 2013 1:02pm
For up 1.5414 & For down 1.5269
If there was easy money lying around,no one would be forcing it into your
  • #338,910
  • Apr 16, 2013 1:12pm Apr 16, 2013 1:12pm
Quoting FXMindset
For up 1.5414 & For down 1.5269
Thanks Sir
  • #338,911
  • Apr 16, 2013 1:13pm Apr 16, 2013 1:13pm
ok guys, seems like things has changed here..

fiber is breaking the 3140 price on daily, i think i was trading against the trend on cable. stopped out at -38pips.

well, let's reanalyse the market for the moment.

as of today, we have new lows in gold, what's that tell us? i think that tells us that the crowd is moving from low risk instruments towards a higher risk instruments, maybe for a higher returns, thus they might choose euro and pound rather than the usd - risk off.

on fiber and cable, the weekly and monthly already shows us the path (as you can see from the candles), it's ignorance on my side that still taking the short side of trades. imho, i think we will have new highs on fiber and cable, and trading the short side is counter trending. no more short side of trade for me on both fiber and cable, will decide for the entry later (entry on fiber is at the breakout price, 3140 but haven't decide yet on cable)..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cable..png Size: 54 KB
Click to Enlarge Name: cable2.png Size: 53 KB
  • #338,912
  • Apr 16, 2013 1:19pm Apr 16, 2013 1:19pm
Quoting Ill-b-back
And my broker Go Markets, loses connection yet again leading into the days main session. Typical
than go for pepperstone mate, i hear good things on them and they are australian if i'm not mistaken.
  • #338,913
  • Apr 16, 2013 1:24pm Apr 16, 2013 1:24pm
Quoting Maso
Mr cable has been disconnected from Eur.
no mate, cable is closely related with fiber, but may have sometimes inverse related with the aussie and kiwi, since they are both closely related with the commodities - meaning they are the risk aversion instruments.
  • #338,914
  • Apr 16, 2013 3:28pm Apr 16, 2013 3:28pm
Quoting kamifx
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
Yep, clear as mud mate, clear as mud.
lol...
Come with me if you want to live....
  • #338,915
  • Apr 16, 2013 3:34pm Apr 16, 2013 3:34pm
Quoting A-speculator
than go for pepperstone mate, i hear good things on them and they are australian if i'm not mistaken.
Yeah I've found a list of Aussie brokers, I'll need to check their server times as this is very important for my trading.
It's a shame as everything else about them is fine for me.

I don't even usually trade other than at the opening of each day, but this rangy counter tend action last 6 weeks or so has had me up a few times for session changes.

Anyway, I play with relative peanuts so feel a little like I'm crying over spilt milk.
Come with me if you want to live....
  • #338,916
  • Apr 16, 2013 3:40pm Apr 16, 2013 3:40pm
Quoting Maso
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.
Yep, I'm bearish overall too mate, but just not yet, let's see where we end up this week.
I never said Euro and Cable were still highly correlated, I just offered up my analysis on the 2 pairs.
Come with me if you want to live....
  • #338,917
  • Apr 16, 2013 3:42pm Apr 16, 2013 3:42pm
Quoting Ill-b-back
Yeah I've found a list of Aussie brokers, I'll need to check their server times as this is very important for my trading. It's a shame as everything else about them is fine for me. I don't even usually trade other than at the opening of each day, but this rangy counter tend action last 6 weeks or so has had me up a few times for session changes. Anyway, I play with relative peanuts so feel a little like I'm crying over spilt milk.
well, if you have a sizeable account, i would suggest you go for mbtrading, i've been with them since 2005, not a problem & very fast execution and withdrawal, i'm not with their metatrader account (only recently they offered metatrader account) - that is my main account, other than that is just my "fun account with margin no more than 10k"
  • #338,918
  • Apr 16, 2013 3:57pm Apr 16, 2013 3:57pm
Quoting A-speculator
well, if you have a sizeable account, i would suggest you go for mbtrading, i've been with them since 2005, not a problem & very fast execution and withdrawal, i'm not with their metatrader account (only recently they offered metatrader account) - that is my main account, other than that is just my "fun account with margin no more than 10k"
Yes, I've heard good things about them.

But as I said, I play with peanuts, I'm also a little lazy

5338 area would be tempting if I was going to buy, but I'm not. I'm not saying there won't be pips to be made, I think there will, just not for me.
Come with me if you want to live....
  • #338,919
  • Apr 16, 2013 3:59pm Apr 16, 2013 3:59pm
Quoting Ill-b-back
Yes, I've heard good things about them. But as I said, I play with peanuts, I'm also a little lazy 5338 area would be tempting if I was going to buy, but I'm not. I'm not saying there won't be pips to be made, I think there will, just not for me.
yups, more or less same price as mine, but i will try to long there..
  • #338,920
  • Apr 16, 2013 4:13pm Apr 16, 2013 4:13pm
Quoting A-speculator
yups, more or less same price as mine, but i will try to long there..


All the best Specs
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