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Cable Update (GBPUSD)

  • #339,021
  • Apr 18, 2013 3:38am Apr 18, 2013 3:38am
Quoting TTTaha
short cable is the best action right now
we in strong support. i was shorting 5245 TP 5220 and closed cause was expecting 5150 but no. market didnt fall down GU.

i will wait 5160 and LONG here cause now very unclear. technically we should go down. but in reallity i see no reaction
  • #339,022
  • Apr 18, 2013 3:41am Apr 18, 2013 3:41am
1.5220 is a good area for support, if it breaks then we should be looking good for a drop to 1.5185 which will hopefully not put to much of a fight up today. So far it is struggling to break yesterdays low but it is working away at it.
  • #339,023
  • Apr 18, 2013 3:44am Apr 18, 2013 3:44am
Quoting Trader88q
we in strong support. i was shorting 5245 TP 5220 and closed cause was expecting 5150 but no. market didnt fall down GU. i will wait 5160 and LONG here
Nah, no strong nothing, proof on that it's now oversold and forcing the break of yesterday low, it must just give some break of breath(some minutes) to come out from oversold area and make the fall after
Trade according to current market condition, not what you think would be.
  • #339,024
  • Apr 18, 2013 3:44am Apr 18, 2013 3:44am
here is my reason why i am shorting the cable , Yesterday we had a bearish engulfing candle on the daily chart . which indicate that we see a drop in the pound unless we have a very good news from UK , Cable will not able to recover again.
  • #339,025
  • Apr 18, 2013 3:50am Apr 18, 2013 3:50am
Quoting TTTaha
here is my reason why i am shorting the cable , Yesterday we had a bearish engulfing candle on the daily chart . which indicate that we see a drop in the pound unless we have a very good news from UK , Cable will not able to recover again.
am relying too on the weekly bearish candles formation, wait to see if can pass 1.5230(convincingly) again
Trade according to current market condition, not what you think would be.
  • #339,026
  • Apr 18, 2013 3:54am Apr 18, 2013 3:54am
This area has held very well if the candle finishes at 5238 then the Pound should see upside till USD news
  • #339,027
  • Apr 18, 2013 3:55am Apr 18, 2013 3:55am
am [email protected] [email protected]
Watch me trade Live on YouTube
  • #339,028
  • Apr 18, 2013 4:31am Apr 18, 2013 4:31am
don't forget that we are in a elevator game , 1.30 is a strong support for the euro, cable continue in a up channel for now .
we are at the ground floor , now we can go to the basement or go back to 1.54 floor
  • #339,029
  • Apr 18, 2013 4:36am Apr 18, 2013 4:36am
I'm not quite sure. The basement for Mr cable is not here. At least I would say it could be around 1.50 level for now. But next months could be lower.

Quoting -sonny-
don't forget that we are in a elevator game , 1.30 is a strong support for the euro, cable continue in a up channel for now . we are at the ground floor , now we can go to the basement or go back to 1.54 floor
  • #339,030
  • Apr 18, 2013 4:36am Apr 18, 2013 4:36am
Quoting -sonny-
don't forget that we are in a elevator game , 1.30 is a strong support for the euro, cable continue in a up channel for now . we are at the ground floor , now we can go to the basement or go back to 1.54 floor
Now that is what I call "A funny analysis". But I mean it in a good way sort of speak..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,031
  • Apr 18, 2013 4:37am Apr 18, 2013 4:37am
Quoting Maso
I'm not quite sure. The basement for Mr cable is not here. At least I would say it could be around 1.50 level for now. But next months could be lower.
Maso, please "bear" with us.. we are still 200 pips away!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,032
  • Apr 18, 2013 4:41am Apr 18, 2013 4:41am
Hi mate,

No worries. Its performance is able to finish this 200 pips job in a minute

Quoting baherhosni
Maso, please "bear" with us.. we are still 200 pips away!
  • #339,033
  • Apr 18, 2013 4:42am Apr 18, 2013 4:42am
Wedge on 5min, we should find out soon enough where we are heading or attempting to head.

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  • #339,034
  • Apr 18, 2013 4:47am Apr 18, 2013 4:47am
Unemployment claims today.
Come with me if you want to live....
  • #339,035
  • Apr 18, 2013 4:47am Apr 18, 2013 4:47am
Price seems so sluggish.. I don't know if it will break an egg shell, let alone an S/R!! hehe
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,036
  • Apr 18, 2013 4:48am Apr 18, 2013 4:48am
remember this move ?
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  • #339,037
  • Apr 18, 2013 4:53am Apr 18, 2013 4:53am
Quoting Ill-b-back
Unemployment claims today.
Yes! The fantasy numbers soon to arrive....
Ghost Rider - WWTBMD?
  • #339,038
  • Apr 18, 2013 5:09am Apr 18, 2013 5:09am
I think this will remain until Friday between 1.5280 to 1.52. Hopefully this coming week will heavier going south.
  • #339,039
  • Apr 18, 2013 5:11am Apr 18, 2013 5:11am
Quoting albchr
Yes! The fantasy numbers soon to arrive....
Lol...

I knew you were lurking

He he
Come with me if you want to live....
  • #339,040
  • Apr 18, 2013 5:17am Apr 18, 2013 5:17am
Very rarely in here these days. How ya been bro?
Ghost Rider - WWTBMD?
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