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Cable Update (GBPUSD)

  • #339,201
  • Apr 22, 2013 5:51am Apr 22, 2013 5:51am
Quoting fontu
Good Morning , So a bull try in gold & eu specially , gap up , filled & continue a little . ok but no hope specially in eu & to some extent in gu too but certainly a turmoil can happen before a great crush , mini ok too as start .Monday! so turmoils /ranges as usual perhaps . If gold actually at this situation 1425.48 & 27 $ then that will be the last leg up for final down , may be shortcut not 1553 high .better go down & take further support confirmation at 1358 or lows with next probable camel action strong to that highs. fontu {image} {image}...
Gold decided it's final leg up continue before the bear to 1553 long possible , hope not though but movement in place as far , next level 1449 to limit 1459 , 84 to 1500 may try with every buy , anyway breakdown with breaks below 1392 should be all over .
eu, gu ok but try the same with gold too> eu 3020, gu 5200 & so to careful bear just . nothing great I think before next bear setup active to take continuation .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #339,202
  • Apr 22, 2013 6:01am Apr 22, 2013 6:01am
Regardless of what is happening with Gold, both cable and fiber are bearish. Remember that Gold had a massive fall.

Quoting fontu
{quote} Gold decided it's final leg up continue before the bear to 1553 long possible , hope not though but movement in place as far , next level 1449 to limit 1459 , 84 to 1500 may try with every buy , anyway breakdown with breaks below 1392 should be all over . eu, gu ok but try the same with gold too> eu 3020, gu 5200 & so to careful bear just . nothing great I think before next bear setup active to take continuation . fontu {image} {image}
  • #339,203
  • Apr 22, 2013 8:29am Apr 22, 2013 8:29am
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,204
  • Apr 22, 2013 8:38am Apr 22, 2013 8:38am
Yes, it's boring but the storm is coming...

Quoting baherhosni
  • #339,205
  • Apr 22, 2013 8:39am Apr 22, 2013 8:39am
@ maso which level broken storm will come... bro
  • #339,206
  • Apr 22, 2013 8:48am Apr 22, 2013 8:48am
I really don't know what it is. What I know is the G20 and IMF have had a comprehensive meeting last week. They have definitely made some important decisions which will be started to affect the market from this week.

Quoting coax.007
@ maso which level broken storm will come... bro
  • #339,207
  • Apr 22, 2013 8:55am Apr 22, 2013 8:55am
yes usually monday is aboring day..

when GOD brings you a challenge he also gives you the power to deal with it
  • #339,208
  • Apr 22, 2013 9:12am Apr 22, 2013 9:12am
Pls who can tell how far this poor us data can drive gu up?
  • #339,209
  • Apr 22, 2013 9:40am Apr 22, 2013 9:40am
[quote=aftatech;6626468]Pls who can tell how far this poor us data can drive gu up?[/quote


i can tell u that pa is very poor today(40 pips range +/-) and i am personally stay out..
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,210
  • Apr 22, 2013 9:43am Apr 22, 2013 9:43am
i dont expect uptrend till we see GDP numbers on thursday. so u can try to long and maybe will get those very risky +40 pips.
  • #339,211
  • Apr 22, 2013 9:55am Apr 22, 2013 9:55am
What we may see on Thursday can be a poor GDP number. As the UK has been downgraded and also, the IMF hinted the UK economic system about their poor situation. So, its trend cannot be bullish.

Quoting Trader88q
i dont expect uptrend till we see GDP numbers on thursday. so u can try to long and maybe will get those very risky +40 pips.
  • #339,212
  • Apr 22, 2013 10:01am Apr 22, 2013 10:01am
Quoting Maso
What we may see on Thursday can be a poor GDP number. As the UK has been downgraded and also, the IMF hinted the UK economic system about their poor situation. So, its trend cannot be bullish. {quote}
The services PMI was quiet strong last month and above forecast. This might be enough to avoid a negative number in the coming GDP print.
  • #339,213
  • Apr 22, 2013 10:10am Apr 22, 2013 10:10am
Yes, that's why economists expect GDP approaching to 0.1.

Quoting neil324
{quote} The services PMI was quiet strong last month and above forecast. This might be enough to avoid a negative number in the coming GDP print.
  • #339,214
  • Apr 22, 2013 10:23am Apr 22, 2013 10:23am
we never know what would be happening
If there was easy money lying around,no one would be forcing it into your
  • #339,215
  • Apr 22, 2013 10:41am Apr 22, 2013 10:41am
1.53 to 1.5350 is the area I would be watching for signs of bears. 1.53 is a price zone and 1.5350 is just below Friday's highs.
  • #339,216
  • Apr 22, 2013 10:41am Apr 22, 2013 10:41am
Quoting FXMindset
we never know what would be happening


wish we know...
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,217
  • Apr 22, 2013 1:19pm Apr 22, 2013 1:19pm
Quoting Bones
Yea I see your point ,but I dont know about that tl {quote} {image}
Yes Bones,thats the TL i mean
If there was easy money lying around,no one would be forcing it into your
  • #339,218
  • Apr 22, 2013 1:48pm Apr 22, 2013 1:48pm
I think this is pretty ok area to short this pair 100pips SL
  • #339,219
  • Apr 22, 2013 1:50pm Apr 22, 2013 1:50pm
Quoting kamifx
GU I don't wanna analysis the dominant Trend right now, and just suggesting the strong Area for Long and Short Entry Position Area between : 1.5288 --- 1.5320 is Strong Area for Short Position 1.5170--- 1.5138 is strong Area for Long Position Closing Daily Candle above 1.5380 will send pair toward Monthly Resistance Closing Daily Candle below 1.5130 will send pair towards Monthly Support
As i suggested before ( for those who wanna open position right now) care for this are
Don’t follow someone else’s trading advice blindly
  • #339,220
  • Apr 22, 2013 1:51pm Apr 22, 2013 1:51pm
Quoting neil324
{quote} The services PMI was quiet strong last month and above forecast. This might be enough to avoid a negative number in the coming GDP print.
Not necessary, market reaction depends on the next forecast(economists) number compared to the next actual one.
Trade according to current market condition, not what you think would be.
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