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Cable Update (GBPUSD)

  • #339,241
  • Apr 22, 2013 9:31pm Apr 22, 2013 9:31pm
Quoting posterboy
Are you referring to 1.5355 as lower high on H4 ? {quote} {image}
possible if u predicting a lower hi to be rejected on that trend-line. I was referring to the Friday's High @ 1.5370/80 zone, above there safer for no more lower hi. But that 1.5355 forecast might be valid, depending on if the price do manage to get that and touch that line, if it passes through, buy stops will be encouraged for break out from trend-line.

Reason is that any where 1.5355-1.5370 can still be a lower high compared to Friday's High and will further put price in a range. Safer entry for stops would be after Friday's High. Will have to be dependable on incoming fundamental, as volatility is needed to drive prices.


Tech on GBP/USD has been doing far better than EUR/USD lately,
  • #339,242
  • Apr 22, 2013 9:49pm Apr 22, 2013 9:49pm
Quoting 5percent
{quote} possible if u predicting a lower hi to be rejected on that trend-line. I was referring to the Friday's High @ 1.5370/80 zone, above there safer for no more lower hi. But that 1.5355 forecast might be valid, depending on if the price do manage to get that and touch that line, if it passes through, buy stops will be encouraged for break out from trend-line. Reason is that any where 1.5355-1.5370 can still be a lower high compared to Friday's High and will further put price in a range. Safer entry for stops would be after Friday's High. Will...
Yes,agreed
If there was easy money lying around,no one would be forcing it into your
  • #339,243
  • Apr 22, 2013 10:22pm Apr 22, 2013 10:22pm
Quoting livethedream
Short since 1.5285 with a nice size intra-day position. Looking to close the position at 1.5255 with a nice profit
Out with only a couple pips profit. Not sure what Londons gonna do.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #339,244
  • Apr 22, 2013 11:31pm Apr 22, 2013 11:31pm
No entries today, no loss or gain I think market might reverse in London or will have some pull up.
Trade according to current market condition, not what you think would be.
  • #339,245
  • Apr 23, 2013 12:04am Apr 23, 2013 12:04am
which side r you when London start, BULL or BEAR?
Attached Image
  • #339,246
  • Apr 23, 2013 12:55am Apr 23, 2013 12:55am
Maybe the bear will WIN this time in round one.
  • #339,247
  • Apr 23, 2013 12:56am Apr 23, 2013 12:56am
Quoting skyhawkps
Maybe the bear will WIN this time in round one.
round one, fight!
Attached Image (click to enlarge)
Click to Enlarge Name: australian-financial-review-bull-vs-bear-boxing-ring-4762.jpg Size: 57 KB
  • #339,248
  • Apr 23, 2013 1:15am Apr 23, 2013 1:15am
Main goal waiting: to Long from 1.5305. May turn short just under 1.53 if bull momentum don't catch on.
No other perspective for now, may miss both moves anyway and end without a trade on this pair today, UNLESS GU drop significantly to 61.8% Fibo 1.5177, may long there or 1.515
Today low price 1.5255 maybe just a correction to build on a higher low candle than yesterday for 1.5350 and 1.54 next goal.
Trade according to current market condition, not what you think would be.
  • #339,249
  • Apr 23, 2013 1:16am Apr 23, 2013 1:16am
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've suggested the Strong Sell/Buy Area yesterday, considering Down Trend from that area, and now after News i'm waiting the trend lines broken and find real week trend to have clear analysis for this week
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 67 KB
Don’t follow someone else’s trading advice blindly
  • #339,250
  • Apr 23, 2013 3:21am Apr 23, 2013 3:21am
Shorted 5286 TP 5220. Now dont enter cause news on the ways.
I would wait 5180. even 5150 today. Then will LONG

Got i feeling that soon 5200 will be broken
  • #339,251
  • Apr 23, 2013 3:31am Apr 23, 2013 3:31am
round one... is not over yet! so far Bear is beating the Bull badly.
  • #339,252
  • Apr 23, 2013 3:36am Apr 23, 2013 3:36am
Quoting Trader88q
Shorted 5286 TP 5220. Now dont enter cause news on the ways. I would wait 5180. even 5150 today. Then will LONG Got i feeling that soon 5200 will be broken
Hope so, short @ 1.5224 targeting 1.5175
When the facts change I change my mind, what do you do sir
  • #339,253
  • Edited 4:47am Apr 23, 2013 3:37am | Edited 4:47am
spikes on news so far, a close below 1.5200 then will send price lower likely, 1.5200 area looks like bid still exists so far, confluence of 23.6 .

A rebound to 1.5230/40 will validate the demand zone, else price is likely to go down further with on going negative sentiment datas from both eur and gbp and cny. should a rebound occur to 40, a higher lo can be spotted along 10/25 likely or after pull back 38.2 @ 1.5225. The data might not have the volatility to push price down so fast yet, as min 5 does not have a good marabuzo bear action to close under support level yet. Maybe only on new incoming fundamental.

Min 5 have a spikes action, with rather long shadow.
Attached Image (click to enlarge)
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  • #339,254
  • Apr 23, 2013 3:39am Apr 23, 2013 3:39am
Quoting 5percent
spikes on news so far, a close below 1.5200 then will send price lower likely, 1.5200 area looks like bid still exists so far, confluence of 23.6 . A rebound to 1.5230/40 will validate the demand zone, else price is likely to go down further with on going negative sentiment datas from both eur and gbp and cny. Min 5 have a spikes action, with rather long shadow. {image}
Don't think it will move up with the dollar strength, currently.
When the facts change I change my mind, what do you do sir
  • #339,255
  • Apr 23, 2013 3:42am Apr 23, 2013 3:42am
Quoting Pip Anon
{quote} Don't think it will move up with the dollar strength, currently.
to me is the strength of yen instead, as if u see clearly, gbpjpy, eurjpy and usdjpy all fell against yen.

if usd is strong, they won't sink in usdjpy.

eu gu and uj tend to move in the same direction as well, as eu gu gain strength and weakness from their gj ej brothers due to recent's volatility on yen.
  • #339,256
  • Apr 23, 2013 4:03am Apr 23, 2013 4:03am
Round One is OVER! Round Two will start shortly... after break!
  • #339,257
  • Edited 4:29am Apr 23, 2013 4:06am | Edited 4:29am
Hour 4 range's channel on GBPUSD.

Price has yet to close under the 1.5214/10 support. A bounce/close above hourly's resistance @ 1.5234/35 will then validate this demand zone. A lower lo after 1.5195 will have breakout to the downside on the card.

first minor resistance @ 1.5225 or pull back add on retrace. above 1.5225, stronger pullback likely.

38.2 of 1.5273/1.5196 of London's Session
Attached Image (click to enlarge)
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  • #339,258
  • Apr 23, 2013 4:09am Apr 23, 2013 4:09am
Quoting skyhawkps
Round One is OVER! Round Two will start shortly... after break!
Round One is OVER! Round Two will start shortly... after break!
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Click to Enlarge Name: australian-financial-review-bull-vs-bear-boxing-ring-4762.jpg Size: 57 KB
  • #339,259
  • Apr 23, 2013 4:13am Apr 23, 2013 4:13am
Quoting skyhawkps
{quote} Round One is OVER! Round Two will start shortly... after break! {image}
:] The bull will action
  • #339,260
  • Apr 23, 2013 4:14am Apr 23, 2013 4:14am
GU M15

small bounce...?
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