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Cable Update (GBPUSD)

  • #339,801
  • May 1, 2013 2:38am May 1, 2013 2:38am
Quoting Likerty
5578/83 is my sweet selling spot for 5380's
how u can say this....? give your work on that ...
If you are brave enough to control your emotions, you can trade well....
  • #339,802
  • May 1, 2013 2:59am May 1, 2013 2:59am
Quoting Trader88q
looks like GU will go 5600 today
I am also expecting that level to try a short trade .
  • #339,803
  • May 1, 2013 3:01am May 1, 2013 3:01am
If the next two news releases come out as expected then its likely to go north for a bit and if its better thanexpected on gbp M PMI and worse on Non farm then the momentum will be stronger. I have my position hedged at 1.5536 and will wait after the releases to make my call. I am still focussed on shorting cable but just a carefull with the news today and tomorrow. Also dont like Non Farm cause if you on the wrong side of it you will be jumping off the walls.
  • #339,804
  • May 1, 2013 3:33am May 1, 2013 3:33am
Quoting WilliamDa
{quote} I am also expecting that level to try a short trade .
Be very, very careful. Monthly/weekly/daily/4HR all pointing up. Could just blow right through there without any time for shorts to react.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #339,805
  • May 1, 2013 3:33am May 1, 2013 3:33am
There goes cable north. Arrrr. But will get a better entry point for short so its allways possitive.
  • #339,806
  • May 1, 2013 3:35am May 1, 2013 3:35am
hope everyone has a trigger finger on a gd entry upward ! let the pounds roll in to yer account !
  • #339,807
  • May 1, 2013 3:38am May 1, 2013 3:38am
Quoting ferreira1239
There goes cable north. Arrrr. But will get a better entry point for short so its allways possitive.
we have broken the high of last month thou it maybe temporary..but that isnt good for u..why are u so short bias?
  • #339,808
  • May 1, 2013 3:41am May 1, 2013 3:41am
bear territory now... Go... go... go!
  • #339,809
  • May 1, 2013 3:42am May 1, 2013 3:42am
Quoting skyhawkps
bear territory now... Go... go... go!

u crazy..
Id b thinking theres a ton of short entries around 1.59 those stops are likely to be guned down
  • #339,810
  • May 1, 2013 3:46am May 1, 2013 3:46am
Quoting nAVIN2007
{quote} u crazy.. Id b thinking theres a ton of short entries around 1.59 those stops are likely to be guned sown
Don't you mean "you cray." All the cool kids are saying it.

http://www.urbandictionary.com/defin...erm=you%20cray
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #339,811
  • May 1, 2013 3:48am May 1, 2013 3:48am
Quoting zusch
{quote} Don't you mean "you cray." All the cool kids are saying it. http://www.urbandictionary.com/defin...erm=you%20cray

thx will add to the dictionary
  • #339,812
  • May 1, 2013 3:53am May 1, 2013 3:53am
GU W1

down boy!
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  • #339,813
  • May 1, 2013 3:59am May 1, 2013 3:59am
NFP may see the cable shooting to 1.6300 because no good data from the US is expected
The fragrance remains in the hands of those that gves the rose
  • #339,814
  • May 1, 2013 3:59am May 1, 2013 3:59am
Rematch!
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  • #339,815
  • May 1, 2013 4:02am May 1, 2013 4:02am
Major trend is down and we are close to the 50% fib retracment
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  • #339,816
  • May 1, 2013 4:02am May 1, 2013 4:02am
touch and correct
Attached Image (click to enlarge)
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  • #339,817
  • May 1, 2013 4:25am May 1, 2013 4:25am
my point of view for cable....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 47 KB
If you are brave enough to control your emotions, you can trade well....
  • #339,818
  • May 1, 2013 4:30am May 1, 2013 4:30am
ok I released my hedge at 1.5585 for short and will hedge it again before US news and get gist of whats happeng and when to release the hedge again. In the mean time i may make a few pips but will protect my position. Like your pic bestgoldfx its over a longer time period so it makes sense as it would be stronger at that level for a short.
  • #339,819
  • May 1, 2013 4:38am May 1, 2013 4:38am
i think a good place to look for a nice short is 610-630. that is a confluence of a major res, 50% fib and daily 200ema

imo, it is due for a bit of a correction.

cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,820
  • May 1, 2013 4:44am May 1, 2013 4:44am
from what i see from the chart most trading is either range or breakout. the fundies are triggering the breakouts, otherwise its a ping pong game in a range of multiple ranges depending where the price rests after the breakout fuss is over. its been like that for some time. since the 5100s as far as i see and remember.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
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