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Cable Update (GBPUSD)

  • #339,821
  • May 1, 2013 4:58am May 1, 2013 4:58am
Cable seems to be holding strong. Too many Buyers in the market still and do not want to release their long positions. Hedging again at 1.5571 as I thought it would be mutch lower by now at least 1.5550. will wait for US news in the next 2.5 hours. better get on with my day job. lol
  • #339,822
  • May 1, 2013 5:35am May 1, 2013 5:35am
dont %$$% with da pound
  • #339,823
  • May 1, 2013 5:51am May 1, 2013 5:51am
Quoting nAVIN2007
dont %$$% with da pound
Yep.. It always walks on the extremes
69
  • #339,824
  • May 1, 2013 5:53am May 1, 2013 5:53am
Hi Chaps

Just want to ask you all on your experience from brokers. Whenever the is a fast move up or down i.e breakout my system disconnects from the internet. And when I get to reconnect again the price has moved quite far sometimes in my direction and sometimes not. Its doing my head in. Just wondering if its only me that experience this or are there others. Does not seem right to me.
  • #339,825
  • May 1, 2013 5:59am May 1, 2013 5:59am
update : http://www.forexfactory.com/showthre...53#post6648953

up continues till daily top perhaps .

eu not broken 3201 yet against great daily intention in the recent past. ok if even breaks then also a correction likely ,may coincide with gu one/present top formation .An opportunistic bear like may be getting fully ready take action soon , eu matures , gu soon , ok , GOLD ok breaking 61.
Notes usdcad broken 1.0054 & likely immediate bull action lost & likely min test parity & low 0.9985 , next level may to 0.9787 , hope not just ,just break parity may take action!!

fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #339,826
  • May 1, 2013 6:55am May 1, 2013 6:55am
Quoting fontu
update : http://www.forexfactory.com/showthre...53#post6648953 up continues till daily top perhaps . eu not broken 3201 yet against great daily intention in the recent past. ok if even breaks then also a correction likely ,may coincide with gu one/present top formation .An opportunistic bear like may be getting fully ready take action soon , eu matures , gu soon , ok , GOLD ok breaking 61. Notes usdcad broken 1.0054 & likely immediate bull action lost & likely min test parity & low 0.9985 , next level may to 0.9787 , hope not...
I agree , unless the news is very bad for US and it break the main channel and it become support but it should better this time we'll see.
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  • #339,827
  • May 1, 2013 8:26am May 1, 2013 8:26am
seems everyone is so busy watching the price!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,828
  • May 1, 2013 8:39am May 1, 2013 8:39am
Quoting baherhosni
seems everyone is so busy watching the price!

huge change will came in about four and ahalf hour from now

just my opinion
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,829
  • May 1, 2013 8:54am May 1, 2013 8:54am
Quoting eitan1010
{quote} huge change will came in about four and ahalf hour from now just my opinion

oops sorry will come...
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,830
  • May 1, 2013 9:07am May 1, 2013 9:07am
Quoting eitan1010
{quote} oops sorry will come...
ok.. i will be looking out for that!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,831
  • May 1, 2013 9:23am May 1, 2013 9:23am
at the moment with the current news releases I would have thought it would go through the roof. think the market is waiting for the fomc and the rate announcements
  • #339,832
  • May 1, 2013 9:25am May 1, 2013 9:25am
Quoting ferreira1239
at the moment with the current news releases I would have thought it would go through the roof. think the market is waiting for the fomc and the rate announcements

defenetly my opinion too
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,833
  • May 1, 2013 9:41am May 1, 2013 9:41am
Now gbpusd is going down. This all does not make sense today.
  • #339,834
  • May 1, 2013 9:54am May 1, 2013 9:54am
So, GU is falling b/c of all the massive Sell Limit orders set at the 50% fib (1.559001.5600)? Despite having run up on the last few weak USD prints?
  • #339,835
  • May 1, 2013 9:56am May 1, 2013 9:56am
?

plz check the divergence and there's big bearish abcd pattern plus 3 drive pattern also

just imho

Quoting iqyu5an
yap bro.. i see 3 drive bearish setup in weekly for kiwi already ( last week once it hits the ratio.. she drop instantly..well now could be re testting resistance zone first before any drop ) . in gu.. similar thing i see 3 drives bearish setup in daily already also. but those are technical.... grhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh am not fundamentalist............................ {quote}
Quoting ferreira1239
Now gbpusd is going down. This all does not make sense today.
not euphoria follower
  • #339,836
  • Edited 10:26am May 1, 2013 9:56am | Edited 10:26am
Quoting ferreira1239
Now gbpusd is going down. This all does not make sense today.
i see it in a different way.. i think what is happening is that 590 stood for the pressure that was on it until now. i agree with the ppl saying that the market is waiting for the rest of the news to find their bearing on what to do with the dollar. i agree with eitan that we still need to wait and see. and i think that 610 to 620 may still be the coming frontier if a new high is to arise. otherwise, unlike Maso's opinions , a journey to the south should not be a smooth ride given the news and the number of strong range levels that we passed through..

anyway.. let us watch and see..

cheers

edit: btw, i am talking about 5610 to 5620!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,837
  • May 1, 2013 10:04am May 1, 2013 10:04am
Cable is in critical zone ...
waiting for trigger !
Attached Image (click to enlarge)
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Yahoo Id: arash_yashil
  • #339,838
  • May 1, 2013 10:31am May 1, 2013 10:31am
my thinking for now its look like going down abit to go up to high day level and beyond in the rest of today news the big
one the meeting...

just my thinking..

lets see in about 2 and half hour..
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,839
  • Edited 10:48am May 1, 2013 10:37am | Edited 10:48am
Pound already hinted about upcoming retracement, but not confirmed yet. Current levels are good enough from R;R perspective to target 5400's risking the highs.
If highs goes, 5630's next
69
  • #339,840
  • May 1, 2013 11:03am May 1, 2013 11:03am
Quoting Likerty
Pound already hinted about upcoming retracement, but not confirmed yet. Current levels are good enough from R;R perspective to target 5400's risking the highs. If highs goes, 5630's next
why not 5650 or 5670 ?
technically perfect time to short but i see that strong bulls want more.
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