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Cable Update (GBPUSD)

  • #339,841
  • May 1, 2013 9:07am May 1, 2013 9:07am
london session of now us shift controll..
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,842
  • May 1, 2013 9:41am May 1, 2013 9:41am
Quoting Tradedly
Not too often seen -- major Fib confluence between majors to the hour: http://youtu.be/Z3jGr6srxjE
gr8.. now lets see if those fibs can hold down fomc and the rest of the coming news bundle from the US! right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,843
  • May 1, 2013 9:46am May 1, 2013 9:46am
Looks like it will pierce in to the highs...
5604, 5617/8, 5635/8 is the level to short
69
  • #339,844
  • May 1, 2013 10:20am May 1, 2013 10:20am
Looks like divergence to me...kind of looks like it's out of steam....
Quoting Likerty
Looks like it will pierce in to the highs... 5604, 5617/8, 5635/8 is the level to short
  • #339,845
  • May 1, 2013 10:47am May 1, 2013 10:47am
Likely to spike up first with rate announcements and maybe the drop or upward continuation. Just my thoughts as everyone waits for the big bang. lol
  • #339,846
  • May 1, 2013 11:01am May 1, 2013 11:01am
frenzy time
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,847
  • May 1, 2013 11:08am May 1, 2013 11:08am
Was in short and then closed it out at b/e not sure what to make of this after-news PA.
"If you won't risk the usual, you'll have to settle for the ordinary."
  • #339,848
  • May 1, 2013 11:13am May 1, 2013 11:13am
Im sitting on my hands for now. Possitions are hedged so makes no difference at the moment.
  • #339,849
  • May 1, 2013 11:52am May 1, 2013 11:52am
impact was low than i excepted...

but tomorrow great news/noise/false...will do the work...
when GOD brings you a challenge he also gives you the power to deal with it
  • #339,850
  • Edited 1:13pm May 1, 2013 12:00pm | Edited 1:13pm
trying another leg up but this time not that strong with every force & already have short at top now to see . expected a big wick at daily candle top today & so at least 5546 ( most important breaks for bear ) & 24/6 ( close 5531 welcome too, like below it though ) broken today if so to see next day turmoils .Next crazy support 5517 & 5343 before the breakdown when will do.
eu already but gold not broken 1439 , so to watch actions over before breaks or so or next short action .
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 31 KB
Click to Enlarge Name: gbpusdh4.png Size: 30 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #339,851
  • May 1, 2013 1:57pm May 1, 2013 1:57pm
Batsard wants to stick his nose above 5600 for one more time..
69
  • #339,852
  • May 1, 2013 3:21pm May 1, 2013 3:21pm
Quoting nAVIN2007
dont %$$% with da pound
I must admit,1 month ago, this I did not expect
Come with me if you want to live....
  • #339,853
  • May 1, 2013 3:50pm May 1, 2013 3:50pm
After the price finally broke through the 1.5250 resistance level and rallied past the 1.5500 with a base from the 12th March. I believe we are going to see a retracement now the price has touched the 34MA on the daily as well as the all important major resistance line dating back to Jan 2009.

My current position.

SHORT
Entry: 1.5600
Stop-Loss: 1.5750
Profit-Limit: 1.5300

If i have the minerals to hold it that low....... probably not

Gavin.
  • #339,854
  • Edited 4:56pm May 1, 2013 4:20pm | Edited 4:56pm
From one 50 fib to another for retest of support and broken mini TL?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 25 KB
Click to Enlarge Name: gbpusdh4.png Size: 30 KB
Come with me if you want to live....
  • #339,855
  • May 1, 2013 5:10pm May 1, 2013 5:10pm
Quoting Robby
Looks like divergence to me...kind of looks like it's out of steam....{quote}

I agree....... looks like its trying to squeeze out the last bit of upward movement left before it falls. Tehnicals and fundamentals appear to be pointing straight down now. Any thoughts Robby?
  • #339,856
  • May 1, 2013 5:15pm May 1, 2013 5:15pm
Yep...the very short term stuff tell me we are just about out of the will to move up! I just added to my short here at 1.5565. If it dose move up to 1.57xx then I will add again. It really dose look like this is coming to the end of this move...
Quoting TaoTrader
{quote} I agree....... looks like its trying to squeeze out the last bit of upward movement left before it falls. Tehnicals and fundamentals appear to be pointing straight down now. Any thoughts Robby?
  • #339,857
  • May 1, 2013 5:22pm May 1, 2013 5:22pm
Quoting Robby
Yep...the very short term stuff tell me we are just about out of the will to move up! I just added to my short here at 1.5565. If it dose move up to 1.57xx then I will add again. It really dose look like this is coming to the end of this move...{quote}
I've been anticipating the short move for a while. Ideally I like to catch the entire 5 wave movement. Too bad I don't have enough capital for a high dollar position trade to last several months or longer. That's my goal to move from swing trading to position trading. How about you do you trade daily, swing or position.
  • #339,858
  • May 1, 2013 5:42pm May 1, 2013 5:42pm
Like I mentioned yesterday emotions and risk aversion allow us to accurately predict where the market moves on a regular basis. In my opinion, from a broad perspective Europe's problems continue to push the dollar higher, and the technical side confirms this as well. I see the dollar continually strengthening over the course of this year. All the talk about the dollar being replaced as a reserve currency and the idea that it is tanking have been proven wrong time and time again. Honestly, at the end of the day the value of currencies are what we make them, and I believe society had made the dollar too strong and thus its position at the top of so many areas of the financial world.
  • #339,859
  • May 1, 2013 5:43pm May 1, 2013 5:43pm
I am doing position trade right now. If I get bored and I have nothing to do I will do swing trades. Right now I do not have time to watch stuff. So I am just building a position for the next move down. Trying to avg my way into the top of the current move.
Quoting TaoTrader
{quote} I've been anticipating the short move for a while. Ideally I like to catch the entire 5 wave movement. Too bad I don't have enough capital for a high dollar position trade to last several months or longer. That's my goal to move from swing trading to position trading. How about you do you trade daily, swing or position.
  • #339,860
  • May 1, 2013 5:47pm May 1, 2013 5:47pm
As far as dollar being replaced as the reserve currency. When the US is not the biggest in the group money wise then the reserve currency will go away at that time! Until then it will not. You want to hold the money of your biggest buyer. Currently it is the US before it was England. Who it will be next, no one really knows!
Quoting TaoTrader
Like I mentioned yesterday emotions and risk aversion allow us to accurately predict where the market moves on a regular basis. In my opinion, from a broad perspective Europe's problems continue to push the dollar higher, and the technical side confirms this as well. I see the dollar continually strengthening over the course of this year. All the talk about the dollar being replaced as a reserve currency and the idea that it is tanking have been proven wrong time and time again. Honestly, at the end of the day the value of currencies are what we...
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