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Cable Update (GBPUSD)

  • #340,181
  • May 8, 2013 8:04am May 8, 2013 8:04am
Quoting skyhawkps
{quote} yea I see that... but you should consider the MACD also in your chart, so you can tell the volume of trends... getting weak or strong. That's only my opinion.
Yep, we below signal line on weekly an monthly.

I think tomorrows gbp news could send us south before Ben sends us north on Friday

But won't know till we get there.

Come with me if you want to live....
  • #340,182
  • May 8, 2013 8:11am May 8, 2013 8:11am
Today is 8th of May and we have still three weeks. lol

Quoting Ill-b-back
{quote} What am I looking for? Monthly is bullish and weekly indecisive {image} {image}
  • #340,183
  • May 8, 2013 8:18am May 8, 2013 8:18am
the bull is getting weak... maybe his just want to calm down before he start fighting again the bear.
  • #340,184
  • May 8, 2013 8:25am May 8, 2013 8:25am
Quoting Maso
Today is 8th of May and we have still three weeks. lol {quote}
Precisely, so I don't know how we can read the monthly candle yet when it is so young

3 weeks is plenty of time to reach the RED daily and weekly 200SMA at 5780 and the 61.8 retrace and TL confluences no?



lol...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 36 KB
Click to Enlarge Name: gbpusdweekly.png Size: 42 KB
Come with me if you want to live....
  • #340,185
  • May 8, 2013 8:29am May 8, 2013 8:29am
Quoting skyhawkps
the bull is getting weak... maybe his just want to calm down before he start fighting again the bear.
That's what I see on the daily

52 looks very tough to me
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 25 KB
Come with me if you want to live....
  • #340,186
  • May 8, 2013 8:30am May 8, 2013 8:30am
Quoting Ill-b-back
{quote} Precisely, so I don't know how we can read the monthly candle yet when it is so young 3 weeks is plenty of time to reach the RED daily and weekly 200SMA at 5780 and the 61.8 retrace and TL confluences no? lol... {image} {image}

u cant sleep ha?
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,187
  • May 8, 2013 8:34am May 8, 2013 8:34am
Quoting eitan1010
{quote} u cant sleep ha?
Hey Eitan

lol...

nope

Those weekly bull candles still look very strong

I wouldn't like to sell looking for new lows below 48 into this
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdweekly.png Size: 38 KB
Come with me if you want to live....
  • #340,188
  • May 8, 2013 8:35am May 8, 2013 8:35am
this only a bad thing to my broker... I can't hedge!
  • #340,189
  • May 8, 2013 8:46am May 8, 2013 8:46am
Quoting Robby
I would love to see 57! I would tack on 25 lots if it did make it that high to my short position!{quote}
this only a bad thing to my broker... I can't hedge!
  • #340,190
  • May 8, 2013 8:48am May 8, 2013 8:48am
Ok.. 5500 blasted out of the way. waiting to see the reaction at 5560..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,191
  • May 8, 2013 9:03am May 8, 2013 9:03am
going short small position s.l at high price of day tp 20 pip

let see..
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,192
  • May 8, 2013 9:10am May 8, 2013 9:10am
Quoting eitan1010
going short small position s.l at high price of day tp 20 pip let see..
Added annother small short position at 1.5536.
  • #340,193
  • May 8, 2013 9:42am May 8, 2013 9:42am
S.L hit...stoped out i will wait for tomorrow all news will shake this cable and maybe will bring direction..
when GOD brings you a challenge he also gives you the power to deal with it
  • #340,194
  • May 8, 2013 10:22am May 8, 2013 10:22am
Quoting baherhosni
Ok.. 5500 blasted out of the way. waiting to see the reaction at 5560..
5500 blasted away out of no reason... feels to me market is pricing in interest rate decision right now...
or its the 4PM london fixing happeening now.... but overall, doesnt affect my bearish stance until we broke above the Daily EMA 200
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,195
  • May 8, 2013 10:30am May 8, 2013 10:30am
Quoting fxtyrant
{quote} 5500 blasted away out of no reason... feels to me market is pricing in interest rate decision right now... or its the 4PM london fixing happeening now.... but overall, doesnt affect my bearish stance until we broke above the Daily EMA 200
Short if level 15600 attacked
  • #340,196
  • May 8, 2013 10:34am May 8, 2013 10:34am
Quoting ForexRatVN
{quote} Short if level 15600 attacked
i just loaded another unit of short at 1.5580, 1.5650 is key to remain bearish though....

i could be totally wrong thought but best thing is i have the patience.... , and im sure in the future that GBPUSD will retest the 1.48xx lows some day....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,197
  • May 8, 2013 10:58am May 8, 2013 10:58am
Your right FX ,I just took short 15580 ,hourly will be lovely pin ,£ has moved up my bearish list
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,198
  • May 8, 2013 11:02am May 8, 2013 11:02am
the aud tho !
d1 close under bears are coming big time
Attached Image (click to enlarge)
Click to Enlarge Name: audlfxweekly 8-5-13 n0 2.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,199
  • May 8, 2013 11:09am May 8, 2013 11:09am
Nav always says don't "mess" with the Pound!

But its not the Pound whom we shouldn't mess with.. I think its Nav's own sentiment (bullish) which is not to be messed with!!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,200
  • May 8, 2013 11:11am May 8, 2013 11:11am


Quoting iqyu5an
hahhaa truuuuuuuueeeeeee i was bearish for this pair but starts seeing this pair is making kind like hmmmmmmm bull flag.... but not sure also. let see how weekly candle first next week {quote}
not euphoria follower
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