I think you are right. The only thing is with GBP rate anuncement with it no usually changing it will go up first to daily 50% fib @1.5606 or W_r1 @ 1.5628 then it will go south I think. iF IT GETS AS HIGH AS THE w_R2 then its going to head for the 1.57 mark and that where you would look for a reversal.
Cable Update (GBPUSD)
- #340,242
- Edited 5:51am May 9, 2013 5:27am | Edited 5:51am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #340,243
- May 9, 2013 5:44am May 9, 2013 5:44am
- | Membership Revoked | Joined Jun 2011 | 4,778 Posts
when GOD brings you a challenge he also gives you the power to deal with it
- #340,246
- May 9, 2013 6:04am May 9, 2013 6:04am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
pre rate decision analysis... this purple line in the sand at 1.5580 looks heavily defended until 1.5600
this area of 1.5580/5600 is gona act as a strong resistance.
post rate- watchout for kneejerk reaction.... give some time for dust to settle and read the BOE statement before saying bears have lost the game.
PS. after rates. looks to me GBPUSD went up and got hit in the face by a brick wall.... 1.5580 seems strong...
i wouldnt be surprised with Asian sovereign and BIS selling interest up there...
this area of 1.5580/5600 is gona act as a strong resistance.
post rate- watchout for kneejerk reaction.... give some time for dust to settle and read the BOE statement before saying bears have lost the game.
PS. after rates. looks to me GBPUSD went up and got hit in the face by a brick wall.... 1.5580 seems strong...
i wouldnt be surprised with Asian sovereign and BIS selling interest up there...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #340,248
- May 9, 2013 6:09am May 9, 2013 6:09am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
pre rate decision analysis... this purple line in the sand at 1.5580 looks heavily defended until 1.5600 this area of 1.5580/5600 is gona act as a strong resistance. post rate- watchout for kneejerk reaction.... give some time for dust to settle and read the BOE statement before saying bears have lost the game. {image} PS. after rates. looks to me GBPUSD went up and got hit in the face by a brick wall.... 1.5580 seems strong... i wouldnt be surprised with Asian sovereign and BIS selling interest up there...
im coming
- #340,249
- May 9, 2013 6:10am May 9, 2013 6:10am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #340,250
- May 9, 2013 6:12am May 9, 2013 6:12am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
{quote} im coming
Not so fast nav... i would've expected bulls to be in play if that interest rate decision managed to blast though 1.5580/5600 level... seems like the bulls are still not in play....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #340,251
- May 9, 2013 6:13am May 9, 2013 6:13am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} im coming
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #340,252
- May 9, 2013 6:18am May 9, 2013 6:18am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
{quote}
- #340,253
- May 9, 2013 6:19am May 9, 2013 6:19am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
{quote}
the any bearish move down now will be a nice 50-100 pip ride straight down... that is if the bears regain their appetite.. and ill tell you one thing... they have a big one with the lows at 1.48xx... they will definity try to drive this thing down, simply because theres lots of long orders down there to be absorbed...
pre rate decision analysis... this purple line in the sand at 1.5580 looks heavily defended until 1.5600 this area of 1.5580/5600 is gona act as a strong resistance. post rate- watchout for kneejerk reaction.... give some time for dust to settle and read the BOE statement before saying bears have lost the game. {image} PS. after rates. looks to me GBPUSD went up and got hit in the face by a brick wall.... 1.5580 seems strong... i wouldnt be surprised with Asian sovereign and BIS selling interest up there...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #340,254
- May 9, 2013 6:21am May 9, 2013 6:21am
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #340,255
- May 9, 2013 6:22am May 9, 2013 6:22am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
I can almost smell 5500 already.. but targeting 5530..
that is right u might smell not touch
- #340,256
- May 9, 2013 6:29am May 9, 2013 6:29am
- | Membership Revoked | Joined Jun 2011 | 4,778 Posts
I can almost smell 5500 already.. but targeting 5530..
smell more high comming....
but need to be more patient..
when GOD brings you a challenge he also gives you the power to deal with it
- #340,259
- May 9, 2013 6:40am May 9, 2013 6:40am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
{quote} saw my post with the chart? i did say to watchout of the Post rate knee jerk reaction.... position yourself wisely.... everything in my chart pointing to a bull exhaustion..... the any bearish move down now will be a nice 50-100 pip ride straight down... that is if the bears regain their appetite.. and ill tell you one thing... they have a big one with the lows at 1.48xx... they will definity try to drive this thing down, simply because theres lots of long orders down there to be absorbed... {quote}
Is this proof enough for you of how short I am
I am actually 6 2 lol
@inpatient here are my "shorts" buddy
lol
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #340,260
- May 9, 2013 6:41am May 9, 2013 6:41am
- | Membership Revoked | Joined Jun 2011 | 4,778 Posts
when GOD brings you a challenge he also gives you the power to deal with it