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Cable Update (GBPUSD)

  • #340,321
  • May 9, 2013 9:51am May 9, 2013 9:51am
Quoting Bones
Lol {quote}
it's not only the m15 butterfly man, it's also this ... we are exactly a the cross of the red and green channel
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  • #340,322
  • May 9, 2013 9:54am May 9, 2013 9:54am
Quoting fxtyrant
{quote} might be a stretch but anything could happen at London close....
tanx..

or maybe I need to pray for it...
  • #340,323
  • May 9, 2013 9:54am May 9, 2013 9:54am
Quoting -sonny-
{quote} it's not only the m15 butterfly man, it's also this ... we are exactly a the cross of the red and green channel {image}
Suggestion - take all those lines off the chart and you might be able to see where you going.
  • #340,324
  • May 9, 2013 9:55am May 9, 2013 9:55am
Ok


Quoting -sonny-
{quote} it's not only the m15 butterfly man, it's also this ... we are exactly a the cross of the red and green channel {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,325
  • May 9, 2013 10:06am May 9, 2013 10:06am
Quoting claudia1
{quote} lol 'a bit of a stretch'. We got atr around 100 pips today and bouncing around major level. Day is over. Enjoy reading your posts by the way.
indeed, i try to incorporate some sarcasm in these forums, otherwise ill be as boring as jack... dont wana be all work and no play...
anyways we have these for stats for you.

Daily Range 102 pips
Previous Day Range 120 Pips
5 Day av Range 103 pips
10 day av range 106 pips
30 day av range 104 pips

So yea i guess you can say the day maybe over but, ive seen GBPUSD make daily range of 200 pips before in my life... in fact during my trading years i have actually seen a 350+ pip daily candle on a GBPUSD.... sooo yea
is it "a bit of a stretch"? ill let you decide

anyways i appreciate your kind words claudia always hope someone finds my post usefull or insightful, lately ive also tried to post some videos as i find it easier to explain my analysis, but i stutter a lot since im not used to it...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,326
  • May 9, 2013 10:08am May 9, 2013 10:08am
Quoting claudia1
{quote} Suggestion - take all those lines off the chart and you might be able to see where you going.
indeed.... and i thought my charts were bad....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,327
  • May 9, 2013 10:13am May 9, 2013 10:13am
Back to basic..

Today range only 102..
Normal is 120..
Last range more than 180 is on 25/04

Can be today's range 180?..
  • #340,328
  • May 9, 2013 10:15am May 9, 2013 10:15am
Quoting fida
Back to basic.. Today range only 102.. Normal is 120.. Last range more than 180 is on 25/04 Can be today's range 180?..
be careful what you wish for.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,329
  • May 9, 2013 10:15am May 9, 2013 10:15am
Quoting fxtyrant
{quote} indeed.... and i thought my charts were bad....
those lines are here since the begining of the month as you can see here http://www.forexfactory.com/attachme...0&d=1367506631

it's seems that the market like my lines
  • #340,330
  • May 9, 2013 10:20am May 9, 2013 10:20am
Quoting claudia1
{quote} lol 'a bit of a stretch'. We got atr around 100 pips today and bouncing around major level. Day is over. Enjoy reading your posts by the way.
You must read what just happened to make real pips
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #340,331
  • May 9, 2013 10:22am May 9, 2013 10:22am
Quoting -sonny-
{quote} those lines are here since the begining of the month as you can see here http://www.forexfactory.com/attachme...0&d=1367506631 it's seems that the market like my lines
im not saying they're useless.. im saying its quite hard for some untrained eyes to understand your charts....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,332
  • May 9, 2013 10:29am May 9, 2013 10:29am
Quoting baherhosni
{quote} who is entering long?! EDIT: Maso.. where are you pal? it is your time to shine buddy..


They call him Maso, Maso the bear, everyone knows his name
Money never sleeps...
  • #340,333
  • May 9, 2013 10:46am May 9, 2013 10:46am
Quoting fxtyrant
{quote} indeed, i try to incorporate some sarcasm in these forums, otherwise ill be as boring as jack... dont wana be all work and no play... anyways we have these for stats for you. Daily Range 102 pips Previous Day Range 120 Pips 5 Day av Range 103 pips 10 day av range 106 pips 30 day av range 104 pips So yea i guess you can say the day maybe over but, ive seen GBPUSD make daily range of 200 pips before in my life... in fact during my trading years i have actually seen a 350+ pip daily candle on a GBPUSD.... sooo yea is it "a bit of a stretch"?...
hey, i seen 200 pip moves in just 4 hours.. not to mention 100 pip gaps!!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,334
  • May 9, 2013 10:50am May 9, 2013 10:50am
Quoting inpatient
{quote} They call him Maso, Maso the bear, everyone knows his name
yeah where is he?

hey navin, don't just stop posting cuz we had a bearish move buddy.. you're the man with the "long" breath.. you always work your way out of the dives right?
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,335
  • May 9, 2013 11:07am May 9, 2013 11:07am
Quoting baherhosni
{quote} yeah where is he? hey navin, don't just stop posting cuz we had a bearish move buddy.. you're the man with the "long" breath.. you always work your way out of the dives right?
Hey Buddies!

I'm always with you all. I'm monitoring all majors. Yes, I'm still bearish on cable targeting 1.50 and 1.45 but I try to keep away posting in the forum because I have a long term view and my posts may cause some conflicts for those who are scalping.

As I said, the BOE and particularly Melvin King want a weak currency. They could manage their growth on GDP through this approach. Although cable may go higher as correlation with other majors and tough 1.57 but not as a bullish move.The pair may fluctuate between 1.55 and 1.50 during this summer. I do agree with Navin that says it will rise to the heaven and touch 1.70 but not now but maybe 6 month later.

I can see that GJ has reached to a top position. So, cable may stay aside. EU and EG could be bullish.

Good Luck!
  • #340,336
  • May 9, 2013 11:34am May 9, 2013 11:34am
Soooo it seems gbpusd still stuck around this 1.5490/1.55 region.... Boy does the market like to consolidate at these sucker zones to attract clueless retail traders ie intra day buyers who thinks 1.55 is a support

Heres my advice
For bulls.... Dont be caught out as a sucker and longing now.... Really bad idea as risk reward is against you
For bears... Those who shorted at 1.5580, dont go adding more position atsucker zone around 1.5500, be payient and hold on to your existing trade, adjust SL lower to protect profits as market moves lower

Peace folks! Gona take a quick afternoon nap
Had a great afternoon, read another chapter of a book called "against the gods" by peter bernstein, brilliant book about human perception to risk and the evolution of risk management
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #340,337
  • Edited 11:57am May 9, 2013 11:34am | Edited 11:57am
Quoting Maso
{quote} Hey Buddies! I'm always with you all. I'm monitoring all majors. Yes, I'm still bearish on cable targeting 1.50 and 1.45 but I try to keep away posting in the forum because I have a long term view and my posts may cause some conflicts for those who are scalping. As I said, the BOE and particularly Melvin King want a weak currency. They could manage their growth on GDP through this approach. Although cable may go higher as correlation with other majors and tough 1.57 but not as a bullish move.The pair may fluctuate between 1.55 and 1.50 during...
good to see you around without grabbing my neck buddy
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,338
  • May 9, 2013 11:36am May 9, 2013 11:36am
Quoting fxtyrant
Soooo it seems gbpusd still stuck around this 1.5490/1.55 region.... Boy does the market like to consolidate at these sucker zones to attract clueless retail traders ie intra day buyers who thinks 1.55 is a support Heres my advice For bulls.... Dont be caught out as a sucker and longing now.... Really bad idea as risk reward is against you For bears... Those who shorted at 1.5580, dont go adding more position atsucker zone around 1.5500, be payient and hold on to your existing trade, adjust SL lower to protect profits as market moves lower Peace...
sounds interesting.. will look it up,.. enjoy..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #340,339
  • May 9, 2013 12:01pm May 9, 2013 12:01pm
Quoting baherhosni
{quote} good to see you around without grabbing my neck buddy
I'm happy to see you so energetic . These huge fluctuations usually make traders being nervous.
  • #340,340
  • May 9, 2013 12:11pm May 9, 2013 12:11pm
The new USD report may send cable to 1.52.
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Marbas