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Cable Update (GBPUSD)

  • #341,021
  • May 15, 2013 5:36am May 15, 2013 5:36am
Quoting fontu
{quote} Actually should do and target set before that level but seeing the market crush , specially eu , logic placed before , , planned carry out to the the lows at the time eu may get near 2771.perhaps ,levels below be 0.9810,0.9739 ( all are higher tf closewise) level but low can be as low as 0.9581 next support ( daily close level at 0.9930 already breached with yesterday close> strong daily tf bear) .next bounce can be the parity from there . Anyway all progress are good & waiting eu at 2771 to close them all for the probable bounce ,jump &...
the AUDCHF trade taken yesterday doing well
EURAUD too... looking for EURAUD to make a big move down though...
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: 20130515.1034.gmt.euraud.daily.png Size: 46 KB
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,022
  • May 15, 2013 5:37am May 15, 2013 5:37am
Quoting Ill-b-back
{quote} Trust me, there's no way on Gods earth I am bullish at the moment, I have a pending sell. Got to go, off to the movies.
have a nice time at the movies
i on the other hand need to get to uni later today :/
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,023
  • May 15, 2013 5:47am May 15, 2013 5:47am
Quoting fxtyrant
{quote} have a nice time at the movies i on the other hand need to get to uni later today :/
Here is hoping your skills their are as good as it is on forex
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,024
  • May 15, 2013 5:52am May 15, 2013 5:52am
Quoting baherhosni
{quote} Here is hoping your skills their are as good as it is on forex
My skills is directly related to my forex dude...
im Majoring in Global Financial Management...
of course i have to know well about portfolio management, bond pricing, real estate investment management...
if theres anything i lack knowledge and im interested to learn would be Options Trading. something like i bet 1 unit that the stock price will reach target within a certain timeframe... if i win, exponential winnings whereas loss is only losing 1 unit...
but that means you are quite often wrong or quite often market just doesnt reach your target in time....
i think options trading is 90 days to expiry ...

for forex trading you can get away with the timeframe you trade.... and you would be forgiven... but not Options... you have to be really precise trading options...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,025
  • May 15, 2013 5:53am May 15, 2013 5:53am
Quoting fxtyrant
{quote} the AUDCHF trade taken yesterday doing well EURAUD too... looking for EURAUD to make a big move down though... {image} {image}
not think so euraud , going big up towards 1.4500 , inverted HS.chart afterwards . Impending break 1.3111 next test.so careful any shorts if .
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 27 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,026
  • May 15, 2013 5:55am May 15, 2013 5:55am
Quoting fontu
{quote} not think so euraud , going big up towards 1.4500 , inverted HS.chart afterwards . Impending break 1.3103 next test. fontu
yea im ready to get closing if it does crack upwards... but atleast i have yesterday's short covered... the other one... meh ready to take a hit on that.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,027
  • May 15, 2013 6:03am May 15, 2013 6:03am
Quoting fxtyrant
{quote} yea im ready to get closing if it does crack upwards... but atleast i have yesterday's short covered... the other one... meh ready to take a hit on that.
ok , 2950-32 can get easy perhaps but this scalping can be costly.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #341,028
  • May 15, 2013 6:05am May 15, 2013 6:05am
Quoting fontu
{quote} ok , 2950-32 can get easy perhaps but this scalping can be costly. fontu
i should be able to break even on my first short on EURAUD then profit on the 2nd short
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,029
  • May 15, 2013 6:11am May 15, 2013 6:11am
i am looking close shot at 1.5190
Attached Image(s) (click to enlarge)
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  • #341,030
  • May 15, 2013 6:26am May 15, 2013 6:26am
Quoting fxtyrant
{quote} My skills is directly related to my forex dude... im Majoring in Global Financial Management... of course i have to know well about portfolio management, bond pricing, real estate investment management... if theres anything i lack knowledge and im interested to learn would be Options Trading. something like i bet 1 unit that the stock price will reach target within a certain timeframe... if i win, exponential winnings whereas loss is only losing 1 unit... but that means you are quite often wrong or quite often market just doesnt reach your...

Your major makes perfect sense to me now. Good luck with that and with options mate..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,031
  • May 15, 2013 6:36am May 15, 2013 6:36am
From what I see on my charts, here are what I think are our boundaries for today whichever direction the markets goes:

Max North 5300
Max South 5140

That is if the market wants to keep the nested HS pattern intact.

Cheers
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,032
  • May 15, 2013 6:59am May 15, 2013 6:59am
Well. I see a nested HS pattern shown here by both the blue and red outlines:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-2013005151355-1b2.jpg Size: 86 KB


The probable test at 5140 was not drawn in the image!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,033
  • May 15, 2013 7:06am May 15, 2013 7:06am
Quoting Hamidtraders
This is hitting 1.51900 today or more likely tomorrow imho
Isn't it great being right all the time 1.50000 here we come
  • #341,034
  • Edited 7:36am May 15, 2013 7:23am | Edited 7:36am
Quoting baherhosni
Well. I see a nested HS pattern shown here by both the blue and red outlines: {image} The probable test at 5140 was not drawn in the image!
Ehehehe, ur just copying me....
but

Perhaps the bulls could listen my advice next time...

And look see why i said im eyeing at 1.52 to provite temp support....
My analysis is right.... Bottom range of the right shoulder proving difficult to break... For now ahahaha
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,035
  • May 15, 2013 7:44am May 15, 2013 7:44am
Quoting fxtyrant
{quote} Ehehehe, ur just copying me.... but Perhaps the bulls could listen my advice next time... And look see why i said im eyeing at 1.52 to provite temp support.... My analysis is right.... Bottom range of the right shoulder proving difficult to break... For now ahahaha
We hit the 5200 then some more lol easy money
  • #341,036
  • May 15, 2013 7:44am May 15, 2013 7:44am
Quoting Hamidtraders
{quote} Isn't it great being right all the time 1.50000 here we come


not today!!!
when GOD brings you a challenge he also gives you the power to deal with it
  • #341,037
  • May 15, 2013 7:54am May 15, 2013 7:54am
I am out now. I am just waiting the cable to bounce and retest 1.5390. It is a good level to go short
  • #341,038
  • May 15, 2013 7:55am May 15, 2013 7:55am
Im remaining bearish on the gbpusd
Mervyn king and the jobs data in uk were disappointing
The fact that 1.52 couldnt break on these bad news tells me we' gona be consolidating in the range of 1.52-1.5350
Right shoulder range
The fact we couldnt break below means the big boys want to hunt those orders within this range before driving this baby down
Bulls watch ur asses
Scalpers, take advantage of this range
Bears, be patient 1.50 and 1.4850 is in the cards
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,039
  • May 15, 2013 8:03am May 15, 2013 8:03am
Where next? Bounce of the the 50 area back to the 5200 - order in here we go.
  • #341,040
  • May 15, 2013 8:07am May 15, 2013 8:07am
Quoting claudia1
Where next? Bounce of the the 50 area back to the 5200 - order in here we go.
Ikinda made a post saying read the post where i said the big boys interested to move market in this right shoulder range
Plenty orders for them to play with
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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