Cable Update (GBPUSD) | Page 17070 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #341,381
  • May 21, 2013 10:23am May 21, 2013 10:23am
This is the story of cable and its circles during three years. Its bases has been moved from 1.52 to 1.48 for now. Then, at the end of Q2 ~ Q4 it may be installed lower at 1.45 level!


Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 220 KB
  • #341,382
  • May 21, 2013 10:24am May 21, 2013 10:24am
Quoting fxtyrant
{quote} how are your long trades bro? still holding up? hopefully you're patient enough like i know you to be, cuz this thing looks ready to dip again...
This zone sucks alright.. hehe..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,383
  • May 21, 2013 10:25am May 21, 2013 10:25am
Quoting baherhosni
{quote} This zone sucks alright.. hehe..
Be patient and confident mate !
  • #341,384
  • May 21, 2013 10:26am May 21, 2013 10:26am
Quoting fxtyrant
{quote} you might need to wait a few more months... :/

i really dont care abt the duration..so long as the mofo goes there..but after damnit im not doing, this this type of trading..
  • #341,385
  • May 21, 2013 10:32am May 21, 2013 10:32am
Quoting Maso
{quote} Be patient and confident mate !

i forecast this is the bottom..lets see
  • #341,386
  • May 21, 2013 10:37am May 21, 2013 10:37am
Quoting nAVIN2007
{quote} i forecast this is the bottom..lets see
What's Your Target , Nav ..( To the Up side ..)
  • #341,387
  • May 21, 2013 10:39am May 21, 2013 10:39am
Quoting nAVIN2007
{quote} i forecast this is the bottom..lets see

I am thinking res at 51900-2000 will not be easy to break bro...
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #341,388
  • May 21, 2013 10:40am May 21, 2013 10:40am
Quoting baherhosni
{quote} This zone sucks alright.. hehe..
ive explained before that the idea of a sucker zone is that market will sort of fool people at that region to enter trade...
the fact that GBPUSD was already moving down from 1.56, the approach to the sucker zone this time at 50% is one that's gona trap A LOT of BULLS...
and now you see why....
been pretty much warning bulls dont long dont long dont long...
i guess you see how significant it is not to be entering trades at sucker zones....

i wonder how -sonny-'s doing...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,389
  • May 21, 2013 10:40am May 21, 2013 10:40am
Quoting taomql4
{quote} What's Your Target , Nav ..( To the Up side ..)

i reckon we are wedged in...another visit to 1.63 potential for 1.70

i understand that sounds like im deluded but its what i see
  • #341,390
  • May 21, 2013 10:42am May 21, 2013 10:42am
Quoting nAVIN2007
{quote} i reckon we are wedged in...another visit to 1.63 i understand that sounds like im deluded but its what i see
what i see is that GBPUSD needs to retest the lows at 1.48xx
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,391
  • May 21, 2013 10:45am May 21, 2013 10:45am
Quoting fxtyrant
{quote} what i see is that GBPUSD needs to retest the lows at 1.48xx

we have simply gone south to retrace usdx is at a road block..if it passes it..than i will say the mofo is a big time bull otherwise the mofo should sink with a bit of luck

if tomorrow there is no new low..i will be happy
  • #341,392
  • May 21, 2013 10:48am May 21, 2013 10:48am
Quoting nAVIN2007
{quote} we have simply gone south to retrace usdx is at a road block..if it passes it..than i will say the mofo is a big time bull otherwise the mofo should sink with a bit of luck
ive already explained why i am very bullish on the USD, yes the USD could as well be seeing some roadblock and this might retrace a bit but max to top out 1.56 on the GBPUSD...

but the overall trend is QE is gona end. interest rate in US has no where but up....
Ben bernanke can only delay the inevitable end of QE... so if you know its gona end sooner or later why dont you position urself to be dollar bullish now?
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #341,393
  • May 21, 2013 10:50am May 21, 2013 10:50am
Quoting nAVIN2007
{quote} i reckon we are wedged in...another visit to 1.63 potential for 1.70 i understand that sounds like im deluded but its what i see
Hey , this is Forex - Anything is Possible .. No one has control over this animal ..
I do think we might retest the lows ( least Resistance ..). Lots of barriers(supply...) to get over for the Bulls ..
It feels like a BEARISH week ....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh1.png Size: 31 KB
  • #341,394
  • May 21, 2013 10:55am May 21, 2013 10:55am
Quoting fxtyrant
{quote} ive explained before that the idea of a sucker zone is that market will sort of fool people at that region to enter trade... the fact that GBPUSD was already moving down from 1.56, the approach to the sucker zone this time at 50% is one that's gona trap A LOT of BULLS... and now you see why.... been pretty much warning bulls dont long dont long dont long... i guess you see how significant it is not to be entering trades at sucker zones.... i wonder how -sonny-'s doing...
yup..agreed.. bear to 149 before going up to 158
  • #341,395
  • May 21, 2013 10:56am May 21, 2013 10:56am
Quoting fxtyrant
{quote} ive already explained why i am very bullish on the USD, yes the USD could as well be seeing some roadblock and this might retrace a bit but max to top out 1.56 on the GBPUSD... but the overall trend is QE is gona end. interest rate in US has no where but up.... Ben bernanke can only delay the inevitable end of QE... so if you know its gona end sooner or later why dont you position urself to be dollar bullish now?

a strong dollar i simply cant buy..it may go up so it can be sold..
  • #341,396
  • May 21, 2013 10:57am May 21, 2013 10:57am
For me as I said before, The bottom is around 1.49~1.50 area for Q2.
  • #341,397
  • May 21, 2013 10:57am May 21, 2013 10:57am
Quoting taomql4
{quote} Hey , this is Forex - Anything is Possible .. No one has control over this animal .. I do think we might retest the lows ( least Resistance ..). Lots of barriers(supply...) to get over for the Bulls .. It feels like a BEARISH week .... {image}

this is what i see
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmonthly.png Size: 89 KB
  • #341,398
  • May 21, 2013 10:57am May 21, 2013 10:57am
For me as I said before, The bottom is around 1.49~1.50 area for Q2.

Quoting nAVIN2007
{quote} i forecast this is the bottom..lets see
  • #341,399
  • May 21, 2013 11:00am May 21, 2013 11:00am
Quoting Maso
For me as I said before, The bottom is around 1.49~1.50 area for Q2. {quote}

nobody really know bro..we can only speculate..u could well be right!! time will tell
  • #341,400
  • May 21, 2013 11:02am May 21, 2013 11:02am
Quoting Maso
This is the story of cable and its circles during three years. Its bases has been moved from 1.52 to 1.48 for now. Then, at the end of Q2 ~ Q4 it may be installed lower at 1.45 level! {image}
In my opinion, in the longer term perspective the dip to 1.48 was a false breakout, hence the base is still 1.52. In the coming months until the end of the year we will see this level will be tested 2 or 3 more times. And if finally broken out we will see 1.44 or even 1.1 then. In the meantime we are prepping for climbing back again to 1.6
Make it simple, but not simpler - Einstein
302 traders viewing now